MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-11-0010962
Millap Cycles Private Limited - automotive in Malda, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.17 Cr
▲ 8% YoY
Net profit · FY 2024
₹66.92 Lakh
Net margin 3%
EBITDA · FY 2024
₹1.71 Cr
EBITDA margin 7.7%
Authorised capital
₹1.7 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹6.35 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
94
Provident fund records
About Millap Cycles Private Limited
Data last updated:
Millap Cycles Private Limited is a private limited company based in Malda, West Bengal, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 21 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U35110WB2011PTC171029. Its GSTIN is 19AAHCM9973C1Z0 (West Bengal).
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Nitesh Agarwal and Sumit Agarwal.
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 Plot No. R – 23 (P) Wbiidc Narayanpur P.O. – Balia Nawabganj, Malda, West Bengal, India – 732128.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.17 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹66.92 Lakh (net margin 3%) and EBITDA of ₹1.71 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.35 Cr on record.
Millap Cycles Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-11-0010962). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milapindustries.com.
Company Details of Millap Cycles Private Limited
CIN U35110WB2011PTC171029
Registration Number 171029
Incorporation Date 21 December 2011
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-11-0010962
Recognitions & Rankings of Millap Cycles
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. R – 23 (P) Wbiidc Narayanpur P.O. – Balia Nawabganj, Malda, West Bengal, India – 732128
- IndustryAutomotive, Bicycle Mfg & Retail
Comprehensive company report
Millap Cycles 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity
The main business activity of Millap Cycles is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Millap Cycles Private Limited
FY 2024 filings availableMillap Cycles Private Limited reported revenue of ₹22.17 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹22.17 Cr ▲ 8%
Net profit · FY 2024
₹66.92 Lakh margin 3%
EBITDA · FY 2024
₹1.71 Cr margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 16%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 12%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 8% growth in the latest year. EBITDA rose 22% 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 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹1.71 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹66.92 Lakh | |
| 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.7% | |
| Net Profit Margin | 3% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Millap Cycles are in the company report.
: available in the company report
Board of Directors of Millap Cycles Private Limited
Millap Cycles has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Agarwal | Director | 10 Oct 2012 | 14 Years 0 Months | Current |
| Sumit Agarwal | Director | 10 Oct 2012 | 14 Years 0 Months | Current |
| Anil Agarwal Also directs: Millap Bicycles Private Limited | Director | 21 Dec 2011 | 14 Years 10 Months | Current |
| Narayan Agarwal Also directs: Millap Bicycles Private Limited, Quatro Bikes Private Limited | Director | 21 Dec 2011 | 14 Years 10 Months | Current |
Auditor Details
Millap Cycles Private Limited is audited by M BHAGAT AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M BHAGAT AND ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹6.35 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Aug 2018 | Uco Bank | ₹6.35 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance
Millap Cycles Private Limited has a workforce of 94 employees as of Mar 28, 2024.
Employee count
94
Active EPFO establishments
1
Employee growth
5.62%
: available in the company report
Recent Activity
Millap Cycles Private Limited has 4 board changes on record since 2011: 4 appointments. The latest: Nitesh Agarwal was appointed as Director on 10 Oct 2012.
Charges
A charge with Uco Bank of Rs. 6.35 Cr registered on 28 Aug 2018 with Charge ID 100204862 was modified on 31 Dec 2024.
AGM
Millap Cycles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Millap Cycles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Uco Bank amounted to Rs. 6.35 Cr with Charge ID 100204862 was registered on 28 Aug 2018.
Appointed
Nitesh Agarwal was appointed as Director.
Appointed
Sumit Agarwal was appointed as Director.
Appointed
Anil Agarwal was appointed as Director.
Appointed
Narayan Agarwal was appointed as Director.
Incorporation
21 Dec 2011
Millap Cycles Private Limited was registered on 21 Dec 2011 with Roc Kolkata & aged 14 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Millap Cycles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCM9973C1Z0 | West Bengal | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Millap Cycles is an active private limited company based in Malda, West Bengal, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 21 December 2011 (15+ years old) and is registered under CIN U35110WB2011PTC171029.
Millap Cycles has 4 current directors:
- Nitesh Agarwal - Director
- Sumit Agarwal - Director
- Anil Agarwal - Director
- Narayan Agarwal - Director
The latest financial statements of Millap Cycles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Millap Cycles is 19AAHCM9973C1Z0, registered in West Bengal.
The CIN (Corporate Identification Number) of Millap Cycles is U35110WB2011PTC171029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Millap Cycles was incorporated on 21 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kolkata.
Nitesh Agarwal was appointed as Director on 10 Oct 2012. Sumit Agarwal was appointed as Director on 10 Oct 2012. Anil Agarwal was appointed as Director on 21 Dec 2011. Millap Cycles has 4 board changes on record in total.
Yes, Millap Cycles is registered as a small enterprise under Udyam registration (number: UDYAM-WB-11-0010962).
Millap Cycles can be reached through the website milapindustries.com. Its registered office is in Malda, West Bengal, India.
The registered office of Millap Cycles is at Plot No. R – 23 P Wbiidc Narayanpur P.O. – Balia Nawabganj, Malda, West Bengal, India – 732128.