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Maxolay Coatings Private Limited
Maxolay Coatings Private Limited - chemicals in Ahmedabad, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2024
₹1.26 Cr
▲ 3682% YoY
Net profit · FY 2024
₹2.17 Lakh
Net margin 1.7%
EBITDA · FY 2024
₹3.21 Lakh
EBITDA margin 2.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹24.14 Lakh
Secured borrowings
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
About Maxolay Coatings Private Limited
Data last updated:
Maxolay Coatings Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the speciality chemicals segment of the chemicals sector. It was incorporated on 21 October 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ2022PTC136355.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mrugesh Vijaykumar Gandhi and Yashkumar Bhulabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at T.F – 320 I Square Nr Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.26 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.17 Lakh (net margin 1.7%) and EBITDA of ₹3.21 Lakh (EBITDA margin 2.6%).
As per MCA filings, the company has open charges of ₹24.14 Lakh on record.
Maxolay Coatings Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0229065).
Company details
CIN U24299GJ2022PTC136355
Registration Number 136355
Incorporation Date 21 October 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0229065
Recognitions & Rankings of Maxolay Coatings
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-GJ-01-0229065
Contact details
Maxolay Coatings Private Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressT.F – 320 I Square Nr Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060
- IndustryChemicals, Other Chemical Product, Manufacturing, Fine Chemicals And Other Chemical Products
Comprehensive company report
Maxolay Coatings Private 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
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Business activity
The main business activity of Maxolay Coatings is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Maxolay Coatings Private Limited, buy the company report.
Financials of Maxolay Coatings Private Limited
FY 2025 filings availableMaxolay Coatings Private Limited reported revenue of ₹1.26 Cr (up 3682% YoY) for FY 2024.
Revenue · FY 2024
₹1.26 Cr ▲ 3682%
Net profit · FY 2024
₹2.17 Lakh margin 1.7%
EBITDA · FY 2024
₹3.21 Lakh margin 2.6%
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹3.21 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.17 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 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.6% | |
| Net Profit Margin | 1.7% | |
| 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 Maxolay Coatings Private Limited, buy the company report.
Board of directors of Maxolay Coatings Private Limited
Maxolay Coatings has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrugesh Vijaykumar Gandhi | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Yashkumar Bhulabhai Patel | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Maxolay Coatings Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (manufacture of chemicals and chemical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Micon Laboratories Private Limited | ₹1.27 Cr (FY 2024) | -33.0% | Dhule, Maharashtra, India | |||
| Ritik Chem Private Limited | ₹1.27 Cr (FY 2025) | -17.0% | Ambernath, Maharashtra, India | |||
| Moxen Agri India Private Limited | ₹1.27 Cr (FY 2025) | 11009.0% | Ahmedabad, Gujarat, India | |||
| Barley Beauty Cosmectics Private Limited | ₹1.26 Cr (FY 2025) | 10.0% | Vasai, Maharashtra, India | |||
| Meghdoot Chemicals Limited | ₹1.26 Cr (FY 2025) | 25.0% | Bhiwandi, Maharashtra, India | |||
| Maxolay Coatings Private Limitedthis company | ₹1.26 Cr (FY 2024) | ₹2.17 Lakh | 1.7% | 3682.0% | Ahmedabad, Gujarat, India | |
| Velour Touch Private Limited | ₹1.25 Cr (FY 2025) | 19.0% | Jagadhri, Haryana, India | |||
| Tanya Petrochemicals Private Limited | ₹1.23 Cr (FY 2025) | -63.0% | Bhopal, Madhya Pradesh, India | |||
| Nasg Polycompounds Private Limited | ₹1.23 Cr (FY 2025) | -26.0% | Chennai, Tamil Nadu, India | |||
| Ditas Labs Private Limited | ₹1.23 Cr (FY 2025) | Nizampet, Telangana, India | ||||
| Golden Pigments Pvt.Ltd. | ₹1.22 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Maxolay Coatings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24.14 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2024 | 100869028 | Others | ₹24.14 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Maxolay Coatings Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maxolay Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Maxolay Coatings Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maxolay Coatings Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Mrugesh Vijaykumar Gandhi was appointed as Director on 21 Oct 2022.
AGM
Maxolay Coatings Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Maxolay Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 24.14 Lakh with Charge ID 100869028 was registered on 01 Feb 2024.
Appointed
Mrugesh Vijaykumar Gandhi was appointed as Director.
Appointed
Yashkumar Bhulabhai Patel was appointed as Director.
Incorporation
21 Oct 2022
Maxolay Coatings Private Limited was registered on 21 Oct 2022 with Roc Ahmedabad & aged 4 years 15 days as per MCA records.
Frequently asked questions
Maxolay Coatings is an active private limited company based in Ahmedabad, Gujarat, India. The company works in other chemical product, within the chemicals industry. It was incorporated on 21 October 2022 (4+ years old) and is registered under CIN U24299GJ2022PTC136355.
Maxolay Coatings has 2 current directors:
- Mrugesh Vijaykumar Gandhi - Director
- Yashkumar Bhulabhai Patel - Director
The latest financial statements of Maxolay Coatings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The CIN (Corporate Identification Number) of Maxolay Coatings is U24299GJ2022PTC136355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxolay Coatings was incorporated on 21 October 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Maxolay Coatings by revenue are Micon Laboratories Private Limited, Ritik Chem Private Limited, Moxen Agri India Private Limited, Barley Beauty Cosmectics Private Limited, Meghdoot Chemicals Limited and 5 more, all in the same principal business activity (manufacture of chemicals and chemical products).
Mrugesh Vijaykumar Gandhi was appointed as Director on 21 Oct 2022. Yashkumar Bhulabhai Patel was appointed as Director on 21 Oct 2022.
Yes, Maxolay Coatings is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Maxolay Coatings is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0229065).
The registered office of Maxolay Coatings is at T.F – 320 I Square Nr Shukan Mall Cross Road Science City Road Sola, Ahmedabad, Gujarat, India – 380060.
Maxolay Coatings operates in the chemicals industry, in the other chemical product segment.
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