About Magnamind Ventures Private Limited
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Magnamind Ventures Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 30 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74900KL2011PTC029257. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.95 Cr. It is led by directors Sreejith Thanikkal Narendranath (Managing Director) and Nasly Mohammed.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Small Industries Park Kenfra Nellad, Ernakulam, Kerala, India – 686669.
As per the financials filed for FY 2023, the company reported a revenue of ₹18,000, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹65.58 Lakh and EBITDA of -₹63.69 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 94% over three years and 80% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.17 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 3 cases are pending. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹7.22 Cr; the latest was in March 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnamind.com.
Company details
Contact details
Magnamind Ventures Private Limited's registered office is in Ernakulam, Kerala. Its website is magnamind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSmall Industries Park Kenfra Nellad, Ernakulam, Kerala, India – 686669
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Magnamind Ventures Private 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
Business activity
The main business activity of Magnamind Ventures is personal and household service. In detail, this covers activities of membership organisations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S1 | Activities of membership organisations |
Financials of Magnamind Ventures Private Limited
FY 2023 filings availableMagnamind Ventures Private Limited reported revenue of ₹18,000 (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over five years, including a 98% fall in the latest year. EBITDA rose 8% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹18,000 | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹63.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹65.58 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Magnamind Ventures Private Limited, buy the company report.
Board of directors of Magnamind Ventures Private Limited
Magnamind Ventures has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nasly Mohammed | Director | 24 Feb 2014 | 12 Years 8 Months | Current |
| Sreejith Thanikkal Narendranath | Managing Director | 30 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Magnamind Ventures Private Limited is audited by TARUN JAGDISH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TARUN JAGDISH AND ASSOCIATES | FY 2023 | 022107S |
Shareholding
The shareholding of Magnamind Ventures Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnamind Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2013 | 10437187 | State Bank of Travancore | ₹6.67 Cr | Open | |
| 24 Jun 2013 | 10437188 | State Bank of Travancore | ₹50 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Magnamind Ventures Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹7.22 Cr; the latest was in March 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹45 Lakh | Investors: 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2014 | Funding round | ₹5.58 Cr | Investors: 4 individuals |
| May 2012 | Funding round | ₹1.64 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Magnamind Ventures Private Limited has 7 court cases on record: 6 filed by Magnamind Ventures, 1 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 2 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by an individual | Pending |
| High Court, Kerala | Writ petition | Filed by the company against The State of Kerala and 6 others | Pending |
| High Court | Writ petition | Filed by the company against State of Kerala and 3 others | Pending |
| District court, Thiruvananthapuram, Kerala | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court | Writ petition | Filed by the company against State of Kerala and 5 others | Disposed |
To see the full case history of Magnamind Ventures Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magnamind Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnamind Ventures Private Limited has a workforce of 11 employees on its EPFO records as of Sep 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 11 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Magnamind Ventures Private Limited, buy the company report.
GST
Magnamind Ventures 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 Magnamind Ventures Private Limited, buy the company report.
Recent activity
Magnamind Ventures Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Moolakkadath Salahuddin ceased to be Director on 03 Mar 2018.
Frequently asked questions
Magnamind Ventures is an active private limited company based in Ernakulam, Kerala, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 30 August 2011 (15+ years old) and is registered under CIN U74900KL2011PTC029257.
Magnamind Ventures has 2 current directors:
- Sreejith Thanikkal Narendranath - Managing Director
- Nasly Mohammed - Director
The latest financial statements of Magnamind Ventures on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Magnamind Ventures has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnamind Ventures is U74900KL2011PTC029257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnamind Ventures has 7 court cases on record: 6 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Magnamind Ventures was incorporated on 30 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
Magnamind Ventures has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹7.22 Cr; the latest was in March 2019.
Moolakkadath Salahuddin ceased to be Director on 03 Mar 2018. Nasly Mohammed was appointed as Director on 24 Feb 2014. Sreejith Thanikkal Narendranath was appointed as Managing Director on 30 Aug 2011.
Magnamind Ventures can be reached through the website magnamind.com. Its registered office is in Ernakulam, Kerala, India.
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