About Magtapp Technologies Private Limited
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Magtapp Technologies Private Limited is a private limited company based in Goregaon East, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 20 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2019PTC321541. Its GSTIN is 27AAMCM4677N1ZK (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors Satyapal Chandra and Hasmukh Damji Gala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Western Express Highway Nesco IT Park, Goregaon East, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.57 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.57 Lakh (net margin -13.8%) and EBITDA of ₹2.53 Lakh (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 105% over three years.
The company is associated with 1 brand: MagTapp. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.94 Cr; the latest was in August 2023. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Voiceback Technologies LLP.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magtapp.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressWework 10th Floor Nesco Tower 4 C Wing, Western Express Highway Nesco IT Park, Goregaon East, Maharashtra, India – 400063
- IndustryInternet, Online Service Marketplaces
- 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 of Magtapp Technologies Private Limited
The main business activity of Magtapp Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magtapp Technologies Private Limited FY 2024 filings available
Magtapp Technologies Private Limited reported revenue of ₹18.57 Lakh (up 285% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Magtapp Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 105% over three years, including 285% growth in the latest year. EBITDA rose 101% 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 of Magtapp Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.57 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magtapp Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -13.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Magtapp Technologies are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Magtapp Technologies Private Limited
Magtapp Technologies Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Voiceback Technologies LLP | •••• | •••• | •••• | •••• | 20 | Bangalore, Karnataka, India |
| Atme Solutions Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Roadwe Ventures Private Limited | •••• | •••• | •••• | •••• | - | Raipur, Chattisgarh, India |
| Hopesy Entrepreneurs Private Limited | •••• | •••• | •••• | •••• | - | Palanpur, Gujarat, India |
| Coinedone Technologies Private Limited | •••• | •••• | •••• | •••• | - | Malappuram, Kerala, India |
| Magtapp Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Goregaon East, Maharashtra, India |
| Online India Tech Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Webshastra Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Texcial Lite Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Easy Commune Online Services Private Limited | •••• | •••• | •••• | •••• | - | Kozhikode, Kerala, India |
| Lifehardin Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Magtapp Technologies by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Magtapp Technologies Private Limited
Magtapp Technologies Private Limited is audited by JPMA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JPMA & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Magtapp Technologies Private Limited
Magtapp Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyapal Chandra | Director | 20 Feb 2019 | 7 Years 7 Months | Current |
| Hasmukh Damji Gala Also directs: Peeaar Micro LLP, On-Top the Mobile Shop LLP, Mihaan Rolling Flour Mills LLP and 5 more | Director | 19 Jun 2019 | 7 Years 3 Months | Current |
Ownership and Shareholding of Magtapp Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Magtapp Technologies Private Limited
Magtapp Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Magtapp Technologies Private Limited
Magtapp Technologies Private Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.94 Cr; the latest was in August 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round | ₹1 Cr | |
| Jun 2021 | Funding round | ₹3.16 Cr | Investors: 2 individuals |
| Dec 2020 | Funding round | ₹2.78 Cr | Investors: 2 individuals |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Purevalue Financial & Research Solutions Private Limited |
| Aug 2019 | Funding round | ₹1 Cr | Investors: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Magtapp Technologies Private Limited
Magtapp Technologies operates one associated brand: MagTapp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of visual app used as dictionary and a web browser | magtapp.com |
Employees and EPFO Compliance at Magtapp Technologies Private Limited
Employment history and EPFO contributions of people linked to Magtapp Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Magtapp Technologies Private Limited
Recent Activity on Magtapp Technologies Private Limited
Magtapp Technologies Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Manoj Sonawane ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Magtapp Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Magtapp Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Magtapp Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Magtapp Technologies Private Limited
Magtapp Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM4677N1ZK | Maharashtra | Active | 01 Aug 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Magtapp Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magtapp Technologies Private Limited
Magtapp Technologies is an active private limited company based in Goregaon East, Maharashtra, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 20 February 2019 (7+ years old) and is registered under CIN U72200MH2019PTC321541.
Magtapp Technologies reported revenue of ₹18.57 Lakh for FY 2024 (up 285% YoY).
Magtapp Technologies has 2 current directors:
- Satyapal Chandra - Director
- Hasmukh Damji Gala - Director
Magtapp Technologies reported a net loss of ₹2.57 Lakh (net margin -13.8%) and EBITDA of ₹2.53 Lakh (EBITDA margin 13.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Magtapp Technologies is 105% over three years. In the latest year (FY 2024) revenue rose 285%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Magtapp Technologies is 27AAMCM4677N1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Magtapp Technologies is U72200MH2019PTC321541. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magtapp Technologies was incorporated on 20 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Magtapp Technologies has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.94 Cr; the latest was in August 2023.
The peers of Magtapp Technologies by revenue are Voiceback Technologies LLP, Atme Solutions Private Limited, Roadwe Ventures Private Limited, Hopesy Entrepreneurs Private Limited, Coinedone Technologies Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Manoj Sonawane ceased to be Additional Director on 29 Sep 2024. Manoj Sonawane was appointed as Director on 19 Sep 2024. Hasmukh Damji Gala ceased to be Additional Director on 31 Dec 2020. Magtapp Technologies has 6 board changes on record in total.