Midas Shelters Private Limited
About Midas Shelters Private Limited
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Midas Shelters Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45209PN2011PTC139787. Its GSTIN is 27AAHCM2907N1Z4 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manikrao Keshavrao Lolge and Sudhir Kacharu Pawar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 301 – 302 Jewel Tower Lane No. 5 Koregaon Park, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2016, the company reported a revenue of ₹52.29 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹22.68 Cr (net margin -43.4%) and EBITDA of ₹4.28 Cr (EBITDA margin 8.2%).
The company has about 296 employees on its provident fund (EPFO) records.
Court records list 8 cases involving the company, including 8 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Midas Shelters Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address301 – 302 Jewel Tower Lane No. 5 Koregaon Park, Pune, Maharashtra, India – 411001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Midas Shelters 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
Financials of Midas Shelters Private Limited
FY 2019 filings availableMidas Shelters Private Limited reported revenue of ₹52.29 Cr (up 19% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year. EBITDA fell 59% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
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| Total Expenses | ||
| EBITDA | ₹4.28 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹22.68 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
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| Trade Payables | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 8.2% | |
| Net Profit Margin | -43.4% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
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| Efficiency and Growth | ||
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To see the full financial statements and ratios of Midas Shelters Private Limited, buy the company report.
Board of directors of Midas Shelters Private Limited
Midas Shelters has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manikrao Keshavrao Lolge | Director | 26 Mar 2014 | 12 Years 7 Months | Current |
| Sudhir Kacharu Pawar | Director | 12 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Midas Shelters Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rattha Holding Company Private Limited | ₹52.37 Cr (FY 2022) | 0.0% | Chennai, Tamil Nadu, India | |||
| Shanders Properties Private Limited | ₹52.35 Cr (FY 2025) | 52.0% | Bangalore, Karnataka, India | |||
| Midas Shelters Private Limitedthis company | ₹52.29 Cr (FY 2016) | -₹22.68 Cr | -43.4% | 19.0% | 296 | Pune, Maharashtra, India |
| Sangam Buildway India Private Limited | ₹52.28 Cr (FY 2025) | 25.0% | Gurgaon, Haryana, India | |||
| Potion Realcon Private Limited | ₹52.22 Cr (FY 2024) | 655.0% | New Delhi, Delhi, India | |||
| Pawansut Infra Projects Private Limited | ₹52.2 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India |
To see the full peer comparison of Midas Shelters Private Limited, buy the company report.
Auditor
Midas Shelters Private Limited is audited by S. R. Birla & Associates for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Birla & Associates | FY 2015 |
Shareholding
The shareholding of Midas Shelters Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Midas Shelters Private Limited, buy the company report.
Legal cases
Midas Shelters Private Limited has 8 court cases on record: 8 filed against it. 5 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 5 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Mudra Online Technologies Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Mudra Online Technologies Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Mudra Online Technologies Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed against the company by Union of India Through Aditya Saole | Pending |
To see the full case history of Midas Shelters 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 Shelters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Shelters Private Limited has a workforce of 296 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Midas Shelters has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM2907N1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Shelters Private Limited, buy the company report.
Recent activity
Midas Shelters Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Deepak Manikrao Lolge ceased to be Director on 12 Apr 2019.
Frequently asked questions
Midas Shelters is an active private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 June 2011 (15+ years old) and is registered under CIN U45209PN2011PTC139787.
Midas Shelters has 2 current directors:
- Manikrao Keshavrao Lolge - Director
- Sudhir Kacharu Pawar - Director
The latest financial statements of Midas Shelters on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Shelters is 27AAHCM2907N1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Midas Shelters is U45209PN2011PTC139787. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Shelters has 8 court cases on record: 8 filed against it. 5 are pending.
Midas Shelters was incorporated on 07 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Midas Shelters by revenue are Rattha Holding Company Private Limited, Shanders Properties Private Limited, Sangam Buildway India Private Limited, Potion Realcon Private Limited, Pawansut Infra Projects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Deepak Manikrao Lolge ceased to be Director on 12 Apr 2019. Sudhir Kacharu Pawar was appointed as Director on 12 Apr 2019. Manikrao Keshavrao Lolge ceased to be Additional Director on 30 Sep 2014. Midas Shelters has 7 board changes on record in total.
The registered office of Midas Shelters is at 301 – 302 Jewel Tower Lane No. 5 Koregaon Park, Pune, Maharashtra, India – 411001.
Midas Shelters operates in the real estate and construction industry, in the real estate builders and developers segment.