About Magtor Servomotion Private Limited
Data last updated:
Magtor Servomotion Private Limited was a private limited company based in Napa Talpad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 20 January 2014.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31101GJ2014PTC078331. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.96 Cr. It was formerly known as Magmotor Servodrives Private Limited. It was led by directors Umesh Mohan Balani and Neelam Umesh Balani.
Its last annual general meeting (AGM) was held on 27 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Ground Floor 223 Napa Talpad Gana – Borsad Road Tal. Borsad, Gujarat, India – 388560.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.79 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹12.24 Lakh and EBITDA of -₹4.6 Lakh (EBITDA margin -257.1%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 48% over five years.
The company was associated with 1 brand: Rotomag.
The last known website on record is magtor.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGround Floor 223 Napa Talpad Gana – Borsad Road Tal. Borsad, Gujarat, India – 388560
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
- One PDF report, delivered after checkout
Business Activity of Magtor Servomotion Private Limited
The main business activity of Magtor Servomotion is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Magtor Servomotion Private Limited FY 2022 filings available
Magtor Servomotion Private Limited reported revenue of ₹1.79 Lakh (down 98% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Magtor Servomotion Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 98% fall in the latest year. EBITDA rose 86% 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 Magtor Servomotion Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.79 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.24 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Magtor Servomotion Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -257.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Magtor Servomotion are in the company report.
Financial statements from 2015
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 Magtor Servomotion Private Limited
Magtor Servomotion Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenwell Renewables Private Limited | ₹1.88 Lakh (FY 2024) | •••• | •••• | -100.0% | •••• | Jaipur, Rajasthan, India |
| DMX Software and Services Private Limited | ₹1.88 Lakh (FY 2024) | •••• | •••• | -69.0% | •••• | Jaipur, Rajasthan, India |
| Moti Electromec Pvt Ltd | ₹1.88 Lakh (FY 2024) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Bimix Solar and Electrical Udyog Private Limited | ₹1.88 Lakh (FY 2020) | •••• | •••• | •••• | Ranchi, Jharkhand, India | |
| Melcon's Power (India) Private Limited | ₹1.88 Lakh (FY 2019) | •••• | •••• | -38.0% | •••• | Hooghly, West Bengal, India |
| Magtor Servomotion Private Limited this company | ₹1.79 Lakh (FY 2022) | •••• | •••• | -98.0% | •••• | Napa Talpad, Gujarat, India |
| Delta Electronics Private Limited | ₹1.79 Lakh (FY 2025) | •••• | •••• | -56.0% | •••• | New Delhi, Delhi, India |
| WNJ Technology Private Limited | ₹1.77 Lakh (FY 2022) | •••• | •••• | -32.0% | •••• | Erode, Tamil Nadu, India |
| Del-Elec Equipments (India) Pvt Ltd | ₹1.77 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
| Nexpv Energy Systems Private Limited | ₹1.77 Lakh (FY 2024) | •••• | •••• | 1070.0% | •••• | Bangalore, Karnataka, India |
| Alticc Engineering Services Private Limited | ₹1.68 Lakh (FY 2018) | •••• | •••• | -66.0% | •••• | Raigunj, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Magtor Servomotion by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Magtor Servomotion Private Limited
Magtor Servomotion Private Limited is audited by SHAILESH & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAILESH & CO | 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 Magtor Servomotion Private Limited
Magtor Servomotion has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umesh Mohan Balani Also directs: Statcon Energiaa Private Limited, Rotomotive Powerdrives India Limited, Su-Vastika Systems Private Limited and 2 more | Director | 20 Jan 2014 | 12 Years 8 Months | As last reported |
| Neelam Umesh Balani Also directs: Statcon Energiaa Private Limited, Rotomotive Powerdrives India Limited, Rotomag Enertec Limited and 1 more | Director | 28 Nov 2018 | 7 Years 10 Months | As last reported |
Ownership and Shareholding of Magtor Servomotion 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 Magtor Servomotion Private Limited
Magtor Servomotion Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Magtor Servomotion Private Limited
Magtor Servomotion operates one associated brand: Rotomag. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and supplier of PMDC motos | rotomag.com |
Employees and EPFO Compliance at Magtor Servomotion Private Limited
Employment history and EPFO contributions of people linked to Magtor Servomotion.
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.
Recent Activity on Magtor Servomotion Private Limited
Magtor Servomotion Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Giorgio Bosio ceased to be Director on 22 Aug 2022.
Credit Ratings, Litigation & Regulatory Alerts for Magtor Servomotion 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 Magtor Servomotion 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 Magtor Servomotion 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 Magtor Servomotion Private Limited
Magtor Servomotion has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Magtor Servomotion 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 Magtor Servomotion Private Limited
Magtor Servomotion has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Magtor Servomotion was a private limited company based in Napa Talpad, Gujarat, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 20 January 2014 and is registered under CIN U31101GJ2014PTC078331. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Magtor Servomotion was incorporated on 20 January 2014. It is registered with the Registrar of Companies, Ahmedabad.
Magtor Servomotion had 2 directors:
- Umesh Mohan Balani - Director
- Neelam Umesh Balani - Director
The CIN (Corporate Identification Number) of Magtor Servomotion is U31101GJ2014PTC078331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Magtor Servomotion is at Ground Floor 223 Napa Talpad Gana – Borsad Road Tal. Borsad, Gujarat, India – 388560.
Magtor Servomotion can be reached through the website magtor.com. Its registered office is in Napa Talpad, Gujarat, India.
Magtor Servomotion reported revenue of ₹1.79 Lakh for FY 2022 (down 98% YoY).
Magtor Servomotion has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.96 Cr.
Magtor Servomotion reported a net loss of ₹12.24 Lakh and EBITDA of -₹4.6 Lakh (EBITDA margin -257.1%) for FY 2022, as per its filed financial statements.
No. Magtor Servomotion has 1 GST registration on record and it is cancelled or inactive.