About Maxell Heat Exchangers Private Limited
Data last updated:
Maxell Heat Exchangers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 06 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36900MH2011PTC217124. Its GSTIN is 27AAHCM2043H1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Walter Nelson Pais (Managing Director) and Flavy Shanti Walter Nelson Pais.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.49 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹25.23 Lakh (net margin -28.5%) and EBITDA of -₹16.61 Lakh (EBITDA margin -18.8%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹3.27 Cr and satisfied charges of ₹3.27 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxellgroup.net.
Company details
Contact details
Maxell Heat Exchangers Private Limited's registered office is in Mumbai, Maharashtra. Its website is maxellgroup.net. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC/501 Shanti Complex Off Saki Vihar Road Behind Shristi Complex Opp L&T Gate No, 7 Powai, Mumbai, Maharashtra, India – 400072
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Maxell Heat Exchangers 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
Business activity
The main business activity of Maxell Heat Exchangers is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Maxell Heat Exchangers Private Limited, buy the company report.
Financials of Maxell Heat Exchangers Private Limited
FY 2025 filings availableMaxell Heat Exchangers Private Limited reported revenue of ₹88.49 Lakh (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 18% fall in the latest year. EBITDA fell 43% 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 |
|---|---|---|---|---|---|
| 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 | -₹16.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25.23 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.8% | ||||
| Net Profit Margin | -28.5% | ||||
| 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 Maxell Heat Exchangers Private Limited, buy the company report.
Board of directors of Maxell Heat Exchangers Private Limited
Maxell Heat Exchangers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Walter Nelson Pais | Managing Director | 06 May 2011 | 15 Years 6 Months | Current |
| Flavy Shanti Walter Nelson Pais | Director | 06 May 2011 | 15 Years 6 Months | Current |
Auditor
Maxell Heat Exchangers Private Limited is audited by V P SHUKLA & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V P SHUKLA & ASSOCIATES | FY 2015 | 132048W |
Shareholding
The shareholding of Maxell Heat Exchangers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maxell Heat Exchangers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2012 | 10340010 | Nkgsb Co-Operative Bank Limited. | ₹11.53 Lakh | Satisfied | |
| 07 Dec 2011 | 10323027 | Nkgsb Co-Operative Bank Limited | ₹70 Lakh | Satisfied | |
| 24 Oct 2011 | 10316929 | Nkgsb Co-Operative Bank Limited. | ₹56.9 Lakh | Satisfied | |
| 26 Sep 2011 | 10364836 | Nkgsb Co-Operative Bank Limited | ₹1.88 Cr | Satisfied |
To see the full charge records of Maxell Heat Exchangers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Maxell Heat Exchangers Private Limited has 3 court cases on record: 3 filed by Maxell Heat Exchangers. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Hitesh Plastics Pvt. Ltd. | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Hitesh Plastics Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against Hitesh Plastics Pvt. Ltd. | Disposed |
To see the full case history of Maxell Heat Exchangers 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
No delayed payments to MSME suppliers are on our record for Maxell Heat Exchangers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maxell Heat Exchangers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM2043H1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maxell Heat Exchangers Private Limited, buy the company report.
Recent activity
Maxell Heat Exchangers Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Flavy Shanti Walter Nelson Pais was appointed as Director on 06 May 2011.
3 earlier events are in the company report.
Frequently asked questions
Maxell Heat Exchangers is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 06 May 2011 (15+ years old) and is registered under CIN U36900MH2011PTC217124.
Maxell Heat Exchangers has 2 current directors:
- Walter Nelson Pais - Managing Director
- Flavy Shanti Walter Nelson Pais - Director
The latest financial statements of Maxell Heat Exchangers 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 Maxell Heat Exchangers is 27AAHCM2043H1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maxell Heat Exchangers is U36900MH2011PTC217124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxell Heat Exchangers has 3 court cases on record: 3 filed by the company. 1 is pending.
Maxell Heat Exchangers was incorporated on 06 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Flavy Shanti Walter Nelson Pais was appointed as Director on 06 May 2011. Walter Nelson Pais was appointed as Managing Director on 06 May 2011.
Maxell Heat Exchangers can be reached through the website maxellgroup.net. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Maxell Heat Exchangers is at C501 Shanti Complex Off Saki Vihar Road Behind Shristi Complex Opp L&T Gate No, 7 Powai, Mumbai, Maharashtra, India – 400072.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
