MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0031795
Mifa Systems Private Limited - consumer electronics & durables in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.44 Cr
▼ 19% YoY
Net profit · FY 2025
₹10.25 Lakh
Net margin 1.2%
EBITDA · FY 2025
₹31.15 Lakh
EBITDA margin 3.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.76 Lakh
Issued & subscribed
Open charges
₹4.99 Cr
Secured borrowings
Company age
30 yrs
Est. 1996
Directors on board
4
As per MCA filings
About Mifa Systems Private Limited
Data last updated:
Mifa Systems Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 14 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31109GJ1996PTC030494. Its GSTIN is 24AAACM7953M1Z3 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.76 Lakh. It is led by directors including Darshak Hareshbhai Kapadia (Managing Director) and Abhay Shrinivas Upadhye (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.44 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹10.25 Lakh (net margin 1.2%) and EBITDA of ₹31.15 Lakh (EBITDA margin 3.7%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹4.99 Cr on record.
Mifa Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0031795). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mifasystems.com.
Company details
CIN U31109GJ1996PTC030494
Registration Number 030494
Incorporation Date 14 August 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0031795
Key People
Darshak Hareshbhai Kapadia Managing Director Abhay Shrinivas Upadhye Whole-Time Director Jyoti Abhay Upadhye Whole-Time Director Recognitions & Rankings of Mifa Systems
Contact details
Mifa Systems Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mifasystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/03 Akshardham Ind. Estate B/S Panchratna Ind. Estate Ramol Over Bridge Ramol Ta:D, Askoi, Ahmedabad, Gujarat, India – 382445
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Mifa Systems Private Limited, buy the company report.
Comprehensive company report
Mifa Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Mifa Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Mifa Systems Private Limited, buy the company report.
Financials of Mifa Systems Private Limited
FY 2025 filings availableMifa Systems Private Limited reported revenue of ₹8.44 Cr (down 19% YoY) for FY 2025.
Revenue · FY 2025
₹8.44 Cr ▼ 19%
Net profit · FY 2025
₹10.25 Lakh margin 1.2%
EBITDA · FY 2025
₹31.15 Lakh margin 3.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 22%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 33%
5 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 19% fall in the latest year. 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 | ₹31.15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.25 Lakh | ||||
| Balance Sheet | |||||
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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 | 3.7% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mifa Systems Private Limited, buy the company report.
Board of directors of Mifa Systems Private Limited
Mifa Systems 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 |
|---|---|---|---|---|
| Abhay Shrinivas Upadhye | Whole-Time Director | 14 Aug 1996 | 30 Years 2 Months | Current |
| Darshak Hareshbhai Kapadia | Managing Director | 14 Aug 1996 | 30 Years 2 Months | Current |
| Jyoti Abhay Upadhye | Whole-Time Director | 11 Jul 2013 | 13 Years 3 Months | Current |
| Falguni Darshak Kapadia | Whole-Time Director | 11 Jul 2013 | 13 Years 3 Months | Current |
Auditor
Mifa Systems Private Limited is audited by B.J. SHAH & BROS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.J. SHAH & BROS | FY 2023 | 10901W |
Shareholding
The shareholding of Mifa Systems 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 Mifa Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.99 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2015 | 10553266 | Hdfc Bank Limited | ₹2.49 Cr | Open | |
| 29 Mar 2014 | 10486735 | Hdfc Bank Limited | ₹2.5 Cr | Open |
To see the full charge records of Mifa Systems Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Mifa Systems 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 Mifa Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mifa Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACM7953M1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mifa Systems Private Limited, buy the company report.
Recent activity
Mifa Systems Private Limited has 8 board changes on record since 1996: 4 appointments and 4 cessations. The latest: Falguni Darshak Kapadia ceased to be Director on 31 May 2023.
AGM
Mifa Systems Private Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Filing
Mifa Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Falguni Darshak Kapadia ceased to be Director.
Ceased
Jyoti Abhay Upadhye ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 249.00 Lakh registered on 07 Mar 2015 with Charge ID 10553266 was modified on 12 Jan 2021.
Ceased
Abhay Shrinivas Upadhye ceased to be Director.
Ceased
Darshak Hareshbhai Kapadia ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 250.00 Lakh registered on 29 Mar 2014 with Charge ID 10486735 was modified on 15 Dec 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 249.00 Lakh with Charge ID 10553266 was registered on 07 Mar 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 10486735 was registered on 29 Mar 2014.
Appointed
Falguni Darshak Kapadia was appointed as Whole-Time Director.
Appointed
Jyoti Abhay Upadhye was appointed as Whole-Time Director.
3 earlier events are in the company report.
Frequently asked questions
Mifa Systems is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 14 August 1996 (30+ years old) and is registered under CIN U31109GJ1996PTC030494.
Mifa Systems has 4 current directors:
- Darshak Hareshbhai Kapadia - Managing Director
- Abhay Shrinivas Upadhye - Whole-Time Director
- Jyoti Abhay Upadhye - Whole-Time Director
- Falguni Darshak Kapadia - Whole-Time Director
The latest financial statements of Mifa Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mifa Systems is 24AAACM7953M1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Mifa Systems is U31109GJ1996PTC030494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mifa Systems was incorporated on 14 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Falguni Darshak Kapadia ceased to be Director on 31 May 2023. Jyoti Abhay Upadhye ceased to be Director on 31 May 2023. Abhay Shrinivas Upadhye ceased to be Director on 02 Apr 2018. Mifa Systems has 8 board changes on record in total.
Yes, Mifa Systems is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0031795).
Mifa Systems can be reached through the website mifasystems.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Mifa Systems is at C03 Akshardham Ind. Estate BS Panchratna Ind. Estate Ramol Over Bridge Ramol Ta:D, Askoi, Ahmedabad, Gujarat, India – 382445.