About Milestone Minerals Private Limited
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Milestone Minerals Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 22 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U13201KA2007PTC041856. Its GSTIN is 37AAFCM0487R1ZQ (Andhra Pradesh).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Boini Shivappa and Praveen Mark Bethapudi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 33 Palace Cross Road, Bangalore, Karnataka, India – 560020.
As per the financials filed for FY 2023, the company reported a revenue of ₹25.82 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹67.46 Lakh (net margin -261.3%) and EBITDA of -₹58.26 Lakh (EBITDA margin -225.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
As per MCA filings, the company has open charges of ₹3.88 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milestone.in.
Company details
Contact details
Milestone Minerals Private Limited's registered office is in Bangalore, Karnataka. Its website is milestone.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 33 Palace Cross Road, Bangalore, Karnataka, India – 560020
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Milestone Minerals 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 Milestone Minerals is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Milestone Minerals Private Limited, buy the company report.
Financials of Milestone Minerals Private Limited
FY 2023 filings availableMilestone Minerals Private Limited reported revenue of ₹25.82 Lakh (down 40% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 876% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹58.26 Lakh | ||||
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| Net Profit (PAT) | -₹67.46 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -225.6% | ||||
| Net Profit Margin | -261.3% | ||||
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To see the full financial statements and ratios of Milestone Minerals Private Limited, buy the company report.
Board of directors of Milestone Minerals Private Limited
Milestone Minerals has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Boini Shivappa | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
| Praveen Mark Bethapudi | Director | 22 Feb 2007 | 19 Years 8 Months | Current |
Auditor
Milestone Minerals Private Limited is audited by AGARWAL AND LADDA for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL AND LADDA | FY 2018 | 012510S |
Shareholding
The shareholding of Milestone Minerals Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Milestone Minerals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2013 | 10423380 | The Karur Vysya Bank Limited | ₹3 Cr | Open | |
| 17 Aug 2012 | 10376932 | Icici Bank Limited | ₹88.33 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Milestone Minerals Private Limited has 11 court cases on record: 3 filed by Milestone Minerals, 8 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 2 |
| High courts | 3 | 3 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
| District court, Rangareddy, Telangana | Court case (STC-NI) | Filed against the company by an individual | Pending |
| District court, South Goa, Goa | Court case (SEXA) | Filed by the company against an individual | Pending |
| District court, South Goa, Goa | Arbitration matter | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Milestone Minerals 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Milestone Minerals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Milestone Minerals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCM0487R1ZQ | Andhra Pradesh | Active | 30 Jun 2018 |
To see the full GST registrations and return filing status of Milestone Minerals Private Limited, buy the company report.
Recent activity
Milestone Minerals Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Apam Chiphang ceased to be Director on 30 Nov 2023.
Frequently asked questions
Milestone Minerals is an active private limited company based in Bangalore, Karnataka, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 22 February 2007 (19+ years old) and is registered under CIN U13201KA2007PTC041856.
Milestone Minerals has 2 current directors:
- Boini Shivappa - Director
- Praveen Mark Bethapudi - Director
The latest financial statements of Milestone Minerals on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Milestone Minerals is 37AAFCM0487R1ZQ, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Milestone Minerals is U13201KA2007PTC041856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milestone Minerals has 11 court cases on record: 3 filed by the company and 8 filed against it. 3 are pending. Most are in the district courts.
Milestone Minerals was incorporated on 22 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Apam Chiphang ceased to be Director on 30 Nov 2023. Boini Shivappa was appointed as Director on 29 Nov 2023. Kripanandam Bethapudi ceased to be Director on 10 Jun 2019. Milestone Minerals has 5 board changes on record in total.
Milestone Minerals can be reached through the website milestone.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Milestone Minerals is at No. 33 Palace Cross Road, Bangalore, Karnataka, India – 560020.