Magtorq Profile
Key Indicators
- Authorised Capital ₹ 2.40 M
- Paid Up Capital ₹ 2.10 M
- Company Age 35 Year, 7 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 seven 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
- 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
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 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 LimitedManjeri Anantram, Ajit Narayan and 1 more are mutual person
L&T Mbda Missile Systems LimitedArun Ramchandani is a mutual person
Arp Technologies Private LimitedManjeri Anantram is a mutual person
- L&T Special Steels And Heavy Forgings Private Limited
Arun Ramchandani is a mutual person
- Palakkad Organic Food Crop Producer Company Limited
Pantallore Kutty is a mutual person
Charges (Loans)
₹304.16 M
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Mar 2015 | Canara Bank | ₹30.15 Cr | Open |
| 15 Mar 2002 | Canara Bank | ₹0.14 M | Open |
| 19 Nov 2001 | The Tamil Nadu Industrial Investment Corporation Ltd. | ₹2.02 M | Open |
| 30 Oct 1995 | The Tamil Nadu Industrial Investment Corporation Ltd. | ₹0.50 M | Open |
| 27 Nov 2012 | Icici Bank Limited | ₹12.94 Cr | Satisfied |
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.
