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 30 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 181.07 Cr
  • Satisfied Charges ₹ 67.26 Cr
  • Revenue Growth 53.88%
  • Profit Growth 50.38%
  • Ebitda 54.52%
  • Net Worth 28.48%
  • Total Assets 31.70%

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 30 years and one month. Its registered office is in Satara, 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 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 ₹181.07 Cr. The company has closed loans amounting to ₹67.26 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. Ananta Mohotkar, Sunita Mohotkar, Ravindra Velankar, and Four 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
Company report

Mag Finserv Company Limited

Explore comprehensive data for Mag Finserv Company Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (3)

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

Board Members (6)

NameDesignationAppointment DateStatus
Sunita Mohotkar Country flag representing In Director 14-Sep-2005Current
Ravindra Velankar Country flag representing In Director 24-Apr-2012Current
Ameya Tambekar Country flag representing In Director 26-Jul-2021Current
Harikumar Ranganathan Country flag representing In Director 19-Dec-2022Current
Ameya Mohotkar Director 30-Sep-2024Current
Sunil Unde Additional Director 07-Mar-2025Current

Financial Performance of Mag Finserv Company.

Mag Finserv Company Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 53.88% increase. The company also saw a substantial improvement in profitability, with a 50.38% increase in profit. The company's net worth Soared by an impressive increase of 28.48%.

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
53.88%
Revenue from Operations
54.98%
Total Assets
31.70%
Profit or Loss
50.38%
Net Worth
28.48%
EBITDA
54.52%

What is the Ownership and Shareholding Structure of Mag Finserv Company?

In 2024, 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

₹181.07 Cr

Satisfied Charges

₹67.26 Cr

Charges Breakdown by Lending Institutions

  • Others : 129.57 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
14 Mar 2025Others₹13.00 CrOpen
06 Feb 2025Others₹3.00 CrOpen
30 Dec 2024Others₹1.00 CrOpen
23 Dec 2024Others₹3.00 CrOpen
28 Sep 2024Others₹3.00 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. 13.00 Cr with Charge ID 101069608 was registered on 14 Mar 2025.

  • Director Appointment

    Sunil Prabhakar Unde was appointed as a Additional Director was appointed as a Additional Director on 07 Mar 2025 & has been associated with this company since 2 months 6 days .

  • Charges

    A charge registered on 26 Jul 2023 via Charge ID 100761382 with Others was fully satisfied on 06 Mar 2025.

  • Charges

    A charge registered on 01 Feb 2023 via Charge ID 100676609 with Others was fully satisfied on 27 Feb 2025.

  • Charges

    A charge with Others amounted to Rs. 3.00 Cr with Charge ID 101054997 was registered on 06 Feb 2025.

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101035685 was registered on 30 Dec 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 9 directors are associated with Mag Finserv Company Limited.

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

  • 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 2024, the revenue trend for Mag Finserv Company Limited has risen by 53.88%.

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

    As Per 2024 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 2024 indicates that The net worth of Mag Finserv Company Limited has experienced an upsurge of 28.48%.

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

    As per the financial statements for fiscal Year 2024, The total open charges for Mag Finserv Company Limited amount to ₹ 181.07 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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