Magna Electro Castings Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.23 Cr
- Company Age 34 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 26.25 Cr
- Satisfied Charges ₹ 71.84 Cr
- Revenue Growth 22.16%
- Profit Growth 121.53%
- Ebitda 100.35%
- Net Worth 20.49%
- Total Assets 11.44%
About Magna Electro Castings
Magna Electro Castings Limited (MECL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 August 1990 and has a history of 34 years and six months. Its registered office is in Coimbatore, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 517449.
The Corporate was formerly known as Magna Electronics Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.23 Cr.
The company currently has active open charges totaling ₹26.25 Cr. The company has closed loans amounting to ₹71.84 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Magna Electro Castings Limited India are Ravi Rajagopalan as CFO and Divya Duraisamy as Company Secretary. Nandini Rangaswamy, Vijayakumar Janardhana, Jairam Varadaraj, and Six other members serve as directors at the Company.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L31103TZ1990PLC002836
- Company No.
002836
- Stock Symbol
BSE : 517449
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
22 Aug 1990
- Date of AGM
26 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Coimbatore
Industry
What products or services does Magna Electro Castings Limited offer?
Magna Electro Castings Limited offers a wide range of products and services, including Ball Bearing Assemblies & Components, Bearing Parts, Sewerage and Drainage Products, Drains and Gutters, Industrial Bearings, Linear Bearings, Flywheel, Electric Motors and Components, Motor Parts, Brackets.
Who are the key members and board of directors at Magna Electro Castings?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Krishna Narayanaswamy  | Managing Director | 22-Aug-1990 | Current |
| Ravi Rajagopalan | CFO | 30-Jul-2015 | Current |
| Divya Duraisamy | Company Secretary | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jairam Varadaraj | Director | 28-Oct-2004 | Current |
Ajeya Narayanaswamy  | Director | 30-May-2023 | Current |
| Nandini Rangaswamy | Director | 27-Oct-2003 | Current |
| Vijayakumar Janardhana | Director | 22-Aug-1990 | Current |
| Karuppuswamy Gnanasekaran | Director | 19-Sep-2001 | Current |
| Rajkumar Gopalasamy | Director | 31-Jan-2022 | Current |
Financial Performance of Magna Electro Castings.
Magna Electro Castings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.16% increase. The company also saw a substantial improvement in profitability, with a 121.53% increase in profit. The company's net worth Soared by an impressive increase of 20.49%.
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What is the Ownership and Shareholding Structure of Magna Electro Castings?
In 2023, Magna Electro Castings had a promoter holding of 53.38% and a public holding of 46.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Lakshmi Life Sciences Private LimitedVijayalakshmi Narendra is a mutual person
G.Plast Private LimitedRajkumar Gopalasamy is a mutual person
Elgi Sauer Compressors LimitedJairam Varadaraj is a mutual person
Ats Elgi LimitedJairam Varadaraj is a mutual person
Gedee Weiler Private LimitedRajkumar Gopalasamy is a mutual person
Cognizant FoundationNandini Rangaswamy is a mutual person
Charges (Loans)
₹26.25 Cr
₹71.84 Cr
Charges Breakdown by Lending Institutions
- Others : 20.25 Cr
- Axis Bank Limited : 5.00 Cr
- Corporation Bank : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Aug 2021 | Axis Bank Limited | ₹5.00 Cr | Open |
| 22 Mar 1999 | Corporation Bank | ₹1.00 Cr | Open |
| 26 Mar 1996 | Others | ₹20.25 Cr | Open |
| 19 Oct 2012 | Indian Bank | ₹3.20 Cr | Satisfied |
| 19 Oct 2012 | Indian Bank | ₹15.56 Cr | Satisfied |
How Many Employees Work at Magna Electro Castings?
Magna Electro Castings has a workforce of 197 employees as of Apr 07, 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 Magna Electro Castings, 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 Magna Electro Castings'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.
