MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-20-0032432
Maglare Technologies Private Limited - energy and power in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.98 Cr
▼ 14% YoY
Net profit · FY 2024
₹1.72 Lakh
Net margin 0.9%
EBITDA · FY 2024
₹18.79 Lakh
EBITDA margin 9.5%
Authorised capital
₹55 Lakh
Registered with MCA
Paid-up capital
₹55 Lakh
Issued & subscribed
Open charges
₹1.61 Cr
Satisfied ₹1.93 Cr
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings
About Maglare Technologies Private Limited
Data last updated:
Maglare Technologies Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 12 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2015PTC084188. Its GSTIN is 24AAJCM8636N1ZU (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹55 Lakh. It is led by directors including Krunali Hitenkumar Shingala and Vijyaben Maganlal Shingala.
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 'Sumukh' Jyoti Nagar Main Road Near Masoom School Kalawad Road, Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.98 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹1.72 Lakh (net margin 0.9%) and EBITDA of ₹18.79 Lakh (EBITDA margin 9.5%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 1% over five years.
The company is associated with 1 brand: Maglare. As per MCA filings, the company has open charges of ₹1.61 Cr and satisfied charges of ₹1.93 Cr on record.
Maglare Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0032432). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maglare.com.
Company details
CIN U74140GJ2015PTC084188
Registration Number 084188
Incorporation Date 12 August 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-20-0032432
Key People
Krunali Hitenkumar Shingala Director Vijyaben Maganlal Shingala Director Hitenkumar Maganlal Shingala Director Recognitions & Rankings of Maglare Technologies
Contact details
Maglare Technologies Private Limited's registered office is in Rajkot, Gujarat. Its website is maglare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address'Sumukh' Jyoti Nagar Main Road Near Masoom School Kalawad Road, Rajkot, Gujarat, India – 360005
- IndustryEnergy and Power, BoP & BTG Services, Power Equipment Manufacturers, Power EPC
To see the full contact details of Maglare Technologies Private Limited, buy the company report.
Comprehensive company report
Maglare Technologies Private Limited - one report that includes everything
- 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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Brands
Maglare Technologies operates one associated brand: Maglare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar PV modules and offers EPC services for renewable energy projects. | maglare.com |
Business activity
The main business activity of Maglare Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Maglare Technologies Private Limited, buy the company report.
Financials of Maglare Technologies Private Limited
FY 2025 filings availableMaglare Technologies Private Limited reported revenue of ₹1.98 Cr (down 14% YoY) for FY 2024.
Revenue · FY 2024
₹1.98 Cr ▼ 14%
Net profit · FY 2024
₹1.72 Lakh margin 0.9%
EBITDA · FY 2024
₹18.79 Lakh margin 9.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 20%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▼ 10%
5 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 14% fall in the latest year. EBITDA rose 6% 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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| Total Expenses | |||||
| EBITDA | ₹18.79 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.72 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Maglare Technologies Private Limited, buy the company report.
Board of directors of Maglare Technologies Private Limited
Maglare Technologies has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krunali Hitenkumar Shingala | Director | 05 Sep 2015 | 11 Years 1 Months | Current |
| Vijyaben Maganlal Shingala | Director | 12 Aug 2015 | 11 Years 2 Months | Current |
| Hitenkumar Maganlal Shingala Also directs: Bharat Mobility Auto LLP | Director | 12 Aug 2015 | 11 Years 2 Months | Current |
Auditor
Maglare Technologies Private Limited is audited by H T A AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H T A AND ASSOCIATES | FY 2022 | 120457W |
Shareholding
The shareholding of Maglare Technologies 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 Maglare Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.61 Cr
Satisfied charges
₹1.93 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2021 | 100443956 | City Union Bank Limited | ₹11.4 Lakh | Open | |
| 02 Dec 2020 | 100403353 | Others | ₹1.5 Cr | Open | |
| 08 Jun 2016 | 100039709 | City Union Bank Limited | ₹1.93 Cr | Satisfied |
To see the full charge records of Maglare Technologies Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Maglare Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Maglare Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Param Packaging | |||
| an individual supplier |
To see the full MSME payment records of Maglare Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Maglare Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM8636N1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maglare Technologies Private Limited, buy the company report.
Recent activity
Maglare Technologies Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Krunali Hitenkumar Shingala was appointed as Director on 05 Sep 2015.
AGM
Maglare Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Maglare Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with City Union Bank Limited amounted to Rs. 11.40 Lakh with Charge ID 100443956 was registered on 28 Apr 2021.
Charges
A charge registered on 08 Jun 2016 via Charge ID 100039709 with City Union Bank Limited was fully satisfied on 19 Jan 2021.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 100403353 was registered on 02 Dec 2020.
Charges
A charge with City Union Bank Limited of Rs. 193.00 Lakh registered on 08 Jun 2016 with Charge ID 100039709 was modified on 06 Jan 2018.
Charges
A charge with City Union Bank Limited amounted to Rs. 193.00 Lakh with Charge ID 100039709 was registered on 08 Jun 2016.
Appointed
Krunali Hitenkumar Shingala was appointed as Director.
Appointed
Hitenkumar Maganlal Shingala was appointed as Director.
Appointed
Vijyaben Maganlal Shingala was appointed as Director.
Incorporation
12 Aug 2015
Maglare Technologies Private Limited was registered on 12 Aug 2015 with Roc Ahmedabad & aged 11 years 2 months as per MCA records.
Frequently asked questions
Maglare Technologies is an active private limited company based in Rajkot, Gujarat, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 12 August 2015 (11+ years old) and is registered under CIN U74140GJ2015PTC084188.
Maglare Technologies has 3 current directors:
- Krunali Hitenkumar Shingala - Director
- Vijyaben Maganlal Shingala - Director
- Hitenkumar Maganlal Shingala - Director
The latest financial statements of Maglare Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Maglare Technologies is 24AAJCM8636N1ZU, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Maglare Technologies is U74140GJ2015PTC084188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maglare Technologies was incorporated on 12 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Krunali Hitenkumar Shingala was appointed as Director on 05 Sep 2015. Hitenkumar Maganlal Shingala was appointed as Director on 12 Aug 2015. Vijyaben Maganlal Shingala was appointed as Director on 12 Aug 2015.
Yes, Maglare Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-20-0032432).
Maglare Technologies has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Maglare Technologies can be reached through the website maglare.com. Its registered office is in Rajkot, Gujarat, India.
The registered office of Maglare Technologies is at Sumukh Jyoti Nagar Main Road Near Masoom School Kalawad Road, Rajkot, Gujarat, India – 360005.
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