Midas Agrofoods Limited Company Logo

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:

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: U15312PB2014PTC038656. 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 Kewal Krishan (Director), Raghav Garg (Director), Lakhan Garg (Director). Past directors included Arun Kumar Goyal, Kewal Krishan, Bal 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

  • 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 Indicators

  • Authorised Capital ₹ 22.00 Cr
  • Paid Up Capital ₹ 21.67 Cr
  • Company Age 11 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 176.10 Cr
  • Satisfied Charges ₹ 48.01 Cr
  • Revenue Growth 36.29%
  • Profit Growth 154.00%
  • Ebitda 96.39%
  • Net Worth 15.76%
  • Total Assets 58.62%
Company report

Midas Agrofoods Limited

Company Report FY 2025-2026

Explore comprehensive insights into Midas Agrofoods Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Midas Agrofoods Limited?

Current Directors

NameDesignationAppointment DateStatus
Kewal KrishanDirector18 Aug 2022Current
Raghav GargDirector10 Jun 2014Current
Lakhan GargDirector17 Jul 2020Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector17 Aug 2016Past
Pramod AbcsddDirector04 Jul 2022Past
Pramod AbcsddDirector17 Jul 2020Past
Pramod AbcsddDirector30 Jun 2022Past
Pramod AbcsddDirector17 Aug 2016Past
Pramod AbcsddDirector24 Sep 2014Past

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Financial Performance of Midas Agrofoods.

Midas Agrofoods Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.29% increase. The company also saw a substantial improvement in profitability, with a 154% increase in profit. The company's net worth Soared by an impressive increase of 15.76%.

Midas Agrofoods revenue growth over time
Midas Agrofoods profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
36.29%
Revenue from Operations
36.25%
Total Assets
58.62%
Profit or Loss
154.00%
Net Worth
15.76%
EBITDA
96.39%

What is the Ownership and Shareholding Structure of Midas Agrofoods?

In 2023, Midas Agrofoods had a promoter holding of 88.84% and a public holding of 11.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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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

DateLenderAmountStatus
26 Mar 2024Sidbi₹1.93 CrOpen
24 Feb 2024Others₹29.98 CrOpen
24 Oct 2023Others₹66.07 CrOpen
30 Aug 2016State Bank Of India₹78.12 CrOpen
09 Nov 2021State Bank Of India₹4.12 CrSatisfied

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How Many Employees Work at Midas Agrofoods?

Midas Agrofoods has a workforce of 10 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Midas Agrofoods Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midas Agrofoods, 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 Midas Agrofoods's trajectory.

Rating

Graph displaying rating trends over time

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.

Alerts

Alert Indicator

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Latest Updates, News, and FAQs on Midas Agrofoods

Recent Activity within the Organization

  • Charges

    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 recorded as a recent event.

  • Charges

    The activity 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 completed.

  • Director Appointment

    The activity 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 22 days . was completed.

  • Annual General Meeting

    Progress on Midas Agrofoods Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    The activity A charge registered on 09 Nov 2021 via Charge ID 100498233 with State Bank Of India was fully satisfied on 05 Jul 2024. was completed.

  • Charges

    Progress on A charge registered on 04 Sep 2020 via Charge ID 100378495 with State Bank Of India was fully satisfied on 05 Jul 2024. was documented.

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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