Midas Electricals Private Limited - Company Profile

It is a consumer electronics & durables private limited company based in Choolai, Tamil Nadu, India, established in 2010.
2010 Choolai, Tamil Nadu, India Active
Last Updated:
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About Midas Electricals Private Limited

Midas Electricals Private Limited, a active private limited company, was established on 02 September 2010 in Choolai, Tamil Nadu, India. Engaging in electronic appliances retail & distribution within the trade sector, it holds CIN: U31900TN2010PTC077200. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹5.50 M and a paid-up capital of ₹4.23 M.

Formerly known as Southern Home Automation Private Limited. It upholds a compliant status. Employing 12 professional, Its leadership includes Kunal Chowdhari (Director), Mahendra Chowdhari (Director). Past directors included Vikram Chowdhari, Surendra Chowdhari, Manish Chowdhari. It holds ₹31.97 Cr open charges and ₹5.00 M settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at No. 196 D Mellows Road, Choolai, Tamil Nadu, 600112.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U31900TN2010PTC077200

  • Registration Number

    077200

  • Incorporation Date

    02 September 2010

  • Authorized Capital

    ₹5.50 M

  • Paid-Up Capital

    ₹4.23 M

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.50 M
  • Paid Up Capital ₹ 4.23 M
  • Company Age 15 Year, 6 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 31.97 Cr
  • Satisfied Charges ₹ 5.00 M
  • Revenue Growth **** 91.69%
  • Profit Growth **** 95.65%
  • Ebitda **** 69.10%
  • Net Worth 44.43%
  • Total Assets **** 75.52%
Company report

Midas Electricals Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Midas Electricals 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 Electricals Private Limited?
Current Directors
Name Designation Appointment Date Status
Kunal Chowdhari Director 23 Mar 2012 Current
Mahendra Chowdhari Director 23 Mar 2012 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 31 Aug 2021 Past
Pramod Abcsdd Director 31 Aug 2021 Past
Pramod Abcsdd Director 01 Nov 2015 Past
Pramod Abcsdd Director 01 Nov 2015 Past

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Financial Performance of Midas Electricals.

Midas Electricals Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 91.69% increase. The company also saw a substantial improvement in profitability, with a 95.65% increase in profit. The company's net worth Soared by an impressive increase of 44.43%.

Midas Electricals revenue growth over time
Midas Electricals 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
********
 91.69%
*******
*******
*******
*******
Revenue from Operations
*******
 87.92%
*******
*******
*******
*******
Total Assets
*******
 75.52%
*******
*******
*******
*******
Profit or Loss
*******
 95.65%
*******
*******
*******
*******
Net Worth
*******
 44.43%
*******
*******
*******
*******
EBITDA
*******
 69.10%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Midas Electricals?

In 2023, Midas Electricals had a promoter holding of 81.08% and a public holding of 18.92%. 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

₹319,711,111.24

Satisfied Charges

₹5,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 17.95 Cr
  • Yes Bank Limited : 14.02 Cr
Latest Charge Details
Date Lender Amount Status
26 Feb 2025 Others ₹4.95 Cr Open
08 Apr 2024 Others ₹3.50 Cr Open
29 Mar 2024 Others ₹5.00 Cr Open
18 Nov 2022 Yes Bank Limited ₹7.22 Cr Open
29 Sep 2014 Yes Bank Limited ₹6.80 Cr Open

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How Many Employees Work at Midas Electricals?

Midas Electricals has a workforce of 12 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Electricals, 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 Electricals'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 Electricals
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Midas Electricals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Midas Electricals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 49.50 M with Charge ID 101061152 was registered on 26 Feb 2025. was documented.

  • Charges

    A charge with Others of Rs. 45.00 M registered on 27 Sep 2014 with Charge ID 10566068 was modified on 16 Sep 2024. was recorded as a recent event.

  • Charges

    A charge with Yes Bank Limited of Rs. 72.20 M registered on 18 Nov 2022 with Charge ID 100662029 was modified on 19 Aug 2024. was recorded as a recent event.

  • Charges

    A charge with Yes Bank Limited of Rs. 68.01 M registered on 29 Sep 2014 with Charge ID 10537641 was modified on 16 Aug 2024. was recorded as a recent event.

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

The CIN of Midas Electricals Private Limited is U31900TN2010PTC077200.

Where is Midas Electricals Private Limited headquartered?

Midas Electricals Private Limited is headquartered at No. 196 D Mellows Road, Choolai, Tamil Nadu, 600112.

When was Midas Electricals Private Limited incorporated?

Midas Electricals Private Limited was incorporated on 02 September 2010.

Who are the current directors of Midas Electricals Private Limited?

The current directors of Midas Electricals Private Limited are

What is the primary industry of Midas Electricals Private Limited?

The primary industry of Midas Electricals Private Limited is Trade.

Is Midas Electricals Private Limited a listed company?

Midas Electricals Private Limited is unlisted.

What is the capital structure of Midas Electricals Private Limited?

The authorized capital of Midas Electricals Private Limited is ₹5.50 M, and the paid-up capital is ₹4.23 M.

What is the compliance status of Midas Electricals Private Limited?

The compliance status of Midas Electricals Private Limited is Compliant.

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