Magneticcap India Private Limited
About Magneticcap India Private Limited
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Magneticcap India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC143234. Its GSTIN is 29AAOCM2197H1ZW (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10,000. It is led by directors Andy Thang Lu and Nagraj Rao Hari.
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 No.43/3 Room 2 Kanakapura Road Basavanagudi, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.71 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net profit of ₹36.52 Lakh (net margin 6.4%) and EBITDA of ₹53.85 Lakh (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years.
The company has about 14 employees on its provident fund (EPFO) records.
Company details
Contact details
Magneticcap India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.43/3 Room 2 Kanakapura Road Basavanagudi, Bangalore, Karnataka, India – 560004
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Magneticcap 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 Magneticcap India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Magneticcap India Private Limited, buy the company report.
Financials of Magneticcap India Private Limited
FY 2025 filings availableMagneticcap India Private Limited reported revenue of ₹5.71 Cr (down 59% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 59% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 71%. EBITDA fell 55% 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 |
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| EBITDA | ₹53.85 Lakh | |||
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| Net Profit (PAT) | ₹36.52 Lakh | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | ||||
| EBITDA Margin | 9.4% | |||
| Net Profit Margin | 6.4% | |||
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To see the full financial statements and ratios of Magneticcap India Private Limited, buy the company report.
Board of directors of Magneticcap India Private Limited
Magneticcap 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 |
|---|---|---|---|---|
| Andy Thang Lu | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Nagraj Rao Hari | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Magneticcap India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 3D Cad Pytha India (OPC) Private Limited | ₹5.75 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| VT Pharmatek Private Limited | ₹5.72 Cr (FY 2025) | 2.0% | Medak, Telangana, India | |||
| Biglittle Innovations Private Limited | ₹5.71 Cr (FY 2023) | Hyderabad, Telangana, India | ||||
| Brainchip Systems India Private Limited | ₹5.71 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Magneticcap India Private Limitedthis company | ₹5.71 Cr (FY 2024) | ₹36.52 Lakh | 6.4% | -59.0% | 14 | Bangalore, Karnataka, India |
| Incaendo Technologies Private Limited | ₹5.7 Cr (FY 2024) | 7.0% | New Delhi, Delhi, India | |||
| Codiste Private Limited | ₹5.69 Cr (FY 2024) | 27.0% | Ahmedabad, Gujarat, India | |||
| Vijay Soft Solutions Private Limited | ₹5.68 Cr (FY 2025) | 16.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Brainmobi Technologies Private Limited | ₹5.68 Cr (FY 2025) | 10.0% | Noida, Uttar Pradesh, India | |||
| Mapbox Technologies Private Limited | ₹5.68 Cr (FY 2017) | 137.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magneticcap India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magneticcap 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 Magneticcap India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magneticcap India Private Limited has a workforce of 14 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Magneticcap India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM2197H1ZW | Karnataka | Active | 02 May 2021 |
To see the full GST registrations and return filing status of Magneticcap India Private Limited, buy the company report.
Recent activity
Magneticcap India Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Andy Thang Lu ceased to be Additional Director on 31 Dec 2021.
Frequently asked questions
Magneticcap India is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 January 2021 (5+ years old) and is registered under CIN U72900KA2021PTC143234.
Magneticcap India has 2 current directors:
- Andy Thang Lu - Director
- Nagraj Rao Hari - Director
The latest financial statements of Magneticcap India 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 FY 2021 are in the company report.
The GSTIN of Magneticcap India is 29AAOCM2197H1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Magneticcap India is U72900KA2021PTC143234. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magneticcap India was incorporated on 18 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Magneticcap India by revenue are 3D Cad Pytha India (OPC) Private Limited, VT Pharmatek Private Limited, Biglittle Innovations Private Limited, Brainchip Systems India Private Limited, Incaendo Technologies Private Limited and 4 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Andy Thang Lu ceased to be Additional Director on 31 Dec 2021. Nagraj Rao Hari ceased to be Additional Director on 31 Dec 2021. Sannidhi Purushotham ceased to be Director on 23 Mar 2021. Magneticcap India has 6 board changes on record in total.
The registered office of Magneticcap India is at No.433 Room 2 Kanakapura Road Basavanagudi, Bangalore, Karnataka, India – 560004.
Magneticcap India operates in the information technology industry, in the application development and software solutions segment.
Magneticcap India can be reached at its registered office: No.433 Room 2 Kanakapura Road Basavanagudi, Bangalore, Karnataka, India – 560004.
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