MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-DL-03-0017609
Midas IT Services India Private Limited - information technology in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.68 Cr
▼ 15% YoY
Net profit · FY 2024
₹35.03 Lakh
Net margin 2.4%
EBITDA · FY 2024
₹55.69 Lakh
EBITDA margin 3.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹20 Lakh
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
79
Provident fund records
About Midas IT Services India Private Limited
Data last updated:
Midas IT Services India Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2010PTC269642. Its GSTIN is 07AAGCM8716L1Z0 (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Jaibhagwan Yadav and Maninder Singh.
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 L – 42 Mahipalpur Extension Mahipalpur, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.68 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹35.03 Lakh (net margin 2.4%) and EBITDA of ₹55.69 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 12% over five years.
The company has about 79 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Lakh on record.
Midas IT Services India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-DL-03-0017609). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midaswebtech.com.
Company details
CIN U72900DL2010PTC269642
Registration Number 269642
Incorporation Date 27 November 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 MSME
Udyam Registration UDYAM-DL-03-0017609
CIN history
Midas IT Services India has one previous CIN (Corporate Identification Number): U72900HR2010PTC041627. The current CIN is U72900DL2010PTC269642, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900DL2010PTC269642 | Current |
| U72900HR2010PTC041627 | Previous |
Key People
Jaibhagwan Yadav Director Maninder Singh Director Recognitions & Rankings of Midas IT Services India
Contact details
Midas IT Services India Private Limited's registered office is in New Delhi, Delhi. Its website is midaswebtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressL – 42 Mahipalpur Extension Mahipalpur, New Delhi, Delhi, India – 110037
- IndustryInformation Technology, Application Development & Software Solutions, Web Design & Maintenance Services
To see the full contact details of Midas IT Services India Private Limited, buy the company report.
Comprehensive company report
Midas IT Services India 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 IT Services India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Midas IT Services India Private Limited, buy the company report.
Financials of Midas IT Services India Private Limited
FY 2025 filings availableMidas IT Services India Private Limited reported revenue of ₹14.68 Cr (down 15% YoY) for FY 2024.
Revenue · FY 2024
₹14.68 Cr ▼ 15%
Net profit · FY 2024
₹35.03 Lakh margin 2.4%
EBITDA · FY 2024
₹55.69 Lakh margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 8%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 14%
5 years · compounded
▲ 15%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 20% 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 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 | ₹55.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.03 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 2.4% | ||||
| 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 IT Services India Private Limited, buy the company report.
Board of directors of Midas IT Services India Private Limited
Midas IT Services India has 2 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 |
|---|---|---|---|---|
| Jaibhagwan Yadav | Director | 27 Nov 2010 | 15 Years 11 Months | Current |
| Maninder Singh Also directs: SDMJ Securities Private Limited | Director | 27 Nov 2010 | 15 Years 11 Months | Current |
Auditor
Midas IT Services India Private Limited is audited by TSPM & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TSPM & ASSOCIATES LLP | FY 2023 | N500027 |
Shareholding
The shareholding of Midas IT Services India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas IT Services India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2024 | 100998377 | Bank of India | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Midas IT Services India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Midas IT Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas IT Services India Private Limited has a workforce of 79 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
79
Active EPFO establishments
1
Employee growth
-8.14%
GST
Midas IT Services India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCM8716L1Z0 | Delhi | Active | 27 Jul 2017 |
| 06AAGCM8716L1Z2 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas IT Services India Private Limited, buy the company report.
Recent activity
Midas IT Services India Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Dinesh Arora ceased to be Director on 31 Jul 2017.
AGM
Midas It Services India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Midas It Services India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Bank Of India amounted to Rs. 20.00 Lakh with Charge ID 100998377 was registered on 05 Oct 2024.
Ceased
Dinesh Arora ceased to be Director.
Ceased
Sonu Gupta ceased to be Director.
Appointed
Jaibhagwan Yadav was appointed as Director.
Appointed
Maninder Singh was appointed as Director.
Incorporation
27 Nov 2010
Midas It Services India Private Limited was registered on 27 Nov 2010 with Roc Delhi & aged 15 years 11 months as per MCA records.
Frequently asked questions
Midas IT Services India is an active private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 November 2010 (16+ years old) and is registered under CIN U72900DL2010PTC269642.
Midas IT Services India has 2 current directors:
- Jaibhagwan Yadav - Director
- Maninder Singh - Director
The latest financial statements of Midas IT Services India 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 IT Services India is 07AAGCM8716L1Z0, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AAGCM8716L1Z2 (Haryana).
The CIN (Corporate Identification Number) of Midas IT Services India is U72900DL2010PTC269642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas IT Services India was incorporated on 27 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Dinesh Arora ceased to be Director on 31 Jul 2017. Sonu Gupta ceased to be Director on 02 Jan 2015. Jaibhagwan Yadav was appointed as Director on 27 Nov 2010. Midas IT Services India has 4 board changes on record in total.
Yes, Midas IT Services India is registered as an MSME under Udyam registration (number: UDYAM-DL-03-0017609).
Midas IT Services India can be reached through the website midaswebtech.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Midas IT Services India is at L – 42 Mahipalpur Extension Mahipalpur, New Delhi, Delhi, India – 110037.
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