About Magronic
Magronic is a Consumer company based in Puducherry (India) founded in 2020 by Amanullah Nazar, Rosheth VM, Mohamed Riaz, and Mega Varuman. Technology solutions for algae farms and spirulina supplements are provided. Magronic was last valued at $173.13 thousand in December 2021. Its Indian entity Magronic Contrivance Private Limited reported revenue of ₹2.6 Lakh. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Ingredients. Its competitors include Proeon, Devigere Biosolutions and Fermensis Bio; 2 of its 3 listed competitors have raised funding.
Company details
Magronic was founded in 2020 in Puducherry, India, within the sustainable agriculture sector. Technology-based platforms for early detection of external contaminants in algae farms are developed and supplied. Spirulina protein supplements are produced as sustainable nutrition options. Operations focus on supporting algae cultivation efficiency, with services extending to food and nutrition applications across the region.
- Headquarters Puducherry, India
- Founders Amanullah Nazar, Rosheth VM, Mohamed Riaz, Mega Varuman
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website magronic.co.in
- Social LinkedIn
- Legal Name Magronic Contrivance Private Limited
- Date of Incorporation 21 Mar, 2018
- Jurisdiction Puducherry, India
- Annual Revenue₹2.6 Lakh
FY 2025 · -55% YoY
- Net Loss-₹52,445
FY 2025 · -20% margin
- EBITDA-₹45,708
FY 2025 · -17% margin
- Investors
Associated legal entities of Magronic
Magronic operates through Magronic Contrivance 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 |
|---|---|---|---|---|---|---|---|
| Magronic Contrivance Private Limited CIN U29309PY2018PTC008264 | Active | 21 Mar 2018 | Puducherry, Puducherry | ₹0.0 Cr | 2 | View details |
Funding Insights of Magronic
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Magronic 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 2021 | Seed | $173,131 | IIITDM Kancheepuram | – |
Last known valuation $173,131 (Dec 2021). 1 investors in total: 1 institutional.
Investors in Magronic
Magronic has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include IIITDM Kancheepuram.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers higher education in engineering, design, and manufacturing disciplines. | 2007 | iiitdm.ac.in | Chennai, India |
Investor details for Magronic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Magronic Contrivance Private Limited (Magronic)
Magronic Contrivance Private Limited is the primary company behind Magronic. The board of Magronic Contrivance Private Limited currently have 2 directors; the longest-serving is Megavaruman Porchelian, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Megavaruman Porchelian DIN 07995393 | Director | 21 Mar 2018 | 8 yrs 7 mo | Magronic Contrivance Private Limited |
| Amanullah Naser DIN 08400775 | Director | 31 Jul 2020 | 6 yrs 3 mo | Magronic Contrivance Private Limited |
People of Magronic
4 people are tracked at Magronic (4 in leadership).
| Name | Role | Group |
|---|---|---|
Amanullah Nazar | Co-Founder | Leadership |
Rosheth VM | Co-Founder | Leadership |
Mohamed Riaz | Co-Founder | Leadership |
Mega Varuman | Co-Founder | Leadership |
Complete people profiles for Magronic
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
Verified entity values are shown only after access is granted.
Financials of Magronic
Figures of Magronic Contrivance Private Limited, the primary company behind Magronic, for FY 2025. Revenue was ₹2.6 Lakh (-55% year on year). Net loss was -₹52,445 (-20% margin). EBITDA was -₹45,708 (-17% margin). Revenue has grown at a compounded annual rate of -13% over three years and +49% over five years.
- ₹2.6 LakhRevenue · FY 2025 · -55% YoY
- -₹52,445Net loss · -20% margin
- -₹45,708EBITDA · -17% margin
- ₹15,600Paid-up capital
- -13%Revenue CAGR, 3 years
- +49%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magronic Contrivance Private Limited are on its company page.
Detailed financial statements for Magronic
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.
Timeline of Magronic
2 dated milestones of Magronic across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Magronic is founded.
- Funding First funding round.
Competitors of Magronic
Magronic has 3 listed competitors in our database, 2 of them funded. They include Proeon, Devigere Biosolutions and Fermensis Bio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| proeon.co | 2018 | Pune, India | $2.39M | 7 | Sustainable plant-based protein isolates are supplied for food uses. | |
| devigerebiosolutions.com | 2020 | Bengaluru, India | Produces sustainable protein concentrates from pulses for food and wellness industries. | |||
| fermensisbio.com | 2022 | Bengaluru, India | $14,600 | Nutrient-rich, planet-friendly food products are developed from microalgae. |
Detailed competitors of Magronic
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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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Magronic (Food & Beverage Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 6,903 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 |
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Frequently Asked Questions about Magronic
Magronic was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Magronic is headquartered in Puducherry, India. It is registered at Puducherry, Puducherry, India.
The primary company behind Magronic, Magronic Contrivance Private Limited, reported revenue of ₹2.6 Lakh for FY 2025, down 55% year on year.
Magronic was founded in 2020 in Puducherry, India, within the sustainable agriculture sector. Technology-based platforms for early detection of external contaminants in algae farms are developed and supplied. Spirulina protein supplements are produced as sustainable nutrition options. Operations focus on supporting algae cultivation efficiency, with services extending to food and nutrition applications across the region.
Magronic's top competitors include Proeon, Fermensis Bio and Devigere Biosolutions.
Magronic has 1 investor. Key investors include IIITDM Kancheepuram.
The valuation of Magronic is $173.13K as of Dec 2021.
Magronic operates through Magronic Contrivance Private Limited.
The legal entities of Magronic currently have 2 directors, including Amanullah Naser, Megavaruman Porchelian.