About Magic Needles Private Limited
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Magic Needles Private Limited is a private limited company based in Mumbai, Maharashtra, India. It was incorporated on 22 May 2024.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U46411MH2024PTC425626.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Heena Kalpesh Patel (Managing Director) and Kalpesh Damji Patel.
Its last annual general meeting (AGM) was held on 08 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹7 Cr. For the same year it recorded a net profit of ₹68.29 Lakh (net margin 9.8%) and EBITDA of ₹68.72 Lakh (EBITDA margin 9.8%).
The company is associated with 1 brand: Magic Needles. As per MCA filings, the company has open charges of ₹1.65 Cr on record.
For more details, the company can be reached via its website magicneedles.in.
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- Registered Address21, Shivkrupa Indl Est Lbs R, Mumbai, Maharashtra, India – 400083
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
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Financials of Magic Needles Private Limited FY 2025 filings available
Magic Needles Private Limited reported revenue of ₹7 Cr for FY 2025.
Financial Statement Summary of Magic Needles Private Limited
| Metrics | FY 2024-25 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | •••• |
| Other Income | •••• |
| Total Revenue | •••• |
| Cost of Materials Consumed | •••• |
| Employee Benefit Expense | •••• |
| Finance Costs | •••• |
| Depreciation and Amortisation | •••• |
| Other Expenses | •••• |
| Total Expenses | •••• |
| EBITDA | ₹68.72 Lakh |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | ₹68.29 Lakh |
| 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 of Magic Needles Private Limited
| Metrics | FY 2024-25 |
|---|---|
| Profitability | |
| EBITDA Margin | 9.8% |
| Net Profit Margin | 9.8% |
| 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 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 Needles are in the company report.
Financial statements from FY 2025
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Magic Needles Private Limited
Magic Needles Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stealodeal India Private Limited | ₹7.24 Cr (FY 2025) | •••• | •••• | 329.0% | •••• | Delhi, India |
| Right Pace Techmedia Private Limited | ₹7.22 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Pune, Maharashtra, India |
| Codenatives India Private Limited | ₹7.2 Cr (FY 2024) | •••• | •••• | 77.0% | •••• | Chennai, Tamil Nadu, India |
| Craft Route Merchandize Private Limited | ₹7.13 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Ecompreneurs Private Limited | ₹7.11 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Kota, Rajasthan, India |
| Magic Needles Private Limited this company | ₹7 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Kutchina Online (OPC) Private Limited | ₹6.96 Cr (FY 2025) | •••• | •••• | 433.0% | •••• | North 24 Parganas, West Bengal, India |
| Hypefly India Products Private Limited | ₹6.93 Cr (FY 2024) | •••• | •••• | 117.0% | •••• | Mumbai, Maharashtra, India |
| Tryolo Computech Private Limited | ₹6.93 Cr (FY 2023) | •••• | •••• | 555.0% | •••• | Hyderabad, Telangana, India |
| June Retail Private Limited | ₹6.92 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Abeerah One Stop Solutions Private Limited | ₹6.9 Cr (FY 2024) | •••• | •••• | 137.0% | •••• | Udaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Magic Needles by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Magic Needles Private Limited
Magic Needles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalpesh Damji Patel | Director | 22 May 2024 | 2 Years 4 Months | Current |
| Heena Kalpesh Patel | Managing Director | 22 May 2024 | 2 Years 4 Months | Current |
Charges & Borrowings of Magic Needles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2025 | Others | ₹1.65 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Magic Needles Private Limited
Magic Needles operates one associated brand: Magic Needles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supplier of yarns, knitting needles, and crochet supplies based in Mumbai. | magicneedles.in |
Employees and EPFO Compliance at Magic Needles Private Limited
Employment history and EPFO contributions of people linked to Magic Needles.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Magic Needles Private Limited
Magic Needles Private Limited has 2 board changes on record since 2024: 2 appointments. The latest: Heena Kalpesh Patel was appointed as Managing Director on 22 May 2024.
Credit Ratings, Litigation & Regulatory Alerts for Magic Needles Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magic Needles Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magic Needles Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magic Needles Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magic Needles Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magic Needles Private Limited
Magic Needles is an active private limited company based in Mumbai, Maharashtra, India. It was incorporated on 22 May 2024 (2+ years old) and is registered under CIN U46411MH2024PTC425626.
Magic Needles reported revenue of ₹7 Cr for FY 2025.
Magic Needles has 2 current directors:
- Heena Kalpesh Patel - Managing Director
- Kalpesh Damji Patel - Director
Magic Needles reported a net profit of ₹68.29 Lakh (net margin 9.8%) and EBITDA of ₹68.72 Lakh (EBITDA margin 9.8%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Magic Needles is U46411MH2024PTC425626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic Needles was incorporated on 22 May 2024, making it 2+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magic Needles by revenue are Stealodeal India Private Limited, Right Pace Techmedia Private Limited, Codenatives India Private Limited, Craft Route Merchandize Private Limited, Ecompreneurs Private Limited and 5 more, all in the Ecommerce and Internet industry (Broad Based Ecommerce).
Heena Kalpesh Patel was appointed as Managing Director on 22 May 2024. Kalpesh Damji Patel was appointed as Director on 22 May 2024.
Magic Needles can be reached through the website magicneedles.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Magic Needles is at 21, Shivkrupa Indl Est Lbs R, Mumbai, Maharashtra, India – 400083.
Magic Needles has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh.