Startup India Government of India
Magsol Technologies Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.32 Cr
▲ 54% YoY
Net profit · FY 2025
₹13.06 Lakh
Net margin 3%
EBITDA · FY 2025
₹18.68 Lakh
EBITDA margin 4.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5.44 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
29
Provident fund records
Directors on board
3
As per MCA filings
About Magsol Technologies Private Limited
Data last updated:
Magsol Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 28 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA2018PTC118947. Its GSTIN is 29AAMCM2579B1Z8 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.44 Lakh. It is led by directors including Asha Varadaraj and Prithvi Vijaya Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.32 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹13.06 Lakh (net margin 3%) and EBITDA of ₹18.68 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 248% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Magsol Technologies.
Magsol Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0028739). For more details, the company can be reached via its website magsol.co.in.
Company details
CIN U31909KA2018PTC118947
Registration Number 118947
Incorporation Date 28 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0028739
Recognitions & Rankings of Magsol Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0028739
Contact details
Magsol Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is magsol.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address73/1 B & C Byregowda Industrial Estate, 3rd Floor Srigandha Nagara Peenya 2nd Stage, Bangalore, Karnataka, India – 560091
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Magsol Technologies Private Limited, buy the company report.
Comprehensive company report
Magsol Technologies Private 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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Brands
Magsol Technologies operates one associated brand: Magsol Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of advanced magnetic components for electronics, energy, and related sectors in Bengaluru. | magsol.co.in |
Business activity
The main business activity of Magsol Technologies is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of Magsol Technologies Private Limited, buy the company report.
Financials of Magsol Technologies Private Limited
FY 2025 filings availableMagsol Technologies Private Limited reported revenue of ₹4.32 Cr (up 54% YoY) for FY 2025.
Revenue · FY 2025
₹4.32 Cr ▲ 54%
Net profit · FY 2025
₹13.06 Lakh margin 3%
EBITDA · FY 2025
₹18.68 Lakh margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 4%
5 years · compounded
▲ 248%
EBITDA CAGR growth
1 year
▲ 156%
3 years · compounded
▲ 61%
5 years · compounded
▲ 38%
Revenue has grown at a compounded annual rate (CAGR) of 248% over five years, including 54% growth in the latest year. EBITDA rose 156% 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 | ₹18.68 Lakh | ||||
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| Net Profit (PAT) | ₹13.06 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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| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of Magsol Technologies Private Limited, buy the company report.
Board of directors of Magsol Technologies Private Limited
Magsol Technologies has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Varadaraj | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Prithvi Vijaya Kumar | Director | 22 Mar 2019 | 7 Years 7 Months | Current |
| Thimme Gowda Shankar | Director | 21 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Magsol Technologies Private Limited is audited by HIRANMAYI NITISH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIRANMAYI NITISH & CO | FY 2019 | 011918S |
Shareholding
The shareholding of Magsol Technologies Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Magsol Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Magsol Technologies 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 Magsol Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magsol Technologies Private Limited has a workforce of 29 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
-32.56%
GST
Magsol Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCM2579B1Z8 | Karnataka | Active | 24 Apr 2019 |
To see the full GST registrations and return filing status of Magsol Technologies Private Limited, buy the company report.
Recent activity
Magsol Technologies Private Limited has 8 board changes on record since 2019: 3 appointments and 5 cessations. The latest: Asha Varadaraj was appointed as Director on 30 Sep 2024.
AGM
Magsol Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magsol Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Asha Varadaraj was appointed as Director.
Ceased
Satheeshkanna ceased to be Director.
Ceased
Prashanth Mysore Anantha Swamy ceased to be Director.
Ceased
Ritesh Suresh Joshi ceased to be Director.
Appointed
Thimme Gowda Shankar was appointed as Director.
Ceased
Venkata Rao Vijayasree ceased to be Director.
Ceased
Shanmuga Gokul ceased to be Director.
Appointed
Prithvi Vijaya Kumar was appointed as Director.
Incorporation
28 Nov 2018
Magsol Technologies Private Limited was registered on 28 Nov 2018 with Roc Bangalore & aged 7 years 10 months as per MCA records.
Frequently asked questions
Magsol Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 28 November 2018 (8+ years old) and is registered under CIN U31909KA2018PTC118947.
Magsol Technologies has 3 current directors:
- Asha Varadaraj - Director
- Prithvi Vijaya Kumar - Director
- Thimme Gowda Shankar - Director
The latest financial statements of Magsol Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Magsol Technologies is 29AAMCM2579B1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Magsol Technologies is U31909KA2018PTC118947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magsol Technologies was incorporated on 28 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Asha Varadaraj was appointed as Director on 30 Sep 2024. Satheeshkanna ceased to be Director on 06 Mar 2023. Prashanth Mysore Anantha Swamy ceased to be Director on 27 Jan 2022. Magsol Technologies has 8 board changes on record in total.
Yes, Magsol Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Magsol Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0028739).
Magsol Technologies can be reached through the website magsol.co.in. Its registered office is in Bangalore, Karnataka, India.