Midas Communication Technologies Private Limited - Company Profile

It is a telecom private limited company based in Chennai, Tamil Nadu, India, established in 1994.
1994 Chennai, Tamil Nadu, India Active
Last Updated:
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About Midas Communication Technologies Private Limited

Midas Communication Technologies Private Limited, a active private limited company, was established on 12 April 1994 in Chennai, Tamil Nadu, India. Engaging in telecom network support within the information and communication sector, it holds CIN: U30007TN1994PTC027281. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹97.09 Cr.

It upholds a active non-compliant status. Its leadership includes Rene Abraham (Director), Shirish Bhalchandra Purohit (Director). Past directors included Bhaskar Ramamurthi, Prasad Gopalan, Subramaniam Guhan. It holds ₹73.05 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2016, with the balance sheet filed on 31 March 2016. It is based at No. 1, Nesamani Street, Thanthai Periyar Nagar, Kaiveli, Pallikaranai,, Chennai, Tamil Nadu, 600100.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U30007TN1994PTC027281

  • Registration Number

    027281

  • Incorporation Date

    12 April 1994

  • Authorized Capital

    ₹100.00 Cr

  • Paid-Up Capital

    ₹97.09 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 100.00 Cr
  • Paid Up Capital ₹ 97.09 Cr
  • Company Age 31 Year, 10 Months
  • Last Filing with ROC 31 Mar 2016
  • Open Charges ₹ 73.05 Cr
  • Revenue Growth **** %
  • Profit Growth **** -34.51%
  • Ebitda **** -24.01%
  • Net Worth -0.09%
  • Total Assets -1.35%
Company report

Midas Communication Technologies Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Midas Communication Technologies Private 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 Communication Technologies Private Limited?
Current Directors
Name Designation Appointment Date Status
Rene Abraham Director 12 Apr 1994 Current
Shirish Bhalchandra Purohit Director 12 Apr 1994 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 25 May 2007 Past
Pramod Abcsdd Nominee Director 01 Jun 2009 Past
Pramod Abcsdd Director 29 May 2007 Past
Pramod Abcsdd Director 01 Jun 2009 Past
Pramod Abcsdd Director 24 Jul 2007 Past
Pramod Abcsdd Director 07 Aug 2009 Past

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Financial Performance of Midas Communication Technologies.

Midas Communication Technologies Private Limited, for the financial year ended 2016, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 34.51% decrease in profit. The company's net worth dipped by a decrease of 0.09%.

Midas Communication Technologies revenue growth over time
Midas Communication Technologies 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
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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*******
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*******
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Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 -1.35%
*******
*******
*******
*******
Profit or Loss
*******
 -34.51%
*******
*******
*******
*******
Net Worth
*******
 -0.09%
*******
*******
*******
*******
EBITDA
*******
 -24.01%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Midas Communication Technologies?

In 2016, Midas Communication Technologies had a promoter holding of 27.31% and a public holding of 72.69%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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

₹730,500,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Asset Reconstruction Company (India) Limited : 28.75 Cr
  • Uti Bank Limited : 27.50 Cr
  • State Bank Of Bikaner And Jaipur : 10.00 Cr
  • Axis Bank Limited : 4.75 Cr
  • Citibank N.A. : 2.05 Cr
Latest Charge Details
Date Lender Amount Status
19 Nov 2007 Axis Bank Limited ₹4.75 Cr Open
21 Feb 2007 Uti Bank Limited ₹8.50 Cr Open
15 Dec 2006 Uti Bank Limited ₹4.00 Cr Open
11 Feb 2006 State Bank Of Bikaner And Jaipur ₹10.00 Cr Open
28 Feb 2005 Uti Bank Limited ₹15.00 Cr Open

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How Many Employees Work at Midas Communication Technologies?

Unlock and access historical data on people associated with Midas Communication Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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

Gain comprehensive insights into the Deals and Valuation data of Midas Communication Technologies, 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 Communication Technologies'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

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Midas Communication Technologies
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Midas Communication Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2016 as per latest MCA records. was documented.

  • Balance Sheet

    Midas Communication Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2016 with Roc Chennai. was recorded as a recent event.

  • Charges

    The activity A charge with Asset Reconstruction Company (India) Limited of Rs. 10.00 Cr registered on 28 Feb 2005 with Charge ID 90295147 was modified on 28 Mar 2014. was completed.

  • Charges

    A charge with Asset Reconstruction Company (India) Limited of Rs. 14.25 Cr registered on 09 May 2002 with Charge ID 90287727 was modified on 28 Mar 2014. was recorded as a recent event.

  • Charges

    The activity A charge with Asset Reconstruction Company (India) Limited of Rs. 4.50 Cr registered on 09 May 2002 with Charge ID 90294887 was modified on 28 Mar 2014. was completed.

  • Charges

    Progress on A charge with Axis Bank Limited amounted to Rs. 4.75 Cr with Charge ID 10082758 was registered on 19 Nov 2007. was documented.

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Frequently Asked Questions
What is the CIN of Midas Communication Technologies Private Limited?

The CIN of Midas Communication Technologies Private Limited is U30007TN1994PTC027281.

Where is Midas Communication Technologies Private Limited headquartered?

Midas Communication Technologies Private Limited is headquartered at No. 1, Nesamani Street, Thanthai Periyar Nagar, Kaiveli, Pallikaranai,, Chennai, Tamil Nadu, 600100.

When was Midas Communication Technologies Private Limited incorporated?

Midas Communication Technologies Private Limited was incorporated on 12 April 1994.

Who are the current directors of Midas Communication Technologies Private Limited?

The current directors of Midas Communication Technologies Private Limited are

What is the primary industry of Midas Communication Technologies Private Limited?

The primary industry of Midas Communication Technologies Private Limited is Information And Communication.

Is Midas Communication Technologies Private Limited a listed company?

Midas Communication Technologies Private Limited is unlisted.

What is the capital structure of Midas Communication Technologies Private Limited?

The authorized capital of Midas Communication Technologies Private Limited is ₹100.00 Cr, and the paid-up capital is ₹97.09 Cr.

What is the compliance status of Midas Communication Technologies Private Limited?

The compliance status of Midas Communication Technologies Private Limited is Active Non-Compliant.

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