Magtorq Profile
Key Indicators
- Authorised Capital ₹ 2.40 M
as on 23-10-2024
- Paid Up Capital ₹ 2.10 M
as on 23-10-2024
- Company Age 35 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 30.42 Cr
as on 23-10-2024
- Satisfied Charges ₹ 33.61 Cr
as on 23-10-2024
- Revenue 9.58%
(FY 2023)
- Profit 10.94%
(FY 2023)
- Ebitda -31.26%
(FY 2023)
- Net Worth 15.42%
(FY 2023)
- Total Assets 16.59%
(FY 2023)
About Magtorq
The Corporate was formerly known as Magtorq Power Clutches Private Limited. The Company is engaged in the Automotive 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 2.40 M and a paid-up capital of Rs 2.10 M.
The company currently has active open charges totaling ₹30.42 Cr. The company has closed loans amounting to ₹33.61 Cr, as per Ministry of Corporate Affairs (MCA) records.
Manjeri Anantram, Deepak Sankhla, Arun Ramchandani, and Two other members serve as directors at the Company.
- CIN/LLPIN
U02520TZ1989PTC002458
- Company No.
002458
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Jun 1989
- Date of AGM
20 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Krishnagiri, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Magtorq Private Limited offer?
Magtorq Private Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Industrial Gearboxes, Hydraulic Jacks, Lifts & Winches, Winches, Gear parts, Electric Motors and Components, Gear Motor, Bottle Jacks, Screw Jacks.
Who are the key members and board of directors at Magtorq?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pantallore Kutty  | Managing Director | 04-Jul-1989 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manjeri Anantram | Director | 12-Aug-2010 | Current |
| Deepak Sankhla | Nominee Director | 19-Jul-2022 | Current |
| Arun Ramchandani | Nominee Director | 24-Apr-2017 | Current |
| Ajit Narayan | Director | 03-May-2017 | Current |
Financial Performance and Corporate Structure Insights of Magtorq.
Magtorq Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.58% increase. The company also saw a substantial improvement in profitability, with a 10.94% increase in profit. The company's net worth Soared by an impressive increase of 15.42%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magtorq?
In 2023, Magtorq had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Magtorq Engineering Solutions Private LimitedActive 17 years 4 monthsManjeri Anantram, Ajit Narayan and 1 more are mutual person
- L&T Special Steels And Heavy Forgings Private LimitedActive 15 years 5 months
Arun Ramchandani is a mutual person
- Palakkad Organic Food Crop Producer Company LimitedActive 9 years 5 months
Pantallore Kutty is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Canara Bank Creation Date: 06 Mar 2015 | ₹30.15 Cr | Open |
Canara Bank Creation Date: 15 Mar 2002 | ₹0.14 M | Open |
The Tamil Nadu Industrial Investment Corporation Ltd. Creation Date: 19 Nov 2001 | ₹2.02 M | Open |
How Many Employees Work at Magtorq?
Unlock and access historical data on people associated with Magtorq, 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 Magtorq, 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 Magtorq'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.
