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About Magcore Lamination (India) Private Limited
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Magcore Lamination (India) Private Limited is a private limited company based in Tumkur, Karnataka, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 17 July 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1987PTC008493. Its GSTIN is 29AAACN6360R1ZR (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Nagachandra Plasto Metals Private Limited. It is led by directors Vikram Kumar Bhansali (Managing Director) and Babulal Parasmal Bhansali.
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 T93 Tumukuru Machine Tool Park, Tumkur, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹337.72 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹4.44 Cr (net margin 1.3%) and EBITDA of ₹19.94 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 25% over five years.
The company has about 60 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Magcore. As per MCA filings, the company has open charges of ₹252.14 Cr and satisfied charges of ₹64.26 Cr on record. Court records list 21 cases involving the company, including 9 filed by the company and 12 filed against it; 5 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.85 Cr; the latest was in January 2018. Its 7 peer companies in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 2 smaller; the largest is Synergy Green Industries Limited with revenue of ₹363.68 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magcore.in.
Company details
Contact details
Magcore Lamination (India) Private Limited's registered office is in Tumkur, Karnataka. Its website is magcore.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy No 12 13 And 14 Plot No T 92 A, T93 Tumukuru Machine Tool Park, Tumkur, Karnataka, India – 572128
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Magcore Lamination (India) Private Limited, buy the company report.
- 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
Brands
Magcore Lamination (India) operates one associated brand: Magcore. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of electrical stampings and laminations for motors and appliances in India. | magcore.in |
Business activity
The main business activity of Magcore Lamination (India) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Magcore Lamination (India) Private Limited, buy the company report.
Financials of Magcore Lamination (India) Private Limited
FY 2024 filings availableMagcore Lamination (India) Private Limited reported revenue of ₹337.72 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 1% growth in the latest year. EBITDA fell 40% 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 |
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| EBITDA | ₹19.94 Cr | ||||
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| Net Profit (PAT) | ₹4.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of Magcore Lamination (India) Private Limited, buy the company report.
Board of directors of Magcore Lamination (India) Private Limited
Magcore Lamination (India) 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 |
|---|---|---|---|---|
| Vikram Kumar Bhansali | Managing Director | 02 May 2006 | 20 Years 5 Months | Current |
| Babulal Parasmal Bhansali Also directs: Magcore Infra (I) LLP | Director | 17 Jul 1987 | 39 Years 3 Months | Current |
Peer comparison
Magcore Lamination (India) Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synergy Green Industries Limited | ₹363.68 Cr (FY 2025) | 11.0% | Kolhapur, Maharashtra, India | |||
| Ashley Alteams India Limited | ₹357.52 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Sudisa Foundry Private Limited | ₹344.08 Cr (FY 2025) | -3.0% | Jamshedpur, Jharkhand, India | |||
| PTC Industries Limited | ₹342.23 Cr (FY 2025) | 27.0% | Lucknow, Uttar Pradesh, India | |||
| Sage Metals Private Limited | ₹339.6 Cr (FY 2018) | 14.0% | Mumbai, Maharashtra, India | |||
| Magcore Lamination (India) Private Limitedthis company | ₹337.72 Cr (FY 2025) | ₹4.44 Cr | 1.3% | 1.0% | 60 | Tumkur, Karnataka, India |
| CX Precision Mechanical ( India ) Private Limited | ₹330.7 Cr (FY 2025) | 626.0% | Chennai, Tamil Nadu, India | |||
| Sri Balaji Castings Private Limited | ₹325.84 Cr (FY 2024) | 6.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Magcore Lamination (India) Private Limited, buy the company report.
Auditor
Magcore Lamination (India) Private Limited is audited by Tarai & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Tarai & Co. | FY 2024 | 0022166S |
Shareholding
The shareholding of Magcore Lamination (India) Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magcore Lamination (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2025 | 101190401 | Hdfc Bank Limited | ₹56.7 Cr | Open | |
| 13 Jan 2022 | 100529245 | Axis Bank Limited | ₹82.9 Cr | Open | |
| 30 Dec 2021 | 100519939 | Tata Capital Financial Services Limited | ₹38.9 Lakh | Open | |
| 15 Jul 2021 | 100459488 | Tata Capital Financial Services Limited | ₹77.85 Lakh | Open | |
| 29 Jan 2021 | 100468754 | Hdfc Bank Limited | ₹95.66 Cr | Open |
To see the full charge records of Magcore Lamination (India) Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Magcore Lamination (India) Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.85 Cr; the latest was in January 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Rights issue | ₹1.5 Cr | Investors: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2012 | Funding round | ₹3.1 Cr | Investors: Vikram Kumar Bhansali HUF, 3 individuals |
| Mar 2009 | Funding round | ₹51 Lakh | Investors: 4 individuals |
To see the full deal history of Magcore Lamination (India) 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
Magcore Lamination (India) Private Limited has 21 court cases on record: 9 filed by Magcore Lamination (India), 12 filed against it. 5 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 6 | 0 |
| High courts | 8 | 6 | 5 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (MFA) | Filed against the company by The Manager United India Insurance Company Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Altigreen Propulsion Labs Pvt Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S SS Fine Motors Appliances Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Farmax Hi-Tech Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Farmax Hi-Tech Private Limited | Disposed |
To see the full case history of Magcore Lamination (India) 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.
Credit ratings & regulatory alerts
Magcore Lamination (India) Private Limited was last rated by Brickwork on 18 Sep 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 18 Sep 2018 |
To see the full credit ratings and regulatory alerts of Magcore Lamination (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magcore Lamination (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Magcore Lamination (India) Private Limited has a workforce of 60 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Magcore Lamination (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACN6360R1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Magcore Lamination (India) Private Limited, buy the company report.
Recent activity
Magcore Lamination (India) Private Limited has 7 board changes on record since 1987: 2 appointments and 5 cessations. The latest: Vikram Kumar Bhansali ceased to be Director on 09 Apr 2025.
33 earlier events are in the company report.
Frequently asked questions
Magcore Lamination (India) is an active private limited company based in Tumkur, Karnataka, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 17 July 1987 (39+ years old) and is registered under CIN U85110KA1987PTC008493.
Magcore Lamination (India) has 2 current directors:
- Vikram Kumar Bhansali - Managing Director
- Babulal Parasmal Bhansali - Director
The latest financial statements of Magcore Lamination (India) 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 Magcore Lamination (India) is 29AAACN6360R1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Magcore Lamination (India) is U85110KA1987PTC008493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magcore Lamination (India) has 21 court cases on record: 9 filed by the company and 12 filed against it. 5 are pending. Most are in the district courts.
Magcore Lamination (India) was incorporated on 17 July 1987, making it 39+ years old. It is registered with the Registrar of Companies, Bangalore.
Magcore Lamination (India) has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.85 Cr; the latest was in January 2018.
The peers of Magcore Lamination (India) by revenue are Synergy Green Industries Limited, Ashley Alteams India Limited, Sudisa Foundry Private Limited, PTC Industries Limited, Sage Metals Private Limited and 2 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Vikram Kumar Bhansali ceased to be Director on 09 Apr 2025. Pinky Bhansali ceased to be Director on 31 Dec 2019. Umadevi Bhansali ceased to be Director on 31 Dec 2019. Magcore Lamination (India) has 7 board changes on record in total.
Magcore Lamination (India) can be reached through the website magcore.in. Its registered office is in Tumkur, Karnataka, India.