DPIIT recognised startup Government of India
Startup India
Ignomagine Private Limited
Ignomagine Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.03 Lakh
▲ 167% YoY
Net profit · FY 2024
₹31,700
Net margin 1.3%
EBITDA · FY 2024
₹37,500
EBITDA margin 1.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2.08 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Ignomagine Private Limited
Data last updated:
Ignomagine Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 03 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29309KA2021PTC150275. Its GSTIN is 29AAGCI2476R1ZP (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.08 Lakh. It is led by directors Sumana Mandal and Abiramm Bangalore Ranganathan.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.03 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹31,700 (net margin 1.3%) and EBITDA of ₹37,500 (EBITDA margin 1.6%).
The company is associated with 1 brand: Ignomagine.
Ignomagine Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0130834).
Company Details of Ignomagine Private Limited
CIN U29309KA2021PTC150275
Registration Number 150275
Incorporation Date 03 August 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0130834
Recognitions & Rankings of Ignomagine
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0130834
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo 28 Ground Floor, 2nd Cross Srinivasanagar, Bangalore, Karnataka, India – 560085
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
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Associated Brands with Ignomagine Private Limited
Ignomagine operates one associated brand: Ignomagine. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Robotics and automation products are manufactured for diverse applications. | ignomagine.com |
Business Activity of Ignomagine Private Limited
The main business activity of Ignomagine is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Ignomagine Private Limited FY 2025 filings available
Ignomagine Private Limited reported revenue of ₹24.03 Lakh (up 167% YoY) for FY 2024.
Revenue · FY 2024
₹24.03 Lakh ▲ 167%
Net profit · FY 2024
₹31,700 margin 1.3%
EBITDA · FY 2024
₹37,500 margin 1.6%
Compounded Annual Growth Rate (CAGR) of Ignomagine Private Limited
Revenue CAGR growth
1 year
▲ 167%
EBITDA CAGR growth
1 year
▲ 104%
Revenue rose 167% in the latest year. EBITDA rose 104% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Ignomagine Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹37,500 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31,700 | •••• | •••• |
| 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 of Ignomagine Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.6% | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ignomagine are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Board of Directors of Ignomagine Private Limited
Ignomagine has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumana Mandal | Director | 03 Aug 2021 | 5 Years 2 Months | Current |
| Abiramm Bangalore Ranganathan | Director | 03 Aug 2021 | 5 Years 2 Months | Current |
Peer Comparison of Ignomagine Private Limited
Ignomagine Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Electronic Equipment and Components Manufacturing, Robotics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Innovationhub Technologies Private Limited | ₹24.29 Lakh (FY 2025) | •••• | •••• | 427.0% | •••• | Bangalore, Karnataka, India |
| Techachiever Engineering Private Limited | ₹24.29 Lakh (FY 2025) | •••• | •••• | 137.0% | •••• | Indore, Madhya Pradesh, India |
| Swevens Immersive Studio Private Limited | ₹24.28 Lakh (FY 2024) | •••• | •••• | -52.0% | •••• | Chennai, Tamil Nadu, India |
| Kasco Environmental Systems Private Limited | ₹24.11 Lakh (FY 2020) | •••• | •••• | -9.0% | •••• | Pune, Maharashtra, India |
| Adjia Technologies Limited Listed | ₹24.03 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Ahmedabad, Gujarat, India |
| Ignomagine Private Limited this company | ₹24.03 Lakh (FY 2024) | •••• | •••• | 167.0% | •••• | Bangalore, Karnataka, India |
| Samajh AI Solutions Private Limited | ₹24.02 Lakh (FY 2024) | •••• | •••• | -31.0% | •••• | Rohtak, Haryana, India |
| Ember Cookware Private Limited | ₹23.85 Lakh (FY 2025) | •••• | •••• | 116.0% | •••• | Odisha, India |
| Da"Spatio Rhobotique Laboratory Private Limited | ₹23.85 Lakh (FY 2024) | •••• | •••• | -45.0% | •••• | Guwahati, Assam, India |
| Printronix India Private Limited | ₹23.72 Lakh (FY 2025) | •••• | •••• | -23.0% | •••• | Mumbai, Maharashtra, India |
| Quikthings Autonomics Private Limited | ₹23.69 Lakh (FY 2022) | •••• | •••• | -26.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ignomagine by revenue in the Engineering industry (Electronic Equipment and Components Manufacturing, Robotics), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ignomagine Private Limited
Ignomagine Private Limited is audited by RAKESH L AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAKESH L AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Ignomagine Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Ignomagine Private Limited
Ignomagine Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ignomagine Private Limited
Ignomagine Private Limited has a workforce of 0 employees as of Apr 09, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Ignomagine Private Limited
Ignomagine Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Abiramm Bangalore Ranganathan was appointed as Director on 03 Aug 2021.
AGM
Ignomagine Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ignomagine Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Abiramm Bangalore Ranganathan was appointed as Director.
Appointed
Sumana Mandal was appointed as Director.
Incorporation
03 Aug 2021
Ignomagine Private Limited was registered on 03 Aug 2021 with Roc Bangalore & aged 5 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Ignomagine Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Ignomagine Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Ignomagine Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Ignomagine Private Limited
Ignomagine has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCI2476R1ZP | Karnataka | Active | 18 Nov 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Ignomagine Private Limited
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MCA filings and documents
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Frequently Asked Questions about Ignomagine Private Limited
Ignomagine is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 03 August 2021 (5+ years old) and is registered under CIN U29309KA2021PTC150275.
Ignomagine reported revenue of ₹24.03 Lakh for FY 2024 (up 167% YoY).
Ignomagine has 2 current directors:
- Sumana Mandal - Director
- Abiramm Bangalore Ranganathan - Director
Ignomagine reported a net profit of ₹31,700 (net margin 1.3%) and EBITDA of ₹37,500 (EBITDA margin 1.6%) for FY 2024, as per its filed financial statements.
The GSTIN of Ignomagine is 29AAGCI2476R1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Ignomagine is U29309KA2021PTC150275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ignomagine was incorporated on 03 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ignomagine by revenue are Innovationhub Technologies Private Limited, Techachiever Engineering Private Limited, Swevens Immersive Studio Private Limited, Kasco Environmental Systems Private Limited, Adjia Technologies Limited and 5 more, all in the Engineering industry (Electronic Equipment and Components Manufacturing, Robotics).
Abiramm Bangalore Ranganathan was appointed as Director on 03 Aug 2021. Sumana Mandal was appointed as Director on 03 Aug 2021.
Yes, Ignomagine is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ignomagine is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0130834).