- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0065006

Madhumilan Industries Limited
About Madhumilan Industries Limited
Data last updated:
Madhumilan Industries Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 29 March 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U18101MP1979PLC080317. Its GSTIN is 23AAACM3166C1Z1 (Madhya Pradesh). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.17 Cr. It was formerly known as Vikas Processing P Ltd. It is led by directors including Kusum Modi and Bharat Kumar Modi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5 South Tukoganj, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2020, the company reported a revenue of ₹35.81 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹2.68 Cr (net margin 7.5%) and EBITDA of ₹15.96 Lakh (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 285 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8.38 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company.
Madhumilan Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0065006). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Madhumilan Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U18101MP1979PLC080317, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101MP1979PLC080317 | Current |
| U18101MH1995PLC095391 | Previous |
| U18101MH1979PLC095391 | Previous |
| U18101MH1995PTC095391 | Previous |
Recognitions & Rankings of Madhumilan Industries
Contact details
Madhumilan Industries Limited's registered office is in Indore, Madhya Pradesh.
- Registered Address5 South Tukoganj, Indore, Madhya Pradesh, India – 452001
- IndustryHome & Lifestyle, Textile Retail & Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Madhumilan Industries Limited
FY 2025 filings availableMadhumilan Industries Limited reported revenue of ₹35.81 Cr (up 7% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹35.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.68 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 7.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Madhumilan Industries Limited, buy the company report.
Board of directors of Madhumilan Industries Limited
Madhumilan Industries has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kusum Modi | Director | 29 Sep 2001 | 25 Years 1 Months | Current |
| Bharat Kumar Modi Also directs: Rachna Spinners LLP | Director | 29 Sep 2001 | 25 Years 1 Months | Current |
| Rachna Sanjay Goyal Also directs: Rachna Spinners LLP, Styler Textiles LLP | Director | 05 Jun 2021 | 5 Years 5 Months | Current |
| Krishna Kant Vyas | Director | 30 Sep 2021 | 5 Years 1 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Aug 1999 | 90357523 | M.P. Audyogik Vikas Ltd. | ₹23.7 Lakh | Satisfied | |
| 03 Nov 1998 | 90357462 | State Bank of Indore | ₹2.52 Cr | Satisfied | |
| 27 Mar 1997 | 90352538 | State Bank of India | ₹48 Lakh | Satisfied | |
| 27 Mar 1997 | 90357356 | State Bank of Indore | ₹1.32 Cr | Satisfied | |
| 07 Jan 1997 | 90357336 | Industrial Investment Bank of India | ₹3 Cr | Satisfied |
To see the full charge records of Madhumilan Industries Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Madhumilan Industries Limited has 5 court cases on record: 5 filed by Madhumilan Industries. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 3 | 0 | 0 |
| District courts | 2 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed by the company against Raj Baris Clothing Company Through Sharad Kumar and 1 other | Disposed |
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed by the company against Rajshree Desiner Febrics Pvt. Ltd. Through Sharad Kumar and 1 other | Disposed |
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed by the company against State of Madhya Pradesh Through Its Secretary Vallabh Bhawan Mantralaya ,Bhopal , Madhya Pradesh and 6 others | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against State of M.P. . | Disposed |
To see the full case history of Madhumilan Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madhumilan Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madhumilan Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACM3166C1Z1 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhumilan Industries Limited, buy the company report.
Recent activity
Madhumilan Industries Limited has 7 board changes on record since 2001: 4 appointments and 3 cessations. The latest: Krishna Kant Vyas was appointed as Director on 30 Sep 2021.
16 earlier events are in the company report.
Frequently asked questions
Madhumilan Industries is an active public limited company based in Indore, Madhya Pradesh, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 29 March 1979 (47+ years old) and is registered under CIN U18101MP1979PLC080317.
Madhumilan Industries has 4 current directors:
- Kusum Modi - Director
- Bharat Kumar Modi - Director
- Rachna Sanjay Goyal - Director
- Krishna Kant Vyas - Director
The latest financial statements of Madhumilan Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhumilan Industries is 23AAACM3166C1Z1, registered in Madhya Pradesh. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Madhumilan Industries is U18101MP1979PLC080317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhumilan Industries has 5 court cases on record: 5 filed by the company. Most are in the supreme court.
Madhumilan Industries was incorporated on 29 March 1979, making it 47+ years old. It is registered with the Registrar of Companies, Gwalior.
Krishna Kant Vyas was appointed as Director on 30 Sep 2021. Rachna Sanjay Goyal ceased to be Additional Director on 30 Sep 2021. Rachna Sanjay Goyal was appointed as Director on 05 Jun 2021. Madhumilan Industries has 7 board changes on record in total.
Yes, Madhumilan Industries is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0065006).
The registered office of Madhumilan Industries is at 5 South Tukoganj, Indore, Madhya Pradesh, India – 452001.

