Magnetech Elevators Private Limited

Elevator manufacturer offering design, installation, and maintenance services.

2018 | Chennai, Tamil Nadu (India) | Active
Last Updated: November 16, 2024

Magnetech Elevators Profile

Key Indicators

  • Authorised Capital ₹ 4.00 M
  • Paid Up Capital ₹ 3.80 M
  • Company Age 7 Year, 20 Days
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 55.41%
  • Profit Growth 19.87%
  • Ebitda 20.40%
  • Net Worth 35.74%
  • Total Assets 54.61%

About Magnetech Elevators

Magnetech Elevators Private Limited (MEPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 February 2018 (Seven years 20 days old ). Its registered office is in Chennai, Tamil Nadu, 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 2023. It's a company limited by shares with an authorized capital of Rs 4.00 M and a paid-up capital of Rs 3.80 M, as per Ministry of Corporate Affairs (MCA) records.

Egappan Gnanam, Gnanam Muthuraman, and Muthulingam Rajamanickam serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U29300TN2018PTC120726

  • Company No.

    120726

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Feb 2018

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Machinery and Equipment

What products or services does Magnetech Elevators Private Limited offer?

Magnetech Elevators Private Limited offers a wide range of products and services, including Passenger Lifts, Capsule Lift, Elevators & Escalators, Elevators, Goods Lift, Machine Room-Less Lifts, MRL Elevator, Passenger Elevator, Residential Elevator, Automatic Elevator.

Who are the key members and board of directors at Magnetech Elevators?

Board Members (3)

NameDesignationAppointment DateStatus
Egappan Gnanam Country flag representing In Director 05-Feb-2018Current
Gnanam Muthuraman Country flag representing In Director 16-Sep-2022Current
Muthulingam Rajamanickam Country flag representing In Director 05-Feb-2018Current

Financial Performance of Magnetech Elevators.

Magnetech Elevators Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 55.41% increase. The company also saw a substantial improvement in profitability, with a 19.87% increase in profit. The company's net worth Soared by an impressive increase of 35.74%.

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
55.41%
Revenue from Operations
54.73%
Total Assets
54.61%
Profit or Loss
19.87%
Net Worth
35.74%
EBITDA
20.40%

What is the Ownership and Shareholding Structure of Magnetech Elevators?

In 2023, Magnetech Elevators 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 Magnetech Elevators?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnetech Elevators, 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 Magnetech Elevators'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 Magnetech Elevators

Recent activity within the organization

  • Annual General Meeting

    Magnetech Elevators Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Magnetech Elevators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Gnanam Muthuraman was appointed as a Director was appointed as a Director on 16 Sep 2022 & has been associated with this company since 2 years 5 months .

    16 Sep 2022

  • Director Appointment

    Egappan Gnanam was appointed as a Director was appointed as a Director on 05 Feb 2018 & has been associated with this company since 7 years 20 days .

    05 Feb 2018

  • Director Appointment

    Muthulingam Rajamanickam was appointed as a Director was appointed as a Director on 05 Feb 2018 & has been associated with this company since 7 years 20 days .

    05 Feb 2018

  • Company Incorporation

    Magnetech Elevators Private Limited was registered on 05 Feb 2018 with Roc Chennai & aged 7 years 20 days as per MCA records.

    05 Feb 2018

Frequently asked questions

  • Magnetech Elevators Private Limited was incorporated on 05 Feb 2018.

  • The authorized share capital of Magnetech Elevators Private Limited is ₹ 4.00 M and paid-up capital is ₹ 3.80 M.

  • Currently 3 directors are associated with Magnetech Elevators Private Limited.

    • Egappan Gnanam
    • Gnanam Muthuraman
    • Muthulingam Rajamanickam
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnetech Elevators Private Limited is 43 Police Commissioner Office Road (Pco Road), Egmore India, Chennai, Tamil Nadu, 600008.

  • The corporate identification number (CIN) of Magnetech Elevators Private Limited is U29300TN2018PTC120726 and the company number is 120726 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magnetech Elevators Private Limited is https://www.magnetechelevators.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magnetech Elevators Private Limited has risen by 55.41%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magnetech Elevators Private Limited has experienced an upsurge of 35.74%.

  • The most recent Balance Sheet for Magnetech Elevators Private Limited was filed with the ROC on 31 Mar 2023.