About Mi Industries (India) Private Limited
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Mi Industries (India) Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17200DL2009PTC189063. Its GSTIN is 07AAFCM9785J1ZQ (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.18 Cr. It is led by directors including Aadit Modi and Arvind Kumar Modi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 6 First Floor Kh No. 432 To 436 439 And 440 Near Metro Pillar No – 93 M.G. Road, Sultanpur, New Delhi, Delhi, India – 110030.
As per the financials filed for FY 2025, the company reported a revenue of ₹232.72 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹10.03 Cr (net margin 4.3%) and EBITDA of ₹35.42 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 13% over five years.
The company has about 45 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹141.46 Cr and satisfied charges of ₹154.91 Cr on record. Court records list 21 cases involving the company, including 17 filed by the company and 4 filed against it; 11 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.92 Cr; the latest was in August 2018. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 5 smaller; the largest is Rolex Processors Private Limited with revenue of ₹234.31 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2023, listing 96 overdue payments to 22 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miindia.in.
Company details
Contact details
Mi Industries (India) Private Limited's registered office is in New Delhi, Delhi. Its website is miindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 6 First Floor Kh No. 432 To 436 439 And 440 Near Metro Pillar No – 93 M.G. Road, Sultanpur, New Delhi, Delhi, India – 110030
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mi Industries (India) Private Limited, buy the company report.
- 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
Business activity
The main business activity of Mi Industries (India) is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Mi Industries (India) Private Limited, buy the company report.
Financials of Mi Industries (India) Private Limited
FY 2024 filings availableMi Industries (India) Private Limited reported revenue of ₹232.72 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 40% growth in the latest year. EBITDA rose 57% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹35.42 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹10.03 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 4.3% | ||||
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To see the full financial statements and ratios of Mi Industries (India) Private Limited, buy the company report.
Board of directors of Mi Industries (India) Private Limited
Mi Industries (India) has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aadit Modi Also directs: S. A. Clothing Private Limited, KBM Exports Private Limited | Director | 01 Feb 2011 | 15 Years 9 Months | Current |
| Arvind Kumar Modi | Director | 01 Apr 2009 | 17 Years 7 Months | Current |
| Poonam Modi | Director | 01 Apr 2009 | 17 Years 7 Months | Current |
| Akshat Modi Also directs: KBM Exports Private Limited | Director | 06 Jan 2025 | 1 Years 10 Months | Current |
Peer comparison
Mi Industries (India) Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rolex Processors Private Limited | ₹234.31 Cr (FY 2025) | 5.0% | Bhilwara, Rajasthan, India | |||
| Parmeshwari Silk Mills Limited | ₹233.76 Cr (FY 2025) | 15.0% | Punjab, India | |||
| Shriniwas Spintex Industries Private Limited | ₹233.74 Cr (FY 2024) | 2.0% | Hinganghat, Maharashtra, India | |||
| Mi Industries (India) Private Limitedthis company | ₹232.72 Cr (FY 2025) | ₹10.03 Cr | 4.3% | 40.0% | 45 | New Delhi, Delhi, India |
| Arihant Syncotex Mills Private Limited | ₹232.68 Cr (FY 2025) | 20.0% | Ichalkaranji, Maharashtra, India | |||
| Jindal Textile Industries Limited | ₹232.65 Cr (FY 2024) | 674.0% | Delhi, India | |||
| Trilok Cotton Private Limited | ₹232.64 Cr (FY 2025) | -4.0% | Ichalkaranji, Maharashtra, India | |||
| Suryauday Spinning Mills Private Limited | ₹232.31 Cr (FY 2025) | -5.0% | Secunderabad, Telangana, India | |||
| Sree Narasimha Textiles Private Limited | ₹232.3 Cr (FY 2025) | -1.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Mi Industries (India) Private Limited, buy the company report.
Auditor
Mi Industries (India) Private Limited is audited by B.B. Mathur & Company for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.B. Mathur & Company | FY 2024 | 000290N |
Shareholding
The shareholding of Mi Industries (India) Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mi Industries (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2024 | 100927874 | Hdfc Bank Limited | ₹140.36 Cr | Open | |
| 18 Jan 2024 | 100863355 | Others | ₹90.28 Lakh | Open | |
| 11 Jan 2024 | 100873196 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 12 Jan 2023 | 100665899 | Canara Bank | ₹1.82 Cr | Satisfied | |
| 25 Jan 2022 | 100527216 | Canara Bank | ₹23 Cr | Satisfied |
To see the full charge records of Mi Industries (India) Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Mi Industries (India) Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.92 Cr; the latest was in August 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Jagmohan Buildcon Private Limited Seller: Arvind Kumar Modi & Sons HUF |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: Baldev Promoters Private Limited Seller: Arvind Kumar Modi & Sons HUF |
| Mar 2012 | Funding round | ₹3.93 Cr | Investors: Jagmohan Buildcon Private Limited, Baldev Promoters Private Limited , 2 individuals |
| Nov 2011 | Funding round | ₹1.99 Cr | Investors: Arvind Kumar Modi & Sons HUF, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mi Industries (India) Private Limited has 21 court cases on record: 17 filed by Mi Industries (India), 4 filed against it. 11 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 2 | 11 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aligarh, Uttar Pradesh | Criminal case | Filed by the company against Omnarayan | Pending |
| District court, Agra, Uttar Pradesh | Criminal case | Filed by the company against G.K. Fashions Pvt Ltd and Others | Pending |
| District court, Central, Delhi | Court case (OMP MISC. (COMM.)) | Filed by the company against M/S Bimla Maru Fashion (P) Ltd. and Ors. and 1 other | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by Registrar of Companies | Pending |
| District court, Aligarh, Uttar Pradesh | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Mi Industries (India) Private 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.
Credit ratings & regulatory alerts
Mi Industries (India) Private Limited was last rated by Icra on 14 Feb 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Feb 2018 |
To see the full credit ratings and regulatory alerts of Mi Industries (India) Private Limited, buy the company report.
MSME payment delays
Mi Industries (India) Private Limited has 3 MSME Form 1 returns on record between 2019 and 2023, listing 96 overdue payments to 22 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Blue Tex (I) Private Limited | |||
| A to Z Chemicals | |||
| an individual supplier | |||
| Techno RTM India | |||
| an individual supplier |
To see the full MSME payment records of Mi Industries (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mi Industries (India) Private Limited has a workforce of 45 employees on its EPFO records as of Feb 04, 2025, across 1 active EPFO establishment.
GST
Mi Industries (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCM9785J1ZQ | Delhi | Active | 17 Jul 2017 |
| 09AAFCM9785J1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mi Industries (India) Private Limited, buy the company report.
Recent activity
Mi Industries (India) Private Limited has 11 board changes on record since 2009: 4 appointments and 7 cessations. The latest: Akshat Modi was appointed as Director on 06 Jan 2025.
32 earlier events are in the company report.
Frequently asked questions
Mi Industries (India) is an active private limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 April 2009 (17+ years old) and is registered under CIN U17200DL2009PTC189063.
Mi Industries (India) has 4 current directors:
- Aadit Modi - Director
- Arvind Kumar Modi - Director
- Poonam Modi - Director
- Akshat Modi - Director
The latest financial statements of Mi Industries (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mi Industries (India) is 07AAFCM9785J1ZQ, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAFCM9785J1ZM (Uttar Pradesh).
The CIN (Corporate Identification Number) of Mi Industries (India) is U17200DL2009PTC189063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mi Industries (India) has 21 court cases on record: 17 filed by the company and 4 filed against it. 11 are pending. Most are in the district courts.
Mi Industries (India) was incorporated on 01 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Mi Industries (India) has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.92 Cr; the latest was in August 2018.
The peers of Mi Industries (India) by revenue are Rolex Processors Private Limited, Parmeshwari Silk Mills Limited, Shriniwas Spintex Industries Private Limited, Arihant Syncotex Mills Private Limited, Jindal Textile Industries Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Akshat Modi was appointed as Director on 06 Jan 2025. Shripati Yadav ceased to be Additional Director on 28 Dec 2023. Yogendra Kumar Pal ceased to be Additional Director on 28 Feb 2022. Mi Industries (India) has 11 board changes on record in total.
Mi Industries (India) has 3 MSME Form 1 returns on record between 2019 and 2023, listing 96 overdue payments to 22 micro and small suppliers. The latest return was filed on 31 Aug 2023.
Mi Industries (India) can be reached through the website miindia.in. Its registered office is in New Delhi, Delhi, India.
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