Magic Retail Ventures Private Limited

Sells tools, hardware, bags, water bottles, tiffins through online store.

2005 | Mumbai, Maharashtra (India) | Active
Last Updated: January 30, 2025

Magic Retail Ventures Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 19 Year, 4 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 four 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

    wegiftmagic.com

  • 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)

NameDesignationAppointment DateStatus
Chirag Shah Country flag representing In Managing Director17-Oct-2005Current

Board Members (1)

NameDesignationAppointment DateStatus
Jitendra Shah Country flag representing In Whole-Time Director 17-Oct-2005Current

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%.

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
64.43%
Revenue from Operations
64.08%
Total Assets
30.43%
Profit or Loss
23.87%
Net Worth
93.33%
EBITDA
28.79%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹20.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Yes Bank Limited : 2.00 Cr

Latest Charge Details

DateLenderAmountStatus
10 Sep 2024Yes Bank Limited₹2.00 CrOpen

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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

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 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.

    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.

    30 Sep 2024

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 20.00 M with Charge ID 100982108 was registered on 10 Sep 2024.

    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.

    31 Mar 2024

  • 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 4 months .

    17 Oct 2005

  • 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 4 months .

    17 Oct 2005

Frequently asked questions

  • Magic Retail Ventures Private Limited was incorporated on 17 Oct 2005.

  • The authorized share capital of Magic Retail Ventures Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Magic Retail Ventures Private Limited.

    • Jitendra Himmatlal Shah
    • Chirag Jitendra Shah
  • 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.

  • 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).

  • The Official website of Magic Retail Ventures Private Limited is https://www.wegiftmagic.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magic Retail Ventures Private Limited has risen by 64.43%.

  • 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%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Magic Retail Ventures Private Limited amount to ₹ 2.00 Cr.

  • The most recent Balance Sheet for Magic Retail Ventures Private Limited was filed with the ROC on 31 Mar 2024.