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About Magnet Wires (Pvt) Ltd.
Data last updated:
Magnet Wires (Pvt) Ltd. is a private limited company based in New Delhi, Delhi, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 08 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31300DL1999PTC101467. Its GSTIN is 07AACCM3321R1Z9 (Delhi).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rosy Sindhwani and Sanjay Sindhwani.
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 Property No A – 94 Mangolpuri Indl. Area Ph – II, New Delhi, Delhi, India – 110083.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.55 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹69.5 Lakh (net margin 8.1%) and EBITDA of ₹1.17 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The company has about 11 employees on its provident fund (EPFO) records.
Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnetwires.co.in.
Company details
Contact details
Magnet Wires (Pvt) Ltd.'s registered office is in New Delhi, Delhi. Its website is magnetwires.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressProperty No A – 94 Mangolpuri Indl. Area Ph – II, New Delhi, Delhi, India – 110083
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Magnet Wires (Pvt) Ltd., 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 Wires (Pvt) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Magnet Wires (Pvt) Ltd., buy the company report.
Financials of Magnet Wires (Pvt) Ltd.
FY 2025 filings availableMagnet Wires (Pvt) Ltd. reported revenue of ₹8.55 Cr (up 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over three years, including 21% growth in the latest year. 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹1.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.5 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.7% | ||||
| Net Profit Margin | 8.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Magnet Wires (Pvt) Ltd., buy the company report.
Board of directors of Magnet Wires (Pvt) Ltd.
Magnet Wires (Pvt) has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rosy Sindhwani | Director | 28 Oct 1999 | 27 Years 0 Months | Current |
| Sanjay Sindhwani Also directs: Synflex - Elektro Private Limited | Director | 28 Oct 1999 | 27 Years 0 Months | Current |
| Akshat Sindhwani | Director | 25 Aug 2023 | 3 Years 2 Months | Current |
Peer comparison
Magnet Wires (Pvt) Ltd. is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Metal & Plastic Private Limited | ₹8.57 Cr (FY 2025) | -15.0% | Ludhiana, Punjab, India | |||
| KDR Forgings Private Limited | ₹8.56 Cr (FY 2025) | -29.0% | New Delhi, Delhi, India | |||
| Magnet Wires (Pvt) Ltd.this company | ₹8.55 Cr (FY 2024) | ₹69.5 Lakh | 8.1% | 21.0% | 11 | New Delhi, Delhi, India |
| Prithvi Metals Private Limited | ₹8.54 Cr (FY 2025) | -2.0% | Belgaum, Karnataka, India | |||
| SSV Cold Forgings Private Limited | ₹8.53 Cr (FY 2025) | -7.0% | Sriperumbudur, Tamil Nadu, India | |||
| Patel Brass Works Private Limited | ₹8.52 Cr (FY 2025) | 28.0% | Rajkot, Gujarat, India | |||
| Multi Form Industries India Private Limited | ₹8.52 Cr (FY 2025) | -68.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magnet Wires (Pvt) Ltd., buy the company report.
Auditor
Magnet Wires (Pvt) Ltd. is audited by PURUSHOTHAMAN BHUTANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PURUSHOTHAMAN BHUTANI & CO. | FY 2023 | 005484N |
Shareholding
The shareholding of Magnet Wires (Pvt) Ltd. is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnet Wires (Pvt) Ltd., buy the company report.
Legal cases
Magnet Wires (Pvt) Ltd. has 8 court cases on record: 2 filed by Magnet Wires (Pvt), 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by M/S. Elmag Wires Ltd. and Another and 1 other | Disposed |
| High Court | Writ petition | Filed against the company by M/S.Solvar Wires Pvt.Ltd | Disposed |
| District court, Faridabad, Haryana | Court case (C A) | Filed against the company by Western Engineering Industries Pvt. Ltd. | Disposed |
| District court, Faridabad, Haryana | Court case (C M A) | Filed against the company by Western Engineering Industries Pvt. Ltd. | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed by the company against Western Engineering Ind Pvt Ltd | Disposed |
To see the full case history of Magnet Wires (Pvt) Ltd., buy the company report.
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.
MSME payment delays
Magnet Wires (Pvt) Ltd. has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Advance Enterprises |
To see the full MSME payment records of Magnet Wires (Pvt) Ltd., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Magnet Wires (Pvt) Ltd. has a workforce of 11 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
GST
Magnet Wires (Pvt) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCM3321R1Z9 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magnet Wires (Pvt) Ltd., buy the company report.
Recent activity
Magnet Wires (Pvt) Ltd. has 3 board changes on record since 1999: 3 appointments. The latest: Akshat Sindhwani was appointed as Director on 25 Aug 2023.
Frequently asked questions
Magnet Wires (Pvt) is an active private limited company based in New Delhi, Delhi, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 08 September 1999 (27+ years old) and is registered under CIN U31300DL1999PTC101467.
Magnet Wires (Pvt) has 3 current directors:
- Rosy Sindhwani - Director
- Sanjay Sindhwani - Director
- Akshat Sindhwani - Director
The latest financial statements of Magnet Wires (Pvt) 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.
The GSTIN of Magnet Wires (Pvt) is 07AACCM3321R1Z9, registered in Delhi.
The CIN (Corporate Identification Number) of Magnet Wires (Pvt) is U31300DL1999PTC101467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Wires (Pvt) has 8 court cases on record: 2 filed by the company and 6 filed against it. Most are in the district courts.
Magnet Wires (Pvt) was incorporated on 08 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Magnet Wires (Pvt) by revenue are Metal & Plastic Private Limited, KDR Forgings Private Limited, Prithvi Metals Private Limited, SSV Cold Forgings Private Limited, Patel Brass Works Private Limited and 1 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Akshat Sindhwani was appointed as Director on 25 Aug 2023. Rosy Sindhwani was appointed as Director on 28 Oct 1999. Sanjay Sindhwani was appointed as Director on 28 Oct 1999.
Magnet Wires (Pvt) has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Magnet Wires (Pvt) can be reached through the website magnetwires.co.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Magnet Wires (Pvt) is at Property No A – 94 Mangolpuri Indl. Area Ph – II, New Delhi, Delhi, India – 110083.
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