About Netmagic Solutions Private Limited
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Netmagic Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ntt Limited. It operates in the database management and solutions segment of the technology and IT services sector. It was incorporated on 30 July 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73900MH1998PTC116053. Its GSTIN is 27AABCN1254B1Z0 (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹43.14 Cr. It is led by directors including Yogesh Martand Vaidya and Shekhar Sharma.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Lighthall 'C' Wing Hiranandani Business Park Saki Vihar Road Chandivali, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,324.82 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹108.9 Cr (net margin 3.3%) and EBITDA of ₹1,385.83 Cr (EBITDA margin 41.7%).
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: ActOnCloud and Netmagic Solutions. As per MCA filings, the company has open charges of ₹3.2 Cr and satisfied charges of ₹15 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it; 1 case is pending. The company has 11 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹692.77 Cr; the latest was in February 2021. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 346 overdue payments to 46 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website netmagicsolutions.com.
Company details
Contact details
Netmagic Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is netmagicsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLighthall 'C' Wing Hiranandani Business Park Saki Vihar Road Chandivali, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, Database Management & Solutions, IT Consulting & Support Services
To see the full contact details of Netmagic Solutions 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
Netmagic Solutions operates two associated brands: ActOnCloud and Netmagic Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud platform for customer analytics and churn reduction is provided. | actoncloud.com | |
| Data center colocation and cloud infrastructure services are provided. | netmagicsolutions.com |
Business activity
The main business activity of Netmagic Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Netmagic Solutions Private Limited, buy the company report.
Financials of Netmagic Solutions Private Limited
FY 2025 filings availableNetmagic Solutions Private Limited reported revenue of ₹3,324.82 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year. EBITDA rose 29% in the latest 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 | ₹1,385.83 Cr | ||||
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| Net Profit (PAT) | ₹108.9 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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| EBITDA Margin | 41.7% | ||||
| Net Profit Margin | 3.3% | ||||
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To see the full financial statements and ratios of Netmagic Solutions Private Limited, buy the company report.
Board of directors of Netmagic Solutions Private Limited
Netmagic Solutions has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Moiz Mohd Husain Vaswadawala Also directs: NTT Global Data Centers Del2 Private Limited | Additional Director | 01 May 2026 | 0 Years 5 Months | Current |
| Yogesh Martand Vaidya | Director | 23 Mar 2018 | 8 Years 7 Months | Current |
| Shekhar Sharma | Director | 06 Feb 2019 | 7 Years 8 Months | Current |
| Vimal Jyoti Kaw Also directs: NTT Global Data Centers Del2 Private Limited | Additional Director | 01 May 2026 | 0 Years 5 Months | Current |
Auditor
Netmagic Solutions Private Limited is audited by SUDIT K. PAREKH & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDIT K. PAREKH & CO LLP | FY 2024 | 110512W |
Shareholding
The shareholding of Netmagic Solutions 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 Netmagic Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2023 | 100702186 | Others | ₹3.2 Cr | Open | |
| 29 Sep 2021 | 100491767 | Hdfc Bank Limited | ₹1 Cr | Satisfied | |
| 28 Mar 2016 | 100022009 | Others | ₹8 Cr | Satisfied | |
| 30 Jan 2008 | 10088972 | Axis Bank Limited | ₹6 Cr | Satisfied |
To see the full charge records of Netmagic Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Netmagic Solutions Private Limited has 11 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹692.77 Cr; the latest was in February 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Ntt Limited & Ntt India Solutions Private Limited, NTT Limited Seller: Ntt Communications Corporation, NTT Communications Corporation & NTT Communications India Private Limited |
| Jul 2017 | Rights issue | ₹940 Cr | Investors: Ntt Communications Corporation |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Ntt Communications Corporation Seller: an individual |
| Oct 2014 | Funding round | ₹575 Cr | Investors: Ntt Communications Corporation |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Netmagic Solutions 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
Netmagic Solutions Private Limited has 14 court cases on record: 9 filed by Netmagic Solutions, 5 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 4 | 0 |
| District courts | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed by the company against Purplestream Convergence Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Purplestream Convergence Pvt Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Junction 96 Digital Services Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against Ms.Netpilgrim.Com India P. Ltd. and 1 other | Disposed |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Union of India Through Secretary Sanchar Bhawan, 20 Ashoka Road, New Delhi , , Delhi | Pending |
To see the full case history of Netmagic Solutions 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
Netmagic Solutions Private Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 346 overdue payments to 46 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 46)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| JHS & Associates LLP | |||
| Mahendra Tiwari & Co | |||
| Compass IT Solutions and Services Private Limited | |||
| Censeo Tours Private Limited |
To see the full MSME payment records of Netmagic Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Netmagic Solutions has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| NTT Global Data Centers & Cloud Infrastructure India Private Limited | U72900MH2005PTC153896 |
To see the full group structure of Netmagic Solutions Private Limited, buy the company report.
Employees & EPFO
Netmagic Solutions Private Limited has a workforce of 26 employees on its EPFO records as of Dec 17, 2024, across 1 active EPFO establishment.
GST
Netmagic Solutions has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN1254B1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCN1254B2ZZ | Maharashtra | Active | 11 Nov 2017 |
| 07AABCN1254B1Z2 | Delhi | Active | 01 Jul 2017 |
| 09AABCN1254B1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Netmagic Solutions Private Limited, buy the company report.
Recent activity
Netmagic Solutions Private Limited has 26 board changes on record since 2007: 4 appointments and 22 cessations. The latest: Moiz Mohd Husain Vaswadawala was appointed as Additional Director on 01 May 2026.
26 earlier events are in the company report.
News
Frequently asked questions
Netmagic Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in database management and solutions, within the information technology industry. It was incorporated on 30 July 1998 (28+ years old) and is registered under CIN U73900MH1998PTC116053.
Netmagic Solutions has 4 current directors:
- Moiz Mohd Husain Vaswadawala - Additional Director
- Yogesh Martand Vaidya - Director
- Shekhar Sharma - Director
- Vimal Jyoti Kaw - Additional Director
The latest financial statements of Netmagic Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Netmagic Solutions is 27AABCN1254B1Z0, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 27AABCN1254B2ZZ (Maharashtra), 07AABCN1254B1Z2 (Delhi), 09AABCN1254B1ZY (Uttar Pradesh).
The CIN (Corporate Identification Number) of Netmagic Solutions is U73900MH1998PTC116053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netmagic Solutions has 14 court cases on record: 9 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Netmagic Solutions was incorporated on 30 July 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Netmagic Solutions has 11 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹692.77 Cr; the latest was in February 2021.
Moiz Mohd Husain Vaswadawala was appointed as Additional Director on 01 May 2026. Vimal Jyoti Kaw was appointed as Additional Director on 01 May 2026. Alok Bajpai ceased to be Additional Director on 24 Sep 2024. Netmagic Solutions has 26 board changes on record in total.
Netmagic Solutions has 17 MSME Form 1 returns on record between 2019 and 2024, listing 346 overdue payments to 46 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Netmagic Solutions can be reached through the website netmagicsolutions.com. Its registered office is in Mumbai, Maharashtra, India.