Magnicode Solutions Private Limited
About Magnicode Solutions Private Limited
Data last updated:
Magnicode Solutions Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 02 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2010PTC026959. Its GSTIN is 32AAGCM8309R1ZY (Kerala).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sreelal Varanapallil Bhasurangan (Managing Director) and Deepa Asok Kumar.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Module 6 Nila Building Technopark, Thiruvananthapuram, Kerala, India – 695581.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.03 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹3.59 Lakh (net margin 3.5%) and EBITDA of ₹4.61 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹16.12 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magnicode Solutions Private Limited's registered office is in Thiruvananthapuram, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressModule 6 Nila Building Technopark, Thiruvananthapuram, Kerala, India – 695581
- IndustryInformation Technology, Consultancy, Computer Programming
To see the full contact details of Magnicode Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Magnicode Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Magnicode Solutions Private Limited, buy the company report.
Financials of Magnicode Solutions Private Limited
FY 2025 filings availableMagnicode Solutions Private Limited reported revenue of ₹1.03 Cr (up 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 17% growth in the latest year. EBITDA rose 320% 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 | ₹4.61 Lakh | ||||
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| Net Profit (PAT) | ₹3.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 3.5% | ||||
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To see the full financial statements and ratios of Magnicode Solutions Private Limited, buy the company report.
Board of directors of Magnicode Solutions Private Limited
Magnicode Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sreelal Varanapallil Bhasurangan | Managing Director | 02 Nov 2010 | 15 Years 11 Months | Current |
| Deepa Asok Kumar | Director | 02 Nov 2010 | 15 Years 11 Months | Current |
Peer comparison
Magnicode Solutions Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Casfer Technologies Private Limited (OPC) | ₹1.03 Cr (FY 2025) | 190.0% | Margao, Goa, India | |||
| Opticodes Technologies Private Limited | ₹1.03 Cr (FY 2025) | 36.0% | Kanpur, Uttar Pradesh, India | |||
| Agilon IT Consulting Private Limited | ₹1.03 Cr (FY 2025) | 10.0% | Secunderabad, Telangana, India | |||
| Magnicode Solutions Private Limitedthis company | ₹1.03 Cr (FY 2024) | ₹3.59 Lakh | 3.5% | 17.0% | Thiruvananthapuram, Kerala, India | |
| Rightdata Technologies Private Limited | ₹1.03 Cr (FY 2021) | 31.0% | Hyderabad, Telangana, India | |||
| Creativedigital Brain (OPC) Private Limited | ₹1.03 Cr (FY 2019) | 72.0% | Jogehswari, Mumbai, Maharashtra, India | |||
| Techip Technology Private Limited | ₹1.03 Cr (FY 2024) | 19.0% | New Usmanpur, Delhi, India | |||
| Savitara Infotel Private Limited | ₹1.03 Cr (FY 2024) | 415.0% | Ahmedabad, Gujarat, India | |||
| Sthira IT Solutions Private Limited | ₹1.03 Cr (FY 2025) | 58.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Magnicode Solutions Private Limited, buy the company report.
Auditor
Magnicode Solutions Private Limited is audited by DILEEP & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DILEEP & Co. | FY 2016 | 011282S |
Shareholding
The shareholding of Magnicode Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Magnicode Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2024 | 100930030 | Hdfc Bank Limited | ₹16.12 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magnicode 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 Magnicode Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnicode Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAGCM8309R1ZY | Kerala | Active | 25 Aug 2017 |
To see the full GST registrations and return filing status of Magnicode Solutions Private Limited, buy the company report.
Recent activity
Magnicode Solutions Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Neelakantan Namboodiri Ganapathy Namboodiri ceased to be Director on 01 Mar 2022.
Frequently asked questions
Magnicode Solutions is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in consultancy, within the information technology industry. It was incorporated on 02 November 2010 (16+ years old) and is registered under CIN U72200KL2010PTC026959.
Magnicode Solutions has 2 current directors:
- Sreelal Varanapallil Bhasurangan - Managing Director
- Deepa Asok Kumar - Director
The latest financial statements of Magnicode Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Magnicode Solutions is 32AAGCM8309R1ZY, registered in Kerala.
The CIN (Corporate Identification Number) of Magnicode Solutions is U72200KL2010PTC026959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnicode Solutions was incorporated on 02 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Magnicode Solutions by revenue are Casfer Technologies Private Limited (OPC), Opticodes Technologies Private Limited, Agilon IT Consulting Private Limited, Rightdata Technologies Private Limited, Creativedigital Brain (OPC) Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Neelakantan Namboodiri Ganapathy Namboodiri ceased to be Director on 01 Mar 2022. Sunil Kumar Sukumaran Assari ceased to be Director on 01 Mar 2022. Deepa Asok Kumar was appointed as Director on 02 Nov 2010. Magnicode Solutions has 4 board changes on record in total.
The registered office of Magnicode Solutions is at Module 6 Nila Building Technopark, Thiruvananthapuram, Kerala, India – 695581.
Magnicode Solutions operates in the information technology industry, in the consultancy segment.
Magnicode Solutions has open charges of ₹16.12 Lakh and no satisfied charges on record as per latest MCA filings.
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