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 of Magneto IT Solutions Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressWhite Square Office No. – 402 Wakad Road S. No. – 48, Pune, Maharashtra, India – 411057
- IndustryInformation Technology, IT Consulting & Support Services
Comprehensive company report
Magneto IT Solutions Private Limited - one report that includes everything
- Company details, directors and signatories
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- Legal cases, compliance and MCA filings
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Associated Brands with Magneto IT Solutions Private Limited
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 of Magneto IT Solutions Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Verified entity values are shown only after access is granted.
Financials of Magneto IT Solutions Private Limited FY 2025 filings available
Magneto 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) of Magneto IT Solutions Private Limited
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 of Magneto IT Solutions Private 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 | ₹1.89 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.62 Cr | •••• | •••• | •••• | •••• |
| 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 Magneto IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.7% | •••• | •••• | •••• | •••• |
| 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 Magneto IT Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
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 of Magneto IT Solutions Private Limited
Magneto IT Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| 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 Limited this company | ₹13.9 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | 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 |
Peers are the five companies nearest above and the five nearest below Magneto IT Solutions 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magneto IT Solutions Private Limited
Magneto IT Solutions Private Limited is audited by DINESHKUMAR V. SHAH & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DINESHKUMAR V. SHAH & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Magneto IT Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Magneto IT Solutions Private Limited
Open charges
₹75 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2017 | Others | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Magneto IT Solutions Private Limited
Magneto IT Solutions Private Limited has a workforce of 15 employees as of Apr 02, 2024.
Employee count
15
Active EPFO establishments
1
Employee growth
50%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Magneto IT Solutions Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Magneto IT Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Magneto IT Solutions Private Limited
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Subsidiaries & Group Companies of Magneto IT Solutions Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Magneto IT Solutions Private Limited
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 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Magneto IT Solutions 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.
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Frequently Asked Questions about Magneto IT Solutions Private Limited
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 reported revenue of ₹13.9 Cr for FY 2025 (up 2% YoY).
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
Magneto IT Solutions reported a net profit of ₹1.62 Cr (net margin 11.7%) and EBITDA of ₹1.89 Cr (EBITDA margin 13.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magneto IT Solutions is 15% over three years and 33% over five years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
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).