About
Basic Data Updated:
26 days agoThe business of manufacturing alnico magnets, magnetic assemblies, hi-permeability magnetic components and accessories of electricity meters is carried out by Permanent Magnets Limited. The products of PML are widely used in various industries such as electronics, electricity meters, automobile, telecommunication, defense, space research, aeronautics, railways and electricity generation. The company's manufacturing facility is situated in Mira Road (Mumbai). PML has established technical collaborations with Melexis (Switzerland) and Maglab (Switzerland). Initially, the company commenced its operations in Borivali, Mumbai with the production of Alnico magnets and later expanded to manufacture technically advanced hi-permeability magnets. PML exports its products to different countries including Europe, USA, Australia, South America, South East Asia, Egypt, and Malaysia. The company holds ISO 9001:2015 and AS 9100:2016 certifications.
Industry
Company Details
- Location
Valsad, Gujarat, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | L27100DN1960PLC000371 |
| Company No. | 000371 |
| Stock Symbol | BSE : 504132 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 26 Nov 1960 |
| Date of AGM | 31 Aug 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Listed |
| ROC Code | Roc Ahmedabad |
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Financials of Permanent Magnets Limited
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%.
Corporate Structure
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People in Permanent Magnets Limited
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Executive Team (3)
Sharadkumar Taparia
Managing DirectorAppointment Date: 15-May-2008
Status: Current
SJ
Sukhmal Jain CFOAppointment Date: 12-Aug-2014
Status: Current
RR
Rachana Rane Company SecretaryAppointment Date: 30-Mar-2017
Status: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 08 Nov 2023 | ₹4.70 Cr | Open |
State Bank Of India Creation Date: 03 Dec 2022 | ₹6.50 Cr | Open |
Mahindra And Mahindra Financial Services Limited Creation Date: 02 Jan 2014 | ₹0.62 M | Open |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
Pregna International Limited
Active
30 years 8 months Rajeev Mundra, Mukul Taparia and 1 more are mutual person
Recent activity within the organization
Charges
A charge with State Bank Of India amounted to Rs. 4.70 cr with Charge ID 100809003 was registered on 08 Nov 2023.
08 Nov 2023Annual General Meeting
Permanent Magnets Limited last Annual general meeting of members was held on 31 Aug 2023 as per latest MCA records.
31 Aug 2023Balance Sheet
Permanent Magnets Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
31 Mar 2023Charges
A charge with State Bank Of India amounted to Rs. 6.50 cr with Charge ID 100650200 was registered on 03 Dec 2022.
03 Dec 2022Charges
A charge registered on 23 Apr 1996 via Charge ID 80021499 with Centralbankofindia was fully satisfied on 12 Oct 2022.
12 Oct 2022
Recent News, Updates & Announcement
Permanent Magnets appoints Kamal Binani as director.We kindly want to inform you that the appointment of Shri Kamal Binani as an Additional Director designated as Independent Director of the Company with effect from December 26 2017.
Moneycontrol 26 Dec 2017
Frequently asked questions
What is the Incorporation or founding date of Permanent Magnets Limited?
