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 32 cases involving the company, including 9 filed by the company and 23 filed against it; 11 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
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
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
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
Magnaquest Technologies Limited's registered office is in Hyderabad, Telangana. Its website is magnaquest.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Magnaquest Technologies Limited, buy the company report.
Comprehensive company report
Magnaquest Technologies Limited - 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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Secure checkout · GST invoice included
Brands
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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Magnaquest Technologies Limited, buy the company report.
Financials of Magnaquest Technologies Limited
FY 2024 filings availableMagnaquest 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)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹8.02 Cr | ||||
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| Net Profit (PAT) | ₹1.63 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 26% | ||||
| Net Profit Margin | 5.3% | ||||
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To see the full financial statements and ratios of Magnaquest Technologies Limited, buy the company report.
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 |
Auditor
Magnaquest Technologies Limited is audited by KUMAR & REDDY Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMAR & REDDY Chartered Accountants | FY 2023 | 021894S |
Shareholding
The shareholding of Magnaquest Technologies 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 Magnaquest Technologies Limited, buy the company report.
Charges & borrowings
Open charges
₹26.37 Cr
Satisfied charges
₹22.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Feb 2024 | 100884823 | Others | ₹9.98 Cr | Open | |
| 04 Nov 2023 | 100809989 | Hdfc Bank Limited | ₹25.43 Lakh | Open | |
| 26 Apr 2023 | 100742069 | Others | ₹7 Cr | Open | |
| 26 Apr 2023 | 100740660 | Others | ₹6 Cr | Open | |
| 29 Jul 2016 | 100044132 | Others | ₹70 Lakh | Open |
To see the full charge records of Magnaquest Technologies Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Magnaquest Technologies Limited has 32 court cases on record: 9 filed by Magnaquest Technologies, 23 filed against it. 11 cases are pending and 21 are disposed.
Total cases
32
Filed by the company
9
Filed against the company
23
Pending
11
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 20 | 6 |
| High courts | 10 | 2 | 5 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by Movingdneedle Enterprise Pvt., Ltd., | Pending |
| District court, New Delhi, Delhi | Court case (OMP (MISC.) (COMM.)) | Filed against the company by Tripeplay Interactive Network Pvt Ltd | Disposed |
| District court, Rangareddy, Telangana | Execution petition | Filed against the company by M/S. International Travel House Ltd. | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Apna Telelink Private Limited | Disposed |
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by Tripleplay Interactive Network Pvt Ltd | Disposed |
To see the full case history of Magnaquest Technologies 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.
Credit ratings & regulatory alerts
Magnaquest Technologies Limited was last rated by Brickwork on 16 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 16 Jun 2021 |
To see the full credit ratings and regulatory alerts of Magnaquest Technologies Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magnaquest Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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 |
To see the full group structure of Magnaquest Technologies Limited, buy the company report.
Employees & EPFO
Magnaquest Technologies Limited has a workforce of 174 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
174
Active EPFO establishments
1
Employee growth
-9.38%
GST
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 |
To see the full GST registrations and return filing status of Magnaquest Technologies Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Vijay Kumar Debbad - Managing Director
- Pasupathinath Pala - Director
- Savita Shamsunder - Director
The latest financial statements of Magnaquest Technologies 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 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 32 court cases on record: 9 filed by the company and 23 filed against it. 11 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.
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.
Yes, Magnaquest Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0025421).
Magnaquest Technologies can be reached through the website magnaquest.com. Its registered office is in Hyderabad, Telangana, India.