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Magenta EV Solutions Private Limited - automotive in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹83.07 Cr
▲ 89% YoY
Net loss · FY 2025
₹63.22 Cr
Net margin -76.1%
EBITDA · FY 2025
-₹31.73 Cr
EBITDA margin -38.2%
Authorised capital
₹27.55 Lakh
Registered with MCA
Paid-up capital
₹17.41 Lakh
Issued & subscribed
Open charges
₹62.38 Cr
Satisfied ₹3.31 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
406
Provident fund records
About Magenta EV Solutions Private Limited
Data last updated:
Magenta EV Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 15 February 2018 and has been in existence for over 8 years.
Its director Kiran C Patel is #641 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40107MH2018PTC305106. Its GSTIN is 27AALCM6157A1ZH (Maharashtra). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹27.55 Lakh and a paid-up capital of ₹17.41 Lakh. It is led by directors including Maxson Alexander Lewis and Kiran Chhotubhai Patel.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. D – 285 MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.07 Cr, a growth of 89% compared to the previous year. For the same year it recorded a net loss of ₹63.22 Cr (net margin -76.1%) and EBITDA of -₹31.73 Cr (EBITDA margin -38.2%). Revenue has grown at a compounded annual rate (CAGR) of 135% over three years and 175% over five years.
The company has about 406 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Magenta Mobility. As per MCA filings, the company has open charges of ₹62.38 Cr and satisfied charges of ₹3.31 Cr on record. Court records list 37 cases involving the company, including 3 filed by the company and 34 filed against it; 13 cases are pending. The company has 18 deals on record (11 funding rounds, 5 secondary share transfers, 1 debt financing), with disclosed funding of ₹339.25 Cr; the latest was in May 2025. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 276 overdue payments to 70 micro and small suppliers.
Magenta EV Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0053532). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magentamobility.com.
Company details
CIN U40107MH2018PTC305106
Registration Number 305106
Incorporation Date 15 February 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0053532
Key People
Sujit Cherian Ceo Maxson Alexander Lewis Director Kiran Chhotubhai Patel Nominee Director Recognitions & Rankings of Magenta EV Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0053532
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #641 Kiran C Patel ₹5,000 Cr
Contact details
Magenta EV Solutions Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is magentamobility.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. D – 285 MIDC Turbhe, Navi Mumbai, Maharashtra, India – 400705
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Magenta EV Solutions Private Limited, buy the company report.
Comprehensive company report
Magenta EV 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
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Secure checkout · GST invoice included
Brands
Magenta EV Solutions operates one associated brand: Magenta Mobility. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric mobility solutions are provided for logistics delivery operations. | magentamobility.com |
Business activity
The main business activities of Magenta EV Solutions are manufacturing and transport and storage. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and land transport via road. 2 activity segments are registered with the MCA.
| 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 | |
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Magenta EV Solutions Private Limited, buy the company report.
Financials of Magenta EV Solutions Private Limited
FY 2025 filings availableMagenta EV Solutions Private Limited reported revenue of ₹83.07 Cr (up 89% YoY) for FY 2025.
Revenue · FY 2025
₹83.07 Cr ▲ 89%
Net loss · FY 2025
₹63.22 Cr margin -76.1%
EBITDA · FY 2025
-₹31.73 Cr margin -38.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 89%
3 years · compounded
▲ 135%
5 years · compounded
▲ 175%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 38%
5 years · compounded
▼ 165%
Revenue has grown at a compounded annual rate (CAGR) of 175% over five years, including 89% growth in the latest year. EBITDA fell 9% 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 |
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| EBITDA | -₹31.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.22 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -38.2% | ||||
| Net Profit Margin | -76.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Magenta EV Solutions Private Limited, buy the company report.
Board of directors and KMP of Magenta EV Solutions Private Limited
Magenta EV Solutions Private Limited currently reports 4 directors and 2 key managerial personnel. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maxson Alexander Lewis Also directs: Betterme Ventures Private Limited, Skrapnest Recyclers Private Limited, Magenta Power Private Limited and 5 more | Director | 15 Feb 2018 | 8 Years 8 Months | Current |
| Kiran Chhotubhai Patel Also directs: Anupam Rasayan India Limited, Axiom Energy Conversion Limited, DRS. Pallavi & Kiran Patel Academy Private Limited and 3 more | Nominee Director | 08 May 2021 | 5 Years 5 Months | Current |
| Sophia Isabella Marie Nadur | Nominee Director | 07 Apr 2023 | 3 Years 6 Months | Current |
| Sujit Cherian Also directs: Magenta Power Private Limited | Ceo | 29 Oct 2025 | 0 Years 11 Months | Current |
| Pranjul Gupta | Company Secretary | 29 Sep 2025 | 1 Years 0 Months | Current |
| Shyamsundar Sundaresan Gurumoorthy | Nominee Director | 09 May 2023 | 3 Years 5 Months | Current |
Auditor
Magenta EV Solutions Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Magenta EV Solutions 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 Magenta EV Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹62.38 Cr
Satisfied charges
₹3.31 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2025 | 101100294 | Others | ₹15 Cr | Open | |
| 23 Nov 2023 | 100836893 | Axis Bank Limited | ₹10 Cr | Open | |
| 22 Sep 2023 | 100783992 | Sidbi | ₹15 Cr | Open | |
| 22 Aug 2023 | 100774714 | Others | ₹37.14 Lakh | Open | |
| 31 Jul 2023 | 100759644 | Others | ₹37.14 Lakh | Open |
To see the full charge records of Magenta EV Solutions Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Magenta EV Solutions Private Limited has 18 deals on record (11 funding rounds, 5 secondary share transfers, 1 debt financing), with disclosed funding of ₹339.25 Cr; the latest was in May 2025.
Total deals
18
Funding rounds
11
Secondary share transfers
5
Debt financing
1
Acquisition
1
Disclosed funding
₹339.25 Cr
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Mahati Hydro Power Vidharbha Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: NSM Lifestyle LLP , Meche Pvt Ltd Seller: 2 individuals |
| Dec 2020 | Funding round · Series A | ₹8.83 Cr | Investors: LVX (LetsVenture), Mahati Hydro Power Vidharbha Private Limited , Singhvi Heritage LLP , an individual |
| Nov 2019 | Funding round · Seed | ₹99.1 Lakh | Investors: Hindustan Petroleum Corporation Limited |
| Feb 2019 | Acquisition | ₹14.16 Cr | Buyer: an individual Seller: Magenta Power Private Limited , an individual |
To see the full deal history of Magenta EV Solutions 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 EV Solutions Private Limited has 37 court cases on record: 3 filed by Magenta EV Solutions, 34 filed against it. 13 cases are pending and 24 are disposed.
Total cases
37
Filed by the company
3
Filed against the company
34
Pending
13
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 34 | 13 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by State Governments | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against State of Maharashtra | Pending |
To see the full case history of Magenta EV Solutions 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
Magenta EV Solutions Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 276 overdue payments to 70 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 70)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Sun Mobility Private Limited | |||
| Exponent Energy Private Limited | |||
| Neec Electrotech Private Limited |
To see the full MSME payment records of Magenta EV Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Magenta EV Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Magenta Power Private Limited | U40300MH2017PTC296161 |
To see the full group structure of Magenta EV Solutions Private Limited, buy the company report.
Employees & EPFO
Magenta EV Solutions Private Limited has a workforce of 406 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
406
Active EPFO establishments
1
Employee growth
35.79%
GST
Magenta EV Solutions has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM6157A1ZH | Maharashtra | Active | 08 Jun 2018 |
| 29AALCM6157A1ZD | Karnataka | Active | 08 Sep 2021 |
| 36AALCM6157A1ZI | Telangana | Active | 27 Jun 2022 |
| 07AALCM6157A1ZJ | Delhi | Active | 19 Sep 2022 |
To see the full GST registrations and return filing status of Magenta EV Solutions Private Limited, buy the company report.
Recent activity
Magenta EV Solutions Private Limited has 10 board changes on record since 2018: 8 appointments and 2 cessations. The latest: Sujit Cherian was appointed as CEO on 29 Oct 2025.
Appointed
Sujit Cherian was appointed as CEO.
AGM
Magenta Ev Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Pranjul Gupta was appointed as Company Secretary.
Charges
A charge registered on 06 Jul 2021 via Charge ID 100461665 with Hdfc Bank Limited was fully satisfied on 02 Sep 2025.
Ceased
Darryl Dennis Dias ceased to be Director.
Charges
A charge registered on 04 Jun 2021 via Charge ID 100457373 with Others was fully satisfied on 18 Jun 2025.
Filing
Magenta Ev Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1,500.00 Lakh with Charge ID 101100294 was registered on 05 Mar 2025.
Charges
A charge registered on 30 Dec 2020 via Charge ID 100472068 with Others was fully satisfied on 13 Mar 2024.
Charges
A charge registered on 25 Jan 2021 via Charge ID 100469095 with Others was fully satisfied on 16 Jan 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,000.00 Lakh with Charge ID 100836893 was registered on 23 Nov 2023.
Charges
A charge with Sidbi amounted to Rs. 1,500.00 Lakh with Charge ID 100783992 was registered on 22 Sep 2023.
28 earlier events are in the company report.
News
Frequently asked questions
Magenta EV Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 15 February 2018 (8+ years old) and is registered under CIN U40107MH2018PTC305106.
Magenta EV Solutions has 6 current directors and KMP:
- Maxson Alexander Lewis - Director
- Kiran Chhotubhai Patel - Nominee Director
- Sophia Isabella Marie Nadur - Nominee Director
- Shyamsundar Sundaresan Gurumoorthy - Nominee Director
- Sujit Cherian - Ceo
- Pranjul Gupta - Company Secretary
The latest financial statements of Magenta EV Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Magenta EV Solutions is 27AALCM6157A1ZH, registered in Maharashtra. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 29AALCM6157A1ZD (Karnataka), 36AALCM6157A1ZI (Telangana), 07AALCM6157A1ZJ (Delhi).
The CIN (Corporate Identification Number) of Magenta EV Solutions is U40107MH2018PTC305106. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magenta EV Solutions has 37 court cases on record: 3 filed by the company and 34 filed against it. 13 are pending. Most are in the district courts.
Magenta EV Solutions was incorporated on 15 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Magenta EV Solutions has 18 deals on record (11 funding rounds, 5 secondary share transfers, 1 debt financing), with disclosed funding of ₹339.25 Cr; the latest was in May 2025.
Sujit Cherian was appointed as CEO on 29 Oct 2025. Pranjul Gupta was appointed as Company Secretary on 29 Sep 2025. Darryl Dennis Dias ceased to be Director on 25 Aug 2025. Magenta EV Solutions has 10 board changes on record in total.
Yes, Magenta EV Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Magenta EV Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0053532).