Magneto (India) Private Limited
About Magneto (India) Private Limited
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Magneto (India) Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 30 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL1995PTC070390. Its GSTIN is 07AAACM6706E1ZR (Delhi).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors Shallu Uppal and Abhishek Uppal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 8 Engineers Enclave Pitampura, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.3 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.82 Lakh (net margin 1.4%) and EBITDA of ₹2.6 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 3% over five years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Magneto (India) Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address8 Engineers Enclave Pitampura, New Delhi, Delhi, India – 110034
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Magneto (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 Magneto (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Magneto (India) Private Limited, buy the company report.
Financials of Magneto (India) Private Limited
FY 2023 filings availableMagneto (India) Private Limited reported revenue of ₹1.3 Cr (down 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 12% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹2.6 Lakh | ||||
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| Net Profit (PAT) | ₹1.82 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 2% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Magneto (India) Private Limited, buy the company report.
Board of directors of Magneto (India) Private Limited
Magneto (India) 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 |
|---|---|---|---|---|
| Shallu Uppal | Director | 08 Jun 2019 | 7 Years 4 Months | Current |
| Abhishek Uppal | Director | 15 Jan 2003 | 23 Years 9 Months | Current |
Peer comparison
Magneto (India) Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arv Instruments Private Limited | ₹1.31 Cr (FY 2024) | 6.0% | Delhi, India | |||
| Magneto (India) Private Limitedthis company | ₹1.3 Cr (FY 2023) | ₹1.82 Lakh | 1.4% | -10.0% | New Delhi, Delhi, India | |
| Fonetel India Private Limited | ₹1.3 Cr (FY 2022) | 21.0% | Charkhi Dadri, Haryana, India | |||
| Voltronics Engitech Private Limited | ₹1.3 Cr (FY 2024) | -58.0% | Ankleshwar, Gujarat, India | |||
| Auxible India Private Limited | ₹1.3 Cr (FY 2025) | -55.0% | New Delhi, Delhi, India |
To see the full peer comparison of Magneto (India) Private Limited, buy the company report.
Auditor
Magneto (India) Private Limited is audited by V P G S & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V P G S & CO | FY 2017 | 507971C |
Shareholding
The shareholding of Magneto (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magneto (India) Private Limited, buy the company report.
Legal cases
Magneto (India) Private Limited has 1 court case on record: 1 filed by Magneto (India). All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North, Delhi | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Magneto (India) Private Limited, 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
No delayed payments to MSME suppliers are on our record for Magneto (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magneto (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACM6706E1ZR | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magneto (India) Private Limited, buy the company report.
Recent activity
Magneto (India) Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Shallu Uppal was appointed as Director on 08 Jun 2019.
Frequently asked questions
Magneto (India) is an active private limited company based in New Delhi, Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 30 June 1995 (31+ years old) and is registered under CIN U51909DL1995PTC070390.
Magneto (India) has 2 current directors:
- Shallu Uppal - Director
- Abhishek Uppal - Director
The latest financial statements of Magneto (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Magneto (India) is 07AAACM6706E1ZR, registered in Delhi.
The CIN (Corporate Identification Number) of Magneto (India) is U51909DL1995PTC070390. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magneto (India) has 1 court case on record: 1 filed by the company. 1 is pending.
Magneto (India) was incorporated on 30 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Magneto (India) by revenue are Arv Instruments Private Limited, Fonetel India Private Limited, Voltronics Engitech Private Limited, Auxible India Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Shallu Uppal was appointed as Director on 08 Jun 2019. Suresh Uppal ceased to be Managing Director on 08 Jun 2019. Nitin Uppal ceased to be Director on 22 Mar 2017. Magneto (India) has 4 board changes on record in total.
The registered office of Magneto (India) is at 8 Engineers Enclave Pitampura, New Delhi, Delhi, India – 110034.
Magneto (India) operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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