Milan Business Associates Private Limited - Company Profile

It is a financial services private limited company based in Bangalore, Karnataka, India, established in 1983.
1983 Bangalore, Karnataka, India Active
Last Updated:
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About Milan Business Associates Private Limited

Milan Business Associates Private Limited, a active private limited company, was established on 08 September 1983 in Bangalore, Karnataka, India. Engaging in real estate financing within the professional, scientific and technical sector, it holds CIN: U67120KA1983PTC011241. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹4.95 Cr and a paid-up capital of ₹3.79 Cr.

It upholds a compliant status. Employing 3 professional, Its leadership includes Komal Saumil Shah (Director), Varsha Ashwin Shah (Whole-Time Director). Past directors included Ashwin Jayantilal Shah, Seema Shripad Joshi, Komal Saumil Shah. It holds ₹189.06 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 39, Cunningham Road Cross, Bangalore, Karnataka, 560052.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U67120KA1983PTC011241

  • Registration Number

    011241

  • Incorporation Date

    08 September 1983

  • Authorized Capital

    ₹4.95 Cr

  • Paid-Up Capital

    ₹3.79 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 4.95 Cr
  • Paid Up Capital ₹ 3.79 Cr
  • Company Age 42 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 189.06 Cr
  • Revenue Growth **** 10.42%
  • Profit Growth **** -12.54%
  • Ebitda **** -63.11%
  • Net Worth 2.56%
  • Total Assets -13.09%
Company report

Milan Business Associates Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Milan Business Associates Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Milan Business Associates Private Limited?
Current Directors
Name Designation Appointment Date Status
Komal Saumil Shah Director 30 Apr 2025 Current
Varsha Ashwin Shah Whole-Time Director 01 Mar 2012 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 21 Aug 2007 Past
Pramod Abcsdd Additional Director 29 Sep 2023 Past
Pramod Abcsdd Director 12 Aug 2009 Past
Pramod Abcsdd Additional Director 29 Sep 2012 Past
Pramod Abcsdd Whole-Time Director 01 Oct 2019 Past
Pramod Abcsdd Director 01 Mar 2012 Past

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Financial Performance of Milan Business Associates.

Milan Business Associates Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 10.42% increase. The company also saw a substantial fall in profitability, with a 12.54% decrease in profit. The company's net worth moved up by a moderate rise of 2.56%.

Milan Business Associates revenue growth over time
Milan Business Associates profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 10.42%
*******
*******
*******
*******
Revenue from Operations
*******
 9.77%
*******
*******
*******
*******
Total Assets
*******
 -13.09%
*******
*******
*******
*******
Profit or Loss
*******
 -12.54%
*******
*******
*******
*******
Net Worth
*******
 2.56%
*******
*******
*******
*******
EBITDA
*******
 -63.11%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Milan Business Associates?

In 2023, Milan Business Associates had a public holding of 100.01%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,890,624,060.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 110.56 Cr
  • Axis Bank Limited : 78.50 Cr
Latest Charge Details
Date Lender Amount Status
09 Jun 2025 Others ₹35.00 Cr Open
09 Jun 2025 Axis Bank Limited ₹78.50 Cr Open
09 Jun 2025 Others ₹25.00 Cr Open
09 Jun 2025 Others ₹50.00 Cr Open
29 Jul 2024 Others ₹5.62 M Open

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How Many Employees Work at Milan Business Associates?

Milan Business Associates has a workforce of 3 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Milan Business Associates, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Milan Business Associates's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Milan Business Associates
Recent Activity within the Organization
  • Charges

    A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101126891 was registered on 09 Jun 2025. was recorded as a recent event.

  • Charges

    Progress on A charge with Axis Bank Limited amounted to Rs. 78.50 Cr with Charge ID 101128477 was registered on 09 Jun 2025. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101132686 was registered on 09 Jun 2025. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101148946 was registered on 09 Jun 2025. was documented.

  • Director Appointment

    The activity Komal Saumil Shah was appointed as a Director was appointed as a Director on 30 Apr 2025 & has been associated with this company since 10 months 5 days . was completed.

  • Annual General Meeting

    Milan Business Associates Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Milan Business Associates Private Limited?

The CIN of Milan Business Associates Private Limited is U67120KA1983PTC011241.

Where is Milan Business Associates Private Limited headquartered?

Milan Business Associates Private Limited is headquartered at 39, Cunningham Road Cross, Bangalore, Karnataka, 560052.

When was Milan Business Associates Private Limited incorporated?

Milan Business Associates Private Limited was incorporated on 08 September 1983.

Who are the current directors of Milan Business Associates Private Limited?

The current directors of Milan Business Associates Private Limited are

What is the primary industry of Milan Business Associates Private Limited?

The primary industry of Milan Business Associates Private Limited is Professional, Scientific And Technical.

Is Milan Business Associates Private Limited a listed company?

Milan Business Associates Private Limited is unlisted.

What is the capital structure of Milan Business Associates Private Limited?

The authorized capital of Milan Business Associates Private Limited is ₹4.95 Cr, and the paid-up capital is ₹3.79 Cr.

What is the compliance status of Milan Business Associates Private Limited?

The compliance status of Milan Business Associates Private Limited is Compliant.

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