Magnet Financial Services Profile
Key Indicators
- Authorised Capital ₹ 1.16 Cr
- Paid Up Capital ₹ 1.16 Cr
- Company Age 30 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth -69.39%
- Profit Growth -93.25%
- Ebitda -80.78%
- Net Worth -0.19%
- Total Assets 44.30%
About Magnet Financial Services
Magnet Financial Services Private Limited (MFSPL) is a Private Limited Indian Non-Government Company incorporated in India on 21 July 1994 and has a history of 30 years and seven months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Parntech Distributors Pvt Ltd. 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 2024. It's a company limited by shares with an authorized capital of Rs 1.16 Cr and a paid-up capital of Rs 1.16 Cr, as per Ministry of Corporate Affairs (MCA) records.
Harsh Mutha and Abhijit Mutha serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U51109MH1994PTC306594
- Company No.
306594
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
21 Jul 1994
- Date of AGM
18 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Magnet Financial Services?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harsh Mutha  | Director | 28-Aug-2018 | Current |
| Abhijit Mutha | Director | 28-Aug-2018 | Current |
Financial Performance of Magnet Financial Services.
Magnet Financial Services Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 69.39% decrease. The company also saw a substantial fall in profitability, with a 93.25% decrease in profit. The company's net worth dipped by a decrease of 0.19%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Magnet Financial Services?
In 2023, Magnet Financial Services 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)
Om Sai Ganesh Builders And Developers Private LimitedHarsh Mutha is a mutual person
- Lovneer Marketing Pvt. Ltd.
Harsh Mutha and Abhijit Mutha are mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Magnet Financial Services?
Unlock and access historical data on people associated with Magnet Financial Services, 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 Magnet Financial Services, 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 Magnet Financial Services'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.
