Magnet IT Solutions Private Limited
About Magnet IT Solutions Private Limited
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Magnet IT Solutions Private Limited is a private limited company based in New, Delhi, India. It operates in the educational support services segment of the education and learning sector. It was incorporated on 29 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72100DL2016PTC306578. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sumedha Nangia and Gurmeet Kaur.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H. No. – 309 G/F Gali No. – 2 Vill – Samalka Near Boys Primary School, New, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹28,320, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹4,270 (net margin 15.1%) and EBITDA of ₹5,830 (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 133% over three years and 26% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressH. No. – 309 G/F Gali No. – 2 Vill – Samalka Near Boys Primary School, New, Delhi, India – 110037
- IndustryEducation & Learing, Educational Support Services
- 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
- One PDF report, delivered after checkout
Financials of Magnet IT Solutions Private Limited FY 2025 filings available
Magnet IT Solutions Private Limited reported revenue of ₹28,320 (down 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magnet IT Solutions Private Limited
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA rose 15% 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 of Magnet IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5,830 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4,270 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Magnet IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 20.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magnet IT Solutions are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Magnet IT Solutions Private Limited
Magnet IT Solutions Private Limited is audited by R HANS & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R HANS & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magnet IT Solutions Private Limited
Magnet IT Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumedha Nangia | Director | 23 Apr 2022 | 4 Years 5 Months | Current |
| Gurmeet Kaur | Director | 29 Apr 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Magnet IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magnet IT Solutions Private Limited
Magnet IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magnet IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Magnet IT Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Magnet IT Solutions Private Limited
Magnet IT Solutions has one previous CIN (Corporate Identification Number): U74999DL2016PTC306578. The current CIN is U72100DL2016PTC306578, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100DL2016PTC306578 | Current |
| U74999DL2016PTC306578 | Previous |
Recent Activity on Magnet IT Solutions Private Limited
Magnet IT Solutions Private Limited has 9 board changes on record since 2017: 2 appointments and 7 cessations. The latest: Sumedha Nangia ceased to be Additional Director on 27 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Magnet IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magnet IT Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magnet IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magnet IT Solutions Private Limited
Magnet IT Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magnet IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magnet IT Solutions Private Limited
Magnet IT Solutions is an active private limited company based in New, Delhi, India. The company works in educational support services, within the education and learning industry. It was incorporated on 29 September 2016 (10+ years old) and is registered under CIN U72100DL2016PTC306578.
Magnet IT Solutions reported revenue of ₹28,320 for FY 2025 (down 38% YoY).
Magnet IT Solutions has 2 current directors:
- Sumedha Nangia - Director
- Gurmeet Kaur - Director
Magnet IT Solutions reported a net profit of ₹4,270 (net margin 15.1%) and EBITDA of ₹5,830 (EBITDA margin 20.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magnet IT Solutions is 133% over three years and 26% over five years. In the latest year (FY 2025) revenue fell 38%. CAGR is the steady yearly rate that links the first and the last year.
No. Magnet IT Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnet IT Solutions is U72100DL2016PTC306578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet IT Solutions was incorporated on 29 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Sumedha Nangia ceased to be Additional Director on 27 Sep 2022. Sumedha Nangia was appointed as Director on 23 Apr 2022. Varun Pal ceased to be Director on 23 Apr 2022. Magnet IT Solutions has 9 board changes on record in total.
The registered office of Magnet IT Solutions is at H. No. – 309 GF Gali No. – 2 Vill – Samalka Near Boys Primary School, New, Delhi, India – 110037.