DPIIT recognised startup Government of India
Startup India
Magnetech Innovations Private Limited
Magnetech Innovations Private Limited - industrial manufacturing in Mysore, Karnataka, India. Directors, charges & compliance details.
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹20,000
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
Last financials
Mar 2024
Balance sheet date
Last AGM
30 Sep 2024
Annual general meeting
Company status
Active
MCA master data
Registrar
Bangalore
ROC office
About Magnetech Innovations Private Limited
Data last updated:
Magnetech Innovations Private Limited is a private limited company based in Mysore, Karnataka, India, recognised as a startup by DPIIT. It operates in the special-purpose machinery segment of the industrial manufacturing sector. It was incorporated on 25 March 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2022PTC159273.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹20,000. It is led by directors Lakshmi Ramesh Shastry (Managing Director) and Ramesh Nanjunda Shastry.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at # Plot No 205/ 69/A11 Hootagalli Industrial Area, Mysore, Karnataka, India – 570018.
Magnetech Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-22-0033753).
Company Details of Magnetech Innovations Private Limited
CIN U29299KA2022PTC159273
Registration Number 159273
Incorporation Date 25 March 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-22-0033753
Recognitions & Rankings of Magnetech Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-22-0033753
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address# Plot No 205/ 69/A11 Hootagalli Industrial Area, Mysore, Karnataka, India – 570018
- IndustryIndustrial Manufacturing, Special Purpose Machinery, Other Special Purpose Machinery, Manufacturing
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Financials of Magnetech Innovations Private Limited FY 2024 filings available
Financial Statement Summary of Magnetech Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• |
| 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 Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• |
| 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 Innovations are in the company report.
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Financial statements from FY 2022
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.
Board of Directors of Magnetech Innovations Private Limited
Magnetech Innovations has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Nanjunda Shastry | Director | 25 Mar 2022 | 4 Years 6 Months | Current |
| Lakshmi Ramesh Shastry | Managing Director | 25 Mar 2022 | 4 Years 6 Months | Current |
Charges & Borrowings of Magnetech Innovations Private Limited
Magnetech Innovations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magnetech Innovations Private Limited
Employment history and EPFO contributions of people linked to Magnetech Innovations.
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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 Innovations Private Limited
Magnetech Innovations Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Lakshmi Ramesh Shastry was appointed as Managing Director on 25 Mar 2022.
AGM
Magnetech Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Magnetech Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Lakshmi Ramesh Shastry was appointed as Managing Director.
Appointed
Ramesh Nanjunda Shastry was appointed as Director.
Incorporation
25 Mar 2022
Magnetech Innovations Private Limited was registered on 25 Mar 2022 with Roc Bangalore & aged 4 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Magnetech Innovations Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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MSME Payment Delays by Magnetech Innovations Private Limited
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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
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Subsidiaries & Group Companies of Magnetech Innovations Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Magnetech Innovations Private Limited
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GST registrations and filing compliance
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MCA Filings & Documents of Magnetech Innovations Private Limited
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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
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- Complete filing index
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Frequently Asked Questions about Magnetech Innovations Private Limited
Magnetech Innovations is an active private limited company based in Mysore, Karnataka, India. The company works in special purpose machinery, within the industrial manufacturing industry. It was incorporated on 25 March 2022 (4+ years old) and is registered under CIN U29299KA2022PTC159273.
Magnetech Innovations has 2 current directors:
- Lakshmi Ramesh Shastry - Managing Director
- Ramesh Nanjunda Shastry - Director
The CIN (Corporate Identification Number) of Magnetech Innovations is U29299KA2022PTC159273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnetech Innovations was incorporated on 25 March 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Lakshmi Ramesh Shastry was appointed as Managing Director on 25 Mar 2022. Ramesh Nanjunda Shastry was appointed as Director on 25 Mar 2022.
Yes, Magnetech Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Magnetech Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-22-0033753).
The registered office of Magnetech Innovations is at # Plot No 205 69A11 Hootagalli Industrial Area, Mysore, Karnataka, India – 570018.
Magnetech Innovations has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹20,000.
Magnetech Innovations operates in the industrial manufacturing industry, in the special purpose machinery segment.