Magnet Wires (Pvt) Ltd.

Manufactures various components such as cable glands, lock nuts, and panel accessories.

1999 | Delhi (India) | Active
Last Updated: November 16, 2024

Magnet Wires (Pvt) Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 25 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 41.71%
  • Profit Growth 35.72%
  • Ebitda 7.85%
  • Net Worth 34.47%
  • Total Assets 16.45%

About Magnet Wires (Pvt)

Magnet Wires (Pvt) Ltd. (MWPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 September 1999 and has a history of 25 years and five months. Its registered office is in Delhi, India.

The Company is engaged in the Machinery And Equipment 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 1.00 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Rosy Sindhwani, Sanjay Sindhwani, and Akshat Sindhwani serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    magnetwires.co.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U31300DL1999PTC101467

  • Company No.

    101467

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Sep 1999

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Machinery and Equipment

What products or services does Magnet Wires (Pvt) Ltd. offer?

Magnet Wires (Pvt) Ltd. offers a wide range of products and services, including Copper & Brass Products, Brass Machining Parts, Cables & Wiring Components, Cable Gland and Accessories, Enclosures & Cabinets, Plastic Enclosures, Electrical Panels & Distribution Box, Junction Boxes, Electric Motors and Components, Brushless DC Motor.

Who are the key members and board of directors at Magnet Wires (Pvt)?

Board Members (3)

NameDesignationAppointment DateStatus
Rosy Sindhwani Country flag representing In Director 28-Oct-1999Current
Sanjay Sindhwani Country flag representing In Director 28-Oct-1999Current
Akshat Sindhwani Country flag representing In Director 25-Aug-2023Current

Financial Performance of Magnet Wires (Pvt).

Magnet Wires (Pvt) Ltd., for the financial year ended 2023, experienced significant growth in revenue, with a 41.71% increase. The company also saw a substantial improvement in profitability, with a 35.72% increase in profit. The company's net worth Soared by an impressive increase of 34.47%.

Graph illustrating revenue growth over time
Graph showing 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
41.71%
Revenue from Operations
42.04%
Total Assets
16.45%
Profit or Loss
35.72%
Net Worth
34.47%
EBITDA
7.85%

What is the Ownership and Shareholding Structure of Magnet Wires (Pvt)?

In 2023, Magnet Wires (Pvt) 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Magnet Wires (Pvt)?

Magnet Wires (Pvt) has a workforce of 11 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnet Wires (Pvt), 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 Wires (Pvt)'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 Wires (Pvt)

Recent activity within the organization

  • Annual General Meeting

    Magnet Wires (Pvt) Ltd. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Magnet Wires (Pvt) Ltd. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Director Appointment

    Akshat Sindhwani was appointed as a Director was appointed as a Director on 25 Aug 2023 & has been associated with this company since 1 year 6 months .

    25 Aug 2023

  • Director Appointment

    Rosy Sindhwani was appointed as a Director was appointed as a Director on 28 Oct 1999 & has been associated with this company since 25 years 4 months .

    28 Oct 1999

  • Director Appointment

    Sanjay Sindhwani was appointed as a Director was appointed as a Director on 28 Oct 1999 & has been associated with this company since 25 years 4 months .

    28 Oct 1999

  • Company Incorporation

    Magnet Wires (Pvt) Ltd. was registered on 08 Sep 1999 with Roc Delhi & aged 25 years 5 months as per MCA records.

    08 Sep 1999

Frequently asked questions

  • Magnet Wires (Pvt) Ltd. was incorporated on 08 Sep 1999.

  • The authorized share capital of Magnet Wires (Pvt) Ltd. is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Magnet Wires (Pvt) Ltd..

    • Rosy Sindhwani
    • Sanjay Sindhwani
    • Akshat Sindhwani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnet Wires (Pvt) Ltd. is Property No A-94 Mangolpuri Indl. Area Ph-Ii India, New Delhi, 110083.

  • The corporate identification number (CIN) of Magnet Wires (Pvt) Ltd. is U31300DL1999PTC101467 and the company number is 101467 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magnet Wires (Pvt) Ltd. is https://www.magnetwires.co.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magnet Wires (Pvt) Ltd. has risen by 41.71%.

  • As Per 2023 financial reports, 11 employees are currently employed by Magnet Wires (Pvt) Ltd..

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magnet Wires (Pvt) Ltd. has experienced an upsurge of 34.47%.

  • The most recent Balance Sheet for Magnet Wires (Pvt) Ltd. was filed with the ROC on 31 Mar 2024.