Magenta Connect Private Limited

Develops business intelligence software platform for faster reporting and better decision-making.

2018 | Ahmedabad, Gujarat (India) | Active
Last Updated: October 24, 2024

Magenta Connect Profile

Key Indicators

  • Authorised Capital ₹ 1.30 M
  • Paid Up Capital ₹ 1.06 M
  • Company Age 6 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 80.20%
  • Profit Growth -63.76%
  • Ebitda -96.89%
  • Net Worth 134.17%
  • Total Assets 67.73%

About Magenta Connect

Magenta Connect Private Limited (MCPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 31 August 2018 (Six years and five months 27 days old ). Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Information Technology 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 1.30 M and a paid-up capital of Rs 1.06 M, as per Ministry of Corporate Affairs (MCA) records.

Mundhra Vikas and Vikalp Somani serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    magentabi.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U72900GJ2018PTC103799

  • Company No.

    103799

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    31 Aug 2018

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Information Technology
Internet

What products or services does Magenta Connect Private Limited offer?

Magenta Connect Private Limited offers a wide range of products and services, including Software Development & IT Consultant, Software Consulting Service, IT, Networking & Automation Solution, IT Solutions, Computer and Mobile Softwares & Apps, Laboratory Management Software, Data Management Systems, CRM Software, Data Entry & Data Processing Service, Data Processing.

Who are the key members and board of directors at Magenta Connect?

Board Members (2)

NameDesignationAppointment DateStatus
Mundhra Vikas Country flag representing In Director 31-Aug-2018Current
Vikalp Somani Country flag representing In Director 10-Jun-2020Current

Financial Performance of Magenta Connect.

Magenta Connect Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 80.2% increase. The company also saw a substantial fall in profitability, with a 63.76% decrease in profit. The company's net worth Soared by an impressive increase of 134.17%.

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
80.20%
Revenue from Operations
78.75%
Total Assets
67.73%
Profit or Loss
-63.76%
Net Worth
134.17%
EBITDA
-96.89%

What is the Ownership and Shareholding Structure of Magenta Connect?

In 2022, Magenta Connect had a public holding of 17.84%. 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 Magenta Connect?

Unlock and access historical data on people associated with Magenta Connect, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magenta Connect, 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 Magenta Connect'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 Magenta Connect

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Magenta Connect Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Director Appointment

    Vikalp Somani was appointed as a Director was appointed as a Director on 10 Jun 2020 & has been associated with this company since 4 years 8 months .

    10 Jun 2020

  • Director Appointment

    Mundhra Vikas was appointed as a Director was appointed as a Director on 31 Aug 2018 & has been associated with this company since 6 years 5 months .

    31 Aug 2018

  • Company Incorporation

    Magenta Connect Private Limited was registered on 31 Aug 2018 with Roc Ahmedabad & aged 6 years 5 months as per MCA records.

    31 Aug 2018

Frequently asked questions

  • Magenta Connect Private Limited was incorporated on 31 Aug 2018.

  • The authorized share capital of Magenta Connect Private Limited is ₹ 1.30 M and paid-up capital is ₹ 1.06 M.

  • Currently 2 directors are associated with Magenta Connect Private Limited.

    • Mundhra Vikas
    • Vikalp Somani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magenta Connect Private Limited is C/602 Heritage Sky B/H Shivalik Prahaladnagar Garden India, Ahmedabad, Gujarat, 380015.

  • The corporate identification number (CIN) of Magenta Connect Private Limited is U72900GJ2018PTC103799 and the company number is 103799 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magenta Connect Private Limited is https://www.magentabi.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magenta Connect Private Limited has risen by 80.20%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magenta Connect Private Limited has experienced an upsurge of 134.17%.

  • The most recent Balance Sheet for Magenta Connect Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Online Service Marketplaces