Mag Solvics Private Limited

Manufactures and supplies textile testing instruments and equipment, ISO certified since 2005.

2005 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Mag Solvics Profile

Key Indicators

  • Authorised Capital ₹ 3.50 Cr
  • Paid Up Capital ₹ 3.34 Cr
  • Company Age 19 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 11.17 Cr
  • Satisfied Charges ₹ 10.10 Cr
  • Revenue Growth 12.43%
  • Profit Growth -0.65%
  • Ebitda 9.07%
  • Net Worth 2.36%
  • Total Assets 6.95%

About Mag Solvics

Mag Solvics Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 July 2005 and has a history of 19 years and nine months. Its registered office is in Coimbatore, Tamil Nadu, India.

The Company is engaged in the Machinery And Equipment 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 3.50 Cr and a paid-up capital of Rs 3.34 Cr.

The company currently has active open charges totaling ₹11.17 Cr. The company has closed loans amounting to ₹10.10 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rangaswamy Manikandamurthy, Gangadharan Mani, and Chidambaram Dhandayuthapani serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29261TZ2005PTC011986

  • Company No.

    011986

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Jul 2005

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Machinery and Equipment

What products or services does Mag Solvics Private Limited offer?

Mag Solvics Private Limited offers a wide range of products and services, including Testing & Measuring Equipments, Testing Equipment, Fabric Testing Equipment, Tensile Testing Machine, Textile Testing Equipment, Apparel & Textile Machinery, Dyeing Machinery, Wrapping & Banding Machines, Wrapping Machines, Reeling Machine.

Company report

Mag Solvics Private Limited

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

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

Executive Team (1)

NameDesignationAppointment DateStatus
Chidambaram Dhandayuthapani Country flag representing In Managing Director01-Apr-2015Current

Board Members (2)

NameDesignationAppointment DateStatus
Rangaswamy Manikandamurthy Country flag representing In Whole-Time Director 11-Jul-2005Current
Gangadharan Mani Country flag representing In Whole-Time Director 30-Nov-2007Current

Financial Performance of Mag Solvics.

Mag Solvics Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12.43% increase. The company also saw a slight decrease in profitability, with a 0.65% decrease in profit. The company's net worth moved up by a moderate rise of 2.36%.

Mag Solvics revenue growth over time
Mag Solvics 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
12.43%
Revenue from Operations
12.77%
Total Assets
6.95%
Profit or Loss
-0.65%
Net Worth
2.36%
EBITDA
9.07%

What is the Ownership and Shareholding Structure of Mag Solvics?

In 2023, Mag Solvics had a promoter holding of 84.05% and a public holding of 15.95%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹11.17 Cr

Satisfied Charges

₹10.10 Cr

Charges Breakdown by Lending Institutions

  • Others : 11.17 Cr

Latest Charge Details

DateLenderAmountStatus
13 Apr 2023Others₹1.70 MOpen
06 Jul 2020Others₹1.50 CrOpen
04 Jun 2018Others₹9.50 CrOpen
25 Nov 2021Others₹0.50 MSatisfied
17 Sep 2010Others₹6.85 CrSatisfied

How Many Employees Work at Mag Solvics?

Mag Solvics has a workforce of 126 employees as of Apr 09, 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 Solvics Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mag Solvics, 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 Solvics'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 Solvics

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 9.50 Cr registered on 04 Jun 2018 with Charge ID 100199139 was modified on 16 Sep 2024.

  • Charges

    A charge registered on 25 Nov 2021 via Charge ID 100513318 with Others was fully satisfied on 23 Apr 2024.

  • Annual General Meeting

    Mag Solvics Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.17 Cr with Charge ID 100706285 was registered on 13 Apr 2023.

  • Balance Sheet

    Mag Solvics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with Others of Rs. 1.50 Cr registered on 06 Jul 2020 with Charge ID 100357147 was modified on 23 Dec 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Mag Solvics Private Limited?

    Mag Solvics Private Limited was incorporated on 11 Jul 2005.

  • What is authorized share capital and paid-up capital of Mag Solvics Private Limited?

    The authorized share capital of Mag Solvics Private Limited is ₹ 3.50 Cr and paid-up capital is ₹ 3.34 Cr.

  • Who are the current board members & directors of Mag Solvics Private Limited?

    Currently 3 directors are associated with Mag Solvics Private Limited.

    • Rangaswamy Manikandamurthy
    • Gangadharan Mani
    • Chidambaram Dhandayuthapani

  • What is the registered address of Mag Solvics Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mag Solvics Private Limited is Sf No. 149/5, Dynamic Center India, Solavampalayam Post, Tamil Nadu, 642109.

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

    The corporate identification number (CIN) of Mag Solvics Private Limited is U29261TZ2005PTC011986 and the company number is 011986 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mag Solvics Private Limited?

    The Official website of Mag Solvics Private Limited is https://www.magsolvics.com

  • What has been the recent revenue trend for Mag Solvics Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mag Solvics Private Limited has risen by 12.43%.

  • How many employees does Mag Solvics Private Limited currently have?

    As Per 2023 financial reports, 126 employees are currently employed by Mag Solvics Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Mag Solvics Private Limited has experienced an upsurge of 2.36%.

  • What are the total open charges for Mag Solvics Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mag Solvics Private Limited amount to ₹ 11.17 Cr.

  • When was the last Balance Sheet of Mag Solvics Private Limited filed with the ROC?

    The most recent Balance Sheet for Mag Solvics Private Limited was filed with the ROC on 31 Mar 2023.

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