MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-10-0009244
Magal Security Systems (India) Limited - business services in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.49 Cr
▼ 29% YoY
Net profit · FY 2024
₹46.01 Lakh
Net margin 4%
EBITDA · FY 2024
₹82.3 Lakh
EBITDA margin 7.2%
Authorised capital
₹1.35 Cr
Registered with MCA
Paid-up capital
₹1.22 Cr
Issued & subscribed
Company age
14 yrs
Est. 2012
Employees · EPFO
25
Provident fund records
Directors on board
3
As per MCA filings
About Magal Security Systems (India) Limited
Data last updated:
Magal Security Systems (India) Limited is a public limited foreign company incorporated in india based in New Delhi, Delhi, India, a subsidiary of Magal Security Systems Limited. It operates in the security and surveillance segment of the business services sector. It was incorporated on 24 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U93000DL2012FLC240877. Its GSTIN is 07AAECV1501C1ZZ (Delhi).
The company has an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹1.22 Cr. It was formerly known as Veecon Magal Security Systems Limited. It is led by directors including Sandeep Varadan Nair and Neelabh Ayodhya Singh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 225 2nd Floor D – 21 Corporate Park Sector – 21 Dwarka, New Delhi, Delhi, India – 110075.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.49 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹46.01 Lakh (net margin 4%) and EBITDA of ₹82.3 Lakh (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
Magal Security Systems (India) Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-10-0009244). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magalsolutions.com.
Company details
CIN U93000DL2012FLC240877
Registration Number 240877
Incorporation Date 24 August 2012
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Magal Security Systems Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-10-0009244
Recognitions & Rankings of Magal Security Systems (India)
Contact details
Magal Security Systems (India) Limited's registered office is in New Delhi, Delhi. Its website is magalsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address225 2nd Floor D – 21 Corporate Park Sector – 21 Dwarka, New Delhi, Delhi, India – 110075
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Magal Security Systems (India) Limited, buy the company report.
Comprehensive company report
Magal Security Systems (India) 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 Magal Security Systems (India) is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Magal Security Systems (India) Limited, buy the company report.
Financials of Magal Security Systems (India) Limited
FY 2025 filings availableMagal Security Systems (India) Limited reported revenue of ₹11.49 Cr (down 29% YoY) for FY 2024.
Revenue · FY 2024
₹11.49 Cr ▼ 29%
Net profit · FY 2024
₹46.01 Lakh margin 4%
EBITDA · FY 2024
₹82.3 Lakh margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▼ 5%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 18%
5 years · compounded
▲ 112%
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 50% 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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| EBITDA | ₹82.3 Lakh | ||||
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| Net Profit (PAT) | ₹46.01 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.2% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Magal Security Systems (India) Limited, buy the company report.
Board of directors of Magal Security Systems (India) Limited
Magal Security Systems (India) has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Varadan Nair | Director | 09 Jul 2020 | 6 Years 3 Months | Current |
| Neelabh Ayodhya Singh | Director | 09 Jul 2020 | 6 Years 3 Months | Current |
| Eran Gabay | Director | 16 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Magal Security Systems (India) Limited is audited by JAIN JINDAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN JINDAL & CO. | FY 2023 | 025817N |
Shareholding
The shareholding of Magal Security Systems (India) 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 Security Systems (India) Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magal Security Systems (India) 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 Magal Security Systems (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magal Security Systems (India) Limited has a workforce of 25 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
8.7%
GST
Magal Security Systems (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECV1501C1ZZ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magal Security Systems (India) Limited, buy the company report.
Recent activity
Magal Security Systems (India) Limited has 19 board changes on record since 2013: 4 appointments and 15 cessations. The latest: Eran Gabay ceased to be Additional Director on 29 Sep 2024.
AGM
Magal Security Systems (India) Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magal Security Systems (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Eran Gabay ceased to be Additional Director.
Appointed
Eran Gabay was appointed as Director.
Ceased
Arnon Yaakov Bram ceased to be Additional Director.
Appointed
Arnon Yaakov Bram was appointed as Director.
Ceased
Neelabh Ayodhya Singh ceased to be Additional Director.
Ceased
Sandeep Varadan Nair ceased to be Additional Director.
Ceased
Jaswant Kumar Srivastava ceased to be Director.
Ceased
Lalit Kumar Srivastava ceased to be Director.
Appointed
Neelabh Ayodhya Singh was appointed as Director.
Appointed
Sandeep Varadan Nair was appointed as Director.
10 earlier events are in the company report.
Frequently asked questions
Magal Security Systems (India) is an active public limited foreign company incorporated in india based in New Delhi, Delhi, India. The company works in security and surveillance, within the business services industry. It was incorporated on 24 August 2012 (14+ years old) and is registered under CIN U93000DL2012FLC240877.
Magal Security Systems (India) has 3 current directors:
- Sandeep Varadan Nair - Director
- Neelabh Ayodhya Singh - Director
- Eran Gabay - Director
The latest financial statements of Magal Security Systems (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Magal Security Systems (India) is 07AAECV1501C1ZZ, registered in Delhi.
The CIN (Corporate Identification Number) of Magal Security Systems (India) is U93000DL2012FLC240877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magal Security Systems (India) was incorporated on 24 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Eran Gabay ceased to be Additional Director on 29 Sep 2024. Eran Gabay was appointed as Director on 16 Jan 2024. Arnon Yaakov Bram ceased to be Additional Director on 30 Nov 2021. Magal Security Systems (India) has 19 board changes on record in total.
Yes, Magal Security Systems (India) is registered as a small enterprise under Udyam registration (number: UDYAM-DL-10-0009244).
Magal Security Systems (India) can be reached through the website magalsolutions.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Magal Security Systems (India) is at 225 2nd Floor D – 21 Corporate Park Sector – 21 Dwarka, New Delhi, Delhi, India – 110075.