Magnetic Information Technology Limited
About Magnetic Information Technology Limited
Data last updated:
Magnetic Information Technology Limited is a public limited company based in Ropar, Punjab, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 August 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U32109PB1982PLC005068. Its GSTIN is 03AACCM7871J1ZA (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹82 Lakh. It was formerly known as Alfa Peripherals Limited. It is led by directors including Pawitter Singh Sidhu (Managing Director) and Satinder Dhawan (Whole-Time Director).
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 B 100 Phase Viisas Nagar Mohali, 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. For the same year it recorded a net profit of ₹59.72 Lakh (net margin 53.1%) and EBITDA of ₹80.85 Lakh (EBITDA margin 71.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
As per MCA filings, the company has open charges of ₹1.94 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
CIN History of Magnetic Information Technology Limited
Magnetic Information Technology 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 |
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- Registered AddressB 100 Phase Viisas Nagar Mohali, Ropar, Punjab, India
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Financials of Magnetic Information Technology Limited FY 2025 filings available
Magnetic Information Technology Limited reported revenue of ₹1.12 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magnetic Information Technology Limited
Revenue fell 1% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 662% 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 Magnetic Information Technology 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 | ₹80.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹59.72 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magnetic Information Technology Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 53.1% | •••• | •••• | •••• | •••• |
| 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 Magnetic Information Technology are in the company report.
Financial statements from 2015
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 Magnetic Information Technology Limited
Magnetic Information Technology has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harninder Singh Gill Also directs: Mitgart India Ltd, Gilson Industries Private Limited | Director | 03 Mar 2018 | 8 Years 7 Months | Current |
| Satinder Dhawan Also directs: Mitgart India Ltd, Mehfil Hospitality Limited | Whole-Time Director | 16 Aug 2016 | 10 Years 2 Months | Current |
| Sumeet Singh Sidhu | Director | 16 Mar 2002 | 24 Years 7 Months | Current |
| Rubina Sidhu Also directs: Mitgart India Ltd, Sahib Tradelinks Private Limited | Director | 27 Jun 2020 | 6 Years 3 Months | Current |
| Pawitter Singh Sidhu Also directs: Mitgart India Ltd | Managing Director | 29 Jun 1983 | 43 Years 3 Months | Current |
Peer Comparison of Magnetic Information Technology Limited
Magnetic Information Technology Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Plant 2 PC Engineering Solutions Private Limited | ₹1.13 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Chennai, Tamil Nadu, India |
| Asiawebguru Private Limited | ₹1.13 Cr (FY 2023) | •••• | •••• | 123.0% | •••• | Delhi, India |
| Unic Software Technology Private Limited | ₹1.13 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | New Delhi, Delhi, India |
| Techmax Technologies Private Limited | ₹1.13 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Kochi, Kerala, India |
| Kasper Consulting Private Limited | ₹1.13 Cr (FY 2024) | •••• | •••• | -68.0% | •••• | New Delhi, Delhi, India |
| Magnetic Information Technology Limited this company | ₹1.12 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Ropar, Punjab, India |
| Trident Analytical Solutions Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Kanpur, Uttar Pradesh, India |
| Rejuvenating Wellness Hideaways Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | 187.0% | •••• | Bengaluru, Karnataka, India |
| SPK Workforce24 Technologies Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Ashoka Solar Energy Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | -79.0% | •••• | Nashik, Maharashtra, India |
| Quick Report Software Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Magnetic Information Technology by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magnetic Information Technology Limited
Magnetic Information Technology Limited is audited by MEHROTRA SHARMA & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MEHROTRA SHARMA & ASSOCIATES | 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.
Ownership and Shareholding of Magnetic Information Technology 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 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
Legal Cases of Magnetic Information Technology Limited
Magnetic Information Technology Limited has 2 court cases on record: 1 filed by Magnetic Information Technology, 1 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Appeal | Filed by the company against Punjab Recorders Ltd | Disposed |
| High Court of Punjab and Haryana | Revision petition | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Magnetic Information Technology Limited
Employment history and EPFO contributions of people linked to Magnetic Information Technology.
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 Magnetic Information Technology Limited
Magnetic Information Technology Limited has 12 board changes on record since 1983: 5 appointments and 7 cessations. The latest: Rubina Sidhu ceased to be Additional Director on 30 Dec 2020.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Magnetic Information Technology 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 Magnetic Information Technology 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
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Subsidiaries & Group Companies of Magnetic Information Technology 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 Magnetic Information Technology Limited
Magnetic Information Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCM7871J1ZA | Punjab | Active | 06 Sep 2017 |
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 Magnetic Information Technology 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 Magnetic Information Technology Limited
Magnetic Information Technology is an active public limited company based in Ropar, Punjab, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 August 1982 (44+ years old) and is registered under CIN U32109PB1982PLC005068.
Magnetic Information Technology reported revenue of ₹1.12 Cr for FY 2025 (down 1% YoY).
Magnetic Information Technology has 5 current directors:
- Pawitter Singh Sidhu - Managing Director
- Satinder Dhawan - Whole-Time Director
- Harninder Singh Gill - Director
- Sumeet Singh Sidhu - Director
- Rubina Sidhu - Director
Magnetic Information Technology reported a net profit of ₹59.72 Lakh (net margin 53.1%) and EBITDA of ₹80.85 Lakh (EBITDA margin 71.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magnetic Information Technology is 12% over three years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magnetic Information Technology is 03AACCM7871J1ZA, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnetic Information Technology is U32109PB1982PLC005068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnetic Information Technology has 2 court cases on record: 1 filed by the company and 1 filed against it.
Magnetic Information Technology was incorporated on 10 August 1982, making it 44+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Magnetic Information Technology by revenue are Plant 2 PC Engineering Solutions Private Limited, Asiawebguru Private Limited, Unic Software Technology Private Limited, Techmax Technologies Private Limited, Kasper Consulting Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Rubina Sidhu ceased to be Additional Director on 30 Dec 2020. Rubina Sidhu was appointed as Director on 27 Jun 2020. Harinder Kaur Gill ceased to be Whole-Time Director on 09 Dec 2019. Magnetic Information Technology has 12 board changes on record in total.