About Magic Retail Ventures Private Limited
Data last updated:
Magic Retail Ventures Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 17 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52110MH2005PTC156984. Its GSTIN is 27AAECM4463G1ZF (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chirag Jitendra Shah (Managing Director) and Jitendra Himmatlal Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 101 Gokul Arcade Premises Co – Op. Society Swami Nityananda Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.25 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹19.59 Lakh (net margin 2.1%) and EBITDA of ₹34.03 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 54% over five years.
As per MCA filings, the company has open charges of ₹2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wegiftmagic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address101 Gokul Arcade Premises Co – Op. Society Swami Nityananda Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryConsumer Goods, Accessories Retail & Distribution
- 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
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Business Activity of Magic Retail Ventures Private Limited
The main business activity of Magic Retail Ventures is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | 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
Verified entity values are shown only after access is granted.
Financials of Magic Retail Ventures Private Limited FY 2024 filings available
Magic Retail Ventures Private Limited reported revenue of ₹9.25 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magic Retail Ventures Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 54%. EBITDA fell 28% 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 of Magic Retail Ventures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹34.03 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.59 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 Retail Ventures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Retail Ventures are in the company report.
Financial statements from 2015
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 Retail Ventures Private Limited
Magic Retail Ventures Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Components Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Poonawalla Financials Private Limited | ₹9.53 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Pune, Maharashtra, India |
| Sun Star Innovations Private Limited | ₹9.45 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Gurgaon, Haryana, India |
| Singhvi Technocrate Private Limited | ₹9.41 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Udaipur, Rajasthan, India |
| Uday Hardware Trading Private Limited | ₹9.4 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Ahmedabad, Gujarat, India |
| Hi-Brande Enterprises Private Limited | ₹9.35 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Chennai, Tamil Nadu, India |
| Magic Retail Ventures Private Limited this company | ₹9.25 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Inox Metaproducts Private Limited | ₹9.24 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Perfect Sourcewell Private Limited | ₹9.23 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Delhi, India |
| R L Jain Power Tools LLP | ₹9.22 Cr (FY 2025) | •••• | •••• | 235.0% | •••• | Udaipur, Rajasthan, India |
| Chandrabati Steel and Iron Private Limited | ₹9.12 Cr (FY 2024) | •••• | •••• | 53.0% | •••• | Kamakhyanagar, Odisha, India |
| Indian Glass & Electricals Private Limited | ₹9.08 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Magic Retail Ventures by revenue in the Engineering industry (Components Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magic Retail Ventures Private Limited
Magic Retail Ventures Private Limited is audited by Shailesh A Shah & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shailesh A Shah & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magic Retail Ventures Private Limited
Magic Retail Ventures has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Himmatlal Shah | Whole-Time Director | 17 Oct 2005 | 20 Years 11 Months | Current |
| Chirag Jitendra Shah Also directs: Globextra Commerce LLP | Managing Director | 17 Oct 2005 | 20 Years 11 Months | Current |
Ownership and Shareholding of Magic Retail Ventures Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magic Retail Ventures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2024 | Yes Bank Limited | ₹2 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Magic Retail Ventures Private Limited
Employment history and EPFO contributions of people linked to Magic Retail Ventures.
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 Retail Ventures Private Limited
Magic Retail Ventures Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Chirag Jitendra Shah was appointed as Managing Director on 17 Oct 2005.
Credit Ratings, Litigation & Regulatory Alerts for Magic Retail Ventures 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 Retail Ventures 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 Retail Ventures 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 Retail Ventures Private Limited
Magic Retail Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM4463G1ZF | Maharashtra | Active | 01 Jul 2017 |
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 Retail Ventures 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 Retail Ventures Private Limited
Magic Retail Ventures is an active private limited company based in Mumbai, Maharashtra, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 17 October 2005 (21+ years old) and is registered under CIN U52110MH2005PTC156984.
Magic Retail Ventures reported revenue of ₹9.25 Cr for FY 2025 (down 2% YoY).
Magic Retail Ventures has 2 current directors:
- Chirag Jitendra Shah - Managing Director
- Jitendra Himmatlal Shah - Whole-Time Director
Magic Retail Ventures reported a net profit of ₹19.59 Lakh (net margin 2.1%) and EBITDA of ₹34.03 Lakh (EBITDA margin 3.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magic Retail Ventures is 38% over three years and 54% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magic Retail Ventures is 27AAECM4463G1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magic Retail Ventures is U52110MH2005PTC156984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic Retail Ventures was incorporated on 17 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magic Retail Ventures by revenue are Poonawalla Financials Private Limited, Sun Star Innovations Private Limited, Singhvi Technocrate Private Limited, Uday Hardware Trading Private Limited, Hi-Brande Enterprises Private Limited and 5 more, all in the Engineering industry (Components Retail and Distribution).
Chirag Jitendra Shah was appointed as Managing Director on 17 Oct 2005. Jitendra Himmatlal Shah was appointed as Whole-Time Director on 17 Oct 2005.
Magic Retail Ventures can be reached through the website wegiftmagic.com. Its registered office is in Mumbai, Maharashtra, India.