Magicrete Building Solutions Profile
Key Indicators
- Authorised Capital ₹ 3.50 Cr
- Paid Up Capital ₹ 2.76 M
- Company Age 16 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 178.64 Cr
- Satisfied Charges ₹ 168.26 Cr
- Revenue Growth 13.44%
- Profit Growth -52.42%
- Ebitda -53.52%
- Net Worth 10.24%
- Total Assets 20.41%
About Magicrete Building Solutions
Magicrete Building Solutions Private Limited (MBSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 April 2008 and has a history of 16 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Manufacturing 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 3.50 Cr and a paid-up capital of Rs 2.76 M.
The company currently has active open charges totaling ₹178.64 Cr. The company has closed loans amounting to ₹168.26 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sourabh Bansal, Sunilkumar Roongta, Siddharth Bansal, and Three other members 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
U26931MH2008PTC243333
- Company No.
243333
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Apr 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Manufacturing
What products or services does Magicrete Building Solutions Private Limited offer?
Magicrete Building Solutions Private Limited offers a wide range of products and services, including Paints, Wall Putty & Varnishes, Wall Putty, Industrial Chemicals & Supplies, Waterproofing Chemicals, Adhesives, Glue and Sealants, Tile Adhesives, Cement and Concrete, Mortar, Indoor Lights & Lighting Accessories, LED Panel Light.
Who are the key members and board of directors at Magicrete Building Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sourabh Bansal  | Managing Director | 24-Apr-2008 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sunilkumar Roongta | Director | 05-May-2008 | Current |
| Siddharth Bansal | Whole-Time Director | 24-Apr-2008 | Current |
| Puneet Mittal | Whole-Time Director | 26-Jul-2012 | Current |
| Mitin Jain | Nominee Director | 04-Feb-2023 | Current |
| Prakash Bagla | Nominee Director | 14-Mar-2013 | Current |
Financial Performance of Magicrete Building Solutions.
Magicrete Building Solutions Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 13.44% increase. The company also saw a substantial fall in profitability, with a 52.42% decrease in profit. The company's net worth Soared by an impressive increase of 10.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magicrete Building Solutions?
In 2024, Magicrete Building Solutions had a promoter holding of 12.66% and a public holding of 87.35%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Maxlite Aac Blocks (India) Private LimitedSourabh Bansal, Siddharth Bansal and 1 more are mutual person
Citykart Ventures Private LimitedMitin Jain is a mutual person
Raw Edge Industrial Solutions LimitedSiddharth Bansal is a mutual person
Sbl Energy LimitedMitin Jain is a mutual person
- Magicrete Chemical Industries Private Limited
Sourabh Bansal and Puneet Mittal are mutual person
- Sgc Magicrete Llp
Puneet Mittal is a mutual person
Charges (Loans)
Open Charges
₹178.64 Cr
Satisfied Charges
₹168.26 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 99.15 Cr
- Others : 60.00 Cr
- Hdfc Bank Limited : 19.49 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2024 | Hdfc Bank Limited | ₹3.00 M | Open |
| 29 Nov 2024 | Hdfc Bank Limited | ₹3.00 M | Open |
| 25 Nov 2024 | Axis Bank Limited | ₹5.00 Cr | Open |
| 30 Sep 2024 | Hdfc Bank Limited | ₹7.31 M | Open |
| 21 Sep 2024 | Hdfc Bank Limited | ₹2.16 Cr | Open |
How Many Employees Work at Magicrete Building Solutions?
Magicrete Building Solutions has a workforce of 361 employees as of Dec 20, 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 Magicrete Building Solutions, 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 Magicrete Building Solutions'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 Magicrete Building Solutions
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.30 Cr with Charge ID 101011062 was registered on 29 Nov 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.30 Cr with Charge ID 101011070 was registered on 29 Nov 2024.
- Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 101014684 was registered on 25 Nov 2024.
- Charges
A charge registered on 05 Feb 2024 via Charge ID 100873138 with Others was fully satisfied on 09 Oct 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.73 Cr with Charge ID 100987488 was registered on 30 Sep 2024.
- Annual General Meeting
Magicrete Building Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Recent News, Updates & Announcement
Magicrete builds over 1,000 apartments using 3D modular precast concrete construction system.The project, which includes 1008 dwelling units, demonstrates cost parity with traditional construction methods..
- Magicrete Completes India's First 3D Modular Precast Housing Project.
This project, which includes 1008 dwelling units, demonstrates cost parity with traditional construction methods while significantly reducing construction time by upto 40%. News | LimeLight .
Frequently asked questions
What is the Incorporation or founding date of Magicrete Building Solutions Private Limited?
Magicrete Building Solutions Private Limited was incorporated on 24 Apr 2008.
What is authorized share capital and paid-up capital of Magicrete Building Solutions Private Limited?
The authorized share capital of Magicrete Building Solutions Private Limited is ₹ 3.50 Cr and paid-up capital is ₹ 2.76 M.
Who are the current board members & directors of Magicrete Building Solutions Private Limited?
Currently 6 directors are associated with Magicrete Building Solutions Private Limited.
- Sourabh Bimalkumar Bansal
- Sunilkumar Nandlal Roongta
- Siddharth Bimal Bansal
- Puneet Vinod Mittal
- Mitin Chandanmal Jain
- Prakash Bagla
What is the registered address of Magicrete Building Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magicrete Building Solutions Private Limited is Unit No. 401 4Th Floor Sunil Enclave Pereira Hill Road Andheri Kurla E Ast, India, Mumbai, Maharashtra, 400099.
What is the corporate identification number (CIN) and company number of Magicrete Building Solutions Private Limited?
The corporate identification number (CIN) of Magicrete Building Solutions Private Limited is U26931MH2008PTC243333 and the company number is 243333 as per Ministry of Corporate Affairs (MCA).
What is the official website of Magicrete Building Solutions Private Limited?
The Official website of Magicrete Building Solutions Private Limited is https://www.magicrete.in
What has been the recent revenue trend for Magicrete Building Solutions Private Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Magicrete Building Solutions Private Limited has risen by 13.44%.
How many employees does Magicrete Building Solutions Private Limited currently have?
As Per 2024 financial reports, 361 employees are currently employed by Magicrete Building Solutions Private Limited.
What change has been observed in the net worth of Magicrete Building Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Magicrete Building Solutions Private Limited has experienced an upsurge of 10.24%.
What are the total open charges for Magicrete Building Solutions Private Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Magicrete Building Solutions Private Limited amount to ₹ 178.64 Cr.
When was the last Balance Sheet of Magicrete Building Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Magicrete Building Solutions Private Limited was filed with the ROC on 31 Mar 2024.
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