Magnaquest Technologies Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.31 Cr
- Company Age 27 Year, 3 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 three 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
- 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
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijay Debbad  | Managing Director | 14-Nov-1997 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Savita Shamsunder | Director | 05-Feb-2005 | Current |
| Pasupathinath Pala | Director | 02-May-2014 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Optculture Private LimitedVijay Debbad is a mutual person
Safehaven Treasury Services Private LimitedPasupathinath Pala is a mutual person
Charges (Loans)
₹26.37 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Feb 2024 | Others | ₹9.98 Cr | Open |
| 04 Nov 2023 | Hdfc Bank Limited | ₹2.54 M | Open |
| 26 Apr 2023 | Others | ₹6.00 Cr | Open |
| 26 Apr 2023 | Others | ₹7.00 Cr | Open |
| 29 Jul 2016 | Others | ₹7.00 M | Open |
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.
Deals i
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
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.
