About Magik Cargo India Private Limited
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Magik Cargo India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Wiz Logtec India Private Limited. It operates in the carrying and forwarding agents (cfa) segment of the transport and logistics sector. It was incorporated on 02 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U63090TN2004PTC052885. Its GSTIN is 33AAICS2726E1ZM (Tamil Nadu). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Synergy Cargo Management India Private Limited. It is led by directors Ramkumar Ramachandran and Ramkumar Govindarajan.
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 No.56/57 3rd Floor Rajaji Salai, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.45 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 32.1%) and EBITDA of ₹1.11 Cr (EBITDA margin 32.1%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 44% over five years.
The company is associated with 1 brand: Synergy Cargo Management. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website scm.co.in.
Company details
Contact details
Magik Cargo India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is scm.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.56/57 3rd Floor Rajaji Salai, Chennai, Tamil Nadu, India – 600001
- IndustryTransport and Logistics, Carrying & Forwarding Agents (CFA)
To see the full contact details of Magik Cargo India 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
Magik Cargo India operates one associated brand: Synergy Cargo Management. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides multi-modal freight transportation and comprehensive cargo management solutions. | scm.co.in |
Business activity
The main business activity of Magik Cargo India is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
Financials of Magik Cargo India Private Limited
FY 2024 filings availableMagik Cargo India Private Limited reported revenue of ₹3.45 Cr (up 1685% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years. EBITDA rose 151% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.11 Cr | ||||
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| Net Profit (PAT) | ₹1.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 32.1% | ||||
| Net Profit Margin | 32.1% | ||||
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To see the full financial statements and ratios of Magik Cargo India Private Limited, buy the company report.
Board of directors of Magik Cargo India Private Limited
Magik Cargo India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramkumar Ramachandran Also directs: Unikon Shipping Ventures LLP, Wiz Logtec India Private Limited, Radar Ventures Private Limited and 5 more | Director | 02 Apr 2004 | 22 Years 7 Months | Current |
| Ramkumar Govindarajan Also directs: Unikon Shipping Ventures LLP, Wiz Logtec India Private Limited, Radar Ventures Private Limited and 5 more | Additional Director | 28 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Magik Cargo India Private Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Bulk Cargo and Container, Carrying and Forwarding Agents), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NRK Freight Forwarder Private Limited | ₹3.45 Cr (FY 2025) | -24.0% | Chennai, Tamil Nadu, India | |||
| Magik Cargo India Private Limitedthis company | ₹3.45 Cr (FY 2024) | ₹1.11 Cr | 32.1% | 1685.0% | Chennai, Tamil Nadu, India | |
| Rhobos Minerals Private Limited | ₹3.44 Cr (FY 2024) | 661.0% | Cuttack, Odisha, India | |||
| Dsa Airfreight Private Limited | ₹3.43 Cr (FY 2016) | 58.0% | Mumbai, Maharashtra, India | |||
| Mahesh Shipping Services Private Limited | ₹3.42 Cr (FY 2017) | 176.0% | Delhi, India | |||
| Laxmi Clearing & Forwarding Private Limited | ₹3.39 Cr (FY 2025) | 267.0% | Thikari, Madhya Pradesh, India |
To see the full peer comparison of Magik Cargo India Private Limited, buy the company report.
Auditor
Magik Cargo India Private Limited is audited by GURU & RAM LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GURU & RAM LLP | FY 2023 | 009723S |
Shareholding
The shareholding of Magik Cargo India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magik Cargo India Private Limited, buy the company report.
Legal cases
Magik Cargo India Private Limited has 10 court cases on record: 3 filed by Magik Cargo India, 7 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 6 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Hamburg Sud India Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Hamburg Sud India Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Hamburg Sud India Pvt Ltd | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Disposed |
To see the full case history of Magik Cargo India Private Limited, 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 Magik Cargo India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magik Cargo India has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICS2726E1ZM | Tamil Nadu | Active | 01 Jul 2017 |
| 07AAICS2726E1ZH | Delhi | Active | 01 Jul 2017 |
| 27AAICS2726E1ZF | Maharashtra | Active | 01 Jul 2017 |
| 29AAICS2726E1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magik Cargo India Private Limited, buy the company report.
Recent activity
Magik Cargo India Private Limited has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Ramkumar Govindarajan was appointed as Additional Director on 28 Feb 2024.
Frequently asked questions
Magik Cargo India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in carrying and forwarding agents (cfa), within the transport and logistics industry. It was incorporated on 02 April 2004 (22+ years old) and is registered under CIN U63090TN2004PTC052885.
Magik Cargo India has 2 current directors:
- Ramkumar Ramachandran - Director
- Ramkumar Govindarajan - Additional Director
The latest financial statements of Magik Cargo India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Magik Cargo India is 33AAICS2726E1ZM, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAICS2726E1ZH (Delhi), 27AAICS2726E1ZF (Maharashtra), 29AAICS2726E1ZB (Karnataka).
The CIN (Corporate Identification Number) of Magik Cargo India is U63090TN2004PTC052885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magik Cargo India has 10 court cases on record: 3 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Magik Cargo India was incorporated on 02 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Magik Cargo India by revenue are NRK Freight Forwarder Private Limited, Rhobos Minerals Private Limited, Dsa Airfreight Private Limited, Mahesh Shipping Services Private Limited, Laxmi Clearing & Forwarding Private Limited, all in the Transport and Logistics industry (Bulk Cargo and Container, Carrying and Forwarding Agents), with the same principal business activity (services incidental to land, water & air transportation).
Ramkumar Govindarajan was appointed as Additional Director on 28 Feb 2024. Radhakrishnan Jayaram ceased to be Additional Director on 30 Sep 2022. Rahul Gautam Divan ceased to be Director on 06 Jul 2022. Magik Cargo India has 5 board changes on record in total.
Magik Cargo India can be reached through the website scm.co.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Magik Cargo India is at No.5657 3rd Floor Rajaji Salai, Chennai, Tamil Nadu, India – 600001.
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