Magnesium Products Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 9.64 M
- Company Age 54 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2.30 M
- Satisfied Charges ₹ 7.22 Cr
- Revenue Growth %
- Profit Growth 2921.92%
- Ebitda 29.74%
- Net Worth 255.10%
- Total Assets 676.25%
About Magnesium Products
Magnesium Products Private Limited (MPPL) was founded in India on 02 November 1970 and has a glorious history of 54 years and three months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Chemicals And Materials 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 1.50 Cr and a paid-up capital of Rs 9.64 M.
The company currently has active open charges totaling ₹2.30 M. The company has closed loans amounting to ₹7.22 Cr, as per Ministry of Corporate Affairs (MCA) records.
Kanneganti Babu, Surekha Kanneganti, and Vijay Kanneganti serve as directors at the Company.
Company Details
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Location
Bangaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U15200KA1970PTC001961
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Company No.
001961
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
02 Nov 1970
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Magnesium Products?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijay Kanneganti
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Director | 31-Mar-2018 | Current |
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Kanneganti Babu
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Director | 01-May-1986 | Current |
| Surekha Kanneganti | Additional Director | 19-Oct-2024 | Current |
Financial Performance of Magnesium Products.
Magnesium Products Private Limited, for the financial year ended 2020, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 2921.92% increase in profit. The company's net worth Soared by an impressive increase of 255.1%.
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What is the Ownership and Shareholding Structure of Magnesium Products?
In 2019, Magnesium Products had a promoter holding of 98.23% and a public holding of 1.77%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Globus Thenken Private LimitedVijay Kanneganti is a mutual person
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Biligiri Natural Farms LlpKanneganti Babu and Vijay Kanneganti are mutual person
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People 360 D Consulting Private Limited
Kanneganti Babu is a mutual person
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Daleth Foods Llp
Vijay Kanneganti is a mutual person
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Ombc Bangalore Bakery Private Limited
Vijay Kanneganti is a mutual person
Charges (Loans)
₹0.23 Cr
₹7.22 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 0.15 Cr
- Sundaram Finance Ltd : 0.08 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jul 2006 | Sundaram Finance Ltd | ₹0.80 M | Open |
| 07 May 2005 | State Bank Of India | ₹1.50 M | Open |
| 07 Mar 2001 | Ksfc | ₹2.80 M | Satisfied |
| 03 Feb 2001 | Ksfc | ₹7.00 M | Satisfied |
| 26 Sep 1998 | Indian Renewable Engergy Development Agency Ltd | ₹1.55 Cr | Satisfied |
How Many Employees Work at Magnesium Products?
Magnesium Products has a workforce of 0 employees as of Mar 23, 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 Magnesium Products, 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 Magnesium Products'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.
