About Longi Magnet India Private Limited
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Longi Magnet India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Longi Magnet Co.China Ltd. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 23 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29219KA2013FTC071112. Its GSTIN is 29AACCL5569Q1ZK (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Umesha Chinnappa Shivanigi and Zhaopeng Li.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.598 10th Cross 7th Block Jayanagar, Bangalore, Karnataka, India – 560070.
As per the financials filed for FY 2024, the company reported a revenue of ₹91.69 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹12.81 Lakh (net margin 14%) and EBITDA of ₹14.87 Lakh (EBITDA margin 16.2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website en.ljmagnet.com.
Company details
Contact details
Longi Magnet India Private Limited's registered office is in Bangalore, Karnataka. Its website is en.ljmagnet.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.598 10th Cross 7th Block Jayanagar, Bangalore, Karnataka, India – 560070
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Longi Magnet India Private Limited, buy the company report.
- 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
Business activity
The main business activity of Longi Magnet India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Longi Magnet India Private Limited, buy the company report.
Financials of Longi Magnet India Private Limited
FY 2024 filings availableLongi Magnet India Private Limited reported revenue of ₹91.69 Lakh (down 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 37% fall in the latest year. EBITDA rose 85% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹14.87 Lakh | ||||
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| Net Profit (PAT) | ₹12.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 16.2% | ||||
| Net Profit Margin | 14% | ||||
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To see the full financial statements and ratios of Longi Magnet India Private Limited, buy the company report.
Board of directors of Longi Magnet India Private Limited
Longi Magnet India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umesha Chinnappa Shivanigi | Director | 02 Feb 2015 | 11 Years 9 Months | Current |
| Zhaopeng Li | Director | 23 Sep 2013 | 13 Years 1 Months | Current |
| Nengping Zhao | Director | 23 Sep 2013 | 13 Years 1 Months | Current |
Peer comparison
Longi Magnet India Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Intensify Technologies Solution Private Limited | ₹92.48 Lakh (FY 2025) | -41.0% | New Delhi, Delhi, India | |||
| Enman Automation Private Limited | ₹92.15 Lakh (FY 2024) | -85.0% | Aurangabad, Maharashtra, India | |||
| Cintelligence Private Limited | ₹91.86 Lakh (FY 2024) | -3.0% | Chennai, Tamil Nadu, India | |||
| Longi Magnet India Private Limitedthis company | ₹91.69 Lakh (FY 2024) | ₹12.81 Lakh | 14% | -37.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Longi Magnet India Private Limited, buy the company report.
Auditor
Longi Magnet India Private Limited is audited by B R V GOUD & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R V GOUD & CO | FY 2019 | 000992S |
Shareholding
The shareholding of Longi Magnet India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Longi Magnet India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Longi Magnet India 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
No delayed payments to MSME suppliers are on our record for Longi Magnet India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Longi Magnet India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCL5569Q1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Longi Magnet India Private Limited, buy the company report.
Recent activity
Longi Magnet India Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Umesha Chinnappa Shivanigi ceased to be Additional Director on 28 Sep 2015.
Frequently asked questions
Longi Magnet India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 23 September 2013 (13+ years old) and is registered under CIN U29219KA2013FTC071112.
Longi Magnet India has 3 current directors:
- Umesha Chinnappa Shivanigi - Director
- Zhaopeng Li - Director
- Nengping Zhao - Director
The latest financial statements of Longi Magnet India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Longi Magnet India is 29AACCL5569Q1ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Longi Magnet India is U29219KA2013FTC071112. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Longi Magnet India was incorporated on 23 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Longi Magnet India by revenue are Intensify Technologies Solution Private Limited, Enman Automation Private Limited, Cintelligence Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (retail trading).
Umesha Chinnappa Shivanigi ceased to be Additional Director on 28 Sep 2015. Umesha Chinnappa Shivanigi was appointed as Director on 02 Feb 2015. Nengping Zhao was appointed as Director on 23 Sep 2013. Longi Magnet India has 4 board changes on record in total.
Longi Magnet India can be reached through the website en.ljmagnet.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Longi Magnet India is at No.598 10th Cross 7th Block Jayanagar, Bangalore, Karnataka, India – 560070.
Longi Magnet India operates in the information technology industry, in the IT products retail and distribution segment.
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