About Mica Industries Limited
Data last updated:
Mica Industries Limited is a public limited company based in Rajouri Garden, Delhi, 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 cable and wire segment of the manufacturing sector. It was incorporated on 07 April 2005.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2005PLC134809. Its GSTIN is 08AAECM2486K1Z3 (Rajasthan). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.11 Cr. It was formerly known as Mica Wires Limited and Mica Wires Private Limited. It is led by directors including Vinay Gupta and Usha Kumari Gupta.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at A – 36 Iind Floor, Rajouri Garden, Delhi, India – 110027.
As per the financials filed for FY 2018, the company reported a revenue of ₹340.37 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹2.83 Cr (net margin -0.8%) and EBITDA of ₹14.39 Cr (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 162 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹158.19 Cr and satisfied charges of ₹448.76 Cr on record. Court records list 134 cases involving the company, including 41 filed by the company and 93 filed against it; 32 cases are pending. The company has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹16.68 Cr; the latest was in October 2013. Its 5 peer companies in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Golkonda Engineering Enterprises Limited with revenue of ₹348.42 Cr.
The last known website on record is micaindustriesltd.com.
Company details
Name history
Mica Industries has undergone 3 name changes throughout its history. The company was previously known as Mica Wires Limited, Mica Wires Private Limited, and Mica Wires Limited. The current legal name is Mica Industries Limited.
| Company Name | Status |
|---|---|
| Mica Industries Limited | Current |
| Mica Wires Limited | Previous |
| Mica Wires Private Limited | Previous |
| Mica Wires Limited | Previous |
CIN history
Mica Industries has one previous CIN (Corporate Identification Number): U74999DL2005PTC134809. The current CIN is U74999DL2005PLC134809, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL2005PLC134809 | Current |
| U74999DL2005PTC134809 | Previous |
Contact details
Mica Industries Limited's registered office is in Rajouri Garden, Delhi. Its website is micaindustriesltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 36 Iind Floor, Rajouri Garden, Delhi, India – 110027
- IndustryManufacturing, Cable & Wire
To see the full contact details of Mica Industries 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 activities of Mica Industries are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mica Industries Limited, buy the company report.
Financials of Mica Industries Limited
FY 2018 filings availableMica Industries Limited reported revenue of ₹340.37 Cr (up 21% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 21% growth in the latest year. EBITDA fell 24% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹14.39 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.83 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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| Trade Receivables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.2% | |||
| Net Profit Margin | -0.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Mica Industries Limited, buy the company report.
Board of directors of Mica Industries Limited
Mica Industries has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Gupta | Director | 07 Apr 2005 | 21 Years 6 Months | As last reported |
| Usha Kumari Gupta | Director | 11 Apr 2022 | 4 Years 6 Months | As last reported |
| Vishveshwar Nath Gupta | Director | 05 Sep 2005 | 21 Years 1 Months | As last reported |
| Bhim Sain Goyal Also directs: Rudra Ecovation Limited, Dayason Overseas Private Limited, Mani Compusoft Private Limited and 1 more | Irp/Rp/Liquidator | 05 Mar 2024 | 2 Years 7 Months | As last reported |
| Vikas Goel | Director | 07 Apr 2005 | 21 Years 6 Months | As last reported |
Peer comparison
Mica Industries Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Golkonda Engineering Enterprises Limited | ₹348.42 Cr (FY 2024) | 9.0% | Secunderabad, Telangana, India | |||
| The Indian Steel & Wire Products Ltd | ₹344.5 Cr (FY 2023) | -5.0% | Kolkata, West Bengal, India | |||
| J D Sons Steels Private Limited | ₹340.76 Cr (FY 2025) | -1.0% | Faridabad, Haryana, India | |||
| Mica Industries Limitedthis company | ₹340.37 Cr (FY 2018) | -₹2.83 Cr | -0.8% | 21.0% | 162 | Rajouri Garden, Delhi, India |
| Passion Industries Private Limited | ₹334.78 Cr (FY 2025) | 27.0% | Rohtak, Haryana, India | |||
| Gee Limited | ₹334.11 Cr (FY 2025) | -10.0% | Thane, Maharashtra, India |
To see the full peer comparison of Mica Industries Limited, buy the company report.
Auditor
Mica Industries Limited is audited by Naveen Sanghi & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Naveen Sanghi & Co. | FY 2017 | 023508N |
Shareholding
The shareholding of Mica Industries Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mica Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2018 | 100199055 | Others | ₹33.5 Cr | Open | |
| 09 Aug 2018 | 100199053 | Others | ₹4 Cr | Open | |
| 31 Aug 2016 | 100052522 | Others | ₹60 Lakh | Open | |
| 31 Aug 2016 | 100052516 | Others | ₹1.4 Cr | Open | |
| 15 Jun 2016 | 100051513 | Others | ₹15 Cr | Open |
To see the full charge records of Mica Industries Limited, buy the company report.
Total charge records: 44 View all charges
Deals & funding
Mica Industries Limited has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹16.68 Cr; the latest was in October 2013.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Funding round | ₹2.48 Cr | Investors: Ocean Buildtech Private Limited , 2 individuals |
| Oct 2012 | Funding round | ₹4.05 Cr | Investors: Ocean Buildtech Private Limited |
| Mar 2012 | Funding round | ₹1.05 Cr | Investors: Ocean Buildtech Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Ocean Buildtech Private Limited Seller: Top - Tech Cables Private Limited, Bliss Equity Private Limited , Maa Taluka Buildcon Private Limited |
| Mar 2010 | Funding round | ₹3.3 Cr | Investors: Top - Tech Cables Private Limited, Bliss Equity Private Limited , Raj K Mercantile Corporation Limited |
To see the full deal history of Mica Industries 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
Mica Industries Limited has 134 court cases on record: 41 filed by Mica Industries, 93 filed against it. 32 cases are pending and 102 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 81 | 62 | 26 |
| High courts | 32 | 14 | 2 |
| NCLAT | 17 | 15 | 3 |
| NCLT | 3 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 134)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Oswal Minerals Ltd Rep. by Its Authorized Signatory Mr. K. Anand Kumar | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Gail India Limited | Pending |
| NCLT, NCLT New Delhi | Insolvency matter | Filed by the company against Ashika Credit Capital Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Edelweiss Retail Finance Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ashika Credit Capital Ltd. | Pending |
To see the full case history of Mica Industries 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 Mica Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mica Industries Limited has a workforce of 162 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Mica Industries has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAECM2486K1Z3 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mica Industries Limited, buy the company report.
Recent activity
Mica Industries Limited has 13 board changes on record since 2005: 5 appointments and 8 cessations. The latest: Bhim Sain Goyal was appointed as Irp/Rp/Liquidator on 05 Mar 2024.
88 earlier events are in the company report.
Frequently asked questions
Mica Industries 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.
Mica Industries is a company under insolvency, formerly operating as a public limited company based in Rajouri Garden, Delhi, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 07 April 2005 and is registered under CIN U74999DL2005PLC134809. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mica Industries has 5 current directors:
- Vinay Gupta - Director
- Usha Kumari Gupta - Director
- Vishveshwar Nath Gupta - Director
- Vikas Goel - Director
- Bhim Sain Goyal - Irp/Rp/Liquidator
The latest financial statements of Mica Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mica Industries is U74999DL2005PLC134809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mica Industries has open charges of ₹158.19 Cr and satisfied charges of ₹448.76 Cr as per latest MCA filings.
Mica Industries has 134 court cases on record: 41 filed by the company and 93 filed against it. 32 are pending. Most are in the district courts.
Mica Industries was incorporated on 07 April 2005. It is registered with the Registrar of Companies, Delhi.
Mica Industries has 17 deals on record (11 secondary share transfers, 6 funding rounds), with disclosed funding of ₹16.68 Cr; the latest was in October 2013.
The peers of Mica Industries by revenue are Golkonda Engineering Enterprises Limited, The Indian Steel & Wire Products Ltd, J D Sons Steels Private Limited, Passion Industries Private Limited, Gee Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products).
Bhim Sain Goyal was appointed as Irp/Rp/Liquidator on 05 Mar 2024. Usha Kumari Gupta was appointed as Director on 11 Apr 2022. Promila Gupta ceased to be Director on 15 Oct 2018. Mica Industries has 13 board changes on record in total.
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