Magnet Labs Private Limited
About Magnet Labs Private Limited
Data last updated:
Magnet Labs Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Mankind Pharma Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 17 April 1998.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51397DL1998PTC093307. Its GSTIN is 07AACCM1861C2ZU (Delhi). The company held 10 GST registrations, all of them active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4 Lakh. It was led by directors including Bharat Anand and Sheetal Arora.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 208 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2022, the company reported a revenue of ₹306.91 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹30.68 Cr (net margin 10%) and EBITDA of ₹23.48 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company had about 1,075 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 13 cases involving the company, including 11 filed by the company and 1 filed against it; 2 cases are pending.
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- Registered Address208 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryPharma, Pharmaceutical Retailers & Distributors
- 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
- One PDF report, delivered after checkout
Business Activity of Magnet Labs Private Limited
The main business activity of Magnet Labs is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magnet Labs Private Limited FY 2022 filings available
Magnet Labs Private Limited reported revenue of ₹306.91 Cr (up 20% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Magnet Labs Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 20% growth 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 of Magnet Labs Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹306.91 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹23.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.68 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magnet Labs Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magnet Labs are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Magnet Labs Private Limited
Magnet Labs has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Anand | Director | 31 Aug 2018 | 8 Years 1 Months | As last reported |
| Sheetal Arora | Director | 01 May 2017 | 9 Years 5 Months | As last reported |
| Arjun Juneja | Director | 01 May 2017 | 9 Years 5 Months | As last reported |
| Rajeev Juneja | Director | 01 May 2017 | 9 Years 5 Months | As last reported |
Peer Comparison of Magnet Labs Private Limited
Magnet Labs Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sneha Medicare Private Limited | ₹316.29 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| International Specialty Products (India) Private Limited | ₹316.28 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Entod Pharmaceuticals Limited | ₹308.3 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| SVS Facility Management Services Private Limited | ₹307.5 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
| Magnet Labs Private Limited this company | ₹306.91 Cr (FY 2022) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Chhattisgarh Medical Services Corporation Limited | ₹305.27 Cr (FY 2019) | •••• | •••• | 17.0% | •••• | Raipur, Chhattisgarh, India |
| Lazz Medico Private Limited | ₹300.3 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Kolkata, West Bengal, India |
| Missionpharma Logistics (India) Private Limited | ₹298.76 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Ahmedabad, Gujarat, India |
| Lifecare Pharma Private Limited | ₹294.25 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Teva Pharmaceutical and Chemical Industries India Private Limited | ₹293.98 Cr (FY 2025) | •••• | •••• | 142.0% | •••• | Mumbai, Maharashtra, India |
| Medidrop Pharma Private Limited | ₹292.83 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Magnet Labs by revenue in the Pharma industry (Pharma Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magnet Labs Private Limited
Magnet Labs Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. BATLIBOI & CO. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Magnet Labs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magnet Labs Private Limited
Magnet Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Magnet Labs Private Limited
Magnet Labs Private Limited has 13 court cases on record: 11 filed by Magnet Labs, 1 filed against it, 1 where it is another party. 2 cases are pending and 11 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 2 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Commercial suit | Filed by the company against Achieva Healthcare Private Limited | Disposed |
| District court, South East, Delhi | Revision petition | Filed against the company by I-Focus Multitech Solution Private Limited | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against Aristo Pharmaceuticals Private Limited | Disposed |
| High Court of Delhi | Court case (C.A.(COMM.IPD-TM)) | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (C.A.(COMM.IPD-TM)) | Filed by the company against Registrar of Trade Marks | Pending |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Magnet Labs Private Limited
Magnet Labs Private Limited has a workforce of 1,075 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Magnet Labs Private Limited
Magnet Labs Private Limited has 20 board changes on record since 2007: 4 appointments and 16 cessations. The latest: Bharat Anand ceased to be Additional Director on 29 Sep 2018.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Magnet Labs Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magnet Labs Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magnet Labs Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magnet Labs Private Limited
Magnet Labs has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCM1861C2ZU | Delhi | Active | 07 Sep 2017 |
| 03AACCM1861C1Z3 | Punjab | Active | 01 Jul 2017 |
| 06AACCM1861C1ZX | Haryana | Active | 01 Jul 2017 |
| 09AACCM1861C1ZR | Uttar Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magnet Labs Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magnet Labs Private Limited
Magnet Labs has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Magnet Labs was a private limited company based in New Delhi, Delhi, India. The company worked in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 17 April 1998 and is registered under CIN U51397DL1998PTC093307. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magnet Labs was incorporated on 17 April 1998. It is registered with the Registrar of Companies, Delhi.
Magnet Labs had 4 directors:
- Bharat Anand - Director
- Sheetal Arora - Director
- Arjun Juneja - Director
- Rajeev Juneja - Director
The CIN (Corporate Identification Number) of Magnet Labs is U51397DL1998PTC093307. 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 Magnet Labs is at 208 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
Magnet Labs reported revenue of ₹306.91 Cr for FY 2022 (up 20% YoY).
Magnet Labs has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4 Lakh.
Magnet Labs reported a net profit of ₹30.68 Cr (net margin 10%) and EBITDA of ₹23.48 Cr (EBITDA margin 7.7%) for FY 2022, as per its filed financial statements.
The GSTIN of Magnet Labs is 07AACCM1861C2ZU, registered in Delhi. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 03AACCM1861C1Z3 (Punjab), 06AACCM1861C1ZX (Haryana), 09AACCM1861C1ZR (Uttar Pradesh).
Magnet Labs operated in the pharma industry, in the pharmaceutical retailers and distributors segment.