Magma Itl Finance Limited - Company Profile

Q: Who are the current directors of Magma Itl Finance Limited?

The current directors of Magma Itl Finance Limited are Mayank Poddar, Stuti Pithisaria, Rajesh Singhania, Satya Ganguly Brata, Sanjay Chamria, Sumit Binani.

It is a financial services public limited company based in Kolkata, West Bengal, India, established in 2007.

2007 Kolkata, West Bengal, India Amalgamated

Last Updated: July 23, 2025

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About Magma Itl Finance Limited

Magma Itl Finance Limited, a amalgamated public limited company, was established on 01 November 2007 in Kolkata, West Bengal, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U65910WB2007PLC120137. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹175.00 Cr and a paid-up capital of ₹45.00 Cr.

Employing 161 professional, Its leadership includes Mayank Poddar (Director), Stuti Pithisaria (Company Secretary), Satya Ganguly Brata (Director). Past directors included Ritu Bhojak, Sanjay Mathur, Ravi Todi. It holds no open charges and ₹360.00 Cr settled loans. Its latest AGM occurred on 22 July 2017, with the balance sheet filed on 31 March 2017. It is based at Magma House 24 Park Street, Kolkata, West Bengal, 700016.

Company Details

CIN/LLPIN
U65910WB2007PLC120137
Registration Number
120137
Incorporation Date
01 November 2007
Authorized Capital
₹175.00 Cr
Paid-Up Capital
₹45.00 Cr
ROC Code
Roc Kolkata
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 175.00 Cr as on 23-07-2025
Paid Up Capital ₹ 45.00 Cr as on 23-07-2025
Company Age 18 Year, 3 Months
Last Filing with ROC 31 Mar 2017
Satisfied Charges ₹ 360.00 Cr as on 23-07-2025
Revenue Growth **** 9.85% (FY 2017)
Profit Growth **** -467.36% (FY 2017)
Ebitda **** -33.76% (FY 2017)
Net Worth -18.42% (FY 2017)
Total Assets -12.22% (FY 2017)

Comprehensive Company Insights

Explore comprehensive insights into Magma Itl Finance Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Magma Itl Finance Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mayank Poddar	Director	27 May 2011	Current
Stuti Pithisaria	Company Secretary	26 Nov 2013	Current
Satya Ganguly Brata	Director	20 Aug 2014	Current
Rajesh Singhania	Cfo	27 Oct 2015	Current
Sanjay Chamria	Director	01 Nov 2007	Current
Sumit Binani	Director	31 Mar 2015	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	15 Feb 2011	Past
Pramod Abcsdd	Manager	-	Past
Pramod Abcsdd	Director	27 May 2011	Past
Pramod Abcsdd	Director	22 Aug 2017	Past
Pramod Abcsdd	Additional Director	14 Jul 2008	Past
Pramod Abcsdd	Key Managerial Personnel	-	Past

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Financial Performance of Magma Itl Finance.

Magma Itl Finance Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 9.85% increase. The company also saw a substantial fall in profitability, with a 467.36% decrease in profit. The company's net worth observed a substantial decline by a decrease of 18.42%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

9.85%

*******

Revenue from Operations

*******

9.69%

*******

Total Assets

*******

-12.22%

*******

Profit or Loss

*******

-467.36%

*******

Net Worth

*******

-18.42%

*******

EBITDA

*******

-33.76%

*******

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What is the Ownership and Shareholding Structure of Magma Itl Finance?

In 2017, Magma Itl Finance had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹3,600,000,000.00

Charges Breakdown by Lending Institutions

State Bank Of Mysore : 90.00 Cr
Idbi Bank Limited : 75.00 Cr
Icici Bank Limited : 55.00 Cr
Dcb Bank Limited : 50.00 Cr
Indusind Bank : 30.00 Cr
Others : 60.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
23 Dec 2013	Dcb Bank Limited	₹50.00 Cr	Satisfied
27 Aug 2013	Idbi Bank Limited	₹75.00 Cr	Satisfied
28 Dec 2012	Icici Bank Limited	₹55.00 Cr	Satisfied
20 Dec 2012	United Bank Of India	₹25.00 Cr	Satisfied
17 Dec 2011	State Bank Of Mysore	₹50.00 Cr	Satisfied

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How Many Employees Work at Magma Itl Finance?

Magma Itl Finance has a workforce of 161 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Magma Itl Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magma Itl Finance's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Magma Itl Finance

Recent Activity within the Organization

Charges

Progress on A charge registered on 28 Dec 2012 via Charge ID 10394074 with Icici Bank Limited was fully satisfied on 19 Jan 2018. was documented.
19 Jan 2018
Charges

The activity A charge registered on 23 Dec 2013 via Charge ID 10468247 with Dcb Bank Limited was fully satisfied on 29 Dec 2017. was completed.
29 Dec 2017
Charges

A charge registered on 20 Dec 2012 via Charge ID 10394843 with United Bank Of India was fully satisfied on 29 Dec 2017. was recorded as a recent event.
29 Dec 2017
Annual General Meeting

Progress on Magma Itl Finance Limited last Annual general meeting of members was held on 22 Jul 2017 as per latest MCA records. was documented.
22 Jul 2017
Balance Sheet

The activity Magma Itl Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Kolkata. was completed.
31 Mar 2017
Charges

Progress on A charge registered on 27 Aug 2013 via Charge ID 10445149 with Idbi Bank Limited was fully satisfied on 16 Mar 2017. was documented.
16 Mar 2017

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