MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-KL-07-0003596
_PRIVATE_LIMITED.webp)
Midas Treads (India) Private Limited - machinery and equipment in Kottayam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹181.22 Cr
▲ 64% YoY
Net profit · FY 2025
₹6.3 Cr
Net margin 3.5%
EBITDA · FY 2025
₹9.93 Cr
EBITDA margin 5.5%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹61 Lakh
Issued & subscribed
Open charges
₹5.98 Cr
Satisfied ₹39.57 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
84
Provident fund records
About Midas Treads (India) Private Limited
Data last updated:
Midas Treads (India) Private Limited is a private limited company based in Kottayam, Kerala, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 18 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U25199KL1997PTC024585. Its GSTIN is 32AADCM3377L1ZB (Kerala).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹61 Lakh. It is led by directors Paulose Verghese and Varkey Varughese.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Midas Marketing Building Varissery Mariathuruthu P.O, Kottayam, Kerala, India – 686027.
As per the financials filed for FY 2025, the company reported a revenue of ₹181.22 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹6.3 Cr (net margin 3.5%) and EBITDA of ₹9.93 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 19% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Midas. As per MCA filings, the company has open charges of ₹5.98 Cr and satisfied charges of ₹39.57 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 4 deals on record (4 secondary share transfers); the latest was in March 2017. Its 6 peer companies in the Manufacturing industry (Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Alwaye Rubex Private Limited with revenue of ₹195.82 Cr.
Midas Treads (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-07-0003596). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midas.ind.in.
Company details
CIN U25199KL1997PTC024585
Registration Number 024585
Incorporation Date 18 February 1997
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-07-0003596
CIN history
Midas Treads (India) has one previous CIN (Corporate Identification Number): U25199PY1997PTC001294. The current CIN is U25199KL1997PTC024585, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25199KL1997PTC024585 | Current |
| U25199PY1997PTC001294 | Previous |
Recognitions & Rankings of Midas Treads (India)
Contact details
Midas Treads (India) Private Limited's registered office is in Kottayam, Kerala. Its website is midas.ind.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMidas Marketing Building Varissery Mariathuruthu P.O, Kottayam, Kerala, India – 686027
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Midas Treads (India) Private Limited, buy the company report.
Comprehensive company report
Midas Treads (India) 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
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Brands
Midas Treads (India) operates one associated brand: Midas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Rubber parts and retreading materials are supplied by Midas. | midas.ind.in |
Business activity
The main business activity of Midas Treads (India) is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Midas Treads (India) Private Limited, buy the company report.
Financials of Midas Treads (India) Private Limited
FY 2025 filings availableMidas Treads (India) Private Limited reported revenue of ₹181.22 Cr (up 64% YoY) for FY 2025.
Revenue · FY 2025
₹181.22 Cr ▲ 64%
Net profit · FY 2025
₹6.3 Cr margin 3.5%
EBITDA · FY 2025
₹9.93 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 38%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 65%
3 years · compounded
▲ 320%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 64% growth in the latest year. EBITDA rose 65% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹9.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.3 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Treads (India) Private Limited, buy the company report.
Board of directors of Midas Treads (India) Private Limited
Midas Treads (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paulose Verghese Also directs: Panampunna Estates Private Limited, Midas Pre Cured Treads Pvt Ltd, Midas Rubber Pvt Ltd and 5 more | Director | 26 Jul 2002 | 24 Years 3 Months | Current |
| Varkey Varughese Also directs: Panampunna Estates Private Limited, Midas Rubber Pvt Ltd, Prudential Rubber Pvt Ltd and 5 more | Director | 01 Nov 2010 | 16 Years 0 Months | Current |
Peer comparison
Midas Treads (India) Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alwaye Rubex Private Limited | ₹195.82 Cr (FY 2025) | 65.0% | Ernakulam, Kerala, India | |||
| Jayashree Polymer Exports Private Limited | ₹194.88 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India | |||
| Unipatch Rubber Ltd | ₹194.24 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Midas Treads (India) Private Limitedthis company | ₹181.22 Cr (FY 2025) | ₹6.3 Cr | 3.5% | 64.0% | 84 | Kottayam, Kerala, India |
| Roop Rubber Mills Private Limited | ₹178.23 Cr (FY 2025) | 1.0% | Gurgaon, Haryana, India | |||
| Sundaram Industries Private Limited | ₹168.03 Cr (FY 2022) | Madurai, Tamil Nadu, India | ||||
| Mysore Polymers and Rubber Products Private Limited | ₹163.14 Cr (FY 2025) | -2.0% | Mysore, Karnataka, India |
To see the full peer comparison of Midas Treads (India) Private Limited, buy the company report.
Auditor
Midas Treads (India) Private Limited is audited by KOSHY & MANI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOSHY & MANI | FY 2023 | 001430S |
Shareholding
The shareholding of Midas Treads (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midas Treads (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.98 Cr
Satisfied charges
₹39.57 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2025 | 101119400 | Hdfc Bank Limited | ₹1.09 Cr | Open | |
| 28 Nov 2024 | 101013198 | State Bank of India | ₹4.86 Cr | Open | |
| 07 Jul 2016 | 100042154 | State Bank of Travancore | ₹73,925 | Open | |
| 21 Jul 2015 | 10584342 | State Bank of Travancore | ₹1.09 Lakh | Open | |
| 14 Jul 2014 | 10511030 | State Bank of Travancore | ₹42,650 | Open |
To see the full charge records of Midas Treads (India) Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Midas Treads (India) Private Limited has 4 deals on record (4 secondary share transfers); the latest was in March 2017.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Midas Treads (India) Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Appeal | Filed against the company by Employees Provident Fund Organisation - Epfo | Disposed |
| High Court | Writ petition | Filed against the company by Employees Provident Fund Organisation | Disposed |
To see the full case history of Midas Treads (India) 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 Treads (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midas Treads (India) Private Limited has a workforce of 84 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
84
Active EPFO establishments
1
Employee growth
-1.18%
GST
Midas Treads (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCM3377L1ZB | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midas Treads (India) Private Limited, buy the company report.
Recent activity
Midas Treads (India) Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: George Varughese ceased to be Director on 28 Aug 2025.
AGM
Midas Treads (India) Private Limited last Annual general meeting of members was held on 20 Sep 2025 as per latest MCA records.
Ceased
George Varughese ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 109.25 Lakh with Charge ID 101119400 was registered on 12 Jun 2025.
Filing
Midas Treads (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge registered on 05 Aug 2024 via Charge ID 100963695 with State Bank Of India was fully satisfied on 04 Dec 2024.
Charges
A charge registered on 01 Jul 2023 via Charge ID 100806532 with State Bank Of India was fully satisfied on 04 Dec 2024.
Charges
A charge with State Bank Of India amounted to Rs. 486.00 Lakh with Charge ID 101013198 was registered on 28 Nov 2024.
Charges
A charge registered on 12 Oct 2022 via Charge ID 100644978 with Yes Bank Limited was fully satisfied on 21 Nov 2024.
Charges
A charge with State Bank Of India amounted to Rs. 181.00 Lakh with Charge ID 100963695 was registered on 05 Aug 2024.
Charges
A charge with State Bank Of India amounted to Rs. 75.00 Lakh with Charge ID 100806532 was registered on 01 Jul 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 45.00 Lakh with Charge ID 100644978 was registered on 12 Oct 2022.
Charges
A charge registered on 12 Aug 2014 via Charge ID 10556635 with Hdfc Bank Limited was fully satisfied on 07 Oct 2021.
29 earlier events are in the company report.
Frequently asked questions
Midas Treads (India) is an active private limited company based in Kottayam, Kerala, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 18 February 1997 (29+ years old) and is registered under CIN U25199KL1997PTC024585.
Midas Treads (India) has 2 current directors:
- Paulose Verghese - Director
- Varkey Varughese - Director
The latest financial statements of Midas Treads (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midas Treads (India) is 32AADCM3377L1ZB, registered in Kerala.
The CIN (Corporate Identification Number) of Midas Treads (India) is U25199KL1997PTC024585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midas Treads (India) has 2 court cases on record: 2 filed against it.
Midas Treads (India) was incorporated on 18 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ernakulam.
Midas Treads (India) has 4 deals on record (4 secondary share transfers); the latest was in March 2017.
The peers of Midas Treads (India) by revenue are Alwaye Rubex Private Limited, Jayashree Polymer Exports Private Limited, Unipatch Rubber Ltd, Roop Rubber Mills Private Limited, Sundaram Industries Private Limited and 1 more, all in the Manufacturing industry (Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
George Varughese ceased to be Director on 28 Aug 2025. Mariam Varughese ceased to be Director on 04 Jan 2013. Varkey Varughese was appointed as Director on 01 Nov 2010. Midas Treads (India) has 6 board changes on record in total.
Yes, Midas Treads (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-07-0003596).
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