Mag Finserv Company Limited

Provides loans for agriculture, vehicles, equipment, SHGs, LIC policies, and gold ornaments.

1995 | Satara, Maharashtra (India) | Active
Last Updated:

Mag Finserv Company Profile

Key Indicators

  • Authorised Capital ₹ 37.00 Cr
  • Paid Up Capital ₹ 21.55 Cr
  • Company Age 29 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 169.07 Cr
  • Satisfied Charges ₹ 63.26 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 11 months. Its registered office is in Satara, Maharashtra, India.

The Corporate was formerly known as Bhonsale Leasing And Finance Company Private 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 2024. 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 ₹169.07 Cr. The company has closed loans amounting to ₹63.26 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mag Finserv Company Limited India are Durga Walimbe as COMPANY SECRETARY and Nilesh Pandit as Cfo. Ravindra Velankar, Ananta Mohotkar, Sunita Mohotkar, and Three other members serve as directors at the Company.

Company Details

  • Location

    Satara, 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 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Financial Services

Who are the key members and board of directors at Mag Finserv Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Durga Walimbe Country flag representing In Company Secretary30-Sep-2021Current
Ananta Mohotkar Country flag representing In Managing Director27-Jul-2006Current
Nilesh Pandit Country flag representing In CFO01-Apr-2019Current

Board Members (5)

NameDesignationAppointment DateStatus
Ravindra Velankar Country flag representing In Director 24-Apr-2012Current
Sunita Mohotkar Country flag representing In Director 14-Sep-2005Current
Ameya Tambekar Country flag representing In Director 26-Jul-2021Current
Ameya Mohotkar Director 30-Sep-2024Current
Harikumar Ranganathan Country flag representing In Director 19-Dec-2022Current

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%.

Mag Finserv Company revenue growth over time
Mag Finserv Company profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
19.66%
Revenue from Operations
18.74%
Total Assets
32.63%
Profit or Loss
27.74%
Net Worth
12.04%
EBITDA
17.71%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹169.07 Cr

Satisfied Charges

₹63.26 Cr

Charges Breakdown by Lending Institutions

  • Others : 117.57 Cr
  • State Bank Of India : 20.00 Cr
  • The South Indian Bank Limited : 11.10 Cr
  • Bank Of Maharashtra : 10.40 Cr
  • Indian Overseas Bank : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Dec 2024Others₹1.00 CrOpen
23 Dec 2024Others₹3.00 CrOpen
28 Sep 2024Others₹3.00 CrOpen
18 Sep 2024Indian Overseas Bank₹10.00 CrOpen
29 Jun 2024Others₹5.00 CrOpen

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.

Employee growth trends for Mag Finserv Company Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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 Mag Finserv Company

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101035685 was registered on 30 Dec 2024.

  • Charges

    A charge with Others amounted to Rs. 3.00 Cr with Charge ID 101031620 was registered on 23 Dec 2024.

  • Charges

    A charge registered on 04 Oct 2023 via Charge ID 100803457 with Others was fully satisfied on 16 Oct 2024.

  • Annual General Meeting

    Mag Finserv Company Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Ameya Ananta Mohotkar was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 5 months 27 days .

  • Charges

    A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100992120 was registered on 28 Sep 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Mag Finserv Company Limited?

    Mag Finserv Company Limited was incorporated on 06 Apr 1995.

  • What is authorized share capital and paid-up capital of Mag Finserv Company Limited?

    The authorized share capital of Mag Finserv Company Limited is ₹ 37.00 Cr and paid-up capital is ₹ 21.55 Cr.

  • Who are the current board members & directors of Mag Finserv Company Limited?

    Currently 8 directors are associated with Mag Finserv Company Limited.

    • Durga Prakash Walimbe
    • Ravindra Dattatraya Velankar
    • Ananta Ganpatrao Mohotkar
    • Sunita Ananta Mohotkar
    • Ameya Dilip Tambekar
    • Nilesh Vilas Pandit
    • Ameya Ananta Mohotkar
    • Harikumar Ranganathan

  • What is the registered address of Mag Finserv Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mag Finserv Company Limited is Dr. Babasaheb Ambedkar Chowk Opp. Nagarpalika Raviwar Peth, India, Phaltan, Maharashtra, 415523.

  • What is the corporate identification number (CIN) and company number of Mag Finserv Company Limited?

    The corporate identification number (CIN) of Mag Finserv Company Limited is U65910MH1995PLC087270 and the company number is 087270 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mag Finserv Company Limited?

    The Official website of Mag Finserv Company Limited is https://www.magfinserv.in

  • What has been the recent revenue trend for Mag Finserv Company Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mag Finserv Company Limited has risen by 19.66%.

  • How many employees does Mag Finserv Company Limited currently have?

    As Per 2023 financial reports, 323 employees are currently employed by Mag Finserv Company Limited.

  • What change has been observed in the net worth of Mag Finserv Company Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mag Finserv Company Limited has experienced an upsurge of 12.04%.

  • What are the total open charges for Mag Finserv Company Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mag Finserv Company Limited amount to ₹ 169.07 Cr.

  • When was the last Balance Sheet of Mag Finserv Company Limited filed with the ROC?

    The most recent Balance Sheet for Mag Finserv Company Limited was filed with the ROC on 31 Mar 2024.

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