Magnetic Information Technology Profile
Key Indicators
- Authorised Capital ₹ 1.20 Cr
- Paid Up Capital ₹ 8.20 M
- Company Age 42 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.94 Cr
- Revenue Growth -2.75%
- Profit Growth 20.52%
- Ebitda 20.77%
- Net Worth 13.57%
- Total Assets 10.67%
About Magnetic Information Technology
Magnetic Information Technology Limited (MITL) is a Public Limited Indian Non-Government Company incorporated in India on 10 August 1982 and has a history of 42 years and six months. Its registered office is in Distt Ropar, Punjab.
The Corporate was formerly known as Alfa Peripherals Limited. The Company is engaged in the Information Technology 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 1.20 Cr and a paid-up capital of Rs 8.20 M.
The company currently has active open charges totaling ₹1.94 Cr.
Sumeet Sidhu, Satinder Dhawan, Rajinder Singh, and Three other members serve as directors at the Company.
Company Details
- Location Distt Ropar, Punjab
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U32109PB1982PLC005068
- Company No.
005068
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
10 Aug 1982
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Who are the key members and board of directors at Magnetic Information Technology?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pawitter Sidhu  | Managing Director | 29-Jun-1983 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sumeet Sidhu  | Director | 16-Mar-2002 | Current |
| Satinder Dhawan | Whole-Time Director | 16-Aug-2016 | Current |
| Rajinder Singh | Director | 03-Mar-2018 | Current |
| Rubina Sidhu | Director | 27-Jun-2020 | Current |
| Harninder Gill | Director | 03-Mar-2018 | Current |
Financial Performance of Magnetic Information Technology.
Magnetic Information Technology Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 2.75% decrease. The company also saw a substantial improvement in profitability, with a 20.52% increase in profit. The company's net worth Soared by an impressive increase of 13.57%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Magnetic Information Technology?
In 2021, Magnetic Information Technology had a promoter holding of 44.99% and a public holding of 55.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mitgart India LtdSumeet Sidhu, Satinder Dhawan and 4 more are mutual person
- Sahib Electrowave Private Limited
Sumeet Sidhu is a mutual person
- Sidhu Sister Developers Private Limited
Sumeet Sidhu is a mutual person
- Sahib Tradelinks Private Limited
Sumeet Sidhu and Rubina Sidhu are mutual person
- Eventquest Marketing India Private Limited
Sumeet Sidhu is a mutual person
Charges (Loans)
₹1.94 Cr
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 0.72 Cr
- Punjab State Industrial Development Corpn. Limited : 0.60 Cr
- Industrial Finance Corporation Of India : 0.32 Cr
- Punjab Financial Corporation : 0.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Oct 1987 | State Bank Of India | ₹4.63 M | Open |
| 01 Apr 1987 | Industrial Finance Corporation Of India | ₹3.15 M | Open |
| 23 May 1986 | State Bank Of India | ₹2.00 M | Open |
| 11 May 1984 | Punjab Financial Corporation | ₹3.00 M | Open |
| 02 May 1984 | State Bank Of India | ₹0.60 M | Open |
How Many Employees Work at Magnetic Information Technology?
Unlock and access historical data on people associated with Magnetic Information Technology, 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 Magnetic Information Technology, 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 Information Technology's trajectory.
Rating
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Alerts
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