Magnetic Information Technology Limited
About Magnetic Information Technology Limited
Data last updated: 24 February 2026
Magnetic Information Technology Limited is a public limited company based in Distt Ropar, Punjab, India. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 10 August 1982, the company has been in operation for over 44 years.
Registered with ROC Chandigarh under CIN L32109PB1982PLC005068.
Capital: an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹82 Lakh. Formerly known as Alfa Peripherals Limited. It is led by directors including Harninder Singh Gill and Satinder Dhawan.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: B 100 Phase Viisas Nagar Mohali, Distt Ropar, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.12 Cr, a decline of 1% compared to the previous year.
As per MCA filings, the company has open charges of ₹1.94 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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Registered AddressB 100 Phase Viisas Nagar Mohali, Distt Ropar, Punjab, India
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IndustryInformation Technology, IT Consulting & Support 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
CIN History of Magnetic Information Technology Limited
Magnetic Information Technology Limited has one previous CIN (Corporate Identification Number): L32109PB1982PLC005068. The current CIN is U32109PB1982PLC005068, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109PB1982PLC005068 | Current |
| L32109PB1982PLC005068 | Previous |
Board of Directors of Magnetic Information Technology Limited
Magnetic Information Technology Limited is currently managed by 5 directors, with 7 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 |
|---|---|---|---|---|
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Harninder Singh Gill
Also directs:
Mitgart India Ltd, Gilson Industries Private Limited
|
Director | 03 Mar 2018 | 8 Years 4 Months | Current |
|
Satinder Dhawan
Also directs:
Mitgart India Ltd, Mehfil Hospitality Limited
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Whole-Time Director | 16 Aug 2016 | 9 Years 11 Months | Current |
| Sumeet Singh Sidhu | Director | 16 Mar 2002 | 24 Years 4 Months | Current |
|
Rubina Sidhu
Also directs:
Mitgart India Ltd, Sahib Tradelinks Private Limited
|
Director | 27 Jun 2020 | 6 Years 0 Months | Current |
|
Pawitter Singh Sidhu
Also directs:
Mitgart India Ltd
|
Managing Director | 29 Jun 1983 | 43 Years 0 Months | Current |
Financials of Magnetic Information Technology Limited FY 2025 filings available
Magnetic Information Technology Limited reported revenue of ₹1.12 Cr (down 1.00% YoY) for FY 2025.
Ten-year financial statements for Magnetic Information Technology Limited
Historical statement values and trend charts require an active report plan.
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Charges & Borrowings of Magnetic Information Technology Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Oct 1987 | State Bank of India | ₹46.25 Lakh | Open |
| 01 Apr 1987 | Industrial Finance Corporation of India | ₹31.5 Lakh | Open |
| 23 May 1986 | State Bank of India | ₹20 Lakh | Open |
| 11 May 1984 | Punjab Financial Corporation | ₹30 Lakh | Open |
| 02 May 1984 | State Bank of India | ₹6 Lakh | Open |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Magnetic Information Technology Limited
View historical data on people associated with Magnetic Information Technology Limited, including employment history and EPFO contributions.
Employee and EPFO history for Magnetic Information Technology Limited
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GST Compliance of Magnetic Information Technology Limited
GST registrations and filing compliance for Magnetic Information Technology Limited
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Credit Ratings, Litigation & Regulatory Alerts for Magnetic Information Technology Limited
Credit ratings, litigation, and regulatory alerts for Magnetic Information Technology Limited
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MSME Payment Delays by Magnetic Information Technology Limited
MSME payment history for Magnetic Information Technology Limited
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Subsidiaries & Group Companies of Magnetic Information Technology Limited
Corporate group structure for Magnetic Information Technology Limited
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MCA Filings & Documents of Magnetic Information Technology Limited
MCA filings and documents for Magnetic Information Technology Limited
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Recent Activity on Magnetic Information Technology Limited
Frequently Asked Questions about Magnetic Information Technology Limited
Magnetic Information Technology Limited is an active public limited company in the information technology sector based in Distt Ropar, Punjab, India. It was incorporated on 10 August 1982 (44+ years old) and is registered under CIN U32109PB1982PLC005068.
Magnetic Information Technology Limited reported revenue of ₹1.12 Cr for FY 2025 (down 1.00% YoY).
The current directors of Magnetic Information Technology Limited are:
- Harninder Singh Gill - Director
- Satinder Dhawan - Whole-Time Director
- Sumeet Singh Sidhu - Director
- Rubina Sidhu - Director
- Pawitter Singh Sidhu - Managing Director
The primary industry of Magnetic Information Technology Limited is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
Magnetic Information Technology Limited can be reached at the registered office: B 100 Phase Viisas Nagar Mohali, Distt Ropar, Punjab, India.
The authorised capital is ₹1.2 Cr, and the paid-up capital is ₹82 Lakh.