Midas Chemicals Pvt Ltd
About Midas Chemicals Pvt Ltd
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Midas Chemicals Pvt Ltd is a private limited company based in Gwalior, Madhya Pradesh, India. It operates in the medicinal chemical and botanical products segment of the chemicals sector. It was incorporated on 20 May 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U00242MP1985PTC002870. Its GSTIN is 23AAHCM2425R1Z7 (Madhya Pradesh).
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Shubhra Maheshwari and Sudha Maheshwari.
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 M – 22 Madhav Nagar, Gwalior, Madhya Pradesh, India – 474001.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.05 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹11,245 (net margin 0.7%) and EBITDA of ₹16,689 (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 9% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Midas Chemicals Pvt Ltd's registered office is in Gwalior, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressM – 22 Madhav Nagar, Gwalior, Madhya Pradesh, India – 474001
- IndustryChemicals, Medicinal Chemical & Botanical Products, Pharmaceuticals, Chemical Products
To see the full contact details of Midas Chemicals Pvt Ltd, 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 Midas Chemicals is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Midas Chemicals Pvt Ltd, buy the company report.
Financials of Midas Chemicals Pvt Ltd
FY 2024 filings availableMidas Chemicals Pvt Ltd reported revenue of ₹15.05 Lakh (down 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹16,689 | ||||
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| Net Profit (PAT) | ₹11,245 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Midas Chemicals Pvt Ltd, buy the company report.
Board of directors of Midas Chemicals Pvt Ltd
Midas Chemicals has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubhra Maheshwari | Director | 10 Nov 2020 | 5 Years 11 Months | Current |
| Sudha Maheshwari | Director | 16 Sep 1998 | 28 Years 1 Months | Current |
| Rupendra Maheshwari | Director | 11 Aug 1986 | 40 Years 2 Months | Current |
Peer comparison
Midas Chemicals Pvt Ltd is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sargam Associates Pvt Ltd | ₹15.06 Lakh (FY 2025) | 232.0% | Assam, India | |||
| Kalysta Pharmaceuticals Private Limited | ₹15.06 Lakh (FY 2018) | Mumbai, Maharashtra, India | ||||
| Maabalasati Textile Private Limited | ₹15.06 Lakh (FY 2020) | Bhilwara, Rajasthan, India | ||||
| Q-First Products Private Limited | ₹15.05 Lakh (FY 2022) | -93.0% | Vadodara, Gujarat, India | |||
| Amvi Engineering Private Limited | ₹15.05 Lakh (FY 2024) | -92.0% | Lucknow, Uttar Pradesh, India | |||
| Midas Chemicals Pvt Ltdthis company | ₹15.05 Lakh (FY 2024) | ₹11,245 | 0.7% | -49.0% | Gwalior, Madhya Pradesh, India | |
| Ksa Pharmaceutical Private Limited | ₹15.05 Lakh (FY 2025) | -13.0% | Madhubani, Bihar, India | |||
| Paxmove Pharmaceutical Private Limited | ₹15.05 Lakh (FY 2025) | 10.0% | Bareilly, Uttar Pradesh, India | |||
| Shivom Alloys Tradelink Private Limited | ₹15.05 Lakh (FY 2025) | -79.0% | Rajkot, Gujarat, India | |||
| Oatmi Healthcare Private Limited | ₹15.05 Lakh (FY 2025) | -21.0% | Nagpur, Maharashtra, India | |||
| Bagahan Energy Private Limited | ₹15.05 Lakh (FY 2019) | Gorakhpur, Uttar Pradesh, India |
To see the full peer comparison of Midas Chemicals Pvt Ltd, buy the company report.
Auditor
Midas Chemicals Pvt Ltd is audited by PRAMOD K. SHARMA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAMOD K. SHARMA & CO. | FY 2017 | 007857C |
Shareholding
The shareholding of Midas Chemicals Pvt Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Midas Chemicals Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Midas Chemicals Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Midas Chemicals Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midas Chemicals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCM2425R1Z7 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Chemicals Pvt Ltd, buy the company report.
Recent activity
Midas Chemicals Pvt Ltd has 4 board changes on record since 1986: 3 appointments and 1 cessation. The latest: Shubhra Maheshwari was appointed as Director on 10 Nov 2020.
Frequently asked questions
Midas Chemicals is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in medicinal chemical and botanical products, within the chemicals industry. It was incorporated on 20 May 1985 (41+ years old) and is registered under CIN U00242MP1985PTC002870.
Midas Chemicals has 3 current directors:
- Shubhra Maheshwari - Director
- Sudha Maheshwari - Director
- Rupendra Maheshwari - Director
The latest financial statements of Midas Chemicals 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 Midas Chemicals is 23AAHCM2425R1Z7, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Midas Chemicals is U00242MP1985PTC002870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Chemicals was incorporated on 20 May 1985, making it 41+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Midas Chemicals by revenue are Sargam Associates Pvt Ltd, Kalysta Pharmaceuticals Private Limited, Maabalasati Textile Private Limited, Q-First Products Private Limited, Amvi Engineering Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Shubhra Maheshwari was appointed as Director on 10 Nov 2020. Madan Lal Maheshwari ceased to be Director on 19 Nov 2018. Sudha Maheshwari was appointed as Director on 16 Sep 1998. Midas Chemicals has 4 board changes on record in total.
The registered office of Midas Chemicals is at M – 22 Madhav Nagar, Gwalior, Madhya Pradesh, India – 474001.
Midas Chemicals operates in the chemicals industry, in the medicinal chemical and botanical products segment.
The compliance status of Midas Chemicals is compliant as of 14 September 2026. The company is actively filing with the Registrar of Companies.
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