Marathwada Accelerator For Growth And Incubation Council

Founded in 2018 and headquartered in Maharashtra, India.

2018 | Aurangabad, Maharashtra (India) | Active
Last Updated: July 29, 2024

Marathwada Accelerator For Growth And Incubation Council Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 0.55 M
  • Company Age 6 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 84.13%
  • Profit Growth 279.13%
  • Ebitda 27.53%
  • Net Worth 301.98%
  • Total Assets 277.66%

About Marathwada Accelerator For Growth And Incubation Council

Marathwada Accelerator For Growth And Incubation Council (MAFGAIC) is a Private Not For Profit Company incorporated in India on 06 April 2018 (Six years and nine months 28 days old ). Its registered office is in Aurangabad, Maharashtra, India.

The Company is engaged in the Business 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 2.00 M and a paid-up capital of Rs 0.55 M, as per Ministry of Corporate Affairs (MCA) records.

Mukund Bhogale, Kedar Deshpande, Hemant Kank, and Eight other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U74999MH2018NPL307673

  • Company No.

    307673

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    06 Apr 2018

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Business Services

Who are the key members and board of directors at Marathwada Accelerator For Growth And Incubation Council?

Executive Team (1)

Name Designation Appointment Date Status
Kedar Deshpande Country flag representing In Managing Director 29-Dec-2019 Current

Board Members (10)

Name Designation Appointment Date Status
Suresh Todkar Country flag representing In Director 29-Dec-2019 Current
Sunil Raithatha Country flag representing In Director 29-Dec-2019 Current
Prashant Deshpande Country flag representing In Director 29-Dec-2019 Current
Mukund Bhogale Country flag representing In Director 29-Dec-2019 Current
Maithilee Tambolkar Country flag representing In Director 31-Jul-2021 Current
Hemant Kank Country flag representing In Director 29-Dec-2019 Current

Financial Performance of Marathwada Accelerator For Growth And Incubation Council.

Marathwada Accelerator For Growth And Incubation Council, for the financial year ended 2023, experienced significant growth in revenue, with a 84.13% increase. The company also saw a substantial improvement in profitability, with a 279.13% increase in profit. The company's net worth Soared by an impressive increase of 301.98%.

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
84.13%
Revenue from Operations
Total Assets
277.66%
Profit or Loss
279.13%
Net Worth
301.98%
EBITDA
27.53%

What is the Ownership and Shareholding Structure of Marathwada Accelerator For Growth And Incubation Council?

In 2023, Marathwada Accelerator For Growth And Incubation Council 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 Marathwada Accelerator For Growth And Incubation Council?

Unlock and access historical data on people associated with Marathwada Accelerator For Growth And Incubation Council, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Marathwada Accelerator For Growth And Incubation Council, 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 Marathwada Accelerator For Growth And Incubation Council'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 Marathwada Accelerator For Growth And Incubation Council

Recent activity within the organization

  • Annual General Meeting

    Marathwada Accelerator For Growth And Incubation Council last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Marathwada Accelerator For Growth And Incubation Council has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Mukund Nilkanth Bhogale was appointed as a Director was appointed as a Director on 29 Dec 2019 & has been associated with this company since 5 years 1 month .

    29 Dec 2019

  • Director Appointment

    Kedar Keshav Deshpande was appointed as a Managing Director was appointed as a Managing Director on 29 Dec 2019 & has been associated with this company since 5 years 1 month .

    29 Dec 2019

  • Director Appointment

    Hemant Madhukar Kank was appointed as a Director was appointed as a Director on 29 Dec 2019 & has been associated with this company since 5 years 1 month .

    29 Dec 2019

  • Director Appointment

    Suresh Bhavrao Todkar was appointed as a Director was appointed as a Director on 29 Dec 2019 & has been associated with this company since 5 years 1 month .

    29 Dec 2019

Frequently asked questions

  • Marathwada Accelerator For Growth And Incubation Council was incorporated on 06 Apr 2018.

  • The authorized share capital of Marathwada Accelerator For Growth And Incubation Council is ₹ 2.00 M and paid-up capital is ₹ 0.55 M.

  • Currently 11 directors are associated with Marathwada Accelerator For Growth And Incubation Council.

    • Mukund Nilkanth Bhogale
    • Kedar Keshav Deshpande
    • Hemant Madhukar Kank
    • Suresh Bhavrao Todkar
    • Maithilee Sakharam Tambolkar
    • Prasad Laxmikant Kokil
    • Prashant Vijay Deshpande
    • Ritesh Rajendraprasad Mishra
    • Sunil Vinodrai Raithatha
    • Rohit Umesh Dashrathi
    • Ashish Yashwant Garde
  • As per Ministry of Corporate Affairs (Mca), the registered address of Marathwada Accelerator For Growth And Incubation Council is P No - 2 Bajaj Bhavan Station Road, Aurangabad, Maharashtra, India, 431001.

  • The corporate identification number (CIN) of Marathwada Accelerator For Growth And Incubation Council is U74999MH2018NPL307673 and the company number is 307673 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Marathwada Accelerator For Growth And Incubation Council is https://www.magicincubation.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Marathwada Accelerator For Growth And Incubation Council has risen by 84.13%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Marathwada Accelerator For Growth And Incubation Council has experienced an upsurge of 301.98%.

  • The most recent Balance Sheet for Marathwada Accelerator For Growth And Incubation Council was filed with the ROC on 31 Mar 2023.