About Mgi India Private Ltd
Data last updated:
Mgi India Private Ltd is a private limited company based in New, Delhi, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 17 April 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U33111DL2001PTC110428. Its GSTIN is 27AACCM4743P1ZZ (Maharashtra). The company holds 13 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Ashok Chandra (Managing Director) and Vidur Chandra.
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 Property Bearing No 105 First Floor New Mangla Puri M.G Road, Delhi, India – 110030.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.99 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net loss of ₹16.26 Lakh (net margin -0.7%) and EBITDA of ₹11.27 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 10% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.45 Cr and satisfied charges of ₹15.55 Cr on record. Court records list 51 cases involving the company, including 11 filed by the company and 40 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgi-india.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressProperty Bearing No 105 First Floor New Mangla Puri M.G Road, Delhi, India – 110030
- IndustryHealthcare, Medical & Laboratory Equipment, Hospital Infrastructure & Equipment Providers
- 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 Mgi India Private Ltd
The main business activity of Mgi India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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.
Auditor Details of Mgi India Private Ltd
Mgi India Private Ltd is audited by LAVLESH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| LAVLESH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mgi India Private Ltd
Mgi India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidur Chandra | Director | 15 Jan 2004 | 22 Years 8 Months | Current |
| Ashok Chandra Also directs: Pramba International Private Limited | Managing Director | 15 Jan 2004 | 22 Years 8 Months | Current |
Financials of Mgi India Private Ltd FY 2025 filings available
Mgi India Private Ltd reported revenue of ₹22.99 Cr (up 53% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mgi India Private Ltd
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 53% growth in the latest year. EBITDA fell 92% in the latest year. 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 of Mgi India Private Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹11.27 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.26 Lakh | •••• | •••• | •••• | •••• |
| 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 Mgi India Private Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.7% | •••• | •••• | •••• | •••• |
| 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 Mgi India are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Mgi India Private Ltd
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 Mgi India Private Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Oct 2020 | Others | ₹80 Lakh | Open |
| 28 Jul 2004 | Oriental Bank of Commerce | ₹15 Lakh | Open |
| 01 Jun 2002 | Oriental Bank of Commerce | ₹10.5 Cr | Open |
| 06 Jun 2009 | Oriental Bank of Commerce | ₹5.4 Cr | Satisfied |
| 05 Jun 2009 | Oriental Bank of Commerce | ₹5.4 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Mgi India Private Ltd
Mgi India Private Ltd has a workforce of 3 employees as of Oct 09, 2025.
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.
GST Compliance of Mgi India Private Ltd
Mgi India has 13 GST registrations: 1 active and 12 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM4743P1ZZ | Maharashtra | Active | 24 Feb 2020 |
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.
Legal Cases of Mgi India Private Ltd
Mgi India Private Ltd has 51 court cases on record: 11 filed by Mgi India, 40 filed against it. 14 cases are pending and 37 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 24 | 2 |
| High courts | 18 | 16 | 6 |
| Supreme Court | 6 | 0 | 6 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by International Design and Engineering Solutions Private Limited | Pending |
| Supreme Court | Special leave petition | Filed by the company against International Design and Engineering Solutions Private Limited | Pending |
| District court, South, Delhi | Commercial suit | Filed against the company by Metaflex Doors India Private Limited | Disposed |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by Sarvottam Appliances Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by International Design and Engineering Solutions Private Limited | Disposed |
Full case history
All 51 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Credit Ratings, Litigation & Regulatory Alerts for Mgi India Private Ltd
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 Mgi India Private Ltd
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 Mgi India Private Ltd
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.
MCA Filings & Documents of Mgi India Private Ltd
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.
Recent Activity on Mgi India Private Ltd
Frequently Asked Questions about Mgi India Private Ltd
Mgi India is an active private limited company based in New, Delhi, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 17 April 2001 (25+ years old) and is registered under CIN U33111DL2001PTC110428.
Mgi India reported revenue of ₹22.99 Cr for FY 2024 (up 53% YoY).
Mgi India has 2 current directors:
- Ashok Chandra - Managing Director
- Vidur Chandra - Director
Mgi India reported a net loss of ₹16.26 Lakh (net margin -0.7%) and EBITDA of ₹11.27 Lakh (EBITDA margin 0.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mgi India is 52% over three years and 10% over five years. In the latest year (FY 2024) revenue rose 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mgi India is 27AACCM4743P1ZZ, registered in Maharashtra. The company has 13 GST registrations in all, of which 1 is active and 12 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mgi India is U33111DL2001PTC110428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mgi India has 51 court cases on record: 11 filed by the company and 40 filed against it. 14 are pending. Most are in the district courts.
Mgi India was incorporated on 17 April 2001, making it 25+ years old. It is registered with the Registrar of Companies, Delhi.