Multifunctional Magnetic Drilling Machine is designed for cutting holes in a range of up to 76mm diameter and drilling holes up to 32mm diameter. The Magnetic Drilling Machine is facilitated with semi-automatic gib backlash adjustment. The Magnetic Drilling Machine is provided with motor overload protection system. Multifunctional Magnetic Drilling Machine is fitted with a mechanical gear box that functions in 4 speed ranges like 120 RPM, 160 RPM, 310 RPM or 410 RPM.