About Maara Granites Private Limited
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Maara Granites Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC106985. Its GSTIN is 29AALCM3739N1ZO (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹25 Lakh. It is led by directors including Manjunath Balasubramanya Hassan (Whole-Time Director) and Ramachandran Nair Ramkrishnan.
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 105 Embassy Centre No.11 1st Floor Crescent Road Kumara Park East, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.83 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹26.62 Lakh (net margin 7%) and EBITDA of ₹1.82 Cr (EBITDA margin 47.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over five years.
As per MCA filings, the company has open charges of ₹3.22 Cr on record. Court records list 89 cases involving the company, including 89 filed against it; 74 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maaragranites.in.
Company details
Contact details
Maara Granites Private Limited's registered office is in Bangalore, Karnataka. Its website is maaragranites.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 105 Embassy Centre No.11 1st Floor Crescent Road Kumara Park East, Bangalore, Karnataka, India – 560001
- IndustryMachinery and Equipment, Construction Machinery & Equipment
To see the full contact details of Maara Granites 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 Maara Granites is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Maara Granites Private Limited, buy the company report.
Financials of Maara Granites Private Limited
FY 2024 filings availableMaara Granites Private Limited reported revenue of ₹3.83 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 20% 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 |
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| EBITDA | ₹1.82 Cr | ||||
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| Net Profit (PAT) | ₹26.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 47.4% | ||||
| Net Profit Margin | 7% | ||||
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To see the full financial statements and ratios of Maara Granites Private Limited, buy the company report.
Board of directors of Maara Granites Private Limited
Maara Granites has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramachandran Nair Ramkrishnan | Director | 28 Feb 2024 | 2 Years 8 Months | Current |
| Manjunath Balasubramanya Hassan Also directs: Fortius General Trading LLP | Whole-Time Director | 06 Oct 2017 | 9 Years 0 Months | Current |
| Gurudatta Narayanarao | Director | 02 Nov 2022 | 3 Years 11 Months | Current |
| Ravikumar Guruswamy Neelamma | Director | 02 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Maara Granites Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Construction Equipment, Mining), with the same principal business activity (other mining & quarrying activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sayaji Iron Works Contracts Private Limited | ₹3.87 Cr (FY 2024) | -22.0% | Ahmedabad, Gujarat, India | |||
| Suresh Marbles Private Limited | ₹3.86 Cr (FY 2017) | 63.0% | Rishabhdeo, Rajasthan, India | |||
| Parihar Minerals Private Limited | ₹3.84 Cr (FY 2025) | -17.0% | Haldwani, Uttarakhand, India | |||
| CRM Granites Private Limited | ₹3.84 Cr (FY 2025) | -17.0% | Kishangarh, Rajasthan, India | |||
| Maara Granites Private Limitedthis company | ₹3.83 Cr (FY 2024) | ₹26.62 Lakh | 7% | 7.0% | Bangalore, Karnataka, India | |
| Calco Minerals Private Limited | ₹3.83 Cr (FY 2025) | 37.0% | Ahmedabad, Gujarat, India | |||
| BL Aggarwal Infra Private Limited | ₹3.81 Cr (FY 2024) | 306.0% | Sri Ganganagar, Rajasthan, India |
To see the full peer comparison of Maara Granites Private Limited, buy the company report.
Auditor
Maara Granites Private Limited is audited by DEVARAJ B V & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEVARAJ B V & CO | FY 2023 | 012425S |
Shareholding
The shareholding of Maara Granites Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2019 | FY 2018 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maara Granites Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2021 | 100424264 | Axis Bank Limited | ₹10.53 Lakh | Open | |
| 31 Jan 2020 | 100321220 | Axis Bank Limited | ₹53.59 Lakh | Open | |
| 30 Jan 2020 | 100343059 | Others | ₹55 Lakh | Open | |
| 20 Jan 2020 | 100316883 | Others | ₹1.13 Cr | Open | |
| 21 Sep 2019 | 100291104 | Axis Bank Limited | ₹90 Lakh | Open |
Total charge records: 5 View all charges
Legal cases
Maara Granites Private Limited has 89 court cases on record: 89 filed against it. 74 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 89 | 74 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Sundaram Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Sany Heavy Industry India Pvt Ltd Thrugh Its Authorized Repressentative Mr Suraj Patil | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Sany Heavy Industry India Pvt Ltd Through Authorized Person Mr Prateek Tomar | Pending |
To see the full case history of Maara Granites 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
No delayed payments to MSME suppliers are on our record for Maara Granites Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maara Granites has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCM3739N1ZO | Karnataka | Active | 18 Oct 2017 |
To see the full GST registrations and return filing status of Maara Granites Private Limited, buy the company report.
Recent activity
Maara Granites Private Limited has 7 board changes on record since 2017: 5 appointments and 2 cessations. The latest: Ramachandran Nair Ramkrishnan was appointed as Director on 28 Feb 2024.
3 earlier events are in the company report.
Frequently asked questions
Maara Granites is an active private limited company based in Bangalore, Karnataka, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 06 October 2017 (9+ years old) and is registered under CIN U74999KA2017PTC106985.
Maara Granites has 4 current directors:
- Manjunath Balasubramanya Hassan - Whole-Time Director
- Ramachandran Nair Ramkrishnan - Director
- Gurudatta Narayanarao - Director
- Ravikumar Guruswamy Neelamma - Director
The latest financial statements of Maara Granites on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Maara Granites is 29AALCM3739N1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Maara Granites is U74999KA2017PTC106985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maara Granites has 89 court cases on record: 89 filed against it. 74 are pending.
Maara Granites was incorporated on 06 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Maara Granites by revenue are Sayaji Iron Works Contracts Private Limited, Suresh Marbles Private Limited, Parihar Minerals Private Limited, CRM Granites Private Limited, Calco Minerals Private Limited and 1 more, all in the Metals and Minerals industry (Construction Equipment, Mining), with the same principal business activity (other mining & quarrying activities).
Ramachandran Nair Ramkrishnan was appointed as Director on 28 Feb 2024. Gurudatta Narayanarao was appointed as Director on 02 Nov 2022. Ravikumar Guruswamy Neelamma was appointed as Director on 02 Nov 2022. Maara Granites has 7 board changes on record in total.
Maara Granites can be reached through the website maaragranites.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Maara Granites is at No. 105 Embassy Centre No.11 1st Floor Crescent Road Kumara Park East, Bangalore, Karnataka, India – 560001.
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