Mag Finserv Company Profile
Key Indicators
- Authorised Capital ₹ 37.00 Cr
- Paid Up Capital ₹ 21.55 Cr
- Company Age 29 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 155.57 Cr
- Satisfied Charges ₹ 51.26 Cr
- Revenue Growth 19.66%
- Profit Growth 27.74%
- Ebitda 17.71%
- Net Worth 12.04%
- Total Assets 32.63%
About Mag Finserv Company
Mag Finserv Company Limited (MFCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 06 April 1995 and has a history of 29 years and ten months. Its registered office is in Phaltan, Maharashtra, India.
The Corporate was formerly known as Bhonsale Leasing And Finance Company Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 37.00 Cr and a paid-up capital of Rs 21.55 Cr.
The company currently has active open charges totaling ₹155.57 Cr. The company has closed loans amounting to ₹51.26 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mag Finserv Company Limited India are Nilesh Pandit as CFO and Durga Walimbe as Company Secretary. Ananta Mohotkar, Sunita Mohotkar, Ganpat Mohatkar, and Three other members serve as directors at the Company.
Company Details
- Location
Phaltan, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U65910MH1995PLC087270
- Company No.
087270
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 Apr 1995
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Pune
Industry
Who are the key members and board of directors at Mag Finserv Company?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ananta Mohotkar  | Managing Director | 27-Jul-2006 | Current |
| Nilesh Pandit | CFO | 01-Apr-2019 | Current |
| Durga Walimbe | Company Secretary | 30-Sep-2021 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sunita Mohotkar | Director | 14-Sep-2005 | Current |
| Ganpat Mohatkar | Director | 14-Sep-2005 | Current |
| Ravindra Velankar | Director | 24-Apr-2012 | Current |
| Harikumar Ranganathan | Director | 19-Dec-2022 | Current |
| Ameya Tambekar | Director | 26-Jul-2021 | Current |
Financial Performance of Mag Finserv Company.
Mag Finserv Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.66% increase. The company also saw a substantial improvement in profitability, with a 27.74% increase in profit. The company's net worth Soared by an impressive increase of 12.04%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Mag Finserv Company?
In 2023, Mag Finserv Company had a promoter holding of 45.20% and a public holding of 54.80%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mag Nidhi LimitedGanpat Mohatkar is a mutual person
- Rrr Global Advisors Private Limited
Ameya Tambekar is a mutual person
Charges (Loans)
₹155.57 Cr
₹51.26 Cr
Charges Breakdown by Lending Institutions
- Others : 114.07 Cr
- State Bank Of India : 20.00 Cr
- The South Indian Bank Limited : 11.10 Cr
- Bank Of Maharashtra : 10.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2024 | Others | ₹2.50 Cr | Open |
| 29 Feb 2024 | Others | ₹7.00 Cr | Open |
| 30 Nov 2023 | Others | ₹1.00 Cr | Open |
| 29 Nov 2023 | Others | ₹10.00 Cr | Open |
| 31 Oct 2023 | Others | ₹5.00 Cr | Open |
How Many Employees Work at Mag Finserv Company?
Mag Finserv Company has a workforce of 323 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mag Finserv Company, 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 Mag Finserv Company'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.
