Socialmagnet Innovations Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.50 M
- Company Age 7 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.50 M
- Revenue Growth 57.84%
- Profit Growth 533.01%
- Ebitda 180.07%
- Net Worth 96.72%
- Total Assets -19.96%
About Socialmagnet Innovations
Socialmagnet Innovations Private Limited (SIPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 11 December 2017 (Seven years and one month 28 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Business Outsourcing 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 1.00 M and a paid-up capital of Rs 0.50 M.
The company currently has active open charges totaling ₹9.50 M.
Sharanagouda Patil, Ramapura Srinivasa, and Ajithkumar Koryaru serve as directors at the Company.
Company Details
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Location
Bangaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U21003KA2017PTC108587
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Company No.
108587
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Dec 2017
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Socialmagnet Innovations?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramapura Srinivasa
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Director | 11-Dec-2017 | Current |
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Sharanagouda Patil
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Director | 11-Dec-2017 | Current |
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Ajithkumar Koryaru
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Additional Director | 15-May-2022 | Current |
Financial Performance of Socialmagnet Innovations.
Socialmagnet Innovations Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 57.84% increase. The company also saw a substantial improvement in profitability, with a 533.01% increase in profit. The company's net worth Soared by an impressive increase of 96.72%.
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What is the Ownership and Shareholding Structure of Socialmagnet Innovations?
In 2020, Socialmagnet Innovations 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)
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Inventsense Private LimitedSharanagouda Patil and Ramapura Srinivasa are mutual person
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As Infinity Ventures Private Limited
Ajithkumar Koryaru is a mutual person
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Jeeth Marketing Ventures Private Limited
Ajithkumar Koryaru is a mutual person
Charges (Loans)
₹9.50 M
₹0
Charges Breakdown by Lending Institutions
- Others : 0.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jan 2023 | Others | ₹9.50 M | Open |
How Many Employees Work at Socialmagnet Innovations?
Unlock and access historical data on people associated with Socialmagnet Innovations, 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 Socialmagnet Innovations, 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 Socialmagnet Innovations'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.
