Hy-Magnetics Pvt Ltd
Manufactures electromagnetic components and specializes in chokes, coils, and transformers.
1980 | Hyderabad, Telangana (India) | Active
Hy-Magnetics Profile
Key Indicators
- Authorised Capital ₹ 0.20 M
- Paid Up Capital ₹ 0.20 M
- Company Age 44 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 1.94 M
- Revenue Growth -39.67%
- Profit Growth -133.60%
- Ebitda -216.40%
- Net Worth -8.02%
- Total Assets -9.31%
About Hy-Magnetics
Hy-Magnetics Pvt Ltd (HPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 September 1980 and has a history of 44 years and six months. Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.20 M and a paid-up capital of Rs 0.20 M.
The company has closed loans amounting to ₹1.94 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Natesh Nanjundaiah, Venkateswara China, and Anand Natesh serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31909TG1980PTC002780
- Company No.
002780
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Sep 1980
- Date of AGM
28 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Information Technology
Who are the key members and board of directors at Hy-Magnetics?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Natesh Nanjundaiah  | Managing Director | 12-Sep-1980 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Anand Natesh | Additional Director | 09-Apr-2021 | Current |
| Venkateswara China | Director | 12-Sep-1980 | Current |
Financial Performance of Hy-Magnetics.
Hy-Magnetics Pvt Ltd, for the financial year ended 2022, experienced significant reduction in revenue, with a 39.67% decrease. The company also saw a substantial fall in profitability, with a 133.6% decrease in profit. The company's net worth dipped by a decrease of 8.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Hy-Magnetics?
In 2018, Hy-Magnetics had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Neotrax Educational Services Private Limited
Venkateswara China is a mutual person
- Sri Vijaya Educational Academy
Venkateswara China is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹1.94 M
Charges Breakdown by Lending Institutions
- Indian Overseas Bank : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2004 | Indian Overseas Bank | ₹0.50 M | Satisfied |
| 22 Jan 1994 | Indian Overseas Bank | ₹0.30 M | Satisfied |
| 18 Oct 1989 | Indian Overseas Bank | ₹0.70 M | Satisfied |
| 17 Aug 1984 | Indian Overseas Bank | ₹0.14 M | Satisfied |
| 26 Jun 1981 | Indian Overseas Bank | ₹0.24 M | Satisfied |
How Many Employees Work at Hy-Magnetics?
Unlock and access historical data on people associated with Hy-Magnetics, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Hy-Magnetics, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Hy-Magnetics's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Hy-Magnetics
Recent activity within the organization
- Annual General Meeting
Hy-Magnetics Pvt Ltd last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
- Balance Sheet
Hy-Magnetics Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Director Appointment
Anand Natesh was appointed as a Additional Director was appointed as a Additional Director on 09 Apr 2021 & has been associated with this company since 3 years 11 months .
- Charges
A charge registered on 26 Mar 2004 via Charge ID 90140300 with Indian Overseas Bank was fully satisfied on 07 Mar 2013.
- Charges
A charge registered on 22 Jan 1994 via Charge ID 90139870 with Indian Overseas Bank was fully satisfied on 07 Mar 2013.
- Charges
A charge registered on 18 Oct 1989 via Charge ID 90139718 with Indian Overseas Bank was fully satisfied on 07 Mar 2013.
Frequently asked questions
What is the Incorporation or founding date of Hy-Magnetics Pvt Ltd?
Hy-Magnetics Pvt Ltd was incorporated on 12 Sep 1980.
What is authorized share capital and paid-up capital of Hy-Magnetics Pvt Ltd?
The authorized share capital of Hy-Magnetics Pvt Ltd is ₹ 0.20 M and paid-up capital is ₹ 0.20 M.
Who are the current board members & directors of Hy-Magnetics Pvt Ltd?
Currently 3 directors are associated with Hy-Magnetics Pvt Ltd.
- Natesh Nanjundaiah
- Venkateswara Rao Vellanki China
- Anand Natesh
What is the registered address of Hy-Magnetics Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Hy-Magnetics Pvt Ltd is 36 Phase Ii Electroniccomplex Kushaiguda, Hyderabad India, Andhra Pradesh, Telangana, 500062.
What is the corporate identification number (CIN) and company number of Hy-Magnetics Pvt Ltd?
The corporate identification number (CIN) of Hy-Magnetics Pvt Ltd is U31909TG1980PTC002780 and the company number is 002780 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Hy-Magnetics Pvt Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Hy-Magnetics Pvt Ltd has fallen by -39.67%.
What change has been observed in the net worth of Hy-Magnetics Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Hy-Magnetics Pvt Ltd has experienced an downturn of -8.02%.
When was the last Balance Sheet of Hy-Magnetics Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Hy-Magnetics Pvt Ltd was filed with the ROC on 31 Mar 2024.