About Midas Polypack Private Limited
Data last updated:
Midas Polypack Private Limited was a private limited company based in Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 14 January 2013.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U25209DL2013PTC247293. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1.02 Cr. It was led by directors Gaurav Daga and Neeraj Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at C – 4/1 Rajiv Nagar Indl Area Sewadham Marg Mandoli, Delhi, India – 110093.
As per the financials filed for FY 2022, the company reported a revenue of ₹32 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.57 Cr (net margin 11.1%) and EBITDA of ₹5.94 Cr (EBITDA margin 18.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 22% over five years.
The company had about 153 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹7.1 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is midaspolypack.com.
Company details
Contact details
Midas Polypack Private Limited's registered office is in Delhi, Delhi. Its website is midaspolypack.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 4/1 Rajiv Nagar Indl Area Sewadham Marg Mandoli, Delhi, India – 110093
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Midas Polypack Private Limited, buy the company report.
- 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
Business activity
The main business activity of Midas Polypack is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Midas Polypack Private Limited, buy the company report.
Financials of Midas Polypack Private Limited
FY 2022 filings availableMidas Polypack Private Limited reported revenue of ₹32 Cr (up 4% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 4% growth in the latest year. EBITDA rose 1% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹32 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.57 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.6% | ||||
| Net Profit Margin | 11.1% | ||||
| 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 Polypack Private Limited, buy the company report.
Board of directors of Midas Polypack Private Limited
Midas Polypack has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Daga Also directs: Ag Petuela Private Limited, A G Viocap Private Limited, Ag Poly Packs Private Limted and 1 more | Director | 14 Jan 2013 | 13 Years 9 Months | As last reported |
| Neeraj Maheshwari Also directs: A G Viocap Private Limited, Ag Poly Packs Private Limted, A.G. Synergy Private Limited and 1 more | Director | 14 Jan 2013 | 13 Years 9 Months | As last reported |
Peer comparison
Midas Polypack Private Limited is compared with the 7 companies closest to it by revenue in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bharat Products Limited | ₹32.45 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| Surya Polypet Private Limited | ₹32.15 Cr (FY 2023) | 13.0% | New Delhi, Delhi, India | |||
| U D Caps Limited | ₹32.01 Cr (FY 2025) | -17.0% | Kolkata, West Bengal, India | |||
| Midas Polypack Private Limitedthis company | ₹32 Cr (FY 2022) | ₹3.57 Cr | 11.1% | 4.0% | 153 | Delhi, India |
| Pune Polytech Private Limited | ₹31.36 Cr (FY 2025) | 2.0% | Pune, Maharashtra, India | |||
| Sarthak Pet Industries (India) Private Limited | ₹31.18 Cr (FY 2025) | -60.0% | Indore, Madhya Pradesh, India | |||
| Aspet Technoplast Private Limited | ₹30.41 Cr (FY 2024) | -35.0% | Dhule, Maharashtra, India | |||
| Aglo Packagings Limited | ₹30.12 Cr (FY 2025) | 4.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Midas Polypack Private Limited, buy the company report.
Auditor
Midas Polypack Private Limited is audited by MANOJ PRAKASH ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ PRAKASH ASSOCIATES | FY 2022 | 512297C |
Shareholding
The shareholding of Midas Polypack Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Polypack Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2017 | 100142531 | Sidbi | ₹1 Cr | Satisfied | |
| 07 Jul 2017 | 100112441 | Sidbi | ₹2.5 Cr | Satisfied | |
| 28 Oct 2013 | 10458337 | Sidbi | ₹3.6 Cr | Satisfied |
To see the full charge records of Midas Polypack Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Midas Polypack Private Limited has 2 court cases on record: 2 filed by Midas Polypack. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, New Delhi Bench Court-III | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Midas Polypack 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 Polypack Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Polypack Private Limited has a workforce of 153 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Midas Polypack has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Midas Polypack Private Limited, buy the company report.
Recent activity
Midas Polypack Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Akshat Daga ceased to be Director on 31 May 2020.
2 earlier events are in the company report.
Frequently asked questions
Midas Polypack has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Midas Polypack was a private limited company based in Delhi, India. The company worked in bottle and cap manufacturing, within the packaging industry. It was incorporated on 14 January 2013 and is registered under CIN U25209DL2013PTC247293. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Midas Polypack was incorporated on 14 January 2013. It is registered with the Registrar of Companies, Delhi.
Midas Polypack had 2 directors:
- Gaurav Daga - Director
- Neeraj Maheshwari - Director
The CIN (Corporate Identification Number) of Midas Polypack is U25209DL2013PTC247293. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Midas Polypack is at C – 41 Rajiv Nagar Indl Area Sewadham Marg Mandoli, Delhi, India – 110093.
Midas Polypack can be reached through the website midaspolypack.com. Its registered office is in Delhi, India.
The latest financial statements of Midas Polypack on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Midas Polypack has 1 GST registration on record and it is cancelled or inactive.
Midas Polypack operated in the packaging industry, in the bottle and cap manufacturing segment.
The peers of Midas Polypack by revenue are Bharat Products Limited, Surya Polypet Private Limited, U D Caps Limited, Pune Polytech Private Limited, Sarthak Pet Industries (India) Private Limited and 2 more, all in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
