Magnum Insurance Broking Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 8.00 M
as on 16-11-2024
- Company Age 11 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Revenue 49.92%
(FY 2023)
- Profit 423.38%
(FY 2023)
- Ebitda 764.01%
(FY 2023)
- Net Worth 44.46%
(FY 2023)
- Total Assets 5.19%
(FY 2023)
About Magnum Insurance Broking
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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 8.00 M, as per Ministry of Corporate Affairs (MCA) records.
Chintan Babaria, Roshni Babaria, and Nishit Babaria serve as directors at the Company.
- CIN/LLPIN
U66000MH2013PTC244590
- Company No.
244590
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Jun 2013
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Nagpur, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Magnum Insurance Broking?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chintan Babaria  | Director | 18-Jun-2013 | Current |
| Roshni Babaria | Director | 08-Sep-2022 | Current |
| Nishit Babaria | Director | 18-Jun-2013 | Current |
Financial Performance of Magnum Insurance Broking.
Magnum Insurance Broking Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 49.92% increase. The company also saw a substantial improvement in profitability, with a 423.38% increase in profit. The company's net worth Soared by an impressive increase of 44.46%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Magnum Insurance Broking?
In 2023, Magnum Insurance Broking 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)
- Magnum Fincare Private LimitedActive 3 years 2 months
Chintan Babaria and Nishit Babaria are mutual person
- Devdatta's Yash Hospitality Private LimitedActive 11 months 2 days
Nishit Babaria is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Magnum Insurance Broking?
Magnum Insurance Broking has a workforce of 11 employees as of Apr 06, 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 Magnum Insurance Broking, 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 Insurance Broking'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.
