Magnum Finmart Private Limited

Distributor of financial and insurance products since 1996 in Mumbai.

1996 | Mumbai, Maharashtra (India) | Active
Last Updated:

Magnum Finmart Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 28 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 7.25 Cr
  • Revenue Growth -6.73%
  • Profit Growth -1019.89%
  • Ebitda -2932.59%
  • Net Worth -43.74%
  • Total Assets -45.70%

About Magnum Finmart

Magnum Finmart Private Limited (MFPL) is a Private Limited Indian Non-Government Company incorporated in India on 08 May 1996 and has a history of 28 years and nine months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Magnum Wealth Management Private Limited. 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 5.00 M and a paid-up capital of Rs 5.00 M.

The company has closed loans amounting to ₹7.25 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Jiten Jadavji, Dhiraj Shah, Ramesh Dedhia, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    magnum.co.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U67120MH1996PTC099361

  • Company No.

    099361

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 May 1996

  • Date of AGM

    21 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Magnum Finmart?

Board Members (4)

NameDesignationAppointment DateStatus
Jiten Jadavji Country flag representing In Director 08-May-1996Current
Dhiraj Shah Country flag representing In Director 08-May-1996Current
Ramesh Dedhia Country flag representing In Director 08-May-1996Current
Sanjay Vora Country flag representing In Director 08-May-1996Current

Financial Performance of Magnum Finmart.

Magnum Finmart Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 6.73% decrease. The company also saw a substantial fall in profitability, with a 1019.89% decrease in profit. The company's net worth observed a substantial decline by a decrease of 43.74%.

Magnum Finmart revenue growth over time
Magnum Finmart 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
-6.73%
Revenue from Operations
66.47%
Total Assets
-45.70%
Profit or Loss
-1019.89%
Net Worth
-43.74%
EBITDA
-2932.59%

What is the Ownership and Shareholding Structure of Magnum Finmart?

In 2022, Magnum Finmart had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹72.50 M

Charges Breakdown by Lending Institutions

  • Kotak Mahindra Bank Limited : 7.25 Cr

Latest Charge Details

DateLenderAmountStatus
23 Jun 2008Kotak Mahindra Bank Limited₹7.25 CrSatisfied

How Many Employees Work at Magnum Finmart?

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

Employee growth trends for Magnum Finmart Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnum Finmart, 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 Magnum Finmart'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 Magnum Finmart

Recent activity within the organization

  • Annual General Meeting

    Magnum Finmart Private Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Magnum Finmart Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge registered on 23 Jun 2008 via Charge ID 10144721 with Kotak Mahindra Bank Limited was fully satisfied on 21 Mar 2014.

  • Charges

    A charge with Kotak Mahindra Bank Limited of Rs. 72.50 M registered on 23 Jun 2008 with Charge ID 10144721 was modified on 06 Jul 2009.

  • Charges

    A charge with Kotak Mahindra Bank Limited amounted to Rs. 72.50 M with Charge ID 10144721 was registered on 23 Jun 2008.

  • Director Appointment

    Jiten Chheda Jadavji was appointed as a Director was appointed as a Director on 08 May 1996 & has been associated with this company since 28 years 9 months .

Frequently asked questions

  • What is the Incorporation or founding date of Magnum Finmart Private Limited?

    Magnum Finmart Private Limited was incorporated on 08 May 1996.

  • What is authorized share capital and paid-up capital of Magnum Finmart Private Limited?

    The authorized share capital of Magnum Finmart Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Who are the current board members & directors of Magnum Finmart Private Limited?

    Currently 4 directors are associated with Magnum Finmart Private Limited.

    • Jiten Chheda Jadavji
    • Dhiraj Lakhamshi Shah
    • Ramesh Dungarshi Dedhia
    • Sanjay Bhavanji Vora

  • What is the registered address of Magnum Finmart Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnum Finmart Private Limited is D 30 Empire Mahal Khodadadcircle 806 Dr B A Rd Dadar Tt India, Mumbai, Maharashtra, 400014.

  • What is the corporate identification number (CIN) and company number of Magnum Finmart Private Limited?

    The corporate identification number (CIN) of Magnum Finmart Private Limited is U67120MH1996PTC099361 and the company number is 099361 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Magnum Finmart Private Limited?

    The Official website of Magnum Finmart Private Limited is https://www.magnum.co.in

  • What has been the recent revenue trend for Magnum Finmart Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Magnum Finmart Private Limited has fallen by -6.73%.

  • What change has been observed in the net worth of Magnum Finmart Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Magnum Finmart Private Limited has experienced an downturn of -43.74%.

  • When was the last Balance Sheet of Magnum Finmart Private Limited filed with the ROC?

    The most recent Balance Sheet for Magnum Finmart Private Limited was filed with the ROC on 31 Mar 2024.