MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-10-0005706
Magna Wires Pvt Ltd
Magna Wires Pvt Ltd - manufacturing in Jalandhar, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹28.84 Cr
▼ 35% YoY
Net profit · FY 2025
₹2.73 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹83.61 Lakh
EBITDA margin 2.9%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹64.58 Lakh
Issued & subscribed
Open charges
₹30.22 Cr
Satisfied ₹12.46 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
13
Provident fund records
About Magna Wires Pvt Ltd
Data last updated:
Magna Wires Pvt Ltd is a private limited company based in Jalandhar, Punjab, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 25 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27201PB1992PTC012557. Its GSTIN is 03AAECM8303M1ZH (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹64.58 Lakh. It is led by directors Ajit Kumar Jain and Yogesh Singh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/119 Industrialfocal Point Extension Jalandhar, Punjab, India – 144004.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.84 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹2.73 Lakh (net margin 0.1%) and EBITDA of ₹83.61 Lakh (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.22 Cr and satisfied charges of ₹12.46 Cr on record. Court records list 14 cases involving the company, including 10 filed by the company and 4 filed against it; 2 cases are pending.
Magna Wires Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-10-0005706). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27201PB1992PTC012557
Registration Number 012557
Incorporation Date 25 August 1992
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-10-0005706
Key People
Ajit Kumar Jain Director Yogesh Singh Director Recognitions & Rankings of Magna Wires
Contact details
Magna Wires Pvt Ltd's registered office is in Jalandhar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/119 Industrialfocal Point Extension Jalandhar, Punjab, India – 144004
- IndustryManufacturing, Cable & Wire
To see the full contact details of Magna Wires Pvt Ltd, buy the company report.
Comprehensive company report
Magna Wires Pvt Ltd - 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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Business activity
The main business activity of Magna Wires is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Magna Wires Pvt Ltd, buy the company report.
Financials of Magna Wires Pvt Ltd
FY 2024 filings availableMagna Wires Pvt Ltd reported revenue of ₹28.84 Cr (down 35% YoY) for FY 2025.
Revenue · FY 2025
₹28.84 Cr ▼ 35%
Net profit · FY 2025
₹2.73 Lakh margin 0.1%
EBITDA · FY 2025
₹83.61 Lakh margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 16%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 5%
5 years · compounded
▼ 2%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 35% fall in the latest year. EBITDA fell 24% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹83.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.73 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Magna Wires Pvt Ltd, buy the company report.
Board of directors of Magna Wires Pvt Ltd
Magna Wires has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Kumar Jain | Director | 31 May 2024 | 2 Years 5 Months | Current |
| Yogesh Singh Also directs: Skyward Rolling & Alloys Limited, V R Insulations Pvt Ltd | Director | 31 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Magna Wires Pvt Ltd is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dudeja Interconnect System Private Limited | ₹29.28 Cr (FY 2024) | 5.0% | Faridabad, Haryana, India | |||
| Shh-Technologies Private Limited | ₹29.12 Cr (FY 2025) | -42.0% | New Delhi, Delhi, India | |||
| Magna Wires Pvt Ltdthis company | ₹28.84 Cr (FY 2025) | ₹2.73 Lakh | 0.1% | -35.0% | 13 | Jalandhar, Punjab, India |
| Oshima Systems Private Limited | ₹28.41 Cr (FY 2025) | 2.0% | Mangalore, Karnataka, India |
To see the full peer comparison of Magna Wires Pvt Ltd, buy the company report.
Auditor
Magna Wires Pvt Ltd is audited by KAPUR AMIT & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAPUR AMIT & ASSOCIATES | FY 2022 | 0020411N |
Shareholding
The shareholding of Magna Wires Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magna Wires Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹30.22 Cr
Satisfied charges
₹12.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2025 | 101051267 | Hdfc Bank Limited | ₹15.65 Lakh | Open | |
| 20 Jun 2024 | 100951268 | Axis Bank Limited | ₹22.16 Cr | Open | |
| 21 Dec 2011 | 10325913 | Hdfc Bank Limited | ₹7.9 Cr | Open | |
| 18 Jan 2000 | 90180235 | State Bank of India | ₹11.31 Cr | Satisfied | |
| 21 Apr 1997 | 90179878 | State Bank of India | ₹1.15 Cr | Satisfied |
To see the full charge records of Magna Wires Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Magna Wires Pvt Ltd has 14 court cases on record: 10 filed by Magna Wires, 4 filed against it. 2 cases are pending and 12 are disposed.
Total cases
14
Filed by the company
10
Filed against the company
4
Pending
2
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 2 |
| Supreme Court | 2 | 2 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed by the company against Union of India and Others and 4 others | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against State of Punjab and Another and 1 other | Pending |
| Supreme Court | Appeal | Filed against the company by Income Tax Officer | Disposed |
| Supreme Court | Appeal | Filed against the company by Income Tax Officer Ward 1 (1) Jalandhar | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab and Others | Disposed |
To see the full case history of Magna Wires Pvt Ltd, 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.
MSME payment delays
Magna Wires Pvt Ltd has 2 MSME Form 1 returns on record between 2019 and 2020, listing 47 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Bhawani Metalloy Private Limited | |||
| an individual supplier | |||
| Simran Wires Industries | |||
| Pilot Industries Ltd |
To see the full MSME payment records of Magna Wires Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Magna Wires Pvt Ltd has a workforce of 13 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-18.75%
GST
Magna Wires has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECM8303M1ZH | Punjab | Active | 01 Jul 2017 |
| 03AAECM8303M1DQ | Punjab | Active | 17 Dec 2024 |
To see the full GST registrations and return filing status of Magna Wires Pvt Ltd, buy the company report.
Recent activity
Magna Wires Pvt Ltd has 15 board changes on record since 2007: 2 appointments and 13 cessations. The latest: Ajit Kumar Jain ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101051267 was registered on 18 Feb 2025.
AGM
Magna Wires Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ajit Kumar Jain ceased to be Additional Director.
Ceased
Yogesh Singh ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 22.16 Cr with Charge ID 100951268 was registered on 20 Jun 2024.
Appointed
Ajit Kumar Jain was appointed as Director.
Appointed
Yogesh Singh was appointed as Director.
Filing
Magna Wires Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 7.90 Cr registered on 21 Dec 2011 with Charge ID 10325913 was modified on 09 Feb 2021.
Ceased
Vineet Jain ceased to be Director.
Ceased
Vishal Jain ceased to be Director.
Ceased
Vishal Jain ceased to be Director.
15 earlier events are in the company report.
Frequently asked questions
Magna Wires is an active private limited company based in Jalandhar, Punjab, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 25 August 1992 (34+ years old) and is registered under CIN U27201PB1992PTC012557.
Magna Wires has 2 current directors:
- Ajit Kumar Jain - Director
- Yogesh Singh - Director
The latest financial statements of Magna Wires on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Magna Wires is 03AAECM8303M1ZH, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAECM8303M1DQ (Punjab).
The CIN (Corporate Identification Number) of Magna Wires is U27201PB1992PTC012557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magna Wires has 14 court cases on record: 10 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Magna Wires was incorporated on 25 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Magna Wires by revenue are Dudeja Interconnect System Private Limited, Shh-Technologies Private Limited, Oshima Systems Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Ajit Kumar Jain ceased to be Additional Director on 29 Sep 2024. Yogesh Singh ceased to be Additional Director on 29 Sep 2024. Ajit Kumar Jain was appointed as Director on 31 May 2024. Magna Wires has 15 board changes on record in total.
Yes, Magna Wires is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-10-0005706).
Magna Wires has 2 MSME Form 1 returns on record between 2019 and 2020, listing 47 overdue payments to 18 micro and small suppliers. The latest return was filed on 01 Jul 2020.
The registered office of Magna Wires is at C119 Industrialfocal Point Extension Jalandhar, Punjab, India – 144004.
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