MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-22-0026395
Maxace Pharma Private Limited
Maxace Pharma Private Limited - pharma in Mysore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.65 Cr
▼ 7% YoY
Net profit · FY 2024
₹84,433
Net margin 0.5%
EBITDA · FY 2024
₹5.76 Lakh
EBITDA margin 3.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹41 Lakh
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Maxace Pharma Private Limited
Data last updated:
Maxace Pharma Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 11 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24234KA2021PTC151668. Its GSTIN is 29AAOCM9546Q1Z6 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Satish Jayakrishna Setty and Prasannakumarsetty Kavitha.
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 No 688/B F 36/B B Garden 2nd Main Road K R Mohalla Lakshmipuram, Mysore, Karnataka, India – 570004.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.65 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹84,433 (net margin 0.5%) and EBITDA of ₹5.76 Lakh (EBITDA margin 3.5%).
As per MCA filings, the company has open charges of ₹41 Lakh on record.
Maxace Pharma Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-22-0026395).
Company Details of Maxace Pharma Private Limited
CIN U24234KA2021PTC151668
Registration Number 151668
Incorporation Date 11 September 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-22-0026395
Recognitions & Rankings of Maxace Pharma
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo 688/B F 36/B B Garden 2nd Main Road K R Mohalla Lakshmipuram, Mysore, Karnataka, India – 570004
- IndustryPharma, Drug Formulation & Development
Comprehensive company report
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Business Activity of Maxace Pharma Private Limited
The main business activity of Maxace Pharma is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Maxace Pharma Private Limited FY 2025 filings available
Maxace Pharma Private Limited reported revenue of ₹1.65 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹1.65 Cr ▼ 7%
Net profit · FY 2024
₹84,433 margin 0.5%
EBITDA · FY 2024
₹5.76 Lakh margin 3.5%
Compounded Annual Growth Rate (CAGR) of Maxace Pharma Private Limited
Revenue CAGR growth
1 year
▼ 7%
EBITDA CAGR growth
1 year
▼ 13%
Revenue fell 7% in the latest year. EBITDA fell 13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Maxace Pharma Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹5.76 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹84,433 | •••• | •••• |
| 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 Maxace Pharma Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.5% | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• |
| 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 Maxace Pharma are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
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- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Maxace Pharma Private Limited
Maxace Pharma has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Jayakrishna Setty | Director | 11 Sep 2021 | 5 Years 1 Months | Current |
| Prasannakumarsetty Kavitha | Director | 11 Sep 2021 | 5 Years 1 Months | Current |
Peer Comparison of Maxace Pharma Private Limited
Maxace Pharma Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rupaly Techno Services Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Delhi, India |
| Iconic Global Consulting Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Gurgaon, Haryana, India |
| Maksolar Systems Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 3364.0% | •••• | Alwar, Rajasthan, India |
| Triple Three India Energy Solutions Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Asr Water Solutions Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Maxace Pharma Private Limited this company | ₹1.65 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Mysore, Karnataka, India |
| Wellmark Technologies Private Limited | ₹1.65 Cr (FY 2016) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| RMP Mallika Online Solutions Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Natendrapur, West Bengal, India |
| Enmark Exim (India) Private Limited | ₹1.65 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| Svarnim Khedut Producer Company Limited | ₹1.65 Cr (FY 2024) | •••• | •••• | 75.0% | •••• | Mundra, Gujarat, India |
| Viyamit Trading Private Limited | ₹1.65 Cr (FY 2024) | •••• | •••• | 1352.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Maxace Pharma by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Maxace Pharma Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Maxace Pharma Private Limited
Open charges
₹41 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jun 2022 | City Union Bank Limited | ₹41 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Maxace Pharma Private Limited
Maxace Pharma Private Limited has a workforce of 0 employees as of Mar 22, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Maxace Pharma Private Limited
Maxace Pharma Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Prasannakumarsetty Kavitha was appointed as Director on 11 Sep 2021.
AGM
Maxace Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Maxace Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with City Union Bank Limited amounted to Rs. 41.00 Lakh with Charge ID 100606335 was registered on 16 Jun 2022.
Appointed
Prasannakumarsetty Kavitha was appointed as Director.
Appointed
Satish Jayakrishna Setty was appointed as Director.
Incorporation
11 Sep 2021
Maxace Pharma Private Limited was registered on 11 Sep 2021 with Roc Bangalore & aged 5 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Maxace Pharma Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by Maxace Pharma Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Maxace Pharma Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Maxace Pharma Private Limited
Maxace Pharma has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM9546Q1Z6 | Karnataka | Active | 22 Oct 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Maxace Pharma Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Maxace Pharma Private Limited
Maxace Pharma is an active private limited company based in Mysore, Karnataka, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 11 September 2021 (5+ years old) and is registered under CIN U24234KA2021PTC151668.
Maxace Pharma reported revenue of ₹1.65 Cr for FY 2024 (down 7% YoY).
Maxace Pharma has 2 current directors:
- Satish Jayakrishna Setty - Director
- Prasannakumarsetty Kavitha - Director
Maxace Pharma reported a net profit of ₹84,433 (net margin 0.5%) and EBITDA of ₹5.76 Lakh (EBITDA margin 3.5%) for FY 2024, as per its filed financial statements.
The GSTIN of Maxace Pharma is 29AAOCM9546Q1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Maxace Pharma is U24234KA2021PTC151668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxace Pharma was incorporated on 11 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Maxace Pharma by revenue are Rupaly Techno Services Private Limited, Iconic Global Consulting Private Limited, Maksolar Systems Private Limited, Triple Three India Energy Solutions Private Limited, Asr Water Solutions Private Limited and 5 more, all in the same principal business activity (Wholesale Trading).
Prasannakumarsetty Kavitha was appointed as Director on 11 Sep 2021. Satish Jayakrishna Setty was appointed as Director on 11 Sep 2021.
Yes, Maxace Pharma is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-22-0026395).
The registered office of Maxace Pharma is at No 688B F 36B B Garden 2nd Main Road K R Mohalla Lakshmipuram, Mysore, Karnataka, India – 570004.