About Maxxis Rubber India Private Limited
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Maxxis Rubber India Private Limited is a foreign private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Cheng Shin Rubber Industries Co. Ltd., Taiwan. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 26 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25203GJ2015FTC082714. Its GSTIN is 24AAJCM7177Q1ZM (Gujarat). The company holds 9 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹2,359 Cr and a paid-up capital of ₹2,359 Cr. It is led by directors including Shiu Hsiung Chen and Cheng Yao Liao.
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 Plot No. Sm – 12 Sm – 51/2 Sanand – II Industrial Estate, Ahmedabad, Gujarat, India – 382110.
As per the financials filed for FY 2025, the company reported a revenue of ₹550.96 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹129.73 Cr (net margin -23.5%) and EBITDA of ₹47.17 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 37% over five years.
The company has about 443 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Maxxis Rubber India and Maxxis. As per MCA filings, the company has open charges of ₹47.5 Cr on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it; 5 cases are pending. The company has 5 deals on record (4 rights issues, 1 secondary share transfer); the latest was in September 2024. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,159 overdue payments to 274 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxxis.com.
Company details
Contact details
Maxxis Rubber India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is maxxis.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. Sm – 12 Sm – 51/2 Sanand – II Industrial Estate, Ahmedabad, Gujarat, India – 382110
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Maxxis Rubber India Private Limited, buy the company report.
- 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
Brands
Maxxis Rubber India operates two associated brands: MAXXIS RUBBER INDIA and Maxxis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies two-wheeler tyres for various applications. | maxxistyres.co.in | |
| Manufacturer and supplier of tyres | maxxis.com |
Business activity
The main business activity of Maxxis Rubber India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Maxxis Rubber India Private Limited, buy the company report.
Financials of Maxxis Rubber India Private Limited
FY 2025 filings availableMaxxis Rubber India Private Limited reported revenue of ₹550.96 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 26% growth in the latest year. EBITDA rose 604% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹47.17 Cr | ||||
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| Net Profit (PAT) | -₹129.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | -23.5% | ||||
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To see the full financial statements and ratios of Maxxis Rubber India Private Limited, buy the company report.
Board of directors of Maxxis Rubber India Private Limited
Maxxis Rubber India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiu Hsiung Chen | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Cheng Yao Liao | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Yun Hwa Chen | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
| Tsang Chih Chu | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Maxxis Rubber India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Maxxis Rubber India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maxxis Rubber India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2024 | 100869223 | Others | ₹40 Cr | Open | |
| 24 Dec 2016 | 100072713 | The Hongkong and Shanghai Banking Corporation Limited | ₹7.5 Cr | Open |
To see the full charge records of Maxxis Rubber India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Maxxis Rubber India Private Limited has 5 deals on record (4 rights issues, 1 secondary share transfer); the latest was in September 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Rights issue | ₹672 Cr | Investors: Cheng Shin Rubber Industries Co. Ltd.,, Maxxis Trading Company Limited |
| Jun 2022 | Rights issue | ₹812 Cr | Investors: Cheng Shin Rubber Industries Co. Ltd.,, Maxxis Trading Company Limited |
| Sep 2020 | Rights issue | ₹225 Cr | Investors: Cheng Shin Rubber Industries Co. Ltd.,, Maxxis Trading Company Limited |
| Aug 2017 | Rights issue | ₹280 Cr | Investors: Cheng Shin Rubber Industries Co. Ltd.,, Maxxis Trading Company Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Maxxis Trading Company Limited Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maxxis Rubber India Private Limited has 16 court cases on record: 8 filed by Maxxis Rubber India, 8 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 7 | 5 |
| High courts | 6 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Sri Radhakrishna Shipping (P) Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Sri Radhakrishna Shipping (P) Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Sri Radhakrishna Shipping (P) Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Pending |
To see the full case history of Maxxis Rubber India Private 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
Maxxis Rubber India Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,159 overdue payments to 274 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 274)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jayam Industries | |||
| GRP Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Innovative Engineering Products Private Limited |
To see the full MSME payment records of Maxxis Rubber India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Maxxis Rubber India Private Limited has a workforce of 443 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Maxxis Rubber India has 9 GST registrations: 6 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM7177Q1ZM | Gujarat | Active | 01 Jul 2017 |
| 24AAJCM7177Q3ZK | Gujarat | Active | 16 Aug 2017 |
| 08AAJCM7177Q1ZG | Rajasthan | Active | 01 Jul 2017 |
| 29AAJCM7177Q1ZC | Karnataka | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of Maxxis Rubber India Private Limited, buy the company report.
Recent activity
Maxxis Rubber India Private Limited has 9 board changes on record since 2015: 4 appointments and 5 cessations. The latest: Chun Hsuan Liu ceased to be Director on 21 Sep 2020.
3 earlier events are in the company report.
News
Frequently asked questions
Maxxis Rubber India is an active foreign private limited company based in Ahmedabad, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 26 March 2015 (11+ years old) and is registered under CIN U25203GJ2015FTC082714.
Maxxis Rubber India has 4 current directors:
- Shiu Hsiung Chen - Director
- Cheng Yao Liao - Director
- Yun Hwa Chen - Director
- Tsang Chih Chu - Director
The latest financial statements of Maxxis Rubber India 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 2015 are in the company report.
The GSTIN of Maxxis Rubber India is 24AAJCM7177Q1ZM, registered in Gujarat. The company has 9 GST registrations in all, of which 6 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAJCM7177Q3ZK (Gujarat), 08AAJCM7177Q1ZG (Rajasthan), 29AAJCM7177Q1ZC (Karnataka).
The CIN (Corporate Identification Number) of Maxxis Rubber India is U25203GJ2015FTC082714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxxis Rubber India has 16 court cases on record: 8 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Maxxis Rubber India was incorporated on 26 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Maxxis Rubber India has 5 deals on record (4 rights issues, 1 secondary share transfer); the latest was in September 2024.
Chun Hsuan Liu ceased to be Director on 21 Sep 2020. Tsai Jen Lo ceased to be Director on 21 Sep 2020. Tsang Chih Chu was appointed as Director on 21 Sep 2020. Maxxis Rubber India has 9 board changes on record in total.
Maxxis Rubber India has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,159 overdue payments to 274 micro and small suppliers. The latest return was filed on 20 Apr 2024.
Maxxis Rubber India can be reached through the website maxxis.com. Its registered office is in Ahmedabad, Gujarat, India.
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