About
Basic Data Updated:
12 days agoMFS Ethnic Limited was founded with a passion for celebrating and preserving the rich cultural heritage of India through its traditional clothing. The company specializes in the manufacturing and trading of ethnic wear, including sherwanis, kurta pajamas, and accessories. These exquisite pieces are meticulously crafted to showcase the intricate designs and vibrant colors that are synonymous with Indian culture. The company's wide range of products includes wedding sherwanis, indo western sherwanis, Jodhpuri suits, and kurta sets, all of which are designed to cater to the diverse tastes and preferences of its customers. MFS Ethnic Limited takes great pride in its attention to detail and commitment to using high-quality materials, ensuring that each garment is a true work of art. In addition to its physical stores, MFS Ethnic Limited also reaches a wider audience through its online portal, ‘mascotethnic.com’. This platform allows customers from all over the world to browse and purchase the company's products with ease and convenience. Over the years, MFS Ethnic Limited has built a loyal customer base, including renowned brands such as Men’s Avenue, Manyavar, The Chennai Silks, Pagli, and CMR Shopping Mall.
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U18209MH2017PLC297799 |
| Company No. | 297799 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 25 Jul 2017 |
| Date of AGM | 30 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Mumbai |
Financials of Mfs Ethnic Limited
Mfs Ethnic Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 33.79% decrease. The company also saw a substantial fall in profitability, with a 30.88% decrease in profit. The company's net worth moved up by a moderate rise of 5.82%.
Corporate Structure
Unlock access to Mfs Ethnic's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Mfs Ethnic Limited
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.
Executive Team (1)
MS
Mitesh Sanghvi
Managing DirectorAppointment Date: 25-Jul-2017
Status: Current
Board Members(3)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Standard Chartered Bank Creation Date: 14 Feb 2024 | ₹4.65 Cr | Open |
Standard Chartered Bank Creation Date: 25 Aug 2023 | ₹3.00 Cr | Open |
Standard Chartered Bank Creation Date: 25 Aug 2023 | ₹2.20 Cr | Open |
Deals i
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
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.
Alert
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.
Recent activity within the organization
Director Appointment
Sarika Mitesh Sanghvi was appointed as a Director was appointed as a Director on 21 Mar 2024 & has been associated with this company since 1 month 18 days .
21 Mar 2024Charges
A charge registered on 13 Dec 2017 via Charge ID 100153277 with Others was fully satisfied on 20 Mar 2024.
20 Mar 2024Charges
A charge with Standard Chartered Bank amounted to Rs. 4.65 cr with Charge ID 100866278 was registered on 14 Feb 2024.
14 Feb 2024Annual General Meeting
Mfs Ethnic Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
30 Sep 2023Charges
A charge with Standard Chartered Bank amounted to Rs. 3.00 cr with Charge ID 100786510 was registered on 25 Aug 2023.
25 Aug 2023
Frequently asked questions
What is the Incorporation or founding date of Mfs Ethnic Limited?
