MG Tea Private Limited
About MG Tea Private Limited
Data last updated:
MG Tea Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 07 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2021PTC149211. Its GSTIN is 29AAOCM7476M1ZD (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Manila Singh and Gulshan Rajguru.
Its last annual general meeting (AGM) was held on 21 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shop No 1 Door No 988 1st Cross 2nd Main Road K N Extension Yeshwanthpur, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.59 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹87,777 (net margin -24.5%) and EBITDA of ₹24,260 (EBITDA margin 6.8%).
As per MCA filings, the company has open charges of ₹1.99 Lakh on record.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShop No 1 Door No 988 1st Cross 2nd Main Road K N Extension Yeshwanthpur, Bangalore, Karnataka, India – 560022
- IndustryAgriculture, Agro 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
- One PDF report, delivered after checkout
Business Activity of MG Tea Private Limited
The main business activity of MG Tea is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of MG Tea Private Limited FY 2023 filings available
MG Tea Private Limited reported revenue of ₹3.59 Lakh (up 2144% YoY) for FY 2023.
Financial Statement Summary of MG Tea Private Limited
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹24,260 | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹87,777 | •••• |
| 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 of MG Tea Private Limited
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.8% | •••• |
| Net Profit Margin | -24.5% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of MG Tea are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of MG Tea Private Limited
MG Tea Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nidamanuru Farmer Producer Company Limited | •••• | •••• | •••• | •••• | - | Prakasam, Andhra Pradesh, India |
| Upvan Estates Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Druhinah Agro Private Limited | •••• | •••• | •••• | •••• | - | Bhilwara, Rajasthan, India |
| Gemma Global Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Grocer Goods Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| MG Tea Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| 42 Technology Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Madhavan Worldwide Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Khetridharmapur Organic Farmers Producer Company Limited | •••• | •••• | •••• | •••• | - | Nalbari, Assam, India |
| Maa Trivedi Farmer Producer Company Limited | •••• | •••• | •••• | •••• | - | Banda, Uttar Pradesh, India |
| Ahamadpur Aikyatan Producer Company Limited | •••• | •••• | •••• | •••• | - | Birbhum, West Bengal, India |
Peers are the five companies nearest above and the five nearest below MG Tea by revenue in the Agriculture industry (Agro Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of MG Tea Private Limited
MG Tea has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manila Singh | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Gulshan Rajguru | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Vinod Coomar Rajpurohit | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Anamika Suresh Kumar Also directs: Tanushree Textiles Private Limited | Director | 20 Sep 2021 | 5 Years 0 Months | Current |
Ownership and Shareholding of MG Tea Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of MG Tea Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Apr 2023 | State Bank of India | ₹1.99 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at MG Tea Private Limited
MG Tea Private Limited has a workforce of 0 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on MG Tea Private Limited
MG Tea Private Limited has 5 board changes on record since 2021: 4 appointments and 1 cessation. The latest: Anamika Suresh Kumar ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for MG Tea Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by MG Tea Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of MG Tea Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of MG Tea Private Limited
MG Tea has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM7476M1ZD | Karnataka | Active | 22 Jul 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of MG Tea Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MG Tea Private Limited
MG Tea is an active private limited company based in Bangalore, Karnataka, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 07 July 2021 (5+ years old) and is registered under CIN U51909KA2021PTC149211.
MG Tea reported revenue of ₹3.59 Lakh for FY 2023 (up 2144% YoY).
MG Tea has 4 current directors:
- Manila Singh - Director
- Gulshan Rajguru - Director
- Vinod Coomar Rajpurohit - Director
- Anamika Suresh Kumar - Director
MG Tea reported a net loss of ₹87,777 (net margin -24.5%) and EBITDA of ₹24,260 (EBITDA margin 6.8%) for FY 2023, as per its filed financial statements.
The GSTIN of MG Tea is 29AAOCM7476M1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of MG Tea is U51909KA2021PTC149211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MG Tea was incorporated on 07 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of MG Tea by revenue are Nidamanuru Farmer Producer Company Limited, Upvan Estates Private Limited, Druhinah Agro Private Limited, Gemma Global Private Limited, Grocer Goods Private Limited and 5 more, all in the Agriculture industry (Agro Retail and Distribution).
Anamika Suresh Kumar ceased to be Additional Director on 30 Sep 2022. Anamika Suresh Kumar was appointed as Director on 20 Sep 2021. Gulshan Rajguru was appointed as Director on 07 Jul 2021. MG Tea has 5 board changes on record in total.
The registered office of MG Tea is at Shop No 1 Door No 988 1st Cross 2nd Main Road K N Extension Yeshwanthpur, Bangalore, Karnataka, India – 560022.
MG Tea has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh.