Magnetic Faac India Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 9.00 M
- Company Age 24 Year, 10 Months
- Last Filing with ROC 31 Dec 2023
- Satisfied Charges ₹ 3.00 Cr
- Revenue Growth 51.84%
- Profit Growth 1627.68%
- Ebitda 232.63%
- Net Worth 21.92%
- Total Assets 1.89%
About Magnetic Faac India
Magnetic Faac India Private Limited (MFIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 March 2000 and has a history of 24 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Magnetic Auto Control Private Limited. 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 December 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.00 M.
The company has closed loans amounting to ₹3.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Rajeev Mecheri, Anand Mecheri, Rajamani Venkatesh, and Four other members serve as directors at the Company.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U35204TN2000PTC044609
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Company No.
044609
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
30 Mar 2000
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Date of AGM
26 Jun 2024
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Date of Balance Sheet
31 Dec 2023
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Magnetic Faac India?
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Andrea Marcellan
|
Director | 28-Mar-2013 | Current |
Anand Mecheri
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Director | 28-Jun-2016 | Current |
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Rajeev Mecheri
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Director | 16-Nov-2011 | Current |
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Rajamani Venkatesh
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Director | 23-Mar-2015 | Current |
Robert Canty
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Director | 23-Dec-2021 | Current |
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Fabio Tomi
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Director | 23-Dec-2021 | Current |
Financial Performance of Magnetic Faac India.
Magnetic Faac India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 51.84% increase. The company also saw a substantial improvement in profitability, with a 1627.68% increase in profit. The company's net worth Soared by an impressive increase of 21.92%.
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What is the Ownership and Shareholding Structure of Magnetic Faac India?
In 2022, Magnetic Faac India 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)
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Salice India Private LimitedAndrea Marcellan is a mutual person
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Quantum Confectionary Private LimitedRajeev Mecheri and Anand Mecheri are mutual person
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Livia Spaces (India) Private LimitedRajeev Mecheri and Anand Mecheri are mutual person
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Invicara India Private LimitedRajeev Mecheri and Anand Mecheri are mutual person
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Gallagher Security Private LimitedRajeev Mecheri and Rajamani Venkatesh are mutual person
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Elenium Automation Private LimitedRajeev Mecheri is a mutual person
Charges (Loans)
₹0
₹3.00 Cr
Charges Breakdown by Lending Institutions
- Citibank N.A : 3.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2012 | Citibank N.A | ₹3.00 Cr | Satisfied |
How Many Employees Work at Magnetic Faac India?
Magnetic Faac India has a workforce of 51 employees as of Apr 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magnetic Faac India, 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 Magnetic Faac India'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.
