Magnusminds IT Solution LLP
About Magnusminds IT Solution LLP
Data last updated:
Magnusminds IT Solution LLP is a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 June 2019 and has been in existence for over 7 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAP-6175. Its GSTIN is 24ABLFM8681R1Z7 (Gujarat).
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Hiral Tejashkumar Shah and Tejas Nitinbhai Shah.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2021, the LLP reported a revenue of ₹2.79 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.98 Lakh (net margin 2.9%) and EBITDA of ₹11.88 Lakh (EBITDA margin 4.3%).
The LLP has about 11 employees on its provident fund (EPFO) records.
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- Registered Address503 Mauryansh Elanza Nr Parekh'S Hospital Shyamal Cross Rd, Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Financials of Magnusminds IT Solution LLP FY 2025 filings available
Magnusminds IT Solution LLP reported revenue of ₹2.79 Cr (up 247% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Magnusminds IT Solution LLP
Revenue rose 247% in the latest year. EBITDA rose 63% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Magnusminds IT Solution LLP
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Income and Expenditure | ||
| Turnover | •••• | •••• |
| Other Income | •••• | •••• |
| Total Income | ₹2.79 Cr | •••• |
| Purchases and Direct Costs | •••• | •••• |
| Personnel Expenses | •••• | •••• |
| Administrative Expenses | •••• | •••• |
| Interest | •••• | •••• |
| Depreciation | •••• | •••• |
| Total Expenses | •••• | •••• |
| Profit Before Tax | •••• | •••• |
| Tax | •••• | •••• |
| Profit After Tax | ₹7.98 Lakh | •••• |
| Profit Transferred to Partners | •••• | •••• |
| Assets and Liabilities | ||
| Partners' Contribution | •••• | •••• |
| Reserves and Surplus | •••• | •••• |
| Secured Loans | •••• | •••• |
| Unsecured Loans | •••• | •••• |
| Trade Payables | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• |
| Total Liabilities | •••• | •••• |
| Fixed Assets | •••• | •••• |
| Investments | •••• | •••• |
| Loans and Advances | •••• | •••• |
| Inventories | •••• | •••• |
| Trade Receivables | •••• | •••• |
| Cash and Bank Balance | •••• | •••• |
| Total Assets | •••• | •••• |
Financial Ratios of Magnusminds IT Solution LLP
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profitability | ||
| Net Profit Margin | 2.9% | •••• |
| Return on Partners' Funds | •••• | •••• |
| Return on Assets | •••• | •••• |
| Liquidity and Debt | ||
| Current Ratio | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• |
| Interest Coverage | •••• | •••• |
| Efficiency and Growth | ||
| Asset Turnover | •••• | •••• |
| Receivable Days | •••• | •••• |
| Turnover Growth | •••• | •••• |
| Profit Growth | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Magnusminds IT Solution are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Magnusminds IT Solution LLP
Magnusminds IT Solution has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiral Tejashkumar Shah | Designated Partner | 30 Jan 2024 | 2 Years 8 Months | Current |
| Tejas Nitinbhai Shah | Designated Partner | 13 Jun 2019 | 7 Years 3 Months | Current |
Ownership and Shareholding of Magnusminds IT Solution LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magnusminds IT Solution LLP
Magnusminds IT Solution LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magnusminds IT Solution LLP
Magnusminds IT Solution LLP has a workforce of 11 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Magnusminds IT Solution LLP
Magnusminds IT Solution LLP has 4 designated partner changes on record since 2019: 3 appointments and 1 cessation. The latest: Hiral Tejashkumar Shah was appointed as Designated Partner on 30 Jan 2024.
Credit Ratings, Litigation & Regulatory Alerts for Magnusminds IT Solution LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magnusminds IT Solution LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magnusminds IT Solution LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magnusminds IT Solution LLP
Magnusminds IT Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABLFM8681R1Z7 | Gujarat | Active | 11 Nov 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magnusminds IT Solution LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magnusminds IT Solution LLP
Magnusminds IT Solution is an active limited liability partnership based in Ahmedabad, Gujarat, India. The LLP works in IT consulting and support services, within the information technology industry. It was incorporated on 13 June 2019 (7+ years old) and is registered under LLPIN AAP-6175.
Magnusminds IT Solution reported revenue of ₹2.79 Cr for FY 2021 (up 247% YoY).
Magnusminds IT Solution has 2 current designated partners:
- Hiral Tejashkumar Shah - Designated Partner
- Tejas Nitinbhai Shah - Designated Partner
Magnusminds IT Solution reported a net profit of ₹7.98 Lakh (net margin 2.9%) and EBITDA of ₹11.88 Lakh (EBITDA margin 4.3%) for FY 2021, as per its filed financial statements.
The GSTIN of Magnusminds IT Solution is 24ABLFM8681R1Z7, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Magnusminds IT Solution is AAP-6175. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Magnusminds IT Solution was incorporated on 13 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hiral Tejashkumar Shah was appointed as Designated Partner on 30 Jan 2024. Jyoti Nitinbhai Shah ceased to be Designated Partner on 30 Jan 2024. Jyoti Nitinbhai Shah was appointed as Designated Partner on 13 Jun 2019. Magnusminds IT Solution has 4 designated partner changes on record in total.
The registered office of Magnusminds IT Solution is at 503 Mauryansh Elanza Nr ParekhS Hospital Shyamal Cross Rd, Satellite, Ahmedabad, Gujarat, India – 380015.
The total obligation of contribution is ₹1 Lakh.