Magnum Foundations Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 08-12-2024
- Paid Up Capital ₹ 1.00 Cr
as on 08-12-2024
- Company Age 26 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 50.00 Cr
as on 08-12-2024
- Revenue %
(FY 2022)
- Profit -158.23%
(FY 2022)
- Ebitda -41.24%
(FY 2022)
- Net Worth -0.59%
(FY 2022)
- Total Assets 4.27%
(FY 2022)
About Magnum Foundations
The Corporate was formerly known as Vel Properties Private Limited. 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company has closed loans amounting to ₹50.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
N Ravi and Balasubramaniam Mahalingam serve as directors at the Company.
- CIN/LLPIN
U45201TN1998PTC039924
- Company No.
039924
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Feb 1998
- Date of AGM
27 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Magnum Foundations?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
N Ravi  | Director | 19-Feb-2021 | Current |
| Balasubramaniam Mahalingam | Director | 04-Feb-2021 | Current |
Financial Performance and Corporate Structure Insights of Magnum Foundations.
Magnum Foundations Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 158.23% decrease in profit. The company's net worth dipped by a decrease of 0.59%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Magnum Foundations?
In 2022, Magnum Foundations 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)
Sri Chamundeswari Sugars LimitedActive 54 years 7 daysBalasubramaniam Mahalingam is a mutual person
Sakthi Auto Component LimitedActive 25 years 10 monthsBalasubramaniam Mahalingam is a mutual person
- Sakthi Properties Coimbatore LimitedActive 23 years 8 months
Balasubramaniam Mahalingam is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Idbi Trusteeship Services Limited Creation Date: 23 Feb 2021 | ₹50.00 Cr | Satisfied |
How Many Employees Work at Magnum Foundations?
Unlock and access historical data on people associated with Magnum Foundations, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magnum Foundations, 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 Foundations'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.
