Magma General Insurance Profile
Key Indicators
- Authorised Capital ₹ 350.00 Cr
- Paid Up Capital ₹ 293.39 Cr
- Company Age 15 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 1.19 Cr
- Revenue Growth %
- Ebitda
- Net Worth
- Total Assets %
About Magma General Insurance
Magma General Insurance Limited (MGIL) is a Public Limited Indian Non-Government Company incorporated in India on 26 June 2009 and has a history of 15 years and eight months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Financial Services 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 350.00 Cr and a paid-up capital of Rs 293.39 Cr.
The company has closed loans amounting to ₹1.19 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Magma General Insurance Limited India is Gaurav Parasrampuria as CFO. Mayank Poddar, Sandhya Sharma, Jens Wohlthat, and Five other members serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U66000WB2009PLC136327
- Company No.
136327
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Jun 2009
- Date of AGM
07 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Financial Services
What products or services does Magma General Insurance Limited offer?
Magma General Insurance Limited offers a wide range of products and services, including Insurance Service, General Insurance, Insurance Agents and Services, Automotive Insurance, Industrial Insurance Services, Fire Insurance.
Who are the key members and board of directors at Magma General Insurance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Gaurav Parasrampuria  | CFO | 22-Jan-2015 | Current |
| Rajive Kumaraswami | Managing Director | 15-Jun-2016 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mayank Poddar | Director | 26-Jun-2009 | Current |
| Sandhya Sharma | Director | 08-Nov-2022 | Current |
Jens Wohlthat  | Additional Director | 18-Jul-2024 | Current |
| Sudhir Kapadia | Director | 23-Jul-2024 | Current |
| Vinesh Kriplani | Director | 01-Nov-2023 | Current |
| Sanjay Sachdev | Director | 23-Jul-2024 | Current |
Financial Performance of Magma General Insurance.
Magma General Insurance Limited, for the financial year ended 2024, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.
- 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 Magma General Insurance?
In 2024, Magma General Insurance had a promoter holding of 96.25% and a public holding of 3.75%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Magma Ventures Private LimitedSanjay Chamria is a mutual person
Entero Healthcare Solutions LimitedSandhya Sharma is a mutual person
Icici Home Finance Company LimitedSandhya Sharma is a mutual person
Baroda Bnp Paribas Asset Management India Private LimitedSanjay Sachdev is a mutual person
Clp Business LlpMayank Poddar is a mutual person
- Varuneha Commerce Llp
Mayank Poddar is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹1.19 Cr
Charges Breakdown by Lending Institutions
- Others : 1.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2020 | Others | ₹0.68 M | Satisfied |
| 16 Oct 2019 | Others | ₹0.90 M | Satisfied |
| 19 Jul 2019 | Others | ₹1.72 M | Satisfied |
| 23 Apr 2019 | Others | ₹1.00 M | Satisfied |
| 29 Mar 2019 | Others | ₹1.30 M | Satisfied |
How Many Employees Work at Magma General Insurance?
Magma General Insurance has a workforce of 2005 employees as of Feb 19, 2025. 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 Magma General Insurance, 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 Magma General Insurance'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 Magma General Insurance
Recent activity within the organization
- Annual General Meeting
Magma General Insurance Limited last Annual general meeting of members was held on 07 Aug 2024 as per latest MCA records.
- Charges
A charge registered on 19 Jul 2019 via Charge ID 100277858 with Others was fully satisfied on 26 Jul 2024.
- Director Appointment
Sudhir Hansraj Kapadia was appointed as a Director was appointed as a Director on 23 Jul 2024 & has been associated with this company since 7 months 12 days .
- Director Appointment
Sanjay Niranjan Sachdev was appointed as a Director was appointed as a Director on 23 Jul 2024 & has been associated with this company since 7 months 12 days .
- Director Appointment
Jens Holger Wohlthat was appointed as a Additional Director was appointed as a Additional Director on 18 Jul 2024 & has been associated with this company since 7 months 17 days .
- Charges
A charge registered on 31 Jan 2020 via Charge ID 100321053 with Others was fully satisfied on 21 Jun 2024.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Magma General Insurance Limited?
Magma General Insurance Limited was incorporated on 26 Jun 2009.
What is authorized share capital and paid-up capital of Magma General Insurance Limited?
The authorized share capital of Magma General Insurance Limited is ₹ 350.00 Cr and paid-up capital is ₹ 293.39 Cr.
Who are the current board members & directors of Magma General Insurance Limited?
Currently 9 directors are associated with Magma General Insurance Limited.
- Mayank Poddar
- Sandhya Sharma
- Jens Holger Wohlthat
- Sudhir Hansraj Kapadia
- Gaurav Parasrampuria
- Vinesh Mohan Kriplani
- Rajive Kumaraswami
- Sanjay Niranjan Sachdev
- Sanjay Chamria
What is the registered address of Magma General Insurance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magma General Insurance Limited is Development House 24 Park Street India, Kolkata, West Bengal, 700016.
What is the corporate identification number (CIN) and company number of Magma General Insurance Limited?
The corporate identification number (CIN) of Magma General Insurance Limited is U66000WB2009PLC136327 and the company number is 136327 as per Ministry of Corporate Affairs (MCA).
What is the official website of Magma General Insurance Limited?
The Official website of Magma General Insurance Limited is https://www.magmahdi.com
How many employees does Magma General Insurance Limited currently have?
As Per 2024 financial reports, 2005 employees are currently employed by Magma General Insurance Limited.
When was the last Balance Sheet of Magma General Insurance Limited filed with the ROC?
The most recent Balance Sheet for Magma General Insurance Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Vegulaparanan ViswanathanDirector
Janet ChowdhuryDirectorJR
Jitendra RampuriaDirectorKB
Kailash BhandariDirectorSG
Stephan GerlichDirectorSC
Suvalaxmi ChakrabortyDirectorSM
Sunil MitraDirectorKB
Kailash BhandariDirector
Similar Companies Based on General Insurance Providers
Tata Motors Insurance Broking And Advisory Services Limited Mumbai, Maharashtra, India
Prudential Wealth Advisors Private Limited Hyderabad, Telangana, India
Proclaim Insurance Surveyors And Loss Assessors Private Limited Gurugram, Haryana, India
Muthoot Risk Insurance And Broking Services Private Limited Bangaluru, Karnataka, India
Mgs Fab Equipments Private Limited Lucknow, Uttar Pradesh, India
Quality Application Solutions Private Limited Mumbai, Maharashtra, India
Indiabulls General Insurance Limited Gurugram, Haryana, India
Acko General Insurance Limited Bangaluru, Karnataka, India