Magnacon Electricals India Ltd

Develops real estate properties for IT and IT companies in Kolkata, West Bengal.

1976 | 24 Parganas, West Bengal (India) | Active
Last Updated:

Magnacon Electricals India Profile

Key Indicators

  • Authorised Capital ₹ 16.50 Cr
  • Paid Up Capital ₹ 16.16 Cr
  • Company Age 48 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 71.50 Cr
  • Satisfied Charges ₹ 88.03 Cr
  • Revenue Growth 25.58%
  • Profit Growth 4422.71%
  • Ebitda 255.86%
  • Net Worth 59.45%
  • Total Assets -7.39%

About Magnacon Electricals India

Magnacon Electricals India Ltd (MEIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 15 November 1976 and has a history of 48 years and six months. Its registered office is in 24 Parganas, West Bengal, India.

The Corporate was formerly known as Magnacon Electricals India Private Limited. The Company is engaged in the Information Technology 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 16.50 Cr and a paid-up capital of Rs 16.16 Cr.

The company currently has active open charges totaling ₹71.50 Cr. The company has closed loans amounting to ₹88.03 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Magnacon Electricals India Ltd India are Mrinal Kedia as COMPANY SECRETARY and Sundar Mohta as Cfo. Devendra Khemka, Rishi Jalan, Ashok Vijay, and Three other members serve as directors at the Company.

Company Details

  • Location

    24 Parganas, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31200WB1976PLC030769

  • Company No.

    030769

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Nov 1976

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Information Technology
Real Estate and Construction
Company report

Magnacon Electricals India Ltd

Explore comprehensive data for Magnacon Electricals India Ltd, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Magnacon Electricals India?

Executive Team (3)

NameDesignationAppointment DateStatus
Rishi Jalan Country flag representing In Managing Director15-Nov-2021Current
Mrinal Kedia Country flag representing In Company Secretary08-Mar-2010Current
Sundar Mohta CFO26-Sep-2023Current

Board Members (5)

NameDesignationAppointment DateStatus
Manoj Sharma Country flag representing In Director 28-Aug-2023Current
Devendra Khemka Country flag representing In Director 21-Apr-2017Current
Ashok Vijay Country flag representing In Director 21-Apr-2017Current
Satyanarayan Khaitan Country flag representing In Director 21-Apr-2017Current
Sital Swain Country flag representing In Director 01-Apr-2024Current

Financial Performance of Magnacon Electricals India.

Magnacon Electricals India Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 25.58% increase. The company also saw a substantial improvement in profitability, with a 4422.71% increase in profit. The company's net worth Soared by an impressive increase of 59.45%.

Magnacon Electricals India revenue growth over time
Magnacon Electricals India 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
25.58%
Revenue from Operations
26.75%
Total Assets
-7.39%
Profit or Loss
4422.71%
Net Worth
59.45%
EBITDA
255.86%

What is the Ownership and Shareholding Structure of Magnacon Electricals India?

In 2023, Magnacon Electricals India had a promoter holding of 47.76% and a public holding of 52.24%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹71.50 Cr

Satisfied Charges

₹88.03 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 71.50 Cr

Latest Charge Details

DateLenderAmountStatus
15 Mar 2022Axis Bank Limited₹40.00 CrOpen
01 Feb 2021Axis Bank Limited₹5.25 CrOpen
04 Feb 2020Axis Bank Limited₹26.25 CrOpen
22 Mar 2012Others₹78.00 CrSatisfied
14 Jul 1999Industrial Development Bank Of India₹4.50 MSatisfied

How Many Employees Work at Magnacon Electricals India?

Unlock and access historical data on people associated with Magnacon Electricals India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Magnacon Electricals India Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnacon Electricals India, 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 Magnacon Electricals India'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 Magnacon Electricals India

Recent activity within the organization

  • Annual General Meeting

    Magnacon Electricals India Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Sital Prasad Swain was appointed as a Director was appointed as a Director on 01 Apr 2024 & has been associated with this company since 1 year 1 month .

  • Balance Sheet

    Magnacon Electricals India Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

  • Director Appointment

    Sundar Lal Mohta was appointed as a Cfo was appointed as a Cfo on 26 Sep 2023 & has been associated with this company since 1 year 7 months .

  • Director Appointment

    Manoj Sharma was appointed as a Director was appointed as a Director on 28 Aug 2023 & has been associated with this company since 1 year 8 months .

  • Charges

    A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 15 Mar 2022 with Charge ID 100553953 was modified on 31 Mar 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Magnacon Electricals India Ltd?

    Magnacon Electricals India Ltd was incorporated on 15 Nov 1976.

  • What is authorized share capital and paid-up capital of Magnacon Electricals India Ltd?

    The authorized share capital of Magnacon Electricals India Ltd is ₹ 16.50 Cr and paid-up capital is ₹ 16.16 Cr.

  • Who are the current board members & directors of Magnacon Electricals India Ltd?

    Currently 8 directors are associated with Magnacon Electricals India Ltd.

    • Devendra Khemka
    • Rishi Jalan
    • Ashok Kumar Vijay
    • Satyanarayan Khaitan
    • Manoj Sharma
    • Mrinal Kedia
    • Sundar Lal Mohta
    • Sital Prasad Swain

  • What is the registered address of Magnacon Electricals India Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnacon Electricals India Ltd is Block Bn Sector-V Saltlake Electronix Complex P.S- Bidhan Nagar East, India, Kolkata, West Bengal, 700091.

  • What is the corporate identification number (CIN) and company number of Magnacon Electricals India Ltd?

    The corporate identification number (CIN) of Magnacon Electricals India Ltd is U31200WB1976PLC030769 and the company number is 030769 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Magnacon Electricals India Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magnacon Electricals India Ltd has risen by 25.58%.

  • What change has been observed in the net worth of Magnacon Electricals India Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magnacon Electricals India Ltd has experienced an upsurge of 59.45%.

  • What are the total open charges for Magnacon Electricals India Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Magnacon Electricals India Ltd amount to ₹ 71.50 Cr.

  • When was the last Balance Sheet of Magnacon Electricals India Ltd filed with the ROC?

    The most recent Balance Sheet for Magnacon Electricals India Ltd was filed with the ROC on 31 Mar 2024.

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