Magma Itl Finance Limited

Provides financing for 'Sonalika' brand tractors through joint venture partnership.

2007 | Kolkata, West Bengal (India) | Merged
Last Updated: January 16, 2025

Magma Itl Finance Profile

Key Indicators

  • Authorised Capital ₹ 175.00 Cr
  • Paid Up Capital ₹ 45.00 Cr
  • Company Age 17 Year, 3 Months
  • Last Filing with ROC 31 Mar 2017
  • Satisfied Charges ₹ 360.00 Cr
  • Revenue Growth 9.85%
  • Profit Growth -467.36%
  • Ebitda -33.76%
  • Net Worth -18.42%
  • Total Assets -12.22%

About Magma Itl Finance

Magma Itl Finance Limited (MIFL) is Amalgamated company established on 01 Nov 2007 with its office registered at Kolkata, West Bengal, India and has been running since 17 Year, 3 Months with a paid up capital of 45.00 Cr. According to MCA records, 4 Directors and 2 Signatories are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U65910WB2007PLC120137

  • Company No.

    120137

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Nov 2007

  • Date of AGM

    22 Jul 2017

  • Date of Balance Sheet

    31 Mar 2017

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Financial Services

Who are the key members and board of directors at Magma Itl Finance?

Executive Team (2)

Name Designation Appointment Date Status
Stuti Pithisaria Country flag representing In Company Secretary 26-Nov-2013 Current
Rajesh Singhania Country flag representing In CFO 27-Oct-2015 Current

Board Members (4)

Name Designation Appointment Date Status
Sumit Binani Country flag representing In Director 31-Mar-2015 Current
Mayank Poddar Country flag representing In Director 27-May-2011 Current
Sanjay Chamria Country flag representing In Director 01-Nov-2007 Current
Satya Brata Country flag representing In Director 20-Aug-2014 Current

Financial Performance of Magma Itl Finance.

Magma Itl Finance Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 9.85% increase. The company also saw a substantial fall in profitability, with a 467.36% decrease in profit. The company's net worth observed a substantial decline by a decrease of 18.42%.

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
9.85%
Revenue from Operations
9.69%
Total Assets
-12.22%
Profit or Loss
-467.36%
Net Worth
-18.42%
EBITDA
-33.76%

What is the Ownership and Shareholding Structure of Magma Itl Finance?

In 2017, Magma Itl Finance had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹360.00 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of Mysore : 90.00 Cr
  • Idbi Bank Limited : 75.00 Cr
  • Icici Bank Limited : 55.00 Cr
  • Dcb Bank Limited : 50.00 Cr
  • Indusind Bank : 30.00 Cr
  • Others : 60.00 Cr

Latest Charge Details

Date Lender Amount Status
23 Dec 2013 Dcb Bank Limited ₹50.00 Cr Satisfied
27 Aug 2013 Idbi Bank Limited ₹75.00 Cr Satisfied
28 Dec 2012 Icici Bank Limited ₹55.00 Cr Satisfied
20 Dec 2012 United Bank Of India ₹25.00 Cr Satisfied
17 Dec 2011 State Bank Of Mysore ₹50.00 Cr Satisfied

How Many Employees Work at Magma Itl Finance?

Magma Itl Finance has a workforce of 161 employees as of Apr 09, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magma Itl Finance, 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 Itl Finance'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 Magma Itl Finance

Recent activity within the organization

  • Charges

    A charge registered on 28 Dec 2012 via Charge ID 10394074 with Icici Bank Limited was fully satisfied on 19 Jan 2018.

    19 Jan 2018

  • Charges

    A charge registered on 23 Dec 2013 via Charge ID 10468247 with Dcb Bank Limited was fully satisfied on 29 Dec 2017.

    29 Dec 2017

  • Charges

    A charge registered on 20 Dec 2012 via Charge ID 10394843 with United Bank Of India was fully satisfied on 29 Dec 2017.

    29 Dec 2017

  • Annual General Meeting

    Magma Itl Finance Limited last Annual general meeting of members was held on 22 Jul 2017 as per latest MCA records.

    22 Jul 2017

  • Balance Sheet

    Magma Itl Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Kolkata.

    31 Mar 2017

  • Charges

    A charge registered on 27 Aug 2013 via Charge ID 10445149 with Idbi Bank Limited was fully satisfied on 16 Mar 2017.

    16 Mar 2017

Recent News, Updates & Announcement

Frequently asked questions

  • Magma Itl Finance Limited was incorporated on 01 Nov 2007.

  • The authorized share capital of Magma Itl Finance Limited is ₹ 175.00 Cr and paid-up capital is ₹ 45.00 Cr.

  • Currently 6 directors are associated with Magma Itl Finance Limited.

    • Mayank Poddar
    • Sanjay Chamria
    • Satya Ganguly Brata
    • Sumit Binani
    • Stuti Pithisaria
    • Rajesh Singhania
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magma Itl Finance Limited is Magma House 24 Park Street India, Kolkata, West Bengal, 700016.

  • The corporate identification number (CIN) of Magma Itl Finance Limited is U65910WB2007PLC120137 and the company number is 120137 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magma Itl Finance Limited is https://www.magma.co.in

  • According to the financial reports for the fiscal year 2017, the revenue trend for Magma Itl Finance Limited has risen by 9.85%.

  • As Per 2017 financial reports, 161 employees are currently employed by Magma Itl Finance Limited.

  • The financial reports for the fiscal year 2017 indicates that The net worth of Magma Itl Finance Limited has experienced an downturn of -18.42%.

  • The most recent Balance Sheet for Magma Itl Finance Limited was filed with the ROC on 31 Mar 2017.

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