MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0068868
Midas Research and Development Centre India Private Limited - information technology in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹46.28 Cr
▲ 47% YoY
Net profit · FY 2025
₹59.35 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹1.32 Cr
EBITDA margin 2.8%
Authorised capital
₹1.9 Cr
Registered with MCA
Paid-up capital
₹1.86 Cr
Issued & subscribed
Company age
18 yrs
Est. 2008
Employees · EPFO
54
Provident fund records
Directors on board
3
As per MCA filings
About Midas Research and Development Centre India Private Limited
Data last updated:
Midas Research and Development Centre India Private Limited is a foreign private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Midas Information Technology Company Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH2008FTC179487. Its GSTIN is 27AAFCM4460L1Z6 (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1.9 Cr and a paid-up capital of ₹1.86 Cr. It is led by directors including Nandeep Paresh Gohil and Naga Ravi Kiran Anne.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1001/ 1002 Plot No.4 & 6 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.28 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹59.35 Lakh (net margin 1.3%) and EBITDA of ₹1.32 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 17% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Midasit.
Midas Research and Development Centre India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0068868). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midasit.com.
Company details
CIN U73100MH2008FTC179487
Registration Number 179487
Incorporation Date 27 February 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Midas Information Technology Company Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0068868
Recognitions & Rankings of Midas Research and Development Centre India
Contact details
Midas Research and Development Centre India Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is midasit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1001/ 1002 Plot No.4 & 6 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Midas Research and Development Centre India Private Limited, buy the company report.
Comprehensive company report
Midas Research and Development Centre India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Midas Research and Development Centre India operates one associated brand: Midasit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive HR management services to organizations. | midasit.com |
Business activity
The main business activity of Midas Research and Development Centre India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc. and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Midas Research and Development Centre India Private Limited, buy the company report.
Financials of Midas Research and Development Centre India Private Limited
FY 2025 filings availableMidas Research and Development Centre India Private Limited reported revenue of ₹46.28 Cr (up 47% YoY) for FY 2025.
Revenue · FY 2025
₹46.28 Cr ▲ 47%
Net profit · FY 2025
₹59.35 Lakh margin 1.3%
EBITDA · FY 2025
₹1.32 Cr margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 25%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 163%
3 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 47% growth in the latest year. EBITDA rose 163% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹46.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.35 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Midas Research and Development Centre India Private Limited, buy the company report.
Board of directors of Midas Research and Development Centre India Private Limited
Midas Research and Development Centre India has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandeep Paresh Gohil | Director | 16 Dec 2022 | 3 Years 10 Months | Current |
| Naga Ravi Kiran Anne | Director | 30 Sep 2014 | 12 Years 0 Months | Current |
| Seung Sig Jeong | Director | 31 Aug 2021 | 5 Years 1 Months | Current |
Auditor
Midas Research and Development Centre India Private Limited is audited by HINESH R. DOSHI & CO. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HINESH R. DOSHI & CO. LLP | FY 2024 | 103677W/W100056 |
Shareholding
The shareholding of Midas Research and Development Centre India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Research and Development Centre India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Midas Research and Development Centre India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Midas Research and Development Centre India Private Limited has 2 MSME Form 1 returns on record between 2019 and 2024, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Hinesh R. Doshi & Co LLP |
To see the full MSME payment records of Midas Research and Development Centre India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Midas Research and Development Centre India Private Limited has a workforce of 54 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
Employee count
54
Active EPFO establishments
1
Employee growth
22.73%
GST
Midas Research and Development Centre India has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM4460L1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 06AAFCM4460L1ZA | Haryana | Active | 07 May 2024 |
| 33AAFCM4460L1ZD | Tamil Nadu | Active | 08 Sep 2025 |
| 19AAFCM4460L2Z2 | West Bengal | Active | 02 Feb 2026 |
To see the full GST registrations and return filing status of Midas Research and Development Centre India Private Limited, buy the company report.
Recent activity
Midas Research and Development Centre India Private Limited has 10 board changes on record since 2013: 3 appointments and 7 cessations. The latest: Shishir Kumar ceased to be Director on 26 Dec 2022.
AGM
Midas Research And Development Centre India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Midas Research And Development Centre India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Shishir Kumar ceased to be Director.
Appointed
Nandeep Paresh Gohil was appointed as Director.
Ceased
Hyungwoo Lee ceased to be Director.
Appointed
Seung Sig Jeong was appointed as Director.
Ceased
Eunsik Kang ceased to be Managing Director.
Ceased
Sang Woo Shim ceased to be Director.
Appointed
Naga Ravi Kiran Anne was appointed as Director.
Ceased
Mohammed Ataullah ceased to be Director.
Ceased
Ki Hyun Kim ceased to be Director.
Ceased
Angshuman Pandey ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Midas Research and Development Centre India is an active foreign private limited company based in Navi Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 February 2008 (18+ years old) and is registered under CIN U73100MH2008FTC179487.
Midas Research and Development Centre India has 3 current directors:
- Nandeep Paresh Gohil - Director
- Naga Ravi Kiran Anne - Director
- Seung Sig Jeong - Director
The latest financial statements of Midas Research and Development Centre India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Research and Development Centre India is 27AAFCM4460L1Z6, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAFCM4460L1ZA (Haryana), 33AAFCM4460L1ZD (Tamil Nadu), 19AAFCM4460L2Z2 (West Bengal).
The CIN (Corporate Identification Number) of Midas Research and Development Centre India is U73100MH2008FTC179487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Research and Development Centre India was incorporated on 27 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Shishir Kumar ceased to be Director on 26 Dec 2022. Nandeep Paresh Gohil was appointed as Director on 16 Dec 2022. Hyungwoo Lee ceased to be Director on 01 Sep 2021. Midas Research and Development Centre India has 10 board changes on record in total.
Yes, Midas Research and Development Centre India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0068868).
Midas Research and Development Centre India has 2 MSME Form 1 returns on record between 2019 and 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Midas Research and Development Centre India can be reached through the website midasit.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Midas Research and Development Centre India is at 1001 1002 Plot No.4 & 6 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.