MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-HR-03-0040289
Underground Magnetics Private Limited - machinery and equipment in Suraj Kund, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹26.27 Cr
▲ 2% YoY
Net profit · FY 2025
₹3.26 Cr
Net margin 12.4%
EBITDA · FY 2025
₹5.07 Cr
EBITDA margin 19.3%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Underground Magnetics Private Limited
Data last updated:
Underground Magnetics Private Limited is a foreign private limited company based in Suraj Kund, Haryana, India, a subsidiary of Gl Underground Limited. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 28 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2016FTC065935. Its GSTIN is 06AABCU9890J1ZQ (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10 Cr. It is led by directors Rajeev Gupta (Managing Director) and Michael David Young.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 501 & 506 5th Floor The Pinnacle Business Tower Shooting Range Road, Suraj Kund, Haryana, India – 121009.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.27 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹3.26 Cr (net margin 12.4%) and EBITDA of ₹5.07 Cr (EBITDA margin 19.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 15% over five years.
The company is associated with 1 brand: Underground Magnetics. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Underground Magnetics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-03-0040289). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website undergroundmagnetics.co.in.
Company details
CIN U74999HR2016FTC065935
Registration Number 065935
Incorporation Date 28 September 2016
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Gl Underground Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-HR-03-0040289
Recognitions & Rankings of Underground Magnetics
Contact details
Underground Magnetics Private Limited's registered office is in Suraj Kund, Haryana. Its website is undergroundmagnetics.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address501 & 506 5th Floor The Pinnacle Business Tower Shooting Range Road, Suraj Kund, Haryana, India – 121009
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Underground Magnetics Private Limited, buy the company report.
Comprehensive company report
Underground Magnetics 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
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Brands
Underground Magnetics operates one associated brand: Underground Magnetics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HDD locating systems and magnetic guidance are provided for horizontal directional drilling and trenchless technology in India. | undergroundmagnetics.co.in |
Business activity
The main business activity of Underground Magnetics is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Underground Magnetics Private Limited, buy the company report.
Financials of Underground Magnetics Private Limited
FY 2024 filings availableUnderground Magnetics Private Limited reported revenue of ₹26.27 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹26.27 Cr ▲ 2%
Net profit · FY 2025
₹3.26 Cr margin 12.4%
EBITDA · FY 2025
₹5.07 Cr margin 19.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 12%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 7%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 2% growth in the latest year. EBITDA rose 10% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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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 | 19.3% | ||||
| Net Profit Margin | 12.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Underground Magnetics Private Limited, buy the company report.
Board of directors of Underground Magnetics Private Limited
Underground Magnetics has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Gupta | Managing Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Michael David Young | Director | 18 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Underground Magnetics Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vedanta Electricals Private Limited | ₹26.4 Cr (FY 2024) | -71.0% | Delhi, India | |||
| Saurabh Mechatech (India) Private Limited | ₹26.37 Cr (FY 2025) | -20.0% | Pune, Maharashtra, India | |||
| Underground Magnetics Private Limitedthis company | ₹26.27 Cr (FY 2025) | ₹3.26 Cr | 12.4% | 2.0% | Suraj Kund, Haryana, India | |
| Alex Machine Tools Private Limited | ₹26.27 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Underground Magnetics Private Limited, buy the company report.
Auditor
Underground Magnetics Private Limited is audited by SHYAM GOEL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHYAM GOEL & ASSOCIATES | FY 2023 | 011046N |
Shareholding
The shareholding of Underground Magnetics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Underground Magnetics Private Limited, buy the company report.
Legal cases
Underground Magnetics Private Limited has 1 court case on record: 1 filed by Underground Magnetics. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (C S) | Filed by the company against Municipal Corporation Faridabad and 1 other | Pending |
To see the full case history of Underground Magnetics 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
Underground Magnetics Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Underground Magnetics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Underground Magnetics has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCU9890J1ZQ | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Underground Magnetics Private Limited, buy the company report.
Recent activity
Underground Magnetics Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Jian Jin ceased to be Director on 31 Mar 2025.
Ceased
Jian Jin ceased to be Director.
AGM
Underground Magnetics Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Appointed
Rajeev Gupta was appointed as Managing Director.
Filing
Underground Magnetics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Michael David Young ceased to be Additional Director.
Appointed
Michael David Young was appointed as Director.
Ceased
Harsh Vardhan Bagaria ceased to be Director.
Ceased
Rajeev Gupta ceased to be Additional Director.
Appointed
Jian Jin was appointed as Director.
Incorporation
28 Sep 2016
Underground Magnetics Private Limited was registered on 28 Sep 2016 with Roc Delhi & aged 10 years 1 month as per MCA records.
Frequently asked questions
Underground Magnetics is an active foreign private limited company based in Suraj Kund, Haryana, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 28 September 2016 (10+ years old) and is registered under CIN U74999HR2016FTC065935.
Underground Magnetics has 2 current directors:
- Rajeev Gupta - Managing Director
- Michael David Young - Director
The latest financial statements of Underground Magnetics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Underground Magnetics is 06AABCU9890J1ZQ, registered in Haryana. 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 Underground Magnetics is U74999HR2016FTC065935. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Underground Magnetics has 1 court case on record: 1 filed by the company. 1 is pending.
Underground Magnetics was incorporated on 28 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Underground Magnetics by revenue are Vedanta Electricals Private Limited, Saurabh Mechatech (India) Private Limited, Alex Machine Tools Private Limited, all in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Jian Jin ceased to be Director on 31 Mar 2025. Rajeev Gupta was appointed as Managing Director on 01 Apr 2024. Michael David Young ceased to be Additional Director on 30 Sep 2022. Underground Magnetics has 7 board changes on record in total.
Yes, Underground Magnetics is registered as a small enterprise under Udyam registration (number: UDYAM-HR-03-0040289).
Underground Magnetics has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 29 May 2019.
Underground Magnetics can be reached through the website undergroundmagnetics.co.in. Its registered office is in Suraj Kund, Haryana, India.
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