Magnetic Information Technology Limited
About Magnetic Information Technology Limited
Data last updated:
Magnetic Information Technology Limited is a public limited company based in Ropar, Punjab, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 August 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U32109PB1982PLC005068. Its GSTIN is 03AACCM7871J1ZA (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹82 Lakh. It was formerly known as Alfa Peripherals Limited. It is led by directors including Pawitter Singh Sidhu (Managing Director) and Satinder Dhawan (Whole-Time Director).
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 B 100 Phase Viisas Nagar Mohali, Ropar, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.12 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹59.72 Lakh (net margin 53.1%) and EBITDA of ₹80.85 Lakh (EBITDA margin 71.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
As per MCA filings, the company has open charges of ₹1.94 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Magnetic Information Technology has one previous CIN (Corporate Identification Number): L32109PB1982PLC005068. The current CIN is U32109PB1982PLC005068, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109PB1982PLC005068 | Current |
| L32109PB1982PLC005068 | Previous |
Contact details
Magnetic Information Technology Limited's registered office is in Ropar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB 100 Phase Viisas Nagar Mohali, Ropar, Punjab, India
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Magnetic Information Technology 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
Financials of Magnetic Information Technology Limited
FY 2025 filings availableMagnetic Information Technology Limited reported revenue of ₹1.12 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 662% 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 | ₹80.85 Lakh | ||||
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| Net Profit (PAT) | ₹59.72 Lakh | ||||
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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 | 71.9% | ||||
| Net Profit Margin | 53.1% | ||||
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To see the full financial statements and ratios of Magnetic Information Technology Limited, buy the company report.
Board of directors of Magnetic Information Technology Limited
Magnetic Information Technology has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harninder Singh Gill Also directs: Mitgart India Ltd, Gilson Industries Private Limited | Director | 03 Mar 2018 | 8 Years 8 Months | Current |
| Satinder Dhawan Also directs: Mitgart India Ltd, Mehfil Hospitality Limited | Whole-Time Director | 16 Aug 2016 | 10 Years 2 Months | Current |
| Sumeet Singh Sidhu | Director | 16 Mar 2002 | 24 Years 7 Months | Current |
| Rubina Sidhu Also directs: Mitgart India Ltd, Sahib Tradelinks Private Limited | Director | 27 Jun 2020 | 6 Years 4 Months | Current |
| Pawitter Singh Sidhu Also directs: Mitgart India Ltd | Managing Director | 29 Jun 1983 | 43 Years 4 Months | Current |
Peer comparison
Magnetic Information Technology Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Plant 2 PC Engineering Solutions Private Limited | ₹1.13 Cr (FY 2025) | -33.0% | Chennai, Tamil Nadu, India | |||
| Asiawebguru Private Limited | ₹1.13 Cr (FY 2023) | 123.0% | Delhi, India | |||
| Unic Software Technology Private Limited | ₹1.13 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India | |||
| Techmax Technologies Private Limited | ₹1.13 Cr (FY 2025) | 35.0% | Kochi, Kerala, India | |||
| Kasper Consulting Private Limited | ₹1.13 Cr (FY 2024) | -68.0% | New Delhi, Delhi, India | |||
| Magnetic Information Technology Limitedthis company | ₹1.12 Cr (FY 2025) | ₹59.72 Lakh | 53.1% | -1.0% | Ropar, Punjab, India | |
| Trident Analytical Solutions Private Limited | ₹1.12 Cr (FY 2025) | -5.0% | Kanpur, Uttar Pradesh, India | |||
| Rejuvenating Wellness Hideaways Private Limited | ₹1.12 Cr (FY 2025) | 187.0% | Bengaluru, Karnataka, India | |||
| SPK Workforce24 Technologies Private Limited | ₹1.12 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India | |||
| Ashoka Solar Energy Private Limited | ₹1.12 Cr (FY 2025) | -79.0% | Nashik, Maharashtra, India | |||
| Quick Report Software Private Limited | ₹1.12 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India |
To see the full peer comparison of Magnetic Information Technology Limited, buy the company report.
Auditor
Magnetic Information Technology Limited is audited by MEHROTRA SHARMA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHROTRA SHARMA & ASSOCIATES | FY 2021 | 002627N |
Shareholding
The shareholding of Magnetic Information Technology Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnetic Information Technology Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 1987 | 90176966 | State Bank of India | ₹46.25 Lakh | Open | |
| 01 Apr 1987 | 90176938 | Industrial Finance Corporation of India | ₹31.5 Lakh | Open | |
| 23 May 1986 | 90176886 | State Bank of India | ₹20 Lakh | Open | |
| 11 May 1984 | 90183587 | Punjab Financial Corporation | ₹30 Lakh | Open | |
| 02 May 1984 | 90176794 | State Bank of India | ₹6 Lakh | Open |
To see the full charge records of Magnetic Information Technology Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Magnetic Information Technology Limited has 2 court cases on record: 1 filed by Magnetic Information Technology, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHANDIGARH (UT) | Appeal | Filed by the company against M/S Punjab Recorders Limited | Disposed |
| High Court, PUNJAB | Revision petition | Filed against the company by an individual | Disposed |
To see the full case history of Magnetic Information Technology 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 Magnetic Information Technology Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magnetic Information Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCM7871J1ZA | Punjab | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Magnetic Information Technology Limited, buy the company report.
Recent activity
Magnetic Information Technology Limited has 12 board changes on record since 1983: 5 appointments and 7 cessations. The latest: Rubina Sidhu ceased to be Additional Director on 30 Dec 2020.
12 earlier events are in the company report.
Frequently asked questions
Magnetic Information Technology is an active public limited company based in Ropar, Punjab, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 August 1982 (44+ years old) and is registered under CIN U32109PB1982PLC005068.
Magnetic Information Technology has 5 current directors:
- Pawitter Singh Sidhu - Managing Director
- Satinder Dhawan - Whole-Time Director
- Harninder Singh Gill - Director
- Sumeet Singh Sidhu - Director
- Rubina Sidhu - Director
The latest financial statements of Magnetic Information Technology 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 Magnetic Information Technology is 03AACCM7871J1ZA, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Magnetic Information Technology is U32109PB1982PLC005068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnetic Information Technology has 2 court cases on record: 1 filed by the company and 1 filed against it.
Magnetic Information Technology was incorporated on 10 August 1982, making it 44+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Magnetic Information Technology by revenue are Plant 2 PC Engineering Solutions Private Limited, Asiawebguru Private Limited, Unic Software Technology Private Limited, Techmax Technologies Private Limited, Kasper Consulting Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Rubina Sidhu ceased to be Additional Director on 30 Dec 2020. Rubina Sidhu was appointed as Director on 27 Jun 2020. Harinder Kaur Gill ceased to be Whole-Time Director on 09 Dec 2019. Magnetic Information Technology has 12 board changes on record in total.
The registered office of Magnetic Information Technology is at B 100 Phase Viisas Nagar Mohali, Ropar, Punjab, India.
Magnetic Information Technology operates in the information technology industry, in the IT consulting and support services segment.
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