MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-AP-10-0003456
Magnarc Electrodes Pvt Ltd - manufacturing in Visakhapatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹12.78 Cr
▼ 2% YoY
Net profit · FY 2023
₹15.74 Lakh
Net margin 1.2%
EBITDA · FY 2023
₹78.64 Lakh
EBITDA margin 6.2%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹3.91 Cr
Satisfied ₹5.18 Cr
Company age
44 yrs
Est. 1982
Employees · EPFO
11
Provident fund records
About Magnarc Electrodes Pvt Ltd
Data last updated:
Magnarc Electrodes Pvt Ltd is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 17 June 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U29309AP1982PTC003535. Its GSTIN is 37AABCM1944R1ZY (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Ramadevi Chintamaneni (Whole-Time Director) and Rajasekhar Chintamaneni (Whole-Time Director).
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 Pendurthi Visakhaptnam District Andhra Pradesh, Visakhapatnam, Andhra Pradesh, India – 531173.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.78 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹15.74 Lakh (net margin 1.2%) and EBITDA of ₹78.64 Lakh (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 15% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Magnarc Electrodes. As per MCA filings, the company has open charges of ₹3.91 Cr and satisfied charges of ₹5.18 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
Magnarc Electrodes Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-10-0003456). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnarc.com.
Company details
CIN U29309AP1982PTC003535
Registration Number 003535
Incorporation Date 17 June 1982
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-AP-10-0003456
Recognitions & Rankings of Magnarc Electrodes
Contact details
Magnarc Electrodes Pvt Ltd's registered office is in Visakhapatnam, Andhra Pradesh. Its website is magnarc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPendurthi Visakhaptnam District Andhra Pradesh, Visakhapatnam, Andhra Pradesh, India – 531173
- IndustryManufacturing, Cable & Wire
To see the full contact details of Magnarc Electrodes Pvt Ltd, buy the company report.
Comprehensive company report
Magnarc Electrodes 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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Brands
Magnarc Electrodes operates one associated brand: Magnarc Electrodes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of welding electrodes and wires in India. | magnarc.com |
Financials of Magnarc Electrodes Pvt Ltd
FY 2025 filings availableMagnarc Electrodes Pvt Ltd reported revenue of ₹12.78 Cr (down 2% YoY) for FY 2023.
Revenue · FY 2023
₹12.78 Cr ▼ 2%
Net profit · FY 2023
₹15.74 Lakh margin 1.2%
EBITDA · FY 2023
₹78.64 Lakh margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 32%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 3%
5 years · compounded
▲ 21%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 3% 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 | ₹12.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹78.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.74 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 1.2% | ||||
| 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 Magnarc Electrodes Pvt Ltd, buy the company report.
Board of directors of Magnarc Electrodes Pvt Ltd
Magnarc Electrodes has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramadevi Chintamaneni Also directs: Magnarc Electrodes & Wires Private Limited | Whole-Time Director | 01 Sep 2007 | 19 Years 2 Months | Current |
| Rajasekhar Chintamaneni Also directs: Gfi Sports and Hospitality Private Limited | Whole-Time Director | 08 Apr 2003 | 23 Years 7 Months | Current |
Auditor
Magnarc Electrodes Pvt Ltd is audited by BRAHMAYYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2023 | 000513S |
Shareholding
The shareholding of Magnarc Electrodes Pvt Ltd 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 Magnarc Electrodes Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹3.91 Cr
Satisfied charges
₹5.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2022 | 100667387 | Axis Bank Limited | ₹3.5 Cr | Open | |
| 26 Nov 2020 | 100440664 | Hdfc Bank Limited | ₹40.67 Lakh | Open | |
| 01 Jun 2018 | 100188440 | Canara Bank | ₹9 Lakh | Satisfied | |
| 15 Sep 2017 | 100127153 | Others | ₹4.46 Cr | Satisfied | |
| 17 May 1985 | 90131029 | Andhra Pradesh State Finance Corp. | ₹1.77 Lakh | Satisfied |
To see the full charge records of Magnarc Electrodes Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
Magnarc Electrodes Pvt Ltd has 4 court cases on record: 3 filed by Magnarc Electrodes, 1 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against an individual | Pending |
| High Court | Revision petition | Filed by the company against an individual | Disposed |
| High Court, ANDHRAPRADESH | Revision petition | Filed by the company against an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Execution petition | Filed against the company by an individual | Disposed |
To see the full case history of Magnarc Electrodes 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
No delayed payments to MSME suppliers are on our record for Magnarc Electrodes Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnarc Electrodes Pvt Ltd has a workforce of 11 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-15.38%
GST
Magnarc Electrodes has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCM1944R1ZY | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magnarc Electrodes Pvt Ltd, buy the company report.
Recent activity
Magnarc Electrodes Pvt Ltd has 6 board changes on record since 2003: 2 appointments and 4 cessations. The latest: Ramadevi Chintamaneni ceased to be Director on 03 Oct 2015.
Charges
A charge registered on 15 Sep 2017 via Charge ID 100127153 with Others was fully satisfied on 10 Nov 2025.
Charges
A charge registered on 16 Aug 1983 via Charge ID 90134977 with Others was fully satisfied on 10 Nov 2025.
AGM
Magnarc Electrodes Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magnarc Electrodes Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada.
Charges
A charge registered on 01 Jun 2018 via Charge ID 100188440 with Canara Bank was fully satisfied on 01 Mar 2025.
Charges
A charge with Axis Bank Limited of Rs. 350.00 Lakh registered on 28 Oct 2022 with Charge ID 100667387 was modified on 23 Sep 2024.
Charges
A charge with Others of Rs. 446.25 Lakh registered on 15 Sep 2017 with Charge ID 100127153 was modified on 10 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 350.00 Lakh with Charge ID 100667387 was registered on 28 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.67 Lakh with Charge ID 100440664 was registered on 26 Nov 2020.
Charges
A charge with Canara Bank amounted to Rs. 9.00 Lakh with Charge ID 100188440 was registered on 01 Jun 2018.
Charges
A charge with Others of Rs. 14.00 Lakh registered on 16 Aug 1983 with Charge ID 90134977 was modified on 12 Oct 2017.
Charges
A charge with Others amounted to Rs. 446.25 Lakh with Charge ID 100127153 was registered on 15 Sep 2017.
15 earlier events are in the company report.
Frequently asked questions
Magnarc Electrodes is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 17 June 1982 (44+ years old) and is registered under CIN U29309AP1982PTC003535.
Magnarc Electrodes has 2 current directors:
- Ramadevi Chintamaneni - Whole-Time Director
- Rajasekhar Chintamaneni - Whole-Time Director
The latest financial statements of Magnarc Electrodes on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Magnarc Electrodes is 37AABCM1944R1ZY, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnarc Electrodes is U29309AP1982PTC003535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnarc Electrodes has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Magnarc Electrodes was incorporated on 17 June 1982, making it 44+ years old. It is registered with the Registrar of Companies, Vijayawada.
Ramadevi Chintamaneni ceased to be Director on 03 Oct 2015. Dasaradha Ramireddy Ramireddy ceased to be Director on 10 Mar 2012. Mallikarjuna Rao Chintamaneni ceased to be Whole-Time Director on 18 Jan 2012. Magnarc Electrodes has 6 board changes on record in total.
Yes, Magnarc Electrodes is registered as a small enterprise under Udyam registration (number: UDYAM-AP-10-0003456).
Magnarc Electrodes can be reached through the website magnarc.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
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