About Magneto IT Solutions
Magneto IT Solutions is a company based in Ahmedabad (India) founded in 2010 by Nitesh Behani and Ronak Meghani. It operates as a B2B. The company has 15 employees. Magneto IT Solutions operates in a competitive market with competitors including AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
- Headquarter Ahmedabad, India
- Employees 15
- Founders Nitesh Behani, Ronak Meghani
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website magnetoitsolutions.com
- Social LinkedIn X Facebook
- Legal Name Magneto It Solutions Private Limited
- Date of Incorporation 10 Aug, 2011
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹13.90 Cr
FY 2025 · +2% YoY
- Net Profit₹1.62 Cr
FY 2025 · 12% margin
- EBITDA₹1.89 Cr
FY 2025 · 14% margin
- Employee Count15
Associated legal entities of Magneto IT Solutions
Magneto IT Solutions operates through Magneto It Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magneto It Solutions Private Limited CIN U72900PN2011PTC140436 | Active | 10 Aug 2011 | Pune, Maharashtra | ₹13.9 Cr | 15 | 5 | View details |
Board of directors of Magneto It Solutions Private Limited (Magneto IT Solutions)
Magneto It Solutions Private Limited is the primary company behind Magneto IT Solutions. The board of Magneto It Solutions Private Limited currently have 5 directors; the longest-serving is Bhargavkumar Jagdishbhai Thakkar, appointed in 2011. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhargavkumar Jagdishbhai Thakkar DIN 03576416 | Director | 10 Aug 2011 | 15 yrs 1 mo | Magneto It Solutions Private Limited |
| Nitesh Behani DIN 03576417 | Director | 10 Aug 2011 | 15 yrs 1 mo | Magneto It Solutions Private Limited |
| Ronak Harilal Meghani DIN 05279394 | Director | 15 May 2012 | 14 yrs 4 mo | Magneto It Solutions Private Limited |
| Bhavik Sureshbhai Shah DIN 08622784 | Director | 29 Apr 2024 | 2 yrs 5 mo | Magneto It Solutions Private Limited |
| Bhaveshkumar Ishvarlal Surani DIN 08622785 | Director | 29 Apr 2024 | 2 yrs 5 mo | Magneto It Solutions Private Limited |
People of Magneto IT Solutions
7 people are tracked at Magneto IT Solutions (4 in leadership, 3 in team); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Deepankar Chhabra | Director, Sales & Marketing | Leadership |
Bhargav Thakkar | Co-Founder | Leadership |
Dikshant Raj Sonwal | Digital Marketing Manager | Team |
Karan Mori | Digital Marketing Team Lead | Team |
Aishwarya Rathore | Business Development Executive | Team |
Complete people profiles for Magneto IT Solutions
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Financials of Magneto IT Solutions
Figures of Magneto It Solutions Private Limited, the primary company behind Magneto IT Solutions, for FY 2025. Revenue was ₹13.90 Cr (+2% year on year). Net profit was ₹1.62 Cr (12% margin). EBITDA was ₹1.89 Cr (14% margin). Revenue has grown at a compounded annual rate of +15% over three years and +33% over five years.
- ₹13.90 CrRevenue · FY 2025 · +2% YoY
- ₹1.62 CrNet profit · 12% margin
- ₹1.89 CrEBITDA · 14% margin
- ₹2 LakhPaid-up capital
- 15Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magneto It Solutions Private Limited are on its company page.
Detailed financial statements for Magneto IT Solutions
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.
Competitors of Magneto IT Solutions
Magneto IT Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| almaviva.it | 2005 | Rome, Italy | – | – | IT services suite solutions are provided globally by AlmavivA. | |
| hedgehoglab.com | 2007 | Newcastle Upon Tyne, United Kingdom | $9.49M | 88 | Mobile application development and UX design services are provided. | |
| hancom.com | 1990 | Seongnam-si, South Korea | – | – | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | |
| akqa.com | 1994 | Riyadh, Saudi Arabia | $8.74M | 648 | Integrated digital marketing campaigns are developed and executed across channels. | |
| waracle.com | 2007 | Dundee, United Kingdom | $6.32M | 42 | Mobile apps and IoT solutions are developed across platforms. | |
| freschesolutions.com | 1976 | Montreal, Canada | $16M | – | IT services for application modernization and development are offered. | |
| sierraatlantic.com | 1993 | Newark, United States | $17.4M | 139 | Offshore enterprise application development and IT consulting services are provided. | |
| glowtouch.com | 2002 | Louisville, United States | – | 2,269 | Technology services are provided to mid-sized businesses across multiple regions. | |
| brightspot.com | 2008 | Reston, United States | $22M | – | CMS solutions for digital publishers are provided and managed. | |
| sylogist.com | 1993 | Calgary, Canada | – | – | Software solutions are delivered to public sector and business clients. |
Detailed competitors of Magneto IT Solutions
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of Magneto IT Solutions
The website of Magneto IT Solutions (magnetoitsolutions.com) receives about 24.7K visits a month.
- Monthly visits24.7K
▲ 17.5% vs previous month
Websites whose visitors overlap most with Magneto IT Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| developergang.com | 100% | – | #4,820,545 | View details | |
designsvalley.com | designsvalley.com | 99% | – | #2,627,441 | – |
| vocso.com | 99% | 33.8K | #966,212 | View details | |
gbober.com | gbober.com | 98% | – | #594,097 | – |
rubygarage.org | rubygarage.org | 97% | – | #10,260,835 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Magneto IT Solutions
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Magneto IT Solutions
10 companies that operate in the same segment as Magneto IT Solutions (Programming & Software Development Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.75 M | – | – | |
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 2,810 | |
Automated usability testing and feedback for mobile experiences is provided. | 2007 | San Francisco, California, United States | USD 148.5 M | USD 21.68 M | 557 | |
Crowdsourced testing platforms are offered for software quality assurance. | 1966 | Framingham, Massachusetts, United States | USD 115.9 M | – | – | |
A platform for the AI community to collaborate and build. | 2016 | Paris, France | USD 399.91 M | – | – | |
Cloud-based whiteboarding software is provided for team collaboration and communication. | 2011 | San Francisco, California, United States | USD 501.3 M | – | – | |
Security testing software is provided for code vulnerability detection. | 2006 | Atlanta, Georgia, United States | USD 98.5 M | USD 3.35 M | 38 | |
Honeycomb is recognized for providing observability solutions for distributed services. | 2016 | San Francisco, California, United States | USD 144.9 M | – | – | |
Cloud based suite of software testing solutions | 2011 | Mumbai, Maharashtra, India | USD 253.3 M | USD 75.19 M | 926 | |
Cloud-based cross-browser testing services are provided for web applications. | 2017 | San Francisco, California, United States | USD 108.4 M | USD 693.97 K | 48 |
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Frequently Asked Questions about Magneto IT Solutions
Magneto IT Solutions was founded in 2010.
Magneto IT Solutions is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Magneto IT Solutions has 15 employees.
The primary company behind Magneto IT Solutions, Magneto It Solutions Private Limited, reported revenue of ₹13.90 Cr for FY 2025, up 2% year on year.
Magneto IT Solutions an offshore it firm specializing in mobile application and web development services in india, focusing on leveraging cutting-edge technology, creating custom software solutions, mobile and web applications, and offshore services. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Magneto IT Solutions's top competitors include Hedgehog lab, AlmavivA and AKQA.
Magneto IT Solutions operates through Magneto It Solutions Private Limited.
The legal entities of Magneto IT Solutions currently have 5 directors, including Bhavik Sureshbhai Shah, Bhaveshkumar Ishvarlal Surani, Bhargavkumar Jagdishbhai Thakkar and others.