Magmas Wealth Solutions Private Limited
About Magmas Wealth Solutions Private Limited
Data last updated:
Magmas Wealth Solutions Private Limited was a private limited company based in Kolhapur, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the consultancy services segment of the financial services sector. It was incorporated on 10 April 2013.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2013PTC146893.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.35 Lakh. It was led by directors including Ganesh Anantrao Koli and Mayur Mahendrakumar Bhalani.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 1812 3rd Lane Rajarampuri E Ward, Kolhapur, Maharashtra, India – 416008.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.98 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9,145 (net margin 1.8%) and EBITDA of ₹16,745 (EBITDA margin 3.4%).
Company details
Contact details
Magmas Wealth Solutions Private Limited's registered office is in Kolhapur, Maharashtra.
- Registered Address1812 3rd Lane Rajarampuri E Ward, Kolhapur, Maharashtra, India – 416008
- IndustryFinancial Services, Consultancy, Advisory, Financial Brokerage
- 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
Business activity
The main business activity of Magmas Wealth Solutions is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Magmas Wealth Solutions Private Limited, buy the company report.
Financials of Magmas Wealth Solutions Private Limited
FY 2016 filings availableMagmas Wealth Solutions Private Limited reported revenue of ₹4.98 Lakh (up 1124% YoY) for FY 2016.
Financial Statement Summary
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| EBITDA | ₹16,745 | |
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| Net Profit (PAT) | ₹9,145 | |
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.4% | |
| Net Profit Margin | 1.8% | |
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To see the full financial statements and ratios of Magmas Wealth Solutions Private Limited, buy the company report.
Board of directors of Magmas Wealth Solutions Private Limited
Magmas Wealth Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Anantrao Koli | Director | 10 Apr 2013 | 13 Years 6 Months | As last reported |
| Mayur Anil Modi | Additional Director | 25 May 2017 | 9 Years 5 Months | As last reported |
| Mayur Mahendrakumar Bhalani Also directs: Vbhub Consol Services Private Limited | Director | 10 Apr 2013 | 13 Years 6 Months | As last reported |
Peer comparison
Magmas Wealth Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Edrica Wealth Management Private Limited | ₹4.99 Lakh (FY 2022) | Kolkata, West Bengal, India | ||||
| Securepips Business Solutions Private Limited | ₹4.98 Lakh (FY 2023) | Kollam, Kerala, India | ||||
| Sunlife Management Advisory Services Private Limited | ₹4.98 Lakh (FY 2016) | 30.0% | Mumbai, Maharashtra, India | |||
| High Range Stocks and Investments Private Limited | ₹4.98 Lakh (FY 2025) | 6.0% | Ernakulam, Kerala, India | |||
| Essentia Financial Consultancy Services Private Limited | ₹4.98 Lakh (FY 2018) | 41.0% | Mumbai, Maharashtra, India | |||
| Magmas Wealth Solutions Private Limitedthis company | ₹4.98 Lakh (FY 2016) | ₹9,145 | 1.8% | 1124.0% | Kolhapur, Maharashtra, India | |
| Impact Advisory Services Private Limited | ₹4.97 Lakh (FY 2020) | 24.0% | New Delhi, Delhi, India | |||
| Anm Cube Private Limited | ₹4.97 Lakh (FY 2025) | 484.0% | Jaipur, Rajasthan, India | |||
| Uranus Financial Services Private Limited | ₹4.97 Lakh (FY 2016) | -95.0% | Faridabad, Haryana, India | |||
| JRDT Advisors Private Limited | ₹4.95 Lakh (FY 2024) | Haryana, India | ||||
| Finance Brain Private Limited | ₹4.95 Lakh (FY 2025) | -89.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magmas Wealth Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magmas Wealth Solutions 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 Magmas Wealth Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Magmas Wealth Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magmas Wealth Solutions Private Limited has 7 board changes on record since 2013: 3 appointments and 4 cessations. The latest: Ajit Arun Jadhav ceased to be Director on 18 Jan 2018.
Frequently asked questions
Magmas Wealth Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Magmas Wealth Solutions was a private limited company based in Kolhapur, Maharashtra, India. The company worked in consultancy, within the financial services industry. It was incorporated on 10 April 2013 and is registered under CIN U74900PN2013PTC146893. The company has been struck off by the Registrar of Companies and is no longer operational.
Magmas Wealth Solutions had 3 directors:
- Ganesh Anantrao Koli - Director
- Mayur Anil Modi - Additional Director
- Mayur Mahendrakumar Bhalani - Director
The CIN (Corporate Identification Number) of Magmas Wealth Solutions is U74900PN2013PTC146893. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magmas Wealth Solutions is at 1812 3rd Lane Rajarampuri E Ward, Kolhapur, Maharashtra, India – 416008.
Magmas Wealth Solutions was incorporated on 10 April 2013. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Magmas Wealth Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
Magmas Wealth Solutions operated in the financial services industry, in the consultancy segment. It worked in this industry before it was struck off.
The peers of Magmas Wealth Solutions by revenue are Edrica Wealth Management Private Limited, Securepips Business Solutions Private Limited, Sunlife Management Advisory Services Private Limited, High Range Stocks and Investments Private Limited, Essentia Financial Consultancy Services Private Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Ajit Arun Jadhav ceased to be Director on 18 Jan 2018. Mayur Anil Modi was appointed as Additional Director on 25 May 2017. Amit Rajaram Katkar ceased to be Director on 24 Jan 2015. Magmas Wealth Solutions has 7 board changes on record in total.
The compliance status of Magmas Wealth Solutions is active non-compliant as of 20 August 2026.
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