About Magma Itl Finance Limited
Data last updated:
Magma Itl Finance 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 non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 01 November 2007.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U65910WB2007PLC120137. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹175 Cr and a paid-up capital of ₹45 Cr. It was led by directors including Mayank Poddar and Satya Ganguly Brata.
Its last annual general meeting (AGM) was held on 22 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 ₹137.83 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹29.69 Cr (net margin -21.5%) and EBITDA of ₹42.15 Cr (EBITDA margin 30.6%).
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Magma HDI General Insurance. As per MCA filings, the company had satisfied charges of ₹360 Cr on record. Court records list 19,311 cases involving the company, including 19,184 filed by the company and 128 filed against it; 6,224 cases are pending. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹44.95 Cr; the latest was in August 2017. Its 7 peer companies in the BFSI industry (Finance, NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 5 smaller; the largest is Tusk Investments Limited with revenue of ₹141.78 Cr.
The last known website on record is magma.co.in.
Company details
Contact details
Magma Itl Finance 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
- Website
- Social Media
- Apps
- Registered AddressMagma House 24 Park Street, Kolkata, West Bengal, India – 700016
- IndustryFinancial Services, NBFC
To see the full contact details of Magma Itl Finance 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
Magma Itl Finance operates one associated brand: Magma HDI General Insurance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a health and general insurance provider. | magmahdi.com |
Business activity
The main business activity of Magma Itl Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Magma Itl Finance Limited, buy the company report.
Financials of Magma Itl Finance Limited
FY 2017 filings availableMagma Itl Finance Limited reported revenue of ₹137.83 Cr (up 10% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year. EBITDA fell 30% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹137.83 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹42.15 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹29.69 Cr | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 30.6% | ||
| Net Profit Margin | -21.5% | ||
| 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 Itl Finance Limited, buy the company report.
Board of directors and KMP of Magma Itl Finance Limited
Magma Itl Finance Limited currently reports 4 directors and 2 key managerial personnel. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Poddar | Director | 27 May 2011 | 15 Years 5 Months | As last reported |
| Stuti Pithisaria | Company Secretary | 26 Nov 2013 | 12 Years 11 Months | As last reported |
| Satya Ganguly Brata | Director | 20 Aug 2014 | 12 Years 2 Months | As last reported |
| Rajesh Singhania | Cfo | 27 Oct 2015 | 11 Years 0 Months | As last reported |
| Sanjay Chamria Also directs: Magma General Insurance Limited, Jaguar Advisory Services Private Limited, Belved Property LLP and 3 more | Director | 01 Nov 2007 | 19 Years 0 Months | As last reported |
| Sumit Binani Also directs: Value Wise Realty LLP, Valuewise Advisory LLP, Greenhome for You Handmade Projects LLP and 5 more | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Magma Itl Finance Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Finance, NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tusk Investments Limited | ₹141.78 Cr (FY 2024) | 551.0% | Kolkata, West Bengal, India | |||
| Fatakpay Digital Private Limited | ₹141.74 Cr (FY 2025) | 1038.0% | Mumbai, Maharashtra, India | |||
| Magma Itl Finance Limitedthis company | ₹137.83 Cr (FY 2017) | -₹29.69 Cr | -21.5% | 10.0% | 1 | Kolkata, West Bengal, India |
| Anmol Commerce Pvt Ltd | ₹136.21 Cr (FY 2025) | 6460.0% | Kolkata, West Bengal, India | |||
| Quant Capital Finance and Investments Private Limited | ₹136.08 Cr (FY 2024) | 130.0% | Mumbai, Maharashtra, India | |||
| Raj Capital and Finance Pvt.Ltd. | ₹135.11 Cr (FY 2025) | 31.0% | Kolkata, West Bengal, India | |||
| Mount Intra Finance Pvt Ltd | ₹134.51 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Roha Housing Finance Private Limited | ₹133.75 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magma Itl Finance Limited, buy the company report.
Auditor
Magma Itl Finance Limited is audited by B S R & Co. LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2017 | 101248W/W- |
Shareholding
The shareholding of Magma Itl Finance 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 category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magma Itl Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2013 | 10468247 | Dcb Bank Limited | ₹50 Cr | Satisfied | |
| 27 Aug 2013 | 10445149 | Idbi Bank Limited | ₹75 Cr | Satisfied | |
| 28 Dec 2012 | 10394074 | Icici Bank Limited | ₹55 Cr | Satisfied | |
| 20 Dec 2012 | 10394843 | United Bank of India | ₹25 Cr | Satisfied | |
| 17 Dec 2011 | 10323076 | State Bank of Mysore | ₹50 Cr | Satisfied |
To see the full charge records of Magma Itl Finance Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Magma Itl Finance Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹44.95 Cr; the latest was in August 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Poonawalla Fincorp Limited Seller: International Tractors Limited |
| Sep 2011 | Funding round | ₹20 Cr | Investors: Poonawalla Fincorp Limited , International Tractors Limited |
| Jun 2011 | Funding round | ₹10 Cr | Investors: Poonawalla Fincorp Limited , International Tractors Limited |
| Dec 2008 | Funding round | ₹10 Cr | Investors: Poonawalla Fincorp Limited , International Tractors Limited |
| Nov 2007 | Funding round | ₹4.95 Cr | Investors: Poonawalla Fincorp Limited , International Tractors Limited |
To see the full deal history of Magma Itl Finance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Magma Itl Finance Limited has 19,311 court cases on record: 19,184 filed by Magma Itl Finance, 128 filed against it. 6,224 cases are pending and 13,087 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19,285 | 116 | 6,219 |
| High courts | 26 | 12 | 5 |
Cases on record (5 of 19,311)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed against the company | Pending |
| High Court of Punjab and Haryana | Appeal | Filed against the company by an individual | Pending |
| District court, North Dinajpur, West Bengal | Execution petition | Filed by the company against an individual | Pending |
| District court, North Dinajpur, West Bengal | Execution petition | Filed by the company against an individual | Pending |
| District court, North Dinajpur, West Bengal | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Magma Itl Finance 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.
Credit ratings & regulatory alerts
Magma Itl Finance Limited was last rated by Icra on 25 Jul 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Jul 2018 |
To see the full credit ratings and regulatory alerts of Magma Itl Finance Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magma Itl Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magma Itl Finance Limited has a workforce of 1 employees on its EPFO records as of Sep 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 1 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Magma Itl Finance Limited, buy the company report.
GST
Magma Itl Finance has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magma Itl Finance Limited, buy the company report.
Recent activity
Magma Itl Finance Limited has 13 board changes on record since 2007: 6 appointments and 7 cessations. The latest: Dhrubashish Bhattacharya ceased to be Manager on 03 Oct 2017.
25 earlier events are in the company report.
Frequently asked questions
Magma Itl Finance 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 Itl Finance was a public limited company based in Kolkata, West Bengal, India. The company worked in nbfc, within the financial services industry. It was incorporated on 01 November 2007 and is registered under CIN U65910WB2007PLC120137. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magma Itl Finance was incorporated on 01 November 2007. It is registered with the Registrar of Companies, Kolkata.
Magma Itl Finance had 6 directors and KMP:
- Mayank Poddar - Director
- Satya Ganguly Brata - Director
- Sanjay Chamria - Director
- Sumit Binani - Director
- Stuti Pithisaria - Company Secretary
- Rajesh Singhania - Cfo
The CIN (Corporate Identification Number) of Magma Itl Finance is U65910WB2007PLC120137. 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 Itl Finance is at Magma House 24 Park Street, Kolkata, West Bengal, India – 700016.
Magma Itl Finance can be reached through the website magma.co.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Magma Itl Finance on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 July 2017. Year-wise statements from 2015 are in the company report.
No. Magma Itl Finance has 1 GST registration on record and it is cancelled or inactive.
Magma Itl Finance operated in the financial services industry, in the nbfc segment.
Magma Itl Finance has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹44.95 Cr; the latest was in August 2017.
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