About Midas Glitter
Midas Glitter is a publicly listed company based in Vadodara (India) founded in 1974. Lacquered coated films and glitter powder are manufactured. The company has 8 employees. Its focus areas include Chemicals and Materials and Diversified Materials. Its legal entity in India is Advance Syntex Limited (L17119GJ1990PLC014406).
Company details
Midas Glitter was established in 1974 in Vadodara, India, within the manufacturing sector focused on specialty materials. Lacquered coated films and glitter powder are produced for industrial and decorative applications. Operations are centered in India, with distribution handled through the domain midasglitter.com. Leadership is provided by Managing Director Bhavan Dhirendra Vora, overseeing production processes and market activities.
- Headquarters Vadodara, India
- Employees 8
- Stage Public
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website midasglitter.com
- Social Facebook
- Legal Name Advance Syntex Limited
- Date of Incorporation 21 Sep, 1990
- Jurisdiction Vadodara, Gujarat, India
- Net Loss-₹18.42 Cr
FY 2025 · -37429568% margin
- EBITDA-₹18.18 Cr
FY 2025 · -36941838% margin
- Employee Count8
Associated legal entities of Midas Glitter
Midas Glitter operates through Advance Syntex Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Advance Syntex Limited Listed CIN L17119GJ1990PLC014406 | Active | 21 Sep 1990 | Vadodara, Gujarat | ₹0.0 Cr | 8 | 8 | View details |
Board of directors of Advance Syntex Limited (Midas Glitter)
Advance Syntex Limited is the primary company behind Midas Glitter. The board of Advance Syntex Limited currently have 7 directors; the longest-serving is Bhavan Vora, appointed in 1996. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavan Vora DIN 01613974 | Managing Director | 19 Oct 1996 | 30 yrs | Advance Syntex Limited |
| Nandishkumar Vinodray Gandhi DIN 00284688 | Director | 15 Dec 2010 | 15 yrs 10 mo | Advance Syntex Limited |
| Praful Ramanlal Pandya DIN 03381212 | Director | 15 Dec 2010 | 15 yrs 10 mo | Advance Syntex Limited |
| Darshana Devang Vora DIN 06718711 | Whole-time director | 30 Sep 2013 | 13 yrs 1 mo | Advance Syntex Limited |
| Himeshbhai Ochchhavlal Shah DIN 07366133 | Director | 24 Dec 2015 | 10 yrs 10 mo | Advance Syntex Limited |
| Ashish Govindlal Shukla DIN 08350270 | Director | 02 Feb 2019 | 7 yrs 9 mo | Advance Syntex Limited |
| Ronojoy Basu DIN 08863587 | Director | 05 Sep 2020 | 6 yrs 2 mo | Advance Syntex Limited |
People of Midas Glitter
1 people are tracked at Midas Glitter (1 in leadership); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Midas Glitter
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Financials of Midas Glitter
Figures of Advance Syntex Limited, the primary company behind Midas Glitter, for FY 2025. Net loss was -₹18.42 Cr (-37429568% margin). EBITDA was -₹18.18 Cr (-36941838% margin). Revenue has grown at a compounded annual rate of -99% over three years and -94% over five years.
- -₹18.42 CrNet loss · -37429568% margin
- -₹18.18 CrEBITDA · -36941838% margin
- ₹11.10 CrPaid-up capital
- 8Employees (provident fund records)
- -99%Revenue CAGR, 3 years
- -94%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Advance Syntex Limited are on its company page.
Detailed financial statements for Midas Glitter
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Frequently Asked Questions about Midas Glitter
Midas Glitter was founded in 1974.
Midas Glitter is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Midas Glitter has 8 employees.
Annual revenue of Midas Glitter is $2.3M as on Mar 31, 2023.
Midas Glitter was established in 1974 in Vadodara, India, within the manufacturing sector focused on specialty materials. Lacquered coated films and glitter powder are produced for industrial and decorative applications. Operations are centered in India, with distribution handled through the domain midasglitter.com. Leadership is provided by Managing Director Bhavan Dhirendra Vora, overseeing production processes and market activities.
Midas Glitter operates through Advance Syntex Limited.
The legal entities of Midas Glitter currently have 7 directors, including Nandishkumar Vinodray Gandhi, Praful Ramanlal Pandya, Himeshbhai Ochchhavlal Shah and others.