About Max Motors Private Limited
Data last updated:
Max Motors Private Limited was a private limited company based in Thane, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 18 November 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2004PTC149571. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was led by directors Ajay Pratap Ashar and Anju Ajay Ashar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 11th Floor Ashar IT Park, Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.95 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹2.84 Cr (net margin 96.3%) and EBITDA of ₹2.87 Cr (EBITDA margin 97.4%). Revenue has grown at a compounded annual rate (CAGR) of 46% over five years.
As per MCA filings, the company had open charges of ₹21.6 Cr and satisfied charges of ₹29.6 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The last known website on record is maxmotors.in.
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- Registered Address11th Floor Ashar IT Park Road No – 16Z Wagle Industrial Estate Agriculture Bus, Stop, Thane, Maharashtra, India – 400604
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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
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Financials of Max Motors Private Limited FY 2024 filings available
Max Motors Private Limited reported revenue of ₹2.95 Cr (down 63% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Max Motors Private Limited
Revenue fell 63% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 46%. EBITDA fell 63% 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 Max Motors Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.87 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.84 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 of Max Motors Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 97.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 96.3% | •••• | •••• | •••• | •••• |
| 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 Max Motors are in the company report.
Financial statements from 2015
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.
Peer Comparison of Max Motors Private Limited
Max Motors Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Padamnabham Automobiles Private Limited | ₹2.96 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Noida, Uttar Pradesh, India |
| Liflo Private Limited | ₹2.96 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Hyderabad, Telangana, India |
| Patil Trucks Private Limited | ₹2.96 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Bijapur, Karnataka, India |
| Hygene Enviro Private Limited | ₹2.95 Cr (FY 2019) | •••• | •••• | -11.0% | •••• | Chennai, Tamil Nadu, India |
| Phoenix Car Accessories Private Limited | ₹2.95 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Max Motors Private Limited this company | ₹2.95 Cr (FY 2024) | •••• | •••• | -63.0% | •••• | Thane, Maharashtra, India |
| Dugar Motor Co Pvt Ltd | ₹2.95 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Kolkata, West Bengal, India |
| Jalore Automobiles Private Limited | ₹2.94 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | Sirohi, Rajasthan, India |
| Fyra Autokraft Solutions Private Limited | ₹2.94 Cr (FY 2023) | •••• | •••• | 38.0% | •••• | Ernakulam, Kerala, India |
| Flamex Foods and Drinks Private Limited | ₹2.94 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Indore, Madhya Pradesh, India |
| Kap EV Private Limited | ₹2.93 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Max Motors by revenue in the Automobiles industry (Auto and Components Dealers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Max Motors Private Limited
Max Motors Private Limited is audited by ATMS & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ATMS & CO LLP | 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 Max Motors Private Limited
Max Motors has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Pratap Ashar Also directs: Modella Textile Industries Limited, Shelter Realty Private Limited, Kryshnajay Developers Private Limited and 2 more | Director | 18 Nov 2004 | 21 Years 10 Months | As last reported |
| Anju Ajay Ashar | Director | 02 Jul 2012 | 14 Years 3 Months | As last reported |
Ownership and Shareholding of Max Motors 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 Max Motors Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Mar 2022 | Tjsb Sahakari Bank Limited | ₹11 Cr | Satisfied |
| 24 Nov 2021 | Tjsb Sahakari Bank Limited | ₹10.6 Cr | Satisfied |
| 20 Oct 2007 | Icici Bank Ltd | ₹8 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Max Motors Private Limited
Max Motors Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked on 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (UN CR) | Filed against the company by Sagar Hitech Infrastructure Thro | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Max Motors Private Limited
Employment history and EPFO contributions of people linked to Max Motors.
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.
Recent Activity on Max Motors Private Limited
Max Motors Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Ajay Pratap Ashar ceased to be Managing Director on 02 Jan 2019.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Max Motors 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 Max Motors 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 Max Motors 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.
GST Compliance of Max Motors Private Limited
Max Motors has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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.
MCA Filings & Documents of Max Motors 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.
Frequently Asked Questions about Max Motors Private Limited
Max Motors has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Max Motors was a private limited company based in Thane, Maharashtra, India. The company worked in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 18 November 2004 and is registered under CIN U51909MH2004PTC149571. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Max Motors was incorporated on 18 November 2004. It is registered with the Registrar of Companies, Mumbai.
Max Motors had 2 directors:
- Ajay Pratap Ashar - Director
- Anju Ajay Ashar - Director
The CIN (Corporate Identification Number) of Max Motors is U51909MH2004PTC149571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Max Motors is at 11th Floor Ashar IT Park Road No – 16Z Wagle Industrial Estate Agriculture Bus, Stop, Thane, Maharashtra, India – 400604.
Max Motors can be reached through the website maxmotors.in. Its registered office is in Thane, Maharashtra, India.
Max Motors reported revenue of ₹2.95 Cr for FY 2024 (down 63% YoY).
Max Motors has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh.
Max Motors reported a net profit of ₹2.84 Cr (net margin 96.3%) and EBITDA of ₹2.87 Cr (EBITDA margin 97.4%) for FY 2024, as per its filed financial statements.
No. Max Motors has 3 GST registrations on record and all of them are cancelled or inactive.