About Magnetech Elevators Private Limited
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Magnetech Elevators Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 05 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29300TN2018PTC120726. Its GSTIN is 33AALCM5998H1ZV (Tamil Nadu).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹38 Lakh. It is led by directors including Gnanam Muthuraman and Muthulingam Rajamanickam.
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 43 Police Commissioner Office Road (Pco Road) Egmore, Chennai, Tamil Nadu, India – 600008.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.01 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹3.86 Lakh (net margin 1%) and EBITDA of ₹33.07 Lakh (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 48% over five years.
For more details, the company can be reached via its website magnetechelevators.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address43 Police Commissioner Office Road (Pco Road) Egmore, Chennai, Tamil Nadu, India – 600008
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Magnetech Elevators Private Limited
The main business activity of Magnetech Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Magnetech Elevators Private Limited FY 2025 filings available
Magnetech Elevators Private Limited reported revenue of ₹4.01 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magnetech Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 8% growth in the latest year. EBITDA rose 148% 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 Magnetech Elevators 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 | ₹33.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.86 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 Magnetech Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Magnetech Elevators are in the company report.
Financial statements from FY 2018
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 Magnetech Elevators Private Limited
Magnetech Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Venus Chetan Lift Private Limited | •••• | •••• | •••• | •••• | - | Bhopal, Madhya Pradesh, India |
| 360 Degree Global Equipments Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Yantra Shilpa Udyog Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Raloe Kothari Elevator Engineering Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Khare Engineering and Tools Pvt Ltd | •••• | •••• | •••• | •••• | 24 | Miraj, Maharashtra, India |
| Magnetech Elevators Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Galaxyhitech Engineers Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Hephzi Elevators Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Logkraft India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Space Magnum Equipment Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Kijeka Engineers Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Magnetech Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Magnetech Elevators Private Limited
Magnetech Elevators Private Limited is audited by B P R V & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B P R V & CO LLP | 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 Magnetech Elevators Private Limited
Magnetech Elevators has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gnanam Muthuraman | Director | 16 Sep 2022 | 4 Years 0 Months | Current |
| Muthulingam Rajamanickam | Director | 05 Feb 2018 | 8 Years 8 Months | Current |
| Egappan Gnanam Also directs: Muthu Pharmacy Private Limited, NKC Finance Private Limited, Muthu Hospitals Private Limited and 1 more | Director | 05 Feb 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of Magnetech Elevators 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 Magnetech Elevators Private Limited
Magnetech Elevators Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magnetech Elevators Private Limited
Employment history and EPFO contributions of people linked to Magnetech Elevators.
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 Magnetech Elevators Private Limited
Magnetech Elevators Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Gnanam Muthuraman was appointed as Director on 16 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Magnetech Elevators 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 Magnetech Elevators 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 Magnetech Elevators 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 Magnetech Elevators Private Limited
Magnetech Elevators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCM5998H1ZV | Tamil Nadu | Active | 05 Feb 2018 |
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 Magnetech Elevators 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 Magnetech Elevators Private Limited
Magnetech Elevators is an active private limited company based in Chennai, Tamil Nadu, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 05 February 2018 (8+ years old) and is registered under CIN U29300TN2018PTC120726.
Magnetech Elevators reported revenue of ₹4.01 Cr for FY 2025 (up 8% YoY).
Magnetech Elevators has 3 current directors:
- Gnanam Muthuraman - Director
- Muthulingam Rajamanickam - Director
- Egappan Gnanam - Director
Magnetech Elevators reported a net profit of ₹3.86 Lakh (net margin 1%) and EBITDA of ₹33.07 Lakh (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magnetech Elevators is 49% over three years and 48% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magnetech Elevators is 33AALCM5998H1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Magnetech Elevators is U29300TN2018PTC120726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnetech Elevators was incorporated on 05 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Magnetech Elevators by revenue are Venus Chetan Lift Private Limited, 360 Degree Global Equipments Private Limited, Yantra Shilpa Udyog Pvt Ltd, Raloe Kothari Elevator Engineering Private Limited, Khare Engineering and Tools Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Gnanam Muthuraman was appointed as Director on 16 Sep 2022. Egappan Gnanam was appointed as Director on 05 Feb 2018. Muthulingam Rajamanickam was appointed as Director on 05 Feb 2018.
Magnetech Elevators can be reached through the website magnetechelevators.com. Its registered office is in Chennai, Tamil Nadu, India.