Mfs Ethnic Limited Company Logo

Mfs Ethnic Limited - Company Profile

It is a fashion and textile public limited company based in Mumbai, Maharashtra, India, established in 2017.

2017 | Mumbai, Maharashtra, India | Active
Last Updated:

About Mfs Ethnic Limited

Mfs Ethnic Limited, a active public limited company, was established on 25 July 2017 in Mumbai, Maharashtra, India. Engaging in traditional & ethnic wear within the trade sector, it holds CIN: U18209MH2017PLC297799. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹6.00 Cr and a paid-up capital of ₹1.51 Cr.

It upholds a compliant status. Employing 5 professional, Its leadership includes Sarika Mitesh Sanghvi (Director), Mitesh Pramod Sanghvi (Managing Director), Jigna Haresh Doshi (Director). Past directors included Prakash Ratilal Shah, Haresh Javerilal Doshi, Vijay Babulal Goswami. It holds ₹23.34 Cr open charges and ₹11.35 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 711, 7Th Floor, Essgee Option One, Nr Tilak Bhawan,, Senapati Bapat Marg, Dadar W, Mumbai, Maharashtra, 400025.

Company Details

  • CIN/LLPIN

    U18209MH2017PLC297799

  • Registration Number

    297799

  • Incorporation Date

    25 July 2017

  • Authorized Capital

    ₹6.00 Cr

  • Paid-Up Capital

    ₹1.51 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 1.51 Cr
  • Company Age 8 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 23.34 Cr
  • Satisfied Charges ₹ 11.35 Cr
  • Revenue Growth 34.13%
  • Profit Growth 93.10%
  • Ebitda 81.58%
  • Net Worth 23.98%
  • Total Assets 16.08%
Company report

Mfs Ethnic Limited

Company Report FY 2025-2026

Explore comprehensive insights into Mfs Ethnic Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mfs Ethnic Limited?

Current Directors

NameDesignationAppointment DateStatus
Sarika Mitesh SanghviDirector28 Feb 2024Current
Mitesh Pramod SanghviManaging Director25 Jul 2017Current
Jigna Haresh DoshiDirector01 Sep 2021Current
Haresh Javerilal DoshiWhole-Time Director25 Jul 2017Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector01 Sep 2021Past
Pramod AbcsddCfo(Kmp)-Past
Pramod AbcsddAdditional Director12 Sep 2020Past
Pramod AbcsddDirector01 Feb 2019Past
Pramod AbcsddAdditional Director12 Sep 2020Past

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Financial Performance of Mfs Ethnic.

Mfs Ethnic Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.13% increase. The company also saw a substantial improvement in profitability, with a 93.1% increase in profit. The company's net worth Soared by an impressive increase of 23.98%.

Mfs Ethnic revenue growth over time
Mfs Ethnic profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
34.13%
Revenue from Operations
34.37%
Total Assets
16.08%
Profit or Loss
93.10%
Net Worth
23.98%
EBITDA
81.58%

What is the Ownership and Shareholding Structure of Mfs Ethnic?

In 2023, Mfs Ethnic had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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Charges (Loans)

Open Charges

₹233,400,000.00

Satisfied Charges

₹113,500,000.00

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 23.34 Cr

Latest Charge Details

DateLenderAmountStatus
14 Feb 2024Standard Chartered Bank₹11.20 CrOpen
25 Aug 2023Standard Chartered Bank₹2.20 CrOpen
25 Aug 2023Standard Chartered Bank₹3.00 CrOpen
19 Apr 2023Standard Chartered Bank₹6.94 CrOpen
12 Jan 2022Others₹1.35 CrSatisfied

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How Many Employees Work at Mfs Ethnic?

Unlock and access historical data on people associated with Mfs Ethnic, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Mfs Ethnic Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mfs Ethnic, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mfs Ethnic's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Mfs Ethnic

Recent Activity within the Organization

  • Charges

    A charge with Standard Chartered Bank of Rs. 11.20 Cr registered on 14 Feb 2024 with Charge ID 100866278 was modified on 26 Aug 2025. was recorded as a recent event.

  • Annual General Meeting

    The activity Mfs Ethnic Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Charges

    A charge registered on 12 Jan 2022 via Charge ID 100540679 with Others was fully satisfied on 12 Jun 2024. was recorded as a recent event.

  • Balance Sheet

    The activity Mfs Ethnic Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Charges

    A charge registered on 13 Dec 2017 via Charge ID 100153277 with Others was fully satisfied on 20 Mar 2024. was recorded as a recent event.

  • Director Appointment

    The activity Sarika Mitesh Sanghvi was appointed as a Director was appointed as a Director on 28 Feb 2024 & has been associated with this company since 1 year 9 months . was completed.

Frequently Asked Questions

  • What is the CIN of Mfs Ethnic Limited?

    The CIN of Mfs Ethnic Limited is U18209MH2017PLC297799.

  • Where is Mfs Ethnic Limited headquartered?

    Mfs Ethnic Limited is headquartered at 711, 7Th Floor, Essgee Option One, Nr Tilak Bhawan,, Senapati Bapat Marg, Dadar W, Mumbai, Maharashtra, 400025.

  • When was Mfs Ethnic Limited incorporated?

    Mfs Ethnic Limited was incorporated on 25 July 2017.

  • Who are the current directors of Mfs Ethnic Limited?

    The current directors of Mfs Ethnic Limited are

  • What is the primary industry of Mfs Ethnic Limited?

    The primary industry of Mfs Ethnic Limited is Trade.

  • Is Mfs Ethnic Limited a listed company?

    Mfs Ethnic Limited is unlisted.

  • What is the capital structure of Mfs Ethnic Limited?

    The authorized capital of Mfs Ethnic Limited is ₹6.00 Cr, and the paid-up capital is ₹1.51 Cr.

  • What is the compliance status of Mfs Ethnic Limited?

    The compliance status of Mfs Ethnic Limited is Compliant.

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