Midastech Ventures Private Limited
About Midastech Ventures Private Limited
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Midastech Ventures Private Limited is a private limited company based in Delhi, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 06 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U46511DL2009PTC188255. Its GSTIN is 27AAFCM9463K1ZV (Maharashtra).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹21 Lakh. It was formerly known as Mighty Overseas Private Limited. It is led by directors Surendra Hiralalji Kable (Whole-Time Director) and Ajay Khemchand Chaudhari.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 106 Ugf Shriram Complex C – 20 East Krishna Nagar, Delhi, India – 110051.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.09 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹11.63 Cr (net margin 115.3%) and EBITDA of ₹12.8 Cr (EBITDA margin 126.9%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹95 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Midastech Ventures has one previous CIN (Corporate Identification Number): U74120DL2009PTC188255. The current CIN is U46511DL2009PTC188255, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46511DL2009PTC188255 | Current |
| U74120DL2009PTC188255 | Previous |
Contact details
Midastech Ventures Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address106 Ugf Shriram Complex C – 20 East Krishna Nagar, Delhi, India – 110051
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Midastech Ventures 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 Midastech Ventures is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Midastech Ventures Private Limited, buy the company report.
Financials of Midastech Ventures Private Limited
FY 2024 filings availableMidastech Ventures Private Limited reported revenue of ₹10.09 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 37%. EBITDA fell 46% 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 |
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| EBITDA | ₹12.8 Cr | ||||
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| Net Profit (PAT) | ₹11.63 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 126.9% | ||||
| Net Profit Margin | 115.3% | ||||
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To see the full financial statements and ratios of Midastech Ventures Private Limited, buy the company report.
Board of directors of Midastech Ventures Private Limited
Midastech Ventures has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Hiralalji Kable | Whole-Time Director | 03 Oct 2016 | 10 Years 0 Months | Current |
| Ajay Khemchand Chaudhari Also directs: Cerebral Tech Ventures Private Limited | Director | 04 Mar 2016 | 10 Years 7 Months | Current |
Auditor
Midastech Ventures Private Limited is audited by MUKUND NAKASHE & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND NAKASHE & CO. | FY 2022 | 137577W |
Shareholding
The shareholding of Midastech Ventures Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midastech Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2024 | 101021611 | Hdfc Bank Limited | ₹95 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Midastech Ventures 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 Midastech Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midastech Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM9463K1ZV | Maharashtra | Active | 02 Jan 2018 |
To see the full GST registrations and return filing status of Midastech Ventures Private Limited, buy the company report.
Recent activity
Midastech Ventures Private Limited has 15 board changes on record since 2012: 2 appointments and 13 cessations. The latest: Surendra Hiralalji Kable ceased to be Additional Director on 30 Sep 2017.
7 earlier events are in the company report.
Frequently asked questions
Midastech Ventures is an active private limited company based in Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 06 March 2009 (17+ years old) and is registered under CIN U46511DL2009PTC188255.
Midastech Ventures has 2 current directors:
- Surendra Hiralalji Kable - Whole-Time Director
- Ajay Khemchand Chaudhari - Director
The latest financial statements of Midastech Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Midastech Ventures is 27AAFCM9463K1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Midastech Ventures is U46511DL2009PTC188255. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midastech Ventures was incorporated on 06 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Surendra Hiralalji Kable ceased to be Additional Director on 30 Sep 2017. Leena Nitin Tatiya ceased to be Director on 03 Oct 2016. Surendra Hiralalji Kable was appointed as Whole-Time Director on 03 Oct 2016. Midastech Ventures has 15 board changes on record in total.
The registered office of Midastech Ventures is at 106 Ugf Shriram Complex C – 20 East Krishna Nagar, Delhi, India – 110051.
Midastech Ventures operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Midastech Ventures has open charges of ₹95 Lakh and no satisfied charges on record as per latest MCA filings.