Magnum Foundations Private Limited
About Magnum Foundations Private Limited
Data last updated:
Magnum Foundations Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Sakthi Properties Coimbatore Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 February 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN1998PTC039924.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Vel Properties Private Limited. It is led by directors Balasubramaniam Mahalingam and N V Ravi.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rajarajeswari Towers No.29 & 30 Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2022, the company reported a revenue of ₹14.52 Lakh. For the same year it recorded a net loss of ₹91,414 (net margin -6.3%). Revenue has grown at a compounded annual rate (CAGR) of 112% over five years.
As per MCA filings, the company has satisfied charges of ₹50 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 2 cases are pending. The company has 7 deals on record (5 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹99 Lakh; the latest was in February 2021.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magnum Foundations Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRajarajeswari Towers No.29 & 30 Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Magnum Foundations 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 Foundations is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Magnum Foundations Private Limited, buy the company report.
Financials of Magnum Foundations Private Limited
FY 2024 filings availableMagnum Foundations Private Limited reported revenue of ₹14.52 Lakh for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 112% over five years. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Revenue | ₹14.52 Lakh | ||||
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| Net Profit (PAT) | -₹91,414 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | -6.3% | ||||
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To see the full financial statements and ratios of Magnum Foundations Private Limited, buy the company report.
Board of directors of Magnum Foundations Private Limited
Magnum Foundations has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramaniam Mahalingam Also directs: Sakthifinance Financial Services Limited, Sakthi Sugars Limited, Sakthi Finance Limited and 5 more | Director | 04 Feb 2021 | 5 Years 8 Months | Current |
| N V Ravi Also directs: Abt Foods Agrovet Limited, R R Constructionsf and Housing Private Limited, Sakthi Auto Motors Limited and 2 more | Director | 19 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Magnum Foundations Private Limited is audited by B.MURALIDHARAN for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.MURALIDHARAN | FY 2022 | 203288 |
Shareholding
The shareholding of Magnum Foundations 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 Foundations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2021 | 100447185 | Idbi Trusteeship Services Limited | ₹50 Cr | Satisfied |
To see the full charge records of Magnum Foundations Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Magnum Foundations Private Limited has 7 deals on record (5 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹99 Lakh; the latest was in February 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Sakthi Properties Coimbatore Limited , an individual Seller: Sas Hotels & Enterprises Limited , Appaswamy Real Estates Limited , HDFC Property Ventures Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Sas Hotels & Enterprises Limited Seller: Sas Hotel & Enterprises Limited & Sas Realtors Private Limited & Ravi Appasamy |
| Mar 2007 | Funding round | ₹99 Lakh | Investors: Hdfc Ventures Trustee Company Limited, Prime Residences Llp, Appaswamy Real Estates Limited , an individual |
| Feb 2007 | Acquisition | Undisclosed | Buyer: Appaswamy Real Estates Limited Seller: Sas Realtors Private Limited |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: Sas Realtors Private Limited , an individual Seller: 2 individuals |
To see the full deal history of Magnum Foundations 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
Magnum Foundations Private Limited has 12 court cases on record: 5 filed by Magnum Foundations, 7 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 7 | 2 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Revision petition | Filed by the company against individuals | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Magnum Foundations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magnum Foundations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Magnum Foundations Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magnum Foundations Private Limited has 8 board changes on record since 2020: 2 appointments and 6 cessations. The latest: Balasubramaniam Mahalingam ceased to be Additional Director on 29 Nov 2021.
1 earlier event is in the company report.
Frequently asked questions
Magnum Foundations is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 February 1998 (28+ years old) and is registered under CIN U45201TN1998PTC039924.
Magnum Foundations has 2 current directors:
- Balasubramaniam Mahalingam - Director
- N V Ravi - Director
The latest financial statements of Magnum Foundations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Magnum Foundations is U45201TN1998PTC039924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnum Foundations has 12 court cases on record: 5 filed by the company and 7 filed against it. 2 are pending.
Magnum Foundations was incorporated on 18 February 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chennai.
Magnum Foundations has 7 deals on record (5 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹99 Lakh; the latest was in February 2021.
Balasubramaniam Mahalingam ceased to be Additional Director on 29 Nov 2021. N V Ravi ceased to be Additional Director on 29 Nov 2021. Naresh Manohar Nadkarni ceased to be Director on 26 Feb 2021. Magnum Foundations has 8 board changes on record in total.
The registered office of Magnum Foundations is at Rajarajeswari Towers No.29 & 30 Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
Magnum Foundations operates in the real estate and construction industry, in the real estate builders and developers segment.