MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0008888
Mgx-247 Logistics Private Limited - transport and logistics in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹48.38 Cr
▲ 2% YoY
Net profit · FY 2024
₹49.55 Lakh
Net margin 1%
EBITDA · FY 2024
₹2.71 Cr
EBITDA margin 5.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹76.55 Lakh
Issued & subscribed
Open charges
₹16.52 Cr
Satisfied ₹1.09 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
51
Provident fund records
About Mgx-247 Logistics Private Limited
Data last updated:
Mgx-247 Logistics Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 24 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2013PTC091798. Its GSTIN is 33AALCA7487K1Z4 (Tamil Nadu). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹76.55 Lakh. It was formerly known as Agx Logistics India Private Limited. It is led by directors Sruthi Magesh (Whole-Time Director) and Magesh Shyam (Whole-Time Director).
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 New No. 36 Old No. 73 West Madha Church Road Royapuram, Chennai, Tamil Nadu, India – 600013.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.38 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹49.55 Lakh (net margin 1%) and EBITDA of ₹2.71 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 27% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AGXIndia Logistics. As per MCA filings, the company has open charges of ₹16.52 Cr and satisfied charges of ₹1.09 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹15 Lakh; the latest was in September 2019.
Mgx-247 Logistics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0008888). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website agxindia.com.
Company details
CIN U74999TN2013PTC091798
Registration Number 091798
Incorporation Date 24 June 2013
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0008888
Name history
Mgx-247 Logistics has undergone 2 name changes throughout its history. The company was previously known as Agx Logistics India Private Limited, and Mgx-247 Logistics Private Limited. The current legal name is Mgx-247 Logistics Private Limited.
| Company Name | Status |
|---|---|
| Mgx-247 Logistics Private Limited | Current |
| Agx Logistics India Private Limited | Previous |
Recognitions & Rankings of Mgx-247 Logistics
Contact details
Mgx-247 Logistics Private Limited's registered office is in Chennai, Tamil Nadu. Its website is agxindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNew No. 36 Old No. 73 West Madha Church Road Royapuram, Chennai, Tamil Nadu, India – 600013
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Mgx-247 Logistics Private Limited, buy the company report.
Comprehensive company report
Mgx-247 Logistics 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
Mgx-247 Logistics operates one associated brand: AGXIndia Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-modal freight forwarding services are provided across various transport modes. | agxindia.com |
Business activity
The main business activity of Mgx-247 Logistics is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Mgx-247 Logistics Private Limited, buy the company report.
Financials of Mgx-247 Logistics Private Limited
FY 2024 filings availableMgx-247 Logistics Private Limited reported revenue of ₹48.38 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹48.38 Cr ▲ 2%
Net profit · FY 2024
₹49.55 Lakh margin 1%
EBITDA · FY 2024
₹2.71 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 27%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 63%
3 years · compounded
▲ 20%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 2% growth in the latest year. EBITDA rose 63% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹2.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹49.55 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mgx-247 Logistics Private Limited, buy the company report.
Board of directors of Mgx-247 Logistics Private Limited
Mgx-247 Logistics has 2 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 |
|---|---|---|---|---|
| Sruthi Magesh | Whole-Time Director | 31 Jul 2019 | 7 Years 3 Months | Current |
| Magesh Shyam | Whole-Time Director | 10 Aug 2019 | 7 Years 2 Months | Current |
Auditor
Mgx-247 Logistics Private Limited is audited by Saravanan & Ramesh for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Saravanan & Ramesh | FY 2023 | 009811S |
Shareholding
The shareholding of Mgx-247 Logistics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mgx-247 Logistics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16.52 Cr
Satisfied charges
₹1.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2024 | 101035517 | Others | ₹1.56 Cr | Open | |
| 01 Feb 2024 | 100861894 | Others | ₹4 Cr | Open | |
| 29 Sep 2023 | 100847940 | Hdfc Bank Limited | ₹1.93 Cr | Open | |
| 05 Sep 2023 | 100822931 | Axis Bank Limited | ₹2.94 Cr | Open | |
| 25 Mar 2022 | 100562468 | Others | ₹1.4 Cr | Open |
To see the full charge records of Mgx-247 Logistics Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Mgx-247 Logistics Private Limited has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹15 Lakh; the latest was in September 2019.
Total deals
7
Secondary share transfers
5
Funding round
1
Rights issue
1
Disclosed funding
₹15 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Rights issue | ₹3.9 Lakh | Investors: an individual |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Premier Investment Holdings Pte Limited, an individual |
To see the full deal history of Mgx-247 Logistics Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mgx-247 Logistics Private Limited has 1 court case on record: 1 filed by Mgx-247 Logistics. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Larsen & Toubro Ltd | Disposed |
To see the full case history of Mgx-247 Logistics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mgx-247 Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mgx-247 Logistics Private Limited has a workforce of 51 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
Employee growth
8.51%
GST
Mgx-247 Logistics has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCA7487K1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AALCA7487K2Z3 | Tamil Nadu | Active | 17 Mar 2025 |
| 27AALCA7487K1ZX | Maharashtra | Active | 11 May 2021 |
| 29AALCA7487K1ZT | Karnataka | Active | 15 Jun 2021 |
To see the full GST registrations and return filing status of Mgx-247 Logistics Private Limited, buy the company report.
Recent activity
Mgx-247 Logistics Private Limited has 7 board changes on record since 2015: 2 appointments and 5 cessations. The latest: Govindasamy Ethiraj ceased to be Director on 31 Mar 2023.
Charges
A charge with Others amounted to Rs. 1.56 Cr with Charge ID 101035517 was registered on 30 Dec 2024.
Charges
A charge with Axis Bank Limited of Rs. 4.00 Cr registered on 28 Apr 2021 with Charge ID 100441064 was modified on 13 Nov 2024.
AGM
Mgx-247 Logistics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 4.00 Cr registered on 01 Feb 2024 with Charge ID 100861894 was modified on 04 Sep 2024.
Filing
Mgx-247 Logistics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100861894 was registered on 01 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.93 Cr with Charge ID 100847940 was registered on 29 Sep 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.94 Cr with Charge ID 100822931 was registered on 05 Sep 2023.
Ceased
Govindasamy Ethiraj ceased to be Director.
Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100562468 was registered on 25 Mar 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100441064 was registered on 28 Apr 2021.
Ceased
Magesh Shyam ceased to be Additional Director.
20 earlier events are in the company report.
Frequently asked questions
Mgx-247 Logistics is an active private limited company based in Chennai, Tamil Nadu, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 24 June 2013 (13+ years old) and is registered under CIN U74999TN2013PTC091798.
Mgx-247 Logistics has 2 current directors:
- Sruthi Magesh - Whole-Time Director
- Magesh Shyam - Whole-Time Director
The latest financial statements of Mgx-247 Logistics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mgx-247 Logistics is 33AALCA7487K1Z4, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 33AALCA7487K2Z3 (Tamil Nadu), 27AALCA7487K1ZX (Maharashtra), 29AALCA7487K1ZT (Karnataka).
The CIN (Corporate Identification Number) of Mgx-247 Logistics is U74999TN2013PTC091798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mgx-247 Logistics has 1 court case on record: 1 filed by the company.
Mgx-247 Logistics was incorporated on 24 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Mgx-247 Logistics has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹15 Lakh; the latest was in September 2019.
Govindasamy Ethiraj ceased to be Director on 31 Mar 2023. Magesh Shyam ceased to be Additional Director on 30 Sep 2019. Sruthi Magesh ceased to be Additional Director on 30 Sep 2019. Mgx-247 Logistics has 7 board changes on record in total.
Yes, Mgx-247 Logistics is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0008888).
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