Midas Agrofoods Limited - Company Profile

It is a food and beverages public limited company based in Baghapurana, Punjab, India, established in 2014.
2014 Baghapurana, Punjab, India Active
Last Updated:
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About Midas Agrofoods Limited

Midas Agrofoods Limited, a active public limited company, was established on 10 June 2014 in Baghapurana, Punjab, India. Engaging in staple foods & grains within the manufacturing sector, it holds CIN: U15312PB2014PLC038656. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹22.00 Cr and a paid-up capital of ₹21.67 Cr.

Formerly known as Rigel Foods Private Limited, Midas Agrofoods Limited. It upholds a compliant status. Employing 10 professional, Its leadership includes Lakhan Garg (Director), Kewal Krishan (Director), Raghav Garg (Director). Past directors included Arun Kumar Goyal, Lakhan Garg, Kewal Krishan. It holds ₹176.10 Cr open charges and ₹48.01 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Mudki Road, Baghapurana, Punjab, 142038.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U15312PB2014PLC038656

  • Registration Number

    038656

  • Incorporation Date

    10 June 2014

  • Authorized Capital

    ₹22.00 Cr

  • Paid-Up Capital

    ₹21.67 Cr

  • ROC Code

    Roc Chandigarh

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 22.00 Cr
  • Paid Up Capital ₹ 21.67 Cr
  • Company Age 11 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 176.10 Cr
  • Satisfied Charges ₹ 48.01 Cr
Company report

Midas Agrofoods Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at Midas Agrofoods Limited?
Current Directors
Name Designation Appointment Date Status
Lakhan Garg Director 17 Jul 2020 Current
Kewal Krishan Director 18 Aug 2022 Current
Raghav Garg Director 10 Jun 2014 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 17 Aug 2016 Past
Pramod Abcsdd Additional Director 30 Dec 2020 Past
Pramod Abcsdd Director 04 Jul 2022 Past
Pramod Abcsdd Director 17 Jul 2020 Past
Pramod Abcsdd Director 30 Jun 2022 Past
Pramod Abcsdd Director 17 Aug 2016 Past

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Financial Performance of Midas Agrofoods.
Midas Agrofoods revenue growth over time
Midas Agrofoods profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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What is the Ownership and Shareholding Structure of Midas Agrofoods?

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Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,760,950,000.00

Satisfied Charges

₹480,100,000.00

Charges Breakdown by Lending Institutions
  • Others : 96.05 Cr
  • State Bank Of India : 78.12 Cr
  • Sidbi : 1.93 Cr
Latest Charge Details
Date Lender Amount Status
26 Mar 2024 Sidbi ₹1.93 Cr Open
24 Feb 2024 Others ₹29.98 Cr Open
24 Oct 2023 Others ₹66.07 Cr Open
30 Aug 2016 State Bank Of India ₹78.12 Cr Open
09 Nov 2021 State Bank Of India ₹4.12 Cr Satisfied

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How Many Employees Work at Midas Agrofoods?

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Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Midas Agrofoods
Recent Activity within the Organization
  • Charges

    The activity A charge with Others of Rs. 66.07 Cr registered on 24 Oct 2023 with Charge ID 100826228 was modified on 13 Oct 2025. was completed.

  • Charges

    Progress on A charge with State Bank Of India of Rs. 78.12 Cr registered on 30 Aug 2016 with Charge ID 100062154 was modified on 24 Sep 2025. was documented.

  • Director Appointment

    Jaspreet Kaur was appointed as a Company Secretary was appointed as a Company Secretary on 02 Dec 2024 & has been associated with this company since 1 year 2 months . was recorded as a recent event.

  • Annual General Meeting

    Midas Agrofoods Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Charges

    A charge registered on 09 Nov 2021 via Charge ID 100498233 with State Bank Of India was fully satisfied on 05 Jul 2024. was recorded as a recent event.

  • Charges

    A charge registered on 04 Sep 2020 via Charge ID 100378495 with State Bank Of India was fully satisfied on 05 Jul 2024. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Midas Agrofoods Limited?

The CIN of Midas Agrofoods Limited is U15312PB2014PLC038656.

Where is Midas Agrofoods Limited headquartered?

Midas Agrofoods Limited is headquartered at Mudki Road, Baghapurana, Punjab, 142038.

When was Midas Agrofoods Limited incorporated?

Midas Agrofoods Limited was incorporated on 10 June 2014.

Who are the current directors of Midas Agrofoods Limited?

The current directors of Midas Agrofoods Limited are

What is the primary industry of Midas Agrofoods Limited?

The primary industry of Midas Agrofoods Limited is Manufacturing.

Is Midas Agrofoods Limited a listed company?

Midas Agrofoods Limited is unlisted.

What is the capital structure of Midas Agrofoods Limited?

The authorized capital of Midas Agrofoods Limited is ₹22.00 Cr, and the paid-up capital is ₹21.67 Cr.

What is the compliance status of Midas Agrofoods Limited?

The compliance status of Midas Agrofoods Limited is Compliant.

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