MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0007570
Midas Knits Private Limited
Midas Knits Private Limited - fashion and textile in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹34.44 Cr
▲ 8% YoY
Net profit · FY 2025
₹3.44 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹1.13 Cr
EBITDA margin 3.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2.3 Lakh
Issued & subscribed
Open charges
₹4.6 Cr
Satisfied ₹1.5 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
5
Provident fund records
About Midas Knits Private Limited
Data last updated:
Midas Knits Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 15 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18100PB2005PTC029373. Its GSTIN is 03AAECM8426B1ZW (Punjab).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.3 Lakh. It is led by directors Savita Arora and Raj Arora.
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 738/7A/18 – Manna Singh Nagar Opp. Chand Cinema G.R. Road (West) Ludhiana., Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.44 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹3.44 Lakh (net margin 0.1%) and EBITDA of ₹1.13 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 12% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.6 Cr and satisfied charges of ₹1.5 Cr on record.
Midas Knits Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0007570). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U18100PB2005PTC029373
Registration Number 029373
Incorporation Date 15 December 2005
ROC Chandigarh
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-PB-12-0007570
CIN history
Midas Knits has one previous CIN (Corporate Identification Number): U00265PB2005PTC029373. The current CIN is U18100PB2005PTC029373, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18100PB2005PTC029373 | Current |
| U00265PB2005PTC029373 | Previous |
Key People
Savita Arora Director Raj Arora Director Recognitions & Rankings of Midas Knits
Contact details
Midas Knits Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address738/7A/18 – Manna Singh Nagar Opp. Chand Cinema G.R. Road (West) Ludhiana., Punjab, India
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Midas Knits Private Limited, buy the company report.
Comprehensive company report
Midas Knits 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Midas Knits is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Midas Knits Private Limited, buy the company report.
Financials of Midas Knits Private Limited
FY 2025 filings availableMidas Knits Private Limited reported revenue of ₹34.44 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹34.44 Cr ▲ 8%
Net profit · FY 2025
₹3.44 Lakh margin 0.1%
EBITDA · FY 2025
₹1.13 Cr margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 13%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 14%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 8% growth in the latest year. EBITDA fell 14% 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 | ₹1.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.44 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Midas Knits Private Limited, buy the company report.
Board of directors of Midas Knits Private Limited
Midas Knits has 2 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 |
|---|---|---|---|---|
| Savita Arora | Director | 31 May 2010 | 16 Years 4 Months | Current |
| Raj Arora | Director | 15 Dec 2005 | 20 Years 10 Months | Current |
Peer comparison
Midas Knits Private Limited is compared with the 5 companies closest to it by revenue in the Apparel industry (Branded Wear, Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Compact Spinners India Private Limited | ₹34.5 Cr (FY 2025) | -4.0% | Reddiarchatram, Tamil Nadu, India | |||
| Atam Apparels Private Limited | ₹34.47 Cr (FY 2025) | 57.0% | Parwanoo, Himachal Pradesh, India | |||
| Sheshadri Industries Limited | ₹34.46 Cr (FY 2025) | 20.0% | Secunderabad, Telangana, India | |||
| Nikita Fabtex Private Limited | ₹34.46 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Midas Knits Private Limitedthis company | ₹34.44 Cr (FY 2025) | ₹3.44 Lakh | 0.1% | 8.0% | 5 | Ludhiana, Punjab, India |
| Whitefields Knits Private Limited | ₹34.37 Cr (FY 2024) | -51.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Midas Knits Private Limited, buy the company report.
Auditor
Midas Knits Private Limited is audited by VIVEK KHANNA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEK KHANNA & ASSOCIATES | FY 2019 | 018160N |
Shareholding
The shareholding of Midas Knits Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Midas Knits Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.6 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2016 | 10620351 | Hdfc Bank Limited | ₹4.6 Cr | Open | |
| 31 Dec 2012 | 10398392 | Oriental Bank of Commerce | ₹1.5 Cr | Satisfied |
To see the full charge records of Midas Knits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Midas Knits 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 Knits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Knits Private Limited has a workforce of 5 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
25%
GST
Midas Knits has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECM8426B1ZW | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Knits Private Limited, buy the company report.
Recent activity
Midas Knits Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Anil Kumar ceased to be Director on 31 May 2010.
AGM
Midas Knits Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Midas Knits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 460.00 Lakh registered on 20 Jan 2016 with Charge ID 10620351 was modified on 27 Apr 2022.
Charges
A charge registered on 31 Dec 2012 via Charge ID 10398392 with Oriental Bank Of Commerce was fully satisfied on 02 Aug 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 460.00 Lakh with Charge ID 10620351 was registered on 20 Jan 2016.
Charges
A charge with Oriental Bank Of Commerce of Rs. 150.00 Lakh registered on 31 Dec 2012 with Charge ID 10398392 was modified on 12 Oct 2013.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 150.00 Lakh with Charge ID 10398392 was registered on 31 Dec 2012.
Ceased
Anil Kumar ceased to be Director.
Appointed
Savita Arora was appointed as Director.
Appointed
Raj Arora was appointed as Director.
Incorporation
15 Dec 2005
Midas Knits Private Limited was registered on 15 Dec 2005 with Roc Chandigarh & aged 20 years 10 months as per MCA records.
Frequently asked questions
Midas Knits is an active private limited company based in Ludhiana, Punjab, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 15 December 2005 (21+ years old) and is registered under CIN U18100PB2005PTC029373.
Midas Knits has 2 current directors:
- Savita Arora - Director
- Raj Arora - Director
The latest financial statements of Midas Knits 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 Knits is 03AAECM8426B1ZW, registered in Punjab.
The CIN (Corporate Identification Number) of Midas Knits is U18100PB2005PTC029373. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Knits was incorporated on 15 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Midas Knits by revenue are Compact Spinners India Private Limited, Atam Apparels Private Limited, Sheshadri Industries Limited, Nikita Fabtex Private Limited, Whitefields Knits Private Limited, all in the Apparel industry (Branded Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Anil Kumar ceased to be Director on 31 May 2010. Savita Arora was appointed as Director on 31 May 2010. Raj Arora was appointed as Director on 15 Dec 2005.
Yes, Midas Knits is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0007570).
The registered office of Midas Knits is at 7387A18 – Manna Singh Nagar Opp. Chand Cinema G.R. Road West Ludhiana., Punjab, India.
Midas Knits operates in the fashion and textile industry, in the designer and branded fashion segment.