Magnolia Infrastructure Development Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 2.00 Cr
- Company Age 14 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 108.65 Cr
- Satisfied Charges ₹ 10.79 Cr
- Revenue Growth 48.37%
- Profit Growth 78.75%
- Ebitda 60.00%
- Net Worth 38.90%
- Total Assets 26.16%
About Magnolia Infrastructure Development
Magnolia Infrastructure Development Limited (MIDL) is a leading Public Limited Indian Non-Government Company incorporated in India on 12 August 2010 and has a history of 14 years and six months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Real Estate And Construction 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 2.00 Cr and a paid-up capital of Rs 2.00 Cr.
The company currently has active open charges totaling ₹108.65 Cr. The company has closed loans amounting to ₹10.79 Cr, as per Ministry of Corporate Affairs (MCA) records.
Abhijit Majumdar, Vivek Poddar, Swapan Poddar, and Three other members serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U70200WB2010PLC152199
- Company No.
152199
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 Aug 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Who are the key members and board of directors at Magnolia Infrastructure Development?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vivek Poddar  | Managing Director | 12-Aug-2010 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Minu Tulsian | Director | 06-Oct-2022 | Current |
| Abhishek Poddar | Whole-Time Director | 12-Aug-2010 | Current |
| Abhijit Majumdar | Director | 06-Oct-2022 | Current |
| Swapan Poddar | Director | 12-Aug-2010 | Current |
| Milan Poddar | Director | 12-Aug-2010 | Current |
Financial Performance of Magnolia Infrastructure Development.
Magnolia Infrastructure Development Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 48.37% increase. The company also saw a substantial improvement in profitability, with a 78.75% increase in profit. The company's net worth Soared by an impressive increase of 38.9%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Magnolia Infrastructure Development?
In 2023, Magnolia Infrastructure Development had a promoter holding of 100.00%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Kalinga Metalics LimitedAbhijit Majumdar is a mutual person
- Magnolia Project Management Services Llp
Vivek Poddar and Abhishek Poddar are mutual person
- Magnolia Green City Developers Private Limited
Vivek Poddar and Abhishek Poddar are mutual person
- Koki Paints Private Limited
Swapan Poddar and Milan Poddar are mutual person
- Torque Realty Private Limited
Abhishek Poddar is a mutual person
- Fabworth Promoters Private Limited
Minu Tulsian is a mutual person
Charges (Loans)
₹108.65 Cr
₹10.79 Cr
Charges Breakdown by Lending Institutions
- Others : 90.99 Cr
- Idbi Bank Limited : 8.90 Cr
- Sahara Housingfina Corporation Limited : 7.57 Cr
- Hdfc Bank Limited : 1.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jun 2024 | Others | ₹18.00 Cr | Open |
| 12 Dec 2023 | Idbi Bank Limited | ₹4.50 Cr | Open |
| 30 Nov 2023 | Others | ₹10.00 Cr | Open |
| 01 Nov 2023 | Idbi Bank Limited | ₹4.40 Cr | Open |
| 25 Jul 2023 | Others | ₹2.00 Cr | Open |
How Many Employees Work at Magnolia Infrastructure Development?
Magnolia Infrastructure Development has a workforce of 24 employees as of Apr 08, 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 Magnolia Infrastructure Development, 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 Magnolia Infrastructure Development'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.
