Midas Petrochem Private Limited - Company Profile

It is a trading private limited company based in Mumbai, Maharashtra, India, established in 2012.
2012 Mumbai, Maharashtra, India Under Cirp
Last Updated:
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About Midas Petrochem Private Limited

Midas Petrochem Private Limited, a under cirp private limited company, was established on 05 November 2012 in Mumbai, Maharashtra, India. Engaging in other wholesale within the trade sector, it holds CIN: U51103MH2012PTC237557. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹13.00 Cr and a paid-up capital of ₹12.91 Cr.

It upholds a compliant status. Its leadership includes Hasmukhrai Shantilal Janani (Director), Deepesh Hasmukh Janani (Director), Shreyansh Jain (Irp/Rp/Liquidator). It holds ₹31.01 Cr open charges and ₹30.80 Cr settled loans. Its latest AGM occurred on 30 November 2021, with the balance sheet filed on 31 March 2021. It is based at Office No.109, Avon Arcade Dasharatlal Joshi Road, Vile Parle West, Mumbai, Maharashtra, 400057.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U51103MH2012PTC237557

  • Registration Number

    237557

  • Incorporation Date

    05 November 2012

  • Authorized Capital

    ₹13.00 Cr

  • Paid-Up Capital

    ₹12.91 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Under Cirp

Key Metrics
  • Authorised Capital ₹ 13.00 Cr
  • Paid Up Capital ₹ 12.91 Cr
  • Company Age 13 Year, 3 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 31.01 Cr
  • Satisfied Charges ₹ 30.80 Cr
  • Revenue Growth **** -30.67%
  • Profit Growth **** -873.84%
  • Ebitda **** -99.31%
  • Net Worth -21.53%
  • Total Assets -3.87%
Company report

Midas Petrochem Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Midas Petrochem Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Midas Petrochem Private Limited?
Current Directors
Name Designation Appointment Date Status
Hasmukhrai Shantilal Janani Director 05 Nov 2012 Current
Deepesh Hasmukh Janani Director 05 Nov 2012 Current
Shreyansh Jain Irp/Rp/Liquidator 05 Feb 2025 Current

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Financial Performance of Midas Petrochem.

Midas Petrochem Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 30.67% decrease. The company also saw a substantial fall in profitability, with a 873.84% decrease in profit. The company's net worth observed a substantial decline by a decrease of 21.53%.

Midas Petrochem revenue growth over time
Midas Petrochem profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -30.67%
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*******
*******
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Revenue from Operations
*******
 -30.54%
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*******
*******
*******
Total Assets
*******
 -3.87%
*******
*******
*******
*******
Profit or Loss
*******
 -873.84%
*******
*******
*******
*******
Net Worth
*******
 -21.53%
*******
*******
*******
*******
EBITDA
*******
 -99.31%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Midas Petrochem?

In 2021, Midas Petrochem had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹310,125,000.00

Satisfied Charges

₹308,000,000.00

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 27.95 Cr
  • Others : 3.06 Cr
Latest Charge Details
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 ₹23.00 Cr Open
29 Jan 2020 Axis Bank Limited ₹2.00 Cr Satisfied
16 Sep 2019 Axis Bank Limited ₹2.30 Cr Satisfied

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How Many Employees Work at Midas Petrochem?

Unlock and access historical data on people associated with Midas Petrochem, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midas Petrochem, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Midas Petrochem's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Midas Petrochem
Recent Activity within the Organization
  • Director Appointment

    Progress on Shreyansh Jain was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 05 Feb 2025 & has been associated with this company since 1 year 24 days . was documented.

  • Annual General Meeting

    Progress on Midas Petrochem Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records. was documented.

  • Charges

    Progress on A charge registered on 16 Sep 2019 via Charge ID 100292032 with Axis Bank Limited was fully satisfied on 05 May 2021. was documented.

  • Charges

    The activity A charge registered on 29 Jan 2020 via Charge ID 100321255 with Axis Bank Limited was fully satisfied on 17 Apr 2021. was completed.

  • Balance Sheet

    Progress on Midas Petrochem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Mumbai. was documented.

  • Charges

    Progress on A charge with Axis Bank Limited amounted to Rs. 4.95 Cr with Charge ID 100393384 was registered on 07 Sep 2020. was documented.

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Frequently Asked Questions
What is the CIN of Midas Petrochem Private Limited?

The CIN of Midas Petrochem Private Limited is U51103MH2012PTC237557.

Where is Midas Petrochem Private Limited headquartered?

Midas Petrochem Private Limited is headquartered at Office No.109, Avon Arcade Dasharatlal Joshi Road, Vile Parle West, Mumbai, Maharashtra, 400057.

When was Midas Petrochem Private Limited incorporated?

Midas Petrochem Private Limited was incorporated on 05 November 2012.

Who are the current directors of Midas Petrochem Private Limited?

The current directors of Midas Petrochem Private Limited are

What is the primary industry of Midas Petrochem Private Limited?

The primary industry of Midas Petrochem Private Limited is Trade.

Is Midas Petrochem Private Limited a listed company?

Midas Petrochem Private Limited is unlisted.

What is the capital structure of Midas Petrochem Private Limited?

The authorized capital of Midas Petrochem Private Limited is ₹13.00 Cr, and the paid-up capital is ₹12.91 Cr.

What is the compliance status of Midas Petrochem Private Limited?

The compliance status of Midas Petrochem Private Limited is Compliant.

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