Startup India Government of India
Indimax Print Private Limited - media and publishing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.23 Cr
▲ 39% YoY
Net profit · FY 2024
₹93.83 Lakh
Net margin 3.9%
EBITDA · FY 2024
₹2.46 Cr
EBITDA margin 10.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Satisfied charges
₹6.15 Cr
No open charges
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Indimax Print Private Limited
Data last updated:
Indimax Print Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the commercial printing services segment of the media and publishing sector. It was incorporated on 24 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U22219MH2018PTC316217. Its GSTIN is 27AAFCI0429K1ZJ (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Ramesh Ranchhodbhai Madat (Managing Director) and Bhikhabhai Ranchod Madat (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 21 Floor – Grd A2 Shah&Nahar Industrial Estate Sitaram Jadhav Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.23 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹93.83 Lakh (net margin 3.9%) and EBITDA of ₹2.46 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 56% over five years.
As per MCA filings, the company has satisfied charges of ₹6.15 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Indimax Print Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0051315). For more details, the company can be reached via its website indimaxprint.com.
Company details
CIN U22219MH2018PTC316217
Registration Number 316217
Incorporation Date 24 October 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0051315
Recognitions & Rankings of Indimax Print
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0051315
Contact details
Indimax Print Private Limited's registered office is in Mumbai, Maharashtra. Its website is indimaxprint.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address21 Floor – Grd A2 Shah&Nahar Industrial Estate Sitaram Jadhav Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryMedia and Publishing, Commercial Printing Services
To see the full contact details of Indimax Print Private Limited, buy the company report.
Comprehensive company report
Indimax Print 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Indimax Print is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Indimax Print Private Limited, buy the company report.
Financials of Indimax Print Private Limited
FY 2025 filings availableIndimax Print Private Limited reported revenue of ₹24.23 Cr (up 39% YoY) for FY 2024.
Revenue · FY 2024
₹24.23 Cr ▲ 39%
Net profit · FY 2024
₹93.83 Lakh margin 3.9%
EBITDA · FY 2024
₹2.46 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 38%
5 years · compounded
▲ 56%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▼ 6%
5 years · compounded
▲ 61%
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 39% growth in the latest year. EBITDA rose 3% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹93.83 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 3.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Indimax Print Private Limited, buy the company report.
Board of directors of Indimax Print Private Limited
Indimax Print has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Ranchhodbhai Madat Also directs: Max Print India Private Limited, Filgap India Private Limited | Managing Director | 24 Oct 2018 | 8 Years 0 Months | Current |
| Bhikhabhai Ranchod Madat Also directs: Filgap India Private Limited, Global Realty Ventures LLP | Whole-Time Director | 24 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Indimax Print Private Limited is audited by DINESH VELJI DUBARIYA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH VELJI DUBARIYA | FY 2023 | 180354 |
Shareholding
The shareholding of Indimax Print Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indimax Print Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2021 | 100492572 | Others | ₹2 Cr | Satisfied | |
| 30 Nov 2019 | 100311256 | Yes Bank Limited | ₹1 Cr | Satisfied | |
| 29 Sep 2019 | 100316844 | Others | ₹3.15 Cr | Satisfied |
To see the full charge records of Indimax Print Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Indimax Print Private Limited has 1 court case on record: 1 filed by Indimax Print. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
To see the full case history of Indimax Print Private 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
Indimax Print Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 9 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Hash1tech Pre-Press Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Indimax Print Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Indimax Print has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI0429K1ZJ | Maharashtra | Active | 06 Nov 2018 |
To see the full GST registrations and return filing status of Indimax Print Private Limited, buy the company report.
Recent activity
Indimax Print Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Bhikhabhai Ranchod Madat ceased to be Director on 01 Apr 2019.
AGM
Indimax Print Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Indimax Print Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge registered on 29 Sep 2019 via Charge ID 100316844 with Others was fully satisfied on 03 Jan 2024.
Charges
A charge registered on 30 Sep 2021 via Charge ID 100492572 with Others was fully satisfied on 26 Dec 2023.
Charges
A charge registered on 30 Nov 2019 via Charge ID 100311256 with Yes Bank Limited was fully satisfied on 28 Feb 2023.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100492572 was registered on 30 Sep 2021.
Charges
A charge with Yes Bank Limited amounted to Rs. 100.10 Lakh with Charge ID 100311256 was registered on 30 Nov 2019.
Charges
A charge with Others amounted to Rs. 315.00 Lakh with Charge ID 100316844 was registered on 29 Sep 2019.
Ceased
Bhikhabhai Ranchod Madat ceased to be Director.
Ceased
Ramesh Ranchhodbhai Madat ceased to be Director.
Appointed
Bhikhabhai Ranchod Madat was appointed as Whole-Time Director.
Appointed
Ramesh Ranchhodbhai Madat was appointed as Managing Director.
1 earlier event is in the company report.
Frequently asked questions
Indimax Print is an active private limited company based in Mumbai, Maharashtra, India. The company works in commercial printing services, within the media and publishing industry. It was incorporated on 24 October 2018 (8+ years old) and is registered under CIN U22219MH2018PTC316217.
Indimax Print has 2 current directors:
- Ramesh Ranchhodbhai Madat - Managing Director
- Bhikhabhai Ranchod Madat - Whole-Time Director
The latest financial statements of Indimax Print on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Indimax Print is 27AAFCI0429K1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indimax Print is U22219MH2018PTC316217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indimax Print has 1 court case on record: 1 filed by the company. 1 is pending.
Indimax Print was incorporated on 24 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhikhabhai Ranchod Madat ceased to be Director on 01 Apr 2019. Ramesh Ranchhodbhai Madat ceased to be Director on 01 Apr 2019. Bhikhabhai Ranchod Madat was appointed as Whole-Time Director on 24 Oct 2018. Indimax Print has 4 board changes on record in total.
Yes, Indimax Print is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Indimax Print is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0051315).
Indimax Print has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 9 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Jun 2019.