Magic Auto Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 23-10-2024
- Paid Up Capital ₹ 3.36 M
as on 23-10-2024
- Company Age 35 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 212.62 Cr
as on 23-10-2024
- Satisfied Charges ₹ 147.90 Cr
as on 23-10-2024
- Revenue 46.68%
(FY 2023)
- Profit 24.61%
(FY 2023)
- Ebitda 30.74%
(FY 2023)
- Net Worth 21.16%
(FY 2023)
- Total Assets 27.45%
(FY 2023)
About Magic Auto
The Corporate was formerly known as Magic Leasing And Finance Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 3.36 M.
The company currently has active open charges totaling ₹212.62 Cr. The company has closed loans amounting to ₹147.90 Cr, as per Ministry of Corporate Affairs (MCA) records.
Kanwalajit Kochar, Kuljit Kochar, and Kanwarjit Kochar serve as directors at the Company.
- CIN/LLPIN
U50404DL1989PTC037828
- Company No.
037828
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Sep 1989
- Date of AGM
20 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Delhi, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Magic Auto?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kanwalajit Kochar  | Director | 01-Apr-1997 | Current |
| Kuljit Kochar | Director | 26-Sep-1989 | Current |
| Kanwarjit Kochar | Director | 26-Sep-1989 | Current |
Financial Performance of Magic Auto.
Magic Auto Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 46.68% increase. The company also saw a substantial improvement in profitability, with a 24.61% increase in profit. The company's net worth Soared by an impressive increase of 21.16%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magic Auto?
In 2023, Magic Auto 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)
Atlas Adhesives Private LimitedActive 59 years 7 monthsKanwalajit Kochar, Kuljit Kochar and 1 more are mutual person
Ksk Brothers LlpActive 6 years 7 monthsKanwalajit Kochar, Kuljit Kochar and 1 more are mutual person
- S.Dalip Singh Credit Private LimitedActive 31 years 3 months
Kanwalajit Kochar, Kuljit Kochar and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 16 Apr 2024 | ₹15.00 Cr | Open |
Others Creation Date: 18 Jan 2020 | ₹97.50 Cr | Open |
Others Creation Date: 11 Jun 2019 | ₹15.00 Cr | Open |
How Many Employees Work at Magic Auto?
Magic Auto has a workforce of 262 employees as of Mar 30, 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 Magic Auto, 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 Magic Auto'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.
