Max Spare Limited - Company Profile

It is a machinery and equipment public limited company based in Mumbai, Maharashtra, India, established in 1967.
1967 Mumbai, Maharashtra, India Active
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About Max Spare Limited

Max Spare Limited, a active public limited company, was established on 04 April 1967 in Mumbai, Maharashtra, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: U32109MH1967PLC013711. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹60.00 Cr and a paid-up capital of ₹53.81 Cr.

Formerly known as Spare-Age Seals Limited, Spare-Age (India) Limited. It upholds a compliant status. Employing 357 professional, Its leadership includes Akshay Ashokan Veliyil (Director), Rubina Inderpal Sabharwal (Director), Tripti Mahesh Sharma (Director). Past directors included Rajpal Kaur Ushpal Singh Sabharwal, Akshay Ashokan Veliyil, Rubina Inderpal Sabharwal. It holds ₹331.57 Cr open charges and ₹111.38 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Max House,Flat No 8, 1St Floor,Shyam Kripa Chs Ltd Plot No 427,15Th Road, Khar West, Mumbai, Maharashtra, 400052.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U32109MH1967PLC013711

  • Registration Number

    013711

  • Incorporation Date

    04 April 1967

  • Authorized Capital

    ₹60.00 Cr

  • Paid-Up Capital

    ₹53.81 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 53.81 Cr
  • Company Age 58 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 331.57 Cr
  • Satisfied Charges ₹ 111.38 Cr
  • Revenue Growth **** 24.70%
  • Profit Growth **** 63.74%
  • Ebitda **** 128.83%
  • Net Worth 45.65%
  • Total Assets **** 16.21%
Company report

Max Spare Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Max Spare 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 Max Spare Limited?
Current Directors
Name Designation Appointment Date Status
Akshay Ashokan Veliyil Director 01 Apr 2019 Current
Rubina Inderpal Sabharwal Director 20 Mar 2024 Current
Tripti Mahesh Sharma Director 28 Jul 2022 Current
Jagmeet Singh Sabharwal Managing Director 01 Apr 1999 Current
Sheetal Jagmeet Singh Sabharwal Director 13 Nov 2014 Current
Sonal Singh Director 20 Mar 2019 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Whole-Time Director 01 Apr 2024 Past
Pramod Abcsdd Additional Director 30 Sep 2019 Past
Pramod Abcsdd Additional Director 29 Sep 2024 Past
Pramod Abcsdd Director 30 Sep 2014 Past
Pramod Abcsdd Additional Director 30 Sep 2022 Past
Pramod Abcsdd Director 15 Jul 2017 Past

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Financial Performance of Max Spare.

Max Spare Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 24.7% increase. The company also saw a substantial improvement in profitability, with a 63.74% increase in profit. The company's net worth Soared by an impressive increase of 45.65%.

Max Spare revenue growth over time
Max Spare profit and loss trends over time
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
  • 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
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 24.70%
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Revenue from Operations
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 24.17%
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Total Assets
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 16.21%
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Profit or Loss
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 63.74%
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Net Worth
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 45.65%
*******
*******
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EBITDA
*******
 128.83%
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*******
*******
*******

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What is the Ownership and Shareholding Structure of Max Spare?

In 2023, Max Spare had a promoter holding of 92.94% and a public holding of 7.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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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Charges (Loans)
Open Charges

₹3,315,674,000.00

Satisfied Charges

₹1,113,808,000.00

Charges Breakdown by Lending Institutions
  • Others : 211.51 Cr
  • Axis Bank Limited : 82.06 Cr
  • Citi Bank N.A. : 38.00 Cr
Latest Charge Details
Date Lender Amount Status
28 Mar 2024 Citi Bank N.A. ₹38.00 Cr Open
03 Aug 2022 Axis Bank Limited ₹14.37 Cr Open
29 Jun 2022 Others ₹1.00 Cr Open
26 Jun 2018 Others ₹2.59 Cr Open
03 May 2018 Axis Bank Limited ₹4.00 Cr Open

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How Many Employees Work at Max Spare?

Max Spare has a workforce of 357 employees as of Apr 06, 2024. 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Max Spare, 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 Max Spare's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Max Spare
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others of Rs. 207.92 Cr registered on 31 Aug 2016 with Charge ID 100061609 was modified on 05 Mar 2025. was documented.

  • Charges

    A charge with Citi Bank N.A. of Rs. 38.00 Cr registered on 28 Mar 2024 with Charge ID 100919824 was modified on 28 Oct 2024. was recorded as a recent event.

  • Annual General Meeting

    Max Spare Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Max Spare Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Charges

    Progress on A charge with Citi Bank N.A. amounted to Rs. 38.00 Cr with Charge ID 100919824 was registered on 28 Mar 2024. was documented.

  • Director Appointment

    Progress on Rubina Inderpal Sabharwal was appointed as a Director was appointed as a Director on 20 Mar 2024 & has been associated with this company since 1 year 10 months . was documented.

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Frequently Asked Questions
What is the CIN of Max Spare Limited?

The CIN of Max Spare Limited is U32109MH1967PLC013711.

Where is Max Spare Limited headquartered?

Max Spare Limited is headquartered at Max House,Flat No 8, 1St Floor,Shyam Kripa Chs Ltd Plot No 427,15Th Road, Khar West, Mumbai, Maharashtra, 400052.

When was Max Spare Limited incorporated?

Max Spare Limited was incorporated on 04 April 1967.

Who are the current directors of Max Spare Limited?

The current directors of Max Spare Limited are

What is the primary industry of Max Spare Limited?

The primary industry of Max Spare Limited is Manufacturing.

Is Max Spare Limited a listed company?

Max Spare Limited is unlisted.

What is the capital structure of Max Spare Limited?

The authorized capital of Max Spare Limited is ₹60.00 Cr, and the paid-up capital is ₹53.81 Cr.

What is the compliance status of Max Spare Limited?

The compliance status of Max Spare Limited is Compliant.

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