Magnet Buildtech Private Limited
About Magnet Buildtech Private Limited
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Magnet Buildtech Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte. Ltd.. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 22 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70101GJ2012PTC107117. Its GSTIN is 03AAICM4158J1ZE (Punjab).
The company has an authorised share capital of ₹2.63 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors Nirmal Sharda and Narasimhan Sowmya.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.58 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Cr (net margin 2.1%) and EBITDA of ₹44.41 Cr (EBITDA margin 91.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹163.54 Cr and satisfied charges of ₹610.72 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Magnet Buildtech has one previous CIN (Corporate Identification Number): U70101DL2012PTC236281. The current CIN is U70101GJ2012PTC107117, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101GJ2012PTC107117 | Current |
| U70101DL2012PTC236281 | Previous |
Contact details
Magnet Buildtech Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Magnet Buildtech 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 Magnet Buildtech is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Magnet Buildtech Private Limited, buy the company report.
Financials of Magnet Buildtech Private Limited
FY 2025 filings availableMagnet Buildtech Private Limited reported revenue of ₹48.58 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 1% growth in the latest year. EBITDA rose 2% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹44.41 Cr | ||||
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| Net Profit (PAT) | ₹1.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.4% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Magnet Buildtech Private Limited, buy the company report.
Board of directors of Magnet Buildtech Private Limited
Magnet Buildtech has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimhan Sowmya | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Nirmal Sharda Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Bhanuenergy Infrastructure & Power Limited and 5 more | Director | 18 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Magnet Buildtech Private Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sepset Constructions Limited | ₹49.56 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India | |||
| Clean Max Scorpius Private Limited | ₹48.69 Cr (FY 2025) | 46.0% | Mumbai, Maharashtra, India | |||
| Magnet Buildtech Private Limitedthis company | ₹48.58 Cr (FY 2025) | ₹1.02 Cr | 2.1% | 1.0% | Ahmedabad, Gujarat, India | |
| Maheswari Mining & Energy Private Limited | ₹48.52 Cr (FY 2024) | 23.0% | Hyderabad, Telangana, India | |||
| Indigrid Solar-Ii (Ap) Private Limited | ₹48.09 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Sei Kathiravan Power Private Limited | ₹47.84 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| Cleanmax Ipp 1 Private Limited | ₹47.79 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magnet Buildtech Private Limited, buy the company report.
Auditor
Magnet Buildtech Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2021 | 001076N/N500013 |
Shareholding
The shareholding of Magnet Buildtech Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnet Buildtech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154059 | Sbicap Trustee Company Limited | ₹163.54 Cr | Open | |
| 20 Sep 2018 | 100204811 | Sbicap Trustee Company Limited | ₹242.86 Cr | Satisfied | |
| 14 Oct 2016 | 100055972 | Others | ₹242.86 Cr | Satisfied | |
| 04 Mar 2016 | 10623788 | Ptc India Financial Services Limited | ₹125 Cr | Satisfied |
To see the full charge records of Magnet Buildtech Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Magnet Buildtech Private Limited has 3 court cases on record: 1 filed by Magnet Buildtech, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax 1 Ahmedabad | Pending |
| District court, Mansa, Punjab | Civil suit | Filed against the company by an individual | Disposed |
| District court, Mansa, Punjab | Appeal | Filed by the company against individuals | Disposed |
To see the full case history of Magnet Buildtech 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.
Credit ratings & regulatory alerts
Magnet Buildtech Private Limited was last rated by Crisil on 11 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Jun 2021 |
To see the full credit ratings and regulatory alerts of Magnet Buildtech Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magnet Buildtech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnet Buildtech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAICM4158J1ZE | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magnet Buildtech Private Limited, buy the company report.
Recent activity
Magnet Buildtech Private Limited has 21 board changes on record since 2012: 3 appointments and 18 cessations. The latest: Nirmal Sharda ceased to be Additional Director on 23 Sep 2025.
21 earlier events are in the company report.
Frequently asked questions
Magnet Buildtech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 22 May 2012 (14+ years old) and is registered under CIN U70101GJ2012PTC107117.
Magnet Buildtech has 2 current directors:
- Narasimhan Sowmya - Nominee Director
- Nirmal Sharda - Director
The latest financial statements of Magnet Buildtech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Magnet Buildtech is 03AAICM4158J1ZE, registered in Punjab.
The CIN (Corporate Identification Number) of Magnet Buildtech is U70101GJ2012PTC107117. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Buildtech has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Magnet Buildtech was incorporated on 22 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Magnet Buildtech by revenue are Sepset Constructions Limited, Clean Max Scorpius Private Limited, Maheswari Mining & Energy Private Limited, Indigrid Solar-Ii (Ap) Private Limited, Sei Kathiravan Power Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Nirmal Sharda ceased to be Additional Director on 23 Sep 2025. Nirmal Sharda was appointed as Director on 18 Sep 2025. Narasimhan Sowmya was appointed as Nominee Director on 21 Mar 2025. Magnet Buildtech has 21 board changes on record in total.
The registered office of Magnet Buildtech is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
Magnet Buildtech operates in the environment industry, in the solar energy solutions segment.
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