Magma Advisory Services Limited

Magma Advisory Services Limited - business outsourcing in Kolkata, West Bengal, India. Directors, charges & compliance details.
CIN U74999WB2012PLC181922 Incorporated 21 May 2012 ROC Kolkata HQ Kolkata, West Bengal, India
Merged Public Limited Company business outsourcing
Revenue · FY 2017
₹96.04 Lakh
▼ 63% YoY
Net loss · FY 2017
₹94,000
Net margin -1%
EBITDA · FY 2017
-₹57,000
EBITDA margin -0.6%
Authorised capital
₹65 Cr
Registered with MCA
Paid-up capital
₹56.67 Cr
Issued & subscribed
Company age
14 yrs
Est. 2012
Directors on board
7
As per MCA filings
Key managerial staff
2
CEO, CFO, company secretary

About Magma Advisory Services Limited

Data last updated:

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 operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 May 2012.

The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB2012PLC181922. Its GSTIN is 19AAHCM9335J1ZX (West Bengal).

The company had an authorised share capital of ₹65 Cr and a paid-up capital of ₹56.67 Cr. It was formerly known as Magma Housing Finance Limited. It was led by directors including Atul Makharia and Mayank Poddar.

Its last annual general meeting (AGM) was held on 25 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 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. For the same year it recorded a net loss of ₹94,000 (net margin -1%) and EBITDA of -₹57,000 (EBITDA margin -0.6%).

Its group structure included 2 subsidiaries.

The company was associated with 1 brand: Magma HDI General Insurance. Court records list 1,868 cases involving the company, including 1,799 filed by the company and 69 filed against it; 1,333 cases are pending.

The last known website on record is magma.co.in.

Company details

CIN U74999WB2012PLC181922
Registration Number 181922
Incorporation Date 21 May 2012
ROC Kolkata
Listing Status Unlisted
Company Status Amalgamated
Parent Company Magma Fincorp Limited

CIN history

Magma Advisory Services has one previous CIN (Corporate Identification Number): U65923WB2012PLC181922. The current CIN is U74999WB2012PLC181922, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74999WB2012PLC181922Current
U65923WB2012PLC181922Previous

Contact details

Magma Advisory Services Limited's registered office is in Kolkata, West Bengal. Its website is magma.co.in. Its e-mail address is in the company report.

  • Email
  • Social Media
  • Apps
  • Registered Address
    Magma House 24 Park Street, Kolkata, West Bengal, India – 700016
  • Industry
    Business Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management

To see the full contact details of Magma Advisory Services Limited, buy the company report.

Comprehensive company report
Magma Advisory Services 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

Magma Advisory Services operates one associated brand: Magma HDI General Insurance. Each brand links to its own profile.

BrandDescriptionWebsite
Operates as a health and general insurance provider.magmahdi.com

Business activity

The main business activity of Magma Advisory Services is support service to organizations. In detail, this covers other support services to organizations.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Magma Advisory Services Limited, buy the company report.

Financials of Magma Advisory Services Limited

FY 2017 filings available

Magma Advisory Services Limited reported revenue of ₹96.04 Lakh (down 63% YoY) for FY 2017.

Revenue · FY 2017
₹96.04 Lakh ▼ 63%
Net loss · FY 2017
₹94,000 margin -1%
EBITDA · FY 2017
-₹57,000 margin -0.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 63%
EBITDA CAGR growth
1 year
▼ 116%

Revenue fell 63% in the latest year. EBITDA fell 116% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹96.04 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹57,000
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹94,000
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin-0.6%
Net Profit Margin-1%
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

To see the full financial statements and ratios of Magma Advisory Services Limited, buy the company report.

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.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Atul MakhariaDirector28 Mar 201511 Years 7 MonthsAs last reported
Anand RoyCompany Secretary12 Oct 201412 Years 1 MonthsAs last reported
Gauri Shankar AgarwalCfo06 Nov 201412 Years 0 MonthsAs last reported
Mayank PoddarDirector21 May 201511 Years 5 MonthsAs last reported
Gaurav ParasrampuriaDirector21 Feb 201511 Years 8 MonthsAs last reported
Kalyan Kumar BoseDirector05 Feb 201313 Years 9 MonthsAs last reported
Showing 6 of 7 current directors and KMP. View all directors and KMP

Auditor

Magma Advisory Services Limited is audited by B. S. R. & Co. LLP for the financial year 2017.

Auditor firmFinancial yearFirm registration number
B. S. R. & Co. LLPFY 2017101248W/W-

Shareholding

The shareholding of Magma Advisory Services Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Magma Advisory Services Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Magma Advisory Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Magma Advisory Services has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Magma Housing Finance LimitedU65922DL2004PLC125931
Magma Housing Finance LimitedU65922DL2004PLC125931

To see the full group structure of Magma Advisory Services Limited, buy the company report.

GST

Magma Advisory Services has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
19AAHCM9335J1ZXWest BengalActive01 Jul 2017

To see the full GST registrations and return filing status of Magma Advisory Services Limited, buy the company report.

Recent activity

Magma Advisory Services Limited has 17 board changes on record since 2013: 7 appointments and 10 cessations. The latest: Rajesh Singhania ceased to be Manager on 16 Oct 2015.

AGM
Magma Advisory Services Limited last Annual general meeting of members was held on 25 Jul 2017 as per latest MCA records.
Filing
Magma Advisory Services Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Kolkata.
Ceased
Rajesh Singhania ceased to be Manager.
Ceased
Atul Makharia ceased to be Additional Director.
Ceased
Gaurav Parasrampuria ceased to be Additional Director.
Ceased
Mayank Poddar ceased to be Additional Director.
Ceased
Ujjal Dugar ceased to be Additional Director.
Appointed
Mayank Poddar was appointed as Director.
Ceased
Sanjay Chamria ceased to be Director.
Appointed
Atul Makharia was appointed as Director.
Appointed
Ujjal Dugar was appointed as Director.
Appointed
Gaurav Parasrampuria was appointed as Director.

8 earlier events are in the company report.

Frequently asked questions

Magma Advisory Services 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 was a public limited company based in Kolkata, West Bengal, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 May 2012 and is registered under CIN U74999WB2012PLC181922. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Magma Advisory Services was incorporated on 21 May 2012. It is registered with the Registrar of Companies, Kolkata.

Magma Advisory Services had 7 directors and KMP:

The CIN (Corporate Identification Number) of Magma Advisory Services is U74999WB2012PLC181922. 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 Magma Advisory Services is at Magma House 24 Park Street, Kolkata, West Bengal, India – 700016.

Magma Advisory Services can be reached through the website magma.co.in. Its registered office is in Kolkata, West Bengal, India.

The latest financial statements of Magma Advisory Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 25 July 2017. Year-wise statements from 2015 are in the company report.

The GSTIN of Magma Advisory Services is 19AAHCM9335J1ZX, registered in West Bengal.

Magma Advisory Services operated in the business outsourcing industry, in the business and IT consulting segment.