Magneto Induction Pvt Ltd
Manufactures flour mill machinery since 1988, based in Gujarat.
1988 | Ahmedabad, Gujarat (India) | Merged
Magneto Induction Profile
Key Indicators
- Authorised Capital ₹ 2.10 Cr
- Paid Up Capital ₹ 1.02 Cr
- Company Age 36 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 5.60 M
- Revenue Growth %
- Profit Growth 59.15%
- Ebitda 76.10%
- Net Worth -1.14%
- Total Assets -0.94%
About Magneto Induction
Magneto Induction Pvt Ltd (MIPL) is Amalgamated company established on 05 Apr 1988 with its office registered at Ahmedabad, Gujarat, India and has been running since 36 Year, 10 Months with a paid up capital of 1.02 Cr. According to MCA records, 2 Directors are linked to this company as of 16 Jan 2025.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U29120GJ1988PTC010526
- Company No.
010526
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Apr 1988
- Date of AGM
23 Jun 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Machinery and Equipment
Who are the key members and board of directors at Magneto Induction?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bhavesh Girishbhai  | Director | 05-Apr-1988 | Current |
Jayshreeben Rohitkumar  | Director | 24-Nov-2020 | Current |
Financial Performance of Magneto Induction.
Magneto Induction Pvt Ltd, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 59.15% increase in profit. The company's net worth dipped by a decrease of 1.14%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magneto Induction?
In 2023, Magneto Induction 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)
Milcent Appliances Private LimitedBhavesh Girishbhai and Jayshreeben Rohitkumar are mutual person
Magtech Motors Pvt LtdBhavesh Girishbhai and Jayshreeben Rohitkumar are mutual person
Amanta Healthcare LimitedBhavesh Girishbhai is a mutual person
- The Pharmaceutical Form-Fill-Seal Association Of India
Bhavesh Girishbhai is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹0.56 Cr
Charges Breakdown by Lending Institutions
- Bank Of Baroda : 0.56 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Mar 2012 | Bank Of Baroda | ₹0.60 M | Satisfied |
| 31 Dec 2008 | Bank Of Baroda | ₹2.00 M | Satisfied |
| 06 Jun 2000 | Bank Of Baroda | ₹3.00 M | Satisfied |
How Many Employees Work at Magneto Induction?
Magneto Induction has a workforce of 30 employees as of Apr 05, 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 Magneto Induction, 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 Magneto Induction'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.
Latest Updates, News, and FAQs on Magneto Induction
Recent activity within the organization
- Annual General Meeting
Magneto Induction Pvt Ltd last Annual general meeting of members was held on 23 Jun 2023 as per latest MCA records.
- Charges
A charge registered on 09 Mar 2012 via Charge ID 10345769 with Bank Of Baroda was fully satisfied on 26 Apr 2023.
- Charges
A charge registered on 31 Dec 2008 via Charge ID 10138171 with Bank Of Baroda was fully satisfied on 26 Apr 2023.
- Charges
A charge registered on 06 Jun 2000 via Charge ID 90112599 with Bank Of Baroda was fully satisfied on 26 Apr 2023.
- Balance Sheet
Magneto Induction Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Director Appointment
Jayshreeben Patel Rohitkumar was appointed as a Director was appointed as a Director on 24 Nov 2020 & has been associated with this company since 4 years 3 months .
Frequently asked questions
What is the Incorporation or founding date of Magneto Induction Pvt Ltd?
Magneto Induction Pvt Ltd was incorporated on 05 Apr 1988.
What is authorized share capital and paid-up capital of Magneto Induction Pvt Ltd?
The authorized share capital of Magneto Induction Pvt Ltd is ₹ 2.10 Cr and paid-up capital is ₹ 1.02 Cr.
Who are the current board members & directors of Magneto Induction Pvt Ltd?
Currently 2 directors are associated with Magneto Induction Pvt Ltd.
- Bhavesh Patel Girishbhai
- Jayshreeben Patel Rohitkumar
What is the registered address of Magneto Induction Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Magneto Induction Pvt Ltd is 8Th Floor Shaligram Corporates C J Marg Ambli, - India, Ahmedabad, Gujarat, 380058.
What is the corporate identification number (CIN) and company number of Magneto Induction Pvt Ltd?
The corporate identification number (CIN) of Magneto Induction Pvt Ltd is U29120GJ1988PTC010526 and the company number is 010526 as per Ministry of Corporate Affairs (MCA).
How many employees does Magneto Induction Pvt Ltd currently have?
As Per 2023 financial reports, 30 employees are currently employed by Magneto Induction Pvt Ltd.
What change has been observed in the net worth of Magneto Induction Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Magneto Induction Pvt Ltd has experienced an downturn of -1.14%.
When was the last Balance Sheet of Magneto Induction Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Magneto Induction Pvt Ltd was filed with the ROC on 31 Mar 2023.
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