Magnet Softech Private Limited
About Magnet Softech Private Limited
Data last updated:
Magnet Softech Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72200WB2011PTC162631.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Bindu Agrawal and Kasturi Agrawal.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ad – 261 Salt Lake City 2nd Floor, Kolkata, West Bengal, India – 700064.
As per the financials filed for FY 2021, the company reported a revenue of ₹31,000, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹1,950 (net margin -6.3%) and EBITDA of -₹1,950 (EBITDA margin -6.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 28% over five years.
Court records list 2 cases involving the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressAd – 261 Salt Lake City 2nd Floor, Kolkata, West Bengal, India – 700064
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Softech Private Limited
The main business activity of Magnet Softech is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | 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 Softech Private Limited FY 2021 filings available
Magnet Softech Private Limited reported revenue of ₹31,000 (down 7% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Magnet Softech Private Limited
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA rose 80% 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 Softech Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1,950 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1,950 | •••• | •••• | •••• | •••• |
| 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 Softech Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.3% | •••• | •••• | •••• | •••• |
| 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 Softech 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.
Peer Comparison of Magnet Softech Private Limited
Magnet Softech Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Itouchpoint Softech Private Limited | ₹32,049 (FY 2019) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Nextbrick Solutions Limited | ₹32,000 (FY 2025) | •••• | •••• | -99.0% | •••• | Delhi, India |
| Bignaz Infotech Private Limited | ₹31,200 (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Multimedia Studio Limited | ₹31,170 (FY 2024) | •••• | •••• | 38863.0% | •••• | Bangalore, Karnataka, India |
| Cibology Private Limited | ₹31,102 (FY 2025) | •••• | •••• | -100.0% | •••• | New Delhi, Delhi, India |
| Magnet Softech Private Limited this company | ₹31,000 (FY 2021) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| Hemani Impex Private Limited | ₹30,950 (FY 2020) | •••• | •••• | -21.0% | •••• | Jaipur, Rajasthan, India |
| Mindmaps Technologies Private Limited | ₹30,750 (FY 2023) | •••• | •••• | -56.0% | •••• | Bangalore, Karnataka, India |
| Digital Juice Animations Private Limited | ₹30,730 (FY 2021) | •••• | •••• | -68.0% | •••• | Bangalore, Karnataka, India |
| Technotips Infotech Private Limited (OPC) | ₹30,585 (FY 2025) | •••• | •••• | -71.0% | •••• | Bhubaneswar, Odisha, India |
| Seedlogix Resources India Private Limited | ₹30,396 (FY 2024) | •••• | •••• | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Magnet Softech by revenue in the Information Technology industry (IT Consulting and Services), 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 Softech Private Limited
Magnet Softech Private Limited is audited by VIRENDRA SURANA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIRENDRA SURANA & CO | 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.
Board of Directors of Magnet Softech Private Limited
Magnet Softech 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 |
|---|---|---|---|---|
| Bindu Agrawal | Director | 16 May 2011 | 15 Years 4 Months | Current |
| Kasturi Agrawal | Director | 11 Dec 2018 | 7 Years 10 Months | Current |
Ownership and Shareholding of Magnet Softech 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 Softech Private Limited
Magnet Softech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Magnet Softech Private Limited
Magnet Softech Private Limited has 2 court cases on record: 2 where it is another party. All cases are pending. Status as checked on 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Company is another party | Pending |
| District court, North Twenty Four Parganas, West Bengal | Court case (TS (Com)) | Company is another party | Pending |
Full case history
All 2 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 Softech Private Limited
Employment history and EPFO contributions of people linked to Magnet Softech.
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 Softech Private Limited
Magnet Softech Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Kasturi Agrawal ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Magnet Softech 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 Softech 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 Softech 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 Softech Private Limited
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 Softech 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 Softech Private Limited
Magnet Softech is an active private limited company based in Kolkata, West Bengal, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 May 2011 (15+ years old) and is registered under CIN U72200WB2011PTC162631.
Magnet Softech reported revenue of ₹31,000 for FY 2021 (down 7% YoY).
Magnet Softech has 2 current directors:
- Bindu Agrawal - Director
- Kasturi Agrawal - Director
Magnet Softech reported a net loss of ₹1,950 (net margin -6.3%) and EBITDA of -₹1,950 (EBITDA margin -6.3%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magnet Softech is 1% over three years and 28% over five years. In the latest year (FY 2021) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Magnet Softech is U72200WB2011PTC162631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Softech has 2 court cases on record. 2 are pending.
Magnet Softech was incorporated on 16 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Magnet Softech by revenue are Itouchpoint Softech Private Limited, Nextbrick Solutions Limited, Bignaz Infotech Private Limited, Multimedia Studio Limited, Cibology Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Kasturi Agrawal ceased to be Additional Director on 30 Sep 2019. Gopi Krishna Agrawal ceased to be Director on 11 Dec 2018. Kasturi Agrawal was appointed as Director on 11 Dec 2018. Magnet Softech has 4 board changes on record in total.
The registered office of Magnet Softech is at Ad – 261 Salt Lake City 2nd Floor, Kolkata, West Bengal, India – 700064.