Magnaquest Technologies Limited

Global SaaS company providing subscription billing, E-id services, and customer experience management solutions.

1997 | Hyderabad, Telangana (India) | Active
Last Updated:

Magnaquest Technologies Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.31 Cr
  • Company Age 27 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 26.37 Cr
  • Satisfied Charges ₹ 22.73 Cr
  • Revenue Growth 1.69%
  • Profit Growth 11.24%
  • Ebitda -2.25%
  • Net Worth 5.41%
  • Total Assets -6.41%

About Magnaquest Technologies

Magnaquest Technologies Limited (MTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 October 1997 and has a history of 27 years and four months. Its registered office is in Hyderabad, Telangana, India.

The Corporate was formerly known as Magnaquest Technologies 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 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 2.31 Cr.

The company currently has active open charges totaling ₹26.37 Cr. The company has closed loans amounting to ₹22.73 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vijay Debbad, Savita Shamsunder, and Pasupathinath Pala serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    magnaquest.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200TG1997PLC028163

  • Company No.

    028163

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Oct 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology

What products or services does Magnaquest Technologies Limited offer?

Magnaquest Technologies Limited offers a wide range of products and services, including Computer and Mobile Softwares & Apps, CRM Software, Data Management Systems, Data Recovery Software, ERP Packages, Automation Software, Accounting & Billing Software, Billing Software, Health Care Service, Healthcare IT Solutions.

Who are the key members and board of directors at Magnaquest Technologies?

Executive Team (1)

NameDesignationAppointment DateStatus
Vijay Debbad Country flag representing In Managing Director14-Nov-1997Current

Board Members (2)

NameDesignationAppointment DateStatus
Savita Shamsunder Country flag representing In Director 05-Feb-2005Current
Pasupathinath Pala Country flag representing In Director 02-May-2014Current

Financial Performance of Magnaquest Technologies.

Magnaquest Technologies Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 1.69% increase. The company also saw a substantial improvement in profitability, with a 11.24% increase in profit. The company's net worth moved up by a moderate rise of 5.41%.

Magnaquest Technologies revenue growth over time
Magnaquest Technologies 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
1.69%
Revenue from Operations
0.44%
Total Assets
-6.41%
Profit or Loss
11.24%
Net Worth
5.41%
EBITDA
-2.25%

What is the Ownership and Shareholding Structure of Magnaquest Technologies?

In 2023, Magnaquest Technologies had a promoter holding of 42.45% and a public holding of 57.56%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹26.37 Cr

Satisfied Charges

₹22.73 Cr

Charges Breakdown by Lending Institutions

  • Others : 23.68 Cr
  • Reliance Capital Ltd : 2.43 Cr
  • Hdfc Bank Limited : 0.25 Cr

Latest Charge Details

DateLenderAmountStatus
29 Feb 2024Others₹9.98 CrOpen
04 Nov 2023Hdfc Bank Limited₹2.54 MOpen
26 Apr 2023Others₹6.00 CrOpen
26 Apr 2023Others₹7.00 CrOpen
29 Jul 2016Others₹7.00 MOpen

How Many Employees Work at Magnaquest Technologies?

Magnaquest Technologies has a workforce of 174 employees as of Apr 05, 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.

Employee growth trends for Magnaquest Technologies Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnaquest Technologies, 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 Magnaquest Technologies'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 Magnaquest Technologies

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 9.98 Cr with Charge ID 100884823 was registered on 29 Feb 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100809989 was registered on 04 Nov 2023.

  • Annual General Meeting

    Magnaquest Technologies Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 12 Jan 2015 via Charge ID 10549133 with Indusind Bank Ltd. was fully satisfied on 04 Aug 2023.

  • Charges

    A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100740660 was registered on 26 Apr 2023.

  • Charges

    A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100742069 was registered on 26 Apr 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Magnaquest Technologies Limited?

    Magnaquest Technologies Limited was incorporated on 14 Oct 1997.

  • What is authorized share capital and paid-up capital of Magnaquest Technologies Limited?

    The authorized share capital of Magnaquest Technologies Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.31 Cr.

  • Who are the current board members & directors of Magnaquest Technologies Limited?

    Currently 3 directors are associated with Magnaquest Technologies Limited.

    • Vijay Kumar Debbad
    • Savita Shamsunder
    • Pasupathinath Pala

  • What is the registered address of Magnaquest Technologies Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnaquest Technologies Limited is Plot No.1-98/4/1 To 13 28 29 8Th Floor Office No.806 Jain Sadguru Images Capital Park, Image Garden Road India, Shaikpet, Telangana, 500081.

  • What is the corporate identification number (CIN) and company number of Magnaquest Technologies Limited?

    The corporate identification number (CIN) of Magnaquest Technologies Limited is U72200TG1997PLC028163 and the company number is 028163 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Magnaquest Technologies Limited?

    The Official website of Magnaquest Technologies Limited is https://www.magnaquest.com

  • What has been the recent revenue trend for Magnaquest Technologies Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magnaquest Technologies Limited has risen by 1.69%.

  • How many employees does Magnaquest Technologies Limited currently have?

    As Per 2023 financial reports, 174 employees are currently employed by Magnaquest Technologies Limited.

  • What change has been observed in the net worth of Magnaquest Technologies Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magnaquest Technologies Limited has experienced an upsurge of 5.41%.

  • What are the total open charges for Magnaquest Technologies Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Magnaquest Technologies Limited amount to ₹ 26.37 Cr.

  • When was the last Balance Sheet of Magnaquest Technologies Limited filed with the ROC?

    The most recent Balance Sheet for Magnaquest Technologies Limited was filed with the ROC on 31 Mar 2023.

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