Magnet Financial Services Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1994.
1994 Mumbai, Maharashtra, India Active
Last Updated:
Access Report
About Magnet Financial Services Private Limited

Magnet Financial Services Private Limited, a active private limited company, was established on 21 July 1994 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U51109MH1994PTC306594. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.16 Cr and a paid-up capital of ₹1.16 Cr.

Formerly known as Parntech Distributors Pvt Ltd. It upholds a compliant status. Its leadership includes Harsh Ritesh Mutha (Director), Pakshal Anil Mutha (Additional Director). Past directors included Krishna Kumar Agarwalla, Bharat Kantilal Sanghvi, Sanjay Rastogi. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at 2403, A-Wing, Marathon Futurex, Mafatlal Mills Compound, N M Joshi Marg, Lower Parel, Mumbai, Maharashtra, 400013.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U51109MH1994PTC306594

  • Registration Number

    306594

  • Incorporation Date

    21 July 1994

  • Authorized Capital

    ₹1.16 Cr

  • Paid-Up Capital

    ₹1.16 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.16 Cr
  • Paid Up Capital ₹ 1.16 Cr
  • Company Age 31 Year, 7 Months
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** -69.39%
  • Profit Growth **** -93.25%
  • Ebitda **** -80.78%
  • Net Worth -0.19%
  • Total Assets **** 44.30%
Company report

Magnet Financial Services Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Magnet Financial Services Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Magnet Financial Services Private Limited?
Current Directors
Name Designation Appointment Date Status
Harsh Ritesh Mutha Director 28 Aug 2018 Current
Pakshal Anil Mutha Additional Director 27 Jan 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 11 Mar 2011 Past
Pramod Abcsdd Director 08 Oct 2018 Past
Pramod Abcsdd Director 08 Oct 2018 Past
Pramod Abcsdd Additional Director 31 Dec 2020 Past
Pramod Abcsdd Director 05 Nov 2009 Past
Pramod Abcsdd Additional Director 31 Dec 2020 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Magnet Financial Services.

Magnet Financial Services Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 69.39% decrease. The company also saw a substantial fall in profitability, with a 93.25% decrease in profit. The company's net worth dipped by a decrease of 0.19%.

Magnet Financial Services revenue growth over time
Magnet Financial Services profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -69.39%
*******
*******
*******
*******
Revenue from Operations
*******
 -69.39%
*******
*******
*******
*******
Total Assets
*******
 44.30%
*******
*******
*******
*******
Profit or Loss
*******
 -93.25%
*******
*******
*******
*******
Net Worth
*******
 -0.19%
*******
*******
*******
*******
EBITDA
*******
 -80.78%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Magnet Financial Services?

In 2023, Magnet Financial Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

How Many Employees Work at Magnet Financial Services?

Unlock and access historical data on people associated with Magnet Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnet Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magnet Financial Services's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Magnet Financial Services
Recent Activity within the Organization
  • Annual General Meeting

    The activity Magnet Financial Services Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    Magnet Financial Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.

  • Director Appointment

    Progress on Pakshal Anil Mutha was appointed as a Additional Director was appointed as a Additional Director on 27 Jan 2025 & has been associated with this company since 1 year 1 month . was documented.

  • Director Appointment

    Harsh Ritesh Mutha was appointed as a Director was appointed as a Director on 28 Aug 2018 & has been associated with this company since 7 years 6 months . was recorded as a recent event.

  • Company Incorporation

    Magnet Financial Services Private Limited was registered on 21 Jul 1994 with Roc Mumbai & aged 31 years 7 months as per MCA records. was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Magnet Financial Services Private Limited?

The CIN of Magnet Financial Services Private Limited is U51109MH1994PTC306594.

Where is Magnet Financial Services Private Limited headquartered?

Magnet Financial Services Private Limited is headquartered at 2403, A-Wing, Marathon Futurex, Mafatlal Mills Compound, N M Joshi Marg, Lower Parel, Mumbai, Maharashtra, 400013.

When was Magnet Financial Services Private Limited incorporated?

Magnet Financial Services Private Limited was incorporated on 21 July 1994.

Who are the current directors of Magnet Financial Services Private Limited?

The current directors of Magnet Financial Services Private Limited are

What is the primary industry of Magnet Financial Services Private Limited?

The primary industry of Magnet Financial Services Private Limited is Financial And Insurance Service.

Is Magnet Financial Services Private Limited a listed company?

Magnet Financial Services Private Limited is unlisted.

What is the capital structure of Magnet Financial Services Private Limited?

The authorized capital of Magnet Financial Services Private Limited is ₹1.16 Cr, and the paid-up capital is ₹1.16 Cr.

What is the compliance status of Magnet Financial Services Private Limited?

The compliance status of Magnet Financial Services Private Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available