Mag Finserv Company Limited logo

Mag Finserv Company Limited

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

1995 Phaltan, Maharashtra (India) Active

About

Basic Data Updated:

2 months ago
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 five 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 Finance And Insurance 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 Corporate currently has active open charges totaling ₹155.57 cr. It has already closed loans amounting to ₹51.26 cr, as per the 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.

Industry

Company Details

  • Location

    Phaltan, Maharashtra, India

  • Website
    12224421
  • Telephone
    12224421
  • Email Address
    12224421
  • Social Media
    12224421
CIN/LLPIN/FCRNU65910MH1995PLC087270
Company No.087270
Company ClassificationPublic Limited Indian Non-Government Company
Incorporation Date06 Apr 1995
Date of AGM30 Sep 2023
Date of Balance Sheet31 Mar 2023
Listing StatusUnlisted
ROC CodeRoc Pune

Financials of Mag Finserv Company Limited

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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%.

Corporate Structure

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Unlock access to Mag Finserv Company's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

People in Mag Finserv Company Limited

Executive Team (3)

  • AM

    Ananta Mohotkar In Managing Director

    Appointment Date: 27-Jul-2006

    Status: Current

  • NP

    Nilesh Pandit In CFO

    Appointment Date: 01-Apr-2019

    Status: Current

  • DW

    Durga Walimbe In Company Secretary

    Appointment Date: 30-Sep-2021

    Status: Current

Board Members(5)

Charges (Loans)

Open Charges Satisfied Charges

₹155.57 cr

₹51.26 cr

LenderAmountStatus

Others

Creation Date: 26 Mar 2024
₹2.50 CrOpen

Others

Creation Date: 29 Feb 2024
₹7.00 CrOpen

Others

Creation Date: 30 Nov 2023
₹1.00 CrOpen

Deals i

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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

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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.

Alert

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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.

Related Corporates (Common Directorship)

  • Mag Nidhi Limited

    Mag Nidhi Limited

    Active build-icon 5 years 10 months

    Ganpat Mohatkar is a mutual person

  • Rrr Global Advisors Private Limited

    Rrr Global Advisors Private Limited

    Active build-icon 5 years 9 months

    Ameya Tambekar is a mutual person

Recent activity within the organization

  • Activity

    Charges

    A charge with Others amounted to Rs. 2.50 cr with Charge ID 100894320 was registered on 26 Mar 2024.

    26 Mar 2024
  • Activity

    Charges

    A charge with Others amounted to Rs. 7.00 cr with Charge ID 100881532 was registered on 29 Feb 2024.

    29 Feb 2024
  • Activity

    Charges

    A charge with Others amounted to Rs. 1.00 cr with Charge ID 100831785 was registered on 30 Nov 2023.

    30 Nov 2023
  • Activity

    Charges

    A charge with Others amounted to Rs. 10.00 cr with Charge ID 100828182 was registered on 29 Nov 2023.

    29 Nov 2023
  • Activity

    Charges

    A charge with Others amounted to Rs. 5.00 cr with Charge ID 100814387 was registered on 31 Oct 2023.

    31 Oct 2023

Frequently asked questions

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

Mag Finserv Company Limited was incorporated 29 years 5 months ago on 06 Apr 1995 with Registrar of Companies Roc Pune.

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