About Midas
Midas is a Transportation, Automotive & Logistics company based in Kottayam (India) founded in 1969 by George Varughese. Rubber parts and retreading materials are supplied by Midas. It operates on a Reseller / Distribution model in Transportation, Automotive & Logistics and Environment sectors. The company has 151 employees. Midas offers products and services including Precured Tread Rubber, Conventional (Hot) Rubber, and Bonding Gum. Its focus areas include Automotive, Tyre Manufacturing and Retreading Materials. Its legal entity is Midas Mileage. Its competitors include Elgi Rubber, INDAG Rubber and Manjunath Rubber.
Company details
Midas, established in 1969, is engaged in the supply of tyre retreading materials, including precured tread rubber and bonding gum. The company serves a global market spanning South America, Africa, Europe, and Australia. Based in India, Midas is known for its extensive range of products used in the automotive tyre retreading sector. Solutions are provided to enhance tyre durability and performance for various vehicle types. Customer satisfaction is reported across diverse regions with consistent product quality.
- Headquarters Kottayam, India
- Employees 151
- Founders George Varughese
- SectorsTransportation, Automotive & LogisticsEnvironment
- Email••••••••
- Phone•••• ••••
- Website midas.ind.in
- Social Facebook
- Legal Name Midas Mileage
- Annual Revenue$11.5 M (USD)33as on Mar 31, 2023
- Net Profit-$36.1 K (USD)89as on Mar 31, 2023
- EBITDA$218.71 K (USD)1374as on Mar 31, 2023
- Employee Count151
Associated legal entities of Midas
Midas is associated with 7 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Midas Rubber Pvt Ltd CIN U25191KL1950PTC000278 | Active | 28 Mar 1950 | Kottayam, Kerala, India | View details | |||
| Midas Treads (India) Private Limited CIN U25199KL1997PTC024585 | Active | 18 Feb 1997 | Kottayam, Kerala | ₹181 Cr | 84 | 2 | View details |
| Midas Retreads India Private Limited CIN U25119KL1990PTC005794 | Amalgamated | 05 Sep 1990 | Kottayam, Kerala | ₹14.9 Cr | 19 | 2 | View details |
| Midas Pre Cured Treads Pvt Ltd CIN U25119KL1985PTC004269 | Active | 31 Jul 1985 | Kottayam, Kerala | ₹222 Cr | 41 | 2 | View details |
| Midas Polymer Compounds Private Limited CIN U24134KL1996PTC010876 | Active | 23 Oct 1996 | Kottayam, Kerala | ₹95.8 Cr | 69 | 3 | View details |
| Midas India Pvt Ltd CIN U35301WB1955PTC022611 | Strike Off | 10 Sep 1955 | West Bengal, India | View details | |||
| Midas Rubber Pvt Ltd CIN U25191KL1951PTC000278 | Active | 28 Mar 1950 | Kottayam, Kerala | ₹150 Cr | 153 | 3 | View details |
Products & Services of Midas
Midas offers a comprehensive portfolio of products and services, including Precured Tread Rubber, Conventional (Hot) Rubber, and Bonding Gum.
Used for retreading tyres with durable rubber material.
Applied in traditional hot retreading of vehicle tyres.
Utilized for bonding layers during tyre retreading process.
Board of directors of Midas
The boards of the 5 registered companies of Midas currently have 7 directors; the longest-serving is Koshi John, appointed in 1991. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Koshi John DIN 00175125 | Director | 02 Dec 1991 | 34 yrs 10 mo | Midas Retreads India Private Limited |
| Varkey Varughese DIN 00122189 | Director | 15 Oct 1999 | 27 yrs | Midas Rubber Pvt Ltd, Midas Treads (India) Private Limited |
| Paulose Verghese DIN 00119395 | Director | 01 Jun 2000 | 26 yrs 4 mo | Midas Pre Cured Treads Pvt Ltd, Midas Rubber Pvt Ltd, Midas Treads (India) Private Limited, Midas Retreads India Private Limited |
| Abraham Mathew DIN 01556393 | Director | 20 Feb 2001 | 25 yrs 8 mo | Midas Polymer Compounds Private Limited |
| John Kurudamannil Abraham DIN 00122693 | Director | 01 Sep 2010 | 16 yrs 1 mo | Midas Polymer Compounds Private Limited |
| Divya Varughese DIN 00128391 | Director | 28 Jul 2015 | 11 yrs 2 mo | Midas Pre Cured Treads Pvt Ltd, Midas Polymer Compounds Private Limited |
| Malini Mathew Varughese DIN 00136700 | Director | 28 Aug 2025 | 1 yr 1 mo | Midas Rubber Pvt Ltd |
People of Midas
1 people are tracked at Midas (1 in leadership); the tracked headcount is 151.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership |
Complete people profiles for Midas
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Midas
Figures of Midas Pre Cured Treads Pvt Ltd, the primary company behind Midas, for FY 2025. Revenue was ₹222 Cr (+1% year on year). Net profit was ₹3.35 Cr (2% margin). EBITDA was ₹6.68 Cr (3% margin). Revenue has grown at a compounded annual rate of +6% over three years and -2% over five years.
- ₹222 CrRevenue · FY 2025 · +1% YoY
- ₹3.35 CrNet profit · 2% margin
- ₹6.68 CrEBITDA · 3% margin
- ₹2.00 CrPaid-up capital
- 41Employees (provident fund records)
- +6%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Midas Pre Cured Treads Pvt Ltd are on its company page.
Detailed financial statements for Midas
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Midas
Midas has 3 listed competitors in our database. They include Elgi Rubber, INDAG Rubber and Manjunath Rubber.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| elgirubber.com | 2006 | Coimbatore, India | 162 | Manufacturer of raw material, equipment, tools and accessories for rubber industries | ||
| indagrubber.com | 1978 | Delhi, India | 292 | Tread rubber, strip gum, and spray cement are manufactured. | ||
| manjunathrubber.in | 1984 | Mangaluru, India | 41 | Offers tyre retreading services and rubber products for industrial use in Mangalore. |
Detailed competitors of Midas
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Midas
The website of Midas (midas.ind.in) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 17.7% vs previous month
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as Midas (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Frequently Asked Questions about Midas
Midas was founded in 1969.
Midas is headquartered in Kottayam, India. It is registered at Kottayam, Kerala, India.
Midas has 151 employees.
Annual revenue of Midas is $11.5M as on Mar 31, 2023.
Midas, established in 1969, is engaged in the supply of tyre retreading materials, including precured tread rubber and bonding gum. The company serves a global market spanning South America, Africa, Europe, and Australia. Based in India, Midas is known for its extensive range of products used in the automotive tyre retreading sector. Solutions are provided to enhance tyre durability and performance for various vehicle types. Customer satisfaction is reported across diverse regions with consistent product quality.
Midas's top competitors include INDAG Rubber, Elgi Rubber and Manjunath Rubber.
Midas offers Precured Tread Rubber, Conventional (Hot) Rubber, and Bonding Gum.
Midas is associated with 6 legal entities: Midas Pre Cured Treads Pvt Ltd, Midas Rubber Pvt Ltd, Midas Treads (India) Private Limited and others.
The legal entities of Midas currently have 7 directors, including Divya Varughese, Paulose Verghese, Varkey Varughese and others.