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Magnetix Infosystems & Development Private Limited - information technology in Patna, Bihar, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.62 Cr
▼ 67% YoY
Net profit · FY 2024
₹14.75 Lakh
Net margin 1.5%
EBITDA · FY 2024
₹70.65 Lakh
EBITDA margin 7.3%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹57.5 Lakh
Issued & subscribed
Open charges
₹4.6 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
17
Provident fund records
About Magnetix Infosystems & Development Private Limited
Data last updated:
Magnetix Infosystems & Development Private Limited is a private limited company based in Patna, Bihar, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Patna, under CIN U74999BR2018PTC037160. Its GSTIN is 10AALCM6185E1ZK (Bihar).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹57.5 Lakh. It was formerly known as Magnet Infosystems & Development Private Limited and Madnetix Infosystems & Services Private Limited. It is led by directors including Majesh Raj (Managing Director) and Nagendra Kumar.
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 C/O Gangeshwari Devi D/O Late S.K.Singh 198 P.P.Colony Patliputra, Patna, Bihar, India – 800013.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.62 Cr, a decline of 67% compared to the previous year. For the same year it recorded a net profit of ₹14.75 Lakh (net margin 1.5%) and EBITDA of ₹70.65 Lakh (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 293% over three years and 187% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MagNetix Infosystems. As per MCA filings, the company has open charges of ₹4.6 Cr on record.
Magnetix Infosystems & Development Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-BR-26-0010147). For more details, the company can be reached via its website magnetixinfo.com.
Company details
CIN U74999BR2018PTC037160
Registration Number 037160
Incorporation Date 16 February 2018
ROC Patna
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 Small
Udyam Registration UDYAM-BR-26-0010147
Name history
Magnetix Infosystems & Development has undergone 2 name changes throughout its history. The company was previously known as Magnet Infosystems & Development Private Limited, and Madnetix Infosystems & Services Private Limited. The current legal name is Magnetix Infosystems & Development Private Limited.
| Company Name | Status |
|---|---|
| Magnetix Infosystems & Development Private Limited | Current |
| Magnet Infosystems & Development Private Limited | Previous |
| Madnetix Infosystems & Services Private Limited | Previous |
Recognitions & Rankings of Magnetix Infosystems & Development
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-BR-26-0010147
Contact details
Magnetix Infosystems & Development Private Limited's registered office is in Patna, Bihar. Its website is magnetixinfo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O Gangeshwari Devi D/O Late S.K.Singh 198 P.P.Colony Patliputra, Patna, Bihar, India – 800013
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Magnetix Infosystems & Development Private Limited, buy the company report.
Comprehensive company report
Magnetix Infosystems & Development Private Limited - one report that includes everything
- 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
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Brands
Magnetix Infosystems & Development operates one associated brand: MagNetix Infosystems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides cyber security, cloud computing, system integration, data analytics, and digital solutions to clients. | magnetixinfo.com |
Business activity
The main business activity of Magnetix Infosystems & Development is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Magnetix Infosystems & Development Private Limited, buy the company report.
Financials of Magnetix Infosystems & Development Private Limited
FY 2024 filings availableMagnetix Infosystems & Development Private Limited reported revenue of ₹9.62 Cr (down 67% YoY) for FY 2024.
Revenue · FY 2024
₹9.62 Cr ▼ 67%
Net profit · FY 2024
₹14.75 Lakh margin 1.5%
EBITDA · FY 2024
₹70.65 Lakh margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 67%
3 years · compounded
▲ 293%
5 years · compounded
▲ 187%
EBITDA CAGR growth
1 year
▼ 70%
3 years · compounded
▲ 405%
5 years · compounded
▲ 142%
Revenue fell 67% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 187%. EBITDA fell 70% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹70.65 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹14.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Magnetix Infosystems & Development Private Limited, buy the company report.
Board of directors of Magnetix Infosystems & Development Private Limited
Magnetix Infosystems & Development has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Majesh Raj | Managing Director | 16 Feb 2018 | 8 Years 8 Months | Current |
| Nagendra Kumar | Director | 29 Jun 2022 | 4 Years 3 Months | Current |
| Anil Kumar | Director | 16 Feb 2018 | 8 Years 8 Months | Current |
| Prem Kumar | Director | 16 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Magnetix Infosystems & Development Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bi3 Technologies India Private Limited | ₹9.63 Cr (FY 2025) | 35.0% | Chennai, Tamil Nadu, India | |||
| Cashgro Digital Platform Private Limited | ₹9.63 Cr (FY 2024) | 36.0% | New Delhi, Delhi, India | |||
| Bigleap HR Services Private Limited | ₹9.62 Cr (FY 2023) | Hyderabad, Telangana, India | ||||
| Magnetix Infosystems & Development Private Limitedthis company | ₹9.62 Cr (FY 2024) | ₹14.75 Lakh | 1.5% | -67.0% | 17 | Patna, Bihar, India |
| Soterius Life Sciences India Private Limited | ₹9.61 Cr (FY 2025) | 17.0% | Delhi, India | |||
| Aum Research Labs Private Limited | ₹9.61 Cr (FY 2024) | -3.0% | Rakanpur, Gujarat, India | |||
| Red Apple Technologies Private Limited | ₹9.61 Cr (FY 2025) | -14.0% | New Delhi, Delhi, India | |||
| Madhu Jas Promotions Private Limited | ₹9.61 Cr (FY 2024) | 162.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Magnetix Infosystems & Development Private Limited, buy the company report.
Auditor
Magnetix Infosystems & Development Private Limited is audited by ARVIND ARPAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARVIND ARPAN & ASSOCIATES | FY 2023 | 010011C |
Shareholding
The shareholding of Magnetix Infosystems & Development Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Magnetix Infosystems & Development Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2022 | 100672540 | State Bank of India | ₹4.6 Cr | Open |
To see the full charge records of Magnetix Infosystems & Development Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magnetix Infosystems & Development 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 Magnetix Infosystems & Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magnetix Infosystems & Development Private Limited has a workforce of 17 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-15%
GST
Magnetix Infosystems & Development has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AALCM6185E1ZK | Bihar | Active | 08 Mar 2018 |
To see the full GST registrations and return filing status of Magnetix Infosystems & Development Private Limited, buy the company report.
Recent activity
Magnetix Infosystems & Development Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Nagendra Kumar was appointed as Director on 29 Jun 2022.
Charges
A charge with State Bank Of India of Rs. 460.00 Lakh registered on 15 Dec 2022 with Charge ID 100672540 was modified on 09 May 2025.
AGM
Magnetix Infosystems & Development Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Magnetix Infosystems & Development Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Patna.
Charges
A charge with State Bank Of India amounted to Rs. 460.00 Lakh with Charge ID 100672540 was registered on 15 Dec 2022.
Appointed
Nagendra Kumar was appointed as Director.
Ceased
Majesh Raj ceased to be Director.
Ceased
Prem Kumar ceased to be Managing Director.
Appointed
Anil Kumar was appointed as Director.
Appointed
Majesh Raj was appointed as Managing Director.
Appointed
Prem Kumar was appointed as Director.
Incorporation
16 Feb 2018
Magnetix Infosystems & Development Private Limited was registered on 16 Feb 2018 with Roc Patna & aged 8 years 8 months as per MCA records.
Frequently asked questions
Magnetix Infosystems & Development is an active private limited company based in Patna, Bihar, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 February 2018 (8+ years old) and is registered under CIN U74999BR2018PTC037160.
Magnetix Infosystems & Development has 4 current directors:
- Majesh Raj - Managing Director
- Nagendra Kumar - Director
- Anil Kumar - Director
- Prem Kumar - Director
The latest financial statements of Magnetix Infosystems & Development on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Magnetix Infosystems & Development is 10AALCM6185E1ZK, registered in Bihar.
The CIN (Corporate Identification Number) of Magnetix Infosystems & Development is U74999BR2018PTC037160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnetix Infosystems & Development was incorporated on 16 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Patna.
The peers of Magnetix Infosystems & Development by revenue are Bi3 Technologies India Private Limited, Cashgro Digital Platform Private Limited, Bigleap HR Services Private Limited, Soterius Life Sciences India Private Limited, Aum Research Labs Private Limited and 2 more, all in the same principal business activity (other professional, scientific and technical activities).
Nagendra Kumar was appointed as Director on 29 Jun 2022. Majesh Raj ceased to be Director on 09 May 2022. Prem Kumar ceased to be Managing Director on 09 May 2022. Magnetix Infosystems & Development has 6 board changes on record in total.
Yes, Magnetix Infosystems & Development is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Magnetix Infosystems & Development is registered as a small enterprise under Udyam registration (number: UDYAM-BR-26-0010147).
Magnetix Infosystems & Development can be reached through the website magnetixinfo.com. Its registered office is in Patna, Bihar, India.