About Marax Technologies Private Limited
Data last updated:
Marax Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Marax Ai. Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 13 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC094957. Its GSTIN is 29AAKCM4504A2ZQ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Prateek Gupta and Sumant Ullodi Subrahmanya.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No. 198 2nd Floor Cmh Road 2nd Stage Near – Shanti Sagra Hotel Indiranagar, Bengaluru, Karnataka, India – 560038.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.88 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.83 Lakh (net margin -2%) and EBITDA of -₹2.29 Lakh (EBITDA margin -1.2%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 67% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Marax.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marax.ai.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 198 2nd Floor Cmh Road 2nd Stage Near – Shanti Sagra Hotel Indiranagar, Bengaluru, Karnataka, India – 560038
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Competitors & Alternatives of Marax Technologies Private Limited
Brands and companies operating in the same space as Marax Technologies Private Limited include VoyagerX, Augtera, RelationalAI and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 VoyagerX | AI-based software solutions are provided through an innovative platform. | Seoul, South Korea | 2017 |
 Augtera | AI development services are provided to clients by Augtera. | San Francisco, United States | 2017 |
 RelationalAI | Knowledge graph coprocessor is developed for data cloud environments. | Berkeley, United States | 2017 |
 Mindgard | AI development services are provided for various applications. | London, United Kingdom | 2022 |
 Future Standard | AI development services are provided by Future Standard in Japan. | Bunkyo, Japan | 2014 |
 Axion Ray | AI-based data analytics solutions are provided for OEMs and suppliers. | Brooklyn, United States | 2021 |
 All Turtles | AI-based software development services are offered by All Turtles. | San Francisco, United States | 2017 |
 Ridge-i | AI development services are provided by Ridge-i in Japan. | Chiyoda City, Japan | 2016 |
 Oorbit | AI game development services are provided by Oorbit. | Menlo Park, United States | 2015 |
Business Activity of Marax Technologies Private Limited
The main business activity of Marax Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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.
Auditor Details of Marax Technologies Private Limited
Marax Technologies Private Limited is audited by R.K. Patnia & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R.K. Patnia & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Marax Technologies Private Limited
Marax Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prateek Gupta | Director | 20 Mar 2018 | 8 Years 6 Months | Current |
| Sumant Ullodi Subrahmanya | Director | 20 Mar 2018 | 8 Years 6 Months | Current |
| Raman Shrivastava | Director | 13 Jul 2016 | 10 Years 2 Months | Current |
Financials of Marax Technologies Private Limited FY 2022 filings available
Marax Technologies Private Limited reported revenue of ₹1.88 Cr (up 297% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Marax Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 67% over five years, including 297% growth in the latest year. EBITDA rose 64% 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 of Marax Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.88 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.83 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 of Marax Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2% | •••• | •••• | •••• | •••• |
| 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 Marax Technologies are in the company report.
Financial statements from FY 2017
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.
Ownership and Shareholding of Marax Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marax Technologies Private Limited
Marax Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Marax Technologies Private Limited
Employment history and EPFO contributions of people linked to Marax Technologies.
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.
GST Compliance of Marax Technologies Private Limited
Marax Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM4504A2ZQ | Karnataka | Active | 05 Jun 2018 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Marax Technologies 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 Marax Technologies 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 Marax Technologies 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.
MCA Filings & Documents of Marax Technologies 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.
Recent Activity on Marax Technologies Private Limited
Recent News on Marax Technologies Private Limited
Frequently Asked Questions about Marax Technologies Private Limited
Marax Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 13 July 2016 (10+ years old) and is registered under CIN U72900KA2016PTC094957.
Marax Technologies reported revenue of ₹1.88 Cr for FY 2022 (up 297% YoY).
Marax Technologies has 3 current directors:
- Prateek Gupta - Director
- Sumant Ullodi Subrahmanya - Director
- Raman Shrivastava - Director
Marax Technologies reported a net loss of ₹3.83 Lakh (net margin -2%) and EBITDA of -₹2.29 Lakh (EBITDA margin -1.2%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marax Technologies is 40% over three years and 67% over five years. In the latest year (FY 2022) revenue rose 297%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marax Technologies is 29AAKCM4504A2ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Marax Technologies is U72900KA2016PTC094957. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marax Technologies was incorporated on 13 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Marax Technologies can be reached through the website marax.ai. Its registered office is in Bengaluru, Karnataka, India.