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
26
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 26 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
CIN U31904WB1996PTC080550
Registration Number 080550
Incorporation Date 19 July 1996
ROC Kolkata
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-23-0000341
Recognitions & Rankings of MB Magnets
Contact details
MB Magnets Pvt.Ltd.'s registered office is in Durgapur, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address59 60 61 Industrial Estate, Durgapur, West Bengal, India – 713212
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of MB Magnets Pvt.Ltd., buy the company report.
Comprehensive company report
MB Magnets Pvt.Ltd. - 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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Secure checkout · GST invoice included
Business activity
The main business activity of MB Magnets is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of MB Magnets Pvt.Ltd., buy the company report.
Financials of MB Magnets Pvt.Ltd.
FY 2025 filings availableMB 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)
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
| 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 | |||||
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| Cost of Materials Consumed | |||||
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| 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 | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| 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 | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of MB Magnets Pvt.Ltd., buy the company report.
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 |
Auditor
MB Magnets Pvt.Ltd. is audited by K.K.GHOSH&ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.K.GHOSH&ASSOCIATES | FY 2023 | 324893E |
Shareholding
The shareholding of MB Magnets Pvt.Ltd. is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MB Magnets Pvt.Ltd., buy the company report.
Charges & borrowings
Open charges
₹40.25 Cr
Satisfied charges
₹69.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Apr 2025 | 101088916 | Canara Bank | ₹13 Cr | Open | |
| 24 Dec 2024 | 101025978 | Canara Bank | ₹19 Cr | Open | |
| 24 Nov 2004 | 90244848 | State Bank of Patiala | ₹8.25 Cr | Open | |
| 05 Oct 2010 | 10249004 | Others | ₹16 Cr | Satisfied | |
| 28 Jul 2005 | 90247592 | Stae Bank of Hyderabad | ₹7.5 Cr | Satisfied |
To see the full charge records of MB Magnets Pvt.Ltd., buy the company report.
Total charge records: 10 View all charges
Legal cases
No court or tribunal cases involving MB Magnets Pvt.Ltd. 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 MB Magnets Pvt.Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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
Employees & EPFO
MB Magnets Pvt.Ltd. has a workforce of 26 employees on its EPFO records as of Sep 2020, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-18.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 26 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of MB Magnets Pvt.Ltd., buy the company report.
GST
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 |
To see the full GST registrations and return filing status of MB Magnets Pvt.Ltd., buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Ashfaque Ahmad - Director
- Bhaskar Choudhury - Director
The latest financial statements of MB Magnets 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 2015 are in the company report.
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.
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).
The registered office of MB Magnets is at 59 60 61 Industrial Estate, Durgapur, West Bengal, India – 713212.
MB Magnets operates in the metals and minerals industry, in the metal retail and distribution segment.
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