Magnastar India Private Limited
About Magnastar India Private Limited
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Magnastar India Private Limited was a private limited company based in Hyderabad, Telangana, 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 technology and IT services sector. It was incorporated on 20 August 2008.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2008PTC060654.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Ananth Nakirikanti and Sravan Kumar Kanukuntla.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Room No:202 Margi Building H.No:8 – 3 – 244/4/A Plot No:11&12 Madhura Nagar Yousufguda, Hyderabad, Telangana, India – 500098.
As per the financials filed for FY 2017, the company reported a revenue of ₹72,268, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹1,145 (net margin -1.6%) and EBITDA of -₹1,145 (EBITDA margin -1.6%).
Company details
CIN history
Magnastar India has one previous CIN (Corporate Identification Number): U72200AP2008PTC060654. The current CIN is U72200TG2008PTC060654, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2008PTC060654 | Current |
| U72200AP2008PTC060654 | Previous |
Contact details
Magnastar India Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No:202 Margi Building H.No:8 – 3 – 244/4/A Plot No:11&12 Madhura Nagar Yousufguda, Hyderabad, Telangana, India – 500098
- IndustryInformation Technology, Consultancy, Data Processing, Computer Programming, Hosting and Related Activities
To see the full contact details of Magnastar India 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
Business activity
The main business activity of Magnastar India is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Magnastar India Private Limited, buy the company report.
Financials of Magnastar India Private Limited
FY 2017 filings availableMagnastar India Private Limited reported revenue of ₹72,268 (up 6% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year. EBITDA rose 73% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹72,268 | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
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| Total Expenses | |||
| EBITDA | -₹1,145 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1,145 | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Inventories | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -1.6% | ||
| Net Profit Margin | -1.6% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Magnastar India Private Limited, buy the company report.
Board of directors of Magnastar India Private Limited
Magnastar India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ananth Nakirikanti | Director | 20 Aug 2008 | 18 Years 2 Months | As last reported |
| Sravan Kumar Kanukuntla Also directs: Rapha Health (India) Private Limited, Aspire Business Ventures LLP, Grain Impex Private Limited and 2 more | Director | 20 Nov 2013 | 12 Years 11 Months | As last reported |
Peer comparison
Magnastar India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhanoj Kumar Consultancy Private Limited | ₹73,215 (FY 2017) | New Delhi, Delhi, India | ||||
| Blitzal Marketers Private Limited | ₹73,111 (FY 2016) | Pune, Maharashtra, India | ||||
| Mkrsh Itinfo Private Limited | ₹72,806 (FY 2016) | Chennai, Tamil Nadu, India | ||||
| Sanmita Tele and Digital Marketing Private Limited | ₹72,696 (FY 2024) | Thane, Maharashtra, India | ||||
| Tuesday Technologies (OPC) Private Limited | ₹72,549 (FY 2017) | Bangalore, Karnataka, India | ||||
| Magnastar India Private Limitedthis company | ₹72,268 (FY 2017) | -₹1,145 | -1.6% | 6.0% | Hyderabad, Telangana, India | |
| Alpixn Technologies Private Limited | ₹72,224 (FY 2021) | 87.0% | Gurgaon, Haryana, India | |||
| Tubro Consultants & Enterprises Private Limited | ₹71,551 (FY 2025) | -38.0% | Kolkata, West Bengal, India | |||
| O. P. M. Softech Private Limited | ₹71,523 (FY 2025) | 8.0% | Gwalior, Madhya Pradesh, India | |||
| Renascent Infotech Private Limited | ₹71,397 (FY 2024) | -95.0% | Indirapuram, Uttar Pradesh, India | |||
| Vaageesa Global Technologies Private Limited | ₹71,035 (FY 2025) | -69.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magnastar India Private Limited, buy the company report.
Auditor
Magnastar India Private Limited is audited by A N Rao & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A N Rao & Associates | FY 2017 | 014861S |
Shareholding
The shareholding of Magnastar India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magnastar India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnastar India 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 Magnastar India 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 Magnastar India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magnastar India Private Limited has 6 board changes on record since 2008: 2 appointments and 4 cessations. The latest: Sravan Kumar Kanukuntla ceased to be Additional Director on 29 Sep 2014.
Frequently asked questions
Magnastar India 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.
Magnastar India was a private limited company based in Hyderabad, Telangana, India. The company worked in consultancy, within the information technology industry. It was incorporated on 20 August 2008 and is registered under CIN U72200TG2008PTC060654. The company has been struck off by the Registrar of Companies and is no longer operational.
Magnastar India had 2 directors:
- Ananth Nakirikanti - Director
- Sravan Kumar Kanukuntla - Director
The CIN (Corporate Identification Number) of Magnastar India is U72200TG2008PTC060654. 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 Magnastar India is at Room No:202 Margi Building H.No:8 – 3 – 2444A Plot No:11&12 Madhura Nagar Yousufguda, Hyderabad, Telangana, India – 500098.
Magnastar India was incorporated on 20 August 2008. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Magnastar India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Magnastar India operated in the information technology industry, in the consultancy segment. It worked in this industry before it was struck off.
The peers of Magnastar India by revenue are Dhanoj Kumar Consultancy Private Limited, Blitzal Marketers Private Limited, Mkrsh Itinfo Private Limited, Sanmita Tele and Digital Marketing Private Limited, Tuesday Technologies (OPC) Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Sravan Kumar Kanukuntla ceased to be Additional Director on 29 Sep 2014. Pratik Vemula ceased to be Director on 05 Dec 2013. Sangwan Monika ceased to be Director on 05 Dec 2013. Magnastar India has 6 board changes on record in total.
Magnastar India can be reached at its registered office: Room No:202 Margi Building H.No:8 – 3 – 2444A Plot No:11&12 Madhura Nagar Yousufguda, Hyderabad, Telangana, India – 500098.
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