About Max Hypermarket India Private Limited
Data last updated:
Max Hypermarket India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 19 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52190KA2004PTC037768. Its GSTIN is 29AAECM0847J1Z8 (Karnataka). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹975 Cr and a paid-up capital of ₹866.36 Cr. It is led by directors Vinod Krishna Menon and Rahul Nayak.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 77 Town Centre 2nd Floor East Wing, Off Hal Airport Road Yemlur P O Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,104.61 Cr. For the same year it recorded a net loss of ₹130.21 Cr (net margin -11.8%) and EBITDA of -₹94.98 Cr (EBITDA margin -8.6%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.
The company is associated with 1 brand: SPAR. As per MCA filings, the company has open charges of ₹295.5 Cr and satisfied charges of ₹169.7 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 sparindia.com.
Company details
CIN history
Max Hypermarket India has one previous CIN (Corporate Identification Number): U52190KA2005PTC037768. The current CIN is U52190KA2004PTC037768, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52190KA2004PTC037768 | Current |
| U52190KA2005PTC037768 | Previous |
Contact details
Max Hypermarket India Private Limited's registered office is in Bangalore, Karnataka. Its website is sparindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address77 Town Centre 2nd Floor East Wing, Off Hal Airport Road Yemlur P O Bangalore, Karnataka, India – 560037
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Max Hypermarket India 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
Brands
Max Hypermarket India operates one associated brand: SPAR. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| E-commerce support services are provided by SPAR in India. | sparindia.com |
Business activity
The main business activity of Max Hypermarket India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Max Hypermarket India Private Limited, buy the company report.
Financials of Max Hypermarket India Private Limited
FY 2025 filings availableMax Hypermarket India Private Limited reported revenue of ₹1,104.61 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,104.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹94.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹130.21 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.6% | ||||
| Net Profit Margin | -11.8% | ||||
| 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 Max Hypermarket India Private Limited, buy the company report.
Board of directors of Max Hypermarket India Private Limited
Max Hypermarket India has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Krishna Menon | Director | 02 Mar 2016 | 10 Years 7 Months | Current |
| Rahul Nayak | Additional Director | 08 Jun 2026 | 0 Years 4 Months | Current |
Peer comparison
Max Hypermarket India Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Max Hypermarket India Private Limitedthis company | ₹1,104.61 Cr (FY 2025) | -₹130.21 Cr | -11.8% | Bangalore, Karnataka, India | ||
| Swinsta Ent Private Limited | ₹1,006.19 Cr (FY 2025) | 568.0% | Gurgaon, Haryana, India | |||
| Modicare Limited | ₹931.15 Cr (FY 2024) | -19.0% | New Delhi, Delhi, India | |||
| Landmark Online India Private Limited | ₹780.52 Cr (FY 2025) | 17.0% | Bangalore, Karnataka, India | |||
| Nykaa Fashion Limited | ₹645.19 Cr (FY 2025) | 56.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Max Hypermarket India Private Limited, buy the company report.
Auditor
Max Hypermarket India Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Max Hypermarket India 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 Max Hypermarket India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2025 | 101145403 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 06 Apr 2023 | 100701112 | Axis Bank Limited | ₹115 Cr | Open | |
| 15 Oct 2015 | 10596737 | The Hongkong and Shanghai Banking Corporation Limited | ₹180 Cr | Open | |
| 19 Mar 2018 | 100167352 | Hdfc Bank Limited | ₹30 Cr | Satisfied | |
| 27 Nov 2014 | 10534595 | The Hongkong and Shanghai Banking Corporation Limited | ₹14.7 Cr | Satisfied |
To see the full charge records of Max Hypermarket India Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
No court or tribunal cases involving Max Hypermarket India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Max Hypermarket India Private Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Max Hypermarket India Private Limited, buy the company report.
MSME payment delays
Max Hypermarket India Private Limited has 34 MSME Form 1 returns on record between 2019 and 2024, listing 18,858 overdue payments to 655 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 (5 of 655)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Shadani India Private Limited | |||
| Brams Ventures & Logistics LLP | |||
| SDM Beverages Foods Private Limited | |||
| Ravi Agencies |
To see the full MSME payment records of Max Hypermarket India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Max Hypermarket India has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM0847J1Z8 | Karnataka | Active | 01 Jul 2017 |
| 29AAECM0847J2Z7 | Karnataka | Active | 19 Aug 2017 |
| 06AAECM0847J1ZG | Haryana | Active | 01 Jul 2017 |
| 07AAECM0847J1ZE | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Max Hypermarket India Private Limited, buy the company report.
Recent activity
Max Hypermarket India Private Limited has 15 board changes on record since 2009: 2 appointments and 13 cessations. The latest: Rahul Nayak was appointed as Additional Director on 08 Jun 2026.
28 earlier events are in the company report.
News
Frequently asked questions
Max Hypermarket India is an active private limited company based in Bangalore, Karnataka, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 19 August 2004 (22+ years old) and is registered under CIN U52190KA2004PTC037768.
Max Hypermarket India has 2 current directors:
- Vinod Krishna Menon - Director
- Rahul Nayak - Additional Director
The latest financial statements of Max Hypermarket India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Max Hypermarket India is 29AAECM0847J1Z8, registered in Karnataka. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAECM0847J2Z7 (Karnataka), 06AAECM0847J1ZG (Haryana), 07AAECM0847J1ZE (Delhi).
The CIN (Corporate Identification Number) of Max Hypermarket India is U52190KA2004PTC037768. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Max Hypermarket India was incorporated on 19 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Max Hypermarket India by revenue are Swinsta Ent Private Limited, Modicare Limited, Landmark Online India Private Limited, Nykaa Fashion Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading).
Rahul Nayak was appointed as Additional Director on 08 Jun 2026. Sashi Kumar Gumma ceased to be Additional Director on 01 Aug 2024. Visvanathan Srinivasan ceased to be Additional Director on 31 Aug 2020. Max Hypermarket India has 15 board changes on record in total.
Max Hypermarket India has 34 MSME Form 1 returns on record between 2019 and 2024, listing 18,858 overdue payments to 655 micro and small suppliers. The latest return was filed on 01 May 2024.
Max Hypermarket India can be reached through the website sparindia.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Max Hypermarket India is at 77 Town Centre 2nd Floor East Wing, Off Hal Airport Road Yemlur P O Bangalore, Karnataka, India – 560037.
Max Hypermarket India operates in the consumer services industry, in the hypermarkets and large retail chains segment.