MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-10-0010768
Midas Impex Private Limited - agriculture in Jamnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹41.12 Cr
▲ 84% YoY
Net profit · FY 2025
₹29.26 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹44.17 Lakh
EBITDA margin 1.1%
Authorised capital
₹21 Lakh
Registered with MCA
Paid-up capital
₹4.14 Lakh
Issued & subscribed
Open charges
₹4.98 Cr
Satisfied ₹2.15 Cr
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings
About Midas Impex Private Limited
Data last updated:
Midas Impex Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 19 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51109GJ2008PTC055473. Its GSTIN is 24AAFCM8403R1Z1 (Gujarat).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹4.14 Lakh. It is led by directors including Jay Ramanbhai Morzaria and Kush Ramanbhai Morzaria.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vraj 1 Stflooropp.Hotelpresident Limdalanecorner, Jamnagar, Gujarat, India – 361001.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.12 Cr, a growth of 84% compared to the previous year. For the same year it recorded a net profit of ₹29.26 Lakh (net margin 0.7%) and EBITDA of ₹44.17 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹4.98 Cr and satisfied charges of ₹2.15 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending.
Midas Impex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-10-0010768). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midasimpex.com.
Company details
CIN U51109GJ2008PTC055473
Registration Number 055473
Incorporation Date 19 November 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-10-0010768
Key People
Jay Ramanbhai Morzaria Director Kush Ramanbhai Morzaria Director Raman Pragjibhai Morzaria Director Recognitions & Rankings of Midas Impex
Contact details
Midas Impex Private Limited's registered office is in Jamnagar, Gujarat. Its website is midasimpex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVraj 1 Stflooropp.Hotelpresident Limdalanecorner, Jamnagar, Gujarat, India – 361001
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Midas Impex Private Limited, buy the company report.
Comprehensive company report
Midas Impex Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Midas Impex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Midas Impex Private Limited, buy the company report.
Financials of Midas Impex Private Limited
FY 2024 filings availableMidas Impex Private Limited reported revenue of ₹41.12 Cr (up 84% YoY) for FY 2025.
Revenue · FY 2025
₹41.12 Cr ▲ 84%
Net profit · FY 2025
₹29.26 Lakh margin 0.7%
EBITDA · FY 2025
₹44.17 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 14%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 298%
3 years · compounded
▲ 33%
5 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 84% growth in the latest year. EBITDA rose 298% 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 |
|---|---|---|---|---|---|
| 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 | ₹44.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.26 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Midas Impex Private Limited, buy the company report.
Board of directors of Midas Impex Private Limited
Midas Impex has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Ramanbhai Morzaria Also directs: Karnavati Finance Limited, Brev Private Limited, Vraj Construction Private Limited and 5 more | Director | 19 Nov 2008 | 17 Years 11 Months | Current |
| Kush Ramanbhai Morzaria Also directs: Vrajlegacy Infratech Private Limited, Vraj Karan Real Estate Developers Private Limited, Brev Private Limited and 5 more | Director | 01 Feb 2020 | 6 Years 9 Months | Current |
| Raman Pragjibhai Morzaria Also directs: Karnavati Finance Limited, Vrajlegacy Infratech Private Limited, Vraj Karan Real Estate Developers Private Limited and 2 more | Director | 19 Nov 2008 | 17 Years 11 Months | Current |
Peer comparison
Midas Impex Private Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Agro Retail and Distribution, Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iris Impulse India Private Limited | ₹41.25 Cr (FY 2024) | 27.0% | Gandhidham, Gujarat, India | |||
| Ratan Coal Suppliers Private Limited | ₹41.17 Cr (FY 2025) | -25.0% | Nirsha, Jharkhand, India | |||
| Vedant Fertilizers (India) Private Limited | ₹41.13 Cr (FY 2025) | 58.0% | Ahmednagar, Maharashtra, India | |||
| Araku Originals Private Limited | ₹41.12 Cr (FY 2025) | 39.0% | Mumbai, Maharashtra, India | |||
| Lucky Sales Promotion Pvt Ltd | ₹41.12 Cr (FY 2023) | 57.0% | Kolkata, West Bengal, India | |||
| Midas Impex Private Limitedthis company | ₹41.12 Cr (FY 2025) | ₹29.26 Lakh | 0.7% | 84.0% | Jamnagar, Gujarat, India | |
| Aadi Agro Ventures Private Limited | ₹40.99 Cr (FY 2024) | 5.0% | Belgaum, Karnataka, India | |||
| Marica Agronomics Private Limited | ₹40.93 Cr (FY 2025) | 29.0% | Noida, Uttar Pradesh, India | |||
| Seaconvert Private Limited | ₹40.92 Cr (FY 2025) | -40.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Midas Impex Private Limited, buy the company report.
Auditor
Midas Impex Private Limited is audited by Raichura & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raichura & Co. | FY 2023 | 126105W |
Shareholding
The shareholding of Midas Impex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Impex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.98 Cr
Satisfied charges
₹2.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2021 | 100449806 | Others | ₹4.98 Cr | Open | |
| 27 Jun 2019 | 100274557 | Others | ₹2.15 Cr | Satisfied |
To see the full charge records of Midas Impex Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Midas Impex Private Limited has 9 court cases on record: 3 filed by Midas Impex, 6 filed against it. 1 case is pending and 8 are disposed.
Total cases
9
Filed by the company
3
Filed against the company
6
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 6 | 0 |
| District courts | 3 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jamnagar, Gujarat | Criminal complaint | Filed by the company against Prince SWR Systems Pvt. Ltd. and 1 other | Disposed |
| District court, Jamnagar, Gujarat | Criminal complaint | Filed by the company against Balaji Industries Through L J Chauhan | Pending |
| District court, Jamnagar, Gujarat | Court case (CR EN) | Filed by the company against Balaji Industries Through L J Chauhan | Disposed |
| NCLAT, Court III | Tribunal matter | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Midas Impex 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.
Credit ratings & regulatory alerts
Midas Impex Private Limited was last rated by Brickwork on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Midas Impex Private Limited, buy the company report.
MSME payment delays
Midas Impex Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SGL Resources Limited |
To see the full MSME payment records of Midas Impex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Midas Impex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM8403R1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Impex Private Limited, buy the company report.
Recent activity
Midas Impex Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Kush Ramanbhai Morzaria was appointed as Director on 01 Feb 2020.
AGM
Midas Impex Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Midas Impex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 27 Jun 2019 via Charge ID 100274557 with Others was fully satisfied on 04 Jun 2021.
Charges
A charge with Others amounted to Rs. 498.00 Lakh with Charge ID 100449806 was registered on 17 May 2021.
Appointed
Kush Ramanbhai Morzaria was appointed as Director.
Charges
A charge with Others amounted to Rs. 215.00 Lakh with Charge ID 100274557 was registered on 27 Jun 2019.
Ceased
Jitendra Vinod Morzaria ceased to be Director.
Appointed
Jay Ramanbhai Morzaria was appointed as Director.
Appointed
Raman Pragjibhai Morzaria was appointed as Director.
Incorporation
19 Nov 2008
Midas Impex Private Limited was registered on 19 Nov 2008 with Roc Ahmedabad & aged 17 years 11 months as per MCA records.
Frequently asked questions
Midas Impex is an active private limited company based in Jamnagar, Gujarat, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 19 November 2008 (18+ years old) and is registered under CIN U51109GJ2008PTC055473.
Midas Impex has 3 current directors:
- Jay Ramanbhai Morzaria - Director
- Kush Ramanbhai Morzaria - Director
- Raman Pragjibhai Morzaria - Director
The latest financial statements of Midas Impex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Impex is 24AAFCM8403R1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Midas Impex is U51109GJ2008PTC055473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Impex has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the nclat.
Midas Impex was incorporated on 19 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Midas Impex by revenue are Iris Impulse India Private Limited, Ratan Coal Suppliers Private Limited, Vedant Fertilizers (India) Private Limited, Araku Originals Private Limited, Lucky Sales Promotion Pvt Ltd and 3 more, all in the Metals and Minerals industry (Agro Retail and Distribution, Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Kush Ramanbhai Morzaria was appointed as Director on 01 Feb 2020. Jitendra Vinod Morzaria ceased to be Director on 01 Sep 2009. Jay Ramanbhai Morzaria was appointed as Director on 19 Nov 2008. Midas Impex has 4 board changes on record in total.
Yes, Midas Impex is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-10-0010768).
Midas Impex has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 01 May 2024.
Midas Impex can be reached through the website midasimpex.com. Its registered office is in Jamnagar, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages