Mag Steel Industries Private Limited
Manufactures steel components and provides metal processing and machining services.
2010 | Tiruvallur, Tamil Nadu (India) | Active
Mag Steel Industries Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 0.40 M
- Company Age 14 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 17.50 Cr
- Revenue Growth -17.80%
- Profit Growth 16.52%
- Ebitda -18.01%
- Net Worth 5.88%
- Total Assets 12.66%
About Mag Steel Industries
Mag Steel Industries Private Limited (MSIPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 August 2010 and has a history of 14 years and seven months. Its registered office is in Tiruvallur, 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 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 0.40 M.
The company currently has active open charges totaling ₹17.50 Cr.
Abhishek Modi and Viswanathan Shanmugasundaram serve as directors at the Company.
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74110TN2010PTC076882
- Company No.
076882
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Aug 2010
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Machinery and Equipment
Who are the key members and board of directors at Mag Steel Industries?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhishek Modi  | Director | 05-Aug-2010 | Current |
| Viswanathan Shanmugasundaram | Director | 05-Aug-2010 | Current |
Financial Performance of Mag Steel Industries.
Mag Steel Industries Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 17.8% decrease. The company also saw a substantial improvement in profitability, with a 16.52% increase in profit. The company's net worth moved up by a moderate rise of 5.88%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mag Steel Industries?
In 2022, Mag Steel Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mod Forge Private LimitedAbhishek Modi is a mutual person
Coromandal Forge Private LimitedAbhishek Modi and Viswanathan Shanmugasundaram are mutual person
- Bhole Baba Traders Private Limited
Abhishek Modi is a mutual person
- Super Credits Private Ltd
Abhishek Modi and Viswanathan Shanmugasundaram are mutual person
Charges (Loans)
Open Charges
₹17.50 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 10.00 Cr
- Tata Capital Financial Services Limited : 7.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2024 | Others | ₹10.00 Cr | Open |
| 29 Jan 2021 | Tata Capital Financial Services Limited | ₹6.00 Cr | Open |
| 03 Nov 2016 | Tata Capital Financial Services Limited | ₹1.50 Cr | Open |
How Many Employees Work at Mag Steel Industries?
Mag Steel Industries has a workforce of 58 employees as of Mar 29, 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 Steel Industries, 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 Steel Industries'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.
Latest Updates, News, and FAQs on Mag Steel Industries
Recent activity within the organization
- Annual General Meeting
Mag Steel Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100995081 was registered on 10 Sep 2024.
- Balance Sheet
Mag Steel Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 6.00 Cr with Charge ID 100416536 was registered on 29 Jan 2021.
- Charges
A charge with Tata Capital Financial Services Limited of Rs. 1.50 Cr registered on 03 Nov 2016 with Charge ID 100078568 was modified on 30 Mar 2017.
- Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 1.50 Cr with Charge ID 100078568 was registered on 03 Nov 2016.
Frequently asked questions
What is the Incorporation or founding date of Mag Steel Industries Private Limited?
Mag Steel Industries Private Limited was incorporated on 05 Aug 2010.
What is authorized share capital and paid-up capital of Mag Steel Industries Private Limited?
The authorized share capital of Mag Steel Industries Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 0.40 M.
Who are the current board members & directors of Mag Steel Industries Private Limited?
Currently 2 directors are associated with Mag Steel Industries Private Limited.
- Abhishek Modi
- Viswanathan Shanmugasundaram
What is the registered address of Mag Steel Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mag Steel Industries Private Limited is 103 104, Sidco Aiema Tower Ambattur Industrial Estate India, Chennai, Tamil Nadu, 600058.
What is the corporate identification number (CIN) and company number of Mag Steel Industries Private Limited?
The corporate identification number (CIN) of Mag Steel Industries Private Limited is U74110TN2010PTC076882 and the company number is 076882 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Mag Steel Industries Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Mag Steel Industries Private Limited has fallen by -17.80%.
How many employees does Mag Steel Industries Private Limited currently have?
As Per 2022 financial reports, 58 employees are currently employed by Mag Steel Industries Private Limited.
What change has been observed in the net worth of Mag Steel Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Mag Steel Industries Private Limited has experienced an upsurge of 5.88%.
What are the total open charges for Mag Steel Industries Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Mag Steel Industries Private Limited amount to ₹ 17.50 Cr.
When was the last Balance Sheet of Mag Steel Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Mag Steel Industries Private Limited was filed with the ROC on 31 Mar 2024.
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