About Magik Eye Tech Private Limited
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Magik Eye Tech Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Magik Eye Inc.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC133171. Its GSTIN is 29AANCM3665R1ZD (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Praveen Kumar Bhimireddy and Abhishek Srivastava.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.42 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹19.7 Lakh (net margin 8.1%) and EBITDA of ₹31.9 Lakh (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
The company is associated with 1 brand: Magik Eye.
For more details, the company can be reached via its website magik-eye.com.
Company details
Contact details
Magik Eye Tech Private Limited's registered office is in Bangalore, Karnataka. Its website is magik-eye.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2318 99/3 Rachenahalli 101 – Samprasiddhi Green Edge Off. Thanis, Andra Road, Bangalore, Karnataka, India – 560077
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Magik Eye Tech Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Magik Eye Tech operates one associated brand: Magik Eye. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 3D image sensors for VR and diverse applications are developed. | magik-eye.com |
Business activity
The main business activity of Magik Eye Tech is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Magik Eye Tech Private Limited, buy the company report.
Financials of Magik Eye Tech Private Limited
FY 2025 filings availableMagik Eye Tech Private Limited reported revenue of ₹2.42 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over three years, including 1% growth in the latest year. EBITDA fell 25% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹31.9 Lakh | ||||
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| Net Profit (PAT) | ₹19.7 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 8.1% | ||||
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To see the full financial statements and ratios of Magik Eye Tech Private Limited, buy the company report.
Board of directors of Magik Eye Tech Private Limited
Magik Eye Tech has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Kumar Bhimireddy | Director | 03 Mar 2020 | 6 Years 7 Months | Current |
| Abhishek Srivastava | Director | 08 Mar 2021 | 5 Years 7 Months | Current |
| M Feisal Afzal | Director | 03 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Magik Eye Tech Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Subhashini Software Solutions Limited | ₹2.43 Cr (FY 2025) | 22.0% | Hyderabad, Telangana, India | |||
| Pegasys Technologies India Private Limited | ₹2.43 Cr (FY 2019) | 10.0% | Hyderabad, Telangana, India | |||
| Website Toolbox India Private Limited | ₹2.43 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Werardt Systemss Private Limited | ₹2.43 Cr (FY 2025) | 4.0% | Pune, Maharashtra, India | |||
| Optimuz Technologies Private Limited | ₹2.43 Cr (FY 2020) | -27.0% | Muttuchira, Kerala, India | |||
| Magik Eye Tech Private Limitedthis company | ₹2.42 Cr (FY 2025) | ₹19.7 Lakh | 8.1% | 1.0% | Bangalore, Karnataka, India | |
| Greeva Software Solutions Private Limited | ₹2.42 Cr (FY 2025) | 74.0% | Chennai, Tamil Nadu, India | |||
| Maritime Infolab Private Limited | ₹2.42 Cr (FY 2024) | 14809.0% | Noida, Uttar Pradesh, India | |||
| Talent Takeaways Infotech Private Limited | ₹2.42 Cr (FY 2025) | 0.0% | Chennai, Tamil Nadu, India | |||
| Starpick Fantasy Private Limited | ₹2.42 Cr (FY 2019) | Bangalore, Karnataka, India | ||||
| BMS Innolabs Software Private Limited | ₹2.42 Cr (FY 2019) | -23.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magik Eye Tech Private Limited, buy the company report.
Auditor
Magik Eye Tech Private Limited is audited by RAMESH ATHASNIYA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH ATHASNIYA & COMPANY | FY 2023 | 007480S |
Shareholding
The shareholding of Magik Eye Tech Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magik Eye Tech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magik Eye Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magik Eye Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magik Eye Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCM3665R1ZD | Karnataka | Active | 01 Apr 2021 |
To see the full GST registrations and return filing status of Magik Eye Tech Private Limited, buy the company report.
Recent activity
Magik Eye Tech Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Abhishek Srivastava ceased to be Additional Director on 31 Dec 2021.
News
Frequently asked questions
Magik Eye Tech is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 March 2020 (6+ years old) and is registered under CIN U72900KA2020FTC133171.
Magik Eye Tech has 3 current directors:
- Praveen Kumar Bhimireddy - Director
- Abhishek Srivastava - Director
- M Feisal Afzal - Director
The latest financial statements of Magik Eye Tech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Magik Eye Tech is 29AANCM3665R1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Magik Eye Tech is U72900KA2020FTC133171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magik Eye Tech was incorporated on 03 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Magik Eye Tech by revenue are Subhashini Software Solutions Limited, Pegasys Technologies India Private Limited, Website Toolbox India Private Limited, Werardt Systemss Private Limited, Optimuz Technologies Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Abhishek Srivastava ceased to be Additional Director on 31 Dec 2021. Abhishek Srivastava was appointed as Director on 08 Mar 2021. M Feisal Afzal was appointed as Director on 03 Mar 2020. Magik Eye Tech has 4 board changes on record in total.
Magik Eye Tech can be reached through the website magik-eye.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Magik Eye Tech is at 2318 993 Rachenahalli 101 – Samprasiddhi Green Edge Off. Thanis, Andra Road, Bangalore, Karnataka, India – 560077.
Magik Eye Tech operates in the information technology industry, in the application development and software solutions segment.