India's Richest People 2026 edition · 1 director · Source: Hurun India
- #530 Ajay D Vaghani & Family ₹6,500 Cr
Revenue · FY 2024
₹15.66 Lakh
▲ 109% YoY
Net profit · FY 2024
₹14.88 Lakh
Net margin 95.1%
EBITDA · FY 2024
₹14.88 Lakh
EBITDA margin 95.1%
Authorised capital
₹6.5 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹4.5 Cr
Secured borrowings
Company age
26 yrs
Est. 2000
Directors on board
4
As per MCA filings
About Milton Global Limited
Data last updated:
Milton Global Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 30 May 2000 and has been in existence for over 26 years.
Its director Ajay D Vaghani and Family is #530 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH2000PLC126835. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Radhika Sameer Rane and Ajaykumar Dineshkumar Vaghani.
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 Asian Building 4th Floor R.Kamani Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.66 Lakh, a growth of 109% compared to the previous year. For the same year it recorded a net profit of ₹14.88 Lakh (net margin 95.1%) and EBITDA of ₹14.88 Lakh (EBITDA margin 95.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹4.5 Cr on record. Court records list 26 cases involving the company, including 6 filed by the company and 20 filed against it; 13 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 hamiltonindia.in.
Company details
CIN U99999MH2000PLC126835
Registration Number 126835
Incorporation Date 30 May 2000
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Milton Global has one previous CIN (Corporate Identification Number): U99999MH2000PTC126835. The current CIN is U99999MH2000PLC126835, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH2000PLC126835 | Current |
| U99999MH2000PTC126835 | Previous |
Key People
Radhika Sameer Rane Director Ajaykumar Dineshkumar Vaghani Director Pankaj Bhogilal Bhaya Director Recognitions & Rankings of Milton Global
Contact details
Milton Global Limited's registered office is in Mumbai, Maharashtra. Its website is hamiltonindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAsian Building 4th Floor R.Kamani Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Milton Global Limited, buy the company report.
Comprehensive company report
Milton Global 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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Financials of Milton Global Limited
FY 2024 filings availableMilton Global Limited reported revenue of ₹15.66 Lakh (up 109% YoY) for FY 2024.
Revenue · FY 2024
₹15.66 Lakh ▲ 109%
Net profit · FY 2024
₹14.88 Lakh margin 95.1%
EBITDA · FY 2024
₹14.88 Lakh margin 95.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 109%
3 years · compounded
▲ 30%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 113%
3 years · compounded
▲ 29%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 109% growth in the latest year. EBITDA rose 113% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.88 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.88 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.1% | ||||
| Net Profit Margin | 95.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Milton Global Limited, buy the company report.
Board of directors of Milton Global Limited
Milton Global has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhika Sameer Rane Also directs: MPL Plastics Limited, Ira Drinks Private Limited, Vartak Domestic Appliances Private Limited and 5 more | Director | 30 Mar 2021 | 5 Years 7 Months | Current |
| Ajaykumar Dineshkumar Vaghani | Director | 01 Apr 2002 | 24 Years 6 Months | Current |
| Pankaj Bhogilal Bhaya | Director | 13 May 2020 | 6 Years 5 Months | Current |
| Sanjay Maheshchandra Shukla | Director | 01 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Milton Global Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (IT Products Retail and Distribution, Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Delta Finsoft Private Limited | ₹15.68 Lakh (FY 2022) | -10.0% | Mumbai, Maharashtra, India | |||
| Base Technology (India) Private Limited | ₹15.68 Lakh (FY 2022) | -21.0% | New Delhi, Delhi, India | |||
| Shivam Enclave Private Limited | ₹15.67 Lakh (FY 2021) | -21.0% | Kolkata, West Bengal, India | |||
| Caji Exports Pvt Ltd | ₹15.66 Lakh (FY 2025) | -82.0% | Delhi, India | |||
| Akarshan Metal Distributors Private Limited | ₹15.66 Lakh (FY 2023) | 196.0% | Howrah, West Bengal, India | |||
| Milton Global Limitedthis company | ₹15.66 Lakh (FY 2024) | ₹14.88 Lakh | 95.1% | 109.0% | Mumbai, Maharashtra, India | |
| Dove Investments Private Limited | ₹15.65 Lakh (FY 2025) | -82.0% | Mumbai, Maharashtra, India | |||
| Intelinet Infotech Private Limited | ₹15.64 Lakh (FY 2025) | 11.0% | Aurangabad, Maharashtra, India | |||
| Herd Tecsol Private Limited | ₹15.64 Lakh (FY 2024) | 9.0% | Nagpur, Maharashtra, India | |||
| Metric Fintech Private Limited | ₹15.64 Lakh (FY 2025) | 94.0% | Ahmedabad, Gujarat, India | |||
| Hightech Dealtrade Private Limited | ₹15.63 Lakh (FY 2024) | 39.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Milton Global Limited, buy the company report.
Auditor
Milton Global Limited is audited by MEHTA CHOKSHI AND SHAH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI AND SHAH | FY 2023 | 106201W |
Shareholding
The shareholding of Milton Global 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 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 Milton Global Limited, buy the company report.
Charges & borrowings
Open charges
₹4.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2002 | 90144160 | State Bank of India | ₹4.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Milton Global Limited has 26 court cases on record: 6 filed by Milton Global, 20 filed against it. 13 cases are pending and 13 are disposed.
Total cases
26
Filed by the company
6
Filed against the company
20
Pending
13
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 17 | 11 |
| District courts | 6 | 3 | 2 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (ARAPP) | Filed against the company by Hamilton Housewares Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Hamilton Housewares Pvt Ltd | Pending |
| Bombay High Court | Court case (ARAPP) | Filed by the company against D J Holdings Pvt Ltd and 4 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Milton Plastics Ltd and 4 others | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Subhkam Ventures I Pvt Ltd and 1 other | Pending |
To see the full case history of Milton Global 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
Milton Global Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mehta Chokshi & Shah LLP |
To see the full MSME payment records of Milton Global Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Milton Global has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Associated companies
GST
Milton Global has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
3
Cancelled / inactive
3
To see the full GST registrations and return filing status of Milton Global Limited, buy the company report.
Recent activity
Milton Global Limited has 9 board changes on record since 2002: 4 appointments and 5 cessations. The latest: Radhika Sameer Rane ceased to be Additional Director on 30 Oct 2021.
AGM
Milton Global Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Milton Global Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Ceased
Radhika Sameer Rane ceased to be Additional Director.
Appointed
Radhika Sameer Rane was appointed as Director.
Ceased
Pankaj Bhogilal Bhaya ceased to be Additional Director.
Ceased
Manisha Ajay Vaghani ceased to be Director.
Appointed
Pankaj Bhogilal Bhaya was appointed as Director.
Ceased
Sanjay Maheshchandra Shukla ceased to be Additional Director.
Appointed
Sanjay Maheshchandra Shukla was appointed as Director.
Ceased
Rakesh Kathotia ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 4.50 Cr with Charge ID 90144160 was registered on 07 Nov 2002.
Appointed
Ajaykumar Dineshkumar Vaghani was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Milton Global is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 30 May 2000 (26+ years old) and is registered under CIN U99999MH2000PLC126835.
Milton Global has 4 current directors:
- Radhika Sameer Rane - Director
- Ajaykumar Dineshkumar Vaghani - Director
- Pankaj Bhogilal Bhaya - Director
- Sanjay Maheshchandra Shukla - Director
The latest financial statements of Milton Global 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.
No. Milton Global has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Milton Global is U99999MH2000PLC126835. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milton Global has 26 court cases on record: 6 filed by the company and 20 filed against it. 13 are pending. Most are in the high courts.
Milton Global was incorporated on 30 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Milton Global by revenue are Delta Finsoft Private Limited, Base Technology (India) Private Limited, Shivam Enclave Private Limited, Caji Exports Pvt Ltd, Akarshan Metal Distributors Private Limited and 5 more, all in the BFSI industry (IT Products Retail and Distribution, Other Financial Services).
Radhika Sameer Rane ceased to be Additional Director on 30 Oct 2021. Radhika Sameer Rane was appointed as Director on 30 Mar 2021. Pankaj Bhogilal Bhaya ceased to be Additional Director on 28 Dec 2020. Milton Global has 9 board changes on record in total.
Milton Global has 3 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Dec 2020.
Milton Global can be reached through the website hamiltonindia.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Milton Global is at Asian Building 4th Floor R.Kamani Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.