Midas Safety Private Limited

Midas Safety Private Limited - manufacturing in Kancheepuram, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U74999TN2006PTC114802 Incorporated 11 May 2006 ROC Chennai HQ Kancheepuram, Tamil Nadu, India
Active Private Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2025
₹26.32 Cr
▼ 79% YoY
Net profit · FY 2025
₹1.22 Cr
Net margin 4.6%
EBITDA · FY 2025
₹1.77 Cr
EBITDA margin 6.7%
Authorised capital
₹28.45 Cr
Registered with MCA
Paid-up capital
₹7.64 Cr
Issued & subscribed
Open charges
₹17.47 Lakh
Satisfied ₹67.97 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
140
Provident fund records

About Midas Safety Private Limited

Data last updated:

Midas Safety Private Limited is a private limited company based in Kancheepuram, Tamil Nadu, India, a subsidiary of Midas Safety International Fze. It operates in the security products segment of the manufacturing sector. It was incorporated on 11 May 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2006PTC114802. Its GSTIN is 33AAACF9805F1ZV (Tamil Nadu). The company holds 9 GST registrations, of which 7 are active.

The company has an authorised share capital of ₹28.45 Cr and a paid-up capital of ₹7.64 Cr. It was formerly known as Frontier Safety Products Pvt Ltd. It is led by directors including Abhijit Anand Gosavi and Pudukkaraipudur Srinivasan Balaji.

Its last annual general meeting (AGM) was held on 30 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No B – 45 Sipcot Industrial Park Thandalam Sriperumbudur, Kancheepuram, Tamil Nadu, India – 602105.

As per the financials filed for FY 2025, the company reported a revenue of ₹26.32 Cr, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Cr (net margin 4.6%) and EBITDA of ₹1.77 Cr (EBITDA margin 6.7%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 22% over five years.

The company has about 140 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹17.47 Lakh and satisfied charges of ₹67.97 Cr on record. Court records list 12 cases involving the company, including 10 filed by the company and 2 filed against it; 6 cases are pending. The company has 8 deals on record (5 funding rounds, 1 acquisition, 1 convertible or debt financing), with disclosed funding of ₹67.05 Cr; the latest was in May 2024. The company has 13 MSME Form 1 returns on record between 2016 and 2024, listing 642 overdue payments to 29 micro and small suppliers.

Midas Safety Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-08-0005031). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midassafety.in.

Company details

CIN U74999TN2006PTC114802
Registration Number 114802
Incorporation Date 11 May 2006
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2024
Date of Balance Sheet 31 March 2024
Parent Company Midas Safety International Fze
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-08-0005031

CIN history

Midas Safety has one previous CIN (Corporate Identification Number): U74999WB2006PTC109323. The current CIN is U74999TN2006PTC114802, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74999TN2006PTC114802Current
U74999WB2006PTC109323Previous
Key People
Abhijit Anand Gosavi Director Pudukkaraipudur Srinivasan Balaji Director Krithivasan Sivakumar Director

Recognitions & Rankings of Midas Safety

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-TN-08-0005031

Contact details

Midas Safety Private Limited's registered office is in Kancheepuram, Tamil Nadu. Its website is midassafety.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    midassafety.in
  • Registered Address
    Plot No B – 45 Sipcot Industrial Park Thandalam Sriperumbudur, Kancheepuram, Tamil Nadu, India – 602105
  • Industry
    Manufacturing, Security Products

To see the full contact details of Midas Safety Private Limited, buy the company report.

Comprehensive company report
Midas Safety 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

Business activity

The main business activities of Midas Safety are trade and manufacturing. In detail, this covers wholesale trading and textile, leather and other apparel products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Midas Safety Private Limited, buy the company report.

Financials of Midas Safety Private Limited

FY 2024 filings available

Midas Safety Private Limited reported revenue of ₹26.32 Cr (down 79% YoY) for FY 2025.

Revenue · FY 2025
₹26.32 Cr ▼ 79%
Net profit · FY 2025
₹1.22 Cr margin 4.6%
EBITDA · FY 2025
₹1.77 Cr margin 6.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 38%
5 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▲ 151%
3 years · compounded
▲ 30%
5 years · compounded
▼ 20%

Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 79% fall in the latest year. EBITDA rose 151% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹1.77 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.22 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.7%
Net Profit Margin4.6%
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 Safety Private Limited, buy the company report.

Board of directors of Midas Safety Private Limited

Midas Safety has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Abhijit Anand GosaviDirector31 Oct 20197 Years 0 MonthsCurrent
Pudukkaraipudur Srinivasan BalajiDirector27 Dec 201411 Years 10 MonthsCurrent
Krithivasan Sivakumar
Also directs: Simha Consultants & Services LLP, Karam Safety Private Limited, Susthira Enterprises Private Limited
Director10 Mar 20224 Years 7 MonthsCurrent
View all directors

Auditor

Midas Safety Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Price Waterhouse Chartered Accountants LLPFY 2023012754N/N500016

Shareholding

The shareholding of Midas Safety Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Midas Safety Private Limited, buy the company report.

Charges & borrowings

Open charges
₹17.47 Lakh
Satisfied charges
₹67.97 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹0.17 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Oct 2020100391438Hdfc Bank Limited₹17.47 LakhOpen
18 Aug 2021100477798Hdfc Bank Limited₹2.79 CrSatisfied
26 Mar 2021100449498Hdfc Bank Limited₹21.74 CrSatisfied
28 May 201310438515The South Indian Bank Ltd₹5 CrSatisfied
21 Feb 201210341907Axis Bank Limited₹45 LakhSatisfied

To see the full charge records of Midas Safety Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Midas Safety Private Limited has 8 deals on record (5 funding rounds, 1 acquisition, 1 convertible or debt financing), with disclosed funding of ₹67.05 Cr; the latest was in May 2024.

Total deals
8
Funding rounds
5
Acquisition
1
Convertible or debt financing
1
Secondary share transfer
1
Disclosed funding
₹67.05 Cr

Deals on record (5 of 8)

WhenDealAmountParties
May 2024AcquisitionUndisclosedBuyer: Karam Safety Private Limited
Mar 2022Secondary share transferUndisclosedBuyer: Midas Safety International FZE & K Shriram, Midas Safety International Fze
Seller: 4 individuals
Mar 2017Funding round₹15.47 CrInvestors: 2 individuals
May 2011Funding round₹8.45 CrInvestors: an individual
Oct 2009Funding round₹8.88 CrInvestors: an individual

To see the full deal history of Midas Safety Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Midas Safety Private Limited has 13 MSME Form 1 returns on record between 2016 and 2024, listing 642 overdue payments to 29 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 (5 of 29)

SupplierAmount dueDue sinceReported on
Ashapura Logistics Limited
Marshal HMB Private Limited
MP Consol India Private Limited
Sonkul Energy Products Private Limited
Defmacro Software Private Limited

To see the full MSME payment records of Midas Safety Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Midas Safety Private Limited has a workforce of 140 employees on its EPFO records as of Apr 01, 2024, across 2 active EPFO establishments.

Employee count
140
Active EPFO establishments
2
Employee growth
-5.41%

GST

Midas Safety has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
9
Active
7
Cancelled / inactive
2
GSTINStateStatusRegistered on
33AAACF9805F1ZVTamil NaduActive01 Jul 2017
33AAACF9805F2ZUTamil NaduActive01 Apr 2019
07AAACF9805F1ZQDelhiActive01 Jul 2017
19AAACF9805F1ZLWest BengalActive01 Jul 2017

To see the full GST registrations and return filing status of Midas Safety Private Limited, buy the company report.

Recent activity

Midas Safety Private Limited has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Krithivasan Sivakumar ceased to be Additional Director on 26 Dec 2022.

AGM
Midas Safety Private Limited last Annual general meeting of members was held on 30 Nov 2024 as per latest MCA records.
Charges
A charge registered on 18 Aug 2021 via Charge ID 100477798 with Hdfc Bank Limited was fully satisfied on 25 Jun 2024.
Charges
A charge registered on 26 Mar 2021 via Charge ID 100449498 with Hdfc Bank Limited was fully satisfied on 25 Jun 2024.
Filing
Midas Safety Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Krithivasan Sivakumar ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 21.74 Cr registered on 26 Mar 2021 with Charge ID 100449498 was modified on 17 Mar 2022.
Appointed
Krithivasan Sivakumar was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 2.79 Cr registered on 18 Aug 2021 with Charge ID 100477798 was modified on 23 Dec 2021.
Charges
A charge registered on 28 May 2013 via Charge ID 10438515 with The South Indian Bank Ltd was fully satisfied on 24 Nov 2021.
Charges
A charge registered on 21 Jul 2009 via Charge ID 10167950 with The South Indian Bank Limited was fully satisfied on 24 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.79 Cr with Charge ID 100477798 was registered on 18 Aug 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.74 Cr with Charge ID 100449498 was registered on 26 Mar 2021.

21 earlier events are in the company report.

Frequently asked questions

Midas Safety is an active private limited company based in Kancheepuram, Tamil Nadu, India. The company works in security products, within the manufacturing industry. It was incorporated on 11 May 2006 (20+ years old) and is registered under CIN U74999TN2006PTC114802.

Midas Safety has 3 current directors:

The latest financial statements of Midas Safety on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 November 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Midas Safety is 33AAACF9805F1ZV, registered in Tamil Nadu. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 33AAACF9805F2ZU (Tamil Nadu), 07AAACF9805F1ZQ (Delhi), 19AAACF9805F1ZL (West Bengal).

The CIN (Corporate Identification Number) of Midas Safety is U74999TN2006PTC114802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Midas Safety has 12 court cases on record: 10 filed by the company and 2 filed against it. 6 are pending. Most are in the district courts.

Midas Safety was incorporated on 11 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.

Midas Safety has 8 deals on record (5 funding rounds, 1 acquisition, 1 convertible or debt financing), with disclosed funding of ₹67.05 Cr; the latest was in May 2024.

Krithivasan Sivakumar ceased to be Additional Director on 26 Dec 2022. Krithivasan Sivakumar was appointed as Director on 10 Mar 2022. Abhijit Anand Gosavi ceased to be Additional Director on 20 Jan 2020. Midas Safety has 13 board changes on record in total.

Yes, Midas Safety is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-08-0005031).

Midas Safety has 13 MSME Form 1 returns on record between 2016 and 2024, listing 642 overdue payments to 29 micro and small suppliers. The latest return was filed on 30 Apr 2024.