Permanent Magnets Limited - Company Profile

It is a machinery and equipment public limited company based in Silvassa, Dadra & Nagar Haveli, India, established in 1960.

1960 Silvassa, Dadra & Nagar Haveli, India Active

Last Updated: December 15, 2025

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About Permanent Magnets Limited

Permanent Magnets Limited, a active public limited company, was established on 26 November 1960 in Silvassa, Dadra & Nagar Haveli, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: L27100DN1960PLC000371. Registered under ROC Roc Ahmedabad. it is listed on BSE: 504132. It has an authorized capital of ₹26.00 Cr and a paid-up capital of ₹8.60 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹188.19 Cr and a net worth of ₹110.95 Cr. Employing 143 professional, Its leadership includes Nirmal Kumar Jain (Director), Mukul Taparia (Director), Kamal Binani (Director). Past directors included Rajeev Jugalkishor Mundra, Pawan Girdharilal Agrawal, Kamal Binani. It holds ₹38.65 Cr open charges and ₹67.88 Cr settled loans. Its latest AGM occurred on 07 August 2025, with the balance sheet filed on 31 March 2025. It is based at Harsh Avenue, 302, 3Rd Floor Opp Silvassa Police Station, Silvassa Va, Pi Main Rd, Silvassa, Dadra & Nagar Haveli, 396230.

Company Details

CIN/LLPIN
L27100DN1960PLC000371
Registration Number
000371
Incorporation Date
26 November 1960
Authorized Capital
₹26.00 Cr
Paid-Up Capital
₹8.60 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 504132)
Company Status
Active

Key Metrics

Authorised Capital ₹ 26.00 Cr as on 15-12-2025
Paid Up Capital ₹ 8.60 Cr as on 15-12-2025
Company Age 65 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 38.65 Cr as on 15-12-2025
Satisfied Charges ₹ 67.88 Cr as on 15-12-2025
Revenue Growth **** 41.22% (FY 2023)
Profit Growth **** 56.23% (FY 2023)
Ebitda **** 54.37% (FY 2023)
Net Worth 34.94% (FY 2023)
Total Assets **** 30.43% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Permanent Magnets Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Permanent Magnets Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nirmal Kumar Jain	Director	09 Aug 2024	Current
Mukul Taparia	Director	22 Sep 2014	Current
Kamal Binani	Director	26 Dec 2017	Current
Sunaina Taparia	Director	01 Apr 2015	Current
Girish Ramanlal Desai	Director	01 Jun 2020	Current
Sharadkumar Jaiprakash Taparia	Managing Director	15 May 2008	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	12 Aug 2024	Past
Pramod Abcsdd	Company Secretary	31 Mar 2012	Past
Pramod Abcsdd	Additional Director	28 Sep 2018	Past
Pramod Abcsdd	Director	30 Nov 2017	Past
Pramod Abcsdd	Additional Director	29 Sep 2015	Past
Pramod Abcsdd	Managing Director	30 Mar 2011	Past

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Financial Performance of Permanent Magnets.

Permanent Magnets Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41.22% increase. The company also saw a substantial improvement in profitability, with a 56.23% increase in profit. The company's net worth Soared by an impressive increase of 34.94%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

41.22%

*******

Revenue from Operations

*******

41.10%

*******

Total Assets

*******

30.43%

*******

Profit or Loss

*******

56.23%

*******

Net Worth

*******

34.94%

*******

EBITDA

*******

54.37%

*******

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What is the Ownership and Shareholding Structure of Permanent Magnets?

In 2023, Permanent Magnets had a promoter holding of 58.00% and a public holding of 41.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹386,495,292.00

Satisfied Charges

₹678,767,000.00

Charges Breakdown by Lending Institutions

Others : 24.45 Cr
State Bank Of India : 13.61 Cr
Bank Of India : 0.40 Cr
The United Commercial Bank Ltd. : 0.10 Cr
Mahindra And Mahindra Financial Services Limited : 0.06 Cr
Others : 0.03 Cr

Latest Charge Details

Date	Lender	Amount	Status
07 Aug 2025	Others	₹2.45 M	Open
27 Jun 2025	State Bank Of India	₹2.41 Cr	Open
20 Jun 2025	Others	₹1.53 M	Open
20 Jun 2025	Others	₹1.53 M	Open
08 Nov 2023	State Bank Of India	₹4.70 Cr	Open

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How Many Employees Work at Permanent Magnets?

Permanent Magnets has a workforce of 143 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Permanent Magnets, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Permanent Magnets's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Permanent Magnets

Recent Activity within the Organization

Charges

Progress on A charge with Others amounted to Rs. 0.25 Cr with Charge ID 101137221 was registered on 07 Aug 2025. was documented.
07 Aug 2025
Annual General Meeting

Permanent Magnets Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records. was recorded as a recent event.
07 Aug 2025
Charges

A charge with State Bank Of India amounted to Rs. 2.41 Cr with Charge ID 101124017 was registered on 27 Jun 2025. was recorded as a recent event.
27 Jun 2025
Charges

The activity A charge with Others amounted to Rs. 0.15 Cr with Charge ID 101118938 was registered on 20 Jun 2025. was completed.
20 Jun 2025
Charges

The activity A charge with Others amounted to Rs. 0.15 Cr with Charge ID 101118438 was registered on 20 Jun 2025. was completed.
20 Jun 2025
Balance Sheet

Progress on Permanent Magnets Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was documented.
31 Mar 2025

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