Magnipower Technology LLP
About Magnipower Technology LLP
Data last updated:
Magnipower Technology LLP was a limited liability partnership (LLP) based in Chennai, Tamil Nadu, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 07 June 2021.
The LLP was registered with the Registrar of Companies (ROC), Chennai, under LLPIN AAX-2955. Its GSTIN is 33ABRFM0512D1ZP (Tamil Nadu).
The LLP had a total obligation of contribution of ₹12.09 Lakh. It was led by designated partners including Rajaraman Sundaresan and Brindha Ramanathan.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office was at No 20 Kamakshiamman Nagar Extension 2 Mangadu, Chennai, Tamil Nadu, India – 600122.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹35.1 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.48 Cr (net margin 9.9%) and EBITDA of ₹5.92 Cr (EBITDA margin 16.9%).
The LLP is associated with 1 brand: mPower Lithium.
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- Registered AddressNo 20 Kamakshiamman Nagar Extension 2 Mangadu, Chennai, Tamil Nadu, India – 600122
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
Associated Brands with Magnipower Technology LLP
Magnipower Technology operates one associated brand: mPower Lithium. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-performance lithium-ion batteries for drones in agriculture and surveillance sectors. | mpowerlithium.com |
Competitors & Alternatives of Magnipower Technology LLP
Brands and companies operating in the same space as Magnipower Technology LLP include SunPower, 24m Technologies, Enovix and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 SunPower | Silicon-based solar PV modules are manufactured for diverse applications. | San Jose, United States | 1985 |
 24m Technologies | Semi-solid lithium-ion batteries are developed to address manufacturing issues. | Cambridge, United States | 2010 |
 Enovix | Lithium-ion battery cells are developed with 3D silicon anode technology. | Fremont, United States | 2006 |
 Farasis Energy | Farasis Energy is engaged in sustainable energy solutions development. | Nanchang, China | 2002 |
 Solid Power | Solid-state lithium-ion batteries are developed with solid electrolyte layers. | Louisville, United States | 2011 |
 Sunwoda Electronic | Manufacturer of lithium battery modules | Shenzhen, China | 1997 |
 Amprius Technologies | Silicon nanowire-based Li-Ion batteries are developed for high energy density. | Fremont, United States | 2009 |
 Electrovaya | Lithium-ion batteries and management systems are manufactured for key industries. | Mississauga, Canada | 1997 |
 Britishvolt | Lithium-ion batteries for electric vehicles are manufactured by Britishvolt. | London, United Kingdom | 2019 |
Designated Partners of Magnipower Technology LLP
Magnipower Technology has 10 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajaraman Sundaresan Also directs: Milespeak Technologies Private Limited | Partner | 15 Dec 2021 | 4 Years 9 Months | As last reported |
| Brindha Ramanathan | Designated Partner | 07 Jun 2021 | 5 Years 3 Months | As last reported |
| Madheswaran Sriganesh | Designated Partner | 07 Jun 2021 | 5 Years 3 Months | As last reported |
| Subbramani Karuppaswamy Also directs: Eywaa Ventures LLP, Eywaa Ventures Aerospace Private Limited | Partner | 03 Jan 2024 | 2 Years 9 Months | As last reported |
| Shri Kannan Harish Also directs: Milespeak Technologies Private Limited | Partner | 15 Dec 2021 | 4 Years 9 Months | As last reported |
| Adwait Hebbar Also directs: Samhita Development Network | Partner | 03 Jan 2024 | 2 Years 9 Months | As last reported |
Financials of Magnipower Technology LLP FY 2024 filings available
Magnipower Technology LLP reported revenue of ₹35.1 Cr (up 591% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Magnipower Technology LLP
Revenue rose 591% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Magnipower Technology LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Income and Expenditure | |||
| Turnover | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• |
| Profit After Tax | ₹3.48 Cr | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• |
| Assets and Liabilities | |||
| Partners' Contribution | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Magnipower Technology LLP
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| Net Profit Margin | 9.9% | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Magnipower Technology are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magnipower Technology LLP
Magnipower Technology LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magnipower Technology LLP
Employment history and EPFO contributions of people linked to Magnipower Technology.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Magnipower Technology LLP
Magnipower Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33ABRFM0512D1ZP | Tamil Nadu | Active | 17 Aug 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- 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 Magnipower Technology LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Magnipower Technology LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 Magnipower Technology LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- 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 Magnipower Technology LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Magnipower Technology LLP
Frequently Asked Questions about Magnipower Technology LLP
Magnipower Technology has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.
Magnipower Technology was a limited liability partnership based in Chennai, Tamil Nadu, India. The LLP worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 07 June 2021 and is registered under LLPIN AAX-2955. For the latest details, refer to the successor company.
The LLPIN (Limited Liability Partnership Identification Number) of Magnipower Technology is AAX-2955. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Magnipower Technology had 10 designated partners:
- Rajaraman Sundaresan - Partner
- Brindha Ramanathan - Designated Partner
- Madheswaran Sriganesh - Designated Partner
- Subbramani Karuppaswamy - Partner
- Shri Kannan Harish - Partner
- Adwait Hebbar - Partner
- Ganesh Kannan - Partner
- Satyhyanarayanan - Partner
- Narayanan Ramanathan - Partner
- Balasundaram Saravanan - Partner
Magnipower Technology was incorporated on 07 June 2021. It is registered with the Registrar of Companies, Chennai.
The registered office of Magnipower Technology is at No 20 Kamakshiamman Nagar Extension 2 Mangadu, Chennai, Tamil Nadu, India – 600122.
Magnipower Technology reported revenue of ₹35.1 Cr for FY 2024 (up 591% YoY).
The total obligation of contribution is ₹12.09 Lakh.
Magnipower Technology reported a net profit of ₹3.48 Cr (net margin 9.9%) and EBITDA of ₹5.92 Cr (EBITDA margin 16.9%) for FY 2024, as per its filed financial statements.