MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0103251
Midas Metcons Private Limited - agriculture in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹35.36 Cr
▲ 32% YoY
Net profit · FY 2024
₹1.43 Cr
Net margin 4%
EBITDA · FY 2024
₹4.65 Cr
EBITDA margin 13.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹19.27 Lakh
Issued & subscribed
Open charges
₹47.7 Cr
Satisfied ₹42.15 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
54
Provident fund records
About Midas Metcons Private Limited
Data last updated:
Midas Metcons Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the agricultural support services segment of the agriculture sector. It was incorporated on 14 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28930GJ2015PTC085364. Its GSTIN is 24AAKCM0791R1ZT (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹19.27 Lakh. It is led by directors Gayak Natvarlal Patel and Purshottambhai Bhagabhai Patel.
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 Block No:97 Opposite Khodiyar Temple Sarkhej Bavla Highway Vasna Chacharwadi, Ahmedabad, Gujarat, India – 382213.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.36 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹1.43 Cr (net margin 4%) and EBITDA of ₹4.65 Cr (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 21% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹47.7 Cr and satisfied charges of ₹42.15 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Midas Metcons Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0103251). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midasmetcons.com.
Company details
CIN U28930GJ2015PTC085364
Registration Number 085364
Incorporation Date 14 December 2015
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-01-0103251
Recognitions & Rankings of Midas Metcons
Contact details
Midas Metcons Private Limited's registered office is in Ahmedabad, Gujarat. Its website is midasmetcons.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No:97 Opposite Khodiyar Temple Sarkhej Bavla Highway Vasna Chacharwadi, Ahmedabad, Gujarat, India – 382213
- IndustryAgriculture, Agricultural Support Services, Hunting
To see the full contact details of Midas Metcons Private Limited, buy the company report.
Comprehensive company report
Midas Metcons 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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Business activity
The main business activities of Midas Metcons are manufacturing and agriculture, forestry, fishing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and support activities to agriculture and other activities including hunting. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Midas Metcons Private Limited, buy the company report.
Financials of Midas Metcons Private Limited
FY 2024 filings availableMidas Metcons Private Limited reported revenue of ₹35.36 Cr (up 32% YoY) for FY 2024.
Revenue · FY 2024
₹35.36 Cr ▲ 32%
Net profit · FY 2024
₹1.43 Cr margin 4%
EBITDA · FY 2024
₹4.65 Cr margin 13.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 23%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 15%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 32% growth in the latest year. EBITDA rose 13% 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 |
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| Total Expenses | |||||
| EBITDA | ₹4.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.43 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Midas Metcons Private Limited, buy the company report.
Board of directors of Midas Metcons Private Limited
Midas Metcons 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 |
|---|---|---|---|---|
| Gayak Natvarlal Patel | Director | 30 Nov 2018 | 7 Years 11 Months | Current |
| Purshottambhai Bhagabhai Patel | Director | 14 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Midas Metcons Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Industrial Products Manufacturers, Railway Equipment and Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Blastclean Systems Private Limited | ₹35.45 Cr (FY 2025) | 65.0% | Mumbai, Maharashtra, India | |||
| Nirmal Overseas Private Limited | ₹35.4 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Midas Metcons Private Limitedthis company | ₹35.36 Cr (FY 2024) | ₹1.43 Cr | 4% | 32.0% | 54 | Ahmedabad, Gujarat, India |
| Faridabad Control Electricals Pvt Ltd | ₹35.14 Cr (FY 2025) | 1.0% | Faridabad, Haryana, India |
To see the full peer comparison of Midas Metcons Private Limited, buy the company report.
Auditor
Midas Metcons Private Limited is audited by SURANA MALOO & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURANA MALOO & CO | FY 2022 | 112171W |
Shareholding
The shareholding of Midas Metcons 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 Metcons Private Limited, buy the company report.
Charges & borrowings
Open charges
₹47.7 Cr
Satisfied charges
₹42.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Feb 2022 | 100540152 | The Kalupur Commercial Co-Operative Bank Limited | ₹23.78 Cr | Open | |
| 02 Dec 2021 | 100520478 | The Kalupur Commercial Co-Operative Bank Limited | ₹23.92 Cr | Open | |
| 02 Dec 2021 | 100520474 | The Kalupur Commercial Co-Operative Bank Limited | ₹2 Cr | Satisfied | |
| 24 Sep 2019 | 100294701 | State Bank of India | ₹18.08 Cr | Satisfied | |
| 23 Sep 2019 | 100294699 | State Bank of India | ₹18.08 Cr | Satisfied |
To see the full charge records of Midas Metcons Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Midas Metcons Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Krishna Trading Company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Midas Metcons 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 Metcons Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Metcons Private Limited has a workforce of 54 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
54
Active EPFO establishments
1
Employee growth
-8.47%
GST
Midas Metcons has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM0791R1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Metcons Private Limited, buy the company report.
Recent activity
Midas Metcons Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Gayak Natvarlal Patel was appointed as Director on 30 Nov 2018.
AGM
Midas Metcons Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Midas Metcons Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited of Rs. 2,378.24 Lakh registered on 11 Feb 2022 with Charge ID 100540152 was modified on 12 Jan 2024.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited of Rs. 2,392.00 Lakh registered on 02 Dec 2021 with Charge ID 100520478 was modified on 12 Jan 2024.
Charges
A charge registered on 31 Mar 2018 via Charge ID 100173390 with Others was fully satisfied on 02 Mar 2022.
Charges
A charge registered on 02 Dec 2021 via Charge ID 100520474 with The Kalupur Commercial Co-Operative Bank Limited was fully satisfied on 16 Feb 2022.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 2,378.24 Lakh with Charge ID 100540152 was registered on 11 Feb 2022.
Charges
A charge registered on 24 Sep 2019 via Charge ID 100294701 with State Bank Of India was fully satisfied on 12 Jan 2022.
Charges
A charge registered on 23 Sep 2019 via Charge ID 100294699 with State Bank Of India was fully satisfied on 12 Jan 2022.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 100520474 was registered on 02 Dec 2021.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 2,392.00 Lakh with Charge ID 100520478 was registered on 02 Dec 2021.
Charges
A charge with State Bank Of India of Rs. 1,808.00 Lakh registered on 24 Sep 2019 with Charge ID 100294701 was modified on 27 Oct 2020.
8 earlier events are in the company report.
Frequently asked questions
Midas Metcons is an active private limited company based in Ahmedabad, Gujarat, India. The company works in agricultural support services, within the agriculture industry. It was incorporated on 14 December 2015 (11+ years old) and is registered under CIN U28930GJ2015PTC085364.
Midas Metcons has 2 current directors:
- Gayak Natvarlal Patel - Director
- Purshottambhai Bhagabhai Patel - Director
The latest financial statements of Midas Metcons 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 FY 2016 are in the company report.
The GSTIN of Midas Metcons is 24AAKCM0791R1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Midas Metcons is U28930GJ2015PTC085364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Metcons has 2 court cases on record: 2 filed against it.
Midas Metcons was incorporated on 14 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Midas Metcons by revenue are Blastclean Systems Private Limited, Nirmal Overseas Private Limited, Faridabad Control Electricals Pvt Ltd, all in the Transport and Logistics industry (Industrial Products Manufacturers, Railway Equipment and Products), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Gayak Natvarlal Patel was appointed as Director on 30 Nov 2018. Punit Shashikant Chauhan ceased to be Director on 30 Nov 2018. Purshottambhai Bhagabhai Patel was appointed as Director on 14 Dec 2015.
Yes, Midas Metcons is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0103251).
Midas Metcons can be reached through the website midasmetcons.com. Its registered office is in Ahmedabad, Gujarat, India.
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