Magnify Technologies Private Limited
Provides computer hardware, software, and related services, including e-commerce and networking.
2021 | Mumbai, Maharashtra (India) | Active
Magnify Technologies Profile
Key Indicators
- Authorised Capital ₹ 70.60 Cr
- Paid Up Capital ₹ 70.53 Cr
- Company Age 3 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 64.00 Cr
- Revenue Growth %
- Profit Growth -164292.02%
- Ebitda -22916.92%
- Net Worth 244609.22%
- Total Assets 529430.57%
About Magnify Technologies
Magnify Technologies Private Limited (MTPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 May 2021 (Three years and 11 months 6 days old ). Its registered office is in Mumbai, 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 2024. It's a company limited by shares with an authorized capital of Rs 70.60 Cr and a paid-up capital of Rs 70.53 Cr.
The company currently has active open charges totaling ₹64.00 Cr.
The Key Managerial Personnel (KMP) at Magnify Technologies Private Limited India is Chetan Vijay as COMPANY SECRETARY. Hakimuddin Ronak and Sung Ahn serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U70100MH2021PTC359814
- Company No.
359814
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 May 2021
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Information Technology
Magnify Technologies Private Limited
Explore comprehensive data for Magnify Technologies Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Magnify Technologies?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Chetan Vijay | Company Secretary | 24-Oct-2024 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hakimuddin Ronak  | Director | 23-Jan-2023 | Current |
Sung Ahn  | Director | 16-Jun-2023 | Current |
Financial Performance of Magnify Technologies.
Magnify Technologies Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 164292.02% decrease in profit. The company's net worth Soared by an impressive increase of 244609.22%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magnify Technologies?
In 2023, Magnify Technologies 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)
Mirae Asset Investment Managers (India) Private LimitedSung Ahn is a mutual person
- Mirae Asset Venture Investments (India) Private Limited
Sung Ahn is a mutual person
- Mirae Asset Global Investments (India) Private Limited
Sung Ahn is a mutual person
- Mirae Asset Foundation
Sung Ahn is a mutual person
- Mirae Asset Logistics Park I Private Limited
Hakimuddin Ronak is a mutual person
- Mirae Asset Realty One Private Limited
Hakimuddin Ronak and Sung Ahn are mutual person
Charges (Loans)
Open Charges
₹64.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 64.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jan 2023 | Others | ₹64.00 Cr | Open |
How Many Employees Work at Magnify Technologies?
Magnify Technologies has a workforce of 0 employees as of Apr 06, 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 Technologies, 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 Technologies'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 Magnify Technologies
Recent activity within the organization
- Director Appointment
Chetan Vijay was appointed as a Company Secretary was appointed as a Company Secretary on 24 Oct 2024 & has been associated with this company since 5 months 15 days .
- Annual General Meeting
Magnify Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Magnify Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Sung Ho Ahn was appointed as a Director was appointed as a Director on 16 Jun 2023 & has been associated with this company since 1 year 9 months .
- Director Appointment
Hakimuddin Ronak was appointed as a Director was appointed as a Director on 23 Jan 2023 & has been associated with this company since 2 years 2 months .
- Charges
A charge with Others of Rs. 64.00 Cr registered on 04 Jan 2023 with Charge ID 100670265 was modified on 05 Jan 2023.
Frequently asked questions
What is the Incorporation or founding date of Magnify Technologies Private Limited?
Magnify Technologies Private Limited was incorporated on 03 May 2021.
What is authorized share capital and paid-up capital of Magnify Technologies Private Limited?
The authorized share capital of Magnify Technologies Private Limited is ₹ 70.60 Cr and paid-up capital is ₹ 70.53 Cr.
Who are the current board members & directors of Magnify Technologies Private Limited?
Currently 3 directors are associated with Magnify Technologies Private Limited.
- Hakimuddin Ronak
- Sung Ho Ahn
- Chetan Vijay
What is the registered address of Magnify Technologies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magnify Technologies Private Limited is Unit No. 606 6Th Floor Windsor Bldg Cst Rd Kalina, Santacruz East India, Mumbai, Maharashtra, 400098.
What is the corporate identification number (CIN) and company number of Magnify Technologies Private Limited?
The corporate identification number (CIN) of Magnify Technologies Private Limited is U70100MH2021PTC359814 and the company number is 359814 as per Ministry of Corporate Affairs (MCA).
What change has been observed in the net worth of Magnify Technologies Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Magnify Technologies Private Limited has experienced an upsurge of 244609.22%.
What are the total open charges for Magnify Technologies Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Magnify Technologies Private Limited amount to ₹ 64.00 Cr.
When was the last Balance Sheet of Magnify Technologies Private Limited filed with the ROC?
The most recent Balance Sheet for Magnify Technologies Private Limited was filed with the ROC on 31 Mar 2024.
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