Magalir Micro Capital Profile
Key Indicators
- Authorised Capital ₹ 45.00 Cr
- Paid Up Capital ₹ 43.85 Cr
- Company Age 9 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 385.67 Cr
- Satisfied Charges ₹ 274.08 Cr
- Revenue Growth 11.37%
- Profit Growth 174.48%
- Ebitda 13.12%
- Net Worth 23.42%
- Total Assets 2.09%
About Magalir Micro Capital
Magalir Micro Capital Private Limited (MMCPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 August 2015 (Nine years and five months 29 days old ). Its registered office is in Palayamkottai, Tamil Nadu, India.
The Corporate was formerly known as Magalir Micro Finance Pvt Ltd. The Company is engaged in the Financial 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 45.00 Cr and a paid-up capital of Rs 43.85 Cr.
The company currently has active open charges totaling ₹385.67 Cr. The company has closed loans amounting to ₹274.08 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Magalir Micro Capital Private Limited India is Neelakantan Subramonian as COMPANY SECRETARY. Seena Rajan, Nagaraja Venkataramaniya, Subramanian Ramakrishnan, and Four other members serve as directors at the Company.
Company Details
- Location
Palayamkottai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U65923TN2015PTC101965
- Company No.
101965
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Aug 2015
- Date of AGM
11 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Magalir Micro Capital?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Fathurabbani Sadiq  | Managing Director | 26-Aug-2015 | Current |
| Neelakantan Subramonian | Company Secretary | 16-Dec-2019 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramanathan Annamalai | Director | 31-Mar-2020 | Current |
| Seena Rajan | Director | 26-Aug-2015 | Current |
| Nagaraja Venkataramaniya | Director | 31-Mar-2021 | Current |
| Subramanian Ramakrishnan | Director | 28-Apr-2017 | Current |
| Seyadrabbani Fathurabbani | Director | 17-Apr-2017 | Current |
| Seyadu Mohamed | Director | 28-Apr-2017 | Current |
Financial Performance of Magalir Micro Capital.
Magalir Micro Capital Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.37% increase. The company also saw a substantial improvement in profitability, with a 174.48% increase in profit. The company's net worth Soared by an impressive increase of 23.42%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Magalir Micro Capital?
In 2023, Magalir Micro Capital had a promoter holding of 60.65% and a public holding of 39.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Seyad Cotton Mills Private LimitedSeyadrabbani Fathurabbani and Seyadu Mohamed are mutual person
Seyad Shariat Finance LimitedSeyadrabbani Fathurabbani and Seyadu Mohamed are mutual person
Lolc India Finance Private LimitedRamanathan Annamalai is a mutual person
Yvu Financial Services Private LimitedNagaraja Venkataramaniya is a mutual person
Rors Finance Private LimitedNagaraja Venkataramaniya is a mutual person
Rgvn (North East) Microfinance LimitedRamanathan Annamalai is a mutual person
Charges (Loans)
₹385.67 Cr
₹274.08 Cr
Charges Breakdown by Lending Institutions
- Others : 192.75 Cr
- Indian Overseas Bank : 80.00 Cr
- State Bank Of India : 62.84 Cr
- Tamilnad Mercantile Bank Limited : 20.00 Cr
- Sidbi : 15.00 Cr
- Others : 15.08 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2024 | Others | ₹4.00 Cr | Open |
| 27 Mar 2024 | Others | ₹5.00 Cr | Open |
| 26 Mar 2024 | Others | ₹5.00 Cr | Open |
| 16 Mar 2024 | Indian Overseas Bank | ₹25.00 Cr | Open |
| 06 Feb 2024 | Others | ₹15.00 Cr | Open |
How Many Employees Work at Magalir Micro Capital?
Magalir Micro Capital has a workforce of 482 employees as of Mar 21, 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 Magalir Micro Capital, 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 Magalir Micro Capital'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.
