Midas Touch Limited
Designs and produces high-quality jewelry using precious metals and stones since 1995.
1995 | Jaipur, Rajasthan (India) | Active
Midas Touch Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 29 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.75 M
- Satisfied Charges ₹ 5.00 M
- Revenue Growth 171.23%
- Profit Growth 127.07%
- Ebitda 155.69%
- Net Worth 0.51%
- Total Assets -15.24%
About Midas Touch
Midas Touch Limited (MTL) is a Public Limited Indian Non-Government Company incorporated in India on 30 November 1995 and has a history of 29 years and six months. Its registered office is in Jaipur, Rajasthan, India.
The Company is engaged in the Consumer Goods Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹1.75 M. The company has closed loans amounting to ₹5.00 M, as per Ministry of Corporate Affairs (MCA) records.
Purushottam Poddar, Ashwani Poddar, and Anirudh Poddar serve as directors at the Company.
Company Details
- Location
Jaipur, Rajasthan, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U36911RJ1995PLC011161
- Company No.
011161
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Nov 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Jaipur
Industry
Consumer Goods
Midas Touch Limited
Explore comprehensive data for Midas Touch Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Midas Touch?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Purushottam Poddar  | Director | 30-Nov-1995 | Current |
| Ashwani Poddar | Whole-Time Director | 15-Dec-1997 | Current |
| Anirudh Poddar | Director | 05-May-2021 | Current |
Financial Performance of Midas Touch.
Midas Touch Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 171.23% increase. The company also saw a substantial improvement in profitability, with a 127.07% increase in profit. The company's net worth moved up by a moderate rise of 0.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Midas Touch?
In 2023, Midas Touch had a promoter holding of 96.92% and a public holding of 3.08%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- A G Solitaires Designings Llp
Ashwani Poddar is a mutual person
- Afrra Fashionware Llp
Anirudh Poddar is a mutual person
Charges (Loans)
Open Charges
₹0.18 Cr
Satisfied Charges
₹0.50 Cr
Charges Breakdown by Lending Institutions
- Bank Of Rajasthan Ltd. : 0.15 Cr
- Au Financiers (India) Limited : 0.03 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2013 | Au Financiers (India) Limited | ₹0.25 M | Open |
| 17 Sep 1997 | Bank Of Rajasthan Ltd. | ₹1.50 M | Open |
| 10 Feb 1997 | Bank Of Rajasthan Limited | ₹5.00 M | Satisfied |
How Many Employees Work at Midas Touch?
Midas Touch has a workforce of 6 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Midas Touch, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Midas Touch's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Midas Touch
Recent activity within the organization
- Annual General Meeting
Midas Touch Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Midas Touch Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
- Director Appointment
Anirudh Poddar was appointed as a Director was appointed as a Director on 05 May 2021 & has been associated with this company since 4 years 1 month .
- Charges
A charge registered on 10 Feb 1997 via Charge ID 90070014 with Bank Of Rajasthan Limited was fully satisfied on 28 Mar 2019.
- Charges
A charge with Au Financiers (India) Limited amounted to Rs. 0.03 Cr with Charge ID 10445392 was registered on 29 Aug 2013.
- Charges
A charge with Bank Of Rajasthan Limited of Rs. 0.50 Cr registered on 10 Feb 1997 with Charge ID 90070014 was modified on 24 Aug 1999.
Frequently asked questions
What is the Incorporation or founding date of Midas Touch Limited?
Midas Touch Limited was incorporated on 30 Nov 1995.
What is authorized share capital and paid-up capital of Midas Touch Limited?
The authorized share capital of Midas Touch Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.
Who are the current board members & directors of Midas Touch Limited?
Currently 3 directors are associated with Midas Touch Limited.
- Purushottam Poddar
- Ashwani Poddar
- Anirudh Poddar
What is the registered address of Midas Touch Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Midas Touch Limited is Falt No. 102 Prabhuraj Apartment Parivahan Marg, C-Scheme India, Jaipur, Rajasthan, 302001.
What is the corporate identification number (CIN) and company number of Midas Touch Limited?
The corporate identification number (CIN) of Midas Touch Limited is U36911RJ1995PLC011161 and the company number is 011161 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Midas Touch Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Midas Touch Limited has risen by 171.23%.
How many employees does Midas Touch Limited currently have?
As Per 2023 financial reports, 6 employees are currently employed by Midas Touch Limited.
What change has been observed in the net worth of Midas Touch Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Midas Touch Limited has experienced an upsurge of 0.51%.
What are the total open charges for Midas Touch Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Midas Touch Limited amount to ₹ 1.75 M.
When was the last Balance Sheet of Midas Touch Limited filed with the ROC?
The most recent Balance Sheet for Midas Touch Limited was filed with the ROC on 31 Mar 2024.
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