MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0071708
Market Cap
₹431 Cr
MAXENGS-ST · NSE
Share Price
₹304.35
-3.21% today
Revenue
₹29.45 Cr
FY 2025-26 · +33.3% YoY
EBITDA
₹15.18 Cr
Margin 51.5%
Net Profit
₹11.86 Cr
FY 2025-26 · +29.5% YoY
ROE
62.6%
ROCE 48.9%
Debt / Equity
0.67
Interest cover 7.6x
Authorised capital
₹15 Cr
Registered with MCA
About Maxwell Engineering Solutions Limited
Data last updated:
Maxwell Engineering Solutions Limited is a public limited company based in Vaghodia, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 13 September 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29308GJ2022PLC135432. Its GSTIN is 24AAQCM1847C1ZJ (Gujarat). It is a listed company as per MCA records. Its shares are listed on NSE: MAXENGS.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.05 Cr. It was formerly known as Maxwell Engineering Solutions Private Limited. It is led by directors including Rajkumar Chaudhary (Managing Director) and Vinubhai Kanjibhai Chavda (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vaghodia, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹29.45 Cr, a growth of 33.3% compared to the previous year. For the same year it recorded a net profit of ₹11.86 Cr (net margin 40.3%) and EBITDA of ₹15.18 Cr (EBITDA margin 51.5%). The net worth stands at ₹24.87 Cr (up 91.3% YoY). Total assets are valued at ₹41.6 Cr (up 92.5% YoY).
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.74 Cr and satisfied charges of ₹23.29 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Maxwell Engineering Solutions Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0071708). For more details, the company can be reached via its website maxwells.in.
Company details
CIN U29308GJ2022PLC135432
Registration Number 135432
Incorporation Date 13 September 2022
ROC Ahmedabad
Listing Status Listed (NSE: MAXENGS)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0071708
CIN history
Maxwell Engineering Solutions has one previous CIN (Corporate Identification Number): U29308GJ2022PTC135432. The current CIN is U29308GJ2022PLC135432, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29308GJ2022PLC135432 | Current |
| U29308GJ2022PTC135432 | Previous |
Key People
Rajkumar Chaudhary Managing Director Vinubhai Kanjibhai Chavda Whole-Time Director Hitenkumar Jayantilal Prajapati Director Recognitions & Rankings of Maxwell Engineering Solutions
Contact details
Maxwell Engineering Solutions Limited's registered office is in Vaghodia, Gujarat.
- Registered AddressPlot 939 & 940, Waghodia GIDC Waghodia, Vaghodia, Gujarat, India – 391760
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
Maxwell Engineering Solutions 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 Maxwell Engineering Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Maxwell Engineering Solutions Limited, buy the company report.
Financials of Maxwell Engineering Solutions Limited
FY 2025-26 filings availableMaxwell Engineering Solutions Limited reported revenue of ₹29.45 Cr (up 33.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹29.45 Cr
+33.3% YoY
EBITDA
₹15.18 Cr
+30.0% YoY
Profit After Tax
₹11.86 Cr
+29.5% YoY
Net Worth
₹24.87 Cr
+91.3% YoY
Total Assets
₹41.60 Cr
+92.5% YoY
Total Debt
₹16.73 Cr
+94.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 29.45 | 22.10 | 10.54 |
| Revenue growth | +33.3% | +109.7% | - |
| EBITDA | 15.18 | 11.68 | 4.24 |
| EBITDA margin | +51.5% | +52.9% | +40.2% |
| Profit before tax | 14.39 | 11.04 | 3.81 |
| Net profit | 11.86 | 9.16 | 3.15 |
| Net profit margin | +40.3% | +41.5% | +29.9% |
| EPS (₹) | 11.80 | 33.32 | 3,160.70 |
| Balance sheet | |||
| Total assets | 41.60 | 21.61 | 6.52 |
| Net worth | 24.87 | 13.00 | 3.33 |
| Total debt | 16.73 | 8.60 | 3.19 |
| Cash & bank | 2.76 | 1.80 | 1.24 |
| Net working capital | 12.59 | 11.88 | 3.48 |
| Cash flow | |||
| Cash from operations | 7.48 | 7.37 | 1.89 |
| Cash from investing | (13.58) | (12.38) | (2.03) |
| Cash from financing | 7.06 | 5.57 | 0.75 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 29.45 | 22.10 | 10.54 |
| Revenue growth | +33.3% | +109.7% | - |
| Other income | 1.31 | 0.49 | 0.32 |
| Total expenses | 14.27 | 10.42 | 6.30 |
| Employee cost | 5.22 | 2.92 | 1.80 |
| EBITDA | 15.18 | 11.68 | 4.24 |
| EBITDA margin | +51.5% | +52.9% | +40.2% |
| Depreciation | 1.03 | 0.79 | 0.53 |
| Interest | 1.07 | 0.34 | 0.22 |
| Profit before tax | 14.39 | 11.04 | 3.81 |
| Tax | 2.53 | 1.88 | 0.66 |
| Net profit | 11.86 | 9.16 | 3.15 |
| Net profit margin | +40.3% | +41.5% | +29.9% |
| EPS (₹) | 11.80 | 33.32 | 3,160.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 10.05 | 2.75 | 0.01 |
| Reserves & surplus | 14.82 | 10.25 | 3.32 |
| Shareholders' funds (net worth) | 24.87 | 13.00 | 3.33 |
| Secured loans | 15.88 | 7.62 | 3.19 |
| Unsecured loans | 0.85 | 0.98 | 0.00 |
| Total debt | 16.73 | 8.60 | 3.19 |
| Total liabilities | 41.60 | 21.61 | 6.52 |
| Assets | |||
| Gross block | 28.08 | 4.40 | 2.98 |
| Net block | 25.63 | 2.97 | 2.98 |
| Capital work in progress | 3.34 | 6.59 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| Inventories | 6.13 | 1.51 | 0.25 |
| Sundry debtors | 5.87 | 3.08 | 1.02 |
| Cash & bank balances | 2.76 | 1.80 | 1.24 |
| Loans & advances | 3.55 | 9.19 | 2.96 |
| Total current assets | 18.31 | 15.58 | 5.47 |
| Total current liabilities | 5.72 | 3.70 | 1.99 |
| Net working capital | 12.59 | 11.88 | 3.48 |
| Total assets | 41.60 | 21.61 | 6.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 1.80 | 1.24 | 0.63 |
| Net cash from operating activities | 7.48 | 7.37 | 1.89 |
| Net cash from investing activities | (13.58) | (12.38) | (2.03) |
| Net cash from financing activities | 7.06 | 5.57 | 0.75 |
| Net change in cash | 0.96 | 0.56 | 0.61 |
| Closing cash | 2.76 | 1.80 | 1.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +33.3% | +109.7% | - |
| EBITDA growth | +30.0% | +175.5% | - |
| PBT growth | +30.3% | +189.8% | +9997.0% |
| Net income growth | +29.5% | +190.8% | - |
| Profitability & leverage | |||
| Net income margin | +40.3% | +41.5% | +29.9% |
| Return on capital employed | +48.9% | +81.1% | +90.9% |
| Return on net worth | +62.6% | +112.4% | +180.6% |
| Debt / equity | 0.67 | 0.72 | 1.55 |
| Long-term debt / equity | 0.52 | 0.51 | 0.87 |
| Interest cover | 7.56 | 3.12 | 5.93 |
| Efficiency & per share | |||
| Fixed asset turnover | 1.81 | 5.99 | 4.68 |
| Inventory turnover | 7.71 | 25.11 | 70.27 |
| Debtors turnover | 6.58 | 10.78 | 13.96 |
| EPS (₹) | 11.80 | 33.32 | 3,160.70 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 24.74 | 47.24 | 3,331.30 |
To see the full year-wise statements and ratios of Maxwell Engineering Solutions Limited, buy the company report.
Board of directors of Maxwell Engineering Solutions Limited
Maxwell Engineering Solutions has 5 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 |
|---|---|---|---|---|
| Hitenkumar Jayantilal Prajapati Also directs: Tti Enterprise Limited, Maitri Valuation Private Limited | Director | 09 Jun 2025 | 1 Years 5 Months | Current |
| Rajkumar Chaudhary Also directs: Exma Private Limited, Maxwell Foundation | Managing Director | 13 Sep 2022 | 4 Years 1 Months | Current |
| Vinubhai Kanjibhai Chavda Also directs: Exma Private Limited, Maxwell Foundation | Whole-Time Director | 13 Sep 2022 | 4 Years 1 Months | Current |
| Puja Kasera Also directs: Amrapali Films Ltd, Ashoka Cattle and Poultry Feeds Limited | Director | 09 Jun 2025 | 1 Years 5 Months | Current |
| Ria Rajkumar Chaudhary Also directs: Maxwell Foundation | Director | 25 Apr 2025 | 1 Years 6 Months | Current |
Charges & borrowings
Open charges
₹18.74 Cr
Satisfied charges
₹23.29 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2025 | 101100216 | Hdfc Bank Limited | ₹27.2 Lakh | Open | |
| 29 May 2025 | 101112675 | Others | ₹91.31 Lakh | Open | |
| 29 May 2025 | 101123300 | Others | ₹91.31 Lakh | Open | |
| 16 Mar 2024 | 100883554 | Hdfc Bank Limited | ₹31.84 Lakh | Open | |
| 07 Mar 2023 | 100699667 | Hdfc Bank Limited | ₹16.32 Cr | Open |
To see the full charge records of Maxwell Engineering Solutions Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Maxwell Engineering Solutions Limited has 2 court cases on record: 1 filed by Maxwell Engineering Solutions, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Assistant Commissioner | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Central GST and Excise | Disposed |
To see the full case history of Maxwell Engineering Solutions 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 Maxwell Engineering Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maxwell Engineering Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAQCM1847C1ZJ | Gujarat | Active | 04 Oct 2022 |
To see the full GST registrations and return filing status of Maxwell Engineering Solutions Limited, buy the company report.
Recent activity
Maxwell Engineering Solutions Limited has 7 board changes on record since 2022: 5 appointments and 2 cessations. The latest: Hitenkumar Jayantilal Prajapati was appointed as Director on 09 Jun 2025.
Filing
Maxwell Engineering Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 27 Sep 2022 via Charge ID 100645137 with Hdfc Bank Limited was fully satisfied on 05 Jan 2026.
AGM
Maxwell Engineering Solutions Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 16.32 Cr registered on 07 Mar 2023 with Charge ID 100699667 was modified on 11 Sep 2025.
Appointed
Hitenkumar Jayantilal Prajapati was appointed as Director.
Appointed
Puja Kasera was appointed as Director.
Ceased
Rajkumar Chaudhary ceased to be Director.
Ceased
Vinubhai Kanjibhai Chavda ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 101100216 was registered on 30 May 2025.
Charges
A charge with Others amounted to Rs. 0.91 Cr with Charge ID 101112675 was registered on 29 May 2025.
Charges
A charge with Others amounted to Rs. 0.91 Cr with Charge ID 101123300 was registered on 29 May 2025.
Appointed
Ria Rajkumar Chaudhary was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Maxwell Engineering Solutions is an active public limited company based in Vaghodia, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 13 September 2022 (4+ years old) and is registered under CIN U29308GJ2022PLC135432. Listed on NSE: MAXENGS.
Maxwell Engineering Solutions reported revenue of ₹29.45 Cr for FY 2025-26 (up 33.3% YoY) based on standalone financials.
Maxwell Engineering Solutions has 5 current directors:
- Rajkumar Chaudhary - Managing Director
- Vinubhai Kanjibhai Chavda - Whole-Time Director
- Hitenkumar Jayantilal Prajapati - Director
- Puja Kasera - Director
- Ria Rajkumar Chaudhary - Director
The latest financial statements of Maxwell Engineering Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Maxwell Engineering Solutions is 24AAQCM1847C1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Maxwell Engineering Solutions is U29308GJ2022PLC135432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Maxwell Engineering Solutions is a listed company as per MCA records. Its shares are listed on NSE (symbol: MAXENGS).
Maxwell Engineering Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Maxwell Engineering Solutions was incorporated on 13 September 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hitenkumar Jayantilal Prajapati was appointed as Director on 09 Jun 2025. Puja Kasera was appointed as Director on 09 Jun 2025. Rajkumar Chaudhary ceased to be Director on 08 Jun 2025. Maxwell Engineering Solutions has 7 board changes on record in total.
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