Magal Engg. Tech Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 35.82 Cr
- Company Age 18 Year, 9 Months
- Last Filing with ROC 31 Mar 2022
- Open Charges ₹ 55.48 Cr
- Satisfied Charges ₹ 30.30 Cr
- Revenue Growth 26.36%
- Profit Growth 135.03%
- Ebitda 46.25%
- Net Worth 129.89%
- Total Assets -10.95%
About Magal Engg. Tech
Magal Engg. Tech Private Limited (METPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 May 2006 and has a history of 18 years and nine months. Its registered office is in Kanchipuram, Tamil Nadu, India.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 35.82 Cr.
The company currently has active open charges totaling ₹55.48 Cr. The company has closed loans amounting to ₹30.30 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Magal Engg. Tech Private Limited India is Priyanka Gupta as COMPANY SECRETARY. Moshe Magal, Vasanthi, and Uppuswamy Venkatesh serve as directors at the Company.
Company Details
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Location
Kanchipuram, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U34300TN2006PTC059709
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Company No.
059709
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
03 May 2006
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Date of AGM
30 Sep 2022
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Date of Balance Sheet
31 Mar 2022
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
What products or services does Magal Engg. Tech Private Limited offer?
Magal Engg. Tech Private Limited offers a wide range of products and services, including Automobile Fittings & Components, Automotive Spare Parts, Air Intakes, Exhaust Systems & Parts, Exhaust System & System Components, Brakes & Braking Systems, Motorcycle Brake Part, Engine & Engine Spare Parts, Engine Components, Hydraulic & Pneumatic Machines, Air Regulators.
Who are the key members and board of directors at Magal Engg. Tech?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Priyanka Gupta
|
Company Secretary | 19-Feb-2021 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Moshe Magal
|
Director | 02-Oct-2006 | Current |
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Vasanthi
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Director | 06-Nov-2020 | Current |
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Uppuswamy Venkatesh
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Director | 20-Feb-2010 | Current |
Financial Performance of Magal Engg. Tech.
Magal Engg. Tech Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 26.36% increase. The company also saw a substantial improvement in profitability, with a 135.03% increase in profit. The company's net worth Soared by an impressive increase of 129.89%.
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What is the Ownership and Shareholding Structure of Magal Engg. Tech?
In 2022, Magal Engg. Tech had a promoter holding of 52.17% and a public holding of 47.83%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Tongrun Magal Engineering India Private LimitedMoshe Magal is a mutual person
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Kun United Car Trax Private LimitedUppuswamy Venkatesh is a mutual person
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K.U.N. Auto Company Private LimitedUppuswamy Venkatesh is a mutual person
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Kun Motoren Private LimitedVasanthi and Uppuswamy Venkatesh are mutual person
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Aadit Auto Company Private LimitedVasanthi and Uppuswamy Venkatesh are mutual person
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Kun Aero Space Private LimitedVasanthi and Uppuswamy Venkatesh are mutual person
Charges (Loans)
₹55.48 Cr
₹30.30 Cr
Charges Breakdown by Lending Institutions
- Indian Overseas Bank : 55.48 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Aug 2012 | Indian Overseas Bank | ₹55.48 Cr | Open |
| 30 Jun 2010 | Reliance Consumer Finance Private Limited | ₹14.00 Cr | Satisfied |
| 25 Feb 2008 | Axis Bank Limited | ₹15.80 Cr | Satisfied |
| 05 Jul 2007 | Canara Bank | ₹5.00 M | Satisfied |
How Many Employees Work at Magal Engg. Tech?
Magal Engg. Tech has a workforce of 258 employees as of Apr 06, 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 Magal Engg. Tech, 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 Magal Engg. Tech'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.
