About Magenta IT Solutions
Magenta IT Solutions is a Technology company based in Bengaluru (India) founded in 2012. A technology consulting firm providing website design, digital marketing, SEO, and cloud hosting to businesses. It operates on a B2B model. Its Indian entity Magenta It Solutions Private Limited reported revenue of ₹8.1 Lakh. Its focus areas include Information Technology, Consulting, Digital Solutions and Web and Marketing Services. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Magenta IT Solutions operates with a B2B model, focusing on information technology, offering consulting services, offering digital marketing tools, and web and marketing services. A technology consulting firm providing website design, digital marketing, SEO, and cloud hosting to businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- Employees 1
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website magentait.com
- Social Facebook Instagram
- Legal Name Magenta It Solutions Private Limited
- Date of Incorporation 24 Dec, 2021
- Jurisdiction Dharwad, Karnataka, India
- Annual Revenue₹8.1 Lakh
FY 2024 · +17% YoY
- Net Loss-₹89,029
FY 2024 · -11% margin
- EBITDA-₹89,029
FY 2024 · -11% margin
- Employee Count1
Associated legal entities of Magenta IT Solutions
Magenta IT Solutions operates through Magenta It Solutions 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 |
|---|---|---|---|---|---|---|---|
| Magenta It Solutions Private Limited CIN U72900KA2021PTC155972 | Active | 24 Dec 2021 | Dharwad, Karnataka | ₹0.1 Cr | 2 | View details |
Board of directors of Magenta It Solutions Private Limited (Magenta IT Solutions)
Magenta It Solutions Private Limited is the primary company behind Magenta IT Solutions. The board of Magenta It Solutions Private Limited currently have 2 directors; the longest-serving is Riyaz Ahammed Mohammad Gouse Adhoni, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Riyaz Ahammed Mohammad Gouse Adhoni DIN 09447987 | Director | 24 Dec 2021 | 4 yrs 10 mo | Magenta It Solutions Private Limited |
| Musarrath Adhoni DIN 09447988 | Director | 24 Dec 2021 | 4 yrs 10 mo | Magenta It Solutions Private Limited |
Financials of Magenta IT Solutions
Figures of Magenta It Solutions Private Limited, the primary company behind Magenta IT Solutions, for FY 2024. Revenue was ₹8.1 Lakh (+17% year on year). Net loss was -₹89,029 (-11% margin). EBITDA was -₹89,029 (-11% margin).
- ₹8.1 LakhRevenue · FY 2024 · +17% YoY
- -₹89,029Net loss · -11% margin
- -₹89,029EBITDA · -11% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Magenta It Solutions Private Limited are on its company page.
Detailed financial statements for Magenta IT Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Magenta IT Solutions
Magenta IT Solutions has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Magenta IT Solutions
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Magenta IT Solutions
The website of Magenta IT Solutions (magentait.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 87.6% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Magenta IT Solutions
Magenta IT Solutions was founded in 2012.
Magenta IT Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Magenta IT Solutions has 1 employees.
The primary company behind Magenta IT Solutions, Magenta It Solutions Private Limited, reported revenue of ₹8.1 Lakh for FY 2024, up 17% year on year.
Magenta IT Solutions operates with a B2B model, focusing on information technology, offering consulting services, offering digital marketing tools, and web and marketing services. A technology consulting firm providing website design, digital marketing, SEO, and cloud hosting to businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Magenta IT Solutions's top competitors include Happiest Minds and Datamatics.
Magenta IT Solutions operates through Magenta It Solutions Private Limited.
The legal entities of Magenta IT Solutions currently have 2 directors, including Riyaz Ahammed Mohammad Gouse Adhoni, Musarrath Adhoni.