Magnetic Information Technology Profile
Key Indicators
- Authorised Capital ₹ 1.20 Cr
as on 28-12-2024
- Paid Up Capital ₹ 8.20 M
as on 28-12-2024
- Company Age 42 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.94 Cr
as on 28-12-2024
- Revenue -2.75%
(FY 2021)
- Profit 20.52%
(FY 2021)
- Ebitda 20.77%
(FY 2021)
- Net Worth 13.57%
(FY 2021)
- Total Assets 10.67%
(FY 2021)
About Magnetic Information Technology
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.
- 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
Company Details
- LocationDistt Ropar, Punjab
- Telephone
- Email Address
- Website
-
- Social Media-
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
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations | |||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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 LtdActive 40 years 11 monthsSumeet Sidhu, Satinder Dhawan and 4 more are mutual person
- Aspen Communications Private Limited Tfr. From Chandigarh To DelhiActive 31 years 9 months
Sumeet Sidhu is a mutual person
- Sahib Tradelinks Private LimitedActive 15 years 8 months
Sumeet Sidhu and Rubina Sidhu are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 21 Oct 1987 | ₹4.63 M | Open |
Industrial Finance Corporation Of India Creation Date: 01 Apr 1987 | ₹3.15 M | Open |
State Bank Of India Creation Date: 23 May 1986 | ₹2.00 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
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.
