Midlane Technologies Private Limited
About Midlane Technologies Private Limited
Data last updated:
Midlane Technologies Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the diversified business activities segment of the business services sector. It was incorporated on 12 October 2018.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2018PTC179557. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3 Lakh. It was led by directors Dhruvesh Rathi Suresh and Hitesh Suresh Rathi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Sno 263/6 Lifestyle Society Building A Flat No 302 Pimpri Chinchwad Link Road, Pune, Maharashtra, India – 411033.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.75 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.03 Lakh (net margin -116.2%) and EBITDA of -₹90,374 (EBITDA margin -51.7%).
Company details
Contact details
Midlane Technologies Private Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressSno 263/6 Lifestyle Society Building A Flat No 302 Pimpri Chinchwad Link Road, Pune, Maharashtra, India – 411033
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Midlane Technologies 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 Midlane Technologies is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Midlane Technologies Private Limited, buy the company report.
Financials of Midlane Technologies Private Limited
FY 2021 filings availableMidlane Technologies Private Limited reported revenue of ₹1.75 Lakh (up 619% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 619% in the latest year. EBITDA rose 69% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| 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 | -₹90,374 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.03 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 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -51.7% | ||
| Net Profit Margin | -116.2% | ||
| 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 Midlane Technologies Private Limited, buy the company report.
Board of directors of Midlane Technologies Private Limited
Midlane Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitesh Suresh Rathi Also directs: Sujwal Foods LLP | Additional Director | 04 May 2022 | 4 Years 5 Months | As last reported |
| Dhruvesh Rathi Suresh Also directs: Sujwal Foods LLP | Director | 12 Oct 2018 | 8 Years 0 Months | As last reported |
Peer comparison
Midlane Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ab Cabz Private Limited | ₹1.76 Lakh (FY 2025) | -44.0% | Jalandhar, Punjab, India | |||
| Mcon Logistics (OPC) Private Limited | ₹1.76 Lakh (FY 2022) | Mathura, Uttar Pradesh, India | ||||
| Ruppy Fleet Management Limited | ₹1.76 Lakh (FY 2021) | 41.0% | Chennai, Tamil Nadu, India | |||
| Twenty First Freight Solution Private Limited | ₹1.76 Lakh (FY 2017) | Delhi, India | ||||
| Prolog Supply Chain Solutions Private Limited | ₹1.75 Lakh (FY 2018) | -72.0% | New Delhi, Delhi, India | |||
| Midlane Technologies Private Limitedthis company | ₹1.75 Lakh (FY 2021) | -₹2.03 Lakh | -116.2% | 619.0% | Pune, Maharashtra, India | |
| Rayatal Cargo Transport Private Limited | ₹1.75 Lakh (FY 2022) | 11.0% | Patna, Bihar, India | |||
| MSQR Movers Private Limited | ₹1.74 Lakh (FY 2022) | Delhi, India | ||||
| PBC Carriers Pvt. Ltd. | ₹1.73 Lakh (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Shipizens Transportation Private Limited | ₹1.7 Lakh (FY 2024) | Allahabad, Uttar Pradesh, India | ||||
| Povty Transport Agency Private Limited | ₹1.68 Lakh (FY 2021) | Howrah, West Bengal, India |
To see the full peer comparison of Midlane Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Midlane Technologies 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 Midlane Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midlane Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Midlane Technologies Private Limited, buy the company report.
Recent activity
Midlane Technologies Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Hitesh Suresh Rathi was appointed as Additional Director on 04 May 2022.
Frequently asked questions
Midlane Technologies has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Midlane Technologies was a private limited company based in Pune, Maharashtra, India. The company worked in miscellaneous business activities, within the business services industry. It was incorporated on 12 October 2018 and is registered under CIN U74999PN2018PTC179557. The company has been struck off by the Registrar of Companies and is no longer operational.
Midlane Technologies had 2 directors:
- Hitesh Suresh Rathi - Additional Director
- Dhruvesh Rathi Suresh - Director
The CIN (Corporate Identification Number) of Midlane Technologies is U74999PN2018PTC179557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Midlane Technologies is at Sno 2636 Lifestyle Society Building A Flat No 302 Pimpri Chinchwad Link Road, Pune, Maharashtra, India – 411033.
Midlane Technologies was incorporated on 12 October 2018. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Midlane Technologies on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2019 are in the company report.
No. Midlane Technologies has 1 GST registration on record and it is cancelled or inactive.
Midlane Technologies operated in the business services industry, in the miscellaneous business activities segment. It worked in this industry before it was struck off.
The peers of Midlane Technologies by revenue are Ab Cabz Private Limited, Mcon Logistics (OPC) Private Limited, Ruppy Fleet Management Limited, Twenty First Freight Solution Private Limited, Prolog Supply Chain Solutions Private Limited and 5 more, all in the same principal business activity (land transport via road).
Hitesh Suresh Rathi was appointed as Additional Director on 04 May 2022. Supendra Upendra Sharma ceased to be Director on 04 May 2022. Dhruvesh Rathi Suresh was appointed as Director on 12 Oct 2018.