About Midas Electricals Private Limited
Data last updated:
Midas Electricals Private Limited is a private limited company based in Choolai, Tamil Nadu, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 02 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31900TN2010PTC077200. Its GSTIN is 33AAOCS7691A1Z6 (Tamil Nadu). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹42.28 Lakh. It was formerly known as Southern Home Automation Private Limited. It is led by directors Kunal Chowdhari and Mahendra Chowdhari.
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 No. 196 D Mellows Road, Choolai, Tamil Nadu, India – 600112.
As per the financials filed for FY 2024, the company reported a revenue of ₹67.58 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹60.85 Lakh (net margin 0.9%) and EBITDA of ₹3.12 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 13% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.97 Cr and satisfied charges of ₹50 Lakh on record. Court records list 6 cases involving the company, including 6 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midaselectricals.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 196 D Mellows Road, Choolai, Tamil Nadu, India – 600112
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Midas Electricals Private Limited
The main business activity of Midas Electricals is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Midas Electricals Private Limited FY 2025 filings available
Midas Electricals Private Limited reported revenue of ₹67.58 Cr (up 60% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Midas Electricals Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 60% growth in the latest year. EBITDA rose 70% 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 of Midas Electricals Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.12 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60.85 Lakh | •••• | •••• | •••• | •••• |
| 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 of Midas Electricals Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Midas Electricals are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Midas Electricals Private Limited
Midas Electricals Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Newtech Video Systems Private Limited | ₹68.2 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Hanuman Power Transmission Equipments Private Limited | ₹68.15 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Sundak Solar Solutions Private Limited | ₹67.86 Cr (FY 2025) | •••• | •••• | 380.0% | •••• | Noida, Uttar Pradesh, India |
| Ritika Systems Private Limited | ₹67.58 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
| Tesla Power India Private Limited | ₹67.58 Cr (FY 2024) | •••• | •••• | 93.0% | •••• | Gurgaon, Haryana, India |
| Midas Electricals Private Limited this company | ₹67.58 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Choolai, Tamil Nadu, India |
| Ducati Energia (India) Private Limited | ₹67.26 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Pune, Maharashtra, India |
| Sys Electromac Private Limited | ₹67.26 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Hyderabad, Telangana, India |
| Dudhat Industries Private Limited | ₹66.72 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bakrol, Gujarat, India |
| Alemac Electrical Private Limited | ₹66.64 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Inter Solar Systems Private Limited | ₹66.61 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below Midas Electricals by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Midas Electricals Private Limited
Midas Electricals Private Limited is audited by RAJESH SAMDARIA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESH SAMDARIA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Midas Electricals Private Limited
Midas Electricals has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Chowdhari Also directs: Midas Distributors India Private Limited | Director | 23 Mar 2012 | 14 Years 6 Months | Current |
| Mahendra Chowdhari Also directs: Midas Distributors India Private Limited | Director | 23 Mar 2012 | 14 Years 6 Months | Current |
Ownership and Shareholding of Midas Electricals Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Midas Electricals Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Feb 2025 | Others | ₹4.95 Cr | Open |
| 08 Apr 2024 | Others | ₹3.5 Cr | Open |
| 29 Mar 2024 | Others | ₹5 Cr | Open |
| 18 Nov 2022 | Yes Bank Limited | ₹7.22 Cr | Open |
| 29 Sep 2014 | Yes Bank Limited | ₹6.8 Cr | Open |
Total charge records: 7 View all charges
Legal Cases of Midas Electricals Private Limited
Midas Electricals Private Limited has 6 court cases on record: 6 filed by Midas Electricals. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed by the company against Servotech Power System Limited | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Servotech Power System Limited | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against State Tax Officer (Intelligence) | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against A1. M/S. Velohar India Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Proficient Business Services | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Midas Electricals Private Limited
Midas Electricals Private Limited has a workforce of 12 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Midas Electricals Private Limited
Midas Electricals has one previous CIN (Corporate Identification Number): U52500TN2010PTC077200. The current CIN is U31900TN2010PTC077200, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31900TN2010PTC077200 | Current |
| U52500TN2010PTC077200 | Previous |
Recent Activity on Midas Electricals Private Limited
Midas Electricals Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Surendra Chowdhari ceased to be Director on 31 Aug 2021.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Midas Electricals Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Midas Electricals Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Midas Electricals Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Midas Electricals Private Limited
Midas Electricals has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAOCS7691A1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAOCS7691A1Z0 | Telangana | Active | 01 Jan 2022 |
| 08AAOCS7691A1ZZ | Rajasthan | Active | 21 Feb 2024 |
| 05AAOCS7691A1Z5 | Uttarakhand | Active | 01 Sep 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Midas Electricals Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Midas Electricals Private Limited
Midas Electricals is an active private limited company based in Choolai, Tamil Nadu, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 02 September 2010 (16+ years old) and is registered under CIN U31900TN2010PTC077200.
Midas Electricals reported revenue of ₹67.58 Cr for FY 2024 (up 60% YoY).
Midas Electricals has 2 current directors:
- Kunal Chowdhari - Director
- Mahendra Chowdhari - Director
Midas Electricals reported a net profit of ₹60.85 Lakh (net margin 0.9%) and EBITDA of ₹3.12 Cr (EBITDA margin 4.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Midas Electricals is 52% over three years and 13% over five years. In the latest year (FY 2024) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Midas Electricals is 33AAOCS7691A1Z6, registered in Tamil Nadu. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 36AAOCS7691A1Z0 (Telangana), 08AAOCS7691A1ZZ (Rajasthan), 05AAOCS7691A1Z5 (Uttarakhand).
The CIN (Corporate Identification Number) of Midas Electricals is U31900TN2010PTC077200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Electricals has 6 court cases on record: 6 filed by the company. Most are in the district courts.
Midas Electricals was incorporated on 02 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Midas Electricals by revenue are Newtech Video Systems Private Limited, Hanuman Power Transmission Equipments Private Limited, Sundak Solar Solutions Private Limited, Ritika Systems Private Limited, Tesla Power India Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Surendra Chowdhari ceased to be Director on 31 Aug 2021. Vikram Chowdhari ceased to be Director on 31 Aug 2021. Hastimull Chowdhari ceased to be Director on 01 Nov 2015. Midas Electricals has 6 board changes on record in total.