Midas Securities Ltd.
About Midas Securities Ltd.
Data last updated:
Midas Securities Ltd. is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Sanjog Commercial Private Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 23 November 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U67190WB1994PLC066003.
The company has an authorised share capital of ₹4.02 Cr and a paid-up capital of ₹3.95 Cr. It is led by directors including Keshav Agarwal and Sumeet Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.56 Cr. For the same year it recorded a net profit of ₹2.27 Cr (net margin 63.8%) and EBITDA of ₹3.03 Cr (EBITDA margin 85.2%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 73% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressRoom No 3A 3rd Floor Shantiniketan Building, 8 Camac Street, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Midas Securities Ltd.
The main business activity of Midas Securities is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Midas Securities Ltd. FY 2024 filings available
Midas Securities Ltd. reported revenue of ₹3.56 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Midas Securities Ltd.
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years. EBITDA rose 9% 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 of Midas Securities Ltd.
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.27 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 of Midas Securities Ltd.
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 85.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 63.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Midas Securities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Midas Securities Ltd.
Midas Securities Ltd. is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sikaria Securities Ltd. | ₹3.57 Cr (FY 2024) | •••• | •••• | 123.0% | •••• | Kolkata, West Bengal, India |
| Kanika Investment Limited | ₹3.57 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Tamil Nadu, India |
| Kanad Exim Private Limited | ₹3.56 Cr (FY 2025) | •••• | •••• | 109.0% | •••• | Kolkata, West Bengal, India |
| Trichur Financial Services Private Limited | ₹3.56 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Thrissur, Kerala, India |
| Venus Portfolio & Finance Private Limited | ₹3.56 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Mumbai, Maharashtra, India |
| Midas Securities Ltd. this company | ₹3.56 Cr (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Prithvi Finlease India Limited | ₹3.56 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Viconic Vyapaar Pvt.Ltd. | ₹3.56 Cr (FY 2025) | •••• | •••• | 21124.0% | •••• | Raipur, Chhattisgarh, India |
| Chancellor Commodeal Pvt Ltd | ₹3.56 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Kolkata, West Bengal, India |
| Arth Padarth Factors and Finance Private Limited | ₹3.56 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Mumbai, Maharashtra, India |
| Billionloans Financial Services Private Limited | ₹3.55 Cr (FY 2025) | •••• | •••• | 191.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Midas Securities by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Midas Securities Ltd.
Midas Securities Ltd. is audited by Sonu & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sonu & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Midas Securities Ltd.
Midas Securities has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshav Agarwal Also directs: Sanjog Commercial Private Limited, Red Dust Enterprises LLP | Director | 31 Mar 2021 | 5 Years 6 Months | Current |
| Sumeet Agarwal Also directs: Shresth Steel & Energy LLP, Steeloflex Engineers Private Limited, Utkal Matrix Private Limited and 2 more | Director | 01 Jun 2022 | 4 Years 4 Months | Current |
| Mohit Agarwal | Director | 31 Mar 2021 | 5 Years 6 Months | Current |
Ownership and Shareholding of Midas Securities Ltd.
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Midas Securities Ltd.
Midas Securities Ltd. does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Midas Securities Ltd.
Employment history and EPFO contributions of people linked to Midas Securities.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Midas Securities Ltd.
Midas Securities Ltd. has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Jugal Kishore Chandak ceased to be Director on 15 Jun 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Midas Securities Ltd.
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Midas Securities Ltd.
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Midas Securities Ltd.
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Midas Securities Ltd.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Midas Securities Ltd.
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Midas Securities Ltd.
Midas Securities is an active public limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 23 November 1994 (32+ years old) and is registered under CIN U67190WB1994PLC066003.
Midas Securities reported revenue of ₹3.56 Cr for FY 2024.
Midas Securities has 3 current directors:
- Keshav Agarwal - Director
- Sumeet Agarwal - Director
- Mohit Agarwal - Director
Midas Securities reported a net profit of ₹2.27 Cr (net margin 63.8%) and EBITDA of ₹3.03 Cr (EBITDA margin 85.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Midas Securities is 75% over three years and 73% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Midas Securities is U67190WB1994PLC066003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Securities was incorporated on 23 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Midas Securities by revenue are Sikaria Securities Ltd, Kanika Investment Limited, Kanad Exim Private Limited, Trichur Financial Services Private Limited, Venus Portfolio & Finance Private Limited and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Jugal Kishore Chandak ceased to be Director on 15 Jun 2022. Vinay Chandak ceased to be Director on 15 Jun 2022. Vinita Chandak ceased to be Director on 15 Jun 2022. Midas Securities has 10 board changes on record in total.
The registered office of Midas Securities is at Room No 3A 3rd Floor Shantiniketan Building, 8 Camac Street, Kolkata, West Bengal, India – 700017.
Midas Securities has an authorised share capital of ₹4.02 Cr and a paid-up capital of ₹3.95 Cr.