Magnasoft Consulting India Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.51 Cr
- Company Age 24 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 56.55 Cr
- Revenue Growth -3.84%
- Profit Growth -61.26%
- Ebitda -116.32%
- Net Worth 70.29%
- Total Assets 24.38%
About Magnasoft Consulting India
Magnasoft Consulting India Private Limited (MCIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 March 2000 and has a history of 24 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.
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 10.00 Cr and a paid-up capital of Rs 5.51 Cr.
The company has closed loans amounting to ₹56.55 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Magnasoft Consulting India Private Limited India are Ramesh Tirumalai as CEO and Thoranala Akshatha as Company Secretary. Ramesh Tirumalai, Bobbie Kalra, Phaneesh Murthy, and Five other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140KA2000PTC026735
- Company No.
026735
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
24 Mar 2000
- Date of AGM
03 Jun 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Magnasoft Consulting India?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramesh Tirumalai | CEO | 01-Sep-2022 | Current |
| Thoranala Akshatha | Company Secretary | 26-Apr-2023 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bobbie Kalra  | Whole-Time Director | 24-Mar-2000 | Current |
| Ramesh Tirumalai | Director | 01-Sep-2022 | Current |
Phaneesh Murthy  | Director | 21-Jan-2019 | Current |
| Bhupinder Singh | Director | 15-Oct-2020 | Current |
| Abraham Mathews | Director | 28-Jan-2019 | Current |
| Rajiv Kuchhal | Director | 28-Jan-2019 | Current |
Financial Performance of Magnasoft Consulting India.
Magnasoft Consulting India Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.84% decrease. The company also saw a substantial fall in profitability, with a 61.26% decrease in profit. The company's net worth Soared by an impressive increase of 70.29%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Magnasoft Consulting India?
In 2023, Magnasoft Consulting India had a promoter holding of 59.44% and a public holding of 40.56%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
₹0
₹56.55 Cr
Charges Breakdown by Lending Institutions
- Others : 27.00 Cr
- Icici Bank Limited : 12.00 Cr
- Axis Bank Limited : 9.55 Cr
- Kotak Mahindra Bank Limited : 3.00 Cr
- 3I Infotech Trusteeship Services Limited : 3.00 Cr
- Others : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Sep 2018 | Others | ₹27.00 Cr | Satisfied |
| 05 Aug 2016 | Axis Bank Limited | ₹5.00 Cr | Satisfied |
| 09 Nov 2015 | Icici Bank Limited | ₹2.00 Cr | Satisfied |
| 15 Mar 2011 | Icici Bank Limited | ₹10.00 Cr | Satisfied |
| 01 Jul 2010 | Axis Bank Limited | ₹4.55 Cr | Satisfied |
How Many Employees Work at Magnasoft Consulting India?
Magnasoft Consulting India has a workforce of 563 employees as of Apr 06, 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 Magnasoft Consulting 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 Magnasoft Consulting India'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.
