MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-14-0010695
Maxis Auto Limited - machinery and equipment in Palladam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.4 Cr
▼ 65% YoY
Net profit · FY 2024
₹1.66 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹68.76 Lakh
EBITDA margin 49%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹3.3 Cr
Satisfied ₹7.6 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
18
Provident fund records
About Maxis Auto Limited
Data last updated:
Maxis Auto Limited is a public limited company based in Palladam, Tamil Nadu, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 26 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U33200TZ2015PLC021425. Its GSTIN is 33AAFCV1238B2ZU (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Vaari Textile Machine India Limited. It is led by directors including Susila (Whole-Time Director) and Murungaikadu Subramani Sathishraj.
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 Palladam, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.4 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net profit of ₹1.66 Lakh (net margin 1.2%) and EBITDA of ₹68.76 Lakh (EBITDA margin 49%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 6% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.3 Cr and satisfied charges of ₹7.6 Cr on record.
Maxis Auto Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-14-0010695). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vaariindia.com.
Company Details of Maxis Auto Limited
CIN U33200TZ2015PLC021425
Registration Number 021425
Incorporation Date 26 May 2015
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-14-0010695
Name History of Maxis Auto Limited
Maxis Auto has undergone 2 name changes throughout its history. The company was previously known as Vaari Textile Machine India Limited, and Maxis Auto Limited. The current legal name is Maxis Auto Limited.
| Company Name | Status |
|---|---|
| Maxis Auto Limited | Current |
| Vaari Textile Machine India Limited | Previous |
CIN History of Maxis Auto Limited
Maxis Auto has one previous CIN (Corporate Identification Number): U29269TZ2015PLC021425. The current CIN is U33200TZ2015PLC021425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33200TZ2015PLC021425 | Current |
| U29269TZ2015PLC021425 | Previous |
Key People
Susila Whole-Time Director Murungaikadu Subramani Sathishraj Director Sekar Sudha Director Recognitions & Rankings of Maxis Auto
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo 3/371 D Mudhalipalayam, Ayyan Kulikadu Arasur West, Palladam, Tamil Nadu, India – 641407
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
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Business Activity of Maxis Auto Limited
The main business activity of Maxis Auto is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Maxis Auto Limited FY 2024 filings available
Maxis Auto Limited reported revenue of ₹1.4 Cr (down 65% YoY) for FY 2024.
Revenue · FY 2024
₹1.4 Cr ▼ 65%
Net profit · FY 2024
₹1.66 Lakh margin 1.2%
EBITDA · FY 2024
₹68.76 Lakh margin 49%
Compounded Annual Growth Rate (CAGR) of Maxis Auto Limited
Revenue CAGR growth
1 year
▼ 65%
3 years · compounded
▼ 17%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 15%
5 years · compounded
▲ 37%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 65% fall in the latest year. EBITDA fell 3% 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 Maxis Auto 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 | ₹68.76 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.66 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 of Maxis Auto Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 Maxis Auto are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Board of Directors of Maxis Auto Limited
Maxis Auto has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Susila Also directs: Kumaraa Trading LLP | Whole-Time Director | 26 May 2015 | 11 Years 4 Months | Current |
| Murungaikadu Subramani Sathishraj | Director | 26 May 2015 | 11 Years 4 Months | Current |
| Sekar Sudha | Director | 27 Nov 2023 | 2 Years 10 Months | Current |
Peer Comparison of Maxis Auto Limited
Maxis Auto Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Auto, Process Machinery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pone Engineering India Private Limited | ₹1.41 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Chennai, Tamil Nadu, India |
| Auto Graph Cars (India) Private Limited | ₹1.41 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Jadayu India CNC Private Limited | ₹1.4 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Thodupuzha, Kerala, India |
| Hadron Clean Energy Spares Private Limited | ₹1.4 Cr (FY 2022) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Rama Auto Sales & Services Private Limited | ₹1.4 Cr (FY 2018) | •••• | •••• | -37.0% | •••• | Kolkata, West Bengal, India |
| Maxis Auto Limited this company | ₹1.4 Cr (FY 2024) | •••• | •••• | -65.0% | •••• | Palladam, Tamil Nadu, India |
| Gluon Solutions (India) Private Limited | ₹1.4 Cr (FY 2024) | •••• | •••• | 73.0% | •••• | Gurgaon, Haryana, India |
| Golden Laser (India) Private Limited | ₹1.4 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Vasai, Maharashtra, India |
| Dimension64 Consulting Private Limited | ₹1.4 Cr (FY 2023) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Synectics Auto Components Private Limited | ₹1.4 Cr (FY 2024) | •••• | •••• | •••• | Hosur, Tamil Nadu, India | |
| Satyam Mechatronics Private Limited | ₹1.4 Cr (FY 2019) | •••• | •••• | 23.0% | •••• | Nashik, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maxis Auto by revenue in the Machinery and Equipment industry (Auto, Process Machinery), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Maxis Auto Limited
Open charges
₹3.3 Cr
Satisfied charges
₹7.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Nov 2022 | Axis Bank Limited | ₹80 Lakh | Satisfied |
| 08 Sep 2022 | Axis Bank Limited | ₹2.5 Cr | Satisfied |
| 08 Jul 2020 | Others | ₹4.3 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Maxis Auto Limited
Employment history and EPFO contributions of people linked to Maxis Auto.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Maxis Auto Limited
Maxis Auto Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Sekar Sudha was appointed as Director on 27 Nov 2023.
Charges
A charge registered on 09 Nov 2022 via Charge ID 100669171 with Axis Bank Limited was fully satisfied on 28 Oct 2025.
Charges
A charge registered on 08 Sep 2022 via Charge ID 100655140 with Axis Bank Limited was fully satisfied on 28 Oct 2025.
AGM
Maxis Auto Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Maxis Auto Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Appointed
Sekar Sudha was appointed as Director.
Ceased
Murungaikadu Subramani Sathishraj ceased to be Managing Director.
Charges
A charge registered on 08 Jul 2020 via Charge ID 100367414 with Others was fully satisfied on 16 Aug 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 80.00 Lakh with Charge ID 100669171 was registered on 09 Nov 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 100655140 was registered on 08 Sep 2022.
Charges
A charge with Others amounted to Rs. 430.00 Lakh with Charge ID 100367414 was registered on 08 Jul 2020.
Ceased
Ammasaigounder Subramani ceased to be Whole-Time Director.
Appointed
Murungaikadu Subramani Sathishraj was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maxis Auto Limited
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MSME Payment Delays by Maxis Auto Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Maxis Auto Limited
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Corporate group structure
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GST Compliance of Maxis Auto Limited
Maxis Auto has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCV1238B2ZU | Tamil Nadu | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Maxis Auto Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Maxis Auto Limited
Maxis Auto is an active public limited company based in Palladam, Tamil Nadu, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 26 May 2015 (11+ years old) and is registered under CIN U33200TZ2015PLC021425.
Maxis Auto reported revenue of ₹1.4 Cr for FY 2024 (down 65% YoY).
Maxis Auto has 3 current directors:
- Susila - Whole-Time Director
- Murungaikadu Subramani Sathishraj - Director
- Sekar Sudha - Director
Maxis Auto reported a net profit of ₹1.66 Lakh (net margin 1.2%) and EBITDA of ₹68.76 Lakh (EBITDA margin 49%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maxis Auto is -17% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 65%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maxis Auto is 33AAFCV1238B2ZU, registered in Tamil Nadu. 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 Maxis Auto is U33200TZ2015PLC021425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxis Auto was incorporated on 26 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Maxis Auto by revenue are Pone Engineering India Private Limited, Auto Graph Cars (India) Private Limited, Jadayu India CNC Private Limited, Hadron Clean Energy Spares Private Limited, Rama Auto Sales & Services Private Limited and 5 more, all in the Machinery and Equipment industry (Auto, Process Machinery).
Sekar Sudha was appointed as Director on 27 Nov 2023. Murungaikadu Subramani Sathishraj ceased to be Managing Director on 26 Nov 2023. Ammasaigounder Subramani ceased to be Whole-Time Director on 22 Aug 2016. Maxis Auto has 5 board changes on record in total.
Yes, Maxis Auto is registered as a small enterprise under Udyam registration (number: UDYAM-TN-14-0010695).