About Magma Advisory Services Limited
Data last updated: 26 July 2025
Magma Advisory Services Limited was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Magma Fincorp Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It specialised in business and IT consulting, a part of the broader business process outsourcing sector. Incorporated on 21 May 2012.
Registered with ROC Kolkata under CIN U74999WB2012PLC181922.
Capital: an authorised share capital of ₹65 Cr and a paid-up capital of ₹56.67 Cr. Formerly known as Magma Housing Finance Limited. It was led by directors including Atul Makharia and Mayank Poddar.
Last AGM: 25 July 2017. Financial statements filed for year ended 31 March 2017. Office: Magma House 24 Park Street, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2017, the company reported a revenue of ₹96.04 Lakh, a decline of 63% compared to the previous year.
It operated as a subsidiary of Magma Fincorp Limited. Its group structure included 2 subsidiaries.
The company was associated with 1 brand - Magma Hdi General Insurance.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is magma.co.in.
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Registered AddressMagma House 24 Park Street, Kolkata, West Bengal, India – 700016
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IndustryBusiness Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Magma Advisory Services Limited
Magma Advisory Services Limited has one previous CIN (Corporate Identification Number): U65923WB2012PLC181922. The current CIN is U74999WB2012PLC181922, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999WB2012PLC181922 | Current |
| U65923WB2012PLC181922 | Previous |
Associated Brands with Magma Advisory Services Limited
Magma Advisory Services Limited operates one associated brand: Magma HDI General Insurance. These brands represent Magma Advisory Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Operates as a health and general insurance provider. | magmahdi.com |
Competitors & Alternatives of Magma Advisory Services Limited
Brands and companies operating in the same space as Magma Advisory Services Limited include ICICI Lombard, Bajaj Finserv, SarvaGram and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
ICICI Lombard
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Life, health, and general insurance services are provided across India. | Mumbai, India, India | 2001 |
Bajaj Finserv
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Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
SarvaGram
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Provider of home, personal, farm and business loans | Pune, India, India | 2018 |
Bajaj Allianz General Insurance
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Offers insurance for health, vehicles, travel, life, and commercial needs. | Pune, India, India | 2001 |
Royal Sundaram
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General Insurance | Chennai, India, India | 2001 |
IFFCO Tokio
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Provides general insurance services to individuals and businesses. | Gurugram, India, India | 2000 |
HDFC ERGO
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General insurance services are provided across India. | Mumbai, India, India | 2002 |
Liberty General Insurance
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General insurance services are provided across India. | Mumbai, India, India | 2013 |
Reliance General
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General insurance services are provided across India by Reliance General. | Mumbai, India, India | 2001 |
SBI General
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General insurance services are provided in multiple categories. | Mumbai, India, India | 2009 |
Business Activity of Magma Advisory Services Limited
Magma Advisory Services Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Magma Advisory Services Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Magma Advisory Services Limited
Magma Advisory Services Limited is audited by B. S. R. & Co. LLP for the financial year 2017. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. S. R. & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Magma Advisory Services Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors and KMP of Magma Advisory Services Limited
Magma Advisory Services Limited currently reports 5 directors and 2 key managerial personnel. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Makharia | Director | 28 Mar 2015 | 11 Years 4 Months | As last reported |
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Anand Roy
Also directs:
Relief Mattress Make Llp
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Company Secretary | 12 Oct 2014 | 11 Years 9 Months | As last reported |
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Gauri Shankar Agarwal
Also directs:
Truhome Finance Limited
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Cfo | 06 Nov 2014 | 11 Years 8 Months | As last reported |
| Mayank Poddar | Director | 21 May 2015 | 11 Years 2 Months | As last reported |
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Gaurav Parasrampuria
Also directs:
Magma General Insurance Limited
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Director | 21 Feb 2015 | 11 Years 5 Months | As last reported |
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Kalyan Kumar Bose
Also directs:
Celica Properties Private Limited, Celica Developers Private Limited, Celica Motocorp Private Limited and 4 more
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Director | 05 Feb 2013 | 13 Years 5 Months | As last reported |
Financials of Magma Advisory Services Limited FY 2017 filings available
Magma Advisory Services Limited reported revenue of ₹96.04 Lakh (down 63.00% YoY) for FY 2017.
Ten-year financial statements for Magma Advisory Services Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Magma Advisory Services Limited
Shareholding and ownership data for Magma Advisory Services Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Group Structure of Magma Advisory Services Limited
Magma Advisory Services Limited has 2 subsidiary companies. This group structure data is as of FY 2017. The corporate group structure reflects Magma Advisory Services Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Magma Housing Finance Limited | U65922DL2004PLC125931 | Locked |
| Magma Housing Finance Limited | U65922DL2004PLC125931 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings Magma Advisory Services Limited
Magma Advisory Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magma Advisory Services Limited
View historical data on people associated with Magma Advisory Services Limited, including employment history and EPFO contributions.
Employee and EPFO history for Magma Advisory Services Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
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GST Compliance of Magma Advisory Services Limited
GST registrations and filing compliance for Magma Advisory Services Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Magma Advisory Services Limited
Credit ratings, litigation, and regulatory alerts for Magma Advisory Services Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
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MSME Payment Delays by Magma Advisory Services Limited
MSME payment history for Magma Advisory Services Limited
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- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Magma Advisory Services Limited
Corporate group structure for Magma Advisory Services Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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MCA Filings & Documents of Magma Advisory Services Limited
MCA filings and documents for Magma Advisory Services Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Magma Advisory Services Limited
Frequently Asked Questions about Magma Advisory Services Limited
Magma Advisory Services Limited has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Magma Advisory Services Limited is a amalgamated public limited company in the business outsourcing sector based in Kolkata, West Bengal, India. It was incorporated on 21 May 2012 and is registered under CIN U74999WB2012PLC181922. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Magma Advisory Services Limited was incorporated on 21 May 2012. Registered with ROC Kolkata.
The current directors and KMP of Magma Advisory Services Limited are:
- Atul Makharia - Director
- Anand Roy - Company Secretary
- Gauri Shankar Agarwal - Cfo
- Mayank Poddar - Director
- Gaurav Parasrampuria - Director
- Kalyan Kumar Bose - Director
- Ujjal Dugar - Director
The CIN (Corporate Identification Number) of Magma Advisory Services Limited is U74999WB2012PLC181922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Magma Advisory Services Limited is business outsourcing. The company specifically operates in business and IT consulting.