Magnifying Solutions Private Limited

IT service provider offering hardware, software, and communication solutions since 2013.

2013 | Kota, Rajasthan (India) | Active
Last Updated: January 27, 2025

Magnifying Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 11 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.77 Cr
  • Revenue Growth 33.32%
  • Profit Growth 95.01%
  • Ebitda 53.82%
  • Net Worth 194.39%
  • Total Assets 16.64%

About Magnifying Solutions

Magnifying Solutions Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 May 2013 and has a history of 11 years and eight months. Its registered office is in Kota, Rajasthan, 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 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹5.77 Cr.

Gaurav Jain and Sudha Jain serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U72900RJ2013PTC042680

  • Company No.

    042680

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 May 2013

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jaipur

Industry

Information Technology

What products or services does Magnifying Solutions Private Limited offer?

Magnifying Solutions Private Limited offers a wide range of products and services, including Barware and Bar Accessories, Bar Accessories, Computer Hardware & Peripherals, Computer Monitors, Laptops, PC, Mainframes & Computers, Laptops.

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

Board Members (2)

Name Designation Appointment Date Status
Gaurav Jain Country flag representing In Director 28-May-2013 Current
Sudha Jain Country flag representing In Director 28-May-2013 Current

Financial Performance of Magnifying Solutions.

Magnifying Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 33.32% increase. The company also saw a substantial improvement in profitability, with a 95.01% increase in profit. The company's net worth Soared by an impressive increase of 194.39%.

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
33.32%
Revenue from Operations
33.56%
Total Assets
16.64%
Profit or Loss
95.01%
Net Worth
194.39%
EBITDA
53.82%

What is the Ownership and Shareholding Structure of Magnifying Solutions?

Unlock access to Magnifying 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

₹57.70 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 4.80 Cr
  • Canara Bank : 0.97 Cr

Latest Charge Details

Date Lender Amount Status
06 Apr 2023 Others ₹4.80 Cr Open
31 Jul 2018 Canara Bank ₹1.50 M Open
27 Oct 2017 Canara Bank ₹7.20 M Open
19 Sep 2015 Canara Bank ₹1.00 M Open

How Many Employees Work at Magnifying Solutions?

Unlock and access historical data on people associated with Magnifying Solutions, 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 Magnifying 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 Magnifying 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 Magnifying Solutions

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Charges

    A charge with Others of Rs. 48.00 M registered on 06 Apr 2023 with Charge ID 100696059 was modified on 30 Aug 2024.

    30 Aug 2024

  • Balance Sheet

    Magnifying Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 48.00 M with Charge ID 100696059 was registered on 06 Apr 2023.

    06 Apr 2023

  • Charges

    A charge with Canara Bank of Rs. 7.20 M registered on 27 Oct 2017 with Charge ID 100155170 was modified on 15 Nov 2018.

    15 Nov 2018

  • Charges

    A charge with Canara Bank amounted to Rs. 1.50 M with Charge ID 100234556 was registered on 31 Jul 2018.

    31 Jul 2018

Frequently asked questions

  • Magnifying Solutions Private Limited was incorporated on 28 May 2013.

  • The authorized share capital of Magnifying Solutions Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Magnifying Solutions Private Limited.

    • Gaurav Jain
    • Sudha Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnifying Solutions Private Limited is 349 Shopping Centre India, Kota, Rajasthan, 324007.

  • The corporate identification number (CIN) of Magnifying Solutions Private Limited is U72900RJ2013PTC042680 and the company number is 042680 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Magnifying Solutions Private Limited is https://www.magnifyinggroup.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magnifying Solutions Private Limited has risen by 33.32%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magnifying Solutions Private Limited has experienced an upsurge of 194.39%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Magnifying Solutions Private Limited amount to ₹ 5.77 Cr.

  • The most recent Balance Sheet for Magnifying Solutions Private Limited was filed with the ROC on 31 Mar 2024.