DPIIT recognised startup Government of India
Startup India
Magnet Engineers Private Limited
Magnet Engineers Private Limited - energy and power in Dombivali, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.01 Cr
▲ 196% YoY
Net profit · FY 2025
₹40.05 Lakh
Net margin 8%
EBITDA · FY 2025
₹40.05 Lakh
EBITDA margin 8%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹90 Lakh
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
10
Provident fund records
About Magnet Engineers Private Limited
Data last updated:
Magnet Engineers Private Limited is a private limited company based in Dombivali, Maharashtra, India, recognised as a startup by DPIIT. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 23 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2021PTC370072. Its GSTIN is 27AAPCM1058A1ZN (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Vikrant Yashwant Jadhav and Smital Vikrant Jadhav.
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 B/201 Janki Co – Op Hou Soc MIDC Road Nr Mahila Samiti English School Thakurli, Dombivali, Maharashtra, India – 421201.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.01 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹40.05 Lakh (net margin 8%) and EBITDA of ₹40.05 Lakh (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 169% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹90 Lakh on record.
Magnet Engineers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0144189).
Company details
CIN U74999MH2021PTC370072
Registration Number 370072
Incorporation Date 23 October 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0144189
Recognitions & Rankings of Magnet Engineers
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0144189
Contact details
Magnet Engineers Private Limited's registered office is in Dombivali, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB/201 Janki Co – Op Hou Soc MIDC Road Nr Mahila Samiti English School Thakurli, Dombivali, Maharashtra, India – 421201
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Magnet Engineers Private Limited, buy the company report.
Comprehensive company report
Magnet Engineers Private 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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Business activity
The main business activity of Magnet Engineers is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Magnet Engineers Private Limited, buy the company report.
Financials of Magnet Engineers Private Limited
FY 2025 filings availableMagnet Engineers Private Limited reported revenue of ₹5.01 Cr (up 196% YoY) for FY 2025.
Revenue · FY 2025
₹5.01 Cr ▲ 196%
Net profit · FY 2025
₹40.05 Lakh margin 8%
EBITDA · FY 2025
₹40.05 Lakh margin 8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 196%
3 years · compounded
▲ 169%
EBITDA CAGR growth
1 year
▲ 188%
3 years · compounded
▲ 186%
Revenue has grown at a compounded annual rate (CAGR) of 169% over three years, including 196% growth in the latest year. EBITDA rose 188% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
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| Employee Benefit Expense | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹40.05 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹40.05 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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| Fixed Assets | ||||
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| Inventories | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8% | |||
| Net Profit Margin | 8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Magnet Engineers Private Limited, buy the company report.
Board of directors of Magnet Engineers Private Limited
Magnet Engineers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrant Yashwant Jadhav | Director | 23 Oct 2021 | 5 Years 0 Months | Current |
| Smital Vikrant Jadhav | Director | 23 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Magnet Engineers Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Technovative Engineers Private Limited | ₹5.04 Cr (FY 2024) | 38.0% | Faridabad, Haryana, India | |||
| Ascendo Projects Private Limited | ₹5.01 Cr (FY 2025) | 53.0% | Hyderabad, Telangana, India | |||
| Magnet Engineers Private Limitedthis company | ₹5.01 Cr (FY 2025) | ₹40.05 Lakh | 8% | 196.0% | 10 | Dombivali, Maharashtra, India |
| Entech Projects Private Limited | ₹5 Cr (FY 2024) | 55.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Magnet Engineers Private Limited, buy the company report.
Auditor
Magnet Engineers Private Limited is audited by H R JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H R JAIN & ASSOCIATES | FY 2023 | 142768W |
Shareholding
The shareholding of Magnet Engineers Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magnet Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2025 | 101168757 | Others | ₹90 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magnet Engineers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magnet Engineers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnet Engineers Private Limited has a workforce of 10 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
100%
GST
Magnet Engineers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCM1058A1ZN | Maharashtra | Active | 17 Nov 2021 |
To see the full GST registrations and return filing status of Magnet Engineers Private Limited, buy the company report.
Recent activity
Magnet Engineers Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Kishor Shivaji Phalke ceased to be Director on 01 Dec 2022.
AGM
Magnet Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 90.00 Lakh with Charge ID 101168757 was registered on 29 Sep 2025.
Filing
Magnet Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Kishor Shivaji Phalke ceased to be Director.
Ceased
Rohan Vishnu Rawool ceased to be Director.
Appointed
Smital Vikrant Jadhav was appointed as Director.
Appointed
Vikrant Yashwant Jadhav was appointed as Director.
Incorporation
23 Oct 2021
Magnet Engineers Private Limited was registered on 23 Oct 2021 with Roc Mumbai & aged 5 years 5 days as per MCA records.
Frequently asked questions
Magnet Engineers is an active private limited company based in Dombivali, Maharashtra, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 23 October 2021 (5+ years old) and is registered under CIN U74999MH2021PTC370072.
Magnet Engineers has 2 current directors:
- Vikrant Yashwant Jadhav - Director
- Smital Vikrant Jadhav - Director
The latest financial statements of Magnet Engineers 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 FY 2022 are in the company report.
The GSTIN of Magnet Engineers is 27AAPCM1058A1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magnet Engineers is U74999MH2021PTC370072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Engineers was incorporated on 23 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Magnet Engineers by revenue are Technovative Engineers Private Limited, Ascendo Projects Private Limited, Entech Projects Private Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities).
Kishor Shivaji Phalke ceased to be Director on 01 Dec 2022. Rohan Vishnu Rawool ceased to be Director on 01 Dec 2022. Smital Vikrant Jadhav was appointed as Director on 23 Oct 2021. Magnet Engineers has 4 board changes on record in total.
Yes, Magnet Engineers is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Magnet Engineers is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0144189).
The registered office of Magnet Engineers is at B201 Janki Co – Op Hou Soc MIDC Road Nr Mahila Samiti English School Thakurli, Dombivali, Maharashtra, India – 421201.