About Maglare
Maglare is an Energy & Utilities company based in Rajkot (India) founded in 2015 by Krunali Shingala, Hiten Shingala, and Vijyaben Shingala. It manufactures solar PV modules and offers EPC services for renewable energy projects. It operates on a B2B model. Its Indian entity Maglare Technologies Private Limited reported revenue of ₹1.98 Cr. Maglare offers products and services including Solar PV Modules, EPC Services, and Rooftop Solutions. Its focus areas include Energy, Renewable Energy, Solar and PV Module Manufacturing.
Company details
Maglare Technologies Private Limited specializes in manufacturing high-efficiency solar PV modules using advanced technology. They provide EPC services, rooftop solar solutions, and act as an Independent Power Producer. Based in Rajkot, Gujarat, India, they serve international utility, industrial, commercial, and residential customers with reliable solar energy products and installations.
- Headquarters Rajkot, India
- Founders Krunali Shingala, Hiten Shingala, Vijyaben Shingala
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website maglare.com
- Social LinkedIn X Facebook Instagram
- Legal Name Maglare Technologies Private Limited
- Date of Incorporation 12 Aug, 2015
- Jurisdiction Rajkot, Gujarat, India
- Annual Revenue₹1.98 Cr
FY 2024 · -14% YoY
- Net Profit₹1.7 Lakh
FY 2024 · 1% margin
- EBITDA₹18.8 Lakh
FY 2024 · 9% margin
Associated legal entities of Maglare
Maglare operates through Maglare Technologies 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 |
|---|---|---|---|---|---|---|---|
| Maglare Technologies Private Limited CIN U74140GJ2015PTC084188 | Active | 12 Aug 2015 | Rajkot, Gujarat | ₹2.0 Cr | 3 | View details |
Products & Services of Maglare
Maglare offers a comprehensive portfolio of products and services, including Solar PV Modules, EPC Services, and Rooftop Solutions.
High-efficiency panels for solar energy generation
Complete solutions for industrial and utility solar plants
Systems for residential and commercial rooftop energy needs
Board of directors of Maglare Technologies Private Limited (Maglare)
Maglare Technologies Private Limited is the primary company behind Maglare. The board of Maglare Technologies Private Limited currently have 3 directors; the longest-serving is Vijyaben Maganlal Shingala, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijyaben Maganlal Shingala DIN 07244224 | Director | 12 Aug 2015 | 11 yrs 2 mo | Maglare Technologies Private Limited |
| Hitenkumar Maganlal Shingala DIN 07244252 | Director | 12 Aug 2015 | 11 yrs 2 mo | Maglare Technologies Private Limited |
| Krunali Hitenkumar Shingala DIN 07265215 | Director | 05 Sep 2015 | 11 yrs 1 mo | Maglare Technologies Private Limited |
People of Maglare
3 people are tracked at Maglare (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Hiten Shingala | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Maglare
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
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Financials of Maglare
Figures of Maglare Technologies Private Limited, the primary company behind Maglare, for FY 2024. Revenue was ₹1.98 Cr (-14% year on year). Net profit was ₹1.7 Lakh (1% margin). EBITDA was ₹18.8 Lakh (9% margin). Revenue has grown at a compounded annual rate of -20% over three years and -1% over five years.
- ₹1.98 CrRevenue · FY 2024 · -14% YoY
- ₹1.7 LakhNet profit · 1% margin
- ₹18.8 LakhEBITDA · 9% margin
- ₹55 LakhPaid-up capital
- -20%Revenue CAGR, 3 years
- -1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Maglare Technologies Private Limited are on its company page.
Detailed financial statements for Maglare
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.
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Frequently Asked Questions about Maglare
Maglare was founded in 2015.
Maglare is headquartered in Rajkot, India. It is registered at Rajkot, Gujarat, India.
The primary company behind Maglare, Maglare Technologies Private Limited, reported revenue of ₹1.98 Cr for FY 2024, down 14% year on year.
Maglare Technologies Private Limited specializes in manufacturing high-efficiency solar PV modules using advanced technology. They provide EPC services, rooftop solar solutions, and act as an Independent Power Producer. Based in Rajkot, Gujarat, India, they serve international utility, industrial, commercial, and residential customers with reliable solar energy products and installations.
Maglare offers Solar PV Modules, EPC Services, and Rooftop Solutions.
Maglare operates through Maglare Technologies Private Limited.
The legal entities of Maglare currently have 3 directors, including Krunali Hitenkumar Shingala, Vijyaben Maganlal Shingala, Hitenkumar Maganlal Shingala.