About Magnum Finmart Private Limited
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Magnum Finmart Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Magnum Equity Broking Limited. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 08 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PTC099361. Its GSTIN is 27AAACD3786D2ZP (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Magnum Wealth Management Private Limited. It is led by directors including Jiten Chheda Jadavji and Sanjay Bhavanji Vora.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D 30 Empire Mahal Khodadadcircle 806 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, India – 400014.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.69 Lakh, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹38.08 Lakh (net margin 60.7%) and EBITDA of ₹48.4 Lakh (EBITDA margin 77.2%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 9% over five years.
As per MCA filings, the company has satisfied charges of ₹7.25 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2016.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magnum.co.in.
Company details
Contact details
Magnum Finmart Private Limited's registered office is in Mumbai, Maharashtra. Its website is magnum.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD 30 Empire Mahal Khodadadcircle 806 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, India – 400014
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Magnum Finmart 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
Business activity
The main business activity of Magnum Finmart is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Magnum Finmart Private Limited, buy the company report.
Financials of Magnum Finmart Private Limited
FY 2025 filings availableMagnum Finmart Private Limited reported revenue of ₹62.69 Lakh (up 56% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 56% growth in the latest year. EBITDA rose 89% 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 | ₹48.4 Lakh | ||||
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| Net Profit (PAT) | ₹38.08 Lakh | ||||
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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 | 77.2% | ||||
| Net Profit Margin | 60.7% | ||||
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To see the full financial statements and ratios of Magnum Finmart Private Limited, buy the company report.
Board of directors of Magnum Finmart Private Limited
Magnum Finmart has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jiten Chheda Jadavji Also directs: Magnum Broking LLP, Total Sporting & Fitness Solutions Private Limited, Magnum Fincom Broking Private Limited and 3 more | Director | 08 May 1996 | 30 Years 6 Months | Current |
| Sanjay Bhavanji Vora | Director | 08 May 1996 | 30 Years 6 Months | Current |
| Dhiraj Lakhamshi Shah Also directs: Magnum Broking LLP, Magnum Fincom Broking Private Limited, Magnum Equity Broking Limited and 5 more | Director | 08 May 1996 | 30 Years 6 Months | Current |
| Ramesh Dungarshi Dedhia | Director | 08 May 1996 | 30 Years 6 Months | Current |
Auditor
Magnum Finmart Private Limited is audited by KIRAN KHIMSHIYA AND CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRAN KHIMSHIYA AND CO | FY 2022 | 105183W |
Shareholding
The shareholding of Magnum Finmart Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnum Finmart Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2008 | 10144721 | Kotak Mahindra Bank Limited | ₹7.25 Cr | Satisfied |
To see the full charge records of Magnum Finmart Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Magnum Finmart Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2016.
To see the full deal history of Magnum Finmart Private Limited, buy the company report.
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 Magnum Finmart 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
No delayed payments to MSME suppliers are on our record for Magnum Finmart Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnum Finmart has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD3786D2ZP | Maharashtra | Active | 28 Feb 2022 |
To see the full GST registrations and return filing status of Magnum Finmart Private Limited, buy the company report.
Recent activity
Magnum Finmart Private Limited has 4 board changes on record since 1996: 4 appointments. The latest: Dhiraj Lakhamshi Shah was appointed as Director on 08 May 1996.
Frequently asked questions
Magnum Finmart is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 08 May 1996 (30+ years old) and is registered under CIN U67120MH1996PTC099361.
Magnum Finmart has 4 current directors:
- Jiten Chheda Jadavji - Director
- Sanjay Bhavanji Vora - Director
- Dhiraj Lakhamshi Shah - Director
- Ramesh Dungarshi Dedhia - Director
The latest financial statements of Magnum Finmart on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Magnum Finmart is 27AAACD3786D2ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnum Finmart is U67120MH1996PTC099361. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnum Finmart was incorporated on 08 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Magnum Finmart has 1 deal on record (1 secondary share transfer); the latest was in September 2016.
Dhiraj Lakhamshi Shah was appointed as Director on 08 May 1996. Jiten Chheda Jadavji was appointed as Director on 08 May 1996. Ramesh Dungarshi Dedhia was appointed as Director on 08 May 1996. Magnum Finmart has 4 board changes on record in total.
Magnum Finmart can be reached through the website magnum.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Magnum Finmart is at D 30 Empire Mahal Khodadadcircle 806 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, India – 400014.
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