Socialmagnet Innovations Private Limited

Socialmagnet Innovations Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U21003KA2017PTC108587 Incorporated 11 December 2017 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company business outsourcing DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2022
₹3.4 Cr
▲ 58% YoY
Net profit · FY 2022
₹6.07 Lakh
Net margin 1.8%
EBITDA · FY 2022
₹12.81 Lakh
EBITDA margin 3.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹95 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings

About Socialmagnet Innovations Private Limited

Data last updated:

Socialmagnet Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 11 December 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U21003KA2017PTC108587. Its GSTIN is 29AAZCS5788D1ZC (Karnataka).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Ramapura Narayanappa Srinivasa and Sharanagouda Patil Patil.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.9 P – 1 8th Main Road 8th Cross Malleshwaram, Bangalore, Karnataka, India – 560003.

As per the financials filed for FY 2022, the company reported a revenue of ₹3.4 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹6.07 Lakh (net margin 1.8%) and EBITDA of ₹12.81 Lakh (EBITDA margin 3.8%).

As per MCA filings, the company has open charges of ₹95 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.

Socialmagnet Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0059659). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U21003KA2017PTC108587
Registration Number 108587
Incorporation Date 11 December 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0059659

CIN history

Socialmagnet Innovations has one previous CIN (Corporate Identification Number): U74999KA2017PTC108587. The current CIN is U21003KA2017PTC108587, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U21003KA2017PTC108587Current
U74999KA2017PTC108587Previous
Key People
Ramapura Narayanappa Srinivasa Director Ajithkumar Koryaru Additional Director Sharanagouda Patil Patil Director

Recognitions & Rankings of Socialmagnet Innovations

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0059659

Contact details

Socialmagnet Innovations Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.

  • Email
  • Registered Address
    No.9 P – 1 8th Main Road 8th Cross Malleshwaram, Bangalore, Karnataka, India – 560003
  • Industry
    Business Outsourcing, Business & IT Consulting

To see the full contact details of Socialmagnet Innovations Private Limited, buy the company report.

Comprehensive company report
Socialmagnet Innovations Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Socialmagnet Innovations is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of Socialmagnet Innovations Private Limited, buy the company report.

Financials of Socialmagnet Innovations Private Limited

FY 2023 filings available

Socialmagnet Innovations Private Limited reported revenue of ₹3.4 Cr (up 58% YoY) for FY 2022.

Revenue · FY 2022
₹3.4 Cr ▲ 58%
Net profit · FY 2022
₹6.07 Lakh margin 1.8%
EBITDA · FY 2022
₹12.81 Lakh margin 3.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 58%
EBITDA CAGR growth
1 year
▲ 170%
3 years · compounded
▲ 280%

Revenue rose 58% in the latest year. EBITDA rose 170% 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations₹3.4 Cr
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹12.81 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹6.07 Lakh
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin3.8%
Net Profit Margin1.8%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Socialmagnet Innovations Private Limited, buy the company report.

Board of directors of Socialmagnet Innovations Private Limited

Socialmagnet Innovations has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ramapura Narayanappa Srinivasa
Also directs: Inventsense Private Limited
Director11 Dec 20178 Years 10 MonthsCurrent
Ajithkumar Koryaru
Also directs: As Infinity Ventures Private Limited, Jeeth Marketing Ventures Private Limited
Additional Director15 May 20224 Years 5 MonthsCurrent
Sharanagouda Patil Patil
Also directs: Inventsense Private Limited
Director11 Dec 20178 Years 10 MonthsCurrent
View all directors

Auditor

Socialmagnet Innovations Private Limited is audited by K P M S & ASSOCIATES for the financial year 2020.

Auditor firmFinancial yearFirm registration number
K P M S & ASSOCIATESFY 2020012090S

Shareholding

The shareholding of Socialmagnet Innovations Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Socialmagnet Innovations Private Limited, buy the company report.

Charges & borrowings

Open charges
₹95 Lakh
Satisfied charges
None
Breakdown by lending institutions
Others₹0.95 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Jan 2023100673314Others₹95 LakhOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Socialmagnet Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Socialmagnet Innovations has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAZCS5788D1ZCKarnatakaActive14 Aug 2018

To see the full GST registrations and return filing status of Socialmagnet Innovations Private Limited, buy the company report.

Recent activity

Socialmagnet Innovations Private Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Peddappaiah Suresh ceased to be Director on 14 Jun 2022.

AGM
Socialmagnet Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Socialmagnet Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 95.00 Lakh with Charge ID 100673314 was registered on 16 Jan 2023.
Ceased
Peddappaiah Suresh ceased to be Director.
Appointed
Ajithkumar Koryaru was appointed as Additional Director.
Ceased
Kolla Panduranga Nagaprakash ceased to be Director.
Ceased
Nagarahalli Narayanareddy Krishnareddy ceased to be Director.
Appointed
Ramapura Narayanappa Srinivasa was appointed as Director.
Appointed
Sharanagouda Patil Patil was appointed as Director.
Incorporation
11 Dec 2017
Socialmagnet Innovations Private Limited was registered on 11 Dec 2017 with Roc Bangalore & aged 8 years 10 months as per MCA records.

Frequently asked questions

Socialmagnet Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 11 December 2017 (9+ years old) and is registered under CIN U21003KA2017PTC108587.

Socialmagnet Innovations has 3 current directors:

The latest financial statements of Socialmagnet Innovations on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Socialmagnet Innovations is 29AAZCS5788D1ZC, registered in Karnataka.

The CIN (Corporate Identification Number) of Socialmagnet Innovations is U21003KA2017PTC108587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Socialmagnet Innovations has 1 court case on record: 1 filed by the company.

Socialmagnet Innovations was incorporated on 11 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.

Peddappaiah Suresh ceased to be Director on 14 Jun 2022. Ajithkumar Koryaru was appointed as Additional Director on 15 May 2022. Kolla Panduranga Nagaprakash ceased to be Director on 23 Feb 2021. Socialmagnet Innovations has 6 board changes on record in total.

Yes, Socialmagnet Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Socialmagnet Innovations is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0059659).