About Mitashi Edutainment Private Limited
Data last updated:
Mitashi Edutainment Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 21 September 2000.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U92110MH2000PTC128809. Its GSTIN is 27AACCM3958N1ZW (Maharashtra). The company holds 9 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.05 Cr. It is led by directors Rakesh Devendrakumar Dugar (Managing Director) and Hasmukh Ramjibhai Gada (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 7 Veer Savarkar Marg Vikhroli Park, Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹361.57 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹77.58 Lakh (net margin 0.2%) and EBITDA of ₹23.52 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 18% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹139.75 Cr and satisfied charges of ₹34.9 Cr on record. Court records list 94 cases involving the company, including 12 filed by the company and 82 filed against it; 41 cases are pending. The company has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹8.62 Cr; the latest was in September 2018.
The last known website on record is mitashi.com.
Company details
Contact details
Mitashi Edutainment Private Limited's registered office is in Mumbai, Maharashtra. Its website is mitashi.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOff No 1901 19th Floor H Wing Cts No 1/7 Veer Savarkar Marg Vikhroli Park Side Vikhrol, I West, Mumbai, Maharashtra, India – 400079
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Mitashi Edutainment 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 Mitashi Edutainment is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mitashi Edutainment Private Limited, buy the company report.
Financials of Mitashi Edutainment Private Limited
FY 2019 filings availableMitashi Edutainment Private Limited reported revenue of ₹361.57 Cr (down 6% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 9% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹361.57 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹23.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹77.58 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mitashi Edutainment Private Limited, buy the company report.
Board of directors of Mitashi Edutainment Private Limited
Mitashi Edutainment has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hasmukh Ramjibhai Gada Also directs: Antara Estates LLP | Whole-Time Director | 21 Sep 2000 | 26 Years 1 Months | As last reported |
| Rakesh Devendrakumar Dugar | Managing Director | 21 Sep 2000 | 26 Years 1 Months | As last reported |
Auditor
Mitashi Edutainment Private Limited is audited by B G GOKHRU & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B G GOKHRU & CO | FY 2019 | 103279W |
Shareholding
The shareholding of Mitashi Edutainment Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mitashi Edutainment Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2019 | 100259866 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 27 Aug 2018 | 100208158 | Tata Capital Financial Services Limited | ₹5 Cr | Open | |
| 20 Sep 2016 | 100060489 | Others | ₹5 Cr | Open | |
| 28 Oct 2015 | 10606800 | Dcb Bank Limited | ₹1.5 Cr | Open | |
| 16 Jul 2001 | 90240796 | The Cosmos Co- Operative Bank Ltd | ₹103.25 Cr | Open |
To see the full charge records of Mitashi Edutainment Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Mitashi Edutainment Private Limited has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹8.62 Cr; the latest was in September 2018.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ketan R Gada HUF, an individual |
| Mar 2017 | Rights issue | ₹1.75 Cr | Investors: Riqueza Capital Investments Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Ramji Bhachubhai Shah HUF, 3 individuals |
| Mar 2016 | Funding round | ₹1 Cr | Investors: 4 individuals |
| Mar 2015 | Rights issue | ₹3 Cr | Investors: Rakesh Kumar Dugar HUF, 3 individuals |
To see the full deal history of Mitashi Edutainment Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mitashi Edutainment Private Limited has 94 court cases on record: 12 filed by Mitashi Edutainment, 82 filed against it. 41 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 90 | 78 | 41 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 94)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by Clix Capital Services Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Suryoday Small Finance Bank Ltd Through Mr Chetan Dashrath Waghmare | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Epimoney Pvt. Ltd. | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Rattanindia Finance Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by M/S Rattanindia Finance Pvt. Ltd | Pending |
To see the full case history of Mitashi Edutainment 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 Mitashi Edutainment Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mitashi Edutainment Private Limited has a workforce of 2 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Mitashi Edutainment has 9 GST registrations: 2 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM3958N1ZW | Maharashtra | Active | 01 Jul 2017 |
| 07AACCM3958N1ZY | Delhi | Active | 19 Dec 2017 |
To see the full GST registrations and return filing status of Mitashi Edutainment Private Limited, buy the company report.
Recent activity
Mitashi Edutainment Private Limited has 6 board changes on record since 2000: 2 appointments and 4 cessations. The latest: Yashwant Parasmal Dugar ceased to be Whole-Time Director on 25 Mar 2021.
31 earlier events are in the company report.
Frequently asked questions
Mitashi Edutainment is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mitashi Edutainment is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 21 September 2000 and is registered under CIN U92110MH2000PTC128809. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mitashi Edutainment has 2 current directors:
- Rakesh Devendrakumar Dugar - Managing Director
- Hasmukh Ramjibhai Gada - Whole-Time Director
The latest financial statements of Mitashi Edutainment on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mitashi Edutainment is U92110MH2000PTC128809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitashi Edutainment has open charges of ₹139.75 Cr and satisfied charges of ₹34.9 Cr as per latest MCA filings.
Mitashi Edutainment has 94 court cases on record: 12 filed by the company and 82 filed against it. 41 are pending. Most are in the district courts.
Mitashi Edutainment was incorporated on 21 September 2000. It is registered with the Registrar of Companies, Mumbai.
Mitashi Edutainment has 8 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹8.62 Cr; the latest was in September 2018.
Yashwant Parasmal Dugar ceased to be Whole-Time Director on 25 Mar 2021. Rajendra Ratilal Mirani ceased to be Whole-Time Director on 01 Sep 2019. Ketan Ramjibhai Gada ceased to be Whole-Time Director on 15 Mar 2019. Mitashi Edutainment has 6 board changes on record in total.