MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-KR-03-0020628
Magnifez Technologies Private Limited - information technology in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2022
₹7.88 Lakh
▼ 4% YoY
Net loss · FY 2022
₹7.5 Lakh
Net margin -95.1%
EBITDA · FY 2022
-₹7.4 Lakh
EBITDA margin -93.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Last financials
Mar 2022
Balance sheet date
About Magnifez Technologies Private Limited
Data last updated:
Magnifez Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 17 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC137307.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chakkinga Thodika Firoz and Chakkingal Thodika Jaseena.
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 is at N – 39 2nd Floor Ngef Lane Indiranagar First Stage Binnamangala, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.88 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹7.5 Lakh (net margin -95.1%) and EBITDA of -₹7.4 Lakh (EBITDA margin -93.8%).
Magnifez Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0020628). For more details, the company can be reached via its website magnifez.com.
Company details
CIN U72900KA2020PTC137307
Registration Number 137307
Incorporation Date 17 August 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0020628
Recognitions & Rankings of Magnifez Technologies
Contact details
Magnifez Technologies Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressN – 39 2nd Floor Ngef Lane Indiranagar First Stage Binnamangala, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Other Computer Related Activities
Comprehensive company report
Magnifez Technologies Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Magnifez Technologies is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Magnifez Technologies Private Limited, buy the company report.
Financials of Magnifez Technologies Private Limited
FY 2022 filings availableMagnifez Technologies Private Limited reported revenue of ₹7.88 Lakh (down 4% YoY) for FY 2022.
Revenue · FY 2022
₹7.88 Lakh ▼ 4%
Net loss · FY 2022
₹7.5 Lakh margin -95.1%
EBITDA · FY 2022
-₹7.4 Lakh margin -93.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
EBITDA CAGR growth
1 year
▼ 766%
Revenue fell 4% in the latest year. EBITDA fell 766% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
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| Total Expenses | ||
| EBITDA | -₹7.4 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹7.5 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -93.8% | |
| Net Profit Margin | -95.1% | |
| 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 Magnifez Technologies Private Limited, buy the company report.
Board of directors of Magnifez Technologies Private Limited
Magnifez Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chakkinga Thodika Firoz Also directs: Alphagrowth Business Solutions Private Limited | Director | 17 Aug 2020 | 6 Years 2 Months | Current |
| Chakkingal Thodika Jaseena Also directs: Alphagrowth Business Solutions Private Limited | Director | 17 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Magnifez Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rushbird Consultancy Private Limited | ₹7.91 Lakh (FY 2024) | Panaji, Goa, India | ||||
| Vajra Infratech Private Limited.. | ₹7.91 Lakh (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Dhismart Pulse Services Private Limited | ₹7.89 Lakh (FY 2024) | 38.0% | Hyderabad, Telangana, India | |||
| SKN Holdings Private Limited | ₹7.89 Lakh (FY 2024) | 19952.0% | Secunderabad, Telangana, India | |||
| Green Safe Consultancy Private Limited | ₹7.88 Lakh (FY 2017) | -19.0% | Chennai, Tamil Nadu, India | |||
| Magnifez Technologies Private Limitedthis company | ₹7.88 Lakh (FY 2022) | -₹7.5 Lakh | -95.1% | -4.0% | Bangalore, Karnataka, India | |
| Vivarta Consulting Private Limited | ₹7.88 Lakh (FY 2024) | -42.0% | Sanand, Gujarat, India | |||
| RS Signatoure Solutions Private Limited | ₹7.87 Lakh (FY 2021) | -94.0% | Pune, Maharashtra, India | |||
| Cocky Capital Private Limited | ₹7.87 Lakh (FY 2025) | 217.0% | Delhi, India | |||
| Emercorp Capital Advisors Private Limited | ₹7.87 Lakh (FY 2024) | -63.0% | Mumbai, Maharashtra, India | |||
| Triefin Services Private Limited | ₹7.87 Lakh (FY 2024) | 559.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magnifez Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnifez Technologies 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 Magnifez Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Magnifez Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magnifez Technologies Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Chakkinga Thodika Firoz was appointed as Director on 17 Aug 2020.
AGM
Magnifez Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Magnifez Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Chakkinga Thodika Firoz was appointed as Director.
Appointed
Chakkingal Thodika Jaseena was appointed as Director.
Incorporation
17 Aug 2020
Magnifez Technologies Private Limited was registered on 17 Aug 2020 with Roc Bangalore & aged 6 years 2 months as per MCA records.
Frequently asked questions
Magnifez Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 17 August 2020 (6+ years old) and is registered under CIN U72900KA2020PTC137307.
Magnifez Technologies has 2 current directors:
- Chakkinga Thodika Firoz - Director
- Chakkingal Thodika Jaseena - Director
The latest financial statements of Magnifez Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Magnifez Technologies is U72900KA2020PTC137307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnifez Technologies was incorporated on 17 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Magnifez Technologies by revenue are Rushbird Consultancy Private Limited, Vajra Infratech Private Limited, Dhismart Pulse Services Private Limited, SKN Holdings Private Limited, Green Safe Consultancy Private Limited and 5 more, all in the same principal business activity (management consultancy activities).
Chakkinga Thodika Firoz was appointed as Director on 17 Aug 2020. Chakkingal Thodika Jaseena was appointed as Director on 17 Aug 2020.
Yes, Magnifez Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0020628).
Magnifez Technologies can be reached through the website magnifez.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Magnifez Technologies is at N – 39 2nd Floor Ngef Lane Indiranagar First Stage Binnamangala, Bangalore, Karnataka, India – 560038.
Magnifez Technologies operates in the information technology industry, in the other computer related activities segment.