Maxgrow Industries Limited - Company Profile

It is a chemicals and materials public limited company based in Mumbai, Maharashtra, India, established in 2013.
2013 Mumbai, Maharashtra, India Active
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About Maxgrow Industries Limited

Maxgrow Industries Limited, a active public limited company, was established on 21 March 2013 in Mumbai, Maharashtra, India. Engaging in chemical distribution & retail within the chemicals and materials sector, it holds CIN: U27310MH2013PLC241232. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.50 Cr and a paid-up capital of ₹2.50 Cr.

Formerly known as South Asian Oleo-Chemicals Private Limited, Maxgrow Industries Private Limited. It upholds a active non-compliant status. Its leadership includes Kenny Kanikaraj Devassa (Additional Director), Bakulesh Anantrai Parekh (Additional Director), Rajendra Mansukhlal Shah (Additional Director). Past directors included Rajendra Prasad Saraf, Kenny Kanikaraj Devassa, Bikash Saraf. It holds ₹50.00 Cr open charges and no settled loans. Its latest AGM occurred on 29 September 2018, with the balance sheet filed on 31 March 2018. It is based at 103, Hubtown Solaris, N S Phadke Marg,Andheri East, Mumbai, Maharashtra, 400069.

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

    U27310MH2013PLC241232

  • Registration Number

    241232

  • Incorporation Date

    21 March 2013

  • Authorized Capital

    ₹2.50 Cr

  • Paid-Up Capital

    ₹2.50 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.50 Cr
  • Company Age 12 Year, 11 Months
  • Last Filing with ROC 31 Mar 2018
  • Open Charges ₹ 50.00 Cr
  • Revenue Growth **** -93.96%
  • Profit Growth **** -575.28%
  • Ebitda **** -172.04%
  • Net Worth 177.15%
  • Total Assets **** 87.19%
Company report

Maxgrow Industries Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Maxgrow Industries 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 Maxgrow Industries Limited?
Current Directors
Name Designation Appointment Date Status
Kenny Kanikaraj Devassa Additional Director 28 Mar 2019 Current
Bakulesh Anantrai Parekh Additional Director 04 Mar 2016 Current
Rajendra Mansukhlal Shah Additional Director 26 Feb 2018 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 26 Feb 2018 Past
Pramod Abcsdd Additional Director 16 Dec 2019 Past
Pramod Abcsdd Director 28 Mar 2013 Past
Pramod Abcsdd Director 28 Mar 2019 Past
Pramod Abcsdd Additional Director 26 Feb 2018 Past
Pramod Abcsdd Director 04 Mar 2016 Past

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Financial Performance of Maxgrow Industries.

Maxgrow Industries Limited, for the financial year ended 2018, experienced significant reduction in revenue, with a 93.96% decrease. The company also saw a substantial fall in profitability, with a 575.28% decrease in profit. The company's net worth Soared by an impressive increase of 177.15%.

Maxgrow Industries revenue growth over time
Maxgrow Industries 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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 -93.96%
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Revenue from Operations
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Total Assets
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 87.19%
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Profit or Loss
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 -575.28%
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Net Worth
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 177.15%
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EBITDA
*******
 -172.04%
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*******
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What is the Ownership and Shareholding Structure of Maxgrow Industries?

In 2018, Maxgrow Industries had a promoter holding of 14.80% and a public holding of 85.20%. The company had 6 Subsidiaries. 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

₹500,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 50.00 Cr
Latest Charge Details
Date Lender Amount Status
24 Nov 2017 Others ₹50.00 Cr Open

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How Many Employees Work at Maxgrow Industries?

Unlock and access historical data on people associated with Maxgrow Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 Maxgrow Industries, 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 Maxgrow Industries'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 Maxgrow Industries
Recent Activity within the Organization
  • Director Appointment

    Progress on Kenny Kanikaraj Devassa was appointed as a Additional Director was appointed as a Additional Director on 28 Mar 2019 & has been associated with this company since 6 years 11 months . was documented.

  • Annual General Meeting

    Progress on Maxgrow Industries Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records. was documented.

  • Balance Sheet

    The activity Maxgrow Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Mumbai. was completed.

  • Director Appointment

    Rajendra Mansukhlal Shah was appointed as a Additional Director was appointed as a Additional Director on 26 Feb 2018 & has been associated with this company since 8 years 3 days . was recorded as a recent event.

  • Charges

    The activity A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100177869 was registered on 24 Nov 2017. was completed.

  • Director Appointment

    Bakulesh Anantrai Parekh was appointed as a Additional Director was appointed as a Additional Director on 04 Mar 2016 & has been associated with this company since 9 years 11 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Maxgrow Industries Limited?

The CIN of Maxgrow Industries Limited is U27310MH2013PLC241232.

Where is Maxgrow Industries Limited headquartered?

Maxgrow Industries Limited is headquartered at 103, Hubtown Solaris, N S Phadke Marg,Andheri East, Mumbai, Maharashtra, 400069.

When was Maxgrow Industries Limited incorporated?

Maxgrow Industries Limited was incorporated on 21 March 2013.

Who are the current directors of Maxgrow Industries Limited?

The current directors of Maxgrow Industries Limited are

What is the primary industry of Maxgrow Industries Limited?

The primary industry of Maxgrow Industries Limited is Chemicals And Materials.

Is Maxgrow Industries Limited a listed company?

Maxgrow Industries Limited is unlisted.

What is the capital structure of Maxgrow Industries Limited?

The authorized capital of Maxgrow Industries Limited is ₹2.50 Cr, and the paid-up capital is ₹2.50 Cr.

What is the compliance status of Maxgrow Industries Limited?

The compliance status of Maxgrow Industries Limited is Active Non-Compliant.

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