Maxgrow Industries Limited
About Maxgrow Industries Limited
Data last updated:
Maxgrow Industries Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Unnao Trading Pvt. Ltd. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 21 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27310MH2013PLC241232. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as South Asian Oleo-Chemicals Private Limited and Maxgrow Industries Private Limited. It is led by directors Rajendra Mansukhlal Shah and Bakulesh Anantrai Parekh.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 103 Hubtown Solaris N S Phadke Marg Andheri East, Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2018, the company reported a revenue of ₹95,000, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹22.79 Lakh and EBITDA of -₹4.54 Lakh (EBITDA margin -478.3%).
Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹50 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Maxgrow Industries has undergone 2 name changes throughout its history. The company was previously known as South Asian Oleo-Chemicals Private Limited, and Maxgrow Industries Private Limited. The current legal name is Maxgrow Industries Limited.
| Company Name | Status |
|---|---|
| Maxgrow Industries Limited | Current |
| South Asian Oleo-Chemicals Private Limited | Previous |
| Maxgrow Industries Private Limited | Previous |
CIN history
Maxgrow Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27310MH2013PLC241232, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27310MH2013PLC241232 | Current |
| U27310MH2013PTC241232 | Previous |
| U52100MH2013PTC241232 | Previous |
Contact details
Maxgrow Industries Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address103 Hubtown Solaris N S Phadke Marg Andheri East, Mumbai, Maharashtra, India – 400069
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Maxgrow Industries Limited, buy the company report.
- 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
Financials of Maxgrow Industries Limited
FY 2018 filings availableMaxgrow Industries Limited reported revenue of ₹95,000 (down 94% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 94% in the latest year. EBITDA fell 133% 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹95,000 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹4.54 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹22.79 Lakh | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -478.3% | |||
| Net Profit Margin | ||||
| 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 | ||||
To see the full financial statements and ratios of Maxgrow Industries Limited, buy the company report.
Board of directors of Maxgrow Industries Limited
Maxgrow Industries has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Mansukhlal Shah | Additional Director | 26 Feb 2018 | 8 Years 7 Months | Current |
| Bakulesh Anantrai Parekh | Additional Director | 04 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Maxgrow Industries Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ridhi Sidhi Commodities Pvt Ltd | ₹97,769 (FY 2025) | -77.0% | Kolkata, West Bengal, India | |||
| Anupam Ingredients Private Limited | ₹97,488 (FY 2023) | 534.0% | Mumbai, Maharashtra, India | |||
| Guhan Foods and Chemicals Private Limited | ₹96,001 (FY 2025) | -100.0% | Aligarh, Uttar Pradesh, India | |||
| Shuchi Healthcare Private Limited | ₹95,553 (FY 2025) | Ahmedabad, Gujarat, India | ||||
| Maxgrow Industries Limitedthis company | ₹95,000 (FY 2018) | -₹22.79 Lakh | -94.0% | Mumbai, Maharashtra, India | ||
| Extoll Additives Private Limited | ₹95,000 (FY 2024) | -51.0% | Ahmedabad, Gujarat, India | |||
| Kirtan International Infracon Private Limited | ₹93,686 (FY 2025) | -78.0% | Kolkata, West Bengal, India | |||
| Aluchem Lubricants (I) Private Limited | ₹92,050 (FY 2025) | Morbi, Gujarat, India | ||||
| Multiprofile Impex Private Limited | ₹91,930 (FY 2018) | -94.0% | Mumbai, Maharashtra, India | |||
| Triton Bio-Chemicals Private Limited | ₹90,000 (FY 2024) | Mumbai, Maharashtra, India | ||||
| Exq Glitz Private Limited | ₹89,425 (FY 2024) | -23.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Maxgrow Industries Limited, buy the company report.
Auditor
Maxgrow Industries Limited is audited by B N KEDIA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B N KEDIA & CO | FY 2018 | 001652N |
Shareholding
The shareholding of Maxgrow Industries Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maxgrow Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2017 | 100177869 | Others | ₹50 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Maxgrow Industries Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Punjab National Bank Th. K.M. Nehru | Disposed |
To see the full case history of Maxgrow Industries Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maxgrow Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Maxgrow Industries has 6 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Maxgrow Textile Private Limited | U17291WB2015PTC206700 | |
| Krishaa Biotech Private Limited | U24100WB2015PTC206682 | |
| Maxgrow Tube and Energy Private Limited | U40300WB2015PTC207008 | |
| New Pride Commotrade Private Limited | U51101MH2010PTC203768 | |
| Maxgrow Overseas Limited | U51909WB2008PLC128225 | |
| Worldwide Resorts and Developers Private Limited | U70102WB2015PTC206681 |
To see the full group structure of Maxgrow Industries Limited, buy the company report.
GST
Maxgrow Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Maxgrow Industries Limited, buy the company report.
Recent activity
Maxgrow Industries Limited has 14 board changes on record since 2013: 8 appointments and 6 cessations. The latest: Kenny Kanikaraj Devassa ceased to be Additional Director on 16 Dec 2019.
6 earlier events are in the company report.
Frequently asked questions
Maxgrow Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 21 March 2013 (13+ years old) and is registered under CIN U27310MH2013PLC241232.
Maxgrow Industries has 2 current directors:
- Rajendra Mansukhlal Shah - Additional Director
- Bakulesh Anantrai Parekh - Additional Director
The latest financial statements of Maxgrow Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Maxgrow Industries has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Maxgrow Industries is U27310MH2013PLC241232. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxgrow Industries has 1 court case on record: 1 filed against it.
Maxgrow Industries was incorporated on 21 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maxgrow Industries by revenue are Ridhi Sidhi Commodities Pvt Ltd, Anupam Ingredients Private Limited, Guhan Foods and Chemicals Private Limited, Shuchi Healthcare Private Limited, Extoll Additives Private Limited and 5 more, all in the Chemicals industry (Chemical Retail and Distribution).
Kenny Kanikaraj Devassa ceased to be Additional Director on 16 Dec 2019. Kenny Kanikaraj Devassa was appointed as Additional Director on 28 Mar 2019. Rahul Saraf ceased to be Director on 28 Mar 2019. Maxgrow Industries has 14 board changes on record in total.
The registered office of Maxgrow Industries is at 103 Hubtown Solaris N S Phadke Marg Andheri East, Mumbai, Maharashtra, India – 400069.
Maxgrow Industries operates in the chemicals and materials industry, in the chemical distribution and retail segment.