Mag Communications Private Limited

Mag Communications Private Limited - media and publishing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74300KA1998PTC029470 Incorporated 29 May 1998 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company media and publishing MSME · Micro
Data last updated
Revenue · FY 2023
₹77.52 Lakh
▼ 42% YoY
Net loss · FY 2023
₹1.47 Cr
Net margin -189.5%
EBITDA · FY 2023
-₹1.31 Cr
EBITDA margin -168.9%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹12 Lakh
Issued & subscribed
Open charges
₹4.5 Cr
Secured borrowings
Company age
28 yrs
Est. 1998
Directors on board
2
As per MCA filings

About Mag Communications Private Limited

Data last updated:

Mag Communications Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 29 May 1998 and has been in existence for over 28 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74300KA1998PTC029470. Its GSTIN is 29AADCM2206L1ZG (Karnataka).

The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors Ramesh Shivaji Magar and Ashwini Magar.

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 140/13 27th Cross 13th Main 3rd Block Jayanagar Bangalore, Karnataka, India – 560011.

As per the financials filed for FY 2023, the company reported a revenue of ₹77.52 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Cr (net margin -189.5%) and EBITDA of -₹1.31 Cr (EBITDA margin -168.9%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 33% over five years.

As per MCA filings, the company has open charges of ₹4.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it.

Mag Communications Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0012700). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U74300KA1998PTC029470
Registration Number 029470
Incorporation Date 29 May 1998
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0012700

CIN history

Mag Communications has one previous CIN (Corporate Identification Number): U74300KA2001PTC029470. The current CIN is U74300KA1998PTC029470, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74300KA1998PTC029470Current
U74300KA2001PTC029470Previous
Key People
Ramesh Shivaji Magar Director Ashwini Magar Director

Recognitions & Rankings of Mag Communications

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0012700

Contact details

Mag Communications Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    140/13 27th Cross 13th Main 3rd Block Jayanagar Bangalore, Karnataka, India – 560011
  • Industry
    Media and Publishing, Advertising Agencies & Media Services

To see the full contact details of Mag Communications Private Limited, buy the company report.

Comprehensive company report
Mag Communications 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
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Financials of Mag Communications Private Limited

FY 2024 filings available

Mag Communications Private Limited reported revenue of ₹77.52 Lakh (down 42% YoY) for FY 2023.

Revenue · FY 2023
₹77.52 Lakh ▼ 42%
Net loss · FY 2023
₹1.47 Cr margin -189.5%
EBITDA · FY 2023
-₹1.31 Cr margin -168.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 39%
5 years · compounded
▼ 33%

Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 42% fall 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹77.52 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹1.31 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.47 Cr
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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-168.9%
Net Profit Margin-189.5%
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 Mag Communications Private Limited, buy the company report.

Board of directors of Mag Communications Private Limited

Mag Communications has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Ramesh Shivaji MagarDirector29 May 199828 Years 5 MonthsCurrent
Ashwini MagarDirector29 May 199828 Years 5 MonthsCurrent
View all directors

Auditor

Mag Communications Private Limited is audited by SUDHAKAR HEGDE & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SUDHAKAR HEGDE & COFY 2023200007

Shareholding

The shareholding of Mag Communications Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mag Communications Private Limited, buy the company report.

Charges & borrowings

Open charges
₹4.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹2.30 Cr
State Bank of Mysore₹2.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Sep 200290198169State Bank of Mysore₹2.2 CrOpen
03 Sep 200290200747Others₹2.3 CrOpen

To see the full charge records of Mag Communications Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mag Communications Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Mag Communications has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AADCM2206L1ZGKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Mag Communications Private Limited, buy the company report.

Recent activity

Mag Communications Private Limited has 2 board changes on record since 1998: 2 appointments. The latest: Ashwini Magar was appointed as Director on 29 May 1998.

AGM
Mag Communications Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mag Communications Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others of Rs. 230.00 Lakh registered on 03 Sep 2002 with Charge ID 90200747 was modified on 27 Jan 2017.
Charges
A charge with State Bank Of Mysore of Rs. 220.00 Lakh registered on 03 Sep 2002 with Charge ID 90198169 was modified on 30 May 2015.
Charges
A charge with State Bank Of Mysore amounted to Rs. 220.00 Lakh with Charge ID 90198169 was registered on 03 Sep 2002.
Charges
A charge with Others amounted to Rs. 230.00 Lakh with Charge ID 90200747 was registered on 03 Sep 2002.
Appointed
Ashwini Magar was appointed as Director.
Appointed
Ramesh Shivaji Magar was appointed as Director.
Incorporation
29 May 1998
Mag Communications Private Limited was registered on 29 May 1998 with Roc Bangalore & aged 28 years 5 months as per MCA records.

Frequently asked questions

Mag Communications is an active private limited company based in Bangalore, Karnataka, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 29 May 1998 (28+ years old) and is registered under CIN U74300KA1998PTC029470.

Mag Communications has 2 current directors:

The latest financial statements of Mag Communications 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 Mag Communications is 29AADCM2206L1ZG, registered in Karnataka.

The CIN (Corporate Identification Number) of Mag Communications is U74300KA1998PTC029470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mag Communications has 1 court case on record: 1 filed against it.

Mag Communications was incorporated on 29 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.

Ashwini Magar was appointed as Director on 29 May 1998. Ramesh Shivaji Magar was appointed as Director on 29 May 1998.

Yes, Mag Communications is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0012700).

The registered office of Mag Communications is at 14013 27th Cross 13th Main 3rd Block Jayanagar Bangalore, Karnataka, India – 560011.