Magnum Finmart Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1996.
1996 Mumbai, Maharashtra, India Active
Last Updated:
Access Report
About Magnum Finmart Private Limited

Magnum Finmart Private Limited, a active private limited company, was established on 08 May 1996 in Mumbai, Maharashtra, India. Engaging in financial product distributors within the financial and insurance service sector, it holds CIN: U67120MH1996PTC099361. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 M and a paid-up capital of ₹5.00 M.

Formerly known as Magnum Wealth Management Private Limited. It upholds a compliant status. Its leadership includes Jiten Chheda Jadavji (Director), Sanjay Bhavanji Vora (Director), Dhiraj Lakhamshi Shah (Director). It holds no open charges and ₹7.25 Cr settled loans. Its latest AGM occurred on 21 September 2024, with the balance sheet filed on 31 March 2024. It is based at D 30 Empire Mahal Khodadadcircle 806 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, 400014.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U67120MH1996PTC099361

  • Registration Number

    099361

  • Incorporation Date

    08 May 1996

  • Authorized Capital

    ₹5.00 M

  • Paid-Up Capital

    ₹5.00 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 29 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 7.25 Cr
  • Revenue Growth **** -6.73%
  • Profit Growth **** -1019.89%
  • Ebitda **** -2932.59%
  • Net Worth -43.74%
  • Total Assets -45.70%
Company report

Magnum Finmart Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Magnum Finmart Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Magnum Finmart Private Limited?
Current Directors
Name Designation Appointment Date Status
Jiten Chheda Jadavji Director 08 May 1996 Current
Sanjay Bhavanji Vora Director 08 May 1996 Current
Dhiraj Lakhamshi Shah Director 08 May 1996 Current
Ramesh Dungarshi Dedhia Director 08 May 1996 Current

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Magnum Finmart.

Magnum Finmart Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 6.73% decrease. The company also saw a substantial fall in profitability, with a 1019.89% decrease in profit. The company's net worth observed a substantial decline by a decrease of 43.74%.

Magnum Finmart revenue growth over time
Magnum Finmart profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -6.73%
*******
*******
*******
*******
Revenue from Operations
*******
 66.47%
*******
*******
*******
*******
Total Assets
*******
 -45.70%
*******
*******
*******
*******
Profit or Loss
*******
 -1019.89%
*******
*******
*******
*******
Net Worth
*******
 -43.74%
*******
*******
*******
*******
EBITDA
*******
 -2932.59%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Magnum Finmart?

In 2022, Magnum Finmart had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹72,500,000.00

Charges Breakdown by Lending Institutions
  • Kotak Mahindra Bank Limited : 7.25 Cr
Latest Charge Details
Date Lender Amount Status
23 Jun 2008 Kotak Mahindra Bank Limited ₹7.25 Cr Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at Magnum Finmart?

Unlock and access historical data on people associated with Magnum Finmart, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnum Finmart, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magnum Finmart's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Magnum Finmart
Recent Activity within the Organization
  • Annual General Meeting

    The activity Magnum Finmart Private Limited last Annual general meeting of members was held on 21 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    Magnum Finmart Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Charges

    The activity A charge registered on 23 Jun 2008 via Charge ID 10144721 with Kotak Mahindra Bank Limited was fully satisfied on 21 Mar 2014. was completed.

  • Charges

    The activity A charge with Kotak Mahindra Bank Limited of Rs. 72.50 M registered on 23 Jun 2008 with Charge ID 10144721 was modified on 06 Jul 2009. was completed.

  • Charges

    A charge with Kotak Mahindra Bank Limited amounted to Rs. 72.50 M with Charge ID 10144721 was registered on 23 Jun 2008. was recorded as a recent event.

  • Director Appointment

    Jiten Chheda Jadavji was appointed as a Director was appointed as a Director on 08 May 1996 & has been associated with this company since 29 years 9 months . was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Magnum Finmart Private Limited?

The CIN of Magnum Finmart Private Limited is U67120MH1996PTC099361.

Where is Magnum Finmart Private Limited headquartered?

Magnum Finmart Private Limited is headquartered at D 30 Empire Mahal Khodadadcircle 806 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, 400014.

When was Magnum Finmart Private Limited incorporated?

Magnum Finmart Private Limited was incorporated on 08 May 1996.

Who are the current directors of Magnum Finmart Private Limited?

The current directors of Magnum Finmart Private Limited are

What is the primary industry of Magnum Finmart Private Limited?

The primary industry of Magnum Finmart Private Limited is Financial And Insurance Service.

Is Magnum Finmart Private Limited a listed company?

Magnum Finmart Private Limited is unlisted.

What is the capital structure of Magnum Finmart Private Limited?

The authorized capital of Magnum Finmart Private Limited is ₹5.00 M, and the paid-up capital is ₹5.00 M.

What is the compliance status of Magnum Finmart Private Limited?

The compliance status of Magnum Finmart Private Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available