MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-UP-50-0018172
Midas Electronics Private Limited - consumer electronics & durables in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹37.46 Cr
▲ 2% YoY
Net profit · FY 2025
₹24.62 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹1.36 Cr
EBITDA margin 3.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹19.34 Lakh
Issued & subscribed
Open charges
₹55.44 Lakh
Satisfied ₹1 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
53
Provident fund records
About Midas Electronics Private Limited
Data last updated:
Midas Electronics Private Limited is a private limited company based in Delhi, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 11 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31501DL2010PTC199929. Its GSTIN is 10AAGCM4426M1ZK (Bihar). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹19.34 Lakh. It is led by directors including Ankit Agarwal and Sanchit Agarwal.
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 39G Pocket A – 1 Mayur Vihar Ph – III, Delhi, India – 110096.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.46 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹24.62 Lakh (net margin 0.7%) and EBITDA of ₹1.36 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹55.44 Lakh and satisfied charges of ₹1 Cr on record. Court records list 16 cases involving the company, including 14 filed by the company and 2 filed against it; 6 cases are pending.
Midas Electronics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-50-0018172). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midaselectronic.in.
Company Details of Midas Electronics Private Limited
CIN U31501DL2010PTC199929
Registration Number 199929
Incorporation Date 11 March 2010
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-50-0018172
Recognitions & Rankings of Midas Electronics
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address39G Pocket A – 1 Mayur Vihar Ph – III, Delhi, India – 110096
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
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Business Activity of Midas Electronics Private Limited
The main business activity of Midas Electronics 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Midas Electronics Private Limited FY 2025 filings available
Midas Electronics Private Limited reported revenue of ₹37.46 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹37.46 Cr ▲ 2%
Net profit · FY 2025
₹24.62 Lakh margin 0.7%
EBITDA · FY 2025
₹1.36 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR) of Midas Electronics Private Limited
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 5%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 11%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 2% growth in the latest year. EBITDA fell 2% 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 Electronics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24.62 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 Electronics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 Electronics are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Midas Electronics Private Limited
Midas Electronics has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Agarwal Also directs: Me Propertytech Private Limited, Me Technosolutions LLP, Orion Nature Retreat Private Limited and 1 more | Director | 23 Mar 2015 | 11 Years 6 Months | Current |
| Sanchit Agarwal Also directs: Me Propertytech Private Limited | Director | 11 Mar 2010 | 16 Years 7 Months | Current |
| Prateek Agarwal | Director | 23 Mar 2015 | 11 Years 6 Months | Current |
| Ravi Agarwal | Additional Director | 15 Jan 2020 | 6 Years 9 Months | Current |
Peer Comparison of Midas Electronics Private Limited
Midas Electronics 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 |
|---|---|---|---|---|---|---|
| Enertect Vision Technologies Private Limited | ₹38.17 Cr (FY 2024) | •••• | •••• | 107.0% | •••• | Thane, Maharashtra, India |
| Rse India Private Limited | ₹37.99 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Indiana Led Lighting LLP | ₹37.76 Cr (FY 2021) | •••• | •••• | -25.0% | •••• | Pune, Maharashtra, India |
| VN Sunrise Refrigeration Technology Private Limited | ₹37.73 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Faridabad, Haryana, India |
| Augment Simulation India Private Limited | ₹37.53 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| Midas Electronics Private Limited this company | ₹37.46 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Sunshine Powertronics Private Limited | ₹37.24 Cr (FY 2025) | •••• | •••• | 109.0% | •••• | Pune, Maharashtra, India |
| Keec (I) Private Limited | ₹37.17 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Argo Lighting Private Limited | ₹37.13 Cr (FY 2024) | •••• | •••• | -54.0% | •••• | Vasai, Maharashtra, India |
| Blackzone Technologies Private Limited | ₹36.8 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Swastik Motors India Private Limited | ₹36.76 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Midas Electronics 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 Electronics Private Limited
Midas Electronics Private Limited is audited by Mishra N & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mishra N & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Midas Electronics Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Midas Electronics Private Limited
Open charges
₹55.44 Lakh
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2023 | Axis Bank Limited | ₹37.55 Lakh | Open |
| 22 Oct 2020 | Hdfc Bank Limited | ₹17.89 Lakh | Open |
| 28 Oct 2013 | Dena Bank | ₹1 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Midas Electronics Private Limited
Midas Electronics Private Limited has 16 court cases on record: 14 filed by Midas Electronics, 2 filed against it. 6 cases are pending and 10 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Total cases
16
Filed by the company
14
Filed against the company
2
Pending
6
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 2 | 6 |
| Supreme Court | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed by the company against Maya Enterprises Ltd | Pending |
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed by the company against Varanasi Marketing Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed by the company against Countrywide Logistics India Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (PRCPT) | Filed against the company by Countrywide Logistics India Private Limited | Disposed |
| District court, Lucknow, Uttar Pradesh | Criminal miscellaneous application | Filed by the company against Varanasi Marketing Private Limited | Disposed |
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Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Electronics Private Limited
Midas Electronics Private Limited has a workforce of 53 employees as of Apr 08, 2024.
Employee count
53
Active EPFO establishments
1
Employee growth
-14.52%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Midas Electronics Private Limited
Midas Electronics Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Ravi Agarwal was appointed as Additional Director on 15 Jan 2020.
AGM
Midas Electronics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Midas Electronics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.38 Cr with Charge ID 100852153 was registered on 29 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100407258 was registered on 22 Oct 2020.
Appointed
Ravi Agarwal was appointed as Additional Director.
Ceased
Ravi Agarwal ceased to be Director.
Ceased
Renu Agarwal ceased to be Director.
Charges
A charge registered on 28 Oct 2013 via Charge ID 10502923 with Dena Bank was fully satisfied on 28 Feb 2019.
Appointed
Ankit Agarwal was appointed as Director.
Appointed
Prateek Agarwal was appointed as Director.
Charges
A charge with Dena Bank amounted to Rs. 1.00 Cr with Charge ID 10502923 was registered on 28 Oct 2013.
Appointed
Sanchit Agarwal was appointed as Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Midas Electronics Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Midas Electronics Private Limited
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MSME payment history
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Subsidiaries & Group Companies of Midas Electronics Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Midas Electronics Private Limited
Midas Electronics has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AAGCM4426M1ZK | Bihar | Active | 07 Sep 2018 |
| 05AAGCM4426M1ZB | Uttarakhand | Active | 05 Oct 2018 |
| 09AAGCM4426M1Z3 | Uttar Pradesh | Active | 13 Feb 2019 |
| 01AAGCM4426M1ZJ | Jammu and Kashmir | Active | 06 Feb 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Midas Electronics Private Limited
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Frequently Asked Questions about Midas Electronics Private Limited
Midas Electronics is an active private limited company based in Delhi, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 11 March 2010 (16+ years old) and is registered under CIN U31501DL2010PTC199929.
Midas Electronics reported revenue of ₹37.46 Cr for FY 2025 (up 2% YoY).
Midas Electronics has 4 current directors:
- Ankit Agarwal - Director
- Sanchit Agarwal - Director
- Prateek Agarwal - Director
- Ravi Agarwal - Additional Director
Midas Electronics reported a net profit of ₹24.62 Lakh (net margin 0.7%) and EBITDA of ₹1.36 Cr (EBITDA margin 3.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Midas Electronics is 5% over three years and 15% over five years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Midas Electronics is 10AAGCM4426M1ZK, registered in Bihar. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 05AAGCM4426M1ZB (Uttarakhand), 09AAGCM4426M1Z3 (Uttar Pradesh), 01AAGCM4426M1ZJ (Jammu and Kashmir).
The CIN (Corporate Identification Number) of Midas Electronics is U31501DL2010PTC199929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Electronics has 16 court cases on record: 14 filed by the company and 2 filed against it. 6 are pending. Most are in the district courts.
Midas Electronics was incorporated on 11 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Midas Electronics by revenue are Enertect Vision Technologies Private Limited, Rse India Private Limited, Indiana Led Lighting LLP, VN Sunrise Refrigeration Technology Private Limited, Augment Simulation India Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Ravi Agarwal was appointed as Additional Director on 15 Jan 2020. Ravi Agarwal ceased to be Director on 13 May 2019. Renu Agarwal ceased to be Director on 13 May 2019. Midas Electronics has 6 board changes on record in total.