Maze Research Private Limited
About Maze Research Private Limited
Data last updated:
Maze Research Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the scientific research segment of the research and development sector. It was incorporated on 12 January 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH2023PTC397526.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pranali Yogiraj Khobragade and Rameshwari Kondya Kashe.
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 1102 Signia Waterfront Sector – 14 Airoli, Thane, Maharashtra, India – 400708.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.52 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹4.71 Lakh (net margin 1.9%) and EBITDA of ₹9.92 Lakh (EBITDA margin 3.9%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address1102 Signia Waterfront Sector – 14 Airoli, Thane, Maharashtra, India – 400708
- IndustryResearch & Development, Science Research
- 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
- One PDF report, delivered after checkout
Business Activity of Maze Research Private Limited
The main business activity of Maze Research is professional, scientific and technical activities. In detail, this covers scientific research and development.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 72 | Scientific research and development | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Maze Research Private Limited FY 2025 filings available
Maze Research Private Limited reported revenue of ₹2.52 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Maze Research Private Limited
Revenue rose 24% in the latest year. EBITDA rose 31% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Maze Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹9.92 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.71 Lakh | •••• | •••• |
| 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 of Maze Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.9% | •••• | •••• |
| Net Profit Margin | 1.9% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maze Research are in the company report.
Financial statements from FY 2023
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Maze Research Private Limited
Maze Research Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Scientific research and development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brixwell Technocrafts Private Limited | ₹2.53 Cr (FY 2025) | •••• | •••• | 505.0% | •••• | Pune, Maharashtra, India |
| Shri Siddhivinayak Medical Devices Private Limited | ₹2.53 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Ghazipur, Delhi, India |
| Ikp Centre for Technologies in Public Health | ₹2.52 Cr (FY 2024) | •••• | •••• | 606.0% | •••• | Shameerpet, Telangana, India |
| Future Algorithms Private Limited | ₹2.52 Cr (FY 2024) | •••• | •••• | 117.0% | •••• | Gurgaon, Haryana, India |
| Vashisth Calibration Private Limited | ₹2.52 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ballabgarh, Haryana, India |
| Maze Research Private Limited this company | ₹2.52 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Thane, Maharashtra, India |
| Avant Sante India Private Limited | ₹2.48 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Hyderabad, Telangana, India |
| Dynamind Solutions Private Limited | ₹2.41 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Mumbai, Maharashtra, India |
| Midea Home Appliances (India) Private Limited | ₹2.41 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | New Delhi, Delhi, India |
| S2m Lifescience Private Limited | ₹2.41 Cr (FY 2024) | •••• | •••• | -48.0% | •••• | Bhubaneswar, Odisha, India |
| Parantapa Sciences Private Limited | ₹2.4 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Maze Research by revenue in the same principal business activity (Scientific research and development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Maze Research Private Limited
Maze Research has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranali Yogiraj Khobragade | Director | 12 Jan 2023 | 3 Years 8 Months | Current |
| Rameshwari Kondya Kashe | Director | 12 Jan 2023 | 3 Years 8 Months | Current |
Charges & Borrowings of Maze Research Private Limited
Maze Research Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Maze Research Private Limited
Employment history and EPFO contributions of people linked to Maze Research.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Maze Research Private Limited
Maze Research Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Pranali Yogiraj Khobragade was appointed as Director on 12 Jan 2023.
Credit Ratings, Litigation & Regulatory Alerts for Maze Research Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Maze Research Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Maze Research Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Maze Research Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Maze Research Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Maze Research Private Limited
Maze Research is an active private limited company based in Thane, Maharashtra, India. The company works in science research, within the research and development industry. It was incorporated on 12 January 2023 (3+ years old) and is registered under CIN U73100MH2023PTC397526.
Maze Research reported revenue of ₹2.52 Cr for FY 2025 (up 24% YoY).
Maze Research has 2 current directors:
- Pranali Yogiraj Khobragade - Director
- Rameshwari Kondya Kashe - Director
Maze Research reported a net profit of ₹4.71 Lakh (net margin 1.9%) and EBITDA of ₹9.92 Lakh (EBITDA margin 3.9%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Maze Research is U73100MH2023PTC397526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maze Research was incorporated on 12 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maze Research by revenue are Brixwell Technocrafts Private Limited, Shri Siddhivinayak Medical Devices Private Limited, Ikp Centre for Technologies in Public Health, Future Algorithms Private Limited, Vashisth Calibration Private Limited and 5 more, all in the same principal business activity (Scientific research and development).
Pranali Yogiraj Khobragade was appointed as Director on 12 Jan 2023. Rameshwari Kondya Kashe was appointed as Director on 12 Jan 2023.
The registered office of Maze Research is at 1102 Signia Waterfront Sector – 14 Airoli, Thane, Maharashtra, India – 400708.
Maze Research has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Maze Research operates in the research and development industry, in the science research segment.