About Midas
Midas is a company based in Kottayam (India) founded in 1969 by George Varughese. It operates as a Reseller / Distribution. The company has 151 employees as of September 30, 2024. Midas offers products and services including Precured Tread Rubber, Conventional (Hot) Rubber, and Bonding Gum. Midas operates in a competitive market with competitors including Elgi Rubber, INDAG Rubber, Manjunath Rubber, MRL Tyres and Vamshi Rubber, among others.
- Headquarter Kottayam, India
- Employees 151 as on 30 Sep, 2024
- Founders George Varughese
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Sectors
Transportation, Automotive & LogisticsEnvironment
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Email
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Phone
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Website
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Social
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- Legal Name Midas Mileage
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Annual Revenue
$11.5 M (USD)33as on Mar 31, 2023
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Net Profit
$-36.1 K (USD)89as on Mar 31, 2023
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EBITDA
$218.71 K (USD)1374as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
151
as on Sep 30, 2024
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Products & Services of Midas
Midas offers a comprehensive portfolio of products and services, including Precured Tread Rubber, Conventional (Hot) Rubber, and Bonding Gum. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Used for retreading tyres with durable rubber material.
Applied in traditional hot retreading of vehicle tyres.
Utilized for bonding layers during tyre retreading process.
Funding Insights of Midas
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Midas
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Midas
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Midas Comparisons
Competitors of Midas
Midas operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Elgi Rubber, INDAG Rubber, Manjunath Rubber, MRL Tyres and Vamshi Rubber, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Manufacturer of raw material, equipment, tools and accessories for rubber industries
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| domain | founded_year | HQ Location |
Tread rubber, strip gum, and spray cement are manufactured.
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| domain | founded_year | HQ Location |
Offers tyre retreading services and rubber products for industrial use in Mangalore.
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| domain | founded_year | HQ Location |
Manufactures agricultural, industrial, and commercial tires for worldwide distribution.
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| domain | founded_year | HQ Location |
Automotive rubber components are manufactured and supplied globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Midas
When was Midas founded?
Midas was founded in 1969.
Where is Midas located?
Midas is headquartered in Kottayam, India. It is registered at Kottayam, Kerala, India.
How many employees does Midas have?
As of Sep 30, 2024, the latest employee count at Midas is 151.
What is the annual revenue of Midas?
Annual revenue of Midas is $11.5M as on Mar 31, 2023.
What does Midas do?
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.
Who are the top competitors of Midas?
Midas's top competitors include INDAG Rubber, Elgi Rubber and MRL Tyres.
What products or services does Midas offer?
Midas offers Precured Tread Rubber, Conventional (Hot) Rubber, and Bonding Gum.