Magnet Resorts Limited
About Magnet Resorts Limited
Data last updated:
Magnet Resorts Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 12 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U55100PB1996PLC017851. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.37 Cr. It is led by directors including Harinder Pal Singh (Managing Director) and Harjinder Pal Singh Grewal.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 435/21 Bxx 1277 Krishna Nagar Civil Lines Ludhiana, Punjab, India – 141001.
As per MCA filings, the company has satisfied charges of ₹14 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magnet Resorts Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address435/21 Bxx 1277 Krishna Nagar Civil Lines Ludhiana, Punjab, India – 141001
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Magnet Resorts 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
Financials of Magnet Resorts Limited
FY 2024 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Magnet Resorts Limited, buy the company report.
Board of directors of Magnet Resorts Limited
Magnet Resorts has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harjinder Pal Singh Grewal | Director | 15 May 1996 | 30 Years 5 Months | Current |
| Narinder Pal Kaur | Director | 15 May 1996 | 30 Years 5 Months | Current |
| Roopinder Kaur | Director | 15 May 1996 | 30 Years 5 Months | Current |
| Harinder Pal Singh Also directs: Davansay Intelligence Private Limited | Managing Director | 13 Mar 1996 | 30 Years 7 Months | Current |
| Gagan Deep Gill | Additional Director | 27 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Magnet Resorts Limited is audited by S. MANN & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. MANN & CO. | FY 2022 | 000075N |
Shareholding
The shareholding of Magnet Resorts Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
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To see the full shareholding pattern of Magnet Resorts Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 1999 | 90311329 | Punjab & Sind Bank | ₹7 Lakh | Satisfied | |
| 09 Nov 1999 | 90173716 | Punjab and Sind Bank | ₹7 Lakh | Satisfied |
To see the full charge records of Magnet Resorts Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Magnet Resorts Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Magnet Resorts 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 Resorts Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnet Resorts has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Magnet Resorts Limited, buy the company report.
Recent activity
Magnet Resorts Limited has 10 board changes on record since 1996: 5 appointments and 5 cessations. The latest: Harjinder Pal Singh Grewal ceased to be Director on 11 Mar 2025.
5 earlier events are in the company report.
Frequently asked questions
Magnet Resorts is an active public limited company based in Ludhiana, Punjab, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 12 March 1996 (30+ years old) and is registered under CIN U55100PB1996PLC017851.
Magnet Resorts has 5 current directors:
- Harinder Pal Singh - Managing Director
- Harjinder Pal Singh Grewal - Director
- Narinder Pal Kaur - Director
- Roopinder Kaur - Director
- Gagan Deep Gill - Additional Director
The latest financial statements of Magnet Resorts on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
No. Magnet Resorts has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnet Resorts is U55100PB1996PLC017851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnet Resorts has 1 court case on record: 1 filed against it.
Magnet Resorts was incorporated on 12 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.
Harjinder Pal Singh Grewal ceased to be Director on 11 Mar 2025. Gagan Deep Gill was appointed as Additional Director on 27 Feb 2025. Surinder Paul Singh Grewal ceased to be Managing Director on 23 Sep 2019. Magnet Resorts has 10 board changes on record in total.
The registered office of Magnet Resorts is at 43521 Bxx 1277 Krishna Nagar Civil Lines Ludhiana, Punjab, India – 141001.
Magnet Resorts operates in the travel and hospitality industry, in the hotel and accommodation services segment.
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