Magnet Finvest Services Private Limited
About Magnet Finvest Services Private Limited
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Magnet Finvest Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 19 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2006PTC163166. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Suvarna Mahendra Mulay and Mahendra Ganesh Mulay.
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 601 Sankalp Chs. S. H. Paralkar Road Shivaji Park Dadar (West), Mumbai, Maharashtra, India – 400028.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.5 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹2.08 Lakh (net margin 21.9%) and EBITDA of ₹3.75 Lakh (EBITDA margin 39.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magnet Finvest Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address601 Sankalp Chs. S. H. Paralkar Road Shivaji Park Dadar (West), Mumbai, Maharashtra, India – 400028
- IndustryFinancial Services, Financial Activities
To see the full contact details of Magnet Finvest Services 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 Magnet Finvest Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
Financials of Magnet Finvest Services Private Limited
FY 2025 filings availableMagnet Finvest Services Private Limited reported revenue of ₹9.5 Lakh (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 1% growth in the latest year. EBITDA fell 39% 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 | ₹3.75 Lakh | ||||
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| Net Profit (PAT) | ₹2.08 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 | 39.5% | ||||
| Net Profit Margin | 21.9% | ||||
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To see the full financial statements and ratios of Magnet Finvest Services Private Limited, buy the company report.
Board of directors of Magnet Finvest Services Private Limited
Magnet Finvest Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suvarna Mahendra Mulay | Director | 19 Jul 2006 | 20 Years 3 Months | Current |
| Mahendra Ganesh Mulay | Director | 14 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Magnet Finvest Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V.K.Chits India Private Limited | ₹9.55 Lakh (FY 2025) | -39.0% | Chitradurga, Karnataka, India | |||
| Nishchint Fincon Services Private Limited | ₹9.55 Lakh (FY 2024) | Vadodara, Gujarat, India | ||||
| Dramatic Trading Company Private Limited | ₹9.53 Lakh (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Bakliwal Finvest Pvt Ltd | ₹9.52 Lakh (FY 2025) | -34.0% | Kolkata, West Bengal, India | |||
| Saharai Benefit Fund Nidhi Limited | ₹9.5 Lakh (FY 2025) | 267.0% | Birbhum, West Bengal, India | |||
| Magnet Finvest Services Private Limitedthis company | ₹9.5 Lakh (FY 2025) | ₹2.08 Lakh | 21.9% | 1.0% | Mumbai, Maharashtra, India | |
| Holy Family Nidhi Limited | ₹9.49 Lakh (FY 2025) | 316.0% | Agastheeswaram, Tamil Nadu, India | |||
| Sanchi Commercial Pvt. Ltd. | ₹9.49 Lakh (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Dwarika Electroinvest Private Limited | ₹9.48 Lakh (FY 2025) | 109.0% | Delhi, India | |||
| Nine Investment Solutions Private Limited | ₹9.48 Lakh (FY 2025) | -41.0% | Mumbai, Maharashtra, India | |||
| Unid Finance Consultancy Private Limited | ₹9.46 Lakh (FY 2025) | 5.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magnet Finvest Services Private Limited, buy the company report.
Auditor
Magnet Finvest Services Private Limited is audited by ASHISH SHAH & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHISH SHAH & CO. | FY 2017 | 114801W |
Shareholding
The shareholding of Magnet Finvest Services Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magnet Finvest Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnet Finvest Services 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 Magnet Finvest Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnet Finvest Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magnet Finvest Services Private Limited, buy the company report.
Recent activity
Magnet Finvest Services Private Limited has 6 board changes on record since 2006: 4 appointments and 2 cessations. The latest: Mahendra Ganesh Mulay was appointed as Director on 14 Apr 2021.
Frequently asked questions
Magnet Finvest Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 19 July 2006 (20+ years old) and is registered under CIN U93090MH2006PTC163166.
Magnet Finvest Services has 2 current directors:
- Suvarna Mahendra Mulay - Director
- Mahendra Ganesh Mulay - Director
The latest financial statements of Magnet Finvest Services 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 2015 are in the company report.
No. Magnet Finvest Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnet Finvest Services is U93090MH2006PTC163166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Finvest Services was incorporated on 19 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magnet Finvest Services by revenue are V.K.Chits India Private Limited, Nishchint Fincon Services Private Limited, Dramatic Trading Company Private Limited, Bakliwal Finvest Pvt Ltd, Saharai Benefit Fund Nidhi Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Mahendra Ganesh Mulay was appointed as Director on 14 Apr 2021. Shravan Dattaprasanna Joshi ceased to be Director on 14 Apr 2021. Shravan Dattaprasanna Joshi was appointed as Director on 07 Sep 2011. Magnet Finvest Services has 6 board changes on record in total.
The registered office of Magnet Finvest Services is at 601 Sankalp Chs. S. H. Paralkar Road Shivaji Park Dadar West, Mumbai, Maharashtra, India – 400028.
Magnet Finvest Services operates in the financial services industry, in the financial activities segment.
The compliance status of Magnet Finvest Services is compliant as of 18 July 2026. The company is actively filing with the Registrar of Companies.
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