Magnifik Design Studio Private Limited
About Magnifik Design Studio Private Limited
Data last updated:
Magnifik Design Studio Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the diversified business activities segment of the business services sector. It was incorporated on 06 January 2020.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC131310.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Hema Budhrani and Mandar Marathe.
Its last annual general meeting (AGM) was held on 29 April 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Unit 2212 Tower 2 Prestige Tranquility Budigere Cross Bommenhalli Village., Bangalore, Karnataka, India – 560049.
As per the financials filed for FY 2024, the company reported a revenue of ₹78,000, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹77,000 (net margin 98.7%) and EBITDA of ₹77,000 (EBITDA margin 98.7%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years.
Company details
Contact details
Magnifik Design Studio Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressUnit 2212 Tower 2 Prestige Tranquility Budigere Cross Bommenhalli Village., Bangalore, Karnataka, India – 560049
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Magnifik Design Studio 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 Magnifik Design Studio is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Magnifik Design Studio Private Limited
FY 2024 filings availableMagnifik Design Studio Private Limited reported revenue of ₹78,000 (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over three years, including a 29% fall in the latest year. EBITDA rose 160% 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 | ₹77,000 | ||||
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| Net Profit (PAT) | ₹77,000 | ||||
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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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| Profitability | |||||
| EBITDA Margin | 98.7% | ||||
| Net Profit Margin | 98.7% | ||||
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To see the full financial statements and ratios of Magnifik Design Studio Private Limited, buy the company report.
Board of directors of Magnifik Design Studio Private Limited
Magnifik Design Studio has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hema Budhrani | Director | 06 Jan 2020 | 6 Years 10 Months | As last reported |
| Mandar Marathe | Director | 06 Jan 2020 | 6 Years 10 Months | As last reported |
Peer comparison
Magnifik Design Studio Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RMGM Biz World Private Limited | ₹78,239 (FY 2025) | 165.0% | Kanpur, Uttar Pradesh, India | |||
| Taxmoda Fashions Private Limited | ₹78,126 (FY 2024) | Delhi, India | ||||
| Swoham Biosciences Private Limited | ₹78,090 (FY 2024) | -43.0% | Kalyan, Maharashtra, India | |||
| Facile International Trading (India) Private Limited | ₹78,056 (FY 2023) | 20.0% | Chennai, Tamil Nadu, India | |||
| Jivanseva Wellness Private Limited | ₹78,003 (FY 2024) | -55.0% | Secunderabad, Telangana, India | |||
| Magnifik Design Studio Private Limitedthis company | ₹78,000 (FY 2024) | ₹77,000 | 98.7% | -29.0% | Bangalore, Karnataka, India | |
| Samrat Agency Private Limited | ₹78,000 (FY 2025) | 225.0% | Kolkata, West Bengal, India | |||
| Greatwish Marketing Private Limited | ₹78,000 (FY 2023) | Shujalpur, Madhya Pradesh, India | ||||
| Ramdas Accessories Trading Private Limited | ₹77,989 (FY 2025) | 10.0% | Lucknow, Uttar Pradesh, India | |||
| Azoobi Lifestyle Products and Services Private Limited | ₹77,952 (FY 2018) | 693423.0% | Gurgaon, Haryana, India | |||
| Nandy Dey Pvt Ltd | ₹77,951 (FY 2024) | 495.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Magnifik Design Studio Private Limited, buy the company report.
Auditor
Magnifik Design Studio Private Limited is audited by C.R. SAGDEO & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C.R. SAGDEO & CO. | FY 2022 | 108959W |
Shareholding
The shareholding of Magnifik Design Studio Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magnifik Design Studio Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magnifik Design Studio 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 Magnifik Design Studio Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Magnifik Design Studio Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magnifik Design Studio Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Hema Budhrani was appointed as Director on 06 Jan 2020.
Frequently asked questions
Magnifik Design Studio has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Magnifik Design Studio was a private limited company based in Bangalore, Karnataka, India. The company worked in miscellaneous business activities, within the business services industry. It was incorporated on 06 January 2020 and is registered under CIN U74999KA2020PTC131310. The company has been struck off by the Registrar of Companies and is no longer operational.
Magnifik Design Studio had 2 directors:
- Hema Budhrani - Director
- Mandar Marathe - Director
The CIN (Corporate Identification Number) of Magnifik Design Studio is U74999KA2020PTC131310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magnifik Design Studio is at Unit 2212 Tower 2 Prestige Tranquility Budigere Cross Bommenhalli Village., Bangalore, Karnataka, India – 560049.
Magnifik Design Studio was incorporated on 06 January 2020. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Magnifik Design Studio on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 April 2024. Year-wise statements from FY 2020 are in the company report.
Magnifik Design Studio operated in the business services industry, in the miscellaneous business activities segment. It worked in this industry before it was struck off.
The peers of Magnifik Design Studio by revenue are RMGM Biz World Private Limited, Taxmoda Fashions Private Limited, Swoham Biosciences Private Limited, Facile International Trading (India) Private Limited, Jivanseva Wellness Private Limited and 5 more, all in the same principal business activity (retail trading).
Hema Budhrani was appointed as Director on 06 Jan 2020. Mandar Marathe was appointed as Director on 06 Jan 2020.
Magnifik Design Studio can be reached at its registered office: Unit 2212 Tower 2 Prestige Tranquility Budigere Cross Bommenhalli Village, Bangalore, Karnataka, India – 560049.
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