About Max India Limited
Data last updated:
Max India Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 01 January 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L85100MH2015PLC330122. Its GSTIN is 07AAFCT2098H1Z4 (Delhi). The company held 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 543223 and NSE: MAXIND.
The company had an authorised share capital of ₹60 Cr and a paid-up capital of ₹53.79 Cr. It was formerly known as Taurus Ventures Limited. It was led by directors including Mohit Talwar (Managing Director) and Narasimha Kummamuri.
Its last annual general meeting (AGM) was held on 02 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 167 Floor 1 Plot – 167 Ready Money Terrace Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2019, the company reported a revenue of ₹56.46 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹131.02 Cr (net margin -232%) and EBITDA of -₹35.69 Cr (EBITDA margin -63.2%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years.
Its group structure included 9 subsidiaries.
The company was associated with 2 brands: The Max Group and Max India. Court records list 97 cases involving the company, including 22 filed by the company and 75 filed against it; 4 cases are pending.
The last known website on record is maxindia.com.
Company details
Name history
Max India has undergone 2 name changes throughout its history. The company was previously known as Taurus Ventures Limited, and Max India Limited. The current legal name is Max India Limited.
| Company Name | Status |
|---|---|
| Max India Limited | Current |
| Taurus Ventures Limited | Previous |
CIN history
Max India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L85100MH2015PLC330122, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L85100MH2015PLC330122 | Current |
| U85100PB2015PLC039155 | Previous |
| L85100PB2015PLC039155 | Previous |
Contact details
Max India Limited's registered office is in Mumbai, Maharashtra. Its website is maxindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address167 Floor 1 Plot – 167 Ready Money Terrace Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Max India Limited, buy the company report.
- 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
Brands
Max India operates two associated brands: The Max Group and Max India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified insurance carrier | maxgroup.in | |
| Online platform for senior care and assisted living services | maxindia.com |
Financials of Max India Limited
FY 2019 filings availableMax India Limited reported revenue of ₹56.46 Cr (down 31% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over three years, including a 31% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹56.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹35.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹131.02 Cr | ||||
| 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 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -63.2% | ||||
| Net Profit Margin | -232% | ||||
| 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 Max India Limited, buy the company report.
Board of directors and KMP of Max India Limited
Max India Limited currently reports 6 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimha Kummamuri | Director | 24 Dec 2018 | 7 Years 10 Months | As last reported |
| Sharmila Tagore Also directs: Max India Limited, SRK Travel and Tours Private Limited | Director | 26 Feb 2019 | 7 Years 8 Months | As last reported |
| Analjit Singh | Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Mohit Talwar Also directs: Max India Limited, Axis Max Life Insurance Limited | Managing Director | 15 Jan 2016 | 10 Years 9 Months | As last reported |
| Ashok Kacker | Director | 15 Jan 2016 | 10 Years 9 Months | As last reported |
| Tara Singh Vachani Also directs: Max India Limited, Max Ventures Investment Holdings Private Limited, Siva Realty Ventures Private Limited and 5 more | Director | 15 Jan 2016 | 10 Years 9 Months | As last reported |
Auditor
Max India Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2019 | 301003E/E300005 |
Shareholding
The shareholding of Max India Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Max India Limited, buy the company report.
Legal cases
Max India Limited has 97 court cases on record: 22 filed by Max India, 75 filed against it. 4 cases are pending and 93 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 46 | 30 | 2 |
| District courts | 28 | 24 | 2 |
| Supreme Court | 21 | 21 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Execution petition | Filed by the company against Ms.Multilayer Packaging Pvt.Ltd | Disposed |
| High Court | Company petition | Filed by the company against Pneu Mech Marketing (P) Ltd. | Disposed |
| District court, Coimbatore, Tamil Nadu | Petition | Filed against the company by an individual | Pending |
| High Court, PUNJAB | Tax appeal | Filed by the company against PR. Commissioner of Income Tax-1, Jalandhar | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Deputy Commissioner of Income Tax and Anr and 1 other | Pending |
To see the full case history of Max India 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
No delayed payments to MSME suppliers are on our record for Max India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Max India has 9 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Pharmax Corporation Ltd | U24232PB1989PLC009741 | |
| Max Bupa Health Insurance Company Limited | U66000DL2008PLC182918 | |
| Antara Purukul Senior Living Limited | U74120UR1995PLC018283 | |
| Antara Senior Living Limited | U74140DL2011PLC218781 | |
| Antara Assisted Care Services Limited | U74140DL2012PLC244411 | |
| Max One Distribution and Services Limited | U74140DL2013PLC254577 |
To see the full group structure of Max India Limited, buy the company report.
GST
Max India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCT2098H1Z4 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Max India Limited, buy the company report.
Recent activity
Max India Limited has 33 board changes on record since 2015: 20 appointments and 13 cessations. The latest: Dinesh Kumar Mittal ceased to be Director on 16 Apr 2020.
24 earlier events are in the company report.
News
Frequently asked questions
Max India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Max India was a public limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 01 January 2015 and is registered under CIN L85100MH2015PLC330122. Listed on BSE: 543223 and NSE: MAXIND. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Max India was incorporated on 01 January 2015. It is registered with the Registrar of Companies, Mumbai.
Max India had 7 directors and KMP:
- Mohit Talwar - Managing Director
- Narasimha Kummamuri - Director
- Sharmila Tagore - Director
- Analjit Singh - Director
- Ashok Kacker - Director
- Tara Singh Vachani - Director
- Sandeep Pathak - Cfo
The CIN (Corporate Identification Number) of Max India is L85100MH2015PLC330122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Max India is a listed company as per MCA records. Its shares are listed on both BSE (code: 543223) and NSE (symbol: MAXIND).
The registered office of Max India is at 167 Floor 1 Plot – 167 Ready Money Terrace Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.
Max India can be reached through the website maxindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Max India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 02 August 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Max India is 07AAFCT2098H1Z4, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
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