Magnet Builders Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
as on 30-07-2024
- Paid Up Capital ₹ 1.00 M
as on 30-07-2024
- Company Age 29 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 10.00 Cr
as on 30-07-2024
- Revenue 38918.35%
(FY 2023)
- Profit 657.71%
(FY 2023)
- Ebitda -516.06%
(FY 2023)
- Net Worth 120.77%
(FY 2023)
- Total Assets -48.25%
(FY 2023)
About Magnet Builders
The Company is engaged in the Real Estate And Construction 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 1.00 M and a paid-up capital of Rs 1.00 M.
The company has closed loans amounting to ₹10.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Harpal Chawla, Chandanpal Chawla, Jayant Malhotra, and Two other members serve as directors at the Company.
- CIN/LLPIN
U74899DL1995PTC068718
- Company No.
068718
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 May 1995
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
Delhi, Delhi, India
- Telephone
- Email Address
- Website
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- Social Media-
Who are the key members and board of directors at Magnet Builders?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jayant Malhotra  | Director | 16-Jul-2005 | Current |
| Harpal Chawla | Director | 15-Sep-2005 | Current |
| Chandanpal Chawla | Director | 13-Jan-2015 | Current |
| Sonia Malhotra | Director | 13-Jan-2015 | Current |
| Romila Chawla | Director | 09-Feb-2015 | Current |
Financial Performance of Magnet Builders.
Magnet Builders Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38918.35% increase. The company also saw a substantial improvement in profitability, with a 657.71% increase in profit. The company's net worth Soared by an impressive increase of 120.77%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Magnet Builders?
In 2023, Magnet Builders had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Maya High Rise Private LimitedActive 10 years 7 monthsHarpal Chawla and Chandanpal Chawla are mutual person
Ctc Projects Private LimitedActive 23 years 7 monthsHarpal Chawla and Chandanpal Chawla are mutual person
Chawla Techno Construct LimitedActive 44 years 8 monthsHarpal Chawla and Chandanpal Chawla are mutual person
Anandam Hostels Private LimitedActive 20 years 24 daysJayant Malhotra and Sonia Malhotra are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Standard Chartered Bank Creation Date: 18 Dec 2009 | ₹8.00 Cr | Satisfied |
Oriental Bank Of Commerce Creation Date: 30 Nov 2006 | ₹2.00 Cr | Satisfied |
How Many Employees Work at Magnet Builders?
Unlock and access historical data on people associated with Magnet Builders, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magnet Builders, 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 Magnet Builders'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.
