Maxtech Formultions (India) Private Limited
About Maxtech Formultions (India) Private Limited
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Maxtech Formultions (India) Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 26 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH2004PTC146565. Its GSTIN is 27AAECM2059C1ZR (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Popatlal Keshavlal Shah and Hasmukh Popatlal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 86 Vasai Municipalind Estate Dhowli Village Vasai West, Thane, Maharashtra, India – 401207.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.13 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹24.44 Lakh (net margin -21.6%) and EBITDA of ₹73.77 Lakh (EBITDA margin 65.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maxtech Formultions (India) Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 86 Vasai Municipalind Estate Dhowli Village Vasai West, Thane, Maharashtra, India – 401207
- IndustryTrading, Retail Trading, Retailers
To see the full contact details of Maxtech Formultions (India) Private 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
Business activity
The main business activity of Maxtech Formultions (India) is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Maxtech Formultions (India) Private Limited, buy the company report.
Financials of Maxtech Formultions (India) Private Limited
FY 2025 filings availableMaxtech Formultions (India) Private Limited reported revenue of ₹1.13 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 55% 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 |
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| EBITDA | ₹73.77 Lakh | ||||
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| Net Profit (PAT) | -₹24.44 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 65.2% | ||||
| Net Profit Margin | -21.6% | ||||
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To see the full financial statements and ratios of Maxtech Formultions (India) Private Limited, buy the company report.
Board of directors of Maxtech Formultions (India) Private Limited
Maxtech Formultions (India) has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Popatlal Keshavlal Shah | Director | 10 Mar 2005 | 21 Years 8 Months | Current |
| Hasmukh Popatlal Shah Also directs: Mumbai Shelter Project Jairajratan LLP, Vihani Properties LLP, Neminath Infracon LLP and 2 more | Director | 30 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Maxtech Formultions (India) Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trade, except of motor vehicles and motorcycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Unilon Exports Private Limited | ₹1.14 Cr (FY 2025) | 535.0% | Delhi, India | |||
| Kshmaa Technologies Private Limited | ₹1.14 Cr (FY 2024) | 86.0% | Pune, Maharashtra, India | |||
| Kem Oil Private Limited | ₹1.14 Cr (FY 2024) | -58.0% | Mumbai, Maharashtra, India | |||
| Vikas Astro Gems Private Limited | ₹1.14 Cr (FY 2025) | -9.0% | Nagpur, Maharashtra, India | |||
| Ags Tech Exim Private Limited | ₹1.13 Cr (FY 2024) | 54.0% | New Delhi, Delhi, India | |||
| Maxtech Formultions (India) Private Limitedthis company | ₹1.13 Cr (FY 2025) | -₹24.44 Lakh | -21.6% | 35.0% | Thane, Maharashtra, India | |
| Etoile Montante Food and Beverages Private Limited | ₹1.13 Cr (FY 2024) | 2.0% | New Delhi, Delhi, India | |||
| Puntech Ecotex Private Limited | ₹1.13 Cr (FY 2024) | 1064.0% | Ahmedabad, Gujarat, India | |||
| Prijyoti Projects and Consultancy Services Private Limited | ₹1.13 Cr (FY 2025) | -20.0% | Thane, Maharashtra, India | |||
| On Time Management Services Private Limited | ₹1.13 Cr (FY 2025) | -20.0% | Mumbai, Maharashtra, India | |||
| Kwirk and Muse Handicrafts Private Limited | ₹1.13 Cr (FY 2025) | 109.0% | New Delhi, Delhi, India |
To see the full peer comparison of Maxtech Formultions (India) Private Limited, buy the company report.
Auditor
Maxtech Formultions (India) Private Limited is audited by MANOJ H CHOUDHARY & COMPANY for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ H CHOUDHARY & COMPANY | FY 2020 | 016569C |
Shareholding
The shareholding of Maxtech Formultions (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Maxtech Formultions (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Maxtech Formultions (India) 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 Maxtech Formultions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maxtech Formultions (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM2059C1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maxtech Formultions (India) Private Limited, buy the company report.
Recent activity
Maxtech Formultions (India) Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Raveendran Kothankandathil ceased to be Director on 01 Apr 2012.
Frequently asked questions
Maxtech Formultions (India) is an active private limited company based in Thane, Maharashtra, India. The company works in retail trading, within the trading industry. It was incorporated on 26 May 2004 (22+ years old) and is registered under CIN U24230MH2004PTC146565.
Maxtech Formultions (India) has 2 current directors:
- Popatlal Keshavlal Shah - Director
- Hasmukh Popatlal Shah - Director
The latest financial statements of Maxtech Formultions (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Maxtech Formultions (India) is 27AAECM2059C1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maxtech Formultions (India) is U24230MH2004PTC146565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxtech Formultions (India) was incorporated on 26 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maxtech Formultions (India) by revenue are Unilon Exports Private Limited, Kshmaa Technologies Private Limited, Kem Oil Private Limited, Vikas Astro Gems Private Limited, Ags Tech Exim Private Limited and 5 more, all in the same principal business activity (retail trade, except of motor vehicles and motorcycles).
Raveendran Kothankandathil ceased to be Director on 01 Apr 2012. Hasmukh Popatlal Shah was appointed as Director on 30 Mar 2012. Popatlal Keshavlal Shah was appointed as Director on 10 Mar 2005.
The registered office of Maxtech Formultions (India) is at Plot No 86 Vasai Municipalind Estate Dhowli Village Vasai West, Thane, Maharashtra, India – 401207.
Maxtech Formultions (India) operates in the trading industry, in the retail trading segment.
The compliance status of Maxtech Formultions (India) is compliant as of 18 August 2026. The company is actively filing with the Registrar of Companies.
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