About Midas Touch Global Private Limited
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Midas Touch Global Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 07 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2013PTC247117. Its GSTIN is 07AAICM3975B1ZG (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Subhash Chandra and Harmeet Hari Singh.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 86 Ward No.4 Meharauli, New Delhi, Delhi, India – 110030.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.63 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net profit of ₹20,924 (net margin 3.2%) and EBITDA of ₹25,046 (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 24% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midastouchglobal.com.
Company details
Contact details
Midas Touch Global Private Limited's registered office is in New Delhi, Delhi. Its website is midastouchglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address86 Ward No.4 Meharauli, New Delhi, Delhi, India – 110030
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Midas Touch Global 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 Touch Global is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Midas Touch Global Private Limited, buy the company report.
Financials of Midas Touch Global Private Limited
FY 2020 filings availableMidas Touch Global Private Limited reported revenue of ₹6.63 Lakh (down 93% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 93% fall in the latest year. EBITDA fell 27% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹6.63 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | ₹25,046 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20,924 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Touch Global Private Limited, buy the company report.
Board of directors of Midas Touch Global Private Limited
Midas Touch Global has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Chandra | Director | 20 Jun 2022 | 4 Years 4 Months | Current |
| Harmeet Hari Singh | Director | 07 Jan 2013 | 13 Years 9 Months | Current |
| Pinakin B Trivedi | Director | 02 Feb 2018 | 8 Years 8 Months | Current |
| Jaspal Singh Kamboj | Director | 12 Jun 2017 | 9 Years 4 Months | Current |
Peer comparison
Midas Touch Global Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vansidhar Dealcomm Private Limited | ₹6.64 Lakh (FY 2025) | -77.0% | Uluberia, West Bengal, India | |||
| Cleaneoapp Technologies India Private Limited | ₹6.64 Lakh (FY 2024) | -3.0% | Gandhinagar, Gujarat, India | |||
| Shinemax Products Private Limited | ₹6.64 Lakh (FY 2018) | -36.0% | Haridwar, Uttarakhand, India | |||
| Pashupati Industries Private Limited | ₹6.64 Lakh (FY 2024) | Lucknow, Uttar Pradesh, India | ||||
| Liberty Towels Private Limited | ₹6.63 Lakh (FY 2024) | -43.0% | Periyar, Tamil Nadu, India | |||
| Midas Touch Global Private Limitedthis company | ₹6.63 Lakh (FY 2020) | ₹20,924 | 3.2% | -93.0% | New Delhi, Delhi, India | |
| Akurath Solutions Private Limited | ₹6.63 Lakh (FY 2023) | New Delhi, Delhi, India | ||||
| Camral Tradebiz Private Limited | ₹6.63 Lakh (FY 2020) | 211.0% | Pune, Maharashtra, India | |||
| Veins and Nerves Health Care Private Limited | ₹6.63 Lakh (FY 2025) | -46.0% | Vijayawada, Andhra Pradesh, India | |||
| Rajshree Switchgears Private Limited | ₹6.63 Lakh (FY 2023) | -60.0% | Chandigarh, India | |||
| Anugrand Private Limited | ₹6.63 Lakh (FY 2025) | 232.0% | Allahabad, Uttar Pradesh, India |
To see the full peer comparison of Midas Touch Global Private Limited, buy the company report.
Auditor
Midas Touch Global Private Limited is audited by VIRENDRA VYAS & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIRENDRA VYAS & CO. | FY 2017 | 005533N |
Shareholding
The shareholding of Midas Touch Global Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Midas Touch Global Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Midas Touch Global 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
No delayed payments to MSME suppliers are on our record for Midas Touch Global Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midas Touch Global has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAICM3975B1ZG | Delhi | Active | 12 Oct 2017 |
To see the full GST registrations and return filing status of Midas Touch Global Private Limited, buy the company report.
Recent activity
Midas Touch Global Private Limited has 9 board changes on record since 2013: 4 appointments and 5 cessations. The latest: Surjeet Singh Makol ceased to be Director on 22 Jun 2022.
Frequently asked questions
Midas Touch Global is an active private limited company based in New Delhi, Delhi, India. The company works in wholesale, within the trading industry. It was incorporated on 07 January 2013 (13+ years old) and is registered under CIN U51909DL2013PTC247117.
Midas Touch Global has 4 current directors:
- Subhash Chandra - Director
- Harmeet Hari Singh - Director
- Pinakin B Trivedi - Director
- Jaspal Singh Kamboj - Director
The latest financial statements of Midas Touch Global on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Touch Global is 07AAICM3975B1ZG, registered in Delhi.
The CIN (Corporate Identification Number) of Midas Touch Global is U51909DL2013PTC247117. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Touch Global was incorporated on 07 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Midas Touch Global by revenue are Vansidhar Dealcomm Private Limited, Cleaneoapp Technologies India Private Limited, Shinemax Products Private Limited, Pashupati Industries Private Limited, Liberty Towels Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Surjeet Singh Makol ceased to be Director on 22 Jun 2022. Subhash Chandra was appointed as Director on 20 Jun 2022. Ashok Kumar ceased to be Director on 01 Mar 2018. Midas Touch Global has 9 board changes on record in total.
Midas Touch Global can be reached through the website midastouchglobal.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Midas Touch Global is at 86 Ward No.4 Meharauli, New Delhi, Delhi, India – 110030.
Midas Touch Global operates in the trading industry, in the wholesale segment.
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