About Miti Electronics Private Limited
Data last updated:
Miti Electronics Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 27 October 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51909TN1997PTC039326. Its GSTIN is 33AACCM1588Q1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Gopalakrishnan Vimal Raj and Varalakshmi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.14/11 Madhuram Flats 3rd Main Road Kannappa Nagar Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.95 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹11.91 Lakh (net margin 1.7%) and EBITDA of ₹20.77 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 17% over five years.
The company is associated with 1 brand: Marks Electronic. As per MCA filings, the company has open charges of ₹6.4 Cr and satisfied charges of ₹3.78 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is 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 mitie.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.14/11 Madhuram Flats 3rd Main Road Kannappa Nagar Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041
- IndustryHealthcare, Medical Equipment Retail & Distribution
- 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
Business Activity of Miti Electronics Private Limited
The main business activity of Miti Electronics is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Miti Electronics Private Limited FY 2025 filings available
Miti Electronics Private Limited reported revenue of ₹6.95 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Miti Electronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 11% growth in the latest year. EBITDA fell 27% 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 of Miti Electronics Private Limited
| 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 | ₹20.77 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.91 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 of Miti Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 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 Miti Electronics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Miti Electronics Private Limited
Miti Electronics Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| B Medical Systems India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| PS Medical Systems Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Naveen Surgical Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| New Friends Company (Chemists) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Ak Medical Technology Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Miti Electronics Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Surgilab Healthcare Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Graviton Life Care Private Limited | •••• | •••• | •••• | •••• | - | Ahmednagar, Maharashtra, India |
| Tribocare Marine Services Private Limited | •••• | •••• | •••• | •••• | 23 | Tellapur, Telangana, India |
| Achyut Healthcare Limited Listed | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Nailwal Sons Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Miti Electronics by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Miti Electronics Private Limited
Miti Electronics Private Limited is audited by RAVI & RAGHU for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAVI & RAGHU | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Miti Electronics Private Limited
Miti Electronics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopalakrishnan Vimal Raj | Director | 27 Oct 1997 | 28 Years 11 Months | Current |
| Varalakshmi | Director | 30 Nov 2001 | 24 Years 10 Months | Current |
Ownership and Shareholding of Miti Electronics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Miti Electronics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Dec 2025 | Others | ₹49.04 Lakh | Open |
| 05 Sep 2020 | Others | ₹12.4 Lakh | Open |
| 23 Apr 2020 | Others | ₹6 Lakh | Open |
| 21 Jul 2011 | Bank of Baroda | ₹90 Lakh | Open |
| 02 Nov 2006 | Bank of Baroda | ₹4.83 Cr | Open |
Total charge records: 8 View all charges
Legal Cases of Miti Electronics Private Limited
Miti Electronics Private Limited has 1 court case on record: 1 filed by Miti Electronics. All case is pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against New India Surgicals and Chemicals Prasanth Narayanan | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Miti Electronics Private Limited
Miti Electronics operates one associated brand: Marks Electronic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of medical equipments, devices, consumables, aids, and hospital furniture. | markselectronic.com |
Employees and EPFO Compliance at Miti Electronics Private Limited
Employment history and EPFO contributions of people linked to Miti Electronics.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Miti Electronics Private Limited
Miti Electronics Private Limited has 3 board changes on record since 1997: 2 appointments and 1 cessation. The latest: Karuppanan Komathy ceased to be Additional Director on 21 Jan 2019.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Miti Electronics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Miti Electronics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Miti Electronics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Miti Electronics Private Limited
Miti Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCM1588Q1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Miti Electronics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Miti Electronics Private Limited
Miti Electronics is an active private limited company based in Chennai, Tamil Nadu, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 27 October 1997 (29+ years old) and is registered under CIN U51909TN1997PTC039326.
Miti Electronics reported revenue of ₹6.95 Cr for FY 2024 (up 11% YoY).
Miti Electronics has 2 current directors:
- Gopalakrishnan Vimal Raj - Director
- Varalakshmi - Director
Miti Electronics reported a net profit of ₹11.91 Lakh (net margin 1.7%) and EBITDA of ₹20.77 Lakh (EBITDA margin 3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Miti Electronics is -3% over three years and 17% over five years. In the latest year (FY 2024) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Miti Electronics is 33AACCM1588Q1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Miti Electronics is U51909TN1997PTC039326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miti Electronics has 1 court case on record: 1 filed by the company. 1 is pending.
Miti Electronics was incorporated on 27 October 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Miti Electronics by revenue are B Medical Systems India Private Limited, PS Medical Systems Private Limited, Naveen Surgical Pvt Ltd, New Friends Company (Chemists) Private Limited, Ak Medical Technology Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Karuppanan Komathy ceased to be Additional Director on 21 Jan 2019. Varalakshmi was appointed as Director on 30 Nov 2001. Gopalakrishnan Vimal Raj was appointed as Director on 27 Oct 1997.