MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0051253
Ry Midas Metacast Private Limited
Ry Midas Metacast Private Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹54.9 Cr
▲ 5% YoY
Net profit · FY 2025
₹15.39 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹1.75 Cr
EBITDA margin 3.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.92 Cr
Issued & subscribed
Open charges
₹8.56 Cr
Satisfied ₹5.68 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
13
Provident fund records
About Ry Midas Metacast Private Limited
Data last updated:
Ry Midas Metacast Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28112GJ2009PTC057937. Its GSTIN is 24AAECR5807M1Z5 (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.92 Cr. It is led by directors Nareshkumar Bansilal Shah and Harshit Jagdish Shah.
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 A – 21 Zaveri Industrial Estate Kathwada Road Kathwada, Ahmedabad, Gujarat, India – 382430.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.9 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹15.39 Lakh (net margin 0.3%) and EBITDA of ₹1.75 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 13% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.56 Cr and satisfied charges of ₹5.68 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 1 case is pending.
Ry Midas Metacast Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0051253). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U28112GJ2009PTC057937
Registration Number 057937
Incorporation Date 01 September 2009
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-01-0051253
Recognitions & Rankings of Ry Midas Metacast
Contact details
Ry Midas Metacast Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 21 Zaveri Industrial Estate Kathwada Road Kathwada, Ahmedabad, Gujarat, India – 382430
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Ry Midas Metacast Private Limited, buy the company report.
Comprehensive company report
Ry Midas Metacast Private 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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Business activity
The main business activity of Ry Midas Metacast is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ry Midas Metacast Private Limited, buy the company report.
Financials of Ry Midas Metacast Private Limited
FY 2025 filings availableRy Midas Metacast Private Limited reported revenue of ₹54.9 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹54.9 Cr ▲ 5%
Net profit · FY 2025
₹15.39 Lakh margin 0.3%
EBITDA · FY 2025
₹1.75 Cr margin 3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▼ 34%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 6%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 5% growth in the latest year. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Ry Midas Metacast Private Limited, buy the company report.
Board of directors of Ry Midas Metacast Private Limited
Ry Midas Metacast has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nareshkumar Bansilal Shah | Director | 29 Jan 2020 | 6 Years 9 Months | Current |
| Harshit Jagdish Shah Also directs: North Star Metal Recyclers Private Limited | Director | 07 Dec 2020 | 5 Years 11 Months | Current |
Peer comparison
Ry Midas Metacast Private Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Metals), 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 |
|---|---|---|---|---|---|---|
| SRG Aluminium Private Limited | ₹55.29 Cr (FY 2024) | -9.0% | Gwalior, Madhya Pradesh, India | |||
| Govind Tubes and Pipes Private Limited | ₹55.2 Cr (FY 2024) | 152.0% | Raipur, Chhattisgarh, India | |||
| SV Metals and Extrusions Private Limited | ₹55.16 Cr (FY 2024) | 38.0% | Delhi, India | |||
| Maheshwari Silver Alloys Private Limited | ₹55.15 Cr (FY 2025) | 33.0% | Meerut, Uttar Pradesh, India | |||
| Anandi Metal Industries Private Limited | ₹55.02 Cr (FY 2025) | 75.0% | Kanpur, Uttar Pradesh, India | |||
| Ry Midas Metacast Private Limitedthis company | ₹54.9 Cr (FY 2025) | ₹15.39 Lakh | 0.3% | 5.0% | 13 | Ahmedabad, Gujarat, India |
| Arun Smelters Private Limited | ₹54.71 Cr (FY 2025) | 41.0% | Chennai, Tamil Nadu, India | |||
| Balark Metals Private Limited | ₹54.39 Cr (FY 2025) | -5.0% | Jamnagar, Gujarat, India | |||
| Sewa Kunj Alloys Private Limited | ₹54.23 Cr (FY 2016) | -12.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Ry Midas Metacast Private Limited, buy the company report.
Auditor
Ry Midas Metacast Private Limited is audited by PRASHANT MALIWAL AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRASHANT MALIWAL AND ASSOCIATES | FY 2022 | 146013W |
Shareholding
The shareholding of Ry Midas Metacast Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ry Midas Metacast Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.56 Cr
Satisfied charges
₹5.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2022 | 100557442 | Axis Bank Limited | ₹1 Cr | Open | |
| 30 Jul 2020 | 100371553 | Axis Bank Limited | ₹75 Lakh | Open | |
| 25 Oct 2013 | 10461635 | Axis Bank Limited | ₹4.61 Lakh | Open | |
| 18 Oct 2013 | 10460101 | Axis Bank Limited | ₹6.76 Cr | Open | |
| 11 Jul 2013 | 10446772 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Ry Midas Metacast Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ry Midas Metacast Private Limited has 9 court cases on record: 7 filed by Ry Midas Metacast, 2 filed against it. 1 case is pending and 8 are disposed.
Total cases
9
Filed by the company
7
Filed against the company
2
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 0 |
| High courts | 3 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against Unique Cookware India Pvt. Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against PMC Imports Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against PMC Imports Pvt. Ltd. and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Ry Midas Metacast 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 Ry Midas Metacast Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ry Midas Metacast Private Limited has a workforce of 13 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-40.91%
GST
Ry Midas Metacast has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECR5807M1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ry Midas Metacast Private Limited, buy the company report.
Recent activity
Ry Midas Metacast Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Nilesh Kailashchand Shah ceased to be Director on 24 Dec 2020.
AGM
Ry Midas Metacast Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ry Midas Metacast Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited of Rs. 1.00 Cr registered on 07 Feb 2022 with Charge ID 100557442 was modified on 13 Jun 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100557442 was registered on 07 Feb 2022.
Ceased
Nilesh Kailashchand Shah ceased to be Director.
Appointed
Harshit Jagdish Shah was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100371553 was registered on 30 Jul 2020.
Appointed
Nareshkumar Bansilal Shah was appointed as Director.
Ceased
Rajendra Ramswaroop Shah ceased to be Director.
Ceased
Jagdiishchandra Baluramji Shah ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 6.76 Cr registered on 18 Oct 2013 with Charge ID 10460101 was modified on 10 Sep 2018.
Charges
A charge registered on 11 Jul 2013 via Charge ID 10446772 with Axis Bank Limited was fully satisfied on 01 Aug 2018.
8 earlier events are in the company report.
Frequently asked questions
Ry Midas Metacast is an active private limited company based in Ahmedabad, Gujarat, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 September 2009 (17+ years old) and is registered under CIN U28112GJ2009PTC057937.
Ry Midas Metacast has 2 current directors:
- Nareshkumar Bansilal Shah - Director
- Harshit Jagdish Shah - Director
The latest financial statements of Ry Midas Metacast 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 Ry Midas Metacast is 24AAECR5807M1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Ry Midas Metacast is U28112GJ2009PTC057937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ry Midas Metacast has 9 court cases on record: 7 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Ry Midas Metacast was incorporated on 01 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ry Midas Metacast by revenue are SRG Aluminium Private Limited, Govind Tubes and Pipes Private Limited, SV Metals and Extrusions Private Limited, Maheshwari Silver Alloys Private Limited, Anandi Metal Industries Private Limited and 3 more, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Nilesh Kailashchand Shah ceased to be Director on 24 Dec 2020. Harshit Jagdish Shah was appointed as Director on 07 Dec 2020. Nareshkumar Bansilal Shah was appointed as Director on 29 Jan 2020. Ry Midas Metacast has 5 board changes on record in total.
Yes, Ry Midas Metacast is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0051253).
The registered office of Ry Midas Metacast is at A – 21 Zaveri Industrial Estate Kathwada Road Kathwada, Ahmedabad, Gujarat, India – 382430.
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