Magan Services Private Limited
About Magan Services Private Limited
Data last updated:
Magan Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 05 December 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2022PTC168628.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nagashree Bhaskar Babu and Manu Kumar Hanumanthappa Challegatta.
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 No 47 Venkatadri Nilaya 3rd Floor 1st Main, 5th B Cross Satellite Town Na Kengeri Bangalore Karnataka India 560060., Karnataka, India – 560060.
As per the financials filed for FY 2023, the company reported a revenue of ₹39.14 Cr. For the same year it recorded a net profit of ₹4.11 Cr (net margin 10.5%) and EBITDA of -₹37.01 Cr (EBITDA margin -94.6%).
As per MCA filings, the company has open charges of ₹3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magan Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo 47 Venkatadri Nilaya 3rd Floor 1st Main, 5th B Cross Satellite Town Na Kengeri Bangalore Karnataka India 560060., Karnataka, India – 560060
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Magan Services Private Limited, buy the company report.
- 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
Financials of Magan Services Private Limited
FY 2025 filings availableMagan Services Private Limited reported revenue of ₹39.14 Cr for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹39.14 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹37.01 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹4.11 Cr |
| 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 2022-23 |
|---|---|
| Profitability | |
| EBITDA Margin | -94.6% |
| Net Profit Margin | 10.5% |
| 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 Magan Services Private Limited, buy the company report.
Board of directors of Magan Services Private Limited
Magan Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagashree Bhaskar Babu Also directs: Sgsvk Hospitality Private Limited | Director | 05 Dec 2022 | 3 Years 10 Months | Current |
| Manu Kumar Hanumanthappa Challegatta Also directs: Rajeshwari Aashirvad Infra Projects Private Limited | Director | 05 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Magan Services Private Limited is audited by ASHOK & VANRAJ for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK & VANRAJ | FY 2023 | 014386S |
Shareholding
The shareholding of Magan Services Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Magan Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2024 | 100947320 | Others | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magan Services 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 Magan Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magan Services Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
No GST registration is on our record for Magan Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magan Services Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Manu Kumar Hanumanthappa Challegatta was appointed as Director on 05 Dec 2022.
Frequently asked questions
Magan Services is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 05 December 2022 (4+ years old) and is registered under CIN U74999KA2022PTC168628.
Magan Services has 2 current directors:
- Nagashree Bhaskar Babu - Director
- Manu Kumar Hanumanthappa Challegatta - Director
The latest financial statements of Magan Services 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 FY 2023 are in the company report.
The CIN (Corporate Identification Number) of Magan Services is U74999KA2022PTC168628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magan Services was incorporated on 05 December 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Manu Kumar Hanumanthappa Challegatta was appointed as Director on 05 Dec 2022. Nagashree Bhaskar Babu was appointed as Director on 05 Dec 2022.
The registered office of Magan Services is at No 47 Venkatadri Nilaya 3rd Floor 1st Main, 5th B Cross Satellite Town Na Kengeri Bangalore Karnataka India 560060., Karnataka, India – 560060.
Magan Services operates in the business outsourcing industry, in the business and IT consulting segment.
Magan Services has open charges of ₹3 Cr and no satisfied charges on record as per latest MCA filings.
The compliance status of Magan Services is compliant as of 10 July 2026. The company is actively filing with the Registrar of Companies.