Startup India Government of India
Master Wealthmax Private Limited
Master Wealthmax Private Limited - business services in Mumbai, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2019
₹2.42 Lakh
▼ 61% YoY
Net loss · FY 2019
₹10,197
Net margin -4.2%
EBITDA · FY 2019
-₹10,197
EBITDA margin -4.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Last financials
Mar 2019
Balance sheet date
About Master Wealthmax Private Limited
Data last updated:
Master Wealthmax Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 21 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC294166.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Madhuri Vijay Jethwa and Vijay Mukesh Jethwa.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Office No. 2 Shubhlaxmi Shopping Centre 1st Floor Poddar Park Malad East, Mumbai, Maharashtra, India – 400097.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.42 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹10,197 (net margin -4.2%) and EBITDA of -₹10,197 (EBITDA margin -4.2%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999MH2017PTC294166
Registration Number 294166
Incorporation Date 21 April 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Master Wealthmax
Contact details
Master Wealthmax Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressOffice No. 2 Shubhlaxmi Shopping Centre 1st Floor Poddar Park Malad East, Mumbai, Maharashtra, India – 400097
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
Comprehensive company report
Master Wealthmax 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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Business activity
The main business activity of Master Wealthmax is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Master Wealthmax Private Limited, buy the company report.
Financials of Master Wealthmax Private Limited
FY 2019 filings availableMaster Wealthmax Private Limited reported revenue of ₹2.42 Lakh (down 61% YoY) for FY 2019.
Revenue · FY 2019
₹2.42 Lakh ▼ 61%
Net loss · FY 2019
₹10,197 margin -4.2%
EBITDA · FY 2019
-₹10,197 margin -4.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 61%
EBITDA CAGR growth
1 year
▲ 60%
Revenue fell 61% in the latest year. EBITDA rose 60% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹10,197 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹10,197 | |
| 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
| Metrics | FY 2018-19 | FY 2017-18 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -4.2% | |
| Net Profit Margin | -4.2% | |
| 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 Master Wealthmax Private Limited, buy the company report.
Board of directors of Master Wealthmax Private Limited
Master Wealthmax has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhuri Vijay Jethwa | Director | 21 Apr 2017 | 9 Years 6 Months | Current |
| Vijay Mukesh Jethwa | Director | 21 Apr 2017 | 9 Years 6 Months | Current |
Peer comparison
Master Wealthmax Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Todi Investors (India) Pvt Ltd | ₹2.43 Lakh (FY 2018) | -58.0% | Kolkata, West Bengal, India | |||
| Pushp Raj Nidhi Limited | ₹2.43 Lakh (FY 2022) | 63021.0% | Bharatpur, Rajasthan, India | |||
| Oachira New Diamond Chits Private Limited | ₹2.43 Lakh (FY 2025) | -26.0% | Karunagappally, Kerala, India | |||
| NGR Enterprise Chit Funds Private Limited | ₹2.42 Lakh (FY 2020) | Bangeluru, Karnataka, India | ||||
| Pirannal Kuries Private Limited | ₹2.42 Lakh (FY 2024) | -29.0% | Thrissur, Kerala, India | |||
| Master Wealthmax Private Limitedthis company | ₹2.42 Lakh (FY 2019) | -₹10,197 | -4.2% | -61.0% | Mumbai, Maharashtra, India | |
| Elinjipra Chits Private Limited | ₹2.42 Lakh (FY 2025) | -42.0% | Elinjipra, Kerala, India | |||
| Samagrashakti Nidhi Limited | ₹2.42 Lakh (FY 2024) | -92.0% | Mirzapur, Uttar Pradesh, India | |||
| Shine Vision Producer Company Limited | ₹2.42 Lakh (FY 2018) | 30.0% | Aligarh, Uttar Pradesh, India | |||
| Pallawi Investments Pvt Ltd | ₹2.42 Lakh (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Gurudeepam Kuries Private Limited | ₹2.41 Lakh (FY 2022) | -35.0% | Thrissur, Kerala, India |
To see the full peer comparison of Master Wealthmax Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Master Wealthmax Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Master Wealthmax Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Master Wealthmax Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Master Wealthmax Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Vishal Babubhai Solanki ceased to be Director on 01 Dec 2017.
AGM
Master Wealthmax Private Limited last Annual general meeting of members was held on 28 Sep 2019 as per latest MCA records.
Filing
Master Wealthmax Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai I.
Ceased
Vishal Babubhai Solanki ceased to be Director.
Appointed
Madhuri Vijay Jethwa was appointed as Director.
Appointed
Vijay Mukesh Jethwa was appointed as Director.
Incorporation
21 Apr 2017
Master Wealthmax Private Limited was registered on 21 Apr 2017 with Roc Mumbai I & aged 9 years 6 months as per MCA records.
Frequently asked questions
Master Wealthmax is an active private limited company based in Mumbai, Maharashtra, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 21 April 2017 (9+ years old) and is registered under CIN U74999MH2017PTC294166.
Master Wealthmax has 2 current directors:
- Madhuri Vijay Jethwa - Director
- Vijay Mukesh Jethwa - Director
The latest financial statements of Master Wealthmax on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Master Wealthmax is U74999MH2017PTC294166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Wealthmax was incorporated on 21 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Master Wealthmax by revenue are Todi Investors (India) Pvt Ltd, Pushp Raj Nidhi Limited, Oachira New Diamond Chits Private Limited, NGR Enterprise Chit Funds Private Limited, Pirannal Kuries Private Limited and 5 more, all in the same principal business activity (other financial activities).
Vishal Babubhai Solanki ceased to be Director on 01 Dec 2017. Madhuri Vijay Jethwa was appointed as Director on 21 Apr 2017. Vijay Mukesh Jethwa was appointed as Director on 21 Apr 2017.
Yes, Master Wealthmax is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Master Wealthmax is at Office No. 2 Shubhlaxmi Shopping Centre 1st Floor Poddar Park Malad East, Mumbai, Maharashtra, India – 400097.
Master Wealthmax operates in the business services industry, in the miscellaneous business activities segment.
The compliance status of Master Wealthmax is compliant as of 18 July 2026. The company is actively filing with the Registrar of Companies.