When was Magicrete founded?

Magicrete was founded in 2008 and raised its 1st funding round 2 years after it was founded.

Where is Magicrete located?

Magicrete is headquartered in Surat, India. It is registered at Unit No. 401, 4th Floor, Sunil Enclave, Pereira Hill Road, Andheri Kurla Road, Andheri E, ast, Mumbai City, Mumbai, Maharashtra, India, 400099.

Which legal entities is Magicrete associated with?

Magicrete is associated with MAGICRETE BUILDING SOLUTIONS PRIVATE LIMITED and 4 others.

How many employees does Magicrete have?

As of Aug 31, 2026, the latest employee count at Magicrete is 559.

Is Magicrete a funded company?

Magicrete is a funded company, having raised a total of $18.1M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 25, 2010.

How much is Magicrete worth?

The latest valuation of Magicrete is $***** as of Feb 04, 2023.

When was the latest funding round of Magicrete?

Magicrete's latest funding was a $***** Seed round on Feb 04, 2023, with participation from 3 investors.

What is the annual revenue of Magicrete?

Annual revenue of Magicrete is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Magicrete rank among its competitors?

Magicrete ranks 4th amongst 13204 active competitors, of which 67 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was DuPont, which secured $790K in Feb, 2025.

Who are the top competitors of Magicrete?

Magicrete's top competitors include CRH, DuPont and CEMEX. Among them, DuPont secured the most recent funding round in February, 2025.

Magicrete - 2026 Company Profile, Team, Funding, Competitors & Financials

Magicrete is a seed company based in Surat (India), founded in 2008 by Puneet Mittal, Sourabh Bansal and Sidharth Bimal Bansal. It operates as a Manufacturer of AAC blocks, construction chemicals, and precast construction solutions. Magicrete has raised $18.1M in funding from investors like India SME Investments, Build Con Finance and Sneha Residency, with a current valuation of $*****. The company has 13204 active competitors, including 67 funded and 1140 that have exited. Its top competitors include companies like CRH, DuPont and CEMEX.

Company Details

Manufacturer of AAC blocks, construction chemicals, and precast construction solutions. It offers a wide range of products, include AAC wall panels, dry mix mortars, Tile Adhesive & Grout, Cleaners, waterproofing products, Block Jointing Mortar, Ready Mix & Gypsum plaster, and wall putty.

Website: www.magicrete.in/
Social
Email ID: *****@magicrete.in
Phone Number: +91 **********
Registered Address: Unit No. 401, 4th Floor, Sunil Enclave, Pereira Hill Road, Andheri Kurla Road, Andheri E, ast, Mumbai City, Mumbai, Maharashtra, India, 400099

Key Metrics

Founded Year

2008

Location

Surat, India

Stage

Seed

Total Funding

$18.1M in 7 rounds

Latest Funding Round

Seed, Feb 04, 2023, $*****

Post Money Valuation

$***** as on Feb 04, 2023

Investors

India SME Investments & 55 more

Ranked

4^th among 13204 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

559 as on Aug 31, 2026

Investment & Acquisitions

Maxlite

Similar Companies

CRH & 13638 more

View Magicrete's full profile

Magicrete is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Sgc Magicrete Llp CIN: AAQ-7260 , India, Active	Oct 04, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	4 (As on Apr 30, 2025)
MAGICATE LTD CIN: 13348014 , United Kingdom, Active	Apr 19, 2021	£0 - £1M (As on Apr 30, 2022)	2 (As on Apr 30, 2022)
MAGICRETE CHEMICAL INDUSTRIES PRIVATE LIMITED CIN: U26990GJ2022PTC131371 , India, Active	Apr 25, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	17 (As on Apr 30, 2025)
MAGICRETE CONSTRUCTION TECHNOLOGIES PRIVATE LIMITED CIN: U45500MH2016PTC282080 , India, Active	Jun 06, 2016	0 - ₹10 Cr (As on Mar 31, 2017)	-
MAGICRETE BUILDING SOLUTIONS PRIVATE LIMITED CIN: U26931MH2008PTC243333 , India, Active	Apr 24, 2008	₹100 - ₹500 Cr (As on Mar 31, 2025)	-

Magicrete has raised a total funding of $18.1M over 7 rounds. Its first funding round was on Mar 25, 2010. Its latest funding round was a Seed round on Feb 04, 2023 for $*****. 3 investors participated in its latest round. Magicrete has 25 institutional investors and 31 angel investors.

Here is the list of recent funding rounds of Magicrete:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 04, 2023	4263436	Seed	1156778	6932323	2451110	5995848
Jan 12, 2023	4746473	Angel	2607127	9042046	2211376	Sunita Poddar & 10 more
Jun 06, 2017	5112912	Angel	3651237	6421919	Rajesh Poddar	Pankaj Roongta & 4 more

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View details of Magicrete's funding rounds and investors

The founders of Magicrete are Puneet Mittal, Sourabh Bansal and Sidharth Bimal Bansal.

Here are the details of Magicrete's key team members:

Puneet Mittal: Co-Founder of Magicrete. They are also an angel investor in 8 startups and serve on the board of 1 company.
Contact Info: 1 email address
Sourabh Bansal: Co-Founder & Managing Director of Magicrete. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Sidharth Bimal Bansal: Co-Founder of Magicrete. They serve on the board of 1 company.
Contact Info: 1 email address

Magicrete's Board of Directors

Magicrete's board has 6 active members. Puneet Mittal, Sourabh Bansal, Prakash Bagla, Sidharth Bimal Bansal and Vinodkumar Chothmal Mittal are part of team and Sunilkumar Nandlal Roongta is independent board member.

Here is the list of Magicrete's board of directors:

Name	Type	Representing	Status	Duration
Puneet Mittal	Team	-	Current	14y 1m
Sourabh Bansal	Team	-	Current	18y 4m
Sidharth Bimal Bansal	Team	-	Current	18y 4m
Vinodkumar Chothmal Mittal	Team	-	Current	18y 3m
Prakash Bagla	Investor	Motilal Oswal Private Equity	Current	13y 5m
qvmmeqd	Investor	vaijjhx	Past	2y 5m
Sunilkumar Nandlal Roongta	Independent board member	-	Current	18y 3m

View details of Magicrete's Founder profiles and Board Members

Magicrete's employee count trend

Magicrete has 559 employees as of Aug 26. Here is Magicrete's employee count trend over the years:

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Top competitors of Magicrete include CRH, DuPont and CEMEX. Here is the list of Top 10 competitors of Magicrete, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CRH 1970, New York City (United States), Public	Manufacturer of diversified building materials	-	Cevian, Percival Participations & 1 others	73/100
2nd	DuPont 1802, Wilmington (United States), Acquired	Developer of chemical products, construction & packaging materials, and water solutions	-	Trian Partners, ngn-capital.com & 7 others	72/100
3rd	CEMEX 1906, Houston (United States), Public	Supplier of concrete, cement, and aggregate building materials	-	BNP Paribas, Citi & 10 others	71/100
4th	Magicrete 2008, Surat (India), Seed	Manufacturer of AAC blocks, construction chemicals, and precast construction solutions	$18.1M	Motilal Oswal, India SME Investments & 54 others	69/100
5th	Granite Construction 1922, Watsonville (United States), Public	Diversified infrastructure solutions provider specializing in construction and construction materials	-	-	67/100
6th	Kennametal 1938, Latrobe (United States), Public	Supplier of industrial tools and equipments	-	Military Health, Europa	66/100
7th	Heidelberg Materials 1874, Heidelberg (Germany), Public	Manufacturer of cement, aggregates, and mixed concrete	-	mzp.cz, Europa & 1 others	66/100
8th	Holcim 1912, Zug (Switzerland), Public	Manufacturer of cement, concrete, aggregates and construction-related services	-	Peotona Group Holdings, Europa	65/100
9th	Owens Corning 1938, Toledo (United States), Public	Manufacturer of roofing, insulation, and composite materials	-	Triodos Investment Management, Fuel Capital ... & 1 others	64/100
10th	US LBM 2009, Buffalo Grove (United States), Acquired	Manufacturer and supplier of hardware building products	$579M	RBC Royal Bank, UBS & 9 others	62/100

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Founders own 27.44%, Funds own 25.95%, Enterprises own 0.16% and Angels (largest shareholder) own 42.74%. The net worth of Magicrete's founders is INR 168Cr as of Feb 04, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	27.44%	168Cr	7048918	9198373	6008718	2440467
Sourabh Bansal	5629	6958	2909	7497	1909	5377
Puneet Mittal	7615	4816	6769	5492	4212	7092
Fund	25.95%	159Cr	9762010	6613020	4305082	6016835
India SME Investments	939	336	595	304	586	236
Enterprise	0.16%	1Cr	0	0	0	0
Angel	42.74%	262Cr	4015177	2205647	6888061	1288995
Rajesh Poddar	1619621	3795289	5328670	8699265	5690697	8977781
Sunita Poddar	6508820	2616635	3065641	2466091	1368229	4017210
Apoorva Poddar	4310137	8999199	1063665	5872843	3842929	9330646
Pankaj Roongta	98	27	69	17	10	52
Other People	-	6.64L	0	0	0	0
Other Investors	3.68%	22.5Cr	249	257	428	716
Total	99.97%	612Cr	4025232	1289841	3107232	3679652