Magnet Technologies Private Limited - Company Profile

It is a information technology private limited company based in Mumbai, Maharashtra, India, established in 1999.
1999 Mumbai, Maharashtra, India Struck Off
Last Updated:
Access Report
About Magnet Technologies Private Limited

Magnet Technologies Private Limited, a struck off private limited company, was established on 28 May 1999 in Mumbai, Maharashtra, India. Engaging in software development & support services within the information technology sector, it holds CIN: U72900MH1999PTC120090. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 M and a paid-up capital of ₹1.35 M.

It upholds a compliant status. Its leadership includes Haribabu Ramakrishnan (Director), Nirav Vinodbhai Mehta (Director). Past directors included Ashok Motichand Karania, Haribabu Ramakrishnan, Nirav Vinodbhai Mehta. Its latest AGM occurred on 28 September 2022, with the balance sheet filed on 31 March 2022. It is based at 126, 1St Floor Raghuleela Mega Mall, S.V. Road, Kandivali (West),, Mumbai, Maharashtra, 400067.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U72900MH1999PTC120090

  • Registration Number

    120090

  • Incorporation Date

    28 May 1999

  • Authorized Capital

    ₹5.00 M

  • Paid-Up Capital

    ₹1.35 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Struck Off

Key Metrics
  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 1.35 M
  • Company Age 26 Year, 9 Months
  • Last Filing with ROC 31 Mar 2022
  • Revenue Growth **** -95.10%
  • Profit Growth **** -99.73%
  • Ebitda **** -282.03%
  • Total Assets -71.93%
Company report

Magnet Technologies Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Magnet Technologies Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Magnet Technologies Private Limited?
Current Directors
Name Designation Appointment Date Status
Haribabu Ramakrishnan Director 30 Aug 2021 Current
Nirav Vinodbhai Mehta Director 28 May 1999 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 31 Aug 2009 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Director 01 Jan 2008 Past
Pramod Abcsdd Director 06 Oct 2021 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Magnet Technologies.

Magnet Technologies Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 95.1% decrease. The company also saw a substantial fall in profitability, with a 99.73% decrease in profit. The company's net worth witnessed no change by increase of 0%.

Magnet Technologies revenue growth over time
Magnet Technologies profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -95.10%
*******
*******
*******
*******
Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 -71.93%
*******
*******
*******
*******
Profit or Loss
*******
 -99.73%
*******
*******
*******
*******
Net Worth
*******
*******
*******
*******
*******
*******
EBITDA
*******
 -282.03%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Magnet Technologies?

In 2020, Magnet Technologies had a promoter holding of 39.96% and a public holding of 60.04%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

How Many Employees Work at Magnet Technologies?

Magnet Technologies has a workforce of 0 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnet Technologies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magnet Technologies's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Magnet Technologies
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Magnet Technologies Private Limited last Annual general meeting of members was held on 28 Sep 2022 as per latest MCA records. was documented.

  • Balance Sheet

    The activity Magnet Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai. was completed.

  • Director Appointment

    Haribabu Ramakrishnan was appointed as a Director was appointed as a Director on 30 Aug 2021 & has been associated with this company since 4 years 6 months . was recorded as a recent event.

  • Director Appointment

    Nirav Vinodbhai Mehta was appointed as a Director was appointed as a Director on 28 May 1999 & has been associated with this company since 26 years 9 months . was recorded as a recent event.

  • Company Incorporation

    The activity Magnet Technologies Private Limited was registered on 28 May 1999 with Roc Mumbai & aged 26 years 9 months as per MCA records. was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Magnet Technologies Private Limited?

The CIN of Magnet Technologies Private Limited is U72900MH1999PTC120090.

Where is Magnet Technologies Private Limited headquartered?

Magnet Technologies Private Limited is headquartered at 126, 1St Floor Raghuleela Mega Mall, S.V. Road, Kandivali (West),, Mumbai, Maharashtra, 400067.

When was Magnet Technologies Private Limited incorporated?

Magnet Technologies Private Limited was incorporated on 28 May 1999.

Who are the current directors of Magnet Technologies Private Limited?

The current directors of Magnet Technologies Private Limited are

What is the primary industry of Magnet Technologies Private Limited?

The primary industry of Magnet Technologies Private Limited is Information Technology.

Is Magnet Technologies Private Limited a listed company?

Magnet Technologies Private Limited is unlisted.

What is the capital structure of Magnet Technologies Private Limited?

The authorized capital of Magnet Technologies Private Limited is ₹5.00 M, and the paid-up capital is ₹1.35 M.

What is the compliance status of Magnet Technologies Private Limited?

The compliance status of Magnet Technologies Private Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available