Magtech Motors Pvt Ltd

Manufactures water heaters, solar systems, and electrical appliances since 1991.

1991 | Ahmedabad, Gujarat (India) | Active
Last Updated: July 06, 2024

Magtech Motors Profile

Key Indicators

  • Authorised Capital ₹ 2.55 Cr
  • Paid Up Capital ₹ 3.01 M
  • Company Age 33 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -3.78%
  • Profit Growth -27.25%
  • Ebitda -30.67%
  • Net Worth 1.74%
  • Total Assets 3.58%

About Magtech Motors

Magtech Motors Pvt Ltd (MMPL) is a Private Limited Indian Non-Government Company incorporated in India on 08 March 1991 and has a history of 33 years and ten months. Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Consumer Electronics & Durables 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 2.55 Cr and a paid-up capital of Rs 3.01 M, as per Ministry of Corporate Affairs (MCA) records.

Bhavesh Girishbhai and Jayshreeben Rohitkumar serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U50101GJ1991PTC015178

  • Company No.

    015178

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Mar 1991

  • Date of AGM

    23 Jun 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Consumer Electronics & Durables

Who are the key members and board of directors at Magtech Motors?

Board Members (2)

Name Designation Appointment Date Status
Bhavesh Girishbhai Country flag representing In Director 24-Nov-2020 Current
Jayshreeben Rohitkumar Country flag representing Io Director 08-Mar-1991 Current

Financial Performance of Magtech Motors.

Magtech Motors Pvt Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.78% decrease. The company also saw a substantial fall in profitability, with a 27.25% decrease in profit. The company's net worth moved up by a moderate rise of 1.74%.

Graph illustrating revenue growth over time
Graph showing 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
-3.78%
Revenue from Operations
-2.52%
Total Assets
3.58%
Profit or Loss
-27.25%
Net Worth
1.74%
EBITDA
-30.67%

What is the Ownership and Shareholding Structure of Magtech Motors?

In 2023, Magtech Motors 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Magtech Motors?

Magtech Motors has a workforce of 1 employees as of Apr 05, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magtech Motors, 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 Magtech Motors'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 Magtech Motors

Recent activity within the organization

  • Annual General Meeting

    Magtech Motors Pvt Ltd last Annual general meeting of members was held on 23 Jun 2023 as per latest MCA records.

    23 Jun 2023

  • Balance Sheet

    Magtech Motors Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Director Appointment

    Bhavesh Patel Girishbhai was appointed as a Director was appointed as a Director on 24 Nov 2020 & has been associated with this company since 4 years 2 months .

    24 Nov 2020

  • Director Appointment

    Jayshreeben Patel Rohitkumar was appointed as a Director was appointed as a Director on 08 Mar 1991 & has been associated with this company since 33 years 10 months .

    08 Mar 1991

  • Company Incorporation

    Magtech Motors Pvt Ltd was registered on 08 Mar 1991 with Roc Ahmedabad & aged 33 years 10 months as per MCA records.

    08 Mar 1991

Frequently asked questions

  • Magtech Motors Pvt Ltd was incorporated on 08 Mar 1991.

  • The authorized share capital of Magtech Motors Pvt Ltd is ₹ 2.55 Cr and paid-up capital is ₹ 3.01 M.

  • Currently 2 directors are associated with Magtech Motors Pvt Ltd.

    • Bhavesh Patel Girishbhai
    • Jayshreeben Patel Rohitkumar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magtech Motors Pvt Ltd is G-9 Chinubhai Centre Nr. Patang Hotel Ashram Road, Ahmedabad, Gujarat, India, 380009.

  • The corporate identification number (CIN) of Magtech Motors Pvt Ltd is U50101GJ1991PTC015178 and the company number is 015178 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Magtech Motors Pvt Ltd has fallen by -3.78%.

  • As Per 2023 financial reports, 1 employees are currently employed by Magtech Motors Pvt Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Magtech Motors Pvt Ltd has experienced an upsurge of 1.74%.

  • The most recent Balance Sheet for Magtech Motors Pvt Ltd was filed with the ROC on 31 Mar 2023.

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