Magnus Power Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 24 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 73.41 Cr
- Satisfied Charges ₹ 15.24 Cr
- Revenue Growth -45.43%
- Profit Growth -50.81%
- Ebitda -17.25%
- Net Worth -1.19%
- Total Assets 1.22%
About Magnus Power
Magnus Power Private Limited (MPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 October 2000 and has a history of 24 years and four months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Energy And Power 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 Cr and a paid-up capital of Rs 5.00 Cr.
The company currently has active open charges totaling ₹73.41 Cr. The company has closed loans amounting to ₹15.24 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mallika Rajakumar and Kallur Rajakumar serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40131KA2000PTC028018
- Company No.
028018
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Oct 2000
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Energy and Power
What products or services does Magnus Power Private Limited offer?
Magnus Power Private Limited offers a wide range of products and services, including Marketing Services & Consultants, Sales Support Services, Engine & Engine Spare Parts, Diesel Engine, Power Plants & Spare Parts, Oxygen & Nitrogen Gas Plants, Biogas Plant, Electrical & Signaling Contractors, Electrical Work, Repair & Maintenance Services.
Magnus Power Private Limited
Explore comprehensive data for Magnus Power Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Magnus Power?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mallika Rajakumar  | Director | 23-Oct-2000 | Current |
| Kallur Rajakumar | Director | 23-Oct-2000 | Current |
Financial Performance of Magnus Power.
Magnus Power Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 45.43% decrease. The company also saw a substantial fall in profitability, with a 50.81% decrease in profit. The company's net worth dipped by a decrease of 1.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magnus Power?
In 2023, Magnus Power had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹73.41 Cr
Satisfied Charges
₹15.24 Cr
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 47.74 Cr
- Canara Bank : 25.67 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2022 | Canara Bank | ₹1.80 M | Open |
| 28 May 2019 | Standard Chartered Bank | ₹14.74 Cr | Open |
| 07 Aug 2018 | Standard Chartered Bank | ₹33.00 Cr | Open |
| 07 Jan 2014 | Canara Bank | ₹25.49 Cr | Open |
| 03 May 2018 | Syndicate Bank | ₹0.90 M | Satisfied |
How Many Employees Work at Magnus Power?
Magnus Power has a workforce of 91 employees as of Apr 07, 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 Magnus Power, 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 Magnus Power'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.
Latest Updates, News, and FAQs on Magnus Power
Recent activity within the organization
- Annual General Meeting
Magnus Power Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Magnus Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge registered on 27 Feb 2018 via Charge ID 100183828 with Axis Bank Limited was fully satisfied on 19 Mar 2024.
- Charges
A charge with Standard Chartered Bank of Rs. 14.74 Cr registered on 28 May 2019 with Charge ID 100264523 was modified on 09 Aug 2022.
- Charges
A charge with Standard Chartered Bank of Rs. 33.00 Cr registered on 07 Aug 2018 with Charge ID 100197612 was modified on 09 Aug 2022.
- Charges
A charge with Canara Bank amounted to Rs. 0.18 Cr with Charge ID 100601207 was registered on 28 Jul 2022.
Frequently asked questions
What is the Incorporation or founding date of Magnus Power Private Limited?
Magnus Power Private Limited was incorporated on 23 Oct 2000.
What is authorized share capital and paid-up capital of Magnus Power Private Limited?
The authorized share capital of Magnus Power Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 Cr.
Who are the current board members & directors of Magnus Power Private Limited?
Currently 2 directors are associated with Magnus Power Private Limited.
- Mallika Rajakumar
- Kallur Rajakumar
What is the registered address of Magnus Power Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Magnus Power Private Limited is 36 14Th Block 2Nd Stage Near M K Ahmed Super Market Nagarbhavi, India, Bengaluru, Karnataka, 560072.
What is the corporate identification number (CIN) and company number of Magnus Power Private Limited?
The corporate identification number (CIN) of Magnus Power Private Limited is U40131KA2000PTC028018 and the company number is 028018 as per Ministry of Corporate Affairs (MCA).
What is the official website of Magnus Power Private Limited?
The Official website of Magnus Power Private Limited is https://www.magnuspower.com
What has been the recent revenue trend for Magnus Power Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Magnus Power Private Limited has fallen by -45.43%.
How many employees does Magnus Power Private Limited currently have?
As Per 2023 financial reports, 91 employees are currently employed by Magnus Power Private Limited.
What change has been observed in the net worth of Magnus Power Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Magnus Power Private Limited has experienced an downturn of -1.19%.
What are the total open charges for Magnus Power Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Magnus Power Private Limited amount to ₹ 73.41 Cr.
When was the last Balance Sheet of Magnus Power Private Limited filed with the ROC?
The most recent Balance Sheet for Magnus Power Private Limited was filed with the ROC on 31 Mar 2024.
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