About
Basic Data Updated:
11 days agoMagna Electro Castings Limited has been involved in the production and distribution of ductile and grey iron castings, ranging from 300 grams to a maximum of 2,000 kgs. Additionally, fully machined components are also manufactured in-house through the company's CNC machine shop. MECL serves a diverse range of industries such as automotive, locomotives, valves, windmills, and transmission. The company's manufacturing facility spans over 10 acres, with the main building occupying 7,500 sq mt and the ancillary building covering 15,000 sq mt. MECL is equipped with two wind electric generators, with a combined capacity of 2400 KW. It is worth noting that the company utilizes 60-70% of the total electricity generated by these generators.
Industry
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Website1222442
- Telephone1222442
- Email Address1222442
| CIN/LLPIN/FCRN | L31103TZ1990PLC002836 |
| Company No. | 002836 |
| Stock Symbol | BSE : 517449 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 22 Aug 1990 |
| Date of AGM | 26 Aug 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Listed |
| ROC Code | Roc Coimbatore |
Products or Services related to Magna Electro Castings Limited
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Motor Parts
Financials of Magna Electro Castings Limited
Magna Electro Castings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.16% increase. The company also saw a substantial improvement in profitability, with a 121.53% increase in profit. The company's net worth Soared by an impressive increase of 20.49%.
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Corporate Structure
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People in Magna Electro Castings Limited
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Executive Team (3)
KN
Krishna Narayanaswamy
Managing DirectorAppointment Date: 22-Aug-1990
Status: Current
RR
Ravi Rajagopalan CFOAppointment Date: 30-Jul-2015
Status: Current
DD
Divya Duraisamy Company SecretaryStatus: Current
Board Members(8)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 06 Aug 2021 | ₹5.00 Cr | Open |
Corporation Bank Creation Date: 22 Mar 1999 | ₹1.00 Cr | Open |
Others Creation Date: 26 Mar 1996 | ₹20.25 Cr | Open |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
Lakshmi Life Sciences Private Limited
Active
14 years 9 months Vijayalakshmi Narendra is a mutual person
Recent activity within the organization
Annual General Meeting
Magna Electro Castings Limited last Annual general meeting of members was held on 26 Aug 2023 as per latest MCA records.
26 Aug 2023Charges
A charge with Axis Bank Limited of Rs. 5.00 cr registered on 06 Aug 2021 with Charge ID 100477824 was modified on 31 Mar 2023.
31 Mar 2023Charges
A charge with Others of Rs. 20.25 cr registered on 26 Mar 1996 with Charge ID 90008366 was modified on 31 Mar 2023.
31 Mar 2023Balance Sheet
Magna Electro Castings Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
31 Mar 2023Director Appointment
Rajkumar Doraisamy Gopalasamy was appointed as a Director was appointed as a Director on 31 Jan 2022 & has been associated with this company since 2 years 3 months .
31 Jan 2022
Frequently asked questions
What is the Incorporation or founding date of Magna Electro Castings Limited?
