Magtech Solutions Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
as on 16-06-2024
- Paid Up Capital ₹ 0.10 M
as on 16-06-2024
- Company Age 23 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 4.50 Cr
as on 16-06-2024
- Revenue 11.27%
(FY 2022)
- Profit -874.28%
(FY 2022)
- Ebitda -219.09%
(FY 2022)
- Net Worth -135.73%
(FY 2022)
- Total Assets -23.77%
(FY 2022)
About Magtech Solutions
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 2.50 M and a paid-up capital of Rs 0.10 M.
The company has closed loans amounting to ₹4.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Naman Jain, Babita Jain, and Subhash Jain serve as directors at the Company.
- CIN/LLPIN
U80100DL2001PTC111766
- Company No.
111766
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Jul 2001
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
New Delhi, Delhi, India
- Telephone
- Email Address
- Website
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- Social Media-
Who are the key members and board of directors at Magtech Solutions?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Naman Jain  | Director | 29-Nov-2022 | Current |
| Babita Jain | Director | 23-Jul-2001 | Current |
| Subhash Jain | Director | 23-Jul-2001 | Current |
Financial Performance of Magtech Solutions.
Magtech Solutions Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 11.27% increase. The company also saw a substantial fall in profitability, with a 874.28% decrease in profit. The company's net worth observed a substantial decline by a decrease of 135.73%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magtech Solutions?
In 2022, Magtech Solutions 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)
Sahai Cables International Pvt LtdActive 43 years 11 monthsNaman Jain, Babita Jain and 1 more are mutual person
- Rocket Sales And Marketing Private LimitedActive 14 years 9 months
Naman Jain and Subhash Jain are mutual person
- Grasp Academy Private LimitedActive 17 years 11 months
Naman Jain and Subhash Jain are mutual person
- Ozone Infotech Private LimitedActive 18 years 11 months
Babita Jain and Subhash Jain are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Ing Vysya Bank Limited Creation Date: 06 Nov 2007 | ₹4.00 Cr | Satisfied |
Ing Vysya Bank Ltd. Creation Date: 29 Sep 2004 | ₹5.00 M | Satisfied |
How Many Employees Work at Magtech Solutions?
Unlock and access historical data on people associated with Magtech Solutions, 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 Magtech Solutions, 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 Solutions'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.
