About Magnizent Technologies Private Limited
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Magnizent Technologies Private Limited was a private limited company based in Hyderabad, Telangana, 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 computer and IT-related services segment of the technology and IT services sector. It was incorporated on 06 June 2017.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2017PTC117606. Its GSTIN is 36AAPCA6661B1ZN (Telangana).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Magnizent Software Private Limited and Vmr Infotech Private Limited. It was led by directors Bomella Venkat Reddy and Bommalla Mallika.
Its last annual general meeting (AGM) was held on 25 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at # 8 – 3 – 228/1280/450 Jawahar Nagar Yousufguda, Hyderabad, Telangana, India – 500045.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.4 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹20,119 (net margin -14.4%) and EBITDA of -₹10,119 (EBITDA margin -7.2%).
The last known website on record is magnizent.com.
Company details
Name history
Magnizent Technologies has undergone 10 name changes throughout its history. The current legal name is Magnizent Technologies Private Limited.
| Company Name | Status |
|---|---|
| Magnizent Technologies Private Limited | Current |
| Magnizent Software Private Limited | Previous |
| Vmr Infotech Private Limited | Previous |
| Accentura It Services Private Limited | Previous |
| Benabits Solutions Private Limited | Previous |
| Megantis Infotech Private Limited | Previous |
| Megantis Software Private Limited | Previous |
| Kenizon Solutions Private Limited | Previous |
| Macsen Technologies Private Limited | Previous |
| Megantis Solutions Private Limited | Previous |
Contact details
Magnizent Technologies Private Limited's registered office is in Hyderabad, Telangana. Its website is magnizent.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address# 8 – 3 – 228/1280/450 Jawahar Nagar Yousufguda, Hyderabad, Telangana, India – 500045
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Magnizent Technologies 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
Financials of Magnizent Technologies Private Limited
FY 2023 filings availableMagnizent Technologies Private Limited reported revenue of ₹1.4 Lakh (down 1% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.4 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹10,119 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹20,119 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -7.2% | |||
| Net Profit Margin | -14.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Magnizent Technologies Private Limited, buy the company report.
Board of directors of Magnizent Technologies Private Limited
Magnizent Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bomella Venkat Reddy | Director | 06 Jun 2017 | 9 Years 4 Months | As last reported |
| Bommalla Mallika | Director | 06 Jun 2017 | 9 Years 4 Months | As last reported |
Legal cases
No court or tribunal cases involving Magnizent 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 Magnizent Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnizent Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAPCA6661B1ZN | Telangana | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of Magnizent Technologies Private Limited, buy the company report.
Recent activity
Magnizent Technologies Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Bomella Venkat Reddy was appointed as Director on 06 Jun 2017.
Frequently asked questions
Magnizent Technologies 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.
Magnizent Technologies was a private limited company based in Hyderabad, Telangana, India. The company worked in other computer related activities, within the information technology industry. It was incorporated on 06 June 2017 and is registered under CIN U72900TG2017PTC117606. The company has been struck off by the Registrar of Companies and is no longer operational.
Magnizent Technologies had 2 directors:
- Bomella Venkat Reddy - Director
- Bommalla Mallika - Director
The CIN (Corporate Identification Number) of Magnizent Technologies is U72900TG2017PTC117606. 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 Magnizent Technologies is at # 8 – 3 – 2281280450 Jawahar Nagar Yousufguda, Hyderabad, Telangana, India – 500045.
Magnizent Technologies was incorporated on 06 June 2017. It is registered with the Registrar of Companies, Hyderabad.
Magnizent Technologies can be reached through the website magnizent.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Magnizent Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 August 2023. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Magnizent Technologies is 36AAPCA6661B1ZN, registered in Telangana.
Magnizent Technologies operated in the information technology industry, in the other computer related activities segment. It worked in this industry before it was struck off.