About Maxgrow Overseas Limited
Data last updated:
Maxgrow Overseas Limited is a public limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 05 August 2008.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2008PLC128225. The company has 6 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹45 Cr. It was formerly known as Maxgrow Trade Solutions Private Limited. and Maxgrow Trade Solutions Limited. It is led by directors including Rajendra Prasad Saraf (Managing Director) and Revati Ashok Kapoor.
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 Kolkata, West Bengal.
As per the financials filed for FY 2018, the company reported a revenue of ₹1,113.34 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹9.86 Cr (net margin -0.9%) and EBITDA of ₹2.58 Cr (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹137.8 Cr and satisfied charges of ₹79.67 Cr on record. Court records list 11 cases involving the company, including 1 filed by the company and 10 filed against it; 2 cases are pending.
The last known website on record is maxgrow.in.
Company details
Name history
Maxgrow Overseas has undergone 2 name changes throughout its history. The company was previously known as Maxgrow Trade Solutions Private Limited., and Maxgrow Trade Solutions Limited. The current legal name is Maxgrow Overseas Limited.
| Company Name | Status |
|---|---|
| Maxgrow Overseas Limited | Current |
| Maxgrow Trade Solutions Private Limited. | Previous |
| Maxgrow Trade Solutions Limited | Previous |
CIN history
Maxgrow Overseas has one previous CIN (Corporate Identification Number): U51909WB2008PTC128225. The current CIN is U51909WB2008PLC128225, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB2008PLC128225 | Current |
| U51909WB2008PTC128225 | Previous |
Contact details
Maxgrow Overseas Limited's registered office is in Kolkata, West Bengal. Its website is maxgrow.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNatural Height Complex 1C Building No. 5 Phase I Vip Road Opp. Haldiram (Air Po, Rt), Kolkata, West Bengal, India – 700052
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Maxgrow Overseas 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 Overseas Limited
FY 2018 filings availableMaxgrow Overseas Limited reported revenue of ₹1,113.34 Cr (down 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 84% 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 | ₹1,113.34 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.58 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.86 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.2% | |||
| Net Profit Margin | -0.9% | |||
| 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 Overseas Limited, buy the company report.
Board of directors of Maxgrow Overseas Limited
Maxgrow Overseas has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Prasad Saraf Also directs: Mendeleev Trades Limited | Managing Director | 01 Apr 2009 | 17 Years 7 Months | As last reported |
| Revati Ashok Kapoor | Additional Director | 10 Mar 2018 | 8 Years 7 Months | As last reported |
| Mukesh Nanubhai Desai Also directs: Sphaera of Labgrown Diamonds LLP, Khodiyar CVD Private Limited, Bullioniq Imports Private Limited and 5 more | Additional Director | 14 Aug 2017 | 9 Years 2 Months | As last reported |
| Manoj Dhaneshbhai Thakar | Additional Director | 25 Feb 2019 | 7 Years 8 Months | As last reported |
| Ashokkumar Jivatram Dansingani | Additional Director | 25 Feb 2019 | 7 Years 8 Months | As last reported |
Peer comparison
Maxgrow Overseas Limited is compared with the 10 companies closest to it by revenue in the Metals and Minerals industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vriks Telecom Private Limited | ₹1,140.61 Cr (FY 2023) | 116.0% | Ahmedabad, Gujarat, India | |||
| Sastasundar Healthbuddy Limited | ₹1,132.78 Cr (FY 2025) | -20.0% | Kolkata, West Bengal, India | |||
| Farmersfortune (India) Private Limited | ₹1,131.3 Cr (FY 2025) | 60.0% | Mumbai, Maharashtra, India | |||
| Vadilal Enterprises Limited | ₹1,125.18 Cr (FY 2025) | 11.0% | Ahmedabad, Gujarat, India | |||
| Apparel Group India Private Limited | ₹1,118.13 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Maxgrow Overseas Limitedthis company | ₹1,113.34 Cr (FY 2018) | -₹9.86 Cr | -0.9% | -12.0% | 5 | Kolkata, West Bengal, India |
| Mavaiya Enterprises Private Limited | ₹1,112.15 Cr (FY 2021) | -47.0% | Daman, Daman and Diu, India | |||
| Vaibhav Laxmi Capital Market Pvt Ltd | ₹1,109.36 Cr (FY 2025) | 51.0% | Kolkata, West Bengal, India | |||
| Sizer Metals Private Limited | ₹1,106.54 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Gurudeo Exports Corporation Private Limited | ₹1,101.78 Cr (FY 2024) | 15.0% | Indore, Madhya Pradesh, India | |||
| Sachin Steel Private Limited | ₹1,084.76 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Maxgrow Overseas Limited, buy the company report.
Auditor
Maxgrow Overseas 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 Overseas Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Maxgrow Overseas Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2017 | 100137135 | Others | ₹50 Cr | Open | |
| 25 Jan 2017 | 100084409 | Others | ₹4.1 Cr | Open | |
| 22 Jul 2016 | 100041001 | Others | ₹3.93 Cr | Open | |
| 29 Feb 2016 | 10623102 | Bank of Baroda | ₹77 Lakh | Open | |
| 21 Jan 2015 | 10547234 | Bank of India | ₹79 Cr | Open |
To see the full charge records of Maxgrow Overseas Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Maxgrow Overseas Limited has 11 court cases on record: 1 filed by Maxgrow Overseas, 10 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by PNB Housing Finance Ltd. Th. Sanjay Vaishya | Disposed |
| District court, kachchh at Bhuj, Gujarat | Civil suit | Filed against the company by Sunshine Oleochem Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Indusind Bank | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by an individual | Disposed |
To see the full case history of Maxgrow Overseas 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.
Credit ratings & regulatory alerts
Maxgrow Overseas Limited was last rated by Brickwork on 06 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 06 Mar 2020 |
To see the full credit ratings and regulatory alerts of Maxgrow Overseas Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maxgrow Overseas Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maxgrow Overseas Limited has a workforce of 5 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Maxgrow Overseas has 6 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 Overseas Limited, buy the company report.
Recent activity
Maxgrow Overseas Limited has 20 board changes on record since 2009: 5 appointments and 15 cessations. The latest: Ashokkumar Jivatram Dansingani was appointed as Additional Director on 25 Feb 2019.
36 earlier events are in the company report.
Frequently asked questions
Maxgrow Overseas is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Maxgrow Overseas is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 05 August 2008 and is registered under CIN U51909WB2008PLC128225. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maxgrow Overseas has 5 current directors:
- Rajendra Prasad Saraf - Managing Director
- Revati Ashok Kapoor - Additional Director
- Mukesh Nanubhai Desai - Additional Director
- Manoj Dhaneshbhai Thakar - Additional Director
- Ashokkumar Jivatram Dansingani - Additional Director
The latest financial statements of Maxgrow Overseas 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.
The CIN (Corporate Identification Number) of Maxgrow Overseas is U51909WB2008PLC128225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxgrow Overseas has open charges of ₹137.8 Cr and satisfied charges of ₹79.67 Cr as per latest MCA filings.
Maxgrow Overseas has 11 court cases on record: 1 filed by the company and 10 filed against it. 2 are pending. Most are in the district courts.
Maxgrow Overseas was incorporated on 05 August 2008. It is registered with the Registrar of Companies, Kolkata.
The peers of Maxgrow Overseas by revenue are Vriks Telecom Private Limited, Sastasundar Healthbuddy Limited, Farmersfortune (India) Private Limited, Vadilal Enterprises Limited, Apparel Group India Private Limited and 5 more, all in the Metals and Minerals industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution, Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Ashokkumar Jivatram Dansingani was appointed as Additional Director on 25 Feb 2019. Manoj Dhaneshbhai Thakar was appointed as Additional Director on 25 Feb 2019. Pradeep Kumar Agarwal ceased to be Additional Director on 04 Jan 2019. Maxgrow Overseas has 20 board changes on record in total.
Maxgrow Overseas can be reached through the website maxgrow.in. Its registered office is in Kolkata, West Bengal, India.
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