MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0075078
Magneto IT Solutions Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹13.9 Cr
▲ 2% YoY
Net profit · FY 2025
₹1.62 Cr
Net margin 11.7%
EBITDA · FY 2025
₹1.89 Cr
EBITDA margin 13.6%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹75 Lakh
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
15
Provident fund records
About Magneto IT Solutions Private Limited
Data last updated:
Magneto IT Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2011PTC140436. Its GSTIN is 27AAHCM4441K2Z8 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Bhavik Sureshbhai Shah and Bhaveshkumar Ishvarlal Surani.
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 White Square Office No. – 402 Wakad Road S. No. – 48, Pune, Maharashtra, India – 411057.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.9 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.62 Cr (net margin 11.7%) and EBITDA of ₹1.89 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 33% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Magneto IT Solutions. As per MCA filings, the company has open charges of ₹75 Lakh on record.
Magneto IT Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0075078). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnetoitsolutions.com.
Company details
CIN U72900PN2011PTC140436
Registration Number 140436
Incorporation Date 10 August 2011
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0075078
Key People
Bhavik Sureshbhai Shah Director Bhaveshkumar Ishvarlal Surani Director Bhargavkumar Jagdishbhai Thakkar Director Recognitions & Rankings of Magneto IT Solutions
Contact details
Magneto IT Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is magnetoitsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWhite Square Office No. – 402 Wakad Road S. No. – 48, Pune, Maharashtra, India – 411057
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Magneto IT Solutions Private Limited, buy the company report.
Comprehensive company report
Magneto IT Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Magneto IT Solutions operates one associated brand: Magneto IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An offshore IT firm specializing in mobile application and web development services in India. | magnetoitsolutions.com |
Business activity
The main business activity of Magneto IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Magneto IT Solutions Private Limited, buy the company report.
Financials of Magneto IT Solutions Private Limited
FY 2025 filings availableMagneto IT Solutions Private Limited reported revenue of ₹13.9 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹13.9 Cr ▲ 2%
Net profit · FY 2025
₹1.62 Cr margin 11.7%
EBITDA · FY 2025
₹1.89 Cr margin 13.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 15%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 80%
3 years · compounded
▲ 56%
5 years · compounded
▲ 39%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 2% growth in the latest year. EBITDA rose 80% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.89 Cr | ||||
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| Net Profit (PAT) | ₹1.62 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 11.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Magneto IT Solutions Private Limited, buy the company report.
Board of directors of Magneto IT Solutions Private Limited
Magneto IT Solutions has 5 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 |
|---|---|---|---|---|
| Bhavik Sureshbhai Shah Also directs: Nexstar Alliance LLP, Bytes Technolab Private Limited | Director | 29 Apr 2024 | 2 Years 5 Months | Current |
| Bhaveshkumar Ishvarlal Surani | Director | 29 Apr 2024 | 2 Years 5 Months | Current |
| Bhargavkumar Jagdishbhai Thakkar | Director | 10 Aug 2011 | 15 Years 2 Months | Current |
| Ronak Harilal Meghani Also directs: Nexstar Alliance LLP, Bytes Technolab Private Limited | Director | 15 May 2012 | 14 Years 5 Months | Current |
| Nitesh Behani | Director | 10 Aug 2011 | 15 Years 2 Months | Current |
Peer comparison
Magneto IT Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Immersivevision Technology Private Limited | ₹13.99 Cr (FY 2025) | 93.0% | Pune, Maharashtra, India | |||
| Interactive Bees Private Limited | ₹13.96 Cr (FY 2025) | 19.0% | Delhi, India | |||
| Systalent Software Private Limited | ₹13.94 Cr (FY 2024) | 32.0% | Ernakulam, Kerala, India | |||
| Kal Atm Software India Private Limited | ₹13.93 Cr (FY 2025) | 46.0% | Mumbai, Maharashtra, India | |||
| HGM Technologies Private Limited | ₹13.92 Cr (FY 2025) | 183.0% | Guwahati, Assam, India | |||
| Magneto IT Solutions Private Limitedthis company | ₹13.9 Cr (FY 2025) | ₹1.62 Cr | 11.7% | 2.0% | 15 | Pune, Maharashtra, India |
| Tumlare Software Services Private Limited. | ₹13.86 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Scalable Consulting and Solutions Private Limited | ₹13.86 Cr (FY 2025) | 2.0% | Pune, Maharashtra, India | |||
| Beijer Electronics Technologies Private Limited | ₹13.8 Cr (FY 2025) | 34.0% | Pune, Maharashtra, India | |||
| Bitcot Technologies Private Limited | ₹13.8 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Gigantic Infotel Private Limited | ₹13.79 Cr (FY 2024) | 9.0% | Delhi, India |
To see the full peer comparison of Magneto IT Solutions Private Limited, buy the company report.
Auditor
Magneto IT Solutions Private Limited is audited by DINESHKUMAR V. SHAH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESHKUMAR V. SHAH & CO. | FY 2022 | 125102W |
Shareholding
The shareholding of Magneto IT Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magneto IT Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹75 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2017 | 100085863 | Others | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magneto IT Solutions 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 Magneto IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magneto IT Solutions Private Limited has a workforce of 15 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
50%
GST
Magneto IT Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM4441K2Z8 | Maharashtra | Active | 01 Nov 2017 |
| 24AAHCM4441K1ZF | Gujarat | Active | 19 Feb 2019 |
To see the full GST registrations and return filing status of Magneto IT Solutions Private Limited, buy the company report.
Recent activity
Magneto IT Solutions Private Limited has 7 board changes on record since 2011: 5 appointments and 2 cessations. The latest: Bhaveshkumar Ishvarlal Surani ceased to be Additional Director on 29 Sep 2024.
AGM
Magneto It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magneto It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Bhaveshkumar Ishvarlal Surani ceased to be Additional Director.
Ceased
Bhavik Sureshbhai Shah ceased to be Additional Director.
Appointed
Bhaveshkumar Ishvarlal Surani was appointed as Director.
Appointed
Bhavik Sureshbhai Shah was appointed as Director.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100085863 was registered on 24 Mar 2017.
Appointed
Ronak Harilal Meghani was appointed as Director.
Appointed
Bhargavkumar Jagdishbhai Thakkar was appointed as Director.
Appointed
Nitesh Behani was appointed as Director.
Incorporation
10 Aug 2011
Magneto It Solutions Private Limited was registered on 10 Aug 2011 with Roc Pune & aged 15 years 2 months as per MCA records.
Frequently asked questions
Magneto IT Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 August 2011 (15+ years old) and is registered under CIN U72900PN2011PTC140436.
Magneto IT Solutions has 5 current directors:
- Bhavik Sureshbhai Shah - Director
- Bhaveshkumar Ishvarlal Surani - Director
- Bhargavkumar Jagdishbhai Thakkar - Director
- Ronak Harilal Meghani - Director
- Nitesh Behani - Director
The latest financial statements of Magneto IT Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Magneto IT Solutions is 27AAHCM4441K2Z8, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAHCM4441K1ZF (Gujarat).
The CIN (Corporate Identification Number) of Magneto IT Solutions is U72900PN2011PTC140436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magneto IT Solutions was incorporated on 10 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Magneto IT Solutions by revenue are Immersivevision Technology Private Limited, Interactive Bees Private Limited, Systalent Software Private Limited, Kal Atm Software India Private Limited, HGM Technologies Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Bhaveshkumar Ishvarlal Surani ceased to be Additional Director on 29 Sep 2024. Bhavik Sureshbhai Shah ceased to be Additional Director on 29 Sep 2024. Bhaveshkumar Ishvarlal Surani was appointed as Director on 29 Apr 2024. Magneto IT Solutions has 7 board changes on record in total.
Yes, Magneto IT Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0075078).
Magneto IT Solutions can be reached through the website magnetoitsolutions.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Magneto IT Solutions is at White Square Office No. – 402 Wakad Road S. No. – 48, Pune, Maharashtra, India – 411057.