Magal Security Systems (India) Limited

Provides comprehensive security solutions for various industries including airports, borders, and energy.

2012 | Delhi (India) | Active
Last Updated: November 16, 2024

Magal Security Systems (India) Profile

Key Indicators

  • Authorised Capital ₹ 1.35 Cr
  • Paid Up Capital ₹ 1.22 Cr
  • Company Age 12 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 104.82%
  • Profit Growth 121.10%
  • Ebitda 181.30%
  • Net Worth 123.64%
  • Total Assets 26.66%

About Magal Security Systems (India)

Magal Security Systems (India) Limited (MSSIL) is a leading Public Limited Foreign Company Incorporated In India incorporated in India on 24 August 2012 and has a history of 12 years and five months. Its registered office is in Delhi, India.

The Corporate was formerly known as Veecon Magal Security Systems Limited. The Company is engaged in the Business Services 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 1.35 Cr and a paid-up capital of Rs 1.22 Cr, as per Ministry of Corporate Affairs (MCA) records.

Neelabh Singh, Sandeep Nair, Arnon Bram, and One other member serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U93000DL2012FLC240877

  • Company No.

    240877

  • Company Classification

    Public Limited Foreign Company Incorporated In India

  • Incorporation Date

    24 Aug 2012

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Business Services

Who are the key members and board of directors at Magal Security Systems (India)?

Board Members (4)

NameDesignationAppointment DateStatus
Neelabh Singh Country flag representing In Director 09-Jul-2020Current
Sandeep Nair Country flag representing In Director 09-Jul-2020Current
Arnon Bram Country flag representing Il Director 02-Jun-2021Current
Eran Gabay Country flag representing Il Director 01-Jun-2024Current

Financial Performance of Magal Security Systems (India).

Magal Security Systems (India) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 104.82% increase. The company also saw a substantial improvement in profitability, with a 121.1% increase in profit. The company's net worth Soared by an impressive increase of 123.64%.

Graph illustrating revenue growth over time
Graph showing 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
104.82%
Revenue from Operations
105.00%
Total Assets
26.66%
Profit or Loss
121.10%
Net Worth
123.64%
EBITDA
181.30%

What is the Ownership and Shareholding Structure of Magal Security Systems (India)?

In 2023, Magal Security Systems (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Magal Security Systems (India)?

Magal Security Systems (India) has a workforce of 25 employees as of Apr 07, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magal Security Systems (India), 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 Security Systems (India)'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 Magal Security Systems (India)

Recent activity within the organization

  • Director Appointment

    Eran Gabay was appointed as a Director was appointed as a Director on 01 Jun 2024 & has been associated with this company since 8 months 21 days .

    01 Jun 2024

  • Annual General Meeting

    Magal Security Systems (India) Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Magal Security Systems (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

    31 Mar 2023

  • Director Appointment

    Arnon Yaakov Bram was appointed as a Director was appointed as a Director on 02 Jun 2021 & has been associated with this company since 3 years 8 months .

    02 Jun 2021

  • Director Appointment

    Neelabh Ayodhya Singh was appointed as a Director was appointed as a Director on 09 Jul 2020 & has been associated with this company since 4 years 7 months .

    09 Jul 2020

  • Director Appointment

    Sandeep Varadan Nair was appointed as a Director was appointed as a Director on 09 Jul 2020 & has been associated with this company since 4 years 7 months .

    09 Jul 2020

Frequently asked questions

  • Magal Security Systems (India) Limited was incorporated on 24 Aug 2012.

  • The authorized share capital of Magal Security Systems (India) Limited is ₹ 1.35 Cr and paid-up capital is ₹ 1.22 Cr.

  • Currently 4 directors are associated with Magal Security Systems (India) Limited.

    • Neelabh Ayodhya Singh
    • Sandeep Varadan Nair
    • Arnon Yaakov Bram
    • Eran Gabay
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magal Security Systems (India) Limited is 225 2Nd Floor D-21 Corporate Park Sector-21, Dwarka India, New Delhi, 110075.

  • The corporate identification number (CIN) of Magal Security Systems (India) Limited is U93000DL2012FLC240877 and the company number is 240877 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magal Security Systems (India) Limited is https://www.magalsolutions.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magal Security Systems (India) Limited has risen by 104.82%.

  • As Per 2023 financial reports, 25 employees are currently employed by Magal Security Systems (India) Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magal Security Systems (India) Limited has experienced an upsurge of 123.64%.

  • The most recent Balance Sheet for Magal Security Systems (India) Limited was filed with the ROC on 31 Mar 2023.

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