About Magnit Global India Private Limited
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Magnit Global India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Magnit, Llc.. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 15 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2012FTC063052. Its GSTIN is 24AAGCP5529A1ZR (Gujarat).
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹20.22 Cr. It was formerly known as Pro Unlimited Global India Private Limited. It is led by directors including Bonnie Jane Rhing and Martin Schultz.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹673.92 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹11.61 Cr (net margin 1.7%) and EBITDA of ₹26.72 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 26% over five years.
The company has about 1,507 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Magnit. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹36.99 Cr; the latest was in September 2022. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 323 overdue payments to 40 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnitglobal.com.
Company details
Contact details
Magnit Global India Private Limited's registered office is in Bangalore, Karnataka. Its website is magnitglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Prestige Technostar Building 2, Doddanakundi Industrial Area 2 Phase 1 Brookfield, Bangalore, Karnataka, India – 560048
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Magnit Global India 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
Brands
Magnit Global India operates one associated brand: Magnit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based vendor management for contingent workforce is provided. | magnitglobal.com |
Business activity
The main business activity of Magnit Global India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Magnit Global India Private Limited, buy the company report.
Financials of Magnit Global India Private Limited
FY 2025 filings availableMagnit Global India Private Limited reported revenue of ₹673.92 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 4% growth in the latest year. EBITDA rose 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹26.72 Cr | ||||
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| Net Profit (PAT) | ₹11.61 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 4% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Magnit Global India Private Limited, buy the company report.
Board of directors of Magnit Global India Private Limited
Magnit Global India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bonnie Jane Rhing | Director | 13 Jul 2023 | 3 Years 3 Months | Current |
| Martin Schultz | Director | 21 Nov 2023 | 2 Years 11 Months | Current |
| Jayesh N Kalvinkar | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Magnit Global India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Magnit Global India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnit Global India Private Limited, buy the company report.
Deals & funding
Magnit Global India Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹36.99 Cr; the latest was in September 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Funding round | ₹23 Cr | Investors: Magnit, Llc. |
| Jun 2018 | Funding round | ₹13.99 Cr | Investors: Magnit, Llc. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Magnit Global India 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
Magnit Global India Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 323 overdue payments to 40 micro and small suppliers. 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 (5 of 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Controture E-Commerce Private Limited | |||
| Acs Global Tech Solutions Private Limited | |||
| Technosoft Global Solutions LLP | |||
| Microgreen Technologies Private Limited | |||
| Canopus-Gbs Private Limited |
To see the full MSME payment records of Magnit Global India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Magnit Global India Private Limited has a workforce of 1,507 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Magnit Global India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCP5529A1ZR | Gujarat | Active | 09 Nov 2022 |
To see the full GST registrations and return filing status of Magnit Global India Private Limited, buy the company report.
Recent activity
Magnit Global India Private Limited has 11 board changes on record since 2015: 3 appointments and 8 cessations. The latest: Jayesh N Kalvinkar ceased to be Additional Director on 29 Sep 2024.
2 earlier events are in the company report.
News
Frequently asked questions
Magnit Global India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 15 March 2012 (14+ years old) and is registered under CIN U93000KA2012FTC063052.
Magnit Global India has 3 current directors:
- Bonnie Jane Rhing - Director
- Martin Schultz - Director
- Jayesh N Kalvinkar - Director
The latest financial statements of Magnit Global India 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 2015 are in the company report.
The GSTIN of Magnit Global India is 24AAGCP5529A1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Magnit Global India is U93000KA2012FTC063052. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnit Global India was incorporated on 15 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Magnit Global India has 2 deals on record (2 funding rounds), with disclosed funding of ₹36.99 Cr; the latest was in September 2022.
Jayesh N Kalvinkar ceased to be Additional Director on 29 Sep 2024. Martin Schultz ceased to be Additional Director on 29 Sep 2024. Jayesh N Kalvinkar was appointed as Director on 18 Mar 2024. Magnit Global India has 11 board changes on record in total.
Magnit Global India has 11 MSME Form 1 returns on record between 2019 and 2024, listing 323 overdue payments to 40 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Magnit Global India can be reached through the website magnitglobal.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Magnit Global India is at 4th Floor Prestige Technostar Building 2, Doddanakundi Industrial Area 2 Phase 1 Brookfield, Bangalore, Karnataka, India – 560048.