Mags Retails Private Limited - Company Profile

It is a home appliances private limited company based in Vijayawada, Andhra Pradesh, India, established in 2007.
2007 Vijayawada, Andhra Pradesh, India Struck Off
Last Updated:
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About Mags Retails Private Limited

Mags Retails Private Limited, a struck off private limited company, was established on 17 September 2007 in Vijayawada, Andhra Pradesh, India. Engaging in wholesale within the home appliances sector, it holds CIN: U51310AP2007PTC055553. Registered under ROC Roc Vijayawada. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹0.10 M.

Its leadership includes Harikrishan Achhapeliya (Director), Dinesh Manoharlal Atchepelia (Director), Gummadi Suresh (Director). It holds no open charges and ₹1.50 Cr settled loans. Its latest AGM occurred on 28 September 2013, with the balance sheet filed on 31 March 2013. It is based at 40-1-44, M.S.R. Plaza, Near D.V.Manaor, M.G.Road, Vijayawada, Andhra Pradesh, 520010.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U51310AP2007PTC055553

  • Registration Number

    055553

  • Incorporation Date

    17 September 2007

  • Authorized Capital

    ₹2.00 Cr

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Vijayawada

  • Listing Status

    Unlisted

  • Company Status

    Struck Off

Key Metrics
  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 0.10 M
  • Company Age 18 Year, 5 Months
  • Last Filing with ROC 31 Mar 2013
  • Satisfied Charges ₹ 1.50 Cr
Company report

Mags Retails Private Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at Mags Retails Private Limited?
Current Directors
Name Designation Appointment Date Status
Harikrishan Achhapeliya Director 17 Sep 2007 Current
Dinesh Manoharlal Atchepelia Director 17 Sep 2007 Current
Gummadi Suresh Director 25 Sep 2007 Current

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Financial Performance of Mags Retails.

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Mags Retails revenue growth over time
Mags Retails 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
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What is the Ownership and Shareholding Structure of Mags Retails?

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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

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹15,000,000.00

Charges Breakdown by Lending Institutions
  • Union Bank Of India : 1.50 Cr
Latest Charge Details
Date Lender Amount Status
23 Jan 2008 Union Bank Of India ₹1.50 Cr Satisfied

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How Many Employees Work at Mags Retails?

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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

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Rating
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Alerts
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Latest Updates, News, and FAQs on Mags Retails
Recent Activity within the Organization
  • Annual General Meeting

    Mags Retails Private Limited last Annual general meeting of members was held on 28 Sep 2013 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Mags Retails Private Limited has filed its annual Financial statements for the year ended 31 Mar 2013 with Roc Vijayawada. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 23 Jan 2008 via Charge ID 10089751 with Union Bank Of India was fully satisfied on 26 Oct 2010. was documented.

  • Charges

    Progress on A charge with Union Bank Of India of Rs. 1.50 Cr registered on 23 Jan 2008 with Charge ID 10089751 was modified on 27 Jan 2009. was documented.

  • Charges

    A charge with Union Bank Of India amounted to Rs. 1.50 Cr with Charge ID 10089751 was registered on 23 Jan 2008. was recorded as a recent event.

  • Director Appointment

    The activity Gummadi Suresh was appointed as a Director was appointed as a Director on 25 Sep 2007 & has been associated with this company since 18 years 5 months . was completed.

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Frequently Asked Questions
What is the CIN of Mags Retails Private Limited?

The CIN of Mags Retails Private Limited is U51310AP2007PTC055553.

Where is Mags Retails Private Limited headquartered?

Mags Retails Private Limited is headquartered at 40-1-44, M.S.R. Plaza, Near D.V.Manaor, M.G.Road, Vijayawada, Andhra Pradesh, 520010.

When was Mags Retails Private Limited incorporated?

Mags Retails Private Limited was incorporated on 17 September 2007.

Who are the current directors of Mags Retails Private Limited?

The current directors of Mags Retails Private Limited are

What is the primary industry of Mags Retails Private Limited?

The primary industry of Mags Retails Private Limited is Home Appliances.

Is Mags Retails Private Limited a listed company?

Mags Retails Private Limited is unlisted.

What is the capital structure of Mags Retails Private Limited?

The authorized capital of Mags Retails Private Limited is ₹2.00 Cr, and the paid-up capital is ₹0.10 M.

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