About Maxam India Private Limited
Data last updated:
Maxam India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Maxam Corp International Sl. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 09 November 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2006FTC155331. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.81 Cr and a paid-up capital of ₹2.76 Cr. It is led by directors including Ajay Jain and Adarsh Sharma (Irp/Rp/Liquidator).
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 is at 16/10 1st Floor Near Rohtak Road, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.2 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹2.15 Cr (net margin -97.5%) and EBITDA of -₹2.01 Cr (EBITDA margin -91.1%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 35% over five years.
The company is associated with 1 brand: MAXAM. Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is maxamcorp.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address16/10 1st Floor Near Rohtak Road, New Delhi, Delhi, India – 110005
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
Business Activity of Maxam India Private Limited
The main business activity of Maxam India 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 |
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.
Financials of Maxam India Private Limited FY 2024 filings available
Maxam India Private Limited reported revenue of ₹2.2 Cr (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Maxam India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 83% fall in the latest year. EBITDA fell 221% 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 Maxam India 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 | -₹2.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.15 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 Maxam India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -91.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -97.5% | •••• | •••• | •••• | •••• |
| 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 Maxam India 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 Maxam India Private Limited
Maxam India Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunanda Medicare Services Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kozhikode, Kerala, India |
| Keerthi Petrochem Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Telangana, India |
| Hiec Trading Company Private Limited | ₹2.21 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | Chennai, Tamil Nadu, India |
| Tisha Organics Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Jaipur, Rajasthan, India |
| Hinshitsu Technology Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Vapi, Gujarat, India |
| Maxam India Private Limited this company | ₹2.2 Cr (FY 2024) | •••• | •••• | -83.0% | •••• | New Delhi, Delhi, India |
| Toriex Chemicals Private Limited | ₹2.2 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Faridabad, Haryana, India |
| World Paints Industries (OPC) Private Limited | ₹2.19 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Jaipur, Rajasthan, India |
| Heralds Trading Private Limited | ₹2.19 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Mumbai, Maharashtra, India |
| Sudha Solvents Private Limited | ₹2.19 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Meerut, Uttar Pradesh, India |
| Raschig PMC India Private Limited | ₹2.18 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maxam India by revenue in the Chemicals industry (Chemical Retail and Distribution), 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 Maxam India Private Limited
Maxam India Private Limited is audited by ARG & CO. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARG & 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 Maxam India Private Limited
Maxam India has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Jain | Director | 03 Jun 2024 | 2 Years 4 Months | As last reported |
| Adarsh Sharma | Irp/Rp/Liquidator | 02 May 2025 | 1 Years 5 Months | As last reported |
| Juan Carlos Garcia Lujan | Director | 18 Jun 2020 | 6 Years 3 Months | As last reported |
| Ramses Esperon Campos | Director | 11 Jul 2024 | 2 Years 3 Months | As last reported |
| Maxim Karlov | Director | 01 Jul 2015 | 11 Years 3 Months | As last reported |
Ownership and Shareholding of Maxam India 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 Maxam India Private Limited
Maxam India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Maxam India Private Limited
Maxam India Private Limited has 1 court case on record: 1 filed by Maxam India. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Ors | Disposed |
Full case history
All 1 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.
Associated Brands with Maxam India Private Limited
Maxam India operates one associated brand: MAXAM. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operations are managed across multiple industries by the diversified conglomerate. | maxamcorp.com |
Employees and EPFO Compliance at Maxam India Private Limited
Employment history and EPFO contributions of people linked to Maxam India.
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 Maxam India Private Limited
Maxam India Private Limited has 16 board changes on record since 2008: 5 appointments and 11 cessations. The latest: Adarsh Sharma was appointed as Irp/Rp/Liquidator on 02 May 2025.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maxam India 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 Maxam India 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 Maxam India 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 Maxam India Private Limited
Maxam India has 1 GST registration on record, and it has been cancelled or is 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 Maxam India 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 Maxam India Private Limited
Maxam India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Maxam India is a company under liquidation, formerly operating as a foreign private limited company based in New Delhi, Delhi, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 09 November 2006 and is registered under CIN U74999DL2006FTC155331. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maxam India reported revenue of ₹2.2 Cr for FY 2024 (down 83% YoY).
Maxam India has 5 current directors:
- Ajay Jain - Director
- Juan Carlos Garcia Lujan - Director
- Ramses Esperon Campos - Director
- Maxim Karlov - Director
- Adarsh Sharma - Irp/Rp/Liquidator
Maxam India reported a net loss of ₹2.15 Cr (net margin -97.5%) and EBITDA of -₹2.01 Cr (EBITDA margin -91.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maxam India is -31% over three years and -35% over five years. In the latest year (FY 2024) revenue fell 83%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Maxam India is U74999DL2006FTC155331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxam India has 1 court case on record: 1 filed by the company.
Maxam India was incorporated on 09 November 2006. It is registered with the Registrar of Companies, Delhi.
The peers of Maxam India by revenue are Sunanda Medicare Services Private Limited, Keerthi Petrochem Private Limited, Hiec Trading Company Private Limited, Tisha Organics Private Limited, Hinshitsu Technology Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Adarsh Sharma was appointed as Irp/Rp/Liquidator on 02 May 2025. Rajendra Kumar Verma ceased to be Managing Director on 10 Oct 2024. Ajay Jain ceased to be Additional Director on 29 Sep 2024. Maxam India has 16 board changes on record in total.