MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-03-0004462
Mgi India Private Ltd - healthcare in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.99 Cr
▲ 53% YoY
Net loss · FY 2024
₹16.26 Lakh
Net margin -0.7%
EBITDA · FY 2024
₹11.27 Lakh
EBITDA margin 0.5%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹11.45 Cr
Satisfied ₹15.55 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
3
Provident fund records
About Mgi India Private Ltd
Data last updated:
Mgi India Private Ltd is a private limited company based in New Delhi, Delhi, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 17 April 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U33111DL2001PTC110428. Its GSTIN is 27AACCM4743P1ZZ (Maharashtra). The company holds 13 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Ashok Chandra (Managing Director) and Vidur Chandra.
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 Property Bearing No 105 First Floor New Mangla Puri M.G Road, New Delhi, Delhi, India – 110030.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.99 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net loss of ₹16.26 Lakh (net margin -0.7%) and EBITDA of ₹11.27 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 10% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.45 Cr and satisfied charges of ₹15.55 Cr on record. Court records list 52 cases involving the company, including 11 filed by the company and 41 filed against it; 14 cases are pending.
Mgi India Private Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-03-0004462). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgi-india.in.
Company details
CIN U33111DL2001PTC110428
Registration Number 110428
Incorporation Date 17 April 2001
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-03-0004462
Recognitions & Rankings of Mgi India
Contact details
Mgi India Private Ltd's registered office is in New Delhi, Delhi. Its website is mgi-india.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressProperty Bearing No 105 First Floor New Mangla Puri M.G Road, New Delhi, Delhi, India – 110030
- IndustryHealthcare, Medical & Laboratory Equipment, Hospital Infrastructure & Equipment Providers
To see the full contact details of Mgi India Private Ltd, buy the company report.
Comprehensive company report
Mgi India Private Ltd - 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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Secure checkout · GST invoice included
Business activity
The main business activity of Mgi India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Mgi India Private Ltd, buy the company report.
Financials of Mgi India Private Ltd
FY 2025 filings availableMgi India Private Ltd reported revenue of ₹22.99 Cr (up 53% YoY) for FY 2024.
Revenue · FY 2024
₹22.99 Cr ▲ 53%
Net loss · FY 2024
₹16.26 Lakh margin -0.7%
EBITDA · FY 2024
₹11.27 Lakh margin 0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 52%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 92%
3 years · compounded
▲ 29%
5 years · compounded
▼ 43%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 53% growth in the latest year. EBITDA fell 92% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹11.27 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.26 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | -0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mgi India Private Ltd, buy the company report.
Board of directors of Mgi India Private Ltd
Mgi India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidur Chandra | Director | 15 Jan 2004 | 22 Years 9 Months | Current |
| Ashok Chandra Also directs: Pramba International Private Limited | Managing Director | 15 Jan 2004 | 22 Years 9 Months | Current |
Auditor
Mgi India Private Ltd is audited by LAVLESH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAVLESH & ASSOCIATES | FY 2023 | 089961 |
Shareholding
The shareholding of Mgi India Private Ltd 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mgi India Private Ltd, buy the company report.
Charges & borrowings
Open charges
₹11.45 Cr
Satisfied charges
₹15.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2020 | 100379100 | Others | ₹80 Lakh | Open | |
| 28 Jul 2004 | 90039195 | Oriental Bank of Commerce | ₹15 Lakh | Open | |
| 01 Jun 2002 | 90037314 | Oriental Bank of Commerce | ₹10.5 Cr | Open | |
| 06 Jun 2009 | 10164181 | Oriental Bank of Commerce | ₹5.4 Cr | Satisfied | |
| 05 Jun 2009 | 10164183 | Oriental Bank of Commerce | ₹5.4 Cr | Satisfied |
To see the full charge records of Mgi India Private Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
Mgi India Private Ltd has 52 court cases on record: 11 filed by Mgi India, 41 filed against it. 14 cases are pending and 38 are disposed.
Total cases
52
Filed by the company
11
Filed against the company
41
Pending
14
Disposed
38
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 25 | 2 |
| High courts | 18 | 16 | 6 |
| Supreme Court | 6 | 0 | 6 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by M/S International Design and Engineering Solutions Pvt. Ltd. | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against M/S International Design and Engineering Solutions Pvt. Ltd | Pending |
| District court, South, Delhi | Commercial suit | Filed against the company by Metaflex Doors India Pvt. Ltd. | Disposed |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by Sarvottam Appliances Pvt Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by M/S International Design and Engineering Solutions Pvt Ltd | Disposed |
To see the full case history of Mgi India Private Ltd, 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.
Credit ratings & regulatory alerts
Mgi India Private Ltd was last rated by Indiarating on 24 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 24 Dec 2019 |
To see the full credit ratings and regulatory alerts of Mgi India Private Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mgi India Private Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mgi India Private Ltd has a workforce of 3 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-25%
GST
Mgi India has 13 GST registrations: 1 active and 12 cancelled or inactive.
Total GSTINs
13
Active
1
Cancelled / inactive
12
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM4743P1ZZ | Maharashtra | Active | 24 Feb 2020 |
To see the full GST registrations and return filing status of Mgi India Private Ltd, buy the company report.
Recent activity
Mgi India Private Ltd has 8 board changes on record since 2004: 2 appointments and 6 cessations. The latest: Meena Chandra ceased to be Director on 07 Feb 2019.
AGM
Mgi India Private Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mgi India Private Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 100379100 was registered on 20 Oct 2020.
Ceased
Meena Chandra ceased to be Director.
Ceased
Vishal Kumar Gulati ceased to be Director.
Charges
A charge registered on 06 Jun 2009 via Charge ID 10164181 with Oriental Bank Of Commerce was fully satisfied on 28 Jan 2016.
Charges
A charge registered on 05 Jun 2009 via Charge ID 10164183 with Oriental Bank Of Commerce was fully satisfied on 28 Jan 2016.
Charges
A charge with Oriental Bank Of Commerce of Rs. 10.50 Cr registered on 01 Jun 2002 with Charge ID 90037314 was modified on 04 Mar 2014.
Ceased
Anil Kumar Goyal ceased to be Nominee Director.
Ceased
Arun Mitter ceased to be Director.
Ceased
Puneet Nikore ceased to be Nominee Director.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 5.40 Cr with Charge ID 10164181 was registered on 06 Jun 2009.
10 earlier events are in the company report.
Frequently asked questions
Mgi India is an active private limited company based in New Delhi, Delhi, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 17 April 2001 (25+ years old) and is registered under CIN U33111DL2001PTC110428.
Mgi India has 2 current directors:
- Ashok Chandra - Managing Director
- Vidur Chandra - Director
The latest financial statements of Mgi India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mgi India is 27AACCM4743P1ZZ, registered in Maharashtra. The company has 13 GST registrations in all, of which 1 is active and 12 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mgi India is U33111DL2001PTC110428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mgi India has 52 court cases on record: 11 filed by the company and 41 filed against it. 14 are pending. Most are in the district courts.
Mgi India was incorporated on 17 April 2001, making it 25+ years old. It is registered with the Registrar of Companies, Delhi.
Meena Chandra ceased to be Director on 07 Feb 2019. Vishal Kumar Gulati ceased to be Director on 27 Jan 2017. Anil Kumar Goyal ceased to be Nominee Director on 28 Dec 2013. Mgi India has 8 board changes on record in total.
Yes, Mgi India is registered as a small enterprise under Udyam registration (number: UDYAM-DL-03-0004462).
Mgi India can be reached through the website mgi-india.in. Its registered office is in New Delhi, Delhi, India.
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