Magnifund Financial Services Private Limited

Founded in 2018 and headquartered in Karnataka, India.

2018 | Bangaluru, Karnataka (India) | Active
Last Updated: December 16, 2024

Magnifund Financial Services Profile

Key Indicators

  • Authorised Capital ₹ 2.11 Cr
  • Paid Up Capital ₹ 2.11 Cr
  • Company Age 6 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 870.98%
  • Profit Growth 872.35%
  • Ebitda -100.49%
  • Net Worth 4.00%
  • Total Assets 5.49%

About Magnifund Financial Services

Magnifund Financial Services Private Limited (MFSPL) is a Private Limited Indian Non-Government Company incorporated in India on 15 November 2018 (Six years and three months 8 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Financial Services 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 2.11 Cr and a paid-up capital of Rs 2.11 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kartik Jain and Abhinav Gupta serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65990KA2018PTC118565

  • Company No.

    118565

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 Nov 2018

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Magnifund Financial Services?

Board Members (2)

NameDesignationAppointment DateStatus
Kartik Jain Country flag representing In Director 15-Nov-2018Current
Abhinav Gupta Country flag representing In Additional Director 23-Feb-2024Current

Financial Performance of Magnifund Financial Services.

Magnifund Financial Services Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 870.98% increase. The company also saw a substantial improvement in profitability, with a 872.35% increase in profit. The company's net worth moved up by a moderate rise of 4%.

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
870.98%
Revenue from Operations
Total Assets
5.49%
Profit or Loss
872.35%
Net Worth
4.00%
EBITDA
-100.49%

What is the Ownership and Shareholding Structure of Magnifund Financial Services?

Unlock access to Magnifund Financial Services'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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Magnifund Financial Services?

Unlock and access historical data on people associated with Magnifund Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnifund Financial Services, 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 Magnifund Financial Services'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

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Latest Updates, News, and FAQs on Magnifund Financial Services

Recent activity within the organization

  • Annual General Meeting

    Magnifund Financial Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Magnifund Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Director Appointment

    Abhinav Gupta was appointed as a Additional Director was appointed as a Additional Director on 23 Feb 2024 & has been associated with this company since 11 months 29 days .

    23 Feb 2024

  • Director Appointment

    Kartik Jain was appointed as a Director was appointed as a Director on 15 Nov 2018 & has been associated with this company since 6 years 3 months .

    15 Nov 2018

  • Company Incorporation

    Magnifund Financial Services Private Limited was registered on 15 Nov 2018 with Roc Bangalore & aged 6 years 3 months as per MCA records.

    15 Nov 2018

Frequently asked questions

  • Magnifund Financial Services Private Limited was incorporated on 15 Nov 2018.

  • The authorized share capital of Magnifund Financial Services Private Limited is ₹ 2.11 Cr and paid-up capital is ₹ 2.11 Cr.

  • Currently 2 directors are associated with Magnifund Financial Services Private Limited.

    • Kartik Jain
    • Abhinav Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnifund Financial Services Private Limited is 1St Floor, Gopala Krishna Complex 45/3 Residency Road India, Bengaluru, Karnataka, 560025.

  • The corporate identification number (CIN) of Magnifund Financial Services Private Limited is U65990KA2018PTC118565 and the company number is 118565 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Magnifund Financial Services Private Limited has risen by 870.98%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Magnifund Financial Services Private Limited has experienced an upsurge of 4.00%.

  • The most recent Balance Sheet for Magnifund Financial Services Private Limited was filed with the ROC on 31 Mar 2024.

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