Magnitek Control Solutions Private Limited
About Magnitek Control Solutions Private Limited
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Magnitek Control Solutions Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the technical services segment of the professional services sector. It was incorporated on 22 January 2016.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC158089. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.5 Lakh and a paid-up capital of ₹1.5 Lakh. It was formerly known as Magnitek Home Automation Solutions Private Limited. It was led by directors Amol Vijay Patil and Vivek Vijay Pal Singh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Nrd – 2 Flat No. 1908 19th Floor Lalit D Nanded City Vadgaon Budruk, Pune, Maharashtra, India – 411041.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.1 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹2.47 Lakh (net margin 2.2%) and EBITDA of ₹3.7 Lakh (EBITDA margin 3.4%).
The company had about 8 employees on its provident fund (EPFO) records before it was struck off.
Company details
Contact details
Magnitek Control Solutions Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNrd – 2 Flat No. 1908 19th Floor Lalit D Nanded City Vadgaon Budruk, Pune, Maharashtra, India – 411041
- IndustryProfessional Services, Technical, Personal, Scientific
To see the full contact details of Magnitek Control Solutions 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 Magnitek Control Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Magnitek Control Solutions Private Limited, buy the company report.
Financials of Magnitek Control Solutions Private Limited
FY 2019 filings availableMagnitek Control Solutions Private Limited reported revenue of ₹1.1 Cr (down 56% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 56% in the latest year. EBITDA rose 182% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹3.7 Lakh | |||
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| Net Profit (PAT) | ₹2.47 Lakh | |||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | ||||
| EBITDA Margin | 3.4% | |||
| Net Profit Margin | 2.2% | |||
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To see the full financial statements and ratios of Magnitek Control Solutions Private Limited, buy the company report.
Board of directors of Magnitek Control Solutions Private Limited
Magnitek Control Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amol Vijay Patil Also directs: S4a Power Solutions Private Limited | Director | 06 Apr 2017 | 9 Years 6 Months | As last reported |
| Vivek Vijay Pal Singh | Director | 22 Jan 2016 | 10 Years 9 Months | As last reported |
Peer comparison
Magnitek Control Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Recruitassure Ventures Private Limited | ₹1.1 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Manan Solutions Private Limited | ₹1.1 Cr (FY 2025) | 31.0% | Bangalore, Karnataka, India | |||
| Ukb IT Solutions Private Limited | ₹1.1 Cr (FY 2024) | -70.0% | Hyderabad, Telangana, India | |||
| Edex Edutech Private Limited | ₹1.1 Cr (FY 2024) | 170.0% | Ernakulam, Kerala, India | |||
| Tech-Receptives Solutions Private Limited | ₹1.1 Cr (FY 2021) | 48.0% | Ahmedabad, Gujarat, India | |||
| Magnitek Control Solutions Private Limitedthis company | ₹1.1 Cr (FY 2019) | ₹2.47 Lakh | 2.2% | -56.0% | 8 | Pune, Maharashtra, India |
| Coursenator Private Limited | ₹1.1 Cr (FY 2025) | 30.0% | Delhi, India | |||
| Laser Associates Private Limited | ₹1.1 Cr (FY 2025) | -13.0% | Mumbai, Maharashtra, India | |||
| PNH Consulting Private Limited | ₹1.1 Cr (FY 2025) | 6.0% | Surat, Gujarat, India | |||
| Beagle Cyber Innovations Private Limited | ₹1.1 Cr (FY 2023) | 22.0% | Thiruvananthapuram, Kerala, India | |||
| Tranqvolt Robotics & Automation Private Limited | ₹1.1 Cr (FY 2021) | 45.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Magnitek Control Solutions Private Limited, buy the company report.
Auditor
Magnitek Control Solutions Private Limited is audited by Ashwin Kapoor and Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashwin Kapoor and Associates | FY 2017 | 128672W |
Shareholding
The shareholding of Magnitek Control Solutions Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Magnitek Control Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnitek Control Solutions 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 Magnitek Control Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnitek Control Solutions Private Limited has a workforce of 8 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Magnitek Control Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magnitek Control Solutions Private Limited, buy the company report.
Recent activity
Magnitek Control Solutions Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Vanitha Sarvapriya Ratadiya ceased to be Director on 10 Apr 2017.
Frequently asked questions
Magnitek Control Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Magnitek Control Solutions was a private limited company based in Pune, Maharashtra, India. The company worked in technical, within the professional services industry. It was incorporated on 22 January 2016 and is registered under CIN U74999PN2016PTC158089. The company has been struck off by the Registrar of Companies and is no longer operational.
Magnitek Control Solutions had 2 directors:
- Amol Vijay Patil - Director
- Vivek Vijay Pal Singh - Director
The CIN (Corporate Identification Number) of Magnitek Control Solutions is U74999PN2016PTC158089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magnitek Control Solutions is at Nrd – 2 Flat No. 1908 19th Floor Lalit D Nanded City Vadgaon Budruk, Pune, Maharashtra, India – 411041.
Magnitek Control Solutions was incorporated on 22 January 2016. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Magnitek Control Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
No. Magnitek Control Solutions has 1 GST registration on record and it is cancelled or inactive.
Magnitek Control Solutions operated in the professional services industry, in the technical segment. It worked in this industry before it was struck off.
The peers of Magnitek Control Solutions by revenue are Recruitassure Ventures Private Limited, Manan Solutions Private Limited, Ukb IT Solutions Private Limited, Edex Edutech Private Limited, Tech-Receptives Solutions Private Limited and 5 more, all in the same principal business activity (other professional, scientific and technical activities).
Vanitha Sarvapriya Ratadiya ceased to be Director on 10 Apr 2017. Amol Vijay Patil was appointed as Director on 06 Apr 2017. Vivek Vijay Pal Singh was appointed as Director on 22 Jan 2016.