About Midas Communication Technologies Private Limited
Data last updated:
Midas Communication Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the telecom network support segment of the telecommunications sector. It was incorporated on 12 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U30007TN1994PTC027281. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹97.09 Cr. It is led by directors Rene Abraham and Shirish Bhalchandra Purohit.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at No. 1 Nesamani Street Thanthai Periyar Nagar Kaiveli Pallikaranai, Chennai, Tamil Nadu, India – 600100.
As per MCA filings, the company has open charges of ₹73.05 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹97.66 Cr; the latest was in May 2009.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website midascomm.com.
Company details
Contact details
Midas Communication Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is midascomm.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 1 Nesamani Street Thanthai Periyar Nagar Kaiveli Pallikaranai, Chennai, Tamil Nadu, India – 600100
- IndustryTelecom, Telecom Network Support
To see the full contact details of Midas Communication Technologies 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 Midas Communication Technologies is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Midas Communication Technologies Private Limited, buy the company report.
Financials of Midas Communication Technologies Private Limited
FY 2016 filings availableFinancial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ||
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ||
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Midas Communication Technologies Private Limited, buy the company report.
Board of directors of Midas Communication Technologies Private Limited
Midas Communication Technologies has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rene Abraham | Director | 12 Apr 1994 | 32 Years 6 Months | Current |
| Shirish Bhalchandra Purohit | Director | 12 Apr 1994 | 32 Years 6 Months | Current |
Auditor
Midas Communication Technologies Private Limited is audited by SIVASUBRAMANIAN & RAO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SIVASUBRAMANIAN & RAO | FY 2016 | 003904S |
Shareholding
The shareholding of Midas Communication Technologies Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Midas Communication Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2007 | 10082758 | Axis Bank Limited | ₹4.75 Cr | Open | |
| 21 Feb 2007 | 10043418 | Uti Bank Limited | ₹8.5 Cr | Open | |
| 15 Dec 2006 | 10029732 | Uti Bank Limited | ₹4 Cr | Open | |
| 11 Feb 2006 | 80058950 | State Bank of Bikaner and Jaipur | ₹10 Cr | Open | |
| 28 Feb 2005 | 80025433 | Uti Bank Limited | ₹15 Cr | Open |
To see the full charge records of Midas Communication Technologies Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Midas Communication Technologies Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹97.66 Cr; the latest was in May 2009.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2009 | Secondary share transfer | Undisclosed | Buyer: Argonaut Private Equity Seller: Sanron Management Services Private Limited |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Sanron Management Services Private Limited Seller: Argonaut Private Equity |
| Jul 2007 | Funding round | ₹14.18 Cr | Investors: Argonaut Private Equity, Emergic Venture Capital |
| Oct 2006 | Funding round | ₹49.89 Cr | Investors: Argonaut Private Equity, Emergic Venture Capital, Midas Prosperity Foundation |
To see the full deal history of Midas Communication Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Midas Communication Technologies Private Limited has 8 court cases on record: 6 filed by Midas Communication Technologies, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| District courts | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (CRL OP) | Filed by the company against Gemini Communication Limited and 1 other | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
| District court, South, Delhi | Arbitration matter | Filed against the company by an individual | Disposed |
To see the full case history of Midas Communication Technologies 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 Communication Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midas Communication Technologies has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Midas Communication Technologies Private Limited, buy the company report.
Recent activity
Midas Communication Technologies Private Limited has 12 board changes on record since 1994: 2 appointments and 10 cessations. The latest: Anil Kevin Khatod ceased to be Director on 07 Aug 2009.
15 earlier events are in the company report.
Frequently asked questions
Midas Communication Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in telecom network support, within the telecom industry. It was incorporated on 12 April 1994 (32+ years old) and is registered under CIN U30007TN1994PTC027281.
Midas Communication Technologies has 2 current directors:
- Rene Abraham - Director
- Shirish Bhalchandra Purohit - Director
The latest financial statements of Midas Communication Technologies on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Midas Communication Technologies has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Midas Communication Technologies is U30007TN1994PTC027281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Communication Technologies has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
Midas Communication Technologies was incorporated on 12 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Midas Communication Technologies has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹97.66 Cr; the latest was in May 2009.
Anil Kevin Khatod ceased to be Director on 07 Aug 2009. Martin Jason Scott ceased to be Director on 07 Aug 2009. Rajesh Chandanmal Jain ceased to be Director on 07 Aug 2009. Midas Communication Technologies has 12 board changes on record in total.
Midas Communication Technologies can be reached through the website midascomm.com. Its registered office is in Chennai, Tamil Nadu, India.