MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-KL-07-0002860
Midas Polymer Compounds Private Limited - manufacturing in Kottayam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹95.83 Cr
▲ 62% YoY
Net profit · FY 2023
₹1.31 Cr
Net margin 1.4%
EBITDA · FY 2023
₹87.81 Lakh
EBITDA margin 0.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Satisfied charges
₹5.62 Cr
No open charges
Company age
30 yrs
Est. 1996
Employees · EPFO
69
Provident fund records
About Midas Polymer Compounds Private Limited
Data last updated:
Midas Polymer Compounds Private Limited is a private limited company based in Kottayam, Kerala, India, a subsidiary of Standard Treads Pvt Ltd. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 23 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24134KL1996PTC010876. Its GSTIN is 32AACCM0080H1ZZ (Kerala).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4 Cr. It is led by directors including John Kurudamannil Abraham and Divya Varughese (Manager).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Midas Marketing Building Varisserry Mariathuruthu P.O., Kottayam, Kerala, India – 686027.
As per the financials filed for FY 2023, the company reported a revenue of ₹95.83 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹1.31 Cr (net margin 1.4%) and EBITDA of ₹87.81 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 3% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Midas. As per MCA filings, the company has satisfied charges of ₹5.62 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 4 deals on record (4 secondary share transfers); the latest was in April 2022.
Midas Polymer Compounds Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-07-0002860). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midas.ind.in.
Company details
CIN U24134KL1996PTC010876
Registration Number 010876
Incorporation Date 23 October 1996
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Standard Treads Pvt Ltd
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-07-0002860
Recognitions & Rankings of Midas Polymer Compounds
Contact details
Midas Polymer Compounds Private Limited's registered office is in Kottayam, Kerala. Its website is midas.ind.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMidas Marketing Building Varisserry Mariathuruthu P.O., Kottayam, Kerala, India – 686027
- IndustryManufacturing, Rubber-Based Products
To see the full contact details of Midas Polymer Compounds Private Limited, buy the company report.
Comprehensive company report
Midas Polymer Compounds 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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Brands
Midas Polymer Compounds operates one associated brand: Midas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Rubber parts and retreading materials are supplied by Midas. | midas.ind.in |
Financials of Midas Polymer Compounds Private Limited
FY 2025 filings availableMidas Polymer Compounds Private Limited reported revenue of ₹95.83 Cr (up 62% YoY) for FY 2023.
Revenue · FY 2023
₹95.83 Cr ▲ 62%
Net profit · FY 2023
₹1.31 Cr margin 1.4%
EBITDA · FY 2023
₹87.81 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 33%
5 years · compounded
▼ 3%
EBITDA CAGR growth
3 years · compounded
▼ 7%
5 years · compounded
▼ 17%
Revenue rose 62% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹95.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹87.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.31 Cr | ||||
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Polymer Compounds Private Limited, buy the company report.
Board of directors of Midas Polymer Compounds Private Limited
Midas Polymer Compounds has 3 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 |
|---|---|---|---|---|
| John Kurudamannil Abraham Also directs: Peopleserve Outsourcing Private Limited | Director | 01 Sep 2010 | 16 Years 1 Months | Current |
| Divya Varughese Also directs: Peopleserve Outsourcing Private Limited, Midas Pre Cured Treads Pvt Ltd, Midas Guardian Private Limited and 3 more | Manager | 03 Apr 2023 | 3 Years 6 Months | Current |
| Abraham Mathew | Director | 20 Feb 2001 | 25 Years 8 Months | Current |
Auditor
Midas Polymer Compounds Private Limited is audited by ZACHARIAH & ZACHARIAH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ZACHARIAH & ZACHARIAH | FY 2023 | 004806S |
Shareholding
The shareholding of Midas Polymer Compounds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Polymer Compounds Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2014 | 10534965 | The Federal Bank Ltd | ₹1.8 Lakh | Satisfied | |
| 07 Nov 2014 | 10534941 | The Federal Bank Ltd | ₹60 Lakh | Satisfied | |
| 08 Aug 2011 | 10306200 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Midas Polymer Compounds Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Midas Polymer Compounds Private Limited has 4 deals on record (4 secondary share transfers); the latest was in April 2022.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Standard Tread Private Limited Seller: Kaveri Treads Pvt Ltd , Parampuzha Treads Pvt Ltd , Ideal Rubber Pvt Ltd |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Midas Polymer Compounds Private Limited has 4 court cases on record: 1 filed by Midas Polymer Compounds, 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax, Kottayam | Disposed |
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax | Disposed |
| High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax | Disposed |
| High Court | Tax appeal | Filed by the company against The Assistant Commissioner of Income Tax | Disposed |
To see the full case history of Midas Polymer Compounds 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 Polymer Compounds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Polymer Compounds Private Limited has a workforce of 69 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
69
Active EPFO establishments
1
Employee growth
-1.43%
GST
Midas Polymer Compounds has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCM0080H1ZZ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Polymer Compounds Private Limited, buy the company report.
Recent activity
Midas Polymer Compounds Private Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Divya Varughese was appointed as Manager on 03 Apr 2023.
AGM
Midas Polymer Compounds Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Midas Polymer Compounds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Appointed
Divya Varughese was appointed as Manager.
Charges
A charge registered on 08 Aug 2011 via Charge ID 10306200 with Hdfc Bank Limited was fully satisfied on 28 Dec 2022.
Charges
A charge registered on 07 Nov 2014 via Charge ID 10534965 with The Federal Bank Ltd was fully satisfied on 04 Aug 2021.
Charges
A charge registered on 07 Nov 2014 via Charge ID 10534941 with The Federal Bank Ltd was fully satisfied on 04 Aug 2021.
Charges
A charge with The Federal Bank Ltd amounted to Rs. 0.02 Cr with Charge ID 10534965 was registered on 07 Nov 2014.
Charges
A charge with The Federal Bank Ltd amounted to Rs. 0.60 Cr with Charge ID 10534941 was registered on 07 Nov 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.00 Cr with Charge ID 10306200 was registered on 08 Aug 2011.
Ceased
Baker Fen Cheriyan ceased to be Director.
Appointed
John Kurudamannil Abraham was appointed as Director.
Appointed
Abraham Mathew was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Midas Polymer Compounds is an active private limited company based in Kottayam, Kerala, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 23 October 1996 (30+ years old) and is registered under CIN U24134KL1996PTC010876.
Midas Polymer Compounds has 3 current directors:
- John Kurudamannil Abraham - Director
- Abraham Mathew - Director
- Divya Varughese - Manager
The latest financial statements of Midas Polymer Compounds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Polymer Compounds is 32AACCM0080H1ZZ, registered in Kerala.
The CIN (Corporate Identification Number) of Midas Polymer Compounds is U24134KL1996PTC010876. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Polymer Compounds has 4 court cases on record: 1 filed by the company and 3 filed against it.
Midas Polymer Compounds was incorporated on 23 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ernakulam.
Midas Polymer Compounds has 4 deals on record (4 secondary share transfers); the latest was in April 2022.
Divya Varughese was appointed as Manager on 03 Apr 2023. Baker Fen Cheriyan ceased to be Director on 01 Sep 2010. John Kurudamannil Abraham was appointed as Director on 01 Sep 2010. Midas Polymer Compounds has 4 board changes on record in total.
Yes, Midas Polymer Compounds is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-07-0002860).