About Midas Business Machines Private Limited
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Midas Business Machines Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 09 October 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U30007MH1992PTC068931. Its GSTIN is 27AABCM8441K1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shalini Sunil Nangrani and Sunil Haresh Nangrani.
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 7 Kartik Complexnew Link Road Andheri (W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹97.71 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.81 Cr (net margin 2.9%) and EBITDA of ₹4.12 Cr (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company is associated with 1 brand: Midas Business Machines. As per MCA filings, the company has open charges of ₹93.25 Lakh on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is 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 midas.net.in.
Company details
Contact details
Midas Business Machines Private Limited's registered office is in Mumbai, Maharashtra. Its website is midas.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7 Kartik Complexnew Link Road Andheri (W), Mumbai, Maharashtra, India – 400053
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Midas Business Machines 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
Brands
Midas Business Machines operates one associated brand: Midas Business Machines. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in IT product trading and repair services for HP and IBM products. | midas.net.in |
Business activity
The main business activity of Midas Business Machines is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Midas Business Machines Private Limited, buy the company report.
Financials of Midas Business Machines Private Limited
FY 2025 filings availableMidas Business Machines Private Limited reported revenue of ₹97.71 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA rose 10% 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 | ₹4.12 Cr | ||||
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| Net Profit (PAT) | ₹2.81 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 4.2% | ||||
| Net Profit Margin | 2.9% | ||||
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To see the full financial statements and ratios of Midas Business Machines Private Limited, buy the company report.
Board of directors of Midas Business Machines Private Limited
Midas Business Machines has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalini Sunil Nangrani | Director | 01 Oct 2000 | 26 Years 1 Months | Current |
| Sunil Haresh Nangrani | Director | 09 Oct 1992 | 34 Years 0 Months | Current |
Auditor
Midas Business Machines Private Limited is audited by GAMI ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAMI ASSOCIATES | FY 2022 | 112153W |
Shareholding
The shareholding of Midas Business Machines Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Business Machines Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2010 | 10211386 | Ing Vysya Bank Limited | ₹93.25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Midas Business Machines Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by I Tek Logics Pvt Ltd | Pending |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by I Tek Logics Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S I-Tek Logics Pvt Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Recovery Appn PGA1) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Disposed |
To see the full case history of Midas Business Machines 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Midas Business Machines Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midas Business Machines has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM8441K1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Business Machines Private Limited, buy the company report.
Recent activity
Midas Business Machines Private Limited has 2 board changes on record since 1992: 2 appointments. The latest: Shalini Sunil Nangrani was appointed as Director on 01 Oct 2000.
Frequently asked questions
Midas Business Machines is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 09 October 1992 (34+ years old) and is registered under CIN U30007MH1992PTC068931.
Midas Business Machines has 2 current directors:
- Shalini Sunil Nangrani - Director
- Sunil Haresh Nangrani - Director
The latest financial statements of Midas Business Machines on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Business Machines is 27AABCM8441K1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Midas Business Machines is U30007MH1992PTC068931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Business Machines has 6 court cases on record: 6 filed against it. 1 is pending.
Midas Business Machines was incorporated on 09 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Shalini Sunil Nangrani was appointed as Director on 01 Oct 2000. Sunil Haresh Nangrani was appointed as Director on 09 Oct 1992.
Midas Business Machines can be reached through the website midas.net.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Midas Business Machines is at 7 Kartik Complexnew Link Road Andheri W, Mumbai, Maharashtra, India – 400053.
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