Magnet Projects Private Limited
About Magnet Projects Private Limited
Data last updated:
Magnet Projects Private Limited is a private limited company based in Patna, Bihar, India. It operates in the restaurants and dining services segment of the travel and hospitality sector. It was incorporated on 06 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Patna, under CIN U45200BR2008PTC013417. Its GSTIN is 10AAFCM4114R2ZH (Bihar). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Reeta Singh and Manisha Singh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at M – 3/12 Sri Krishna Puri, Patna, Bihar, India – 800001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.76 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹10.89 Lakh (net margin 6.2%) and EBITDA of ₹22.29 Lakh (EBITDA margin 12.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹96 Lakh and satisfied charges of ₹1.4 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressM – 3/12 Sri Krishna Puri, Patna, Bihar, India – 800001
- IndustryTravel and Hospitality, Restaurants & Dining 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
Business Activity of Magnet Projects Private Limited
The main business activity of Magnet Projects is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magnet Projects Private Limited FY 2024 filings available
Magnet Projects Private Limited reported revenue of ₹1.76 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magnet Projects Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 11% fall in the latest year. EBITDA fell 55% 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 Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹22.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.89 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magnet Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| 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 Projects are in the company report.
Financial statements from 2015
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.
Peer Comparison of Magnet Projects Private Limited
Magnet Projects Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Restaurants). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tovo Restaurants Franchise Private Limited | ₹1.78 Cr (FY 2017) | •••• | •••• | 148.0% | •••• | Chennai, Tamil Nadu, India |
| Brekkie Foods Private Limited | ₹1.77 Cr (FY 2023) | •••• | •••• | 115.0% | •••• | Bangalore North, Karnataka, India |
| Young Pioneer Private Limited | ₹1.77 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Faridabad, Haryana, India |
| Obezag Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Pune, Maharashtra, India |
| Nucleus Investment & Finance Private Limited | ₹1.76 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | New Delhi, Delhi, India |
| Magnet Projects Private Limited this company | ₹1.76 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Patna, Bihar, India |
| Nirupama Enterprise Private Limited | ₹1.75 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Cuttack, Orissa, India |
| Shangrila Restaurants and Inns Private Limited | ₹1.75 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Ut, Chandigarh, India |
| Garden City Restaurants Private Limited | ₹1.75 Cr (FY 2025) | •••• | •••• | 543.0% | •••• | Bangalore, Karnataka, India |
| Hiphonic Hospitality Services Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 164.0% | •••• | Delhi, India |
| Banjo's the Food Chain Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Panchavati Nashik, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Magnet Projects by revenue in the Consumer Services industry (Restaurants), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magnet Projects Private Limited
Magnet Projects Private Limited is audited by S. SANNIGRAHI AND CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. SANNIGRAHI AND CO. | 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 Projects Private Limited
Magnet Projects has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reeta Singh | Director | 01 Mar 2021 | 5 Years 7 Months | Current |
| Manisha Singh Also directs: Dev Shanti Projects Private Limited | Director | 16 Nov 2023 | 2 Years 10 Months | Current |
| Ajay Kumar Singh Also directs: Dev Shanti Projects Private Limited | Director | 16 Nov 2023 | 2 Years 10 Months | Current |
| Tushant Shreshtha | Director | 15 Oct 2025 | 0 Years 11 Months | Current |
Ownership and Shareholding of Magnet Projects 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 Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2019 | Others | ₹96 Lakh | Open |
| 25 Jun 2018 | Others | ₹1.4 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Magnet Projects Private Limited
Magnet Projects Private Limited has 4 court cases on record: 3 filed by Magnet Projects, 1 where it is another party. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Patna High Court | Court case (CWJC) | Company is another party | Disposed |
| Patna High Court | Court case (MJC) | Filed by the company against an individual | Disposed |
| Patna High Court | Court case (CWJC) | Filed by the company against Bihar Industrial Area Development Authority | Disposed |
| Patna High Court | Court case (CWJC) | Filed by the company against State of Bihar | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Magnet Projects Private Limited
Employment history and EPFO contributions of people linked to Magnet Projects.
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.
Recent Activity on Magnet Projects Private Limited
Magnet Projects Private Limited has 8 board changes on record since 2021: 5 appointments and 3 cessations. The latest: Tushant Shreshtha was appointed as Director on 15 Oct 2025.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Magnet Projects 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 Projects 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 Projects 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 Projects Private Limited
Magnet Projects has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AAFCM4114R2ZH | Bihar | Active | 01 Jul 2017 |
| 10AAFCM4114R3ZG | Bihar | Active | 01 Jul 2022 |
| 10AAFCM4114R4ZF | Bihar | Active | 03 Feb 2023 |
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 Projects 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 Projects Private Limited
Magnet Projects is an active private limited company based in Patna, Bihar, India. The company works in restaurants and dining services, within the travel and hospitality industry. It was incorporated on 06 February 2008 (18+ years old) and is registered under CIN U45200BR2008PTC013417.
Magnet Projects reported revenue of ₹1.76 Cr for FY 2025 (down 11% YoY).
Magnet Projects has 4 current directors:
- Reeta Singh - Director
- Manisha Singh - Director
- Ajay Kumar Singh - Director
- Tushant Shreshtha - Director
Magnet Projects reported a net profit of ₹10.89 Lakh (net margin 6.2%) and EBITDA of ₹22.29 Lakh (EBITDA margin 12.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magnet Projects is -7% over three years and -14% over five years. In the latest year (FY 2025) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magnet Projects is 10AAFCM4114R2ZH, registered in Bihar. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 10AAFCM4114R3ZG (Bihar), 10AAFCM4114R4ZF (Bihar).
The CIN (Corporate Identification Number) of Magnet Projects is U45200BR2008PTC013417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Projects has 4 court cases on record: 3 filed by the company.
Magnet Projects was incorporated on 06 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Patna.
The peers of Magnet Projects by revenue are Tovo Restaurants Franchise Private Limited, Brekkie Foods Private Limited, Young Pioneer Private Limited, Obezag Private Limited, Nucleus Investment & Finance Private Limited and 5 more, all in the Consumer Services industry (Restaurants).
Tushant Shreshtha was appointed as Director on 15 Oct 2025. Ajay Kumar Singh was appointed as Director on 16 Nov 2023. Manisha Singh was appointed as Director on 16 Nov 2023. Magnet Projects has 8 board changes on record in total.