Magnet Resorts Limited
About Magnet Resorts Limited
Data last updated: 23 December 2025
Magnet Resorts Limited is a public limited company based in Punjab, Punjab, India. It specialises in hotel and accommodation services, a part of the broader travel and hospitality sector. Incorporated on 12 March 1996, the company has been in operation for over 30 years.
Registered with ROC Chandigarh under CIN U55100PB1996PLC017851.
Capital: an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.37 Cr. It is led by directors including Harjinder Pal Singh Grewal and Narinder Pal Kaur.
Last AGM: 25 September 2024. Financial statements filed for year ended 31 March 2024. Office: 435/21 Bxx 1277Krishna Nagar Civil Lines Ludhiana, Punjab, Punjab, India – 141001.
As per MCA filings, the company has satisfied charges of ₹14 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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Registered Address435/21 Bxx 1277Krishna Nagar Civil Lines Ludhiana, Punjab, Punjab, India – 141001
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IndustryTravel and Hospitality, Hotel & Accommodation Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Magnet Resorts Limited
Magnet Resorts Limited operates primarily in the accommodation and food service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Accommodation and Food Service | Locked | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
Detailed business activity records for Magnet Resorts Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
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Auditor Details of Magnet Resorts Limited
Magnet Resorts Limited is audited by S. MANN & CO. for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. MANN & CO. | Locked | Locked | Locked |
Complete auditor history for Magnet Resorts Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors of Magnet Resorts Limited
Magnet Resorts Limited is currently managed by 5 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harjinder Pal Singh Grewal | Director | 15 May 1996 | 30 Years 2 Months | Current |
| Narinder Pal Kaur | Director | 15 May 1996 | 30 Years 2 Months | Current |
| Roopinder Kaur | Director | 15 May 1996 | 30 Years 2 Months | Current |
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Harinder Pal Singh
Also directs:
Davansay Intelligence Private Limited
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Managing Director | 13 Mar 1996 | 30 Years 4 Months | Current |
| Gagan Deep Gill | Additional Director | 27 Feb 2025 | 1 Years 4 Months | Current |
Financials of Magnet Resorts Limited FY 2024 filings available
Ten-year financial statements for Magnet Resorts Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Magnet Resorts Limited
Shareholding and ownership data for Magnet Resorts Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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Charges & Borrowings of Magnet Resorts Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Nov 1999 | Punjab & Sind Bank | ₹7 Lakh | Satisfied |
| 09 Nov 1999 | Punjab and Sind Bank | ₹7 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Magnet Resorts Limited
View historical data on people associated with Magnet Resorts Limited, including employment history and EPFO contributions.
Employee and EPFO history for Magnet Resorts Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
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GST Compliance of Magnet Resorts Limited
GST registrations and filing compliance for Magnet Resorts Limited
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- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Magnet Resorts Limited
Credit ratings, litigation, and regulatory alerts for Magnet Resorts Limited
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- Rating history
- Court and tribunal cases
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- Director-linked violations
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MSME Payment Delays by Magnet Resorts Limited
MSME payment history for Magnet Resorts Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Magnet Resorts Limited
Corporate group structure for Magnet Resorts Limited
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- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Magnet Resorts Limited
MCA filings and documents for Magnet Resorts Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Magnet Resorts Limited
Frequently Asked Questions about Magnet Resorts Limited
Magnet Resorts Limited is an active public limited company in the travel and hospitality sector based in Punjab, Punjab, India. It was incorporated on 12 March 1996 (30+ years old) and is registered under CIN U55100PB1996PLC017851.
The current directors of Magnet Resorts Limited are:
- Harjinder Pal Singh Grewal - Director
- Narinder Pal Kaur - Director
- Roopinder Kaur - Director
- Harinder Pal Singh - Managing Director
- Gagan Deep Gill - Additional Director
The primary industry of Magnet Resorts Limited is travel and hospitality. The company specifically operates in hotel and accommodation services. The company is currently active in this sector.
Magnet Resorts Limited can be reached at the registered office: 43521 Bxx 1277Krishna Nagar Civil Lines Ludhiana, Punjab, Punjab, India – 141001.
The authorised capital is ₹5.5 Cr, and the paid-up capital is ₹5.37 Cr.
The company has its registered office at 43521 Bxx 1277Krishna Nagar Civil Lines Ludhiana, Punjab, Punjab, India – 141001.