Magic I.T. Solution Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 15 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 7.65 Cr
- Satisfied Charges ₹ 11.41 Cr
- Revenue Growth -64.18%
- Profit Growth -37.41%
- Ebitda 39.06%
- Net Worth -109.17%
- Total Assets 1.65%
About Magic I.T. Solution
Magic I.T. Solution Private Limited (MISPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 January 2010 and has a history of 15 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Consumer Electronics & Durables 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹7.65 Cr. The company has closed loans amounting to ₹11.41 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vinod Rupani and Ropin Nagda serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U72900MH2010PTC198727
- Company No.
198727
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Jan 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
What products or services does Magic I.T. Solution Private Limited offer?
Magic I.T. Solution Private Limited offers a wide range of products and services, including Electrical & Electronic Goods Rental, Electrical Equipment Rental, Router, Cables & Networking Devices, Web Server.
Who are the key members and board of directors at Magic I.T. Solution?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinod Rupani  | Director | 11-Jan-2010 | Current |
| Ropin Nagda | Additional Director | 14-Jun-2021 | Current |
Financial Performance of Magic I.T. Solution.
Magic I.T. Solution Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 64.18% decrease. The company also saw a substantial fall in profitability, with a 37.41% decrease in profit. The company's net worth observed a substantial decline by a decrease of 109.17%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Magic I.T. Solution?
In 2022, Magic I.T. Solution had a public holding of 80.92%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Rayvision Tech Private LimitedRopin Nagda is a mutual person
Archivers Exim Private LimitedVinod Rupani is a mutual person
Magic I&E Private LimitedVinod Rupani is a mutual person
- Avas Tradelinks Private Limited
Vinod Rupani is a mutual person
Charges (Loans)
₹7.65 Cr
₹11.41 Cr
Charges Breakdown by Lending Institutions
- Others : 7.65 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Nov 2021 | Others | ₹4.05 Cr | Open |
| 26 Mar 2021 | Others | ₹3.60 Cr | Open |
| 26 Feb 2019 | Punjab And Maharashtra Co-Operative Bank Limited | ₹4.57 M | Satisfied |
| 01 Feb 2013 | Punjab And Maharashtra Co-Operative Bank Limited | ₹10.00 Cr | Satisfied |
| 18 Mar 2010 | Punjab And Maharashtra Co-Op. Bank Ltd. | ₹9.50 M | Satisfied |
How Many Employees Work at Magic I.T. Solution?
Unlock and access historical data on people associated with Magic I.T. Solution, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magic I.T. Solution, 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 I.T. Solution'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.
