Magnify Technologies Private Limited
About Magnify Technologies Private Limited
Data last updated:
Magnify Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mirae Asset Credit Opportunities Fund. It operates in the computer hardware manufacturing and retail segment of the technology and IT services sector. It was incorporated on 03 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2021PTC359814. Its GSTIN is 27AAOCM5634K1ZX (Maharashtra).
The company has an authorised share capital of ₹70.6 Cr and a paid-up capital of ₹70.53 Cr. It is led by directors Swarup Anand Mohanty and Vaibhav Bharat Shah.
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 Unit No. 606 6th Floor Windsor Bldg Cst Rd Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.44 Cr. For the same year it recorded a net loss of ₹5.91 Cr (net margin -409%) and EBITDA of -₹82.72 Lakh (EBITDA margin -57.3%).
As per MCA filings, the company has open charges of ₹64 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Magnify Technologies has one previous CIN (Corporate Identification Number): U72900MH2021PTC359814. The current CIN is U70100MH2021PTC359814, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2021PTC359814 | Current |
| U72900MH2021PTC359814 | Previous |
Contact details
Magnify Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No. 606 6th Floor Windsor Bldg Cst Rd Kalina Santacruz East, Mumbai, Maharashtra, India – 400098
- IndustryInformation Technology, Computer Hardware Manufacturing & Retail, IT Consulting & Support Services
To see the full contact details of Magnify Technologies 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
Financials of Magnify Technologies Private Limited
FY 2025 filings availableMagnify Technologies Private Limited reported revenue of ₹1.44 Cr for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1.44 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹82.72 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.91 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
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -57.3% | |
| Net Profit Margin | -409% | |
| 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 | ||
To see the full financial statements and ratios of Magnify Technologies Private Limited, buy the company report.
Board of directors of Magnify Technologies Private Limited
Magnify Technologies has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swarup Anand Mohanty | Additional Director | 19 Nov 2025 | 0 Years 11 Months | Current |
| Vaibhav Bharat Shah | Additional Director | 19 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Magnify Technologies Private Limited is audited by Chokshi & Chokshi LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chokshi & Chokshi LLP | FY 2023 | 101872W/W100045 |
Shareholding
The shareholding of Magnify Technologies Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Magnify Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2023 | 100670265 | Others | ₹64 Cr | Open |
To see the full charge records of Magnify Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Magnify Technologies 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
Magnify Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Magnify Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Magnify Technologies Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Magnify Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCM5634K1ZX | Maharashtra | Active | 08 Jan 2023 |
To see the full GST registrations and return filing status of Magnify Technologies Private Limited, buy the company report.
Recent activity
Magnify Technologies Private Limited has 10 board changes on record since 2022: 2 appointments and 8 cessations. The latest: Sung Ho Ahn ceased to be Director on 25 Nov 2025.
3 earlier events are in the company report.
Frequently asked questions
Magnify Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in computer hardware manufacturing and retail, within the information technology industry. It was incorporated on 03 May 2021 (5+ years old) and is registered under CIN U70100MH2021PTC359814.
Magnify Technologies has 2 current directors:
- Swarup Anand Mohanty - Additional Director
- Vaibhav Bharat Shah - Additional Director
The latest financial statements of Magnify Technologies 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 FY 2022 are in the company report.
The GSTIN of Magnify Technologies is 27AAOCM5634K1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magnify Technologies is U70100MH2021PTC359814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnify Technologies was incorporated on 03 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Sung Ho Ahn ceased to be Director on 25 Nov 2025. Swarup Anand Mohanty was appointed as Additional Director on 19 Nov 2025. Vaibhav Bharat Shah was appointed as Additional Director on 19 Nov 2025. Magnify Technologies has 10 board changes on record in total.
Magnify Technologies has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 15 May 2024.
The registered office of Magnify Technologies is at Unit No. 606 6th Floor Windsor Bldg Cst Rd Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
Magnify Technologies operates in the information technology industry, in the computer hardware manufacturing and retail segment.
Magnify Technologies has open charges of ₹64 Cr and no satisfied charges on record as per latest MCA filings.