MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0156539
Maximus Securities Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.14 Cr
▲ 26% YoY
Net profit · FY 2025
₹1.88 Cr
Net margin 30.6%
EBITDA · FY 2025
₹2 Cr
EBITDA margin 32.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Company age
32 yrs
Est. 1994
Directors on board
5
As per MCA filings
Key managerial staff
1
CEO, CFO, company secretary
About Maximus Securities Limited
Data last updated:
Maximus Securities Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Hybrid Financial Services Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1994PLC076758. Its GSTIN is 27AAACM7252M1Z5 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Mafatlal Securities Limited and Mafatlal Securities Private Limited. It is led by directors including Megha Jatendra Vazkar (Whole-Time Director) and Suryanarayanan Kailasam (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.14 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.88 Cr (net margin 30.6%) and EBITDA of ₹2 Cr (EBITDA margin 32.5%).
The company is associated with 1 brand: Maximus Securities. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
Maximus Securities Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0156539). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maximussecurities.com.
Company details
CIN U67120MH1994PLC076758
Registration Number 076758
Incorporation Date 23 February 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Hybrid Financial Services Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0156539
Name history
Maximus Securities has undergone 2 name changes throughout its history. The company was previously known as Mafatlal Securities Limited, and Mafatlal Securities Private Limited. The current legal name is Maximus Securities Limited.
| Company Name | Status |
|---|---|
| Maximus Securities Limited | Current |
| Mafatlal Securities Limited | Previous |
| Mafatlal Securities Private Limited | Previous |
CIN history
Maximus Securities has one previous CIN (Corporate Identification Number): U67120MH1994PTC076758. The current CIN is U67120MH1994PLC076758, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MH1994PLC076758 | Current |
| U67120MH1994PTC076758 | Previous |
Key People
Megha Jatendra Vazkar Whole-Time Director Suryanarayanan Kailasam Whole-Time Director Sameer Suresh Pimpale Nominee Director Recognitions & Rankings of Maximus Securities
Contact details
Maximus Securities Limited's registered office is in Mumbai, Maharashtra. Its website is maximussecurities.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Sterling Centre Opp.Divine Child High School Andheri – Kurla Road Andheri, (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Maximus Securities Limited, buy the company report.
Comprehensive company report
Maximus Securities Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Maximus Securities operates one associated brand: Maximus Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stock broking and trading services focused on client needs in financial markets. | maximussecurities.com |
Business activity
The main business activity of Maximus Securities is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Maximus Securities Limited, buy the company report.
Financials of Maximus Securities Limited
FY 2025 filings availableMaximus Securities Limited reported revenue of ₹6.14 Cr (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹6.14 Cr ▲ 26%
Net profit · FY 2025
₹1.88 Cr margin 30.6%
EBITDA · FY 2025
₹2 Cr margin 32.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
EBITDA CAGR growth
1 year
▲ 38%
Revenue rose 26% in the latest year. EBITDA rose 38% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.88 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.5% | ||||
| Net Profit Margin | 30.6% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Maximus Securities Limited, buy the company report.
Board of directors and KMP of Maximus Securities Limited
Maximus Securities Limited currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sameer Suresh Pimpale Also directs: Hybrid Financial Services Limited, Inside Edge Learning Solutions LLP, Acumen Core LLP and 1 more | Nominee Director | 10 Nov 2020 | 5 Years 11 Months | Current |
| Nandakishore Raghunath Divate | Director | 28 Jun 2000 | 26 Years 3 Months | Current |
| Megha Jatendra Vazkar Also directs: Hybrid Financial Services Limited, Hybrid Systems Limited, Garron Trading Company Private Limited and 1 more | Whole-Time Director | 01 Aug 2006 | 20 Years 2 Months | Current |
| Chandramouli Krishnamurthy Also directs: Brooklands Plantation LLP, Hybrid Financial Services Limited, Hybrid Systems Limited and 5 more | Company Secretary | 31 Jan 2024 | 2 Years 8 Months | Current |
| Suryanarayanan Kailasam Also directs: Sunanda Capital Services Limited | Whole-Time Director | 01 Aug 2010 | 16 Years 2 Months | Current |
Auditor
Maximus Securities Limited is audited by BDMV & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BDMV & CO | FY 2022 | 101256W |
Shareholding
The shareholding of Maximus Securities Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maximus Securities Limited, buy the company report.
Legal cases
Maximus Securities Limited has 7 court cases on record: 4 filed by Maximus Securities, 3 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed against the company by Birla Sunlife Securities Ltd. and Anr. | Pending |
| Bombay High Court | Court case (APP) | Filed against the company by Birla Sun Life Securities Ltd.And Anr. | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Birla Sunlife Securities Ltd.And Anr. | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Incometax-4,Mum | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against an individual | Disposed |
To see the full case history of Maximus Securities 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 Maximus Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maximus Securities has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7252M1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maximus Securities Limited, buy the company report.
Recent activity
Maximus Securities Limited has 11 board changes on record since 2000: 5 appointments and 6 cessations. The latest: Chandramouli Krishnamurthy was appointed as Company Secretary on 31 Jan 2024.
AGM
Maximus Securities Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Filing
Maximus Securities Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Chandramouli Krishnamurthy was appointed as Company Secretary.
Ceased
Jayesh Ramesh Talpade ceased to be Nominee Director.
Appointed
Sameer Suresh Pimpale was appointed as Nominee Director.
Ceased
Rajendra Vasant Desai ceased to be CFO.
Appointed
Suryanarayanan Kailasam was appointed as Whole-Time Director.
Ceased
Karunakar Rao Parchuru ceased to be Whole-Time Director.
Ceased
Bipin Khushalchand Ghiya ceased to be Director.
Ceased
Hrishikesh Arvind Mafatlal ceased to be Director.
Ceased
Vinod Jayantilal Ojha ceased to be Director.
Appointed
Megha Jatendra Vazkar was appointed as Whole-Time Director.
2 earlier events are in the company report.
Frequently asked questions
Maximus Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 23 February 1994 (32+ years old) and is registered under CIN U67120MH1994PLC076758.
Maximus Securities has 5 current directors and KMP:
- Megha Jatendra Vazkar - Whole-Time Director
- Suryanarayanan Kailasam - Whole-Time Director
- Sameer Suresh Pimpale - Nominee Director
- Nandakishore Raghunath Divate - Director
- Chandramouli Krishnamurthy - Company Secretary
The latest financial statements of Maximus Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Maximus Securities is 27AAACM7252M1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Maximus Securities is U67120MH1994PLC076758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maximus Securities has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Maximus Securities was incorporated on 23 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Chandramouli Krishnamurthy was appointed as Company Secretary on 31 Jan 2024. Jayesh Ramesh Talpade ceased to be Nominee Director on 10 Nov 2020. Sameer Suresh Pimpale was appointed as Nominee Director on 10 Nov 2020. Maximus Securities has 11 board changes on record in total.
Yes, Maximus Securities is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0156539).
Maximus Securities can be reached through the website maximussecurities.com. Its registered office is in Mumbai, Maharashtra, India.