MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TN-28-0010057
Midway Apparels India Private Limited - manufacturing in Tirupur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹12.36 Cr
▼ 37% YoY
Net loss · FY 2024
₹3.78 Lakh
Net margin -0.3%
EBITDA · FY 2024
₹1.56 Cr
EBITDA margin 12.6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹14.03 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
42
Provident fund records
About Midway Apparels India Private Limited
Data last updated:
Midway Apparels India Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U18101TZ2011PTC017151. Its GSTIN is 33AAHCM8481D1ZF (Tamil Nadu).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Subrayagounder Ravichandran (Managing Director) and Rajamirunalini (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 54/4 V.S.S Garden SIDCO East Cross Kangayem Main Road, Tirupur, Tamil Nadu, India – 641606.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.36 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹3.78 Lakh (net margin -0.3%) and EBITDA of ₹1.56 Cr (EBITDA margin 12.6%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 13% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Midway Apparels. As per MCA filings, the company has open charges of ₹14.03 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Midway Apparels India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-28-0010057). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midway.in.
Company details
CIN U18101TZ2011PTC017151
Registration Number 017151
Incorporation Date 10 June 2011
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 October 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-28-0010057
Key People
Subrayagounder Ravichandran Managing Director Rajamirunalini Whole-Time Director Rangasamy Manonmani Director Recognitions & Rankings of Midway Apparels India
Contact details
Midway Apparels India Private Limited's registered office is in Tirupur, Tamil Nadu. Its website is midway.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address54/4 V.S.S Garden SIDCO East Cross Kangayem Main Road, Tirupur, Tamil Nadu, India – 641606
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Midway Apparels India Private Limited, buy the company report.
Comprehensive company report
Midway Apparels 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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Secure checkout · GST invoice included
Brands
Midway Apparels India operates one associated brand: Midway Apparels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of knitted garments and home textiles in India. | midway.in |
Business activity
The main business activity of Midway Apparels India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Midway Apparels India Private Limited, buy the company report.
Financials of Midway Apparels India Private Limited
FY 2024 filings availableMidway Apparels India Private Limited reported revenue of ₹12.36 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹12.36 Cr ▼ 37%
Net loss · FY 2024
₹3.78 Lakh margin -0.3%
EBITDA · FY 2024
₹1.56 Cr margin 12.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 22%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 14%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 37% fall in the latest year. EBITDA fell 14% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.78 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.6% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Midway Apparels India Private Limited, buy the company report.
Board of directors of Midway Apparels India Private Limited
Midway Apparels India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajamirunalini | Whole-Time Director | 17 Jul 2015 | 11 Years 3 Months | Current |
| Rangasamy Manonmani Also directs: Midway Textiles India Private Limited | Director | 10 Jun 2011 | 15 Years 4 Months | Current |
| Subrayagounder Ravichandran Also directs: Midway Textiles India Private Limited | Managing Director | 10 Jun 2011 | 15 Years 4 Months | Current |
Peer comparison
Midway Apparels India Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samaria Exports Private Limited | ₹12.38 Cr (FY 2024) | 5.0% | Indore, Madhya Pradesh, India | |||
| Shamken Multifab Limited | ₹12.38 Cr (FY 2016) | 58.0% | Uttar Pradesh, India | |||
| Siddharth Filament Pvt Ltd | ₹12.37 Cr (FY 2025) | 4.0% | Surat, Gujarat, India | |||
| Midway Apparels India Private Limitedthis company | ₹12.36 Cr (FY 2024) | -₹3.78 Lakh | -0.3% | -37.0% | 42 | Tirupur, Tamil Nadu, India |
| Bhumi Cotton Private Limited | ₹12.35 Cr (FY 2024) | 5322.0% | Jalna, Maharashtra, India | |||
| R-5 Fabb Private Limited | ₹12.35 Cr (FY 2025) | -6.0% | Amritsar, Punjab, India |
To see the full peer comparison of Midway Apparels India Private Limited, buy the company report.
Auditor
Midway Apparels India Private Limited is audited by M SUBRAMANIAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M SUBRAMANIAN & CO | FY 2023 | 023683S |
Shareholding
The shareholding of Midway Apparels India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Midway Apparels India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.03 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2025 | 101148352 | Others | ₹41.37 Lakh | Open | |
| 10 Nov 2014 | 10537135 | Others | ₹13.62 Cr | Open |
To see the full charge records of Midway Apparels India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Midway Apparels India 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, Tiruppur, Tamil Nadu | Criminal case | Filed against the company by M/S. Lakshmi Bio Chem, Rep. by Its Marketing Executive P.Krishnamoorthy | Disposed |
To see the full case history of Midway Apparels 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.
Credit ratings & regulatory alerts
Midway Apparels India Private Limited was last rated by Icra on 16 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Mar 2022 |
To see the full credit ratings and regulatory alerts of Midway Apparels India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Midway Apparels India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Midway Apparels India Private Limited has a workforce of 42 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
42
Active EPFO establishments
1
Employee growth
-62.5%
GST
Midway Apparels India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCM8481D1ZF | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Midway Apparels India Private Limited, buy the company report.
Recent activity
Midway Apparels India Private Limited has 6 board changes on record since 2011: 3 appointments and 3 cessations. The latest: Rajamirunalini ceased to be Director on 10 May 2019.
Charges
A charge with Others amounted to Rs. 0.41 Cr with Charge ID 101148352 was registered on 20 May 2025.
AGM
Midway Apparels India Private Limited last Annual general meeting of members was held on 31 Oct 2024 as per latest MCA records.
Filing
Midway Apparels India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Others of Rs. 13.62 Cr registered on 10 Nov 2014 with Charge ID 10537135 was modified on 16 Sep 2021.
Ceased
Rajamirunalini ceased to be Director.
Ceased
Subrayagounder Ravichandran ceased to be Director.
Ceased
Rangasamy Gounder ceased to be Director.
Appointed
Rajamirunalini was appointed as Whole-Time Director.
Charges
A charge with Others amounted to Rs. 13.62 Cr with Charge ID 10537135 was registered on 10 Nov 2014.
Appointed
Rangasamy Manonmani was appointed as Director.
Appointed
Subrayagounder Ravichandran was appointed as Managing Director.
Incorporation
10 Jun 2011
Midway Apparels India Private Limited was registered on 10 Jun 2011 with Roc Coimbatore & aged 15 years 4 months as per MCA records.
Frequently asked questions
Midway Apparels India is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 10 June 2011 (15+ years old) and is registered under CIN U18101TZ2011PTC017151.
Midway Apparels India has 3 current directors:
- Subrayagounder Ravichandran - Managing Director
- Rajamirunalini - Whole-Time Director
- Rangasamy Manonmani - Director
The latest financial statements of Midway Apparels India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 October 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Midway Apparels India is 33AAHCM8481D1ZF, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Midway Apparels India is U18101TZ2011PTC017151. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midway Apparels India has 1 court case on record: 1 filed against it.
Midway Apparels India was incorporated on 10 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Midway Apparels India by revenue are Samaria Exports Private Limited, Shamken Multifab Limited, Siddharth Filament Pvt Ltd, Bhumi Cotton Private Limited, R-5 Fabb Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Rajamirunalini ceased to be Director on 10 May 2019. Subrayagounder Ravichandran ceased to be Director on 10 May 2019. Rangasamy Gounder ceased to be Director on 30 Jun 2018. Midway Apparels India has 6 board changes on record in total.
Yes, Midway Apparels India is registered as a small enterprise under Udyam registration (number: UDYAM-TN-28-0010057).
Midway Apparels India can be reached through the website midway.in. Its registered office is in Tirupur, Tamil Nadu, India.