MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MP-23-0011781
Midex Vashi Marketing Private Limited - consumer electronics & durables in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹69.25 Cr
▲ 6% YoY
Net profit · FY 2025
₹72.88 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹1.77 Cr
EBITDA margin 2.6%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹3 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
28
Provident fund records
About Midex Vashi Marketing Private Limited
Data last updated:
Midex Vashi Marketing Private Limited is a private limited company based in Indore, Madhya Pradesh, India, a subsidiary of Vashi Integrated Solutions Limited. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 05 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U51101MP2014PTC032471. Its GSTIN is 23AAJCM1179N1Z4 (Madhya Pradesh).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Akshay Khandelwal (Managing Director) and Suraj Madan Dodeja.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 137/1 Gram Rau Indore, Madhya Pradesh, India – 453331.
As per the financials filed for FY 2025, the company reported a revenue of ₹69.25 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹72.88 Lakh (net margin 1.1%) and EBITDA of ₹1.77 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 18% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Midex Vashi Marketing Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0011781). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midexvashi.com.
Company details
CIN U51101MP2014PTC032471
Registration Number 032471
Incorporation Date 05 March 2014
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Vashi Integrated Solutions Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-23-0011781
Key People
Akshay Khandelwal Managing Director Suraj Madan Dodeja Director Vinitadevi Khandelwal Director Recognitions & Rankings of Midex Vashi Marketing
Contact details
Midex Vashi Marketing Private Limited's registered office is in Indore, Madhya Pradesh. Its website is midexvashi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address137/1 Gram Rau Indore, Madhya Pradesh, India – 453331
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Midex Vashi Marketing Private Limited, buy the company report.
Comprehensive company report
Midex Vashi Marketing 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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Business activity
The main business activity of Midex Vashi Marketing 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 Midex Vashi Marketing Private Limited, buy the company report.
Financials of Midex Vashi Marketing Private Limited
FY 2025 filings availableMidex Vashi Marketing Private Limited reported revenue of ₹69.25 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹69.25 Cr ▲ 6%
Net profit · FY 2025
₹72.88 Lakh margin 1.1%
EBITDA · FY 2025
₹1.77 Cr margin 2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 1%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 3%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 6% growth in the latest year. EBITDA fell 3% 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 | ₹1.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹72.88 Lakh | ||||
| 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 | 2.6% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 Midex Vashi Marketing Private Limited, buy the company report.
Board of directors of Midex Vashi Marketing Private Limited
Midex Vashi Marketing has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Khandelwal Also directs: Pivotol Fintech Private Limited | Managing Director | 17 Mar 2018 | 8 Years 7 Months | Current |
| Suraj Madan Dodeja | Director | 05 Mar 2014 | 12 Years 7 Months | Current |
| Vinitadevi Khandelwal | Director | 29 May 2023 | 3 Years 5 Months | Current |
| Ameet Mohan Dodejaa Also directs: Vashi Integrated Solutions Limited, Purva Vashi Electricals & Services Private Limited, Vashi Parivaar Foundation and 2 more | Director | 05 Mar 2014 | 12 Years 7 Months | Current |
Peer comparison
Midex Vashi Marketing Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with 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 |
|---|---|---|---|---|---|---|
| Active Photo Services Private Limited | ₹69.88 Cr (FY 2024) | 46.0% | Chandigarh, India | |||
| Arun Enterprises Private Limited | ₹69.56 Cr (FY 2025) | 22.0% | Jammu, Jammu and Kashmir, India | |||
| Weidmuller Electronics India Private Limited | ₹69.55 Cr (FY 2024) | 7.0% | Bangalore, Karnataka, India | |||
| Midex Vashi Marketing Private Limitedthis company | ₹69.25 Cr (FY 2025) | ₹72.88 Lakh | 1.1% | 6.0% | 28 | Indore, Madhya Pradesh, India |
| Valley Electrovision Private Limited | ₹69.19 Cr (FY 2024) | 17.0% | Jammu, Jammu and Kashmir, India | |||
| Synergy Infocomm Private Limited | ₹68.94 Cr (FY 2024) | 468.0% | Chennai, Tamil Nadu, India | |||
| Tarzan Electricals Private Limited | ₹68.83 Cr (FY 2024) | 5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Midex Vashi Marketing Private Limited, buy the company report.
Auditor
Midex Vashi Marketing Private Limited is audited by M.A. Gore & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.A. Gore & Co. | FY 2023 | 046335 |
Shareholding
The shareholding of Midex Vashi Marketing Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midex Vashi Marketing Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2018 | 100191971 | Yes Bank Limited | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Midex Vashi Marketing Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kota, Rajasthan | Court case (Cr.Reg.Case) | Filed against the company by State | Disposed |
To see the full case history of Midex Vashi Marketing 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
Midex Vashi Marketing Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 148 overdue payments to 43 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Midex Vashi Marketing Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Midex Vashi Marketing Private Limited has a workforce of 28 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
-12.5%
GST
Midex Vashi Marketing has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAJCM1179N1Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midex Vashi Marketing Private Limited, buy the company report.
Recent activity
Midex Vashi Marketing Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Vinitadevi Khandelwal ceased to be Additional Director on 29 Sep 2023.
AGM
Midex Vashi Marketing Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Midex Vashi Marketing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Vinitadevi Khandelwal ceased to be Additional Director.
Ceased
Akshay Khandelwal ceased to be Director.
Appointed
Vinitadevi Khandelwal was appointed as Director.
Ceased
Manish Khandelwal ceased to be Manager.
Charges
A charge with Yes Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100191971 was registered on 13 Jun 2018.
Appointed
Akshay Khandelwal was appointed as Managing Director.
Ceased
Rajesh Khandelwal ceased to be Director.
Appointed
Ameet Mohan Dodejaa was appointed as Director.
Appointed
Suraj Madan Dodeja was appointed as Director.
Incorporation
05 Mar 2014
Midex Vashi Marketing Private Limited was registered on 05 Mar 2014 with Roc Gwalior & aged 12 years 7 months as per MCA records.
Frequently asked questions
Midex Vashi Marketing is an active private limited company based in Indore, Madhya Pradesh, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 05 March 2014 (12+ years old) and is registered under CIN U51101MP2014PTC032471.
Midex Vashi Marketing has 4 current directors:
- Akshay Khandelwal - Managing Director
- Suraj Madan Dodeja - Director
- Vinitadevi Khandelwal - Director
- Ameet Mohan Dodejaa - Director
The latest financial statements of Midex Vashi Marketing on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Midex Vashi Marketing is 23AAJCM1179N1Z4, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Midex Vashi Marketing is U51101MP2014PTC032471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midex Vashi Marketing has 1 court case on record: 1 filed against it.
Midex Vashi Marketing was incorporated on 05 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Midex Vashi Marketing by revenue are Active Photo Services Private Limited, Arun Enterprises Private Limited, Weidmuller Electronics India Private Limited, Valley Electrovision Private Limited, Synergy Infocomm Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Vinitadevi Khandelwal ceased to be Additional Director on 29 Sep 2023. Akshay Khandelwal ceased to be Director on 14 Jun 2023. Vinitadevi Khandelwal was appointed as Director on 29 May 2023. Midex Vashi Marketing has 8 board changes on record in total.
Yes, Midex Vashi Marketing is registered as a medium enterprise under Udyam registration (number: UDYAM-MP-23-0011781).
Midex Vashi Marketing has 8 MSME Form 1 returns on record between 2019 and 2024, listing 148 overdue payments to 43 micro and small suppliers. The latest return was filed on 17 Apr 2024.
Midex Vashi Marketing can be reached through the website midexvashi.com. Its registered office is in Indore, Madhya Pradesh, India.
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