Magneto It Solutions Private Limited

IT consulting and software development services for websites, graphics, and mobile applications.

2011 | Pune, Maharashtra (India) | Active
Last Updated: January 16, 2025

Magneto It Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.20 M
  • Company Age 13 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 7.50 M
  • Revenue Growth 82.94%
  • Profit Growth 101.23%
  • Ebitda 31.32%
  • Net Worth 80.22%
  • Total Assets 87.37%

About Magneto It Solutions

Magneto It Solutions Private Limited (MISPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 August 2011 and has a history of 13 years and six months. Its registered office is in Pune, Maharashtra, 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 0.20 M and a paid-up capital of Rs 0.20 M.

The company currently has active open charges totaling ₹7.50 M.

Bhargavkumar Thakkar, Nitesh Behani, Ronak Meghani, and Two other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U72900PN2011PTC140436

  • Company No.

    140436

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Aug 2011

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Information Technology

What products or services does Magneto It Solutions Private Limited offer?

Magneto It Solutions Private Limited offers a wide range of products and services, including Web Development & Marketing Services, Website Development Services.

Who are the key members and board of directors at Magneto It Solutions?

Board Members (5)

Name Designation Appointment Date Status
Nitesh Behani Country flag representing In Director 10-Aug-2011 Current
Bhargavkumar Thakkar Country flag representing In Director 10-Aug-2011 Current
Ronak Meghani Country flag representing In Director 15-May-2012 Current
Bhavik Shah Country flag representing In Additional Director 11-May-2024 Current
Bhaveshkumar Surani Country flag representing In Additional Director 11-May-2024 Current

Financial Performance of Magneto It Solutions.

Magneto It Solutions Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 82.94% increase. The company also saw a substantial improvement in profitability, with a 101.23% increase in profit. The company's net worth Soared by an impressive increase of 80.22%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
82.94%
Revenue from Operations
81.94%
Total Assets
87.37%
Profit or Loss
101.23%
Net Worth
80.22%
EBITDA
31.32%

What is the Ownership and Shareholding Structure of Magneto It Solutions?

Unlock access to Magneto It Solutions's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹7.50 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.75 Cr

Latest Charge Details

Date Lender Amount Status
24 Mar 2017 Others ₹7.50 M Open

How Many Employees Work at Magneto It Solutions?

Magneto It Solutions has a workforce of 15 employees as of Apr 02, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magneto It Solutions, 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 It Solutions's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 It Solutions

Recent activity within the organization

  • Director Appointment

    Bhavik Sureshbhai Shah was appointed as a Additional Director was appointed as a Additional Director on 11 May 2024 & has been associated with this company since 9 months 6 days .

    11 May 2024

  • Director Appointment

    Bhaveshkumar Ishvarlal Surani was appointed as a Additional Director was appointed as a Additional Director on 11 May 2024 & has been associated with this company since 9 months 6 days .

    11 May 2024

  • Annual General Meeting

    Magneto It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Magneto It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 7.50 M with Charge ID 100085863 was registered on 24 Mar 2017.

    24 Mar 2017

  • Director Appointment

    Ronak Harilal Meghani was appointed as a Director was appointed as a Director on 15 May 2012 & has been associated with this company since 12 years 9 months .

    15 May 2012

Frequently asked questions

  • Magneto It Solutions Private Limited was incorporated on 10 Aug 2011.

  • The authorized share capital of Magneto It Solutions Private Limited is ₹ 0.20 M and paid-up capital is ₹ 0.20 M.

  • Currently 5 directors are associated with Magneto It Solutions Private Limited.

    • Bhargavkumar Jagdishbhai Thakkar
    • Nitesh Behani
    • Ronak Harilal Meghani
    • Bhavik Sureshbhai Shah
    • Bhaveshkumar Ishvarlal Surani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magneto It Solutions Private Limited is White Square Office No. - 402 Wakad Road S. 48, India, Pune, Maharashtra, 411057.

  • The corporate identification number (CIN) of Magneto It Solutions Private Limited is U72900PN2011PTC140436 and the company number is 140436 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magneto It Solutions Private Limited is https://www.magnetoitsolutions.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Magneto It Solutions Private Limited has risen by 82.94%.

  • As Per 2022 financial reports, 15 employees are currently employed by Magneto It Solutions Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Magneto It Solutions Private Limited has experienced an upsurge of 80.22%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Magneto It Solutions Private Limited amount to ₹ 7.50 M.

  • The most recent Balance Sheet for Magneto It Solutions Private Limited was filed with the ROC on 31 Mar 2023.