Magnify Industries Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.50 M
- Company Age 6 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.08 Cr
- Satisfied Charges ₹ 2.61 Cr
- Revenue Growth 31.78%
- Profit Growth -66.59%
- Ebitda 9.36%
- Net Worth 12.21%
- Total Assets -24.48%
About Magnify Industries
Magnify Industries Private Limited (MIPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 05 September 2018 (Six years and four months 29 days old ). Its registered office is in Vadodara, Gujarat, India.
The Company is engaged in the Energy And Power 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 M and a paid-up capital of Rs 2.50 M.
The company currently has active open charges totaling ₹4.08 Cr. The company has closed loans amounting to ₹2.61 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shalin Mehta and Darshak Mehta serve as directors at the Company.
Company Details
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Location
Vadodara, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U31909GJ2018PTC103897
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Company No.
103897
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
05 Sep 2018
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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 Ahmedabad
Industry
Who are the key members and board of directors at Magnify Industries?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shalin Mehta
|
Director | 05-Sep-2018 | Current |
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Darshak Mehta
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Director | 05-Sep-2018 | Current |
Financial Performance of Magnify Industries.
Magnify Industries Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 31.78% increase. The company also saw a substantial fall in profitability, with a 66.59% decrease in profit. The company's net worth Soared by an impressive increase of 12.21%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Magnify Industries?
In 2020, Magnify Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹40.80 M
₹26.10 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 3.88 Cr
- Others : 0.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jul 2024 | Hdfc Bank Limited | ₹2.00 M | Open |
| 10 Apr 2023 | Hdfc Bank Limited | ₹1.50 M | Open |
| 02 Nov 2021 | Hdfc Bank Limited | ₹3.53 Cr | Open |
| 23 Oct 2021 | Others | ₹2.00 M | Open |
| 24 Jan 2019 | Axis Bank Limited | ₹1.03 Cr | Satisfied |
How Many Employees Work at Magnify Industries?
Magnify Industries has a workforce of 37 employees as of Apr 09, 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 Magnify Industries, 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 Magnify Industries'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.