About Magicrete
Magicrete is a Real Estate & Construction company based in Surat (India) founded in 2008 by Sidharth Bimal Bansal, Sourabh Bansal, and Puneet Mittal. AAC blocks, construction chemicals, and precast solutions are manufactured. Magicrete has raised $18.13 million across 7 funding rounds from investors including India SME Investments, Niveshaay Hedgehogs and Pritul Jain. Magicrete has completed 1 acquisition, including Maxlite. Magicrete was last valued at $74.44 million in February 2023. Its website magicrete.in draws about 17 thousand monthly visits. Its focus areas include Real Estate and Construction, Building Materials, Construction Materials and Diversified. Its competitors include JK Cement, Prism Johnson and HIL.
Company details
Magicrete was established in 2008 in Surat, India, within the construction materials sector. Operations focus on producing AAC blocks, wall panels, and precast elements, alongside construction chemicals like dry mix mortars, tile adhesives, grouts, cleaners, waterproofing solutions, block jointing mortars, ready mix plasters, gypsum plasters, and wall putty. These products support building and infrastructure needs across the region.
- Total Equity Funding$18.13M (USD)
in 7 rounds
- Latest Funding Round$8.06M (USD), Seed
Feb 2023
- InvestorsIndia SME Investments
& 36 more
- Investments & Acquisitions
Associated legal entities of Magicrete
Magicrete is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sgc Magicrete Llp CIN AAQ-7260 | Active | 04 Oct 2019 | Mumbai, Maharashtra | ₹51.4 Cr | 2 | 2 | View details |
| Magicrete Chemical Industries Private Limited CIN U26990GJ2022PTC131371 | Active | 25 Apr 2022 | Surat, Gujarat | ₹0.1 Cr | 17 | 2 | View details |
| Magicrete Construction Technologies Private Limited CIN U45500MH2016PTC282080 | Strike Off | 06 Jun 2016 | Mumbai, Maharashtra | 4 | View details | ||
| Magicrete Building Solutions Private Limited CIN U26931MH2008PTC243333 | Active | 24 Apr 2008 | Mumbai, Maharashtra | ₹393 Cr | 361 | 5 | View details |
Apps and channels of Magicrete
Magicrete publishes 1 mobile app; its YouTube channel Magicrete Building Solutions Pvt. Ltd. has 5.78K subscribers and 30 videos.
Videos from Magicrete
The most watched videos on Magicrete's YouTube channel, Magicrete Building Solutions Pvt. Ltd. (5.78K subscribers). Click a video to play it here.
Funding Insights of Magicrete
Magicrete has successfully raised a total of $18.13M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $8.06 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $18.13M
- Total Rounds 7
- Last Round Seed — $8.06M
- First Round $1.01M
(Mar 2010)
- Investors Count 37
All 7 funding rounds of Magicrete with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $8.06M | Seed | $74.44M | India SME Investments | |
| Jan 2023 | $306,120 | Angel Round | $6.47M | – | |
| Jun 2017 | $388,363 | Angel Round | $••••• | Rajesh Poddar | |
| Mar 2017 | $385,185 | Private Equity Round | $••••• | – | |
| Mar 2013 | $6.5M | Private Equity Round | $••••• | – | |
| Oct 2011 | $1.48M | Seed | $••••• | Sneha Residency | |
| Mar 2010 | $1.01M | Seed | $••••• | Build Con Finance |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $74.44M | •••••••• |
| Jan 2023 | $6.47M | •••••••• |
| Jun 2017 | $••••• | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Mar 2013 | $••••• | •••••••• |
| Oct 2011 | $••••• | •••••••• |
| Mar 2010 | $••••• | •••••••• |
Full valuation and stage history of Magicrete
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $74.44M (Feb 2023). 37 investors in total: 22 institutional and 15 angel.
Investors in Magicrete
Magicrete has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India SME Investments, Niveshaay Hedgehogs and Pritul Jain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on multiple sectors | 2019 | indiasmeinvestments.com | Mumbai, India | |
Motilal Oswal Alternates is engaged in alternative investment management. | motilaloswalalt.com | Mumbai, India | ||
Private equity investments are directed toward multiple sectors. | Kolkata, India | |||
Private equity firm focused on multiple sectors | Kolkata, India | |||
Multiple sectors are invested in by this private equity firm. | Kolkata, India | |||
Fabricated metal products are manufactured in Kolkata, India. | Kolkata, India | |||
Investor details for Magicrete
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Magicrete
The boards of the 4 registered companies of Magicrete currently have 6 directors; the longest-serving is Sunilkumar Nandlal Roongta, appointed in 2008. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunilkumar Nandlal Roongta DIN 00878807 | Director | 05 May 2008 | 18 yrs 6 mo | Magicrete Building Solutions Private Limited |
| Siddharth Bimal Bansal DIN 01553023 | Director | 06 Jun 2016 | 10 yrs 5 mo | Magicrete Construction Technologies Private Limited, Magicrete Building Solutions Private Limited |
| Prakash Bagla DIN 03043874 | Director | 06 Jun 2016 | 10 yrs 5 mo | Magicrete Construction Technologies Private Limited, Magicrete Building Solutions Private Limited |
| Mukeshkumar Premchand Lalwani DIN 08579431 | Designated Partner | 04 Oct 2019 | 7 yrs 1 mo | Sgc Magicrete Llp |
| Puneet Vinod Mittal DIN 05353138 | Designated Partner | 07 Apr 2021 | 5 yrs 7 mo | Sgc Magicrete Llp, Magicrete Chemical Industries Private Limited, Magicrete Construction Technologies Private Limited, Magicrete Building Solutions Private Limited |
| Sourabh Bimalkumar Bansal DIN 00527233 | Director | 25 Apr 2022 | 4 yrs 6 mo | Magicrete Chemical Industries Private Limited, Magicrete Construction Technologies Private Limited, Magicrete Building Solutions Private Limited |
People of Magicrete
19 people are tracked at Magicrete (13 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Sidharth Bimal Bansal | Co-Founder | Leadership |
| Co-Founder & Managing Director | Leadership | |
| Co-Founder | Leadership | |
Mehul Bagadia | VP -finance & Accounts | Leadership |
Birju Thakkar | VP -sales & Marketing | Leadership |
Madhusmita Senapati | Assistant General Manager | Leadership |
Momin Husenmahmad | Assistant General Manager EHS | Leadership |
Tushar Dutta | Deputy General Manager | Leadership |
Siddharth Sharma | COO | Leadership |
Ashok Chaudhary | Assistant General Manager Operations | Leadership |
Kishan Mehrotra | President - Sales & Marketing | Leadership |
Anish Pappu | Deputy General Manager Of Sales & Marketing | Leadership |
Hemant Kumar | Deputy General Manager Operations | Leadership |
Pradeep Mohapatra | AVP - Operations | Team |
Vijay Sharma | Sr. Executive | Team |
Mitesh Somani | AVP IT | Team |
Malav Mehta | Sr. Marketing Manager | Team |
Jitendra Patil | Genral Manager | Team |
Jinisha Mehta | Lead Generation Specialist | Team |
Complete people profiles for Magicrete
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Magicrete
Figures of Sgc Magicrete Llp, the primary company behind Magicrete, for FY 2023. Revenue was ₹51.45 Cr (+278% year on year). Net profit was ₹1.54 Cr (3% margin). EBITDA was ₹6.93 Cr (13% margin). Revenue has grown at a compounded annual rate of +636% over three years.
- ₹51.45 CrRevenue · FY 2023 · +278% YoY
- ₹1.54 CrNet profit · 3% margin
- ₹6.93 CrEBITDA · 13% margin
- 2Employees (provident fund records)
- +636%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Sgc Magicrete Llp are on its company page.
Detailed financial statements for Magicrete
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
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Investments & Acquisitions by Magicrete
Magicrete has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Maxlite.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of LED lighting and controls solutions, including commercial charging stations and slim flood lights, with a focus on performance and scalability | maxlite.in | Bengaluru, India | 2017 | Mar 2024 | •••• |
Complete acquisition details for Magicrete
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Magicrete
5 dated milestones of Magicrete across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Magicrete is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $8.1M.
- Acquisition Acquires Maxlite.
Competitors of Magicrete
Magicrete has 3 listed competitors in our database. They include JK Cement, Prism Johnson and HIL.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jkcement.com | 1975 | Kanpur, India | 4,196 | Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products | ||
| prismjohnson.in | 1992 | Hyderabad, India | 108 | Manufacturer and supplier of building materials | ||
| hil.in | 1946 | Hyderabad, India | 1,241 | Roofing solutions and building materials are manufactured by HIL. |
Detailed competitors of Magicrete
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 Magicrete
The website of Magicrete (magicrete.in) receives about 17.5K visits a month.
- Monthly visits17.5K
▼ 7.4% vs previous month
Websites whose visitors overlap most with Magicrete. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mclindia.com | 100% | 29.9K | #818,105 | View details | |
| myklaticrete.com | 99% | #496,240 | View details | ||
in.weber | in.weber | 93% | #792,777 | – | |
| roff.in | 92% | 35.3K | #825,583 | View details | |
| birlawhite.com | 91% | 66.3K | #355,354 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Magicrete
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Building Materials
3 companies that operate in the same segment as Magicrete (Building Materials) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products | 1975 | Kanpur, Uttar Pradesh, India | USD 1.44 B | 9,047 | ||
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | USD 3.87 B | 10 | ||
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions | 1960 | Gurugram, Haryana, India |
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Related news about Magicrete
Complete news archive for Magicrete
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Frequently Asked Questions about Magicrete
Magicrete was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Magicrete is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Magicrete is a funded company, having raised a total of $18.13M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Mar 2010.
Magicrete was established in 2008 in Surat, India, within the construction materials sector. Operations focus on producing AAC blocks, wall panels, and precast elements, alongside construction chemicals like dry mix mortars, tile adhesives, grouts, cleaners, waterproofing solutions, block jointing mortars, ready mix plasters, gypsum plasters, and wall putty. These products support building and infrastructure needs across the region.
Magicrete's top competitors include JK Cement, Prism Johnson and HIL.
Magicrete has made 1 acquisition, including Maxlite.
Magicrete has 37 investors. Key investors include India SME Investments, Niveshaay Hedgehogs, Pritul Jain, Sunita Poddar, and Apoorva Poddar.
The valuation of Magicrete is $74.44M as of Feb 2023.
Magicrete is associated with 4 legal entities: Sgc Magicrete Llp, Magicrete Chemical Industries Private Limited, Magicrete Construction Technologies Private Limited and others.
The legal entities of Magicrete currently have 6 directors, including Mukeshkumar Premchand Lalwani, Puneet Vinod Mittal, Sourabh Bimalkumar Bansal and others.
Yes. Magicrete publishes Magicrete BuildMart.