Maha Rashtra Apex Corporation Limited - Company Profile

It is a financial services public limited company based in Bangalore, Karnataka, India, established in 1943.

1943 Bangalore, Karnataka, India Active

Last Updated: January 05, 2026

About Maha Rashtra Apex Corporation Limited

Maha Rashtra Apex Corporation Limited, a active public limited company, was established on 26 March 1943 in Bangalore, Karnataka, India. Engaging in banking institutions within the financial and insurance service sector, it holds CIN: L85110KA1943PLC001177. Registered under ROC Roc Bangalore. it is listed on BSE: 523384 and NSE: BE : MAHAPEXLTD. It has an authorized capital of ₹40.00 Cr and a paid-up capital of ₹1.41 K .

Formerly known as The Maharashtra Apex Bank Limited. It upholds a compliant status. In 2024, it reported revenue of ₹0.86 K and a net worth of ₹43.37 K . Employing 9 professional, Its leadership includes Nagarajan Sivaramakrishnan (Director), Jyothi Vishweshwaraiah Bhadravathi (Director), Kudi Bhoja Shetty (Director). Past directors included Nagarajan Sivaramakrishnan, Subbarame Gowda, Jyothi Vishweshwaraiah Bhadravathi. Its latest AGM occurred on 24 September 2025, with the balance sheet filed on 31 March 2025. It is based at 3Rd Floor, Front Wing North Block, Manipal Centre, Bangalore, Karnataka, 560001.

Company Details

CIN/LLPIN
L85110KA1943PLC001177
Registration Number
001177
Incorporation Date
26 March 1943
Authorized Capital
₹40.00 Cr
Paid-Up Capital
₹1.41 K
ROC Code
Roc Bangalore
Listing Status
Listed (BSE: 523384, NSE: BE : MAHAPEXLTD)
Company Status
Active

Key Metrics

Authorised Capital ₹ 40.00 Cr as on 05-01-2026
Paid Up Capital ₹ 1.41 K as on 05-01-2026
Company Age 82 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** -100.00% (FY 2024)
Profit Growth **** -100.00% (FY 2024)
Ebitda **** 100.00% (FY 2024)
Net Worth -100.00% (FY 2024)
Total Assets -100.00% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Maha Rashtra Apex Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maha Rashtra Apex Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nagarajan Sivaramakrishnan	Director	29 May 2024	Current
Jyothi Vishweshwaraiah Bhadravathi	Director	31 Mar 2015	Current
Kudi Bhoja Shetty	Director	10 Jul 2006	Current
Aspi Nariman Katgara	Managing Director	22 Dec 2017	Current
Yazdin Jimmy Mistry	Director	20 Oct 2020	Current
Jamsheed Minoo Panday	Company Secretary	30 Apr 2003	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	25 Aug 2024	Past
Pramod Abcsdd	Whole-Time Director	15 Dec 2017	Past
Pramod Abcsdd	Director	12 Feb 2018	Past
Pramod Abcsdd	Director	13 Oct 2020	Past
Pramod Abcsdd	Additional Director	28 Aug 2023	Past
Pramod Abcsdd	Additional Director	28 Sep 2018	Past

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Financial Performance of Maha Rashtra Apex Corporation.

Maha Rashtra Apex Corporation Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 100% decrease. The company also saw a substantial fall in profitability, with a 100% decrease in profit. The company's net worth observed a substantial decline by a decrease of 100%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-100.00%

*******

Revenue from Operations

*******

-99.96%

*******

Total Assets

*******

-100.00%

*******

Profit or Loss

*******

-100.00%

*******

Net Worth

*******

-100.00%

*******

EBITDA

*******

100.00%

*******

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What is the Ownership and Shareholding Structure of Maha Rashtra Apex Corporation?

In 2024, Maha Rashtra Apex Corporation had a promoter holding of 62.54% and a public holding of 37.47%. The company had 3 Subsidiaries and 3 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Maha Rashtra Apex Corporation?

Maha Rashtra Apex Corporation has a workforce of 9 employees as of Apr 13, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Maha Rashtra Apex Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maha Rashtra Apex Corporation's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Maha Rashtra Apex Corporation

Recent Activity within the Organization

Annual General Meeting

Maha Rashtra Apex Corporation Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records. was recorded as a recent event.
24 Sep 2025
Balance Sheet

Progress on Maha Rashtra Apex Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was documented.
31 Mar 2025
Director Appointment

Progress on Nagarajan Sivaramakrishnan was appointed as a Director was appointed as a Director on 29 May 2024 & has been associated with this company since 1 year 9 months . was documented.
29 May 2024
Director Appointment

Vidya Mananjay More was appointed as a Director was appointed as a Director on 23 Mar 2022 & has been associated with this company since 3 years 11 months . was recorded as a recent event.
23 Mar 2022
Director Appointment

Yazdin Jimmy Mistry was appointed as a Director was appointed as a Director on 20 Oct 2020 & has been associated with this company since 5 years 4 months . was recorded as a recent event.
20 Oct 2020
Director Appointment

The activity Jamsheed Minoo Panday was appointed as a Cfo was appointed as a Cfo on 02 Mar 2018 & has been associated with this company since 7 years 11 months . was completed.
02 Mar 2018

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