Magnet Developers Private Limited

Develops and promotes real estate properties in India since 2008, based in Delhi.

2008 | Delhi (India) | Active
Last Updated:

Magnet Developers Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 16 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 888.46 Cr
  • Satisfied Charges ₹ 14.00 Cr
  • Revenue Growth %
  • Profit Growth -52.76%
  • Ebitda -52.76%
  • Net Worth -30.57%
  • Total Assets 0.29%

About Magnet Developers

Magnet Developers Private Limited (MDPL) is a Private Limited Indian Non-Government Company incorporated in India on 09 September 2008 and has a history of 16 years and five months. Its registered office is in Delhi, India.

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 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹888.46 Cr. The company has closed loans amounting to ₹14.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Brij Singh and Surendra Joshi serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U45400DL2008PTC183073

  • Company No.

    183073

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Sep 2008

  • Date of AGM

    25 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Real Estate and Construction

Who are the key members and board of directors at Magnet Developers?

Board Members (2)

NameDesignationAppointment DateStatus
Brij Singh Country flag representing In Director 18-Feb-2019Current
Surendra Joshi Country flag representing In Director 10-Apr-2021Current

Financial Performance of Magnet Developers.

Magnet Developers Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 52.76% decrease in profit. The company's net worth observed a substantial decline by a decrease of 30.57%.

Magnet Developers revenue growth over time
Magnet Developers 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
0.29%
Profit or Loss
-52.76%
Net Worth
-30.57%
EBITDA
-52.76%

What is the Ownership and Shareholding Structure of Magnet Developers?

In 2021, Magnet Developers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹8,884.57 M

Satisfied Charges

₹139.97 M

Charges Breakdown by Lending Institutions

  • Others : 888.46 Cr

Latest Charge Details

DateLenderAmountStatus
24 Aug 2021Others₹888.46 CrOpen
31 Mar 2016Others₹2.00 CrSatisfied
24 Jun 2015Dewan Housing Finance Corporation Limited₹1.43 CrSatisfied
30 Jan 2015Dewan Housing Finance Corporation Limited₹5.52 MSatisfied
20 Jan 2015Hdfc Bank Limited₹7.50 CrSatisfied

How Many Employees Work at Magnet Developers?

Unlock and access historical data on people associated with Magnet Developers, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Magnet Developers Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnet Developers, 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 Developers'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 Magnet Developers

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 8,884.57 M registered on 24 Aug 2021 with Charge ID 100471307 was modified on 24 Jun 2024.

  • Annual General Meeting

    Magnet Developers Private Limited last Annual general meeting of members was held on 25 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Magnet Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

  • Charges

    A charge with Others amounted to Rs. 8,884.57 M with Charge ID 100471307 was registered on 24 Aug 2021.

  • Director Appointment

    Surendra Mohan Joshi was appointed as a Director was appointed as a Director on 10 Apr 2021 & has been associated with this company since 3 years 10 months .

  • Director Appointment

    Brij Kishore Singh was appointed as a Director was appointed as a Director on 18 Feb 2019 & has been associated with this company since 6 years 14 days .

Frequently asked questions

  • What is the Incorporation or founding date of Magnet Developers Private Limited?

    Magnet Developers Private Limited was incorporated on 09 Sep 2008.

  • What is authorized share capital and paid-up capital of Magnet Developers Private Limited?

    The authorized share capital of Magnet Developers Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Magnet Developers Private Limited?

    Currently 2 directors are associated with Magnet Developers Private Limited.

    • Brij Kishore Singh
    • Surendra Mohan Joshi

  • What is the registered address of Magnet Developers Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnet Developers Private Limited is Flat No. 224A 2Nd Floor Devika Tower 6, Nehru Place India, New Delhi, 110019.

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

    The corporate identification number (CIN) of Magnet Developers Private Limited is U45400DL2008PTC183073 and the company number is 183073 as per Ministry of Corporate Affairs (MCA).

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Magnet Developers Private Limited has experienced an downturn of -30.57%.

  • What are the total open charges for Magnet Developers Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Magnet Developers Private Limited amount to ₹ 888.46 Cr.

  • When was the last Balance Sheet of Magnet Developers Private Limited filed with the ROC?

    The most recent Balance Sheet for Magnet Developers Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Real Estate Builders & Developers