Midas Homes Private Limited
About Midas Homes Private Limited
Data last updated:
Midas Homes Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 03 June 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U55101TN1996PTC035642. Its GSTIN is 33AAACE2619L2ZS (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.01 Lakh. It was formerly known as Midas Homes Limited. It is led by directors including Madhavan Pillai Shashidharan (Managing Director) and Padmaja Shashi.
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.Ah – 55 New No.Ah – 42 Ground Floor – B 5th Street Anna Nagar, Chennai, Tamil Nadu, India – 600040.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.82 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹13 Lakh (net margin 7.2%) and EBITDA of ₹17.23 Lakh (EBITDA margin 9.5%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹7.88 Lakh on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Midas Homes has one previous CIN (Corporate Identification Number): U55101TN1996PLC035642. The current CIN is U55101TN1996PTC035642, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101TN1996PTC035642 | Current |
| U55101TN1996PLC035642 | Previous |
Contact details
Midas Homes Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.Ah – 55 New No.Ah – 42 Ground Floor – B 5th Street Anna Nagar, Chennai, Tamil Nadu, India – 600040
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Midas Homes 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 activities of Midas Homes are construction and arts, entertainment and recreation. In detail, this covers buildings and creative, arts and entertainment activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | |
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities |
To see the full business activity and turnover split of Midas Homes Private Limited, buy the company report.
Financials of Midas Homes Private Limited
FY 2025 filings availableMidas Homes Private Limited reported revenue of ₹1.82 Cr (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 33% fall in the latest year. EBITDA rose 174% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹17.23 Lakh | ||||
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| Net Profit (PAT) | ₹13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | 7.2% | ||||
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To see the full financial statements and ratios of Midas Homes Private Limited, buy the company report.
Board of directors of Midas Homes Private Limited
Midas Homes has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmaja Shashi Also directs: K G M Property Builders LLP, Earphoria Entertainment LLP, KGM Arwin Estate LLP and 2 more | Director | 25 Aug 2017 | 9 Years 2 Months | Current |
| Ashwin Shashi Also directs: Earphoria Entertainment LLP | Director | 10 Jul 2025 | 1 Years 3 Months | Current |
| Madhavan Pillai Shashidharan Also directs: KGM Properties LLP, K G M Property Builders LLP, Earphoria Entertainment LLP and 5 more | Managing Director | 03 Jun 1996 | 30 Years 4 Months | Current |
Peer comparison
Midas Homes Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jodge Infra (India) Private Limited | ₹1.82 Cr (FY 2023) | -40.0% | Hosur, Tamil Nadu, India | |||
| Oha Properties Private Limited | ₹1.82 Cr (FY 2024) | 3389.0% | Hyderabad, Telangana, India | |||
| Midas Homes Private Limitedthis company | ₹1.82 Cr (FY 2025) | ₹13 Lakh | 7.2% | -33.0% | Chennai, Tamil Nadu, India | |
| Zestha Developers Limited | ₹1.82 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India | |||
| Saint Kabir Constech Private Limited | ₹1.82 Cr (FY 2024) | 9.0% | Delhi, India |
To see the full peer comparison of Midas Homes Private Limited, buy the company report.
Auditor
Midas Homes Private Limited is audited by M R RAMACHANDRAN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R RAMACHANDRAN & CO | FY 2018 | 002873S |
Shareholding
The shareholding of Midas Homes Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Midas Homes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2021 | 100519369 | Hdfc Bank Limited | ₹7.88 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Midas Homes Private Limited has 8 court cases on record: 1 filed by Midas Homes, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company | Disposed |
| Madras High Court | Appeal | Filed against the company | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Disposed |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Midas Homes 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 Homes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midas Homes has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACE2619L2ZS | Tamil Nadu | Active | 31 Dec 2019 |
To see the full GST registrations and return filing status of Midas Homes Private Limited, buy the company report.
Recent activity
Midas Homes Private Limited has 8 board changes on record since 1996: 3 appointments and 5 cessations. The latest: Ashwin Shashi was appointed as Director on 10 Jul 2025.
Frequently asked questions
Midas Homes is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 03 June 1996 (30+ years old) and is registered under CIN U55101TN1996PTC035642.
Midas Homes has 3 current directors:
- Madhavan Pillai Shashidharan - Managing Director
- Padmaja Shashi - Director
- Ashwin Shashi - Director
The latest financial statements of Midas Homes on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Homes is 33AAACE2619L2ZS, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Midas Homes is U55101TN1996PTC035642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Homes has 8 court cases on record: 1 filed by the company and 7 filed against it. Most are in the district courts.
Midas Homes was incorporated on 03 June 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Midas Homes by revenue are Jodge Infra (India) Private Limited, Oha Properties Private Limited, Zestha Developers Limited, Saint Kabir Constech Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ashwin Shashi was appointed as Director on 10 Jul 2025. Madhavan Pillai Shashidharan ceased to be Managing Director on 31 Mar 2019. Ashwin Shashi ceased to be Whole-Time Director on 11 Nov 2017. Midas Homes has 8 board changes on record in total.
The registered office of Midas Homes is at No.Ah – 55 New No.Ah – 42 Ground Floor – B 5th Street Anna Nagar, Chennai, Tamil Nadu, India – 600040.
Midas Homes operates in the real estate and construction industry, in the real estate builders and developers segment.