About Midrex Technologies India Private Limited
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Midrex Technologies India Private Limited is a foreign private limited company based in Gurgaon, Haryana, India, a subsidiary of Midrex Technologies Inc., Usa. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140HR2011FTC043536. Its GSTIN is 06AAHCM3345C1ZT (Haryana).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Kevin Charles Woody and Christopher David Hayes.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sector 24, Gurgaon, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.61 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.27 Cr (net margin 7.2%) and EBITDA of ₹2.03 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 27% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midrex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address7th Floor Building No. 8B, DLF Cyber City DLF Phase II Sector 24, Gurgaon, Haryana, India – 122002
- IndustryInformation Technology, IT Consulting & Support Services
- 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 of Midrex Technologies India Private Limited
The main business activity of Midrex Technologies India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities and accounting, book keeping and auditing activities, tax consultancy. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Midrex Technologies India Private Limited FY 2024 filings available
Midrex Technologies India Private Limited reported revenue of ₹17.61 Cr (up 175% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Midrex Technologies India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 175% growth in the latest year. EBITDA rose 182% 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 of Midrex Technologies India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.27 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 of Midrex Technologies India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Midrex Technologies India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Midrex Technologies India Private Limited
Midrex Technologies India Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Business Auxiliary Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thebigword India Private Limited | ₹17.87 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Pune, Maharashtra, India |
| Bose Corporation India Private Limited | ₹17.86 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Gurgaon, Haryana, India |
| Telestream India Private Limited | ₹17.8 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Bengaluru, Karnataka, India |
| BVC Ventures Private Limited | ₹17.78 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| UK India Business Council India Private Limited | ₹17.71 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gurgaon, Haryana, India |
| Midrex Technologies India Private Limited this company | ₹17.61 Cr (FY 2024) | •••• | •••• | 175.0% | •••• | Gurgaon, Haryana, India |
| Ctsi Global India Private Limited | ₹17.59 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| B&B Analytics Private Limited | ₹17.58 Cr (FY 2024) | •••• | •••• | 82.0% | •••• | Mumbai, Maharashtra, India |
| Claimpower India Private Limited | ₹17.53 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Workfusion India Private Limited | ₹17.52 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Hyderabad, Telangana, India |
| Trimont Services India Private Limited | ₹17.49 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Midrex Technologies India by revenue in the Business Services industry (Business Auxiliary Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Midrex Technologies India Private Limited
Midrex Technologies India Private Limited is audited by MSKA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MSKA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Midrex Technologies India Private Limited
Midrex Technologies India has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kevin Charles Woody | Director | 17 Sep 2012 | 14 Years 1 Months | Current |
| Christopher David Hayes | Director | 22 Aug 2023 | 3 Years 1 Months | Current |
| Gerald Martin Gill | Director | 19 Sep 2023 | 3 Years 1 Months | Current |
| Akihiro Sawada | Director | 22 Aug 2023 | 3 Years 1 Months | Current |
| Ashok Tandon Also directs: Lloyds Engineering Works Limited | Director | 22 May 2019 | 7 Years 4 Months | Current |
Ownership and Shareholding of Midrex Technologies India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Midrex Technologies India Private Limited
Midrex Technologies India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Midrex Technologies India Private Limited
Employment history and EPFO contributions of people linked to Midrex Technologies India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Midrex Technologies India Private Limited
Midrex Technologies India Private Limited has 16 board changes on record since 2012: 5 appointments and 11 cessations. The latest: Stephen Craig Montague ceased to be Director on 31 May 2024.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Midrex Technologies India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Midrex Technologies India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Midrex Technologies India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Midrex Technologies India Private Limited
Midrex Technologies India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCM3345C1ZT | Haryana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Midrex Technologies India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Midrex Technologies India Private Limited
Midrex Technologies India is an active foreign private limited company based in Gurgaon, Haryana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 July 2011 (15+ years old) and is registered under CIN U74140HR2011FTC043536.
Midrex Technologies India reported revenue of ₹17.61 Cr for FY 2024 (up 175% YoY).
Midrex Technologies India has 5 current directors:
- Kevin Charles Woody - Director
- Christopher David Hayes - Director
- Gerald Martin Gill - Director
- Akihiro Sawada - Director
- Ashok Tandon - Director
Midrex Technologies India reported a net profit of ₹1.27 Cr (net margin 7.2%) and EBITDA of ₹2.03 Cr (EBITDA margin 11.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Midrex Technologies India is 59% over three years and 27% over five years. In the latest year (FY 2024) revenue rose 175%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Midrex Technologies India is 06AAHCM3345C1ZT, registered in Haryana.
The CIN (Corporate Identification Number) of Midrex Technologies India is U74140HR2011FTC043536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midrex Technologies India was incorporated on 29 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Midrex Technologies India by revenue are Thebigword India Private Limited, Bose Corporation India Private Limited, Telestream India Private Limited, BVC Ventures Private Limited, UK India Business Council India Private Limited and 5 more, all in the Business Services industry (Business Auxiliary Services).
Stephen Craig Montague ceased to be Director on 31 May 2024. Christopher David Hayes ceased to be Additional Director on 28 Sep 2023. Gerald Martin Gill ceased to be Additional Director on 28 Sep 2023. Midrex Technologies India has 16 board changes on record in total.
Midrex Technologies India can be reached through the website midrex.com. Its registered office is in Gurgaon, Haryana, India.