Magic Technolab Private Limited
About Magic Technolab Private Limited
Data last updated:
Magic Technolab Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 December 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2000PTC039090. Its GSTIN is 24AAFCS3850A1ZT (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors Nimit Sunilkumar Parekh and Bhavikbhai Dineshbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 403 Aaryamaan B/H Arya Villa New Ranip, Ahmedabad, Gujarat, India – 382480.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.02 Lakh, a growth of 46% compared to the previous year. For the same year it recorded a net loss of ₹2.35 Lakh (net margin -4.5%) and EBITDA of -₹1.23 Lakh (EBITDA margin -2.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 44% over five years.
The company is associated with 1 brand: Magic Technolabs.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- WebsiteLocked
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- Registered AddressB – 403 Aaryamaan B/H Arya Villa New Ranip, Ahmedabad, Gujarat, India – 382480
- IndustryInformation Technology, Application Development & Software Solutions
- 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 of Magic Technolab Private Limited
The main business activity of Magic Technolab is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Technolab Private Limited FY 2025 filings available
Magic Technolab Private Limited reported revenue of ₹52.02 Lakh (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magic Technolab Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 46% growth in the latest year. EBITDA rose 71% 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 Technolab 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 | -₹1.23 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.35 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magic Technolab Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.5% | •••• | •••• | •••• | •••• |
| 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 Technolab 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 Technolab Private Limited
Magic Technolab Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Digital Rebel Private Limited | ₹52.33 Lakh (FY 2024) | •••• | •••• | 87.0% | •••• | Porvorim, Goa, India |
| Xpecto IT Solutions Private Limited | ₹52.29 Lakh (FY 2025) | •••• | •••• | 24.0% | •••• | Noida, Uttar Pradesh, India |
| Wayindia Software Solution Private Limited | ₹52.15 Lakh (FY 2024) | •••• | •••• | -37.0% | •••• | Bhubaneswar, Odisha, India |
| Rovan Software Solutions Private Limited | ₹52.1 Lakh (FY 2025) | •••• | •••• | 24.0% | •••• | Tamil Nadu, India |
| Integrated Order Automated Solutions Private Limited | ₹52.07 Lakh (FY 2025) | •••• | •••• | 161.0% | •••• | Thiruvananthapuram, Kerala, India |
| Magic Technolab Private Limited this company | ₹52.02 Lakh (FY 2025) | •••• | •••• | 46.0% | •••• | Ahmedabad, Gujarat, India |
| Syscon Solutions Private Limited | ₹52.01 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
| Digiants India Private Limited | ₹52 Lakh (FY 2024) | •••• | •••• | -59.0% | •••• | Hyderabad, Telangana, India |
| Aloka Infotech Solutions Private Limited | ₹51.97 Lakh (FY 2024) | •••• | •••• | 45.0% | •••• | Putrela, Telangana, India |
| Break-Through Software Solutions Private Limited | ₹51.93 Lakh (FY 2024) | •••• | •••• | 107.0% | •••• | Mysore, Karnataka, India |
| Bhasin Soft India Limited | ₹51.92 Lakh (FY 2024) | •••• | •••• | -11.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Magic Technolab by revenue in the Information Technology industry (Application Development), 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 Technolab Private Limited
Magic Technolab Private Limited is audited by SUMIT R MEHTA & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUMIT R MEHTA & ASSOCIATES | 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 Technolab Private Limited
Magic Technolab has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimit Sunilkumar Parekh | Director | 13 Nov 2021 | 4 Years 10 Months | Current |
| Bhavikbhai Dineshbhai Patel | Director | 13 Nov 2021 | 4 Years 10 Months | Current |
Ownership and Shareholding of Magic Technolab 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 Technolab Private Limited
Magic Technolab Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Magic Technolab Private Limited
Magic Technolab operates one associated brand: Magic Technolabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides professional application development and ERP services to businesses. | magictechnolabs.com |
Employees and EPFO Compliance at Magic Technolab Private Limited
Employment history and EPFO contributions of people linked to Magic Technolab.
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 Technolab Private Limited
Magic Technolab Private Limited has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Neelamben Daxeshkumar Patel ceased to be Additional Director on 16 Nov 2021.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Magic Technolab 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 Technolab 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 Technolab 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 Technolab Private Limited
Magic Technolab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCS3850A1ZT | Gujarat | Active | 01 Sep 2022 |
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 Technolab 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 Technolab Private Limited
Magic Technolab is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 December 2000 (26+ years old) and is registered under CIN U72200GJ2000PTC039090.
Magic Technolab reported revenue of ₹52.02 Lakh for FY 2025 (up 46% YoY).
Magic Technolab has 2 current directors:
- Nimit Sunilkumar Parekh - Director
- Bhavikbhai Dineshbhai Patel - Director
Magic Technolab reported a net loss of ₹2.35 Lakh (net margin -4.5%) and EBITDA of -₹1.23 Lakh (EBITDA margin -2.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magic Technolab is 7% over three years and 44% over five years. In the latest year (FY 2025) revenue rose 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magic Technolab is 24AAFCS3850A1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Magic Technolab is U72200GJ2000PTC039090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magic Technolab was incorporated on 20 December 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Magic Technolab by revenue are Digital Rebel Private Limited, Xpecto IT Solutions Private Limited, Wayindia Software Solution Private Limited, Rovan Software Solutions Private Limited, Integrated Order Automated Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Neelamben Daxeshkumar Patel ceased to be Additional Director on 16 Nov 2021. Nidhi Yogeshkumar Shah ceased to be Additional Director on 16 Nov 2021. Bhavikbhai Dineshbhai Patel was appointed as Director on 13 Nov 2021. Magic Technolab has 10 board changes on record in total.
The registered office of Magic Technolab is at B – 403 Aaryamaan BH Arya Villa New Ranip, Ahmedabad, Gujarat, India – 382480.