About Midas Petrochem Private Limited
Data last updated: 05 July 2025
Midas Petrochem Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in wholesale distribution, a part of the broader trading and commerce sector. Incorporated on 05 November 2012, the company has been in operation for over 14 years.
Registered with ROC Mumbai under CIN U51103MH2012PTC237557.
Capital: an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.91 Cr. It is led by directors including Hasmukhrai Shantilal Janani and Deepesh Hasmukh Janani.
Last AGM: 30 November 2021. Financial statements filed for year ended 31 March 2021. Office: Office No.109 Avon Arcade Dasharatlal Joshi Road Vile Parle West, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2021, the company reported a revenue of ₹140.87 Cr, a decline of 31% compared to the previous year.
As per MCA filings, the company has open charges of ₹31.01 Cr and satisfied charges of ₹30.8 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is midaspolymers.com.
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Registered AddressOffice No.109 Avon Arcade Dasharatlal Joshi Road Vile Parle West, Mumbai, Maharashtra, India – 400057
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IndustryTrading, Other Wholesale, Wholesale
- Historical Financials and ratios
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Business Activity of Midas Petrochem Private Limited
Midas Petrochem Private Limited is engaged in the principal business activity of trade, with detailed activities including wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Midas Petrochem Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Midas Petrochem Private Limited
Midas Petrochem Private Limited is audited by SELARKA & CO for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SELARKA & CO | Locked | Locked | Locked |
Complete auditor history for Midas Petrochem Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Midas Petrochem Private Limited
Midas Petrochem Private Limited is governed by 3 directors who oversee the company's operations and strategic decisions.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukhrai Shantilal Janani | Director | 05 Nov 2012 | 13 Years 10 Months | As last reported |
| Deepesh Hasmukh Janani | Director | 05 Nov 2012 | 13 Years 10 Months | As last reported |
| Shreyansh Jain | Irp/Rp/Liquidator | 05 Feb 2025 | 1 Years 7 Months | As last reported |
Financials of Midas Petrochem Private Limited FY 2021 filings available
Midas Petrochem Private Limited reported revenue of ₹140.87 Cr (down 31.00% YoY) for FY 2021.
Ten-year financial statements for Midas Petrochem Private Limited
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Ownership and Shareholding of Midas Petrochem Private Limited
Shareholding and ownership data for Midas Petrochem Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Charges & Borrowings of Midas Petrochem Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Sep 2020 | Axis Bank Limited | ₹4.95 Cr | Open |
| 31 Aug 2020 | Others | ₹3.06 Cr | Open |
| 28 Sep 2016 | Axis Bank Limited | ₹23 Cr | Open |
| 29 Jan 2020 | Axis Bank Limited | ₹2 Cr | Satisfied |
| 16 Sep 2019 | Axis Bank Limited | ₹2.3 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Midas Petrochem Private Limited
View historical data on people associated with Midas Petrochem Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Midas Petrochem Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Midas Petrochem Private Limited
GST registrations and filing compliance for Midas Petrochem Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Midas Petrochem Private Limited
Credit ratings, litigation, and regulatory alerts for Midas Petrochem Private Limited
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MSME Payment Delays by Midas Petrochem Private Limited
MSME payment history for Midas Petrochem Private Limited
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Subsidiaries & Group Companies of Midas Petrochem Private Limited
Corporate group structure for Midas Petrochem Private Limited
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MCA Filings & Documents of Midas Petrochem Private Limited
MCA filings and documents for Midas Petrochem Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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- Annual returns and statements
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Recent Activity on Midas Petrochem Private Limited
Frequently Asked Questions about Midas Petrochem Private Limited
Midas Petrochem Private Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Midas Petrochem Private Limited is a company under insolvency, formerly operating as a private limited company in the trading sector based in Mumbai, Maharashtra, India. It was incorporated on 05 November 2012 and is registered under CIN U51103MH2012PTC237557. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Midas Petrochem Private Limited reported revenue of ₹140.87 Cr for FY 2021 (down 31.00% YoY).
The current directors of Midas Petrochem Private Limited are:
- Hasmukhrai Shantilal Janani - Director
- Deepesh Hasmukh Janani - Director
- Shreyansh Jain - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Midas Petrochem Private Limited is U51103MH2012PTC237557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Petrochem Private Limited has open charges of ₹31.01 Cr and satisfied charges of ₹30.8 Cr as per latest MCA filings.