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Magenta Connect Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹82.36 Lakh
▲ 41% YoY
Net loss · FY 2024
₹1.65 Cr
Net margin -200.8%
EBITDA · FY 2024
-₹1.47 Cr
EBITDA margin -178.4%
Authorised capital
₹13 Lakh
Registered with MCA
Paid-up capital
₹10.59 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
1
Provident fund records
Directors on board
2
As per MCA filings
About Magenta Connect Private Limited
Data last updated:
Magenta Connect Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 31 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2018PTC103799. Its GSTIN is 24AAMCM0393D1ZM (Gujarat).
The company has an authorised share capital of ₹13 Lakh and a paid-up capital of ₹10.59 Lakh. It is led by directors Mundhra Vikas and Vikalp Somani.
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 C/602 Heritage Sky B/H Shivalik Prahaladnagar Garden, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2024, the company reported a revenue of ₹82.36 Lakh, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹1.65 Cr (net margin -200.8%) and EBITDA of -₹1.47 Cr (EBITDA margin -178.4%). Revenue has grown at a compounded annual rate (CAGR) of 128% over three years and 117% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 2 brands: Magenta BI and Magenta Insights. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.72 Cr; the latest was in January 2024.
Magenta Connect Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0200462). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magentabi.com.
Company details
CIN U72900GJ2018PTC103799
Registration Number 103799
Incorporation Date 31 August 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0200462
Key People
Mundhra Vikas Director Vikalp Somani Director Recognitions & Rankings of Magenta Connect
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0200462
Contact details
Magenta Connect Private Limited's registered office is in Ahmedabad, Gujarat. Its website is magentabi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC/602 Heritage Sky B/H Shivalik Prahaladnagar Garden, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Magenta Connect Private Limited, buy the company report.
Comprehensive company report
Magenta Connect Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Brands
Magenta Connect operates two associated brands: Magenta BI and Magenta Insights. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business analytics tool for sales, inventory, and payment reports in enterprises. | magentabi.com | |
| Provider of insights and reports that drive sales growth | magentainsights.io |
Business activity
The main business activity of Magenta Connect is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Magenta Connect Private Limited, buy the company report.
Financials of Magenta Connect Private Limited
FY 2024 filings availableMagenta Connect Private Limited reported revenue of ₹82.36 Lakh (up 41% YoY) for FY 2024.
Revenue · FY 2024
₹82.36 Lakh ▲ 41%
Net loss · FY 2024
₹1.65 Cr margin -200.8%
EBITDA · FY 2024
-₹1.47 Cr margin -178.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 128%
5 years · compounded
▲ 117%
EBITDA CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 107%
5 years · compounded
▼ 217%
Revenue has grown at a compounded annual rate (CAGR) of 117% over five years, including 41% growth in the latest year. EBITDA fell 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹82.36 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.65 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -178.4% | ||||
| Net Profit Margin | -200.8% | ||||
| 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 Magenta Connect Private Limited, buy the company report.
Board of directors of Magenta Connect Private Limited
Magenta Connect has 2 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 |
|---|---|---|---|---|
| Mundhra Vikas | Director | 31 Aug 2018 | 8 Years 2 Months | Current |
| Vikalp Somani | Director | 10 Jun 2020 | 6 Years 4 Months | Current |
Auditor
Magenta Connect Private Limited is audited by Umangi Bhavsar & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Umangi Bhavsar & Associates | FY 2024 | 155999W |
Shareholding
The shareholding of Magenta Connect Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magenta Connect Private Limited, buy the company report.
Deals & funding
Magenta Connect Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.72 Cr; the latest was in January 2024.
Total deals
7
Funding rounds
3
Secondary share transfers
3
Rights issue
1
Disclosed funding
₹2.72 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2022 | Funding round | ₹1.5 Cr | Investors: Earth Syscom Private Limited , Kaka Industries Private Limited, an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Oct 2021 | Funding round | ₹40.1 Lakh | Investors: 4 individuals |
| Oct 2020 | Funding round | ₹82 Lakh | Investors: IIMA Ventures (IIMA-CIIE), 3 individuals |
To see the full deal history of Magenta Connect Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Magenta Connect Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North, Delhi | Civil suit | Filed against the company by SH Shammi Agarwal Prop of Pansari Industries | Pending |
To see the full case history of Magenta Connect 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 Magenta Connect Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magenta Connect Private Limited has a workforce of 1 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Magenta Connect has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCM0393D1ZM | Gujarat | Active | 29 Sep 2018 |
To see the full GST registrations and return filing status of Magenta Connect Private Limited, buy the company report.
Recent activity
Magenta Connect Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Neelam Devi Mundhara ceased to be Director on 13 Mar 2021.
AGM
Magenta Connect Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Magenta Connect Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Neelam Devi Mundhara ceased to be Director.
Appointed
Vikalp Somani was appointed as Director.
Appointed
Mundhra Vikas was appointed as Director.
Appointed
Neelam Devi Mundhara was appointed as Director.
Incorporation
31 Aug 2018
Magenta Connect Private Limited was registered on 31 Aug 2018 with Roc Ahmedabad & aged 8 years 2 months as per MCA records.
Frequently asked questions
Magenta Connect is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 31 August 2018 (8+ years old) and is registered under CIN U72900GJ2018PTC103799.
Magenta Connect has 2 current directors:
- Mundhra Vikas - Director
- Vikalp Somani - Director
The latest financial statements of Magenta Connect 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 FY 2019 are in the company report.
The GSTIN of Magenta Connect is 24AAMCM0393D1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Magenta Connect is U72900GJ2018PTC103799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magenta Connect has 1 court case on record: 1 filed against it. 1 is pending.
Magenta Connect was incorporated on 31 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Magenta Connect has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.72 Cr; the latest was in January 2024.
Neelam Devi Mundhara ceased to be Director on 13 Mar 2021. Vikalp Somani was appointed as Director on 10 Jun 2020. Mundhra Vikas was appointed as Director on 31 Aug 2018. Magenta Connect has 4 board changes on record in total.
Yes, Magenta Connect is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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