MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-33-0350145
Magbini Heat Solutions Private Limited
Magbini Heat Solutions Private Limited - electrnoics in Vasai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹54.18 Lakh
▲ 156% YoY
Net loss · FY 2024
₹22.08 Lakh
Net margin -40.7%
EBITDA · FY 2024
-₹79,957
EBITDA margin -1.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹99.9 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Magbini Heat Solutions Private Limited
Data last updated:
Magbini Heat Solutions Private Limited is a private limited company based in Vasai, Maharashtra, India. It operates in the home appliances segment of the electronics sector. It was incorporated on 07 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2018PTC306073. Its GSTIN is 27AALCM7836N1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Neha Nishith Gandhi and Vishakha Bijal Gandhi.
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 Vasai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹54.18 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹22.08 Lakh (net margin -40.7%) and EBITDA of -₹79,957 (EBITDA margin -1.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
As per MCA filings, the company has open charges of ₹99.9 Lakh on record.
Magbini Heat Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0350145).
Company details
CIN U29309MH2018PTC306073
Registration Number 306073
Incorporation Date 07 March 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0350145
Key People
Neha Nishith Gandhi Director Vishakha Bijal Gandhi Director Nishith Harish Gandhi Director Recognitions & Rankings of Magbini Heat Solutions
Contact details
Magbini Heat Solutions Private Limited's registered office is in Vasai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address701 7th Floor Shanti Legacy, Besides Reliance Jio Petrol Pump, Vasai, Maharashtra, India – 401107
- IndustryElectrnoics, Home Appliance, Manufacturing
To see the full contact details of Magbini Heat Solutions Private Limited, buy the company report.
Comprehensive company report
Magbini Heat Solutions 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 Magbini Heat Solutions 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 Magbini Heat Solutions Private Limited, buy the company report.
Financials of Magbini Heat Solutions Private Limited
FY 2025 filings availableMagbini Heat Solutions Private Limited reported revenue of ₹54.18 Lakh (up 156% YoY) for FY 2024.
Revenue · FY 2024
₹54.18 Lakh ▲ 156%
Net loss · FY 2024
₹22.08 Lakh margin -40.7%
EBITDA · FY 2024
-₹79,957 margin -1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 156%
3 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 49%
3 years · compounded
▼ 35%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 9% over three years, including 156% growth in the latest year. EBITDA rose 49% 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 | -₹79,957 | ||||
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| Net Profit (PAT) | -₹22.08 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 | -1.5% | ||||
| Net Profit Margin | -40.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Magbini Heat Solutions Private Limited, buy the company report.
Board of directors of Magbini Heat Solutions Private Limited
Magbini Heat Solutions has 3 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 |
|---|---|---|---|---|
| Neha Nishith Gandhi | Director | 07 Mar 2018 | 8 Years 7 Months | Current |
| Vishakha Bijal Gandhi | Director | 07 Mar 2018 | 8 Years 7 Months | Current |
| Nishith Harish Gandhi | Director | 07 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Magbini Heat Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kgbind Manufacturing and Management Services Private Limited | ₹54.37 Lakh (FY 2025) | -24.0% | Dombivli East, Maharashtra, India | |||
| Cleanlife Technologies Private Limited | ₹54.27 Lakh (FY 2021) | Ahmedabad, Gujarat, India | ||||
| Swaezer Technologies Private Limited | ₹54.23 Lakh (FY 2020) | -12.0% | Sarjapura Road, Karnataka, India | |||
| Realgard International Private Limited | ₹54.21 Lakh (FY 2025) | -13.0% | Kanayannur, Kerala, India | |||
| Hridish Engineering and Controls Private Limited | ₹54.2 Lakh (FY 2025) | 66.0% | Panvel, Maharashtra, India | |||
| Magbini Heat Solutions Private Limitedthis company | ₹54.18 Lakh (FY 2024) | -₹22.08 Lakh | -40.7% | 156.0% | Vasai, Maharashtra, India | |
| Sardar Switchgear Private Limited | ₹54.17 Lakh (FY 2017) | 90.0% | Rajkot, Gujarat, India | |||
| Essence Engineering Private Limited | ₹54.15 Lakh (FY 2024) | -25.0% | Nahik, Maharashtra, India | |||
| Joshi Engimech Private Limited | ₹53.97 Lakh (FY 2020) | -68.0% | Rajkot, Gujarat, India | |||
| Amir Patel Crushing Solutions Private Limited | ₹53.93 Lakh (FY 2024) | Pune, Maharashtra, India | ||||
| Prospect Alliance Private Limited | ₹53.91 Lakh (FY 2025) | 18.0% | Delhi, India |
To see the full peer comparison of Magbini Heat Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹99.9 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 2023 | 100786790 | Others | ₹99.9 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magbini Heat Solutions 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 Magbini Heat Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magbini Heat Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM7836N1ZM | Maharashtra | Active | 09 Jun 2018 |
To see the full GST registrations and return filing status of Magbini Heat Solutions Private Limited, buy the company report.
Recent activity
Magbini Heat Solutions Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Harish Jayantilal Gandhi ceased to be Director on 01 Jun 2024.
AGM
Magbini Heat Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magbini Heat Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Harish Jayantilal Gandhi ceased to be Director.
Charges
A charge with Others amounted to Rs. 99.90 Lakh with Charge ID 100786790 was registered on 09 Aug 2023.
Ceased
Bijal Harish Gandhi ceased to be Director.
Appointed
Neha Nishith Gandhi was appointed as Director.
Appointed
Nishith Harish Gandhi was appointed as Director.
Appointed
Vishakha Bijal Gandhi was appointed as Director.
Incorporation
07 Mar 2018
Magbini Heat Solutions Private Limited was registered on 07 Mar 2018 with Roc Mumbai & aged 8 years 7 months as per MCA records.
Frequently asked questions
Magbini Heat Solutions is an active private limited company based in Vasai, Maharashtra, India. The company works in home appliance, within the electronics industry. It was incorporated on 07 March 2018 (8+ years old) and is registered under CIN U29309MH2018PTC306073.
Magbini Heat Solutions has 3 current directors:
- Neha Nishith Gandhi - Director
- Vishakha Bijal Gandhi - Director
- Nishith Harish Gandhi - Director
The latest financial statements of Magbini Heat Solutions 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 2018 are in the company report.
The GSTIN of Magbini Heat Solutions is 27AALCM7836N1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magbini Heat Solutions is U29309MH2018PTC306073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magbini Heat Solutions was incorporated on 07 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magbini Heat Solutions by revenue are Kgbind Manufacturing and Management Services Private Limited, Cleanlife Technologies Private Limited, Swaezer Technologies Private Limited, Realgard International Private Limited, Hridish Engineering and Controls Private Limited and 5 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Harish Jayantilal Gandhi ceased to be Director on 01 Jun 2024. Bijal Harish Gandhi ceased to be Director on 17 Jun 2020. Neha Nishith Gandhi was appointed as Director on 07 Mar 2018. Magbini Heat Solutions has 5 board changes on record in total.
Yes, Magbini Heat Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0350145).
The registered office of Magbini Heat Solutions is at 701 7th Floor Shanti Legacy, Besides Reliance Jio Petrol Pump, Vasai, Maharashtra, India – 401107.
Magbini Heat Solutions operates in the electronics industry, in the home appliance segment.