MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-AS-03-0013288
Mag Wheels India Private Limited
Mag Wheels India Private Limited - financial services in Khetri, Assam, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹34.14 Lakh
▼ 52% YoY
Net profit · FY 2024
₹18,604
Net margin 0.5%
EBITDA · FY 2024
₹11.18 Lakh
EBITDA margin 32.7%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹1.21 Cr
Issued & subscribed
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Mag Wheels India Private Limited
Data last updated:
Mag Wheels India Private Limited is a private limited company based in Khetri, Assam, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 15 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U50400AS2015PTC012160. Its GSTIN is 18AAJCM8585C1Z2 (Assam).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.21 Cr. It is led by directors Mrigaraj Borkakati and Ponci Khaund.
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 Bhogpur Opposite College Gate N.H. 37, Khetri, Assam, India – 782403.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.14 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹18,604 (net margin 0.5%) and EBITDA of ₹11.18 Lakh (EBITDA margin 32.7%). Revenue has declined at a compounded annual rate (CAGR) of 563% over three years and 1% over five years.
Mag Wheels India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-AS-03-0013288). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U50400AS2015PTC012160
Registration Number 012160
Incorporation Date 15 July 2015
ROC Guwahati
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-AS-03-0013288
Key People
Mrigaraj Borkakati Director Ponci Khaund Director Recognitions & Rankings of Mag Wheels India
Contact details
Mag Wheels India Private Limited's registered office is in Khetri, Assam. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBhogpur Opposite College Gate N.H. 37, Khetri, Assam, India – 782403
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Mag Wheels India Private Limited, buy the company report.
Comprehensive company report
Mag Wheels India 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 Mag Wheels India is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mag Wheels India Private Limited, buy the company report.
Financials of Mag Wheels India Private Limited
FY 2024 filings availableMag Wheels India Private Limited reported revenue of ₹34.14 Lakh (down 52% YoY) for FY 2024.
Revenue · FY 2024
₹34.14 Lakh ▼ 52%
Net profit · FY 2024
₹18,604 margin 0.5%
EBITDA · FY 2024
₹11.18 Lakh margin 32.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
3 years · compounded
▲ 563%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 111%
5 years · compounded
▲ 39%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 52% fall in the latest year. EBITDA rose 111% 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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| Total Expenses | |||||
| EBITDA | ₹11.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18,604 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.7% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Mag Wheels India Private Limited, buy the company report.
Board of directors of Mag Wheels India Private Limited
Mag Wheels India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrigaraj Borkakati | Director | 15 Jul 2015 | 11 Years 3 Months | Current |
| Ponci Khaund | Director | 02 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Mag Wheels India Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Priyvand Technology Private Limited | ₹34.22 Lakh (FY 2024) | 141.0% | Delhi, India | |||
| Radu Real Estates & Construction Private Limited | ₹34.22 Lakh (FY 2023) | -23.0% | West Bengal, India | |||
| Mag Wheels India Private Limitedthis company | ₹34.14 Lakh (FY 2024) | ₹18,604 | 0.5% | -52.0% | Khetri, Assam, India | |
| Roseberry Investment Consultants Private Limited | ₹34.12 Lakh (FY 2024) | 37809.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mag Wheels India Private Limited, buy the company report.
Auditor
Mag Wheels India Private Limited is audited by ANUPAM BARUAH AND CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANUPAM BARUAH AND CO. | FY 2017 | 320223E |
Shareholding
The shareholding of Mag Wheels India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mag Wheels India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mag Wheels 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 Mag Wheels India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mag Wheels India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAJCM8585C1Z2 | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mag Wheels India Private Limited, buy the company report.
Recent activity
Mag Wheels India Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Ponci Khaund ceased to be Additional Director on 30 Sep 2022.
AGM
Mag Wheels India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mag Wheels India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Guwahati.
Ceased
Ponci Khaund ceased to be Additional Director.
Appointed
Ponci Khaund was appointed as Director.
Ceased
Anumai Bordoloi ceased to be Director.
Appointed
Mrigaraj Borkakati was appointed as Director.
Incorporation
15 Jul 2015
Mag Wheels India Private Limited was registered on 15 Jul 2015 with Roc Guwahati & aged 11 years 3 months as per MCA records.
Frequently asked questions
Mag Wheels India is an active private limited company based in Khetri, Assam, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 15 July 2015 (11+ years old) and is registered under CIN U50400AS2015PTC012160.
Mag Wheels India has 2 current directors:
- Mrigaraj Borkakati - Director
- Ponci Khaund - Director
The latest financial statements of Mag Wheels 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 FY 2016 are in the company report.
The GSTIN of Mag Wheels India is 18AAJCM8585C1Z2, registered in Assam.
The CIN (Corporate Identification Number) of Mag Wheels India is U50400AS2015PTC012160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mag Wheels India was incorporated on 15 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Guwahati.
The peers of Mag Wheels India by revenue are Priyvand Technology Private Limited, Radu Real Estates & Construction Private Limited, Roseberry Investment Consultants Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Ponci Khaund ceased to be Additional Director on 30 Sep 2022. Ponci Khaund was appointed as Director on 02 Aug 2022. Anumai Bordoloi ceased to be Director on 07 Mar 2022. Mag Wheels India has 4 board changes on record in total.
Yes, Mag Wheels India is registered as a micro enterprise under Udyam registration (number: UDYAM-AS-03-0013288).
The registered office of Mag Wheels India is at Bhogpur Opposite College Gate N.H. 37, Khetri, Assam, India – 782403.
Mag Wheels India operates in the financial services industry, in the diversified financial services segment.