Magtorq Private Limited

Designs and manufactures planetary and custom gear transmission systems, including gearboxes, screw jacks, and more.

1989 | Krishnagiri, Tamil Nadu (India) | Active
Last Updated:

Magtorq Profile

Key Indicators

  • Authorised Capital ₹ 2.40 M
  • Paid Up Capital ₹ 2.10 M
  • Company Age 35 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 30.42 Cr
  • Satisfied Charges ₹ 33.61 Cr
  • Revenue Growth 9.58%
  • Profit Growth 10.94%
  • Ebitda -31.26%
  • Net Worth 15.42%
  • Total Assets 16.59%

About Magtorq

Magtorq Private Limited (MPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 June 1989 and has a history of 35 years and eight months. Its registered office is in Krishnagiri, Tamil Nadu, India.

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.

Company Details

  • Location

    Krishnagiri, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    magtorq.org

  • Social Media
    -

Corporate Identity Details

  • 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

Automotive

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)

NameDesignationAppointment DateStatus
Pantallore Kutty Country flag representing In Managing Director04-Jul-1989Current

Board Members (4)

NameDesignationAppointment DateStatus
Manjeri Anantram Country flag representing In Director 12-Aug-2010Current
Deepak Sankhla Country flag representing In Nominee Director 19-Jul-2022Current
Arun Ramchandani Country flag representing In Nominee Director 24-Apr-2017Current
Ajit Narayan Country flag representing In Director 03-May-2017Current

Financial Performance 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%.

Magtorq revenue growth over time
Magtorq 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
9.58%
Revenue from Operations
9.66%
Total Assets
16.59%
Profit or Loss
10.94%
Net Worth
15.42%
EBITDA
-31.26%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹304.16 M

Satisfied Charges

₹336.08 M

Charges Breakdown by Lending Institutions

  • Canara Bank : 30.16 Cr
  • The Tamil Nadu Industrial Investment Corporation Ltd. : 0.25 Cr

Latest Charge Details

DateLenderAmountStatus
06 Mar 2015Canara Bank₹30.15 CrOpen
15 Mar 2002Canara Bank₹0.14 MOpen
19 Nov 2001The Tamil Nadu Industrial Investment Corporation Ltd.₹2.02 MOpen
30 Oct 1995The Tamil Nadu Industrial Investment Corporation Ltd.₹0.50 MOpen
27 Nov 2012Icici Bank Limited₹12.94 CrSatisfied

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.

Employee growth trends for Magtorq Private Limited

Deals i

Graph showing company valuation over time

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

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 Magtorq

Recent activity within the organization

  • Annual General Meeting

    Magtorq Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Magtorq Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

  • Charges

    A charge with Canara Bank of Rs. 301.50 M registered on 06 Mar 2015 with Charge ID 10578762 was modified on 13 Oct 2023.

  • Director Appointment

    Deepak Sankhla was appointed as a Nominee Director was appointed as a Nominee Director on 19 Jul 2022 & has been associated with this company since 2 years 7 months .

  • Director Appointment

    Ajit Narayan was appointed as a Director was appointed as a Director on 03 May 2017 & has been associated with this company since 7 years 10 months .

  • Director Appointment

    Arun Taro Ramchandani was appointed as a Nominee Director was appointed as a Nominee Director on 24 Apr 2017 & has been associated with this company since 7 years 10 months .

Frequently asked questions

  • What is the Incorporation or founding date of Magtorq Private Limited?

    Magtorq Private Limited was incorporated on 13 Jun 1989.

  • What is authorized share capital and paid-up capital of Magtorq Private Limited?

    The authorized share capital of Magtorq Private Limited is ₹ 2.40 M and paid-up capital is ₹ 2.10 M.

  • Who are the current board members & directors of Magtorq Private Limited?

    Currently 5 directors are associated with Magtorq Private Limited.

    • Manjeri Parameswaran Anantram
    • Deepak Sankhla
    • Arun Taro Ramchandani
    • Ajit Narayan
    • Pantallore Vadikketil Narayanan Kutty

  • What is the registered address of Magtorq Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magtorq Private Limited is 58 C Sipcotindustrial Complex India, Hosur, Tamil Nadu, 635126.

  • What is the corporate identification number (CIN) and company number of Magtorq Private Limited?

    The corporate identification number (CIN) of Magtorq Private Limited is U02520TZ1989PTC002458 and the company number is 002458 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Magtorq Private Limited?

    The Official website of Magtorq Private Limited is https://www.magtorq.org

  • What has been the recent revenue trend for Magtorq Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magtorq Private Limited has risen by 9.58%.

  • What change has been observed in the net worth of Magtorq Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magtorq Private Limited has experienced an upsurge of 15.42%.

  • What are the total open charges for Magtorq Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Magtorq Private Limited amount to ₹ 30.42 Cr.

  • When was the last Balance Sheet of Magtorq Private Limited filed with the ROC?

    The most recent Balance Sheet for Magtorq Private Limited was filed with the ROC on 31 Mar 2024.

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