Magnet Financial Services Profile
Key Indicators
- Authorised Capital ₹ 1.16 Cr
as on 24-10-2024
- Paid Up Capital ₹ 1.16 Cr
as on 24-10-2024
- Company Age 30 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Revenue 45518.28%
(FY 2023)
- Profit 7535.37%
(FY 2023)
- Ebitda 8287.01%
(FY 2023)
- Net Worth 14.41%
(FY 2023)
- Total Assets -19.70%
(FY 2023)
About Magnet Financial Services
The Corporate was formerly known as Parntech Distributors Pvt Ltd. The Company is engaged in the Financial Services 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 1.16 Cr and a paid-up capital of Rs 1.16 Cr, as per Ministry of Corporate Affairs (MCA) records.
Harsh Mutha and Abhijit Mutha serve as directors at the Company.
- CIN/LLPIN
U51109MH1994PTC306594
- Company No.
306594
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
21 Jul 1994
- Date of AGM
18 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Magnet Financial Services?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harsh Mutha  | Director | 28-Aug-2018 | Current |
| Abhijit Mutha | Director | 28-Aug-2018 | Current |
Financial Performance and Corporate Structure Insights of Magnet Financial Services.
Magnet Financial Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45518.28% increase. The company also saw a substantial improvement in profitability, with a 7535.37% increase in profit. The company's net worth Soared by an impressive increase of 14.41%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Magnet Financial Services?
In 2023, Magnet Financial Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Om Sai Ganesh Builders And Developers Private LimitedActive 20 years 2 monthsHarsh Mutha is a mutual person
- Lovneer Marketing Pvt. Ltd.Active 29 years 11 months
Harsh Mutha and Abhijit Mutha are mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Magnet Financial Services?
Unlock and access historical data on people associated with Magnet Financial Services, 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 Financial Services, 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 Financial Services'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.
