Magic I.T. Solution Private Limited - Company Profile

It is a consumer electronics & durables private limited company based in Mumbai, Maharashtra, India, established in 2010.
2010 Mumbai, Maharashtra, India Active
Last Updated:
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About Magic I.T. Solution Private Limited

Magic I.T. Solution Private Limited, a active private limited company, was established on 11 January 2010 in Mumbai, Maharashtra, India. Engaging in electronic appliances retail & distribution within the trade sector, it holds CIN: U72900MH2010PTC198727. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹1.00 Cr.

It upholds a compliant status. Its leadership includes Vinod Daulat Rupani (Director), Ropin Jaychand Nagda (Additional Director). Past directors included Heena Vinod Rupani, Sunil Bansilal Jaisingh, Rajesh Daulat Rupani. It holds ₹7.65 Cr open charges and ₹11.41 Cr settled loans. Its latest AGM occurred on 30 September 2023, with the balance sheet filed on 31 March 2023. It is based at B-26 Matru Chhaya S.N. Road Mulund (W), Mumbai, Maharashtra, 400080.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U72900MH2010PTC198727

  • Registration Number

    198727

  • Incorporation Date

    11 January 2010

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹1.00 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 16 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 7.65 Cr
  • Satisfied Charges ₹ 11.41 Cr
  • Revenue Growth **** -64.18%
  • Profit Growth **** -37.41%
  • Ebitda **** 39.06%
  • Net Worth -109.17%
  • Total Assets **** 1.65%
Company report

Magic I.T. Solution Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Magic I.T. Solution Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Magic I.T. Solution Private Limited?
Current Directors
Name Designation Appointment Date Status
Vinod Daulat Rupani Director 11 Jan 2010 Current
Ropin Jaychand Nagda Additional Director 14 Jun 2021 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 14 Jun 2021 Past
Pramod Abcsdd Director 21 Jan 2015 Past
Pramod Abcsdd Director 03 Nov 2015 Past
Pramod Abcsdd Director 15 Oct 2015 Past

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Financial Performance of Magic I.T. Solution.

Magic I.T. Solution Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 64.18% decrease. The company also saw a substantial fall in profitability, with a 37.41% decrease in profit. The company's net worth observed a substantial decline by a decrease of 109.17%.

Magic I.T. Solution revenue growth over time
Magic I.T. Solution profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -64.18%
*******
*******
*******
*******
Revenue from Operations
*******
 -64.06%
*******
*******
*******
*******
Total Assets
*******
 1.65%
*******
*******
*******
*******
Profit or Loss
*******
 -37.41%
*******
*******
*******
*******
Net Worth
*******
 -109.17%
*******
*******
*******
*******
EBITDA
*******
 39.06%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Magic I.T. Solution?

In 2022, Magic I.T. Solution had a public holding of 80.92%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹76,500,000.00

Satisfied Charges

₹114,070,757.00

Charges Breakdown by Lending Institutions
  • Others : 7.65 Cr
Latest Charge Details
Date Lender Amount Status
15 Nov 2021 Others ₹4.05 Cr Open
26 Mar 2021 Others ₹3.60 Cr Open
26 Feb 2019 Punjab And Maharashtra Co-Operative Bank Limited ₹4.57 M Satisfied
01 Feb 2013 Punjab And Maharashtra Co-Operative Bank Limited ₹10.00 Cr Satisfied
18 Mar 2010 Punjab And Maharashtra Co-Op. Bank Ltd. ₹9.50 M Satisfied

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How Many Employees Work at Magic I.T. Solution?

Unlock and access historical data on people associated with Magic I.T. Solution, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magic I.T. Solution, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magic I.T. Solution's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Magic I.T. Solution
Recent Activity within the Organization
  • Annual General Meeting

    Magic I.T. Solution Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Magic I.T. Solution Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 4.05 Cr with Charge ID 100507110 was registered on 15 Nov 2021. was documented.

  • Director Appointment

    Progress on Ropin Jaychand Nagda was appointed as a Additional Director was appointed as a Additional Director on 14 Jun 2021 & has been associated with this company since 4 years 8 months . was documented.

  • Charges

    A charge registered on 26 Feb 2019 via Charge ID 100247001 with Punjab And Maharashtra Co-Operative Bank Limited was fully satisfied on 02 Jun 2021. was recorded as a recent event.

  • Charges

    A charge registered on 18 Mar 2010 via Charge ID 10213461 with Punjab And Maharashtra Co-Op. Bank Ltd. was fully satisfied on 02 Jun 2021. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Magic I.T. Solution Private Limited?

The CIN of Magic I.T. Solution Private Limited is U72900MH2010PTC198727.

Where is Magic I.T. Solution Private Limited headquartered?

Magic I.T. Solution Private Limited is headquartered at B-26 Matru Chhaya S.N. Road Mulund (W), Mumbai, Maharashtra, 400080.

When was Magic I.T. Solution Private Limited incorporated?

Magic I.T. Solution Private Limited was incorporated on 11 January 2010.

Who are the current directors of Magic I.T. Solution Private Limited?

The current directors of Magic I.T. Solution Private Limited are

What is the primary industry of Magic I.T. Solution Private Limited?

The primary industry of Magic I.T. Solution Private Limited is Trade.

Is Magic I.T. Solution Private Limited a listed company?

Magic I.T. Solution Private Limited is unlisted.

What is the capital structure of Magic I.T. Solution Private Limited?

The authorized capital of Magic I.T. Solution Private Limited is ₹1.00 Cr, and the paid-up capital is ₹1.00 Cr.

What is the compliance status of Magic I.T. Solution Private Limited?

The compliance status of Magic I.T. Solution Private Limited is Compliant.

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