About Magikcargo
Magikcargo is a Transportation, Automotive & Logistics company. It provides logistics services including LCL consolidation, FCL, airfreight, and warehousing solutions. It operates on a B2B and Marketplace model. The company has 390 employees. Its Indian entity Radar Ventures Private Limited reported revenue of ₹296 Cr. Magikcargo offers products and services including LCL Consolidation, Full Containers, Air Freight, Warehousing, and Land Transport. Its focus areas include Logistics, Freight Services, Ocean Freight and LCL Consolidation.
Company details
Magik is a deep-tech company established in 2021 as a division of Radar Ventures Pvt. Ltd., operating as a neutral NVOCC. It offers comprehensive logistics services such as LCL consolidation for cost-saving on smaller shipments, FCL for large cargo, airfreight for time-sensitive deliveries, warehousing for secure storage, and land transport for efficient road solutions. Based in India with branches across multiple cities, Magik serves shippers globally through digital platforms for quotes, tracking, and collaboration, handling significant cargo volumes.
- Employees 390
- SectorsTransportation, Automotive & Logistics
- Website magikcargo.com
- Social LinkedIn
- Legal Name Radar Ventures Pvt. Ltd.
- Date of Incorporation 03 Jan, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Indian entity revenue₹296 Cr
FY 2024 · -33% YoY
- Indian entity net loss-₹87.97 Cr
FY 2024 · -10% margin
- Indian entity EBITDA-₹70.26 Cr
FY 2024 · -8% margin
- Employee Count390
Associated legal entities of Magikcargo
Magikcargo operates through Radar Ventures 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 |
|---|---|---|---|---|---|---|---|
| Radar Ventures Private Limited CIN U63030TN2020PTC133596 | Active | 03 Jan 2020 | Chennai, Tamil Nadu | ₹296 Cr | 390 | 2 | View details |
Products & Services of Magikcargo
Magikcargo offers a comprehensive portfolio of products and services, including LCL Consolidation, Full Containers, Air Freight, Warehousing, and Land Transport.
Enables sharing containers for cost savings on smaller shipments.
Provides dedicated space for secure large cargo transport.
Offers fast delivery for time-sensitive shipments worldwide.
Delivers secure inventory management and supply chain support.
Facilitates efficient road transportation for goods delivery.
Handles oversized and complex cargo shipments safely.
Board of directors of Radar Ventures Private Limited (Magikcargo)
Radar Ventures Private Limited is the primary company behind Magikcargo. The board of Radar Ventures Private Limited currently have 2 directors; the longest-serving is Ramkumar Govindarajan, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramkumar Govindarajan DIN 03602170 | Director | 03 Jan 2020 | 6 yrs 9 mo | Radar Ventures Private Limited |
| Ramkumar Ramachandran DIN 00620912 | Director | 03 Jan 2020 | 6 yrs 9 mo | Radar Ventures Private Limited |
Financials of Magikcargo
Figures of Radar Ventures Private Limited, the primary company behind Magikcargo, for FY 2024. Revenue was ₹296 Cr (-33% year on year). Net loss was -₹87.97 Cr (-10% margin). EBITDA was -₹70.26 Cr (-8% margin). Revenue has grown at a compounded annual rate of +261% over three years.
- ₹296 CrRevenue · FY 2024 · -33% YoY
- -₹87.97 CrNet loss · -10% margin
- -₹70.26 CrEBITDA · -8% margin
- ₹12.7 LakhPaid-up capital
- 390Employees (provident fund records)
- +261%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Radar Ventures Private Limited are on its company page.
Detailed financial statements for Magikcargo
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Frequently Asked Questions about Magikcargo
Magikcargo has 390 employees.
The primary company behind Magikcargo, Radar Ventures Private Limited, reported revenue of ₹296 Cr for FY 2024, down 33% year on year.
Magik is a deep-tech company established in 2021 as a division of Radar Ventures Pvt. Ltd., operating as a neutral NVOCC. It offers comprehensive logistics services such as LCL consolidation for cost-saving on smaller shipments, FCL for large cargo, airfreight for time-sensitive deliveries, warehousing for secure storage, and land transport for efficient road solutions. Based in India with branches across multiple cities, Magik serves shippers globally through digital platforms for quotes, tracking, and collaboration, handling significant cargo volumes.
Magikcargo offers LCL Consolidation, Full Containers, Air Freight, Warehousing, and 2 more products and services.
Magikcargo operates through Radar Ventures Private Limited.
The legal entities of Magikcargo currently have 2 directors, including Ramkumar Govindarajan, Ramkumar Ramachandran.