About Magnetar Labs Private Limited
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Magnetar Labs Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Clear Feed Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 21 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC147716. Its GSTIN is 29AAOCM6170A1ZD (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Joydeep Sen Sarma and Sushmita Chowdhury.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 6033 Sobha Dahlia Apartments Bellandur, Bangalore, Karnataka, India – 560103.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.18 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹70.69 Lakh (net margin 9.8%) and EBITDA of ₹98.09 Lakh (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Clearfeed.
For more details, the company can be reached via its website clearfeed.ai.
Company details
Contact details
Magnetar Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is clearfeed.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 6033 Sobha Dahlia Apartments Bellandur, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Magnetar 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
Brands
Magnetar Labs operates one associated brand: Clearfeed. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered helpdesk solutions for Slack and Microsoft Teams are provided. | clearfeed.ai |
Business activity
The main business activity of Magnetar Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Magnetar Labs Private Limited, buy the company report.
Financials of Magnetar Labs Private Limited
FY 2025 filings availableMagnetar Labs Private Limited reported revenue of ₹7.18 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 67%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹98.09 Lakh | |||
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| Net Profit (PAT) | ₹70.69 Lakh | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | ||||
| EBITDA Margin | 13.7% | |||
| Net Profit Margin | 9.8% | |||
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To see the full financial statements and ratios of Magnetar Labs Private Limited, buy the company report.
Board of directors of Magnetar Labs Private Limited
Magnetar Labs has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joydeep Sen Sarma | Director | 21 May 2021 | 5 Years 5 Months | Current |
| Sushmita Chowdhury Also directs: Sushmita Chowdhury & Co LLP, Eco Crystal Private Limited, Osi Maritime Systems Private Limited and 2 more | Director | 01 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Magnetar Labs Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Enserve Consultancy Services Private Limited | ₹7.2 Cr (FY 2025) | 92.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Gnat Technologies Private Limited | ₹7.19 Cr (FY 2025) | 110.0% | Bangalore, Karnataka, India | |||
| Cognecto Private Limited | ₹7.19 Cr (FY 2025) | 281.0% | Bangalore, Karnataka, India | |||
| Uvik Technologies Private Limited | ₹7.18 Cr (FY 2025) | 40.0% | Gandhinagar, Gujarat, India | |||
| Magnetar Labs Private Limitedthis company | ₹7.18 Cr (FY 2025) | ₹70.69 Lakh | 9.8% | -1.0% | Bangalore, Karnataka, India | |
| Pcon Utilities Private Limited | ₹7.18 Cr (FY 2024) | 33.0% | Bhubaneswar, Odisha, India | |||
| Devahuthi Software Solutions Private Limited | ₹7.17 Cr (FY 2025) | -4.0% | Hyderabad, Telangana, India | |||
| Jamcracker Software Technologies Private Limited | ₹7.17 Cr (FY 2024) | -28.0% | Bannerghata, Karnataka, India | |||
| Qcid Technologies Private Limited | ₹7.17 Cr (FY 2024) | 91.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magnetar Labs Private Limited, buy the company report.
Auditor
Magnetar Labs Private Limited is audited by Shobha & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shobha & Co. | FY 2023 | 008699S |
Shareholding
The shareholding of Magnetar Labs Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magnetar Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnetar Labs Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magnetar Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnetar Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM6170A1ZD | Karnataka | Active | 08 Jul 2021 |
To see the full GST registrations and return filing status of Magnetar Labs Private Limited, buy the company report.
Recent activity
Magnetar Labs Private Limited has 5 board changes on record since 2021: 2 appointments and 3 cessations. The latest: Sushmita Chowdhury ceased to be Additional Director on 29 Sep 2025.
News
Frequently asked questions
Magnetar Labs is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 21 May 2021 (5+ years old) and is registered under CIN U72900KA2021PTC147716.
Magnetar Labs has 2 current directors:
- Joydeep Sen Sarma - Director
- Sushmita Chowdhury - Director
The latest financial statements of Magnetar Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Magnetar Labs is 29AAOCM6170A1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Magnetar Labs is U72900KA2021PTC147716. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnetar Labs was incorporated on 21 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Magnetar Labs by revenue are Enserve Consultancy Services Private Limited, Gnat Technologies Private Limited, Cognecto Private Limited, Uvik Technologies Private Limited, Pcon Utilities Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Sushmita Chowdhury ceased to be Additional Director on 29 Sep 2025. Sushmita Chowdhury was appointed as Director on 01 Dec 2024. Ankit Jain ceased to be Additional Director on 30 Sep 2022. Magnetar Labs has 5 board changes on record in total.
Magnetar Labs can be reached through the website clearfeed.ai. Its registered office is in Bangalore, Karnataka, India.
The registered office of Magnetar Labs is at No. 6033 Sobha Dahlia Apartments Bellandur, Bangalore, Karnataka, India – 560103.
Magnetar Labs operates in the information technology industry, in the application development and software solutions segment.