About Maxvolt Energy Industries Limited
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Maxvolt Energy Industries Limited is a public limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the retail trade segment of the trading and commerce sector. It was incorporated on 09 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L40106DL2019PLC349854. Its GSTIN is 09AAMCM6751F1Z4 (Uttar Pradesh). It is a listed company.
The company has an authorised share capital of ₹24.95 Cr and a paid-up capital of ₹10.9 Cr. It is led by directors including Bhuvneshwar Pal Singh (Managing Director) and Vishal Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at F – 108 Plot No. 1 F/F United Plaza Community Centre Karkardooma New Delhi – 110092, Delhi, India – 110092.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹296.76 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹28.07 Cr (net margin 9.5%) and EBITDA of ₹36.1 Cr (EBITDA margin 12.2%). The net worth stands at ₹108 Cr (up 57.4% YoY). Total assets are valued at ₹193.63 Cr (up 147.5% YoY).
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Maxvolt Energy. As per MCA filings, the company has open charges of ₹74.39 Cr and satisfied charges of ₹5.48 Cr on record. The company has 11 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹12.58 Cr; the latest was in February 2025. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Jieqin Technologies India Private Limited with revenue of ₹49.56 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxvoltenergy.com.
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- Registered AddressF – 108 Plot No. 1 F/F United Plaza Community Centre Karkardooma New Delhi – 110092, Delhi, India – 110092
- IndustryTrading, Retailers, Retail Trading
- 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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Financials of Maxvolt Energy Industries Limited FY 2025-26 filings available
Maxvolt Energy Industries Limited reported revenue of ₹296.76 Cr (up 176.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 297 | 107 |
| Revenue growth | +176.1% | - |
| EBITDA | 36.10 | 14.00 |
| EBITDA margin | +12.2% | +13.0% |
| Profit before tax | 32.80 | 13.93 |
| Net profit | 28.07 | 10.12 |
| Net profit margin | +9.5% | +9.4% |
| EPS (₹) | 25.76 | 9.28 |
| Balance sheet | ||
| Total assets | 194 | 78.25 |
| Net worth | 108 | 68.61 |
| Total debt | 85.25 | 9.50 |
| Cash & bank | 26.37 | 1.32 |
| Net working capital | 135 | 47.58 |
| Cash flow | ||
| Cash from operations | (28.99) | (44.51) |
| Cash from investing | (29.67) | (3.49) |
| Cash from financing | 83.70 | 49.30 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 297 | 107 | 48.37 | 13.68 | 6.15 |
| Revenue growth | +176.1% | +122.2% | +253.6% | +122.4% | - |
| EBITDA | 35.61 | 14.00 | 6.65 | 0.53 | 0.16 |
| EBITDA margin | +12.0% | +13.0% | +13.8% | +3.9% | +2.6% |
| Profit before tax | 32.83 | 13.93 | 6.35 | 0.30 | 0.03 |
| Net profit | 24.38 | 10.12 | 5.22 | 0.27 | 0.01 |
| Net profit margin | +8.2% | +9.4% | +10.8% | +2.0% | +0.2% |
| EPS (₹) | 22.36 | 9.28 | 6.71 | 8.71 | 0.44 |
| Balance sheet | |||||
| Total assets | 194 | 78.25 | 17.51 | 3.60 | 2.70 |
| Net worth | 108 | 68.61 | 11.55 | 0.64 | 0.37 |
| Total debt | 85.25 | 9.50 | 5.89 | 2.92 | 2.33 |
| Cash & bank | 25.86 | 1.32 | 0.03 | 0.02 | 0.01 |
| Net working capital | 135 | 47.58 | 15.58 | 2.98 | 1.95 |
| Cash flow | |||||
| Cash from operations | (29.02) | (44.51) | (7.55) | (0.32) | (1.51) |
| Cash from investing | (30.02) | (3.49) | (0.73) | (0.02) | (0.55) |
| Cash from financing | 83.58 | 49.30 | 8.28 | 0.35 | 2.06 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 297 | 107 |
| Revenue growth | +176.1% | - |
| Other income | 1.80 | 1.82 |
| Total expenses | 261 | 93.47 |
| Employee cost | 8.86 | 4.21 |
| EBITDA | 36.10 | 14.00 |
| EBITDA margin | +12.2% | +13.0% |
| Depreciation | 1.11 | 0.57 |
| Interest | 3.99 | 1.32 |
| Profit before tax | 32.80 | 13.93 |
| Tax | 4.73 | 3.81 |
| Net profit | 28.07 | 10.12 |
| Net profit margin | +9.5% | +9.4% |
| EPS (₹) | 25.76 | 9.28 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 10.90 | 10.90 |
| Reserves & surplus | 97.10 | 57.71 |
| Shareholders' funds (net worth) | 108 | 68.61 |
| Minority interest | 0.12 | 0.00 |
| Secured loans | 67.19 | 4.30 |
| Unsecured loans | 18.06 | 5.20 |
| Total debt | 85.25 | 9.50 |
| Total liabilities | 194 | 78.25 |
| Assets | ||
| Gross block | 21.43 | 5.02 |
| Net block | 19.35 | 4.06 |
| Capital work in progress | 13.26 | 0.00 |
| Investments | 22.43 | 26.63 |
| Inventories | 62.23 | 19.95 |
| Sundry debtors | 39.13 | 30.80 |
| Cash & bank balances | 26.37 | 1.32 |
| Loans & advances | 41.94 | 12.76 |
| Total current assets | 170 | 64.83 |
| Total current liabilities | 34.65 | 17.25 |
| Net working capital | 135 | 47.58 |
| Total assets | 194 | 78.25 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 1.32 | 0.03 |
| Net cash from operating activities | (28.99) | (44.51) |
| Net cash from investing activities | (29.67) | (3.49) |
| Net cash from financing activities | 83.70 | 49.30 |
| Net change in cash | 25.04 | 1.30 |
| Closing cash | 26.37 | 1.32 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | +176.1% | - |
| EBITDA growth | +157.9% | - |
| PBT growth | +135.5% | +9997.0% |
| Net income growth | +177.4% | - |
| Profitability & leverage | ||
| Net income margin | +9.5% | +9.4% |
| Return on capital employed | +27.1% | +19.5% |
| Return on net worth | +31.8% | +14.8% |
| Debt / equity | 0.54 | 0.14 |
| Long-term debt / equity | 0.08 | 0.04 |
| Interest cover | 11.40 | 9.83 |
| Efficiency & per share | ||
| Fixed asset turnover | 22.44 | 21.41 |
| Inventory turnover | 7.22 | 5.39 |
| Debtors turnover | 8.49 | 3.49 |
| EPS (₹) | 25.76 | 9.28 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 99.05 | 62.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 297 | 107 | 48.37 | 13.68 | 6.15 |
| Revenue growth | +176.1% | +122.2% | +253.6% | +122.4% | - |
| Other income | 1.80 | 1.82 | 0.41 | 0.24 | 0.03 |
| Total expenses | 261 | 93.47 | 41.72 | 13.15 | 5.99 |
| Employee cost | 0.00 | 4.21 | 1.81 | 1.43 | 0.96 |
| EBITDA | 35.61 | 14.00 | 6.65 | 0.53 | 0.16 |
| EBITDA margin | +12.0% | +13.0% | +13.8% | +3.9% | +2.6% |
| Depreciation | 1.11 | 0.57 | 0.17 | 0.17 | 0.04 |
| Interest | 3.47 | 1.32 | 0.54 | 0.30 | 0.12 |
| Profit before tax | 32.83 | 13.93 | 6.35 | 0.30 | 0.03 |
| Tax | 8.45 | 3.81 | 1.13 | 0.03 | 0.02 |
| Net profit | 24.38 | 10.12 | 5.22 | 0.27 | 0.01 |
| Net profit margin | +8.2% | +9.4% | +10.8% | +2.0% | +0.2% |
| EPS (₹) | 22.36 | 9.28 | 6.71 | 8.71 | 0.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 10.90 | 10.90 | 7.76 | 0.32 | 0.32 |
| Reserves & surplus | 97.10 | 57.71 | 3.79 | 0.32 | 0.05 |
| Shareholders' funds (net worth) | 108 | 68.61 | 11.55 | 0.64 | 0.37 |
| Secured loans | 67.19 | 4.30 | 3.80 | 1.67 | 1.11 |
| Unsecured loans | 18.06 | 5.20 | 2.09 | 1.25 | 1.22 |
| Total debt | 85.25 | 9.50 | 5.89 | 2.92 | 2.33 |
| Total liabilities | 194 | 78.25 | 17.51 | 3.60 | 2.70 |
| Assets | |||||
| Gross block | 21.40 | 5.02 | 1.52 | 0.84 | 0.82 |
| Net block | 19.33 | 4.06 | 1.13 | 0.62 | 0.77 |
| Capital work in progress | 13.26 | 0.00 | 0.05 | 0.00 | 0.00 |
| Investments | 22.81 | 26.63 | 0.79 | 0.00 | 0.00 |
| Inventories | 62.23 | 19.95 | 13.51 | 3.99 | 2.11 |
| Sundry debtors | 39.13 | 30.80 | 6.55 | 0.80 | 0.42 |
| Cash & bank balances | 25.86 | 1.32 | 0.03 | 0.02 | 0.01 |
| Loans & advances | 41.97 | 12.76 | 9.46 | 4.82 | 0.30 |
| Total current assets | 169 | 64.83 | 29.55 | 9.63 | 2.84 |
| Total current liabilities | 34.63 | 17.25 | 13.97 | 6.65 | 0.89 |
| Net working capital | 135 | 47.58 | 15.58 | 2.98 | 1.95 |
| Total assets | 194 | 78.25 | 17.51 | 3.60 | 2.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 1.32 | 0.03 | 0.02 | 0.01 | 0.01 |
| Net cash from operating activities | (29.02) | (44.51) | (7.55) | (0.32) | (1.51) |
| Net cash from investing activities | (30.02) | (3.49) | (0.73) | (0.02) | (0.55) |
| Net cash from financing activities | 83.58 | 49.30 | 8.28 | 0.35 | 2.06 |
| Net change in cash | 24.54 | 1.30 | 0.01 | 0.01 | 0.00 |
| Closing cash | 25.86 | 1.32 | 0.03 | 0.02 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +176.1% | +122.2% | +253.6% | +122.4% | - |
| EBITDA growth | +154.4% | +110.5% | +1154.7% | +231.3% | - |
| PBT growth | +135.7% | +119.4% | +2016.7% | +900.0% | +9997.0% |
| Net income growth | +140.9% | +93.9% | +1833.3% | +2600.0% | - |
| Revenue CAGR (3Y) | +178.9% | +159.5% | - | - | - |
| EBITDA CAGR (3Y) | +306.5% | +344.0% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +8.2% | +9.4% | +10.8% | +2.0% | +0.2% |
| Return on capital employed | - | +31.9% | +65.2% | +19.3% | +5.5% |
| Return on net worth | - | +25.3% | +85.5% | +55.5% | +2.7% |
| Debt / equity | - | 0.19 | 0.72 | 5.19 | 6.30 |
| Long-term debt / equity | - | 0.09 | 0.16 | 1.27 | 1.68 |
| Interest cover | 10.06 | 9.83 | 8.33 | 83.33 | 100.00 |
| Efficiency & per share | |||||
| Fixed asset turnover | - | 32.87 | 40.99 | 16.48 | 7.50 |
| Inventory turnover | - | 6.42 | 5.53 | 4.49 | 2.91 |
| Debtors turnover | - | 5.75 | 13.16 | 22.43 | 14.64 |
| EPS (₹) | 22.36 | 9.28 | 6.71 | 8.71 | 0.44 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 62.93 | 14.88 | 20.14 | 11.43 |
Peer Comparison of Maxvolt Energy Industries Limited
Maxvolt Energy Industries Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maxvolt Energy Industries Limited this company | ₹296.76 Cr (FY 2026) | •••• | •••• | 176.1% | •••• | New Delhi, Delhi, India |
| Jieqin Technologies India Private Limited | ₹49.56 Cr (FY 2025) | •••• | •••• | -76.0% | •••• | Noida, Uttar Pradesh, India |
| M4s Engineering & Consultancy Private Limited | ₹49.53 Cr (FY 2025) | •••• | •••• | 145.0% | •••• | Delhi, India |
| Trend Electronics Limited Listed | ₹49.24 Cr (FY 2025) | •••• | •••• | 87.0% | •••• | Aurangabad, Maharashtra, India |
| TVS Sirius Controls Private Limited | ₹48.85 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| KRPC Enterprises Private Limited | ₹48.8 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
| Clintech Equipments and Solutions Private Limited | ₹48.53 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Nagpur, Maharashtra, India |
| Khokhar Electricals Private Limited | ₹48.49 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Shri Krishnashray (India) Private Limited | ₹48.3 Cr (FY 2025) | •••• | •••• | 783.0% | •••• | Mumbai, Maharashtra, India |
| Bajaj Communications Private Limited | ₹48.25 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| Chirayu Power Private Limited | ₹48.22 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Khamgaon, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maxvolt Energy Industries by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Maxvolt Energy Industries Limited
Maxvolt Energy Industries has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Gupta Also directs: Maxvolt Reearth Private Limited | Whole-Time Director | 09 Feb 2021 | 5 Years 8 Months | Current |
| Preet Kumar | Director | 10 Apr 2024 | 2 Years 5 Months | Current |
| Kavita Dixit | Director | 10 Apr 2024 | 2 Years 5 Months | Current |
| Bhuvneshwar Pal Singh Also directs: Maxvolt Reearth Private Limited | Managing Director | 29 Nov 2022 | 3 Years 10 Months | Current |
| Ajay Kumar | Director | 11 Sep 2024 | 2 Years 0 Months | Current |
Charges & Borrowings of Maxvolt Energy Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2025 | State Bank of India | ₹20.4 Cr | Open |
| 31 Oct 2025 | Axis Bank Limited | ₹16 Cr | Open |
| 23 Sep 2025 | Others | ₹30.49 Cr | Open |
| 27 Aug 2025 | Sidbi | ₹7.5 Cr | Open |
| 21 Oct 2021 | Hdfc Bank Limited | ₹5.48 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Maxvolt Energy Industries Limited
Maxvolt Energy Industries Limited has 11 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹12.58 Cr; the latest was in February 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | IPO | ₹54 Cr | Investors: IPO Shareholders -Maxvolt Energy Industries Limited, Aarth Aif, Nova Global Opportunities Fund PCC - Touchstone Seller: an individual |
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2024 | Funding round | ₹7.62 Cr | Investors: All Rounder Marketing Private Limited , 3 individuals |
| Feb 2024 | Funding round | ₹1.95 Cr | Investors: 4 individuals |
| Nov 2023 | Funding round | ₹3 Cr | Investors: an individual |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Maxvolt Energy Industries Limited
Maxvolt Energy Industries operates one associated brand: Maxvolt Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lithium-ion battery packs for EVs and energy storage are manufactured. | maxvoltenergy.com |
Employees and EPFO Compliance at Maxvolt Energy Industries Limited
Employment history and EPFO contributions of people linked to Maxvolt Energy Industries.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Maxvolt Energy Industries Limited
Maxvolt Energy Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106DL2019PLC349854, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106DL2019PLC349854 | Current |
| U40106DL2019PTC349854 | Previous |
| U40106DL2019PLC349854 | Previous |
Recent Activity on Maxvolt Energy Industries Limited
Maxvolt Energy Industries Limited has 12 board changes on record since 2020: 6 appointments and 6 cessations. The latest: Rajni ceased to be Company Secretary on 13 Nov 2025.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maxvolt Energy Industries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Maxvolt Energy Industries Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Maxvolt Energy Industries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Maxvolt Energy Industries Limited
Maxvolt Energy Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAMCM6751F1Z4 | Uttar Pradesh | Active | 18 Jun 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Maxvolt Energy Industries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Maxvolt Energy Industries Limited
Maxvolt Energy Industries is an active public limited company based in New Delhi, Delhi, India. The company works in retailers, within the trading industry. It was incorporated on 09 May 2019 (7+ years old) and is registered under CIN L40106DL2019PLC349854.
Maxvolt Energy Industries reported revenue of ₹296.76 Cr for FY 2025-26 (up 176.1% YoY) based on consolidated financials.
Maxvolt Energy Industries has 5 current directors:
- Bhuvneshwar Pal Singh - Managing Director
- Vishal Gupta - Whole-Time Director
- Preet Kumar - Director
- Kavita Dixit - Director
- Ajay Kumar - Director
The GSTIN of Maxvolt Energy Industries is 09AAMCM6751F1Z4, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Maxvolt Energy Industries is L40106DL2019PLC349854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Maxvolt Energy Industries is a listed company.
Maxvolt Energy Industries was incorporated on 09 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Maxvolt Energy Industries has 11 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹12.58 Cr; the latest was in February 2025.
The peers of Maxvolt Energy Industries by revenue are Jieqin Technologies India Private Limited, M4s Engineering & Consultancy Private Limited, Trend Electronics Limited, TVS Sirius Controls Private Limited, KRPC Enterprises Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Rajni ceased to be Company Secretary on 13 Nov 2025. Satendra Shukla was appointed as CEO on 13 Nov 2025. Ajay Kumar was appointed as Director on 11 Sep 2024. Maxvolt Energy Industries has 12 board changes on record in total.
Yes, Maxvolt Energy Industries is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).