Magnet Labs Private Limited
About Magnet Labs Private Limited
Data last updated:
Magnet Labs Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Mankind Pharma Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 17 April 1998.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51397DL1998PTC093307. Its GSTIN is 07AACCM1861C2ZU (Delhi). The company held 10 GST registrations, all of them active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4 Lakh. It was led by directors including Bharat Anand and Sheetal Arora.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 208 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2022, the company reported a revenue of ₹306.91 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹30.68 Cr (net margin 10%) and EBITDA of ₹23.48 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company had about 1,075 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 17 cases involving the company, including 13 filed by the company and 4 filed against it; 2 cases are pending.
Company details
Contact details
Magnet Labs Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address208 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Magnet Labs 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 Labs is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Magnet Labs Private Limited, buy the company report.
Financials of Magnet Labs Private Limited
FY 2022 filings availableMagnet Labs Private Limited reported revenue of ₹306.91 Cr (up 20% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 20% growth 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹306.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.68 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 10% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Magnet Labs Private Limited, buy the company report.
Board of directors of Magnet Labs Private Limited
Magnet Labs has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Anand | Director | 31 Aug 2018 | 8 Years 1 Months | As last reported |
| Sheetal Arora | Director | 01 May 2017 | 9 Years 5 Months | As last reported |
| Arjun Juneja | Director | 01 May 2017 | 9 Years 5 Months | As last reported |
| Rajeev Juneja | Director | 01 May 2017 | 9 Years 5 Months | As last reported |
Peer comparison
Magnet Labs Private Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sneha Medicare Private Limited | ₹316.29 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Entod Pharmaceuticals Limited | ₹308.3 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Magnet Labs Private Limitedthis company | ₹306.91 Cr (FY 2022) | ₹30.68 Cr | 10% | 20.0% | 1,075 | New Delhi, Delhi, India |
| Chhattisgarh Medical Services Corporation Limited | ₹305.27 Cr (FY 2019) | 17.0% | Raipur, Chhattisgarh, India | |||
| Lazz Medico Private Limited | ₹300.3 Cr (FY 2025) | 40.0% | Kolkata, West Bengal, India | |||
| Missionpharma Logistics (India) Private Limited | ₹298.76 Cr (FY 2025) | -30.0% | Ahmedabad, Gujarat, India | |||
| Lifecare Pharma Private Limited | ₹294.25 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Teva Pharmaceutical and Chemical Industries India Private Limited | ₹293.98 Cr (FY 2025) | 142.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Magnet Labs Private Limited, buy the company report.
Auditor
Magnet Labs Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2021 | 301003E/E300005 |
Shareholding
The shareholding of Magnet Labs Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magnet Labs Private Limited, buy the company report.
Legal cases
Magnet Labs Private Limited has 17 court cases on record: 13 filed by Magnet Labs, 4 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 2 |
| District courts | 3 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Commercial suit | Filed against the company by Mankind Pharma Ltd. | Disposed |
| District court, East, Delhi | Commercial suit | Filed by the company against Achieva Healthcare Pvt Ltd | Disposed |
| District court, South East, Delhi | Revision petition | Filed against the company by Ugs Pharmaceuticals Pvt. Ltd. Ors. | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against Aristo Pharmaceuticals Pvt Ltd | Disposed |
| High Court of Delhi | Court case (C.A.(COMM.IPD-TM)) | Filed by the company against an individual | Pending |
To see the full case history of Magnet Labs 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 Magnet Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnet Labs Private Limited has a workforce of 1,075 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Magnet Labs has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCM1861C2ZU | Delhi | Active | 07 Sep 2017 |
| 03AACCM1861C1Z3 | Punjab | Active | 01 Jul 2017 |
| 06AACCM1861C1ZX | Haryana | Active | 01 Jul 2017 |
| 09AACCM1861C1ZR | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magnet Labs Private Limited, buy the company report.
Recent activity
Magnet Labs Private Limited has 20 board changes on record since 2007: 4 appointments and 16 cessations. The latest: Bharat Anand ceased to be Additional Director on 29 Sep 2018.
11 earlier events are in the company report.
Frequently asked questions
Magnet Labs has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Magnet Labs was a private limited company based in New Delhi, Delhi, India. The company worked in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 17 April 1998 and is registered under CIN U51397DL1998PTC093307. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magnet Labs was incorporated on 17 April 1998. It is registered with the Registrar of Companies, Delhi.
Magnet Labs had 4 directors:
- Bharat Anand - Director
- Sheetal Arora - Director
- Arjun Juneja - Director
- Rajeev Juneja - Director
The CIN (Corporate Identification Number) of Magnet Labs is U51397DL1998PTC093307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magnet Labs is at 208 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
The latest financial statements of Magnet Labs on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Magnet Labs is 07AACCM1861C2ZU, registered in Delhi. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 03AACCM1861C1Z3 (Punjab), 06AACCM1861C1ZX (Haryana), 09AACCM1861C1ZR (Uttar Pradesh).
Magnet Labs operated in the pharma industry, in the pharmaceutical retailers and distributors segment.
The peers of Magnet Labs by revenue are Sneha Medicare Private Limited, Entod Pharmaceuticals Limited, Chhattisgarh Medical Services Corporation Limited, Lazz Medico Private Limited, Missionpharma Logistics (India) Private Limited and 2 more, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Magnet Labs has 17 court cases on record: 13 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.