About Magnify Industries Private Limited
Data last updated: 23 February 2026
Magnify Industries Private Limited is a private limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 05 September 2018, the company has been in operation for over 8 years.
Registered with ROC Ahmedabad under CIN U31909GJ2018PTC103897.
Capital: an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Shalin Darshakbhai Mehta and Darshak Madhukant Mehta.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Vadodara, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.97 Cr, a growth of 10% compared to the previous year.
The company has a workforce of approximately 37 employees as per the latest available data.
The company is associated with 1 brand - Magnify Industries. As per MCA filings, the company has open charges of ₹2.68 Cr and satisfied charges of ₹2.61 Cr on record.
For more details, the company can be reached via its website magnify.co.in.
-
EmailLocked
-
TelephoneLocked
-
Website
-
Social MediaLocked
-
Registered Address906 Vihav Supremus Opp. Shell Petroleum Near Iscon Heights, Gotri, Vadodara, Gujarat, India – 390021
-
IndustryEnergy and Power, Power Equipment Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Magnify Industries Private Limited
Magnify Industries Private Limited operates one associated brand: Magnify Industries. These brands represent Magnify Industries Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of wiring harnesses and control boxes for refrigeration industries. | magnify.co.in |
Business Activity of Magnify Industries Private Limited
Magnify Industries Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details for Magnify Industries Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Magnify Industries Private Limited
Magnify Industries Private Limited is audited by PARIKH SHAH CHOTALIA & ASSOCIATES for the financial year 2020. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARIKH SHAH CHOTALIA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Magnify Industries Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magnify Industries Private Limited
Magnify Industries Private Limited is governed by 2 directors who oversee the company's operations and strategic decisions.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Shalin Darshakbhai Mehta
Also directs:
Magserv Corps Llp
|
Director | 05 Sep 2018 | 7 Years 10 Months | Current |
| Darshak Madhukant Mehta | Director | 05 Sep 2018 | 7 Years 10 Months | Current |
Financials of Magnify Industries Private Limited FY 2025 filings available
Magnify Industries Private Limited reported revenue of ₹14.97 Cr (up 10.00% YoY) for FY 2024.
Ten-year financial statements for Magnify Industries Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Magnify Industries Private Limited
Shareholding and ownership data for Magnify Industries Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magnify Industries Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jul 2024 | Hdfc Bank Limited | ₹20.01 Lakh | Open |
| 10 Apr 2023 | Hdfc Bank Limited | ₹15 Lakh | Open |
| 02 Nov 2021 | Hdfc Bank Limited | ₹2.13 Cr | Open |
| 23 Oct 2021 | Others | ₹20 Lakh | Open |
| 24 Jan 2019 | Axis Bank Limited | ₹1.03 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Magnify Industries Private Limited
Magnify Industries Private Limited has a workforce of 37 employees as of Apr 09, 2024.
Employee and EPFO history for Magnify Industries Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Magnify Industries Private Limited
GST registrations and filing compliance for Magnify Industries Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Magnify Industries Private Limited
Credit ratings, litigation, and regulatory alerts for Magnify Industries Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magnify Industries Private Limited
MSME payment history for Magnify Industries Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magnify Industries Private Limited
Corporate group structure for Magnify Industries Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magnify Industries Private Limited
MCA filings and documents for Magnify Industries Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Magnify Industries Private Limited
Frequently Asked Questions about Magnify Industries Private Limited
Magnify Industries Private Limited is an active private limited company in the energy and power sector based in Vadodara, Gujarat, India. It was incorporated on 05 September 2018 (8+ years old) and is registered under CIN U31909GJ2018PTC103897. The company has 37 employees.
Magnify Industries Private Limited reported revenue of ₹14.97 Cr for FY 2024 (up 10.00% YoY).
The current directors of Magnify Industries Private Limited are:
- Shalin Darshakbhai Mehta - Director
- Darshak Madhukant Mehta - Director
The primary industry of Magnify Industries Private Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.
Yes, Magnify Industries Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Magnify Industries Private Limited can be reached at the registered office: 906 Vihav Supremus Opp. Shell Petroleum Near Iscon Heights, Gotri, Vadodara, Gujarat, India – 390021, or through the website magnify.co.in.