Magnesium Products Private Limited
About Magnesium Products Private Limited
Data last updated:
Magnesium Products Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 02 November 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15200KA1970PTC001961. Its GSTIN is 29AAACM7141F2ZJ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹96.44 Lakh. It is led by directors including Vijay Kanneganti and Surekha Kanneganti.
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 Sy No 4/2 Building No. 56 Sai Sereniti Layout Seegehalli Virgonagar Post, Bangalore, Karnataka, India – 560049.
As per MCA filings, the company has open charges of ₹23 Lakh and satisfied charges of ₹7.22 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magnesium Products Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressSy No 4/2 Building No. 56 Sai Sereniti Layout Seegehalli Virgonagar Post, Bangalore, Karnataka, India – 560049
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Magnesium Products 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
Financials of Magnesium Products Private Limited
FY 2025 filings availableMagnesium Products Private Limited reported revenue of ₹627 for FY 2024.
Financial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Magnesium Products Private Limited, buy the company report.
Board of directors of Magnesium Products Private Limited
Magnesium Products has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kanneganti Also directs: Biligiri Natural Farms LLP, Daleth Foods LLP, Ombc Bangalore Bakery Private Limited and 1 more | Director | 31 Mar 2018 | 8 Years 7 Months | Current |
| Surekha Kanneganti | Director | 19 Oct 2024 | 2 Years 0 Months | Current |
| Kanneganti Ravi Babu | Director | 01 May 1986 | 40 Years 6 Months | Current |
Peer comparison
Magnesium Products Private Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ajay Impex Private Limited | ₹852 (FY 2025) | 14.0% | Jamnagar, Gujarat, India | |||
| Hindustan Monomers (Unit No. II) Private Limited | ₹775 (FY 2025) | -100.0% | Dombivli, Maharashtra, India | |||
| Yaana Chemicals Private Limited | ₹755 (FY 2025) | -100.0% | Guwahati, Assam, India | |||
| Revati Media Limited | ₹640 (FY 2025) | -100.0% | Mumbai, Maharashtra, India | |||
| Kotak Chemicals Limited | ₹630 (FY 2024) | 6.0% | Mumbai, Maharashtra, India | |||
| Magnesium Products Private Limitedthis company | ₹627 (FY 2024) | Bangalore, Karnataka, India | ||||
| Magneeto Beeto Industries Private Limited | ₹575 (FY 2022) | Ankleshwar, Gujarat, India | ||||
| Camorra Industries Private Limited | ₹500 (FY 2025) | -100.0% | Ankleshwar, Gujarat, India | |||
| Good Health & Shine International Products Private Limited | ₹490 (FY 2020) | Mazaffarnagar, Uttar Pradesh, India | ||||
| Aditya Color Works Private Limited | ₹450 (FY 2025) | -100.0% | Ahmedabad, Gujarat, India | |||
| Nra Pharmer Industries Private Limited | ₹327 (FY 2023) | Vapi, Gujarat, India |
To see the full peer comparison of Magnesium Products Private Limited, buy the company report.
Auditor
Magnesium Products Private Limited is audited by RAJAGOPAL & BADRI NARAYANAN for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJAGOPAL & BADRI NARAYANAN | FY 2019 | 003024S |
Shareholding
The shareholding of Magnesium Products Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
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| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magnesium Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2006 | 10013821 | Sundaram Finance Ltd | ₹8 Lakh | Open | |
| 07 May 2005 | 80059017 | State Bank of India | ₹15 Lakh | Open | |
| 07 Mar 2001 | 80058870 | Ksfc | ₹28 Lakh | Satisfied | |
| 03 Feb 2001 | 80059016 | Ksfc | ₹70 Lakh | Satisfied | |
| 26 Sep 1998 | 80054553 | Indian Renewable Engergy Development Agency Ltd | ₹1.55 Cr | Satisfied |
To see the full charge records of Magnesium Products Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Magnesium Products Private Limited has 5 court cases on record: 4 filed by Magnesium Products, 1 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against Singareni Collieries Co.Ltd | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Commissioner of Commercial Taxes | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Deputy Commissioner of Commercial Taxes | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Drycon Systems | Disposed |
To see the full case history of Magnesium Products 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 Magnesium Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnesium Products has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACM7141F2ZJ | Karnataka | Active | 30 Sep 2019 |
To see the full GST registrations and return filing status of Magnesium Products Private Limited, buy the company report.
Recent activity
Magnesium Products Private Limited has 8 board changes on record since 1986: 3 appointments and 5 cessations. The latest: Surekha Kanneganti ceased to be Additional Director on 29 Sep 2025.
44 earlier events are in the company report.
Frequently asked questions
Magnesium Products is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 02 November 1970 (56+ years old) and is registered under CIN U15200KA1970PTC001961.
Magnesium Products has 3 current directors:
- Vijay Kanneganti - Director
- Surekha Kanneganti - Director
- Kanneganti Ravi Babu - Director
The latest financial statements of Magnesium Products 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 Magnesium Products is 29AAACM7141F2ZJ, registered in Karnataka. 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 Magnesium Products is U15200KA1970PTC001961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnesium Products has 5 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Magnesium Products was incorporated on 02 November 1970, making it 56+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Magnesium Products by revenue are Ajay Impex Private Limited, Hindustan Monomers (Unit No. II) Private Limited, Yaana Chemicals Private Limited, Revati Media Limited, Kotak Chemicals Limited and 5 more, all in the Chemicals industry (Industrial Chemicals).
Surekha Kanneganti ceased to be Additional Director on 29 Sep 2025. Surekha Kanneganti was appointed as Director on 19 Oct 2024. Kanneganti Papa Rao ceased to be Director on 01 Oct 2018. Magnesium Products has 8 board changes on record in total.
The registered office of Magnesium Products is at Sy No 42 Building No. 56 Sai Sereniti Layout Seegehalli Virgonagar Post, Bangalore, Karnataka, India – 560049.
Magnesium Products operates in the chemicals and materials industry, in the industrial chemicals segment.
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