MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-23-0000341
MB Magnets Pvt.Ltd.
MB Magnets Pvt.Ltd. - metals and minerals in Durgapur, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.31 Cr
▼ 91% YoY
Net profit · FY 2025
₹22.49 Lakh
Net margin 17.2%
EBITDA · FY 2025
₹66.76 Lakh
EBITDA margin 51%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹32.5 Lakh
Issued & subscribed
Open charges
₹40.25 Cr
Satisfied ₹69.87 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
27
Provident fund records
About MB Magnets Pvt.Ltd.
Data last updated:
MB Magnets Pvt.Ltd. is a private limited company based in Durgapur, West Bengal, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 19 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31904WB1996PTC080550. Its GSTIN is 19AABCM7054N2ZY (West Bengal). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹32.5 Lakh. It is led by directors Ashfaque Ahmad and Bhaskar Choudhury.
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 59 60 61 Industrial Estate, Durgapur, West Bengal, India – 713212.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.31 Cr, a decline of 91% compared to the previous year. For the same year it recorded a net profit of ₹22.49 Lakh (net margin 17.2%) and EBITDA of ₹66.76 Lakh (EBITDA margin 51%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 19% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40.25 Cr and satisfied charges of ₹69.87 Cr on record.
MB Magnets Pvt.Ltd. is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-23-0000341). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of MB Magnets Pvt.Ltd.
CIN U31904WB1996PTC080550
Registration Number 080550
Incorporation Date 19 July 1996
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-23-0000341
Recognitions & Rankings of MB Magnets
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address59 60 61 Industrial Estate, Durgapur, West Bengal, India – 713212
- IndustryMetals and Minerals, Metal Retail & Distribution
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MB Magnets Pvt.Ltd. - one report that includes everything
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Business Activity of MB Magnets Pvt.Ltd.
The main business activity of MB Magnets is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of MB Magnets Pvt.Ltd. FY 2025 filings available
MB Magnets Pvt.Ltd. reported revenue of ₹1.31 Cr (down 91% YoY) for FY 2025.
Revenue · FY 2025
₹1.31 Cr ▼ 91%
Net profit · FY 2025
₹22.49 Lakh margin 17.2%
EBITDA · FY 2025
₹66.76 Lakh margin 51%
Compounded Annual Growth Rate (CAGR) of MB Magnets Pvt.Ltd.
Revenue CAGR growth
1 year
▼ 91%
3 years · compounded
▼ 1%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 27%
5 years · compounded
▲ 28%
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 91% fall in the latest year. EBITDA fell 8% 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 MB Magnets Pvt.Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹66.76 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹22.49 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 MB Magnets Pvt.Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.2% | •••• | •••• | •••• | •••• |
| 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 MB Magnets are in the company report.
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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.
Board of Directors of MB Magnets Pvt.Ltd.
MB Magnets has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashfaque Ahmad | Director | 17 Mar 2018 | 8 Years 7 Months | Current |
| Bhaskar Choudhury Also directs: Kosher Engineering & Consultancy Private Limited | Director | 17 Mar 2018 | 8 Years 7 Months | Current |
Peer Comparison of MB Magnets Pvt.Ltd.
MB Magnets Pvt.Ltd. is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Harshvijay Exim OPC Private Limited | ₹1.32 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Ahmedabad, Gujarat, India |
| Cosmic Alloys and Metal Works Private Limited | ₹1.31 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Noida, Uttar Pradesh, India |
| Shakti Shaswati Private Limited | ₹1.31 Cr (FY 2022) | •••• | •••• | -41.0% | •••• | Mumbai, Maharashtra, India |
| JMR Steels Private Limited | ₹1.31 Cr (FY 2022) | •••• | •••• | -55.0% | •••• | Chennai, Tamil Nadu, India |
| Abs Merchant Private Limited | ₹1.31 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| MB Magnets Pvt.Ltd. this company | ₹1.31 Cr (FY 2025) | •••• | •••• | -91.0% | •••• | Durgapur, West Bengal, India |
| R K Investrade Private Limited | ₹1.3 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | New Delhi, Delhi, India |
| Trans Himalayan Logistics Private Limited | ₹1.3 Cr (FY 2019) | •••• | •••• | -81.0% | •••• | Kolkata, West Bengal, India |
| Fortunica Aluminium Private Limited | ₹1.3 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Hyderabad, Telangana, India |
| Jailaxmi Alloy Steels Private Limited | ₹1.3 Cr (FY 2025) | •••• | •••• | -83.0% | •••• | Aurangabad, Maharashtra, India |
| Motiram Goyal and Sons Private Limited | ₹1.3 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below MB Magnets by revenue in the Metals and Minerals industry (Metal Retail and Distribution), 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 MB Magnets Pvt.Ltd.
MB Magnets Pvt.Ltd. is audited by K.K.GHOSH&ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.K.GHOSH&ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of MB Magnets Pvt.Ltd.
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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 MB Magnets Pvt.Ltd.
Open charges
₹40.25 Cr
Satisfied charges
₹69.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Apr 2025 | Canara Bank | ₹13 Cr | Open |
| 24 Dec 2024 | Canara Bank | ₹19 Cr | Open |
| 24 Nov 2004 | State Bank of Patiala | ₹8.25 Cr | Open |
| 05 Oct 2010 | Others | ₹16 Cr | Satisfied |
| 28 Jul 2005 | Stae Bank of Hyderabad | ₹7.5 Cr | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at MB Magnets Pvt.Ltd.
MB Magnets Pvt.Ltd. has a workforce of 27 employees as of Apr 09, 2024.
Employee count
27
Active EPFO establishments
1
Employee growth
-6.9%
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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.
Group Structure of MB Magnets Pvt.Ltd.
MB Magnets has 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
2
Associated companies
Recent Activity on MB Magnets Pvt.Ltd.
MB Magnets Pvt.Ltd. has 10 board changes on record since 2006: 2 appointments and 8 cessations. The latest: Ashfaque Ahmad was appointed as Director on 17 Mar 2018.
AGM
Mb Magnets Pvt.Ltd. last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 1,300.00 Lakh with Charge ID 101088916 was registered on 11 Apr 2025.
Filing
Mb Magnets Pvt.Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Canara Bank amounted to Rs. 1,900.00 Lakh with Charge ID 101025978 was registered on 24 Dec 2024.
Charges
A charge registered on 05 Oct 2010 via Charge ID 10249004 with Others was fully satisfied on 20 Mar 2024.
Appointed
Ashfaque Ahmad was appointed as Director.
Appointed
Bhaskar Choudhury was appointed as Director.
Ceased
Khushboo Lakhotia ceased to be Whole-Time Director.
Ceased
Yachna Lakhotia ceased to be Director.
Charges
A charge registered on 26 Apr 2004 via Charge ID 90247345 with State Bank Of India was fully satisfied on 31 Oct 2017.
Charges
A charge registered on 26 Apr 2004 via Charge ID 80010183 with State Bank Of Bikaner & Jaipur was fully satisfied on 31 Oct 2017.
Charges
A charge with Others of Rs. 1,600.00 Lakh registered on 05 Oct 2010 with Charge ID 10249004 was modified on 29 Apr 2017.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for MB Magnets Pvt.Ltd.
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by MB Magnets Pvt.Ltd.
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of MB Magnets Pvt.Ltd.
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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- Entity investments
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GST Compliance of MB Magnets Pvt.Ltd.
MB Magnets has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCM7054N2ZY | West Bengal | Active | 23 Apr 2018 |
| 20AABCM7054N1ZG | Jharkhand | Active | 17 Nov 2017 |
| 37AABCM7054N1Z1 | Andhra Pradesh | Active | 08 Mar 2018 |
| 21AABCM7054N1ZE | Odisha | Active | 30 Jun 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of MB Magnets Pvt.Ltd.
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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- Annual returns and statements
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Frequently Asked Questions about MB Magnets Pvt.Ltd.
MB Magnets is an active private limited company based in Durgapur, West Bengal, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 19 July 1996 (30+ years old) and is registered under CIN U31904WB1996PTC080550.
MB Magnets reported revenue of ₹1.31 Cr for FY 2025 (down 91% YoY).
MB Magnets has 2 current directors:
- Ashfaque Ahmad - Director
- Bhaskar Choudhury - Director
MB Magnets reported a net profit of ₹22.49 Lakh (net margin 17.2%) and EBITDA of ₹66.76 Lakh (EBITDA margin 51%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MB Magnets is -1% over three years and -19% over five years. In the latest year (FY 2025) revenue fell 91%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MB Magnets is 19AABCM7054N2ZY, registered in West Bengal. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 20AABCM7054N1ZG (Jharkhand), 37AABCM7054N1Z1 (Andhra Pradesh), 21AABCM7054N1ZE (Odisha).
The CIN (Corporate Identification Number) of MB Magnets is U31904WB1996PTC080550. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MB Magnets was incorporated on 19 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of MB Magnets by revenue are Harshvijay Exim OPC Private Limited, Cosmic Alloys and Metal Works Private Limited, Shakti Shaswati Private Limited, JMR Steels Private Limited, Abs Merchant Private Limited and 5 more, all in the Metals and Minerals industry (Metal Retail and Distribution).
Ashfaque Ahmad was appointed as Director on 17 Mar 2018. Bhaskar Choudhury was appointed as Director on 17 Mar 2018. Khushboo Lakhotia ceased to be Whole-Time Director on 17 Mar 2018. MB Magnets has 10 board changes on record in total.
Yes, MB Magnets is registered as a small enterprise under Udyam registration (number: UDYAM-WB-23-0000341).