About Max Spare Limited
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Max Spare Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 04 April 1967 and has been in existence for over 59 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32109MH1967PLC013711. Its GSTIN is 27AADCS6349E1Z9 (Maharashtra).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹53.81 Cr. It was formerly known as Spare-Age Seals Limited and Spare-Age (India) Limited. It is led by directors including Jagmeet Singh Sabharwal (Managing Director) and Sheetal Jagmeet Singh Sabharwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Max House Flat No 8 1st Floor Shyam Kripa Chs Ltd Plot No 427 15th Road Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2025, the company reported a revenue of ₹337.38 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹42.71 Cr (net margin 12.7%) and EBITDA of ₹80.81 Cr (EBITDA margin 24%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 18% over five years.
The company has about 357 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Max Spare. As per MCA filings, the company has open charges of ₹331.57 Cr and satisfied charges of ₹111.38 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxspare.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressMax House Flat No 8 1st Floor Shyam Kripa Chs Ltd Plot No 427 15th Road Khar West, Mumbai, Maharashtra, India – 400052
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
Name History of Max Spare Limited
Max Spare has undergone 4 name changes throughout its history. The current legal name is Max Spare Limited.
| Company Name | Status |
|---|---|
| Max Spare Limited | Current |
| Spare-Age Seals Limited | Previous |
| Spare-Age (India) Limited | Previous |
| Spare-Age (India) Private Limited | Previous |
| Spare-Age (India) Limited | Previous |
CIN History of Max Spare Limited
Max Spare has one previous CIN (Corporate Identification Number): U32109MH1967PTC013711. The current CIN is U32109MH1967PLC013711, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109MH1967PLC013711 | Current |
| U32109MH1967PTC013711 | Previous |
Associated Brands with Max Spare Limited
Max Spare operates one associated brand: Max Spare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying seals, V-belts, and industrial products with a focus on quality and speed. | maxspare.com |
Business Activity of Max Spare Limited
The main business activity of Max Spare is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | 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 Max Spare Limited
Max Spare Limited is audited by SARBJIT SINGH CHAUDHARY & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SARBJIT SINGH CHAUDHARY & 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 Max Spare Limited
Max Spare has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetal Jagmeet Singh Sabharwal | Director | 13 Nov 2014 | 11 Years 10 Months | Current |
| Jagmeet Singh Sabharwal | Managing Director | 01 Apr 1999 | 27 Years 6 Months | Current |
| Tripti Nishant Sawant Also directs: United Vander Horst Ltd, Indo Amines Limited | Director | 28 Jul 2022 | 4 Years 2 Months | Current |
| Akshay Ashokan Veliyil Also directs: United Vander Horst Ltd | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Sonal Singh Also directs: Karamtara Agrotech Private Limited | Director | 20 Mar 2019 | 7 Years 6 Months | Current |
| Rubina Inderpal Sabharwal | Director | 20 Mar 2024 | 2 Years 6 Months | Current |
Financials of Max Spare Limited FY 2025 filings available
Max Spare Limited reported revenue of ₹337.38 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Max Spare Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 5% growth in the latest year. EBITDA rose 5% 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 Spare Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹80.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.71 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Max Spare Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.7% | •••• | •••• | •••• | •••• |
| 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 Spare 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.
Ownership and Shareholding of Max Spare 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 Spare Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Citi Bank N.A. | ₹38 Cr | Open |
| 03 Aug 2022 | Axis Bank Limited | ₹14.37 Cr | Open |
| 29 Jun 2022 | Others | ₹1 Cr | Open |
| 26 Jun 2018 | Others | ₹2.59 Cr | Open |
| 03 May 2018 | Axis Bank Limited | ₹4 Cr | Open |
Total charge records: 23 View all charges
Employees and EPFO Compliance at Max Spare Limited
Max Spare Limited has a workforce of 357 employees as of Apr 06, 2024.
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 Max Spare Limited
Max Spare has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS6349E1Z9 | Maharashtra | Active | 01 Jul 2017 |
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.
Legal Cases of Max Spare Limited
Max Spare Limited has 6 court cases on record: 4 filed by Max Spare, 1 filed against it, 1 where it is another party. 1 case is pending and 5 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Denim Vistara Global Private Limited and 1 other | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref IDA) | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Company is another party | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Court case (Cri.Rev.App.) | Filed by the company against an individual | Disposed |
Full case history
All 6 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.
Credit Ratings, Litigation & Regulatory Alerts for Max Spare 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 Spare 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 Spare 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 Max Spare 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 Max Spare Limited
Frequently Asked Questions about Max Spare Limited
Max Spare is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 04 April 1967 (59+ years old) and is registered under CIN U32109MH1967PLC013711.
Max Spare reported revenue of ₹337.38 Cr for FY 2025 (up 5% YoY).
Max Spare has 6 current directors:
- Jagmeet Singh Sabharwal - Managing Director
- Sheetal Jagmeet Singh Sabharwal - Director
- Tripti Nishant Sawant - Director
- Akshay Ashokan Veliyil - Director
- Sonal Singh - Director
- Rubina Inderpal Sabharwal - Director
Max Spare reported a net profit of ₹42.71 Cr (net margin 12.7%) and EBITDA of ₹80.81 Cr (EBITDA margin 24%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Max Spare is 12% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Max Spare is 27AADCS6349E1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Max Spare is U32109MH1967PLC013711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Max Spare has 6 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Max Spare was incorporated on 04 April 1967, making it 59+ years old. It is registered with the Registrar of Companies, Mumbai.