Magic Eye Developers Private Limited
About Magic Eye Developers Private Limited
Data last updated:
Magic Eye Developers Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Wtc Noida Development Company Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2007PTC162243. Its GSTIN is 07AAFCM0624E1ZX (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹62.79 Cr and a paid-up capital of ₹33.14 Cr. It is led by directors including Vikas Verma and Bhavarpal Kasyap.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at GF – 09 Plaza M6 Jasola District Centre Jasola, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹18.71 Cr (net margin -43.7%) and EBITDA of -₹18.69 Cr (EBITDA margin -43.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 123% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹135 Cr and satisfied charges of ₹140 Cr on record. Court records list 42 cases involving the company, including 20 filed by the company and 22 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- Registered AddressGF – 09 Plaza M6 Jasola District Centre Jasola, New Delhi, Delhi, India – 110025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Magic Eye Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Magic Eye Developers Private Limited
FY 2023 filings availableMagic Eye Developers Private Limited reported revenue of ₹42.87 Cr (up 281% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 123% over five years, including 281% growth 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 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹42.87 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹18.69 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹18.71 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 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -43.6% | |
| Net Profit Margin | -43.7% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2018-19 to FY 2021-22, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magic Eye Developers are in the company report.
: available in the company report
Board of Directors of Magic Eye Developers Private Limited
Magic Eye Developers has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Verma Also directs: August Residency Private Limited, Spire Techpark Private Limited, Vasilis Cityscapes Private Limited and 5 more | Director | 28 Oct 2020 | 5 Years 11 Months | Current |
| Pradeep Ahuja | Additional Director | 27 Dec 2024 | 1 Years 9 Months | Current |
| Bhavarpal Kasyap Also directs: Spire Techpark Private Limited, SKR Cityscapes Private Limited, KRS Township Private Limited and 5 more | Director | 20 May 2023 | 3 Years 5 Months | Current |
Peer Comparison
Magic Eye Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Magic Eye Developers Private Limited this company | ₹42.87 Cr (FY 2023) | •••• | •••• | 281.0% | •••• | New Delhi, Delhi, India |
| Jain Ispat Business Private Limited | ₹9.13 Cr (FY 2024) | •••• | •••• | 1189.0% | •••• | Mumbai, Maharashtra, India |
| Vrundavan Entertainment Private Limited | ₹9.13 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Avc Homes Private Limited | ₹9.12 Cr (FY 2024) | •••• | •••• | -59.0% | •••• | Hyderabad, Telangana, India |
Peers are the companies nearest to Magic Eye Developers by revenue, above and below it, in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Magic Eye Developers Private Limited is audited by Anil K Maheshwari & Co for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Anil K Maheshwari & Co | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Mar 2022 | Others | ₹75 Cr | Open |
| 30 Dec 2021 | Others | ₹10 Cr | Open |
| 28 Feb 2018 | Others | ₹50 Cr | Open |
| 26 Dec 2014 | Standard Chartered Bank | ₹50 Cr | Satisfied |
| 29 Jun 2012 | Idbi Trusteeship Services Limited | ₹45 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases
Magic Eye Developers Private Limited has 42 court cases on record: 20 filed by Magic Eye Developers, 22 filed against it. 9 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 15 | 7 |
| High courts | 17 | 3 | 2 |
| Supreme Court | 3 | 1 | 0 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Original application | Filed against the company by Green Edge Infrastructure Private Limited | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Vera Edu Infra Pvt. Ltd. Through Its Authorized Representative Office at: 4, Factory Road, Safdarjung Enclave, New Delhi ,New Delhi , Delhi | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S. Green Edge Infrastructure Pvt. Ltd. THR. Its Authorized Representative Surendra Kumar Hooda Ram Factory Road, Safdarjung Enclave, New Delhi ,New Delhi , Delhi and 5 others | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by Green Edge Infrastructure Private Limited | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Green Edge Infrastructure Pvt Ltd | Disposed |
: available in 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
Magic Eye Developers Private Limited has 11 MSME Form 1 returns on record between 2021 and 2023, listing 64 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sarvatra Integrated Management Services Private Limited | •••• | •••• | •••• |
| Proactive Construction Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Magic Eye Developers Private Limited has a workforce of 3 employees as of Mar 30, 2024.
: available in the company report
Recent Activity
Magic Eye Developers Private Limited has 18 board changes on record since 2008: 3 appointments and 15 cessations. The latest: Pradeep Ahuja was appointed as Additional Director on 27 Dec 2024.
22 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Magic Eye Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCM0624E1ZX | Delhi | Active | 01 Jul 2017 |
| 06AAFCM0624E1ZZ | Haryana | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Magic Eye Developers is an active private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 April 2007 (19+ years old) and is registered under CIN U45400DL2007PTC162243.
Magic Eye Developers has 3 current directors:
- Vikas Verma - Director
- Pradeep Ahuja - Additional Director
- Bhavarpal Kasyap - Director
The latest financial statements of Magic Eye Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Magic Eye Developers is 07AAFCM0624E1ZX, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AAFCM0624E1ZZ (Haryana).
The CIN (Corporate Identification Number) of Magic Eye Developers is U45400DL2007PTC162243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic Eye Developers has 42 court cases on record: 20 filed by the company and 22 filed against it. 9 are pending. Most are in the district courts.
Magic Eye Developers was incorporated on 18 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Magic Eye Developers by revenue are Jain Ispat Business Private Limited, Vrundavan Entertainment Private Limited, Avc Homes Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Pradeep Ahuja was appointed as Additional Director on 27 Dec 2024. Bhavarpal Kasyap ceased to be Additional Director on 29 Sep 2023. Raj Kishor Singh ceased to be Additional Director on 04 Jul 2023. Magic Eye Developers has 18 board changes on record in total.
Magic Eye Developers has 11 MSME Form 1 returns on record between 2021 and 2023, listing 64 overdue payments to 3 micro and small suppliers. The latest return was filed on 19 Jan 2024.
The registered office of Magic Eye Developers is at GF – 09 Plaza M6 Jasola District Centre Jasola, New Delhi, Delhi, India – 110025.
Magic Eye Developers operates in the real estate and construction industry, in the real estate builders and developers segment.