MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-02-0025421
Magnaquest Technologies Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.87 Cr
▲ 3% YoY
Net profit · FY 2024
₹1.63 Cr
Net margin 5.3%
EBITDA · FY 2024
₹8.02 Cr
EBITDA margin 26%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.31 Cr
Issued & subscribed
Open charges
₹26.37 Cr
Satisfied ₹22.73 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
174
Provident fund records
About Magnaquest Technologies Limited
Data last updated:
Magnaquest Technologies Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 14 October 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG1997PLC028163. Its GSTIN is 36AACCM3117F1ZV (Telangana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.31 Cr. It was formerly known as Zeus Software Private Limited and Magnaquest Technologies Private Limited. It is led by directors including Vijay Kumar Debbad (Managing Director) and Pasupathinath Pala.
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 Jain Sadguru Images Capital Park, Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.87 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.63 Cr (net margin 5.3%) and EBITDA of ₹8.02 Cr (EBITDA margin 26%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 174 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Magnaquest. As per MCA filings, the company has open charges of ₹26.37 Cr and satisfied charges of ₹22.73 Cr on record. Court records list 30 cases involving the company, including 9 filed by the company and 18 filed against it; 10 cases are pending.
Magnaquest Technologies Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0025421). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnaquest.com.
Company Details of Magnaquest Technologies Limited
CIN U72200TG1997PLC028163
Registration Number 028163
Incorporation Date 14 October 1997
ROC Hyderabad
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 Small
Udyam Registration UDYAM-TS-02-0025421
Name History of Magnaquest Technologies Limited
Magnaquest Technologies has undergone 2 name changes throughout its history. The company was previously known as Zeus Software Private Limited, and Magnaquest Technologies Private Limited. The current legal name is Magnaquest Technologies Limited.
| Company Name | Status |
|---|---|
| Magnaquest Technologies Limited | Current |
| Zeus Software Private Limited | Previous |
| Magnaquest Technologies Private Limited | Previous |
CIN History of Magnaquest Technologies Limited
Magnaquest Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200TG1997PLC028163, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG1997PLC028163 | Current |
| U72200AP1997PTC028163 | Previous |
| U72200AP1997PLC028163 | Previous |
Key People
Vijay Kumar Debbad Managing Director Pasupathinath Pala Director Savita Shamsunder Director Recognitions & Rankings of Magnaquest Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No.1 – 98/4/1 To 13 28 & 29 8th Floor Office No.806, Jain Sadguru Images Capital Park Image Garden Road, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, SaaS (Software as a Service) Providers
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Associated Brands with Magnaquest Technologies Limited
Magnaquest Technologies operates one associated brand: Magnaquest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Subscription billing management platform is provided for automating revenue processes. | magnaquest.com |
Business Activity of Magnaquest Technologies Limited
The main business activity of Magnaquest Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Magnaquest Technologies Limited FY 2024 filings available
Magnaquest Technologies Limited reported revenue of ₹30.87 Cr (up 3% YoY) for FY 2024.
Revenue · FY 2024
₹30.87 Cr ▲ 3%
Net profit · FY 2024
₹1.63 Cr margin 5.3%
EBITDA · FY 2024
₹8.02 Cr margin 26%
Compounded Annual Growth Rate (CAGR) of Magnaquest Technologies Limited
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 20%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 3% growth in the latest year. EBITDA rose 19% 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 Magnaquest Technologies Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹8.02 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.63 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 of Magnaquest Technologies Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Magnaquest Technologies are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Magnaquest Technologies Limited
Magnaquest Technologies has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Debbad Also directs: Optculture Private Limited | Managing Director | 14 Nov 1997 | 28 Years 11 Months | Current |
| Pasupathinath Pala Also directs: Safehaven Treasury Services Private Limited | Director | 02 May 2014 | 12 Years 5 Months | Current |
| Savita Shamsunder Also directs: Optculture Private Limited | Director | 01 Feb 2017 | 9 Years 8 Months | Current |
Peer Comparison of Magnaquest Technologies Limited
Magnaquest Technologies Limited is compared with the companies closest to it by revenue in the Information Technology industry (SaaS Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zwayam Digital Private Limited | ₹35.69 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Prudence Analytics and Software Solutions Private Limited | ₹33.63 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Mumbai, Maharashtra, India |
| Mindera India Private Limited | ₹33.58 Cr (FY 2023) | •••• | •••• | 90.0% | •••• | Kottivaram, Tamil Nadu, India |
| Immensitas Private Limited | ₹33.19 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | New Delhi, Delhi, India |
| Ipankh Technology Private Limited | ₹32.07 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Magnaquest Technologies Limited this company | ₹30.87 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Hyderabad, Telangana, India |
| Stella Express and Logistics Private Limited | ₹27.08 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Guwahati, Assam, India |
| Blue Pencil Strategies Private Limited | ₹26.86 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Actyv.Ai Platforms India Private Limited | ₹26.81 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Nusyn Digital Solutions Private Limited | ₹26.55 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Bangalore, Karnataka, India |
| Magnet Brains Software Technology Private Limited | ₹25.36 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Magnaquest Technologies by revenue in the Information Technology industry (SaaS Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magnaquest Technologies Limited
Magnaquest Technologies Limited is audited by KUMAR & REDDY Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KUMAR & REDDY Chartered Accountants | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Magnaquest Technologies Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Magnaquest Technologies Limited
Open charges
₹26.37 Cr
Satisfied charges
₹22.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Feb 2024 | Others | ₹9.98 Cr | Open |
| 04 Nov 2023 | Hdfc Bank Limited | ₹25.43 Lakh | Open |
| 26 Apr 2023 | Others | ₹7 Cr | Open |
| 26 Apr 2023 | Others | ₹6 Cr | Open |
| 29 Jul 2016 | Others | ₹70 Lakh | Open |
Total charge records: 17 View all charges
Legal Cases of Magnaquest Technologies Limited
Magnaquest Technologies Limited has 30 court cases on record: 9 filed by Magnaquest Technologies, 18 filed against it, 3 where it is another party. 10 cases are pending and 20 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
30
Filed by the company
9
Filed against the company
18
Pending
10
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 18 | 5 |
| High courts | 10 | 0 | 5 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by Enterprise Private Limited | Pending |
| District court, New Delhi, Delhi | Court case (OMP (MISC.) (COMM.)) | Filed against the company by Interactive Network Private Limited | Disposed |
| District court, Rangareddy, Telangana | Execution petition | Filed against the company by International Travel House Limited | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Apna Tele Link Private Limited | Disposed |
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by Triple Play Interactive Network Private Limited | Disposed |
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Full case history
All 30 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Magnaquest Technologies Limited
Magnaquest Technologies Limited has a workforce of 174 employees as of Apr 05, 2024.
Employee count
174
Active EPFO establishments
1
Employee growth
-9.38%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Magnaquest Technologies Limited
Magnaquest Technologies has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Optculture Private Limited | U72900TG2016PTC112013 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Magnaquest Technologies Limited
Magnaquest Technologies Limited has 8 board changes on record since 1997: 3 appointments and 5 cessations. The latest: Rammohan Reddy Bommireddi ceased to be Director on 29 Jun 2018.
AGM
Magnaquest Technologies Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Magnaquest Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Others amounted to Rs. 9.98 Cr with Charge ID 100884823 was registered on 29 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100809989 was registered on 04 Nov 2023.
Charges
A charge registered on 12 Jan 2015 via Charge ID 10549133 with Indusind Bank Ltd. was fully satisfied on 04 Aug 2023.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100742069 was registered on 26 Apr 2023.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100740660 was registered on 26 Apr 2023.
Ceased
Rammohan Reddy Bommireddi ceased to be Director.
Ceased
Rajiv Debbad ceased to be Director.
Appointed
Savita Shamsunder was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 100044132 was registered on 29 Jul 2016.
Charges
A charge with Indusind Bank Ltd. of Rs. 12.00 Cr registered on 12 Jan 2015 with Charge ID 10549133 was modified on 05 Jan 2016.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Magnaquest Technologies Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Magnaquest Technologies Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Magnaquest Technologies Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Magnaquest Technologies Limited
Magnaquest Technologies has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCM3117F1ZV | Telangana | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Magnaquest Technologies Limited
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Related news about Magnaquest Technologies Limited
Frequently Asked Questions about Magnaquest Technologies Limited
Magnaquest Technologies is an active public limited company based in Hyderabad, Telangana, India. The company works in saas (software as a service) providers, within the information technology industry. It was incorporated on 14 October 1997 (29+ years old) and is registered under CIN U72200TG1997PLC028163.
Magnaquest Technologies reported revenue of ₹30.87 Cr for FY 2024 (up 3% YoY).
Magnaquest Technologies has 3 current directors:
- Vijay Kumar Debbad - Managing Director
- Pasupathinath Pala - Director
- Savita Shamsunder - Director
Magnaquest Technologies reported a net profit of ₹1.63 Cr (net margin 5.3%) and EBITDA of ₹8.02 Cr (EBITDA margin 26%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magnaquest Technologies is 7% over three years. In the latest year (FY 2024) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magnaquest Technologies is 36AACCM3117F1ZV, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Magnaquest Technologies is U72200TG1997PLC028163. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnaquest Technologies has 30 court cases on record: 9 filed by the company and 18 filed against it. 10 are pending. Most are in the district courts.
Magnaquest Technologies was incorporated on 14 October 1997, making it 29+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Magnaquest Technologies by revenue are Zwayam Digital Private Limited, Prudence Analytics and Software Solutions Private Limited, Mindera India Private Limited, Immensitas Private Limited, Ipankh Technology Private Limited and 5 more, all in the Information Technology industry (SaaS Providers).
Rammohan Reddy Bommireddi ceased to be Director on 29 Jun 2018. Rajiv Debbad ceased to be Director on 31 Jul 2017. Savita Shamsunder was appointed as Director on 01 Feb 2017. Magnaquest Technologies has 8 board changes on record in total.