Magnum Foundations Private Limited

Provides general construction services for multi-dwelling residential buildings since 1998.

1998 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Magnum Foundations Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 27 Year, 23 Days
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 50.00 Cr
  • Revenue Growth %
  • Profit Growth -158.23%
  • Ebitda 100.00%
  • Net Worth -0.59%
  • Total Assets 4.27%

About Magnum Foundations

Magnum Foundations Private Limited (MFPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 February 1998 and has a history of 27 years. Its registered office is in Chennai, Tamil Nadu, India.

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.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • 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

Real Estate and Construction
Company report

Magnum Foundations Private Limited

Explore comprehensive data for Magnum Foundations Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (2)

NameDesignationAppointment DateStatus
N Ravi Country flag representing In Director 19-Feb-2021Current
Balasubramaniam Mahalingam Country flag representing In Director 04-Feb-2021Current

Financial Performance 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%.

Magnum Foundations revenue growth over time
Magnum Foundations 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
Revenue from Operations
Total Assets
4.27%
Profit or Loss
-158.23%
Net Worth
-0.59%
EBITDA
100.00%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹50.00 Cr

Charges Breakdown by Lending Institutions

  • Idbi Trusteeship Services Limited : 50.00 Cr

Latest Charge Details

DateLenderAmountStatus
23 Feb 2021Idbi Trusteeship Services Limited₹50.00 CrSatisfied

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.

Employee growth trends for Magnum Foundations Private Limited

Deals i

Graph showing company valuation over time

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

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 Foundations

Recent activity within the organization

  • Annual General Meeting

    Magnum Foundations Private Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Magnum Foundations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Charges

    A charge registered on 23 Feb 2021 via Charge ID 100447185 with Idbi Trusteeship Services Limited was fully satisfied on 23 Mar 2022.

  • Charges

    A charge with Idbi Trusteeship Services Limited amounted to Rs. 50.00 Cr with Charge ID 100447185 was registered on 23 Feb 2021.

  • Director Appointment

    N V Ravi was appointed as a Director was appointed as a Director on 19 Feb 2021 & has been associated with this company since 4 years 21 days .

  • Director Appointment

    Balasubramaniam Mahalingam was appointed as a Director was appointed as a Director on 04 Feb 2021 & has been associated with this company since 4 years 1 month .

Frequently asked questions

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

    Magnum Foundations Private Limited was incorporated on 18 Feb 1998.

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

    The authorized share capital of Magnum Foundations Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.

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

    Currently 2 directors are associated with Magnum Foundations Private Limited.

    • N V Ravi
    • Balasubramaniam Mahalingam

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Magnum Foundations Private Limited is Rajarajeswari Towers No.29 30 Dr. Radhakrishnan Salai Mylapore, India, Chennai, Tamil Nadu, 600004.

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

    The corporate identification number (CIN) of Magnum Foundations Private Limited is U45201TN1998PTC039924 and the company number is 039924 as per Ministry of Corporate Affairs (MCA).

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Magnum Foundations Private Limited has experienced an downturn of -0.59%.

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

    The most recent Balance Sheet for Magnum Foundations Private Limited was filed with the ROC on 31 Mar 2023.

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