About Magna Electronics India Private Limited
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Magna Electronics India Private Limited is a foreign private limited company based in Bangalore North, Karnataka, India, a subsidiary of Veoneer Ab. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 26 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35923KA2017FTC108947. Its GSTIN is 29AAFCN8835Q1ZG (Karnataka). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹140 Cr and a paid-up capital of ₹140 Cr. It was formerly known as Veoneer India Private Limited and New Ele Ab Autoliv India Private Limited. It is led by directors John Harold Rogers and Lionel Edward Jordan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore North, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹169.17 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹13.42 Cr (net margin 7.9%) and EBITDA of ₹30.83 Cr (EBITDA margin 18.2%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 12% over five years.
The company has about 413 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Veoneer.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veoneerindia.teamtailor.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. G – 1006 Ground Floor, Block No. 1 In The Complex Known As Janapriya Hanuma Reddy Complex Also Known As Ardente Office One, Bangalore North, Karnataka, India – 560048
- IndustryAutomotive, Auto Dealership & Trading
- 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
- One PDF report, delivered after checkout
Name History of Magna Electronics India Private Limited
Magna Electronics India has undergone 2 name changes throughout its history. The company was previously known as Veoneer India Private Limited, and New Ele Ab Autoliv India Private Limited. The current legal name is Magna Electronics India Private Limited.
| Company Name | Status |
|---|---|
| Magna Electronics India Private Limited | Current |
| Veoneer India Private Limited | Previous |
| New Ele Ab Autoliv India Private Limited | Previous |
Associated Brands with Magna Electronics India Private Limited
Magna Electronics India operates one associated brand: Veoneer. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tech-enabled vision-based ADAS and autonomous vehicle solutions are provided. | veoneer.com |
Competitors & Alternatives of Magna Electronics India Private Limited
Brands and companies operating in the same space as Magna Electronics India Private Limited include Mobileye, Indie Semiconductor, Black Sesame Technologies and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Mobileye | AI-based system-on-chips are developed for advanced driver assistance systems. | Jerusalem, Israel | 1999 |
 Indie Semiconductor | Manufacturer of SoCs for automotive industry | Aliso Viejo, United States | 2007 |
 Black Sesame Technologies | Developer of AI-based chips for machine vision tasks | Pudong, China | 2016 |
 Autobrains | AI-enabled perception solutions for autonomous vehicles are provided. | Tel Aviv, Israel | 2019 |
 Aviva Links | AI-enabled connectivity solutions for autonomous driving are offered. | San Jose, United States | 2020 |
 Freetech | Supplier of ADAS & automotive active safety stems | Hangzhou, China | 2016 |
 Guoqi Intelligent Control Technology | Cloud-enabled vehicle control solutions are developed for autonomous driving. | Beijing, China | 2020 |
Business Activity of Magna Electronics India Private Limited
The main business activity of Magna Electronics India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Magna Electronics India Private Limited
Magna Electronics India Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magna Electronics India Private Limited
Magna Electronics India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| John Harold Rogers | Director | 09 Feb 2024 | 2 Years 7 Months | Current |
| Lionel Edward Jordan | Director | 24 Mar 2025 | 1 Years 6 Months | Current |
Financials of Magna Electronics India Private Limited FY 2025 filings available
Magna Electronics India Private Limited reported revenue of ₹169.17 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magna Electronics India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 24% fall in the latest year. EBITDA fell 45% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Magna Electronics India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹30.83 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.42 Cr | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Magna Electronics India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magna Electronics India are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Magna Electronics India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magna Electronics India Private Limited
Magna Electronics India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magna Electronics India Private Limited
Magna Electronics India Private Limited has a workforce of 413 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Magna Electronics India Private Limited
Magna Electronics India has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN8835Q1ZG | Karnataka | Active | 22 Feb 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Magna Electronics India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magna Electronics India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magna Electronics India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magna Electronics India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Magna Electronics India Private Limited
Frequently Asked Questions about Magna Electronics India Private Limited
Magna Electronics India is an active foreign private limited company based in Bangalore North, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 26 December 2017 (9+ years old) and is registered under CIN U35923KA2017FTC108947.
Magna Electronics India reported revenue of ₹169.17 Cr for FY 2025 (down 24% YoY).
Magna Electronics India has 2 current directors:
- John Harold Rogers - Director
- Lionel Edward Jordan - Director
Magna Electronics India reported a net profit of ₹13.42 Cr (net margin 7.9%) and EBITDA of ₹30.83 Cr (EBITDA margin 18.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magna Electronics India is -22% over three years and -12% over five years. In the latest year (FY 2025) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magna Electronics India is 29AAFCN8835Q1ZG, registered in Karnataka. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Magna Electronics India is U35923KA2017FTC108947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magna Electronics India was incorporated on 26 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Magna Electronics India can be reached through the website veoneerindia.teamtailor.com. Its registered office is in Bangalore North, Karnataka, India.