DPIIT recognised startup Government of India
Startup India
Mag5 Innovations Private Limited
Mag5 Innovations Private Limited - consumer goods in Murbad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.89 Cr
▲ 6648% YoY
Net profit · FY 2025
₹18.67 Lakh
Net margin 3.8%
EBITDA · FY 2025
₹29.81 Lakh
EBITDA margin 6.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹7.5 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
7
Provident fund records
About Mag5 Innovations Private Limited
Data last updated:
Mag5 Innovations Private Limited is a private limited company based in Murbad, Maharashtra, India, recognised as a startup by DPIIT. It operates in the sports equipment manufacturing segment of the consumer goods sector. It was incorporated on 09 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2020PTC349811. Its GSTIN is 27AAOCM1237A1ZR (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Ameya Narendra Hete and Wursten Anslem Dsilva.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. L – 8 Additional MIDC Murbad Udavali, Maharashtra, India – 421401.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.89 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹18.67 Lakh (net margin 3.8%) and EBITDA of ₹29.81 Lakh (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.5 Cr on record.
Mag5 Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0080277).
Company details
CIN U29309MH2020PTC349811
Registration Number 349811
Incorporation Date 09 November 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0080277
Recognitions & Rankings of Mag5 Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0080277
Contact details
Mag5 Innovations Private Limited's registered office is in Murbad, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. L – 8 Additional MIDC Murbad Udavali, Maharashtra, India – 421401
- IndustryConsumer Goods, Sports Equipment Manufacturing
To see the full contact details of Mag5 Innovations Private Limited, buy the company report.
Comprehensive company report
Mag5 Innovations 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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Business activity
The main business activity of Mag5 Innovations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mag5 Innovations Private Limited, buy the company report.
Financials of Mag5 Innovations Private Limited
FY 2025 filings availableMag5 Innovations Private Limited reported revenue of ₹4.89 Cr (up 6648% YoY) for FY 2025.
Revenue · FY 2025
₹4.89 Cr ▲ 6648%
Net profit · FY 2025
₹18.67 Lakh margin 3.8%
EBITDA · FY 2025
₹29.81 Lakh margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 886%
3 years · compounded
▲ 146%
Revenue has grown at a compounded annual rate (CAGR) of 33% over three years. EBITDA rose 886% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹29.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.67 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Mag5 Innovations Private Limited, buy the company report.
Board of directors of Mag5 Innovations Private Limited
Mag5 Innovations has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ameya Narendra Hete Also directs: Swamisamarth Developers LLP, Naamam Developers LLP, Sky N Land Insights LLP and 5 more | Director | 18 Sep 2024 | 2 Years 1 Months | Current |
| Wursten Anslem Dsilva | Director | 24 May 2023 | 3 Years 5 Months | Current |
Auditor
Mag5 Innovations Private Limited is audited by SPDS & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SPDS & ASSOCIATES LLP | FY 2023 | W100383 |
Shareholding
The shareholding of Mag5 Innovations Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mag5 Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2025 | 101070020 | Others | ₹7.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Mag5 Innovations 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
Mag5 Innovations Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sai Samarth | |||
| an individual supplier | |||
| V R Interactive Solutions Private Limited | |||
| Airvision Technologies Private Limited |
To see the full MSME payment records of Mag5 Innovations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mag5 Innovations Private Limited has a workforce of 7 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
75%
GST
Mag5 Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCM1237A1ZR | Maharashtra | Active | 11 Feb 2021 |
To see the full GST registrations and return filing status of Mag5 Innovations Private Limited, buy the company report.
Recent activity
Mag5 Innovations Private Limited has 6 board changes on record since 2023: 2 appointments and 4 cessations. The latest: Ameya Narendra Hete ceased to be Additional Director on 27 Mar 2025.
AGM
Mag5 Innovations Private Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Filing
Mag5 Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Ameya Narendra Hete ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 101070020 was registered on 06 Jan 2025.
Ceased
Ravi Kumar ceased to be Director.
Appointed
Ameya Narendra Hete was appointed as Director.
Ceased
Wursten Anslem Dsilva ceased to be Additional Director.
Ceased
Anil Chandrakant Girkar ceased to be Director.
Appointed
Wursten Anslem Dsilva was appointed as Director.
Incorporation
09 Nov 2020
Mag5 Innovations Private Limited was registered on 09 Nov 2020 with Roc Mumbai Ii & aged 5 years 11 months as per MCA records.
Frequently asked questions
Mag5 Innovations is an active private limited company based in Murbad, Maharashtra, India. The company works in sports equipment manufacturing, within the consumer goods industry. It was incorporated on 09 November 2020 (6+ years old) and is registered under CIN U29309MH2020PTC349811.
Mag5 Innovations has 2 current directors:
- Ameya Narendra Hete - Director
- Wursten Anslem Dsilva - Director
The latest financial statements of Mag5 Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Mag5 Innovations is 27AAOCM1237A1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mag5 Innovations is U29309MH2020PTC349811. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mag5 Innovations was incorporated on 09 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Ameya Narendra Hete ceased to be Additional Director on 27 Mar 2025. Ravi Kumar ceased to be Director on 25 Oct 2024. Ameya Narendra Hete was appointed as Director on 18 Sep 2024. Mag5 Innovations has 6 board changes on record in total.
Yes, Mag5 Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mag5 Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0080277).
Mag5 Innovations has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.
The registered office of Mag5 Innovations is at Plot No. L – 8 Additional MIDC Murbad Udavali, Maharashtra, India – 421401.
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