About Mag Solvics Private Limited
Data last updated:
Mag Solvics Private Limited is a private limited company based in Solavampalayam Post, Tamil Nadu, India. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 11 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U29261TZ2005PTC011986. Its GSTIN is 33AAECM5056F1ZP (Tamil Nadu).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.34 Cr. It is led by directors including Chidambaram Dhandayuthapani (Managing Director) and Rangaswamy Manikandamurthy (Whole-Time Director).
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 Sf No. 149/5 Dynamic Center, Solavampalayam Post, Tamil Nadu, India – 642109.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.87 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹20.69 Lakh (net margin 0.7%) and EBITDA of ₹1.69 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 11% over five years.
The company has about 126 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MAG Solvics. As per MCA filings, the company has open charges of ₹7.92 Cr and satisfied charges of ₹10.1 Cr on record. Court records list 2 cases involving the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magsolvics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSf No. 149/5 Dynamic Center, Solavampalayam Post, Tamil Nadu, India – 642109
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Mag Solvics Private Limited
The main business activity of Mag Solvics is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mag Solvics Private Limited FY 2024 filings available
Mag Solvics Private Limited reported revenue of ₹30.87 Cr (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mag Solvics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 10% growth in the latest year. EBITDA rose 24% 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 of Mag Solvics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.69 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 of Mag Solvics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 Mag Solvics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mag Solvics Private Limited
Mag Solvics Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Testing Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adept Fluidyne Private Limited | ₹31.28 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Pune, Maharashtra, India |
| Test & Research India Private Limited | ₹31.16 Cr (FY 2024) | •••• | •••• | •••• | Haryana, India | |
| Apicom Automation Private Limited | ₹31.07 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bangalore, Karnataka, India |
| Semco Infratech Private Limited | ₹31.04 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Badotherm Instruments Holland Private Limited. | ₹30.88 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
| Mag Solvics Private Limited this company | ₹30.87 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Solavampalayam Post, Tamil Nadu, India |
| Paragon Instrumentation Engineers Private Limited | ₹30.3 Cr (FY 2024) | •••• | •••• | 76.0% | •••• | Roorkee, Uttarakhand, India |
| E G Kantawalla Private Limited | ₹30.24 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Pune, Maharashtra, India |
| Itec Measures Private Limited | ₹29.95 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Vapi, Gujarat, India |
| RLT Instrumentation Private Limited | ₹29.7 Cr (FY 2024) | •••• | •••• | 778.0% | •••• | Chengalpet, Tamil Nadu, India |
| Compac Technologies India Limited | ₹29.48 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Ludhiana, Punjab, India |
Peers are the five companies nearest above and the five nearest below Mag Solvics by revenue in the Machinery and Equipment industry (Testing Equipment), 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 Mag Solvics Private Limited
Mag Solvics Private Limited is audited by SM.NAGAPPAN & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SM.NAGAPPAN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mag Solvics Private Limited
Mag Solvics has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chidambaram Dhandayuthapani Also directs: Mag Unicorp Private Limited | Managing Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Rangaswamy Manikandamurthy Also directs: Mag Unicorp Private Limited | Whole-Time Director | 11 Jul 2005 | 21 Years 2 Months | Current |
| Gangadharan Mani Also directs: Mag Unicorp Private Limited | Whole-Time Director | 30 Nov 2007 | 18 Years 10 Months | Current |
Ownership and Shareholding of Mag Solvics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mag Solvics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Apr 2023 | Others | ₹17 Lakh | Open |
| 06 Jul 2020 | Others | ₹50 Lakh | Open |
| 04 Jun 2018 | Others | ₹7.25 Cr | Open |
| 25 Nov 2021 | Others | ₹5 Lakh | Satisfied |
| 17 Sep 2010 | Others | ₹6.85 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Mag Solvics Private Limited
Mag Solvics Private Limited has 2 court cases on record: 2 where it is another party. All cases are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Company is another party | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Mag Solvics Private Limited
Mag Solvics operates one associated brand: MAG Solvics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Testing solutions and online monitoring for the textile industry in India. | magsolvics.com |
Employees and EPFO Compliance at Mag Solvics Private Limited
Mag Solvics Private Limited has a workforce of 126 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mag Solvics Private Limited
Mag Solvics Private Limited has 12 board changes on record since 2005: 3 appointments and 9 cessations. The latest: Chidambaram Dhandayuthapani ceased to be Whole-Time Director on 31 Mar 2020.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mag Solvics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mag Solvics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mag Solvics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mag Solvics Private Limited
Mag Solvics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECM5056F1ZP | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mag Solvics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mag Solvics Private Limited
Mag Solvics is an active private limited company based in Solavampalayam Post, Tamil Nadu, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 11 July 2005 (21+ years old) and is registered under CIN U29261TZ2005PTC011986.
Mag Solvics reported revenue of ₹30.87 Cr for FY 2024 (up 10% YoY).
Mag Solvics has 3 current directors:
- Chidambaram Dhandayuthapani - Managing Director
- Rangaswamy Manikandamurthy - Whole-Time Director
- Gangadharan Mani - Whole-Time Director
Mag Solvics reported a net profit of ₹20.69 Lakh (net margin 0.7%) and EBITDA of ₹1.69 Cr (EBITDA margin 5.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mag Solvics is 25% over three years and 11% over five years. In the latest year (FY 2024) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mag Solvics is 33AAECM5056F1ZP, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mag Solvics is U29261TZ2005PTC011986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mag Solvics has 2 court cases on record.
Mag Solvics was incorporated on 11 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Mag Solvics by revenue are Adept Fluidyne Private Limited, Test & Research India Private Limited, Apicom Automation Private Limited, Semco Infratech Private Limited, Badotherm Instruments Holland Private Limited. and 5 more, all in the Machinery and Equipment industry (Testing Equipment).
Chidambaram Dhandayuthapani ceased to be Whole-Time Director on 31 Mar 2020. Palaniswami Sreenithi ceased to be Whole-Time Director on 31 Mar 2020. Gangadharan Mani ceased to be Whole-Time Director on 31 Mar 2019. Mag Solvics has 12 board changes on record in total.