About MagNetix Infosystems
MagNetix Infosystems is a Technology company based in Patna (India) founded in 2018. It provides cyber security, cloud computing, system integration, data analytics, and digital solutions to clients. It operates on a B2B model. The company has 17 employees. Its Indian entity Magnetix Infosystems & Development Private Limited reported revenue of ₹9.62 Cr. Its focus areas include IT Services, Cybersecurity and Cloud and Data Solutions. Similar companies include Happiest Minds, GirnarSOFT and Datamatics; 3 of its 3 listed similar companies have raised funding.
Company details
MagNetix Infosystems operates with a B2B model, focusing on leveraging cutting-edge technology, providing IT services, enhancing digital security, and cloud and data solutions. Provides cyber security, cloud computing, system integration, data analytics, and digital solutions to clients. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Patna, India
- Employees 17
- SectorsTechnology
- Website magnetixinfo.com
- Legal Name Magnetix Infosystems & Development Private Limited
- Date of Incorporation 16 Feb, 2018
- Jurisdiction Patna, Bihar, India
- Annual Revenue₹9.62 Cr
FY 2024 · -67% YoY
- Net Profit₹14.7 Lakh
FY 2024 · 2% margin
- EBITDA₹70.7 Lakh
FY 2024 · 7% margin
- Employee Count17
Associated legal entities of MagNetix Infosystems
MagNetix Infosystems operates through Magnetix Infosystems & Development 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 |
|---|---|---|---|---|---|---|---|
| Magnetix Infosystems & Development Private Limited CIN U74999BR2018PTC037160 | Active | 16 Feb 2018 | Patna, Bihar | ₹9.6 Cr | 17 | 4 | View details |
Board of directors of Magnetix Infosystems & Development Private Limited (MagNetix Infosystems)
Magnetix Infosystems & Development Private Limited is the primary company behind MagNetix Infosystems. The board of Magnetix Infosystems & Development Private Limited currently have 4 directors; the longest-serving is Majesh Raj, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Majesh Raj DIN 06396295 | Managing Director | 16 Feb 2018 | 8 yrs 8 mo | Magnetix Infosystems & Development Private Limited |
| Anil Kumar DIN 02893331 | Director | 16 Feb 2018 | 8 yrs 8 mo | Magnetix Infosystems & Development Private Limited |
| Prem Kumar DIN 02893485 | Director | 16 Feb 2018 | 8 yrs 8 mo | Magnetix Infosystems & Development Private Limited |
| Nagendra Kumar DIN 02893380 | Director | 29 Jun 2022 | 4 yrs 3 mo | Magnetix Infosystems & Development Private Limited |
Financials of MagNetix Infosystems
Figures of Magnetix Infosystems & Development Private Limited, the primary company behind MagNetix Infosystems, for FY 2024. Revenue was ₹9.62 Cr (-67% year on year). Net profit was ₹14.7 Lakh (2% margin). EBITDA was ₹70.7 Lakh (7% margin). Revenue has grown at a compounded annual rate of +293% over three years and +187% over five years.
- ₹9.62 CrRevenue · FY 2024 · -67% YoY
- ₹14.7 LakhNet profit · 2% margin
- ₹70.7 LakhEBITDA · 7% margin
- ₹57.5 LakhPaid-up capital
- 17Employees (provident fund records)
- +293%Revenue CAGR, 3 years
- +187%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magnetix Infosystems & Development Private Limited are on its company page.
Detailed financial statements for MagNetix Infosystems
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Verified entity values are shown only after access is granted.
Similar companies to MagNetix Infosystems
MagNetix Infosystems has 3 listed similar companies in our database, 3 of them funded. They include Happiest Minds, GirnarSOFT 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. | |
| girnarsoft.com | 2007 | Jaipur, India | $736.02M | 6,709 | Provider of website, web & mobile application development, BI, and digital marketing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed similar companies of MagNetix Infosystems
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about MagNetix Infosystems
MagNetix Infosystems was founded in 2018.
MagNetix Infosystems is headquartered in Patna, India. It is registered at Patna, Bihar, India.
MagNetix Infosystems has 17 employees.
The primary company behind MagNetix Infosystems, Magnetix Infosystems & Development Private Limited, reported revenue of ₹9.62 Cr for FY 2024, down 67% year on year.
MagNetix Infosystems operates with a B2B model, focusing on leveraging cutting-edge technology, providing IT services, enhancing digital security, and cloud and data solutions. Provides cyber security, cloud computing, system integration, data analytics, and digital solutions to clients. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
MagNetix Infosystems's top competitors include Happiest Minds, GirnarSOFT and Datamatics.
MagNetix Infosystems operates through Magnetix Infosystems & Development Private Limited.
The legal entities of MagNetix Infosystems currently have 4 directors, including Majesh Raj, Nagendra Kumar, Anil Kumar and others.