Magic Wash Industries Pvt Ltd
About Magic Wash Industries Pvt Ltd
Data last updated:
Magic Wash Industries Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 28 February 1984.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U29307MH1984PTC032295.
The company had an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹1.35 Cr. It was led by directors including Yogesh Sharad Vengurlekar and Giriraj Sharad Vengurlekar.
Its last annual general meeting (AGM) was held on 15 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 133A Ramkrishnasadan Sion (W), Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.29 Lakh, a growth of 59% compared to the previous year. For the same year it recorded a net loss of ₹1.9 Lakh (net margin -147.1%) and EBITDA of -₹1.82 Lakh (EBITDA margin -140.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 4% over five years.
As per MCA filings, the company had satisfied charges of ₹45.53 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Company details
Contact details
Magic Wash Industries Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address133A Ramkrishnasadan Sion (W), Mumbai, Maharashtra, India – 400022
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
To see the full contact details of Magic Wash Industries Pvt Ltd, 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
Financials of Magic Wash Industries Pvt Ltd
FY 2023 filings availableMagic Wash Industries Pvt Ltd reported revenue of ₹1.29 Lakh (up 59% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 59% growth in the latest year. EBITDA fell 682% 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 | -₹1.82 Lakh | ||||
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| Net Profit (PAT) | -₹1.9 Lakh | ||||
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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 | -140.9% | ||||
| Net Profit Margin | -147.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Magic Wash Industries Pvt Ltd, buy the company report.
Board of directors of Magic Wash Industries Pvt Ltd
Magic Wash Industries has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Sharad Vengurlekar Also directs: Sunrise Mining Company Private Limited, Skub Indsuries Private Limited, Avani Natural Produce Private Limited and 1 more | Director | 11 Jan 2016 | 10 Years 9 Months | As last reported |
| Giriraj Sharad Vengurlekar | Director | 08 Nov 2021 | 4 Years 11 Months | As last reported |
| Sharad Vithal Vengurlekar | Director | 28 Feb 1984 | 42 Years 8 Months | As last reported |
Peer comparison
Magic Wash Industries Pvt Ltd is compared with the 8 companies closest to it by revenue in the Consumer Durables industry (White Goods), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bombay Refrigerator Industries Private Limited | ₹6.06 Lakh (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Abhishek Electronics Manufacturing Private Limited | ₹3.5 Lakh (FY 2025) | -3.0% | Delhi, India | |||
| Pune White Goods Cluster Limited | ₹1.86 Lakh (FY 2019) | Pune, Maharashtra, India | ||||
| Neklanki Engineering and Impex Pvt Ltd | ₹1.6 Lakh (FY 2025) | -77.0% | Rajasthan, India | |||
| Bright Hvac Engineers Private Limited | ₹1.47 Lakh (FY 2025) | -87.0% | Mumbai, Maharashtra, India | |||
| Magic Wash Industries Pvt Ltdthis company | ₹1.29 Lakh (FY 2023) | -₹1.9 Lakh | -147.1% | 59.0% | Mumbai, Maharashtra, India | |
| Jasminesmart Homes Private Limited | ₹67,201 (FY 2024) | 67101.0% | New Delhi, Delhi, India | |||
| Chill Frost Solutions Private Limited | ₹38,000 (FY 2022) | Tiruchirappalli, Tamil Nadu, India | ||||
| Trane Air Conditioning Private Limited | ₹5,826 (FY 2024) | -10.0% | New Delhi, Delhi, India |
To see the full peer comparison of Magic Wash Industries Pvt Ltd, buy the company report.
Auditor
Magic Wash Industries Pvt Ltd is audited by A K DHERE & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K DHERE & CO | FY 2018 | 145651W |
Shareholding
The shareholding of Magic Wash Industries Pvt Ltd is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magic Wash Industries Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 1993 | 90218967 | Bank of Maharashtra | ₹17.53 Lakh | Satisfied | |
| 15 Dec 1993 | 90217742 | Bank of Maharashtra | ₹13.8 Lakh | Satisfied | |
| 05 Sep 1991 | 90217528 | Bank of Maharashtra | ₹6.7 Lakh | Satisfied | |
| 04 Nov 1988 | 90217264 | Bank of Maharashtra | ₹5 Lakh | Satisfied | |
| 24 Dec 1986 | 90217093 | Bank of Maharashtra | ₹2.5 Lakh | Satisfied |
To see the full charge records of Magic Wash Industries Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Magic Wash Industries Pvt Ltd has 2 court cases on record: 1 filed by Magic Wash Industries, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (9999-Other) | Filed against the company by Asstt.Provident Fund Comnr., Goa . | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Asst.Provident Fund Commr. and Anr. | Disposed |
To see the full case history of Magic Wash Industries Pvt Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magic Wash Industries Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Magic Wash Industries Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magic Wash Industries Pvt Ltd has 6 board changes on record since 1984: 3 appointments and 3 cessations. The latest: Giriraj Sharad Vengurlekar ceased to be Additional Director on 30 Sep 2022.
8 earlier events are in the company report.
Frequently asked questions
Magic Wash Industries has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Magic Wash Industries was a private limited company based in Mumbai, Maharashtra, India. The company worked in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 28 February 1984 and is registered under CIN U29307MH1984PTC032295. The company has been struck off by the Registrar of Companies and is no longer operational.
Magic Wash Industries had 3 directors:
- Yogesh Sharad Vengurlekar - Director
- Giriraj Sharad Vengurlekar - Director
- Sharad Vithal Vengurlekar - Director
The CIN (Corporate Identification Number) of Magic Wash Industries is U29307MH1984PTC032295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magic Wash Industries is at 133A Ramkrishnasadan Sion W, Mumbai, Maharashtra, India – 400022.
Magic Wash Industries was incorporated on 28 February 1984. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Magic Wash Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 15 July 2023. Year-wise statements from 2015 are in the company report.
Magic Wash Industries operated in the consumer electronics and durables industry, in the white goods retail and distribution segment. It worked in this industry before it was struck off.
The peers of Magic Wash Industries by revenue are Bombay Refrigerator Industries Private Limited, Abhishek Electronics Manufacturing Private Limited, Pune White Goods Cluster Limited, Neklanki Engineering and Impex Pvt Ltd, Bright Hvac Engineers Private Limited and 3 more, all in the Consumer Durables industry (White Goods).
Magic Wash Industries has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Giriraj Sharad Vengurlekar ceased to be Additional Director on 30 Sep 2022. Giriraj Sharad Vengurlekar was appointed as Director on 08 Nov 2021. Usha Sharad Vengurlekar ceased to be Director on 17 May 2019. Magic Wash Industries has 6 board changes on record in total.