Magnifiq Services Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.57 Cr
- Company Age 8 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 28.11 Cr
- Satisfied Charges ₹ 3.00 Cr
- Revenue Growth 18.82%
- Profit Growth 23.76%
- Ebitda 37.10%
- Net Worth 35.17%
- Total Assets 49.00%
About Magnifiq Services
Magnifiq Services Private Limited (MSPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 May 2016 (Eight years and nine months 21 days old ). Its registered office is in Guntur, Andhra Pradesh, India.
The Corporate was formerly known as Tel Towers Private Limited. The Company is engaged in the Telecom 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 3.00 Cr and a paid-up capital of Rs 2.57 Cr.
The company currently has active open charges totaling ₹28.11 Cr. The company has closed loans amounting to ₹3.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Samyuktha Alapati, Narasimha Sagi, and Nitin Kumar serve as directors at the Company.
Company Details
- Location
Guntur, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72900AP2016PTC103174
- Company No.
103174
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 May 2016
- Date of AGM
18 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
What products or services does Magnifiq Services Private Limited offer?
Magnifiq Services Private Limited offers a wide range of products and services, including Antennas, Wifi & Communication Tower, Communication Towers, Building & Real Estate Developers, Construction Service, Commercial Construction Service, Architectural & Civil Engineering, Engineering Consultant Service, Industrial & Metal Fabrication, Industrial Fabrication, Analyzers & Analytical Instruments.
Who are the key members and board of directors at Magnifiq Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Kumar  | Whole-Time Director | 01-Oct-2019 | Current |
| Samyuktha Alapati | Director | 19-Apr-2021 | Current |
| Narasimha Sagi | Whole-Time Director | 05-Jul-2017 | Current |
Financial Performance of Magnifiq Services.
Magnifiq Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.82% increase. The company also saw a substantial improvement in profitability, with a 23.76% increase in profit. The company's net worth Soared by an impressive increase of 35.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Magnifiq Services?
In 2023, Magnifiq 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)
Deccan Diamondery LlpSamyuktha Alapati is a mutual person
- Navakisan Bio Science Farming Private Limited
Samyuktha Alapati is a mutual person
- Moel Infrastructure Private Limited
Samyuktha Alapati is a mutual person
- Kpr India Llp
Nitin Kumar is a mutual person
Charges (Loans)
₹28.11 Cr
₹3.00 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 28.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Feb 2023 | Hdfc Bank Limited | ₹9.10 M | Open |
| 10 Aug 2020 | Hdfc Bank Limited | ₹13.60 Cr | Open |
| 27 Sep 2019 | Hdfc Bank Limited | ₹13.60 Cr | Open |
| 31 Aug 2020 | Others | ₹3.00 Cr | Satisfied |
How Many Employees Work at Magnifiq Services?
Magnifiq Services has a workforce of 89 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magnifiq 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 Magnifiq 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.
