About Maharashtra Corporation Limited
Data last updated: 14 July 2026
Maharashtra Corporation Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in agricultural products distribution, a part of the broader agriculture sector. Incorporated on 24 November 1982, the company has been in operation for over 44 years.
Registered with ROC Mumbai under CIN L71100MH1982PLC028750. Listed on BSE: 505523.
Capital: an authorised share capital of ₹64 Cr and a paid-up capital of ₹62.09 Cr. Formerly known as Maharashtra Industrial Leasing and Investment Ltd and Maharashtra Overseas Limited Cn. It is led by directors including Tilokchand Manaklal Kothari and Madhu Bala Vaishnav.
Last AGM: 30 October 2025. Financial statements filed for year ended 31 March 2025. Office: 907/908 Dev Plaza S.V. Road Andheri (West), Mumbai, Maharashtra, India – 400058.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹4.5 Lakh, a decline of 97.1% compared to the previous year. The net worth stands at ₹61.42 Cr (down 0.59% YoY). Total assets are valued at ₹61.73 Cr (up 0.14% YoY).
The company is associated with 1 brand - Maharashtra Corporation. As per MCA filings, the company has open charges of ₹1.99 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mcl.visagar.com.
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Registered Address907/908 Dev Plaza S.V. Road Andheri (West), Mumbai, Maharashtra, India – 400058
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IndustryAgriculture, Agro Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Maharashtra Corporation Limited
Maharashtra Corporation Limited has undergone 2 name changes throughout its history. The company was previously known as Maharashtra Industrial Leasing And Investment Ltd, and Maharashtra Overseas Limited Cn. The current legal name is Maharashtra Corporation Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Maharashtra Corporation Limited | Current |
| Maharashtra Industrial Leasing And Investment Ltd | Previous |
| Maharashtra Overseas Limited Cn | Previous |
Associated Brands with Maharashtra Corporation Limited
Maharashtra Corporation Limited operates one associated brand: Maharashtra Corporation. These brands represent Maharashtra Corporation Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Cashew nuts and textile products are distributed in India. | mahacorp.in |
Business Activity of Maharashtra Corporation Limited
Maharashtra Corporation Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details for Maharashtra Corporation Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Maharashtra Corporation Limited
Maharashtra Corporation Limited is audited by Bhatter & Associates (ICAI peer reviewed, certificate valid till 2027-06-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Bhatter & Associates (ICAI peer reviewed, certificate valid till 2027-06-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Maharashtra Corporation Limited
Maharashtra Corporation Limited is currently managed by 6 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Tilokchand Manaklal Kothari
Also directs:
Shalimar Productions Limited, Visagar Polytex Limited, Visagar Financial Services Limited and 5 more
|
Director | 04 Jan 2010 | 16 Years 6 Months | Current |
| Madhu Bala Vaishnav | Director | 12 Mar 2019 | 7 Years 4 Months | Current |
|
Kuldeep Kumar
Also directs:
Visagar Polytex Limited, Visagar Financial Services Limited
|
Director | 12 Mar 2019 | 7 Years 4 Months | Current |
| Ravi Kumar Rajak | Director | 06 Sep 2022 | 3 Years 10 Months | Current |
| Anju Pareek | Director | 30 Sep 2024 | 1 Years 9 Months | Current |
|
Vikasjeet Singh
Also directs:
Visagar Polytex Limited, Visagar Financial Services Limited
|
Director | 11 Aug 2025 | 0 Years 11 Months | Current |
Financials of Maharashtra Corporation Limited FY 2026 filings available
Maharashtra Corporation Limited reported revenue of ₹4.5 Lakh (down 97.1% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹4.5 Lakh | ₹1.55 Cr | ₹78 Lakh | ₹1.12 Cr | ₹0 | ₹39.93 Lakh | ₹0 | ₹0 |
| Other Income | ₹6.46 Lakh | ₹1,000 | ₹1.49 Lakh | ₹77,000 | ₹13,000 | ₹1.86 Lakh | ₹1.91 Lakh | ₹1.74 Lakh |
| Total Income | ₹10.96 Lakh | ₹1.55 Cr | ₹79.49 Lakh | ₹1.13 Cr | ₹13,000 | ₹41.79 Lakh | ₹1.91 Lakh | ₹1.74 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹30.51 Lakh | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹1.65 Lakh | ₹0 | ₹0 |
| Employee Benefit Expense | ₹5.3 Lakh | ₹23.9 Lakh | ₹5.48 Lakh | ₹6.75 Lakh | ₹11.95 Lakh | ₹4.88 Lakh | ₹1.35 Lakh | ₹2.92 Lakh |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹5,000 | ₹2,000 | ₹1,000 |
| Depreciation & Amortisation | ₹12.08 Lakh | ₹18.29 Lakh | ₹20.98 Lakh | ₹3.21 Lakh | ₹1,000 | ₹1,000 | ₹2,000 | ₹3,000 |
| Other Expenses | ₹29.61 Lakh | ₹99.69 Lakh | ₹29.16 Lakh | ₹31.11 Lakh | ₹54.09 Lakh | ₹7.42 Lakh | ₹7.83 Lakh | ₹8.03 Lakh |
| Total Expenses | ₹46.99 Lakh | ₹1.42 Cr | ₹55.62 Lakh | ₹41.07 Lakh | ₹66.05 Lakh | ₹41.22 Lakh | ₹9.22 Lakh | ₹10.99 Lakh |
| Profit Before Exceptional Items & Tax | -₹36.03 Lakh | ₹13.13 Lakh | ₹23.87 Lakh | ₹72.04 Lakh | -₹65.92 Lakh | ₹57,000 | -₹7.31 Lakh | -₹9.25 Lakh |
| Exceptional Items | ₹0 | -₹2.06 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹36.03 Lakh | ₹11.07 Lakh | ₹23.87 Lakh | ₹72.04 Lakh | -₹65.92 Lakh | ₹57,000 | -₹7.31 Lakh | -₹9.25 Lakh |
| Total Tax Expense | ₹59,000 | ₹2.35 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹36.62 Lakh | ₹8.72 Lakh | ₹23.87 Lakh | ₹72.04 Lakh | -₹65.92 Lakh | ₹57,000 | -₹7.31 Lakh | -₹9.25 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹36.62 Lakh | ₹8.72 Lakh | ₹23.87 Lakh | ₹72.04 Lakh | -₹65.92 Lakh | ₹57,000 | -₹7.31 Lakh | -₹9.25 Lakh |
| EBITDA (computed) | -₹23.95 Lakh | ₹31.42 Lakh | ₹44.85 Lakh | ₹75.25 Lakh | -₹65.91 Lakh | ₹63,000 | -₹7.27 Lakh | -₹9.21 Lakh |
| Basic EPS | ₹-0.01 | ₹0.00 | ₹0.00 | ₹0.02 | ₹0.05 | ₹0.00 | ₹-0.01 | ₹-0.01 |
| Diluted EPS | ₹-0.01 | ₹0.00 | ₹0.00 | ₹0.02 | ₹0.05 | ₹0.00 | ₹-0.01 | ₹-0.01 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹61.73 Cr | ₹61.64 Cr | ₹61.87 Cr | ₹28.56 Cr | ₹12.17 Cr | ₹13.46 Cr | ₹12.9 Cr | ₹13.75 Cr |
| Non-current Assets | ₹55.61 Cr | ₹53.66 Cr | ₹8.19 Cr | ₹5.75 Cr | ₹3.2 Cr | ₹3.66 Cr | ₹3.49 Cr | ₹3.47 Cr |
| Current Assets | ₹6.12 Cr | ₹7.98 Cr | ₹53.68 Cr | ₹22.82 Cr | ₹8.96 Cr | ₹9.81 Cr | ₹9.41 Cr | ₹10.28 Cr |
| Property, Plant & Equipment | ₹49.85 Cr | ₹48.67 Cr | ₹45.18 Lakh | ₹64.64 Lakh | ₹8,000 | ₹9,000 | ₹10,000 | ₹12,000 |
| Inventories | ₹1.55 Cr | ₹1.55 Cr | ₹1.55 Cr | ₹1.55 Cr | ₹1.55 Cr | ₹1.55 Cr | ₹1.53 Cr | ₹1.53 Cr |
| Trade Receivables | ₹3.86 Cr | ₹4.23 Cr | ₹4.23 Cr | ₹4.93 Cr | ₹6.49 Cr | ₹8.23 Cr | ₹7.83 Cr | ₹8.68 Cr |
| Cash & Equivalents | ₹50,000 | ₹56,000 | ₹3.93 Lakh | ₹43,000 | ₹37,000 | ₹9,000 | ₹96,000 | ₹1.08 Lakh |
| Equity (Net Worth) | ₹61.42 Cr | ₹61.79 Cr | ₹61.79 Cr | ₹28.46 Cr | ₹12 Cr | ₹12.66 Cr | ₹12.65 Cr | ₹12.73 Cr |
| Equity Share Capital | ₹62.09 Cr | ₹62.36 Cr | ₹62.36 Cr | ₹29.27 Cr | ₹13.53 Cr | ₹13.53 Cr | ₹13.53 Cr | ₹13.53 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹27.89 Lakh | -₹28 Lakh | ₹0 | ₹0 | ₹0 | ₹53.05 Lakh | ₹5.6 Lakh | ₹0 |
| Total Debt (computed) | ₹27.89 Lakh | -₹28 Lakh | ₹0 | ₹0 | ₹0 | ₹53.05 Lakh | ₹5.6 Lakh | ₹0 |
| Current Liabilities | ₹29.56 Lakh | -₹18.69 Lakh | ₹8.77 Lakh | ₹10.63 Lakh | ₹16.75 Lakh | ₹80.23 Lakh | ₹24.47 Lakh | ₹1.02 Cr |
| Total Liabilities | ₹30.15 Lakh | -₹15.27 Lakh | ₹8.77 Lakh | ₹10.63 Lakh | ₹16.75 Lakh | ₹80.5 Lakh | ₹24.74 Lakh | ₹1.02 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1.34 Cr | ₹48.1 Cr | -₹29.59 Cr | -₹15.4 Cr | ₹50.19 Lakh |
| Investing Cash Flow | -₹1.3 Cr | -₹49.09 Cr | -₹1.52 Lakh | -₹67.77 Lakh | -₹12.38 Lakh |
| Financing Cash Flow | ₹0 | ₹0 | ₹30.53 Cr | ₹15.74 Cr | ₹4.75 Lakh |
| Capital Expenditure | ₹1.3 Cr | ₹49.09 Cr | ₹1.52 Lakh | ₹67.77 Lakh | ₹12.38 Lakh |
| Free Cash Flow (computed) | ₹4.07 Lakh | -₹99.42 Lakh | -₹29.61 Cr | -₹16.08 Cr | ₹37.81 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹4.07 Lakh | -₹99.42 Lakh | ₹92.37 Lakh | -₹33.8 Lakh | ₹42.56 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹0 | ₹4.5 Lakh | ₹0 | ₹0 | ₹65 Lakh | ₹25 Lakh | ₹65 Lakh |
| Other Income | ₹6.46 Lakh | ₹0 | ₹0 | ₹0 | ₹1,000 | ₹0 | ₹0 | ₹0 |
| Total Income | ₹6.46 Lakh | ₹0 | ₹4.5 Lakh | ₹0 | ₹1,000 | ₹65 Lakh | ₹25 Lakh | ₹65 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹2.38 Lakh | ₹18,000 | ₹1.41 Lakh | ₹0 | ₹2.37 Lakh | ₹20.25 Lakh | ₹45,000 | ₹83,000 |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹2.57 Lakh | ₹2.85 Lakh | ₹3.16 Lakh | ₹3.5 Lakh | ₹8.55 Lakh | ₹3.14 Lakh | ₹3.33 Lakh | ₹3.27 Lakh |
| Other Expenses | ₹2.47 Lakh | ₹53,000 | ₹1.13 Lakh | ₹26.81 Lakh | ₹61 Lakh | ₹1.99 Lakh | ₹26.39 Lakh | ₹10.31 Lakh |
| Total Expenses | ₹7.42 Lakh | ₹3.56 Lakh | ₹5.7 Lakh | ₹30.31 Lakh | ₹71.92 Lakh | ₹25.38 Lakh | ₹30.17 Lakh | ₹14.41 Lakh |
| Profit Before Exceptional Items & Tax | -₹96,000 | -₹3.56 Lakh | -₹1.2 Lakh | -₹30.31 Lakh | -₹71.91 Lakh | ₹39.62 Lakh | -₹5.17 Lakh | ₹50.59 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | -₹2.06 Lakh | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹96,000 | -₹3.56 Lakh | -₹1.2 Lakh | -₹30.31 Lakh | -₹73.97 Lakh | ₹39.62 Lakh | -₹5.17 Lakh | ₹50.59 Lakh |
| Total Tax Expense | ₹59,000 | ₹0 | ₹0 | ₹0 | ₹2.35 Lakh | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹1.55 Lakh | -₹3.56 Lakh | -₹1.2 Lakh | -₹30.31 Lakh | -₹76.32 Lakh | ₹39.62 Lakh | -₹5.17 Lakh | ₹50.59 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹1.55 Lakh | -₹3.56 Lakh | -₹1.2 Lakh | -₹30.31 Lakh | -₹76.32 Lakh | ₹39.62 Lakh | -₹5.17 Lakh | ₹50.59 Lakh |
| EBITDA (computed) | ₹1.61 Lakh | -₹71,000 | ₹1.96 Lakh | -₹26.81 Lakh | -₹63.36 Lakh | ₹42.76 Lakh | -₹1.84 Lakh | ₹53.86 Lakh |
| Basic EPS | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 | ₹-0.01 | ₹0.00 | ₹0.00 | ₹0.01 |
| Diluted EPS | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 | ₹-0.01 | ₹0.00 | ₹0.00 | ₹0.01 |
Shareholding Pattern of Maharashtra Corporation Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 16.62%, retail and other public shareholders hold 83.38% of Maharashtra Corporation Limited. The company had 142,633 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 16.62% | 16.62% | 16.62% | 16.62% | 16.62% | 16.62% |
| Public | 83.38% | 83.38% | 83.38% | 83.38% | 83.38% | 83.38% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 16.62% | 16.62% | 16.33% |
| Public | 83.38% | 83.38% | 83.67% |
| Promoter change (YoY, %pts) | +0.00 | +0.29 | - |
Charges & Borrowings of Maharashtra Corporation Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 1994 | Central Bank of India | ₹36 Lakh | Open |
| 28 Jun 1991 | Central Bank of India | ₹1.45 Cr | Open |
| 29 Mar 1989 | Central Bank of India | ₹17 Lakh | Open |
| 04 Jan 1988 | Central Bank of India | ₹1.5 Lakh | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Maharashtra Corporation Limited
View historical data on people associated with Maharashtra Corporation Limited, including employment history and EPFO contributions.
Employee and EPFO history for Maharashtra Corporation Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Maharashtra Corporation Limited
GST registrations and filing compliance for Maharashtra Corporation Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
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Credit Ratings, Litigation & Regulatory Alerts for Maharashtra Corporation Limited
Credit ratings, litigation, and regulatory alerts for Maharashtra Corporation Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
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MSME Payment Delays by Maharashtra Corporation Limited
MSME payment history for Maharashtra Corporation Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Maharashtra Corporation Limited
Corporate group structure for Maharashtra Corporation Limited
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- Parent company
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MCA Filings & Documents of Maharashtra Corporation Limited
MCA filings and documents for Maharashtra Corporation Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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- Annual returns and statements
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Recent Activity on Maharashtra Corporation Limited
Frequently Asked Questions about Maharashtra Corporation Limited
Maharashtra Corporation Limited is an active public limited company in the agriculture sector based in Mumbai, Maharashtra, India. It was incorporated on 24 November 1982 (44+ years old) and is registered under CIN L71100MH1982PLC028750. Listed on BSE: 505523.
Maharashtra Corporation Limited reported revenue of ₹4.5 Lakh for FY 2026 (down 97.1% YoY) based on standalone BSE filings.
The current directors of Maharashtra Corporation Limited are:
- Tilokchand Manaklal Kothari - Director
- Madhu Bala Vaishnav - Director
- Kuldeep Kumar - Director
- Ravi Kumar Rajak - Director
- Anju Pareek - Director
- Vikasjeet Singh - Director
The primary industry of Maharashtra Corporation Limited is agriculture. The company specifically operates in agro retail and distribution. The company is currently active in this sector.
Yes. Maharashtra Corporation Limited is listed on BSE with code 505523.
Maharashtra Corporation Limited can be reached at the registered office: 907908 Dev Plaza S.V. Road Andheri West, Mumbai, Maharashtra, India – 400058, or through the website mcl.visagar.com.