About Magma Group
Magma Group is an Industrial Goods & Manufacturing company based in Ahmedabad (India) founded in 2022 by Neal Thakker. Integrated marketplace for manufacturers sourcing and logistics is provided. It operates on a B2B2C and Managed Services model. Magma Group has raised $12.26 million across 8 funding rounds from investors including Angel List, Accion and All In Capital. The company has 1 employees. Magma Group was last valued at $9.91 million in June 2022. Its chief executive, as recorded, is Neal Thakker. Its Indian entity Taozen Technology Private Limited reported revenue of ₹256 Cr. Magma Group offers products and services including Customized Raw Materials, Waste Management, Clean Energy, Bio Materials, and TerraMag. Its focus areas include Industrial Goods, Manufacturing Solutions and End-to-End Industrial Services. Its competitors include Mogli Labs, ToolsVilla and Wootz.work; 3 of its 3 listed competitors have raised funding.
Company details
End-to-end industrial solutions are offered by Magma Group to empower manufacturers across India. Critical inputs and services, including customized raw material supply, waste management, clean energy solutions, biomaterials, and integrated logistics, are provided to optimize factory operations. Sectors such as industrial ceramics, chemicals, and packaging are served, with a focus on sustainability and efficiency. Over 250 manufacturers, from SMEs to large enterprises, are supported with innovative and cost-effective solutions to enhance production performance while reducing environmental impact.
- Headquarters Ahmedabad, India
- Employees 1
- Founders Neal Thakker
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website magmagroup.in
- Social LinkedIn X Instagram
- Legal Name Taozen Technology Private Limited
- Date of Incorporation 14 Feb, 2022
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹256 Cr
FY 2026 · +35% YoY
- Net Profit₹2.14 Cr
FY 2026 · 1% margin
- EBITDA₹2.66 Cr
FY 2026 · 1% margin
- Total Equity Funding$12.26M (USD)
in 8 rounds
- Latest Funding Round$3M (USD), Series A
Dec 2025
- InvestorsAngel List
& 26 more
- Employee Count1
Associated legal entities of Magma Group
Magma Group is associated with 2 registered companies on The Company Check; the primary company is Taozen Technology Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Taozen Technology Private Limited CIN U46909GJ2022PTC129358 | Active | 14 Feb 2022 | Ahmedabad, Gujarat | ₹256 Cr | 24 | 2 | View details |
| Taozen Technology Private Limited CIN U26100GJ2022PTC129358 | 14 Feb 2022 | Ahmedabad, Gujarat, India | View details |
Products & Services of Magma Group
Magma Group offers a comprehensive portfolio of products and services, including Customized Raw Materials, Waste Management, Clean Energy, Bio Materials, and TerraMag.
High-grade raw materials are provided for critical production needs.
End-to-end waste aggregation and recycling solutions are offered.
Reliable clean gases are supplied for industrial operations.
Sustainable bio-based fuels are provided for industrial energy.
Industrial powders, compounds, and glazes are manufactured and supplied.
Funding Insights of Magma Group
Magma Group has successfully raised a total of $12.26M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in December 2025. 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 $12.26M
- Total Rounds 8
- Last Round Series A — $3M
- First Round $520,104
(Jun 2022)
- Investors Count 27
All 8 funding rounds of Magma Group 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 |
|---|---|---|---|---|---|
| Dec 2025 | $3M | Series A | – | Capria, Gujarat Venture Finance | |
| Jul 2025 | Series A | – | – | ||
| Apr 2025 | $922,220 | Series A | – | – | |
| Apr 2025 | Debt – Conventional | – | Capria | ||
| Apr 2025 | $5M | Series A | – | Sanjiv Rangrass, Capria | |
| Feb 2023 | $500,000 | Debt – Conventional | – | – | |
| Jan 2023 | $2.82M | Seed | – | – | |
| Jun 2022 | $520,104 | Seed | $9.91M | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $9.91M | •••••••• |
Last known valuation $9.91M (Jun 2022). 27 investors in total: 15 institutional and 12 angel.
Investors in Magma Group
Magma Group has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Accion and All In Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in applied generative AI | capria.vc | Seattle, United States | ||
Early-stage venture capital investing in startups with founder market fit. | 2023 | avinya.vc | Mumbai, India | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | |||
Provision of seed capital and support to early-stage founders solving India-centric problems. | 2017 | wehventures.com | Mumbai, India | |
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India | ||
Venture capital investments and community support for Indian startups. | 2022 | allincapital.vc | Bengaluru, India | |
Venture capital fund investing in pre-seed tech startups with support services. | 2020 | pointone.capital | Bengaluru, India | |
Venture capital firm focused on multiple sectors | Bengaluru, India | |||
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
| wefoundercircle.com |
Investor details for Magma Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Taozen Technology Private Limited (Magma Group)
Taozen Technology Private Limited is the primary company behind Magma Group. The board of Taozen Technology Private Limited currently have 2 directors; the longest-serving is Neal Thakker, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neal Thakker DIN 09504864 | Director | 14 Feb 2022 | 4 yrs 8 mo | Taozen Technology Private Limited |
| Mamta Kaushik Thakkar DIN 09028701 | Director | 14 Feb 2022 | 4 yrs 8 mo | Taozen Technology Private Limited |
People of Magma Group
2 people are tracked at Magma Group (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Hiren Vasdadiya | Director | Leadership |
Complete people profiles for Magma Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Magma Group
Figures of Taozen Technology Private Limited, the primary company behind Magma Group, for FY 2026. Revenue was ₹256 Cr (+35% year on year). Net profit was ₹2.14 Cr (1% margin). EBITDA was ₹2.66 Cr (1% margin).
- ₹256 CrRevenue · FY 2026 · +35% YoY
- ₹2.14 CrNet profit · 1% margin
- ₹2.66 CrEBITDA · 1% margin
- ₹2.2 LakhPaid-up capital
- 24Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Taozen Technology Private Limited are on its company page.
Detailed financial statements for Magma Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Magma Group
4 dated milestones of Magma Group across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Magma Group is founded.
- Funding First funding round of $520K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.0M.
Competitors of Magma Group
Magma Group has 3 listed competitors in our database, 3 of them funded. They include Mogli Labs, ToolsVilla and Wootz.work.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moglilabs.com | 2014 | Noida, India | $201.4M | 1,276 | B2B e-commerce and supply chain management solutions are provided. | |
| toolsvilla.com | 2015 | Kolkata, India | $169,692 | 19 | Industrial equipment and supplies are offered via an online platform. | |
| wootz.work | 2023 | Delhi, India | $3.5M | 26 | Productivity tools for creative professionals are offered online. |
Detailed competitors of Magma Group
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Web traffic of Magma Group
The website of Magma Group (magmagroup.in) receives about 5.3K visits a month.
- Monthly visits5.3K
▼ 19.1% vs previous month
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Frequently Asked Questions about Magma Group
Magma Group was founded in 2022.
Magma Group is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Neal Thakker is the CEO of Magma Group, as recorded in our data. They have also founded this company.
Magma Group is a funded company, having raised a total of $12.26M across 8 funding rounds to date. The company's 1st funding round was a Seed of $520.1K, raised on Jun 2022.
Magma Group has 1 employees.
The primary company behind Magma Group, Taozen Technology Private Limited, reported revenue of ₹256 Cr for FY 2026, up 35% year on year.
End-to-end industrial solutions are offered by Magma Group to empower manufacturers across India. Critical inputs and services, including customized raw material supply, waste management, clean energy solutions, biomaterials, and integrated logistics, are provided to optimize factory operations. Sectors such as industrial ceramics, chemicals, and packaging are served, with a focus on sustainability and efficiency. Over 250 manufacturers, from SMEs to large enterprises, are supported with innovative and cost-effective solutions to enhance production performance while reducing environmental impact.
Magma Group's top competitors include Mogli Labs, Wootz.work and ToolsVilla.
Magma Group offers Customized Raw Materials, Waste Management, Clean Energy, Bio Materials, and TerraMag.
Magma Group has 27 investors. Key investors include Angel List, Accion, All In Capital, Gujarat Venture Finance, and WEH Ventures.
The valuation of Magma Group is $9.91M as of Jun 2022.
Magma Group operates through Taozen Technology Private Limited.