Magma Itl Finance Limited

Magma Itl Finance Limited

Provides financing for 'Sonalika' brand tractors through joint venture partnership.
2007 | Kolkata, West Bengal (India) | Merged

Last Updated:

April 26, 2024
HomeCompanyMagma Itl Finance Limited

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

Executive Team (2)

NameDesignationAppointment DateStatus
Rajesh Singhania InCFO27-Oct-2015Current
Stuti Pithisaria InCompany Secretary26-Nov-2013Current

Board Members(4)

NameDesignationAppointment DateStatus
Sumit Binani In Director 31-Mar-2015Current
Satya Brata In Director 20-Aug-2014Current
Sanjay Chamria In Director 01-Nov-2007Current
Mayank Poddar In Director 01-Nov-2007Current

Financial Performance and Corporate Structure Insights 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%.

Revenue Growth Graph
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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(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%

Related Corporates (Common Directorship)

Charges (Loans)

Satisfied Charges

₹360.00 Cr

LenderAmountStatus

Dcb Bank Limited

Creation Date: 23 Dec 2013
₹50.00 CrSatisfied

Idbi Bank Limited

Creation Date: 27 Aug 2013
₹75.00 CrSatisfied

Icici Bank Limited

Creation Date: 28 Dec 2012
₹55.00 CrSatisfied

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.

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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.

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