MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-11-0002249
Mago Thermal Limited - machinery and equipment in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹89.69 Cr
▲ 76% YoY
Net profit · FY 2023
₹93.36 Lakh
Net margin 1%
EBITDA · FY 2023
₹3.18 Cr
EBITDA margin 3.6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.62 Cr
Issued & subscribed
Open charges
₹10.03 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
68
Provident fund records
About Mago Thermal Limited
Data last updated:
Mago Thermal Limited is a public limited company based in New Delhi, Delhi, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 12 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900DL2016PLC290987. Its GSTIN is 07AAKCM1678H1Z6 (Delhi). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.62 Cr. It is led by directors including Naveen Goswami (Managing Director) and Anila Goswami.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 901 – 905 Ninth Floor West End Mall District Centre, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2023, the company reported a revenue of ₹89.69 Cr, a growth of 76% compared to the previous year. For the same year it recorded a net profit of ₹93.36 Lakh (net margin 1%) and EBITDA of ₹3.18 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 73% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.03 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending.
Mago Thermal Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-11-0002249). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magothermal.com.
Company details
CIN U74900DL2016PLC290987
Registration Number 290987
Incorporation Date 12 February 2016
ROC Delhi
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-11-0002249
CIN history
Mago Thermal has one previous CIN (Corporate Identification Number): U74900DL2016PTC290987. The current CIN is U74900DL2016PLC290987, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900DL2016PLC290987 | Current |
| U74900DL2016PTC290987 | Previous |
Key People
Naveen Goswami Managing Director Anila Goswami Additional Director Rajesh Mahajan Additional Director Recognitions & Rankings of Mago Thermal
Contact details
Mago Thermal Limited's registered office is in New Delhi, Delhi. Its website is magothermal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address901 – 905 Ninth Floor West End Mall District Centre, New Delhi, Delhi, India – 110058
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Mago Thermal Limited, buy the company report.
Comprehensive company report
Mago Thermal Limited - one report that includes everything
- 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
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Business activity
The main business activity of Mago Thermal is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Mago Thermal Limited, buy the company report.
Financials of Mago Thermal Limited
FY 2023 filings availableMago Thermal Limited reported revenue of ₹89.69 Cr (up 76% YoY) for FY 2023.
Revenue · FY 2023
₹89.69 Cr ▲ 76%
Net profit · FY 2023
₹93.36 Lakh margin 1%
EBITDA · FY 2023
₹3.18 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 76%
3 years · compounded
▲ 29%
5 years · compounded
▲ 73%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 21%
5 years · compounded
▲ 91%
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years, including 76% growth in the latest year. EBITDA rose 1% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹93.36 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mago Thermal Limited, buy the company report.
Board of directors of Mago Thermal Limited
Mago Thermal has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Goswami | Managing Director | 12 Feb 2016 | 10 Years 9 Months | Current |
| Anila Goswami | Additional Director | 05 Aug 2024 | 2 Years 3 Months | Current |
| Rajesh Mahajan | Additional Director | 20 Nov 2020 | 5 Years 11 Months | Current |
Peer comparison
Mago Thermal Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (EPC, BoP and BTG, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Schunk Carbon Technology India Private Limited | ₹90.33 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Swegon Blue Box Private Limited | ₹90.13 Cr (FY 2025) | -12.0% | Khoni Taloja Road Ambarnath, Maharashtra, India | |||
| Mago Thermal Limitedthis company | ₹89.69 Cr (FY 2023) | ₹93.36 Lakh | 1% | 76.0% | New Delhi, Delhi, India | |
| Isotex Corporation Private Limited | ₹89.3 Cr (FY 2025) | -5.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Mago Thermal Limited, buy the company report.
Auditor
Mago Thermal Limited is audited by N SHARMA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N SHARMA & CO | FY 2021 | 0007780N |
Shareholding
The shareholding of Mago Thermal 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 Mago Thermal Limited, buy the company report.
Charges & borrowings
Open charges
₹10.03 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2021 | 100443063 | Hdfc Bank Limited | ₹76.92 Lakh | Open | |
| 14 Oct 2019 | 100298913 | State Bank of India | ₹9.26 Cr | Open |
To see the full charge records of Mago Thermal Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Mago Thermal Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Total cases
5
Filed against the company
5
Pending
3
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Commercial suit | Filed against the company by Eminence Engineering Services Pvt Ltd | Pending |
| District court, West, Delhi | Cheque dishonour complaint | Filed against the company by Rhino Energy Resources Private Limited | Pending |
| District court, Palwal, Haryana | Cheque dishonour complaint | Filed against the company by M/S Luxmi Trading Company | Pending |
| District court, North, Delhi | Criminal case | Filed against the company by State Bank of India | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed against the company by an individual | Disposed |
To see the full case history of Mago Thermal 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 Mago Thermal Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mago Thermal has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAKCM1678H1Z6 | Delhi | Active | 01 Jul 2017 |
| 06AAKCM1678H1Z8 | Haryana | Active | 12 Jun 2018 |
| 09AAKCM1678H1Z2 | Uttar Pradesh | Active | 29 Nov 2018 |
| 02AAKCM1678H1ZG | Himachal Pradesh | Active | 26 Mar 2019 |
To see the full GST registrations and return filing status of Mago Thermal Limited, buy the company report.
Recent activity
Mago Thermal Limited has 19 board changes on record since 2016: 11 appointments and 8 cessations. The latest: Pankaj Sharma ceased to be Director on 14 Oct 2025.
Ceased
Pankaj Sharma ceased to be Director.
Ceased
Kamal Singla ceased to be Director.
Ceased
Bhawna Bhola ceased to be CFO.
Ceased
Nitish ceased to be Additional Director.
Ceased
Rahul Malhotra ceased to be Additional Director.
Ceased
Yogesh Kumar ceased to be Additional Director.
Appointed
Anila Goswami was appointed as Additional Director.
Appointed
Yogesh Kumar was appointed as Additional Director.
Appointed
Bhawna Bhola was appointed as CFO.
Appointed
Rahul Malhotra was appointed as Additional Director.
Appointed
Kamal Singla was appointed as Director.
Appointed
Pankaj Sharma was appointed as Director.
13 earlier events are in the company report.
Frequently asked questions
Mago Thermal is an active public limited company based in New Delhi, Delhi, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 12 February 2016 (10+ years old) and is registered under CIN U74900DL2016PLC290987.
Mago Thermal has 3 current directors:
- Naveen Goswami - Managing Director
- Anila Goswami - Additional Director
- Rajesh Mahajan - Additional Director
The latest financial statements of Mago Thermal on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Mago Thermal is 07AAKCM1678H1Z6, registered in Delhi. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 06AAKCM1678H1Z8 (Haryana), 09AAKCM1678H1Z2 (Uttar Pradesh), 02AAKCM1678H1ZG (Himachal Pradesh).
The CIN (Corporate Identification Number) of Mago Thermal is U74900DL2016PLC290987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mago Thermal has 5 court cases on record: 5 filed against it. 3 are pending.
Mago Thermal was incorporated on 12 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Mago Thermal by revenue are Schunk Carbon Technology India Private Limited, Swegon Blue Box Private Limited, Isotex Corporation Private Limited, all in the Machinery and Equipment industry (EPC, BoP and BTG, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Pankaj Sharma ceased to be Director on 14 Oct 2025. Kamal Singla ceased to be Director on 03 Mar 2025. Bhawna Bhola ceased to be CFO on 06 Jan 2025. Mago Thermal has 19 board changes on record in total.
Yes, Mago Thermal is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-11-0002249).
Mago Thermal can be reached through the website magothermal.com. Its registered office is in New Delhi, Delhi, India.
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