About Magic I.T. Solution Private Limited
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Magic I.T. Solution Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 11 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2010PTC198727. Its GSTIN is 27AAGCM3180L1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Vinod Daulat Rupani and Ropin Jaychand Nagda.
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 B – 26 Matru Chhaya S.N. Road Mulund (W), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.47 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹4.64 Cr (net margin -187.4%) and EBITDA of -₹3.98 Cr (EBITDA margin -160.8%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 50% over five years.
The company is associated with 1 brand: Magicworks Digital Marketing. As per MCA filings, the company has open charges of ₹7.65 Cr and satisfied charges of ₹11.41 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2014. Its 4 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 1 larger and 3 smaller; the largest is Aqueous Food Technologies Pvt Ltd with revenue of ₹2.49 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magicgroup.co.in.
Company details
Contact details
Magic I.T. Solution Private Limited's registered office is in Mumbai, Maharashtra. Its website is magicgroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 26 Matru Chhaya S.N. Road Mulund (W), Mumbai, Maharashtra, India – 400080
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Magic I.T. Solution 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
Brands
Magic I.T. Solution operates one associated brand: Magicworks Digital Marketing. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers digital marketing, website development, and hosting solutions to businesses. | magicworksitsolutions.com |
Business activity
The main business activity of Magic I.T. Solution 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 |
To see the full business activity and turnover split of Magic I.T. Solution Private Limited, buy the company report.
Financials of Magic I.T. Solution Private Limited
FY 2023 filings availableMagic I.T. Solution Private Limited reported revenue of ₹2.47 Cr (down 74% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 74% fall in the latest year. EBITDA fell 863% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹3.98 Cr | ||||
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| Net Profit (PAT) | -₹4.64 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -160.8% | ||||
| Net Profit Margin | -187.4% | ||||
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To see the full financial statements and ratios of Magic I.T. Solution Private Limited, buy the company report.
Board of directors of Magic I.T. Solution Private Limited
Magic I.T. Solution has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Daulat Rupani | Director | 11 Jan 2010 | 16 Years 9 Months | Current |
| Ropin Jaychand Nagda Also directs: Rayvision Tech Private Limited | Additional Director | 14 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Magic I.T. Solution Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aqueous Food Technologies Pvt Ltd | ₹2.49 Cr (FY 2024) | 7.0% | Delhi, India | |||
| Magic I.T. Solution Private Limitedthis company | ₹2.47 Cr (FY 2023) | -₹4.64 Cr | -187.4% | -74.0% | Mumbai, Maharashtra, India | |
| Lucknow Electrical Private Limited | ₹2.46 Cr (FY 2025) | 59.0% | Lucknow, Uttar Pradesh, India | |||
| Yash Multiventure Private Limited | ₹2.46 Cr (FY 2024) | -17.0% | Siliguri, West Bengal, India | |||
| Alpine Infosystem Private Limited | ₹2.46 Cr (FY 2021) | 55.0% | Delhi, India |
To see the full peer comparison of Magic I.T. Solution Private Limited, buy the company report.
Auditor
Magic I.T. Solution Private Limited is audited by CA Mohan Belle Shetty for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA Mohan Belle Shetty | FY 2022 | 031256 |
Shareholding
The shareholding of Magic I.T. Solution Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Magic I.T. Solution Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2021 | 100507110 | Others | ₹4.05 Cr | Open | |
| 26 Mar 2021 | 100437502 | Others | ₹3.6 Cr | Open | |
| 26 Feb 2019 | 100247001 | Punjab and Maharashtra Co-Operative Bank Limited | ₹45.71 Lakh | Satisfied | |
| 01 Feb 2013 | 10406980 | Punjab and Maharashtra Co-Operative Bank Limited | ₹10 Cr | Satisfied | |
| 18 Mar 2010 | 10213461 | Punjab and Maharashtra Co-Op. Bank Ltd. | ₹95 Lakh | Satisfied |
To see the full charge records of Magic I.T. Solution Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Magic I.T. Solution Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2014 | Funding round | ₹99 Lakh | Investors: Rajesh Daulat Rupani HUF, 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Magic I.T. Solution 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 Magic I.T. Solution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magic I.T. Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM3180L1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magic I.T. Solution Private Limited, buy the company report.
Recent activity
Magic I.T. Solution Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Heena Vinod Rupani ceased to be Additional Director on 14 Jun 2021.
6 earlier events are in the company report.
Frequently asked questions
Magic I.T. Solution is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 11 January 2010 (16+ years old) and is registered under CIN U72900MH2010PTC198727.
Magic I.T. Solution has 2 current directors:
- Vinod Daulat Rupani - Director
- Ropin Jaychand Nagda - Additional Director
The latest financial statements of Magic I.T. Solution 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 I.T. Solution is 27AAGCM3180L1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magic I.T. Solution is U72900MH2010PTC198727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic I.T. Solution was incorporated on 11 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Magic I.T. Solution has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2014.
The peers of Magic I.T. Solution by revenue are Aqueous Food Technologies Pvt Ltd, Lucknow Electrical Private Limited, Yash Multiventure Private Limited, Alpine Infosystem Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (retail trading).
Heena Vinod Rupani ceased to be Additional Director on 14 Jun 2021. Ropin Jaychand Nagda was appointed as Additional Director on 14 Jun 2021. Rajesh Daulat Rupani ceased to be Director on 03 Nov 2015. Magic I.T. Solution has 6 board changes on record in total.
Magic I.T. Solution can be reached through the website magicgroup.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Magic I.T. Solution is at B – 26 Matru Chhaya S.N. Road Mulund W, Mumbai, Maharashtra, India – 400080.
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