Magnetic Infotech Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
- Paid Up Capital ₹ 2.10 Cr
- Company Age 24 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1.07 M
- Revenue Growth 132.43%
- Profit Growth 157.52%
- Ebitda 173.18%
- Net Worth 19.25%
- Total Assets 15.76%
About Magnetic Infotech
Magnetic Infotech Private Limited (MIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 March 2000 and has a history of 24 years and ten months. Its registered office is in Secunderabad, Telangana, India.
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 2023. It's a company limited by shares with an authorized capital of Rs 2.50 Cr and a paid-up capital of Rs 2.10 Cr.
The company currently has active open charges totaling ₹1.07 M.
Vijaya Rao and Praduymna Chitineni serve as directors at the Company.
Company Details
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Location
Secunderabad, Telangana, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U72200TG2000PTC034014
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Company No.
034014
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
24 Mar 2000
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Magnetic Infotech?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijaya Rao
|
Managing Director | 16-Mar-2001 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Praduymna Chitineni
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Director | 05-Aug-2005 | Current |
Financial Performance of Magnetic Infotech.
Magnetic Infotech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 132.43% increase. The company also saw a substantial improvement in profitability, with a 157.52% increase in profit. The company's net worth Soared by an impressive increase of 19.25%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Magnetic Infotech?
In 2023, Magnetic Infotech had a promoter holding of 28.57% and a public holding of 71.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹0.11 Cr
₹0
Charges Breakdown by Lending Institutions
- Andhra Bank : 0.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Nov 2002 | Andhra Bank | ₹1.07 M | Open |
How Many Employees Work at Magnetic Infotech?
Magnetic Infotech has a workforce of 18 employees as of Apr 04, 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 Infotech, 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 Infotech'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.
