Maglare Technologies Profile
Key Indicators
- Authorised Capital ₹ 5.50 M
- Paid Up Capital ₹ 5.50 M
- Company Age 9 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1.61 Cr
- Satisfied Charges ₹ 1.93 Cr
- Revenue Growth -82.45%
- Profit Growth -77.05%
- Ebitda -38.85%
- Net Worth 20.10%
- Total Assets -2.92%
About Maglare Technologies
Maglare Technologies Private Limited (MTPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 August 2015 (Nine years and five months 21 days old ). Its registered office is in Rajkot, Gujarat, India.
The Company is engaged in the Energy And Power 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 5.50 M and a paid-up capital of Rs 5.50 M.
The company currently has active open charges totaling ₹1.61 Cr. The company has closed loans amounting to ₹1.93 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vijyaben Shingala, Hitenkumar Shingala, and Krunali Shingala serve as directors at the Company.
Company Details
- Location
Rajkot, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140GJ2015PTC084188
- Company No.
084188
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Aug 2015
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Maglare Technologies Private Limited offer?
Maglare Technologies Private Limited offers a wide range of products and services, including Solar Lamps, Solar LED Lantern, Solar & Renewable Energy Products, Solar Pumps, Solar Water Pump, Solar Panels, Solar PV Panel, Solar Lighting, Solar LED Street Light.
Who are the key members and board of directors at Maglare Technologies?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijyaben Shingala  | Director | 12-Aug-2015 | Current |
| Hitenkumar Shingala | Director | 12-Aug-2015 | Current |
| Krunali Shingala | Director | 05-Sep-2015 | Current |
Financial Performance of Maglare Technologies.
Maglare Technologies Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 82.45% decrease. The company also saw a substantial fall in profitability, with a 77.05% decrease in profit. The company's net worth Soared by an impressive increase of 20.1%.
- 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 Maglare Technologies?
In 2023, Maglare Technologies had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹16.14 M
₹19.30 M
Charges Breakdown by Lending Institutions
- Others : 1.50 Cr
- City Union Bank Limited : 0.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Apr 2021 | City Union Bank Limited | ₹1.14 M | Open |
| 02 Dec 2020 | Others | ₹1.50 Cr | Open |
| 08 Jun 2016 | City Union Bank Limited | ₹1.93 Cr | Satisfied |
How Many Employees Work at Maglare Technologies?
Unlock and access historical data on people associated with Maglare Technologies, 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 Maglare Technologies, 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 Maglare Technologies'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.