About Magga Solutions Private Limited
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Magga Solutions Private Limited was a private limited company based in Thrikkakara, Kerala, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the fashion retail segment of the fashion and textiles sector. It was incorporated on 09 December 2020.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74999KL2020PTC066258. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹50,000. It was led by directors Muraleedharan Ramaswamy and Rajendran Varuni.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 2A1 Holyfaith Foursquare Manor Behind Model Engineering College, Thrikkakara, Kerala, India – 682021.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.72 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹47,498 (net margin -8.3%) and EBITDA of ₹11,498 (EBITDA margin 2%).
The last known website on record is magga.in.
Company details
Contact details
Magga Solutions Private Limited's registered office is in Thrikkakara, Kerala. Its website is magga.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2A1 Holyfaith Foursquare Manor Behind Model Engineering College, Thrikkakara, Kerala, India – 682021
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Magga Solutions 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
Business activity
The main business activity of Magga Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Magga Solutions Private Limited
FY 2023 filings availableMagga Solutions Private Limited reported revenue of ₹5.72 Lakh (up 350% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 350% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹5.72 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹11,498 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹47,498 | ||
| 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 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2% | ||
| Net Profit Margin | -8.3% | ||
| 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 Magga Solutions Private Limited, buy the company report.
Board of directors of Magga Solutions Private Limited
Magga Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muraleedharan Ramaswamy Also directs: Maestria Information Systems Private Limited, Ayoti Technologies Private Limited, Ndimensionz Solutions Private Limited and 1 more | Director | 09 Dec 2020 | 5 Years 10 Months | As last reported |
| Rajendran Varuni | Director | 09 Dec 2020 | 5 Years 10 Months | As last reported |
Auditor
Magga Solutions Private Limited is audited by Pramod M Prasad for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pramod M Prasad | FY 2023 | 243814 |
Shareholding
The shareholding of Magga Solutions Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magga Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magga 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 Magga Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magga Solutions Private Limited has 1 active EPFO establishment as of Mar 31, 2024.
GST
Magga Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magga Solutions Private Limited, buy the company report.
Recent activity
Magga Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Muraleedharan Ramaswamy was appointed as Director on 09 Dec 2020.
Frequently asked questions
Magga Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Magga Solutions was a private limited company based in Thrikkakara, Kerala, India. The company worked in fashion retail, within the fashion and textile industry. It was incorporated on 09 December 2020 and is registered under CIN U74999KL2020PTC066258. The company has been struck off by the Registrar of Companies and is no longer operational.
Magga Solutions had 2 directors:
- Muraleedharan Ramaswamy - Director
- Rajendran Varuni - Director
The CIN (Corporate Identification Number) of Magga Solutions is U74999KL2020PTC066258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magga Solutions is at 2A1 Holyfaith Foursquare Manor Behind Model Engineering College, Thrikkakara, Kerala, India – 682021.
Magga Solutions was incorporated on 09 December 2020. It is registered with the Registrar of Companies, Ernakulam.
Magga Solutions can be reached through the website magga.in. Its registered office is in Thrikkakara, Kerala, India.
The latest financial statements of Magga Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from FY 2021 are in the company report.
No. Magga Solutions has 1 GST registration on record and it is cancelled or inactive.
Magga Solutions operated in the fashion and textile industry, in the fashion retail segment. It worked in this industry before it was struck off.