MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-09-0015424
Ferromag Technologies Private Limited
Ferromag Technologies Private Limited - energy and power in Dasroi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.01 Cr
▲ 133% YoY
Net profit · FY 2024
₹16.73 Lakh
Net margin 3.3%
EBITDA · FY 2024
₹41.47 Lakh
EBITDA margin 8.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹1.59 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
7
Provident fund records
About Ferromag Technologies Private Limited
Data last updated:
Ferromag Technologies Private Limited is a private limited company based in Dasroi, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 19 May 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31900GJ2022PTC132133. Its GSTIN is 24AAFCF0592G1ZT (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Ajitkumar Mukundbhai Pimple (Managing Director) and Ajinkya Ajit Pimple (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 50 Pancharatna Green Industrial Park, Dasroi, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.01 Cr, a growth of 133% compared to the previous year. For the same year it recorded a net profit of ₹16.73 Lakh (net margin 3.3%) and EBITDA of ₹41.47 Lakh (EBITDA margin 8.3%).
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.59 Cr on record.
Ferromag Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0015424).
Company details
CIN U31900GJ2022PTC132133
Registration Number 132133
Incorporation Date 19 May 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-GJ-09-0015424
Key People
Ajitkumar Mukundbhai Pimple Managing Director Ajinkya Ajit Pimple Whole-Time Director Anuradha Ajit Pimple Director Recognitions & Rankings of Ferromag Technologies
Contact details
Ferromag Technologies Private Limited's registered office is in Dasroi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 50 Pancharatna Green Industrial Park Behind Satpanth Mandir, Paldi Kankaj Road Inside Pirana Gate Off S P Ring Road, Dasroi, Gujarat, India – 382425
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Ferromag Technologies Private Limited, buy the company report.
Comprehensive company report
Ferromag Technologies Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Ferromag Technologies is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. |
To see the full business activity and turnover split of Ferromag Technologies Private Limited, buy the company report.
Financials of Ferromag Technologies Private Limited
FY 2025 filings availableFerromag Technologies Private Limited reported revenue of ₹5.01 Cr (up 133% YoY) for FY 2024.
Revenue · FY 2024
₹5.01 Cr ▲ 133%
Net profit · FY 2024
₹16.73 Lakh margin 3.3%
EBITDA · FY 2024
₹41.47 Lakh margin 8.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 133%
EBITDA CAGR growth
1 year
▲ 869%
Revenue rose 133% in the latest year. EBITDA rose 869% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹41.47 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹16.73 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 8.3% | |
| Net Profit Margin | 3.3% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Ferromag Technologies Private Limited, buy the company report.
Board of directors of Ferromag Technologies Private Limited
Ferromag Technologies has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajinkya Ajit Pimple | Whole-Time Director | 19 May 2022 | 4 Years 5 Months | Current |
| Anuradha Ajit Pimple | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Ajitkumar Mukundbhai Pimple | Managing Director | 19 May 2022 | 4 Years 5 Months | Current |
Auditor
Ferromag Technologies Private Limited is audited by MANUBHAI & SHAH LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANUBHAI & SHAH LLP | FY 2023 | 106041W/W100136 |
Shareholding
The shareholding of Ferromag Technologies Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ferromag Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.59 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2025 | 101180472 | Others | ₹76 Lakh | Open | |
| 31 Dec 2024 | 101036119 | Others | ₹15.64 Lakh | Open | |
| 30 Jan 2023 | 100671807 | Others | ₹67.61 Lakh | Open |
To see the full charge records of Ferromag Technologies Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Ferromag Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Ferromag Technologies Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 263 overdue payments to 25 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ferromag Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ferromag Technologies Private Limited has a workforce of 7 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
16.67%
GST
Ferromag Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCF0592G1ZT | Gujarat | Active | 28 Jul 2022 |
To see the full GST registrations and return filing status of Ferromag Technologies Private Limited, buy the company report.
Recent activity
Ferromag Technologies Private Limited has 6 board changes on record since 2022: 3 appointments and 3 cessations. The latest: Ajinkya Ajit Pimple ceased to be Director on 01 Sep 2022.
Charges
A charge with Others of Rs. 67.61 Lakh registered on 30 Jan 2023 with Charge ID 100671807 was modified on 27 Oct 2025.
Charges
A charge with Others amounted to Rs. 76.00 Lakh with Charge ID 101180472 was registered on 09 Oct 2025.
AGM
Ferromag Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ferromag Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 15.64 Lakh with Charge ID 101036119 was registered on 31 Dec 2024.
Charges
A charge with Others amounted to Rs. 67.61 Lakh with Charge ID 100671807 was registered on 30 Jan 2023.
Ceased
Ajinkya Ajit Pimple ceased to be Director.
Ceased
Ajitkumar Mukundbhai Pimple ceased to be Director.
Ceased
Anuradha Ajit Pimple ceased to be Director.
Appointed
Ajinkya Ajit Pimple was appointed as Whole-Time Director.
Appointed
Ajitkumar Mukundbhai Pimple was appointed as Managing Director.
Appointed
Anuradha Ajit Pimple was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Ferromag Technologies is an active private limited company based in Dasroi, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 19 May 2022 (4+ years old) and is registered under CIN U31900GJ2022PTC132133.
Ferromag Technologies has 3 current directors:
- Ajitkumar Mukundbhai Pimple - Managing Director
- Ajinkya Ajit Pimple - Whole-Time Director
- Anuradha Ajit Pimple - Director
The latest financial statements of Ferromag Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Ferromag Technologies is 24AAFCF0592G1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Ferromag Technologies is U31900GJ2022PTC132133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ferromag Technologies was incorporated on 19 May 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ajinkya Ajit Pimple ceased to be Director on 01 Sep 2022. Ajitkumar Mukundbhai Pimple ceased to be Director on 01 Sep 2022. Anuradha Ajit Pimple ceased to be Director on 31 Aug 2022. Ferromag Technologies has 6 board changes on record in total.
Yes, Ferromag Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-09-0015424).
Ferromag Technologies has 6 MSME Form 1 returns on record between 2022 and 2024, listing 263 overdue payments to 25 micro and small suppliers. The latest return was filed on 30 Apr 2024.
The registered office of Ferromag Technologies is at Plot No. 50 Pancharatna Green Industrial Park Behind Satpanth Mandir, Paldi Kankaj Road Inside Pirana Gate Off S P Ring Road, Dasroi, Gujarat, India – 382425.
Ferromag Technologies operates in the energy and power industry, in the power equipment manufacturers segment.