MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0113360
Magal Engineering Co India Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.75 Cr
▲ 145% YoY
Net profit · FY 2025
₹9.43 Lakh
Net margin 1%
EBITDA · FY 2025
₹23.87 Lakh
EBITDA margin 2.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹97.38 Lakh
Issued & subscribed
Open charges
₹1.07 Cr
Satisfied ₹2.69 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
8
Provident fund records
About Magal Engineering Co India Private Limited
Data last updated:
Magal Engineering Co India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 01 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02922KA1999PTC025662. Its GSTIN is 29AABCM9083D1ZA (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹97.38 Lakh. It was formerly known as Magal Lvd India Private Limited and Magal Engineering Co. Private Limited. It is led by directors including Magal Krishnaswamy Narasinga Rao (Managing Director) and Sheila Narasinga Rao.
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 Bhagyashree 2nd Floor No. 264/75 2nd Main 36th Cross 8th Block Jayanagar, Bangalore, Karnataka, India – 560070.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.75 Cr, a growth of 145% compared to the previous year. For the same year it recorded a net profit of ₹9.43 Lakh (net margin 1%) and EBITDA of ₹23.87 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 22% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.07 Cr and satisfied charges of ₹2.69 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Magal Engineering Co India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0113360). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magal.co.in.
Company details
CIN U02922KA1999PTC025662
Registration Number 025662
Incorporation Date 01 September 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0113360
Name history
Magal Engineering Co India has undergone 2 name changes throughout its history. The company was previously known as Magal Lvd India Private Limited, and Magal Engineering Co. Private Limited. The current legal name is Magal Engineering Co India Private Limited.
| Company Name | Status |
|---|---|
| Magal Engineering Co India Private Limited | Current |
| Magal Lvd India Private Limited | Previous |
| Magal Engineering Co. Private Limited | Previous |
Key People
Magal Krishnaswamy Narasinga Rao Managing Director Skanda Narasinga Rao Magal Additional Director Sheila Narasinga Rao Director Recognitions & Rankings of Magal Engineering Co India
Contact details
Magal Engineering Co India Private Limited's registered office is in Bangalore, Karnataka. Its website is magal.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressBhagyashree 2nd Floor No. 264/75 2nd Main 36th Cross 8th Block Jayanagar, Bangalore, Karnataka, India – 560070
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Magal Engineering Co India Private Limited, buy the company report.
Comprehensive company report
Magal Engineering Co 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
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Business activity
The main business activity of Magal Engineering Co India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Magal Engineering Co India Private Limited, buy the company report.
Financials of Magal Engineering Co India Private Limited
FY 2024 filings availableMagal Engineering Co India Private Limited reported revenue of ₹9.75 Cr (up 145% YoY) for FY 2025.
Revenue · FY 2025
₹9.75 Cr ▲ 145%
Net profit · FY 2025
₹9.43 Lakh margin 1%
EBITDA · FY 2025
₹23.87 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 145%
3 years · compounded
▲ 41%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 7%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 145% growth in the latest year. EBITDA rose 1% 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 |
|---|---|---|---|---|---|
| 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 | ₹23.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.43 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 1% | ||||
| 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 Magal Engineering Co India Private Limited, buy the company report.
Board of directors of Magal Engineering Co India Private Limited
Magal Engineering Co India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Skanda Narasinga Rao Magal Also directs: Deratech Machines India Private Limited | Additional Director | 19 May 2025 | 1 Years 5 Months | Current |
| Magal Krishnaswamy Narasinga Rao | Managing Director | 01 Sep 1999 | 27 Years 2 Months | Current |
| Sheila Narasinga Rao | Director | 01 Sep 1999 | 27 Years 2 Months | Current |
Auditor
Magal Engineering Co India Private Limited is audited by GUNASHEELA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUNASHEELA & ASSOCIATES | FY 2023 | 011931S |
Shareholding
The shareholding of Magal Engineering Co India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magal Engineering Co India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.07 Cr
Satisfied charges
₹2.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2024 | 101048269 | Hdfc Bank Limited | ₹18 Lakh | Open | |
| 23 Aug 2021 | 100504876 | Hdfc Bank Limited | ₹8.58 Lakh | Open | |
| 23 Jul 2014 | 10511073 | Hdfc Bank Limited | ₹80 Lakh | Open | |
| 30 Mar 2013 | 10415762 | Intec Capital Limited | ₹70 Lakh | Satisfied | |
| 10 Aug 2011 | 10346597 | Hdfc Bank Limited | ₹95 Lakh | Satisfied |
To see the full charge records of Magal Engineering Co India Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Magal Engineering Co India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Magal Engineering Co India Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magal Engineering Co India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magal Engineering Co India Private Limited has a workforce of 8 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
-11.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 8 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Magal Engineering Co India Private Limited, buy the company report.
GST
Magal Engineering Co India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM9083D1ZA | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magal Engineering Co India Private Limited, buy the company report.
Recent activity
Magal Engineering Co India Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Skanda Narasinga Rao Magal was appointed as Additional Director on 19 May 2025.
Appointed
Skanda Narasinga Rao Magal was appointed as Additional Director.
AGM
Magal Engineering Co India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101048269 was registered on 15 Jun 2024.
Filing
Magal Engineering Co India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100504876 was registered on 23 Aug 2021.
Charges
A charge registered on 10 Aug 2011 via Charge ID 10346597 with Hdfc Bank Limited was fully satisfied on 02 Dec 2020.
Ceased
Gururaj Agnihotri ceased to be Director.
Charges
A charge registered on 30 Mar 2013 via Charge ID 10415762 with Intec Capital Limited was fully satisfied on 04 Sep 2015.
Charges
A charge registered on 28 Dec 2007 via Charge ID 10080009 with Indian Bank was fully satisfied on 12 Dec 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.80 Cr with Charge ID 10511073 was registered on 23 Jul 2014.
Charges
A charge with Intec Capital Limited amounted to Rs. 0.70 Cr with Charge ID 10415762 was registered on 30 Mar 2013.
Charges
A charge registered on 10 Sep 2009 via Charge ID 10180748 with Indian Bank was fully satisfied on 24 Aug 2012.
12 earlier events are in the company report.
Frequently asked questions
Magal Engineering Co India is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 01 September 1999 (27+ years old) and is registered under CIN U02922KA1999PTC025662.
Magal Engineering Co India has 3 current directors:
- Magal Krishnaswamy Narasinga Rao - Managing Director
- Skanda Narasinga Rao Magal - Additional Director
- Sheila Narasinga Rao - Director
The latest financial statements of Magal Engineering Co 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 Magal Engineering Co India is 29AABCM9083D1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Magal Engineering Co India is U02922KA1999PTC025662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magal Engineering Co India has 2 court cases on record: 2 filed against it.
Magal Engineering Co India was incorporated on 01 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Skanda Narasinga Rao Magal was appointed as Additional Director on 19 May 2025. Gururaj Agnihotri ceased to be Director on 27 Jul 2017. Magal Krishnaswamy Narasinga Rao was appointed as Managing Director on 01 Sep 1999. Magal Engineering Co India has 4 board changes on record in total.
Yes, Magal Engineering Co India is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0113360).
Magal Engineering Co India can be reached through the website magal.co.in. Its registered office is in Bangalore, Karnataka, India.
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