Magic Retail Ventures Profile
Key Indicators
- Authorised Capital ₹ 0.10 M
- Paid Up Capital ₹ 0.10 M
- Company Age 19 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2.00 Cr
- Revenue Growth 64.43%
- Profit Growth 23.87%
- Ebitda 28.79%
- Net Worth 93.33%
- Total Assets 30.43%
About Magic Retail Ventures
Magic Retail Ventures Private Limited (MRVPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 October 2005 and has a history of 19 years and five months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Consumer Goods Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹2.00 Cr.
Jitendra Shah and Chirag Shah 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
U52110MH2005PTC156984
- Company No.
156984
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
17 Oct 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Consumer Goods
Engineering
Who are the key members and board of directors at Magic Retail Ventures?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chirag Shah  | Managing Director | 17-Oct-2005 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jitendra Shah | Whole-Time Director | 17-Oct-2005 | Current |
Financial Performance of Magic Retail Ventures.
Magic Retail Ventures Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 64.43% increase. The company also saw a substantial improvement in profitability, with a 23.87% increase in profit. The company's net worth Soared by an impressive increase of 93.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Magic Retail Ventures?
Unlock access to Magic Retail Ventures's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
Related Corporates (Common Directorship)
- Globextra Commerce Llp
Chirag Shah is a mutual person
Charges (Loans)
Open Charges
₹20.00 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2024 | Yes Bank Limited | ₹2.00 Cr | Open |
How Many Employees Work at Magic Retail Ventures?
Unlock and access historical data on people associated with Magic Retail Ventures, 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 Retail Ventures, 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 Retail Ventures'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.
Latest Updates, News, and FAQs on Magic Retail Ventures
Recent activity within the organization
- Charges
A charge with Yes Bank Limited of Rs. 20.00 M registered on 10 Sep 2024 with Charge ID 100982108 was modified on 22 Oct 2024.
- Annual General Meeting
Magic Retail Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Yes Bank Limited amounted to Rs. 20.00 M with Charge ID 100982108 was registered on 10 Sep 2024.
- Balance Sheet
Magic Retail Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Jitendra Himmatlal Shah was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 17 Oct 2005 & has been associated with this company since 19 years 5 months .
- Director Appointment
Chirag Jitendra Shah was appointed as a Managing Director was appointed as a Managing Director on 17 Oct 2005 & has been associated with this company since 19 years 5 months .
Frequently asked questions
What is the Incorporation or founding date of Magic Retail Ventures Private Limited?
Magic Retail Ventures Private Limited was incorporated on 17 Oct 2005.
What is authorized share capital and paid-up capital of Magic Retail Ventures Private Limited?
The authorized share capital of Magic Retail Ventures Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Magic Retail Ventures Private Limited?
Currently 2 directors are associated with Magic Retail Ventures Private Limited.
- Jitendra Himmatlal Shah
- Chirag Jitendra Shah
What is the registered address of Magic Retail Ventures Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magic Retail Ventures Private Limited is 101 Gokul Arcade Premises Co-Op. Society Swami Nityananda Road, Vile Parle East India, Mumbai, Maharashtra, 400057.
What is the corporate identification number (CIN) and company number of Magic Retail Ventures Private Limited?
The corporate identification number (CIN) of Magic Retail Ventures Private Limited is U52110MH2005PTC156984 and the company number is 156984 as per Ministry of Corporate Affairs (MCA).
What is the official website of Magic Retail Ventures Private Limited?
The Official website of Magic Retail Ventures Private Limited is https://www.wegiftmagic.com
What has been the recent revenue trend for Magic Retail Ventures Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Magic Retail Ventures Private Limited has risen by 64.43%.
What change has been observed in the net worth of Magic Retail Ventures Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Magic Retail Ventures Private Limited has experienced an upsurge of 93.33%.
What are the total open charges for Magic Retail Ventures Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Magic Retail Ventures Private Limited amount to ₹ 2.00 Cr.
When was the last Balance Sheet of Magic Retail Ventures Private Limited filed with the ROC?
The most recent Balance Sheet for Magic Retail Ventures Private Limited was filed with the ROC on 31 Mar 2024.