Magnesium Products Private Limited

Produces and sells various magnesium products and chemicals.

1970 | Bangaluru, Karnataka (India) | Active
Last Updated:

Magnesium Products Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 9.64 M
  • Company Age 54 Year, 6 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 six 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

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U15200KA1970PTC001961

  • Company No.

    001961

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Nov 1970

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Chemicals and Materials
Company report

Magnesium Products Private Limited

Explore comprehensive data for Magnesium Products Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Magnesium Products?

Board Members (3)

NameDesignationAppointment DateStatus
Vijay Kanneganti Country flag representing In Director 31-Mar-2018Current
Kanneganti Babu Country flag representing In Director 01-May-1986Current
Surekha Kanneganti Additional Director 19-Oct-2024Current

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%.

Magnesium Products revenue growth over time
Magnesium Products 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
Revenue from Operations
Total Assets
676.25%
Profit or Loss
2921.92%
Net Worth
255.10%
EBITDA
29.74%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.23 Cr

Satisfied Charges

₹7.22 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 0.15 Cr
  • Sundaram Finance Ltd : 0.08 Cr

Latest Charge Details

DateLenderAmountStatus
18 Jul 2006Sundaram Finance Ltd₹0.80 MOpen
07 May 2005State Bank Of India₹1.50 MOpen
07 Mar 2001Ksfc₹2.80 MSatisfied
03 Feb 2001Ksfc₹7.00 MSatisfied
26 Sep 1998Indian Renewable Engergy Development Agency Ltd₹1.55 CrSatisfied

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.

Employee growth trends for Magnesium Products Private Limited

Deals i

Graph showing company valuation over time

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

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 Magnesium Products

Recent activity within the organization

  • Director Appointment

    Surekha Kanneganti was appointed as a Additional Director was appointed as a Additional Director on 19 Oct 2024 & has been associated with this company since 6 months 16 days .

  • Annual General Meeting

    Magnesium Products Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Magnesium Products Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Director Appointment

    Vijay Kanneganti was appointed as a Director was appointed as a Director on 31 Mar 2018 & has been associated with this company since 7 years 1 month .

  • Charges

    A charge registered on 27 Jul 1996 via Charge ID 80066853 with Corporation Bank was fully satisfied on 03 Sep 2013.

  • Charges

    A charge registered on 16 Jul 1994 via Charge ID 80066852 with Corporation Bank was fully satisfied on 03 Sep 2013.

Frequently asked questions

  • What is the Incorporation or founding date of Magnesium Products Private Limited?

    Magnesium Products Private Limited was incorporated on 02 Nov 1970.

  • What is authorized share capital and paid-up capital of Magnesium Products Private Limited?

    The authorized share capital of Magnesium Products Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 9.64 M.

  • Who are the current board members & directors of Magnesium Products Private Limited?

    Currently 3 directors are associated with Magnesium Products Private Limited.

    • Kanneganti Ravi Babu
    • Surekha Kanneganti
    • Vijay Kanneganti

  • What is the registered address of Magnesium Products Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnesium Products Private Limited is Sy No 4/2 Building No. 56 Sai Sereniti Layout Seegehalli Virgonagar Post, India, Bangalore, Karnataka, 560049.

  • What is the corporate identification number (CIN) and company number of Magnesium Products Private Limited?

    The corporate identification number (CIN) of Magnesium Products Private Limited is U15200KA1970PTC001961 and the company number is 001961 as per Ministry of Corporate Affairs (MCA).

  • What change has been observed in the net worth of Magnesium Products Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Magnesium Products Private Limited has experienced an upsurge of 255.10%.

  • What are the total open charges for Magnesium Products Private Limited?

    As per the financial statements for fiscal Year 2020, The total open charges for Magnesium Products Private Limited amount to ₹ 2.30 M.

  • When was the last Balance Sheet of Magnesium Products Private Limited filed with the ROC?

    The most recent Balance Sheet for Magnesium Products Private Limited was filed with the ROC on 31 Mar 2024.

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