About MAG Solvics
MAG Solvics is a Technology company based in India founded in 1991. Testing solutions and online monitoring for the textile industry in India. The company has 126 employees. Its Indian entity Mag Solvics Private Limited reported revenue of ₹30.87 Cr. MAG Solvics offers products and services including Fibre Testing and Yarn Testing. Its focus areas include Manufacturing, Textile Manufacturing, Testing Instruments and Quality Control Solutions.
Company details
MAG Solvics is known for delivering comprehensive testing solutions and online monitoring systems across textile segments. Founded in 1991, it has supplied over 9,000 instruments to more than 300 customers, focusing on innovative and industry-aligned products. A strong sales network supported by qualified experts ensures round-the-clock assistance, while adherence to ISO 9001:2015 standards maintains precision in quality testing. The companys offerings are adapted to technological advancements in the field.
- Headquarters India
- Employees 126
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website magsolvics.com
- Social LinkedIn Facebook YouTube
- Legal Name Mag Solvics Private Limited
- Date of Incorporation 11 Jul, 2005
- Jurisdiction Solavampalayam Post, Tamil Nadu, India
- Annual Revenue₹30.87 Cr
FY 2024 · +10% YoY
- Net Profit₹20.7 Lakh
FY 2024 · 1% margin
- EBITDA₹1.69 Cr
FY 2024 · 5% margin
- Employee Count126
Associated legal entities of MAG Solvics
MAG Solvics operates through Mag Solvics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mag Solvics Private Limited CIN U29261TZ2005PTC011986 | Active | 11 Jul 2005 | Solavampalayam Post, Tamil Nadu | ₹30.9 Cr | 126 | 3 | View details |
Products & Services of MAG Solvics
MAG Solvics offers a comprehensive portfolio of products and services, including Fibre Testing and Yarn Testing.
Fibre testing is performed using specialized instruments to assess quality parameters in the textile industry
Yarn testing is conducted to evaluate properties such as strength and moisture, supporting quality control in textile processes
Apps and channels of MAG Solvics
its YouTube channel MAG Solvics has 247 subscribers and 30 videos.
Videos from MAG Solvics
The most watched videos on MAG Solvics's YouTube channel, MAG Solvics (247 subscribers). Click a video to play it here.
More on MAG Solvics.
Board of directors of Mag Solvics Private Limited (MAG Solvics)
Mag Solvics Private Limited is the primary company behind MAG Solvics. The board of Mag Solvics Private Limited currently have 3 directors; the longest-serving is Rangaswamy Manikandamurthy, appointed in 2005. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rangaswamy Manikandamurthy DIN 00805580 | Whole-time director | 11 Jul 2005 | 21 yrs 3 mo | Mag Solvics Private Limited |
| Gangadharan Mani DIN 01893675 | Whole-time director | 30 Nov 2007 | 18 yrs 11 mo | Mag Solvics Private Limited |
| Chidambaram Dhandayuthapani DIN 06966326 | Managing Director | 01 Apr 2015 | 11 yrs 7 mo | Mag Solvics Private Limited |
Financials of MAG Solvics
Figures of Mag Solvics Private Limited, the primary company behind MAG Solvics, for FY 2024. Revenue was ₹30.87 Cr (+10% year on year). Net profit was ₹20.7 Lakh (1% margin). EBITDA was ₹1.69 Cr (5% margin). Revenue has grown at a compounded annual rate of +25% over three years and +11% over five years.
- ₹30.87 CrRevenue · FY 2024 · +10% YoY
- ₹20.7 LakhNet profit · 1% margin
- ₹1.69 CrEBITDA · 5% margin
- ₹3.34 CrPaid-up capital
- 126Employees (provident fund records)
- +25%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mag Solvics Private Limited are on its company page.
Detailed financial statements for MAG Solvics
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Frequently Asked Questions about MAG Solvics
MAG Solvics was founded in 1991.
MAG Solvics is headquartered in India.
MAG Solvics has 126 employees.
The primary company behind MAG Solvics, Mag Solvics Private Limited, reported revenue of ₹30.87 Cr for FY 2024, up 10% year on year.
MAG Solvics is known for delivering comprehensive testing solutions and online monitoring systems across textile segments. Founded in 1991, it has supplied over 9,000 instruments to more than 300 customers, focusing on innovative and industry-aligned products. A strong sales network supported by qualified experts ensures round-the-clock assistance, while adherence to ISO 9001:2015 standards maintains precision in quality testing. The companys offerings are adapted to technological advancements in the field.
MAG Solvics offers Fibre Testing and Yarn Testing.
MAG Solvics operates through Mag Solvics Private Limited.
The legal entities of MAG Solvics currently have 3 directors, including Chidambaram Dhandayuthapani, Rangaswamy Manikandamurthy, Gangadharan Mani.