About Maxtone Electronics P Ltd
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Maxtone Electronics P Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 23 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32109MH1994PTC079143. Its GSTIN is 27AABCM5324K1ZF (Maharashtra). The company holds 8 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.07 Cr. It is led by directors including Nipun Dhiraj Sancheti and Kunal Pankaj Sancheti.
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 ₹8.78 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹89.98 Lakh (net margin 10.2%) and EBITDA of ₹87.92 Lakh (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 3% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.9 Lakh and satisfied charges of ₹29.14 Cr on record. Court records list 38 cases involving the company, including 25 filed by the company and 13 filed against it; 6 cases are 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 maxtone.com.
Company details
Contact details
Maxtone Electronics P Ltd's registered office is in Mumbai, Maharashtra. Its website is maxtone.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 206 Sona Udhyog, Parsi Panchayat Road Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Maxtone Electronics P Ltd, 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 Maxtone Electronics P is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Maxtone Electronics P Ltd, buy the company report.
Financials of Maxtone Electronics P Ltd
FY 2025 filings availableMaxtone Electronics P Ltd reported revenue of ₹8.78 Cr (up 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 43% growth in the latest year. EBITDA rose 166% 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 | ₹87.92 Lakh | ||||
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| Net Profit (PAT) | ₹89.98 Lakh | ||||
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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 | 10% | ||||
| Net Profit Margin | 10.2% | ||||
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To see the full financial statements and ratios of Maxtone Electronics P Ltd, buy the company report.
Board of directors of Maxtone Electronics P Ltd
Maxtone Electronics P has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nipun Dhiraj Sancheti | Director | 25 Jan 2024 | 2 Years 8 Months | Current |
| Kunal Pankaj Sancheti Also directs: Ecotribe Sustainability Solutions Private Limited | Director | 25 Jan 2024 | 2 Years 8 Months | Current |
| Champakraj Juharmal Gurjar Also directs: Trade Association of Information Technology | Director | 23 Jun 1994 | 32 Years 4 Months | Current |
Peer comparison
Maxtone Electronics P Ltd is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hira Electrical Appliances Private Limited | ₹8.79 Cr (FY 2025) | 21.0% | Delhi, India | |||
| Maxtone Electronics P Ltdthis company | ₹8.78 Cr (FY 2025) | ₹89.98 Lakh | 10.2% | 43.0% | 1 | Mumbai, Maharashtra, India |
| Altius Digital Private Limited | ₹8.76 Cr (FY 2022) | -44.0% | Thane, Maharashtra, India | |||
| Caps International Private Limited | ₹8.76 Cr (FY 2024) | -28.0% | Guwahati, Assam, India |
To see the full peer comparison of Maxtone Electronics P Ltd, buy the company report.
Auditor
Maxtone Electronics P Ltd is audited by P. RAJ & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. RAJ & CO. | FY 2023 | 108310W |
Shareholding
The shareholding of Maxtone Electronics P Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maxtone Electronics P Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 1997 | 90156557 | Mashreq Bank | ₹1.9 Lakh | Open | |
| 01 Dec 2017 | 100184273 | Others | ₹2.97 Cr | Satisfied | |
| 29 Mar 2014 | 10488923 | Deutsche Bank Ag | ₹3.32 Cr | Satisfied | |
| 22 Oct 2011 | 10314285 | Yes Bank Limited | ₹4.5 Cr | Satisfied | |
| 19 Oct 2011 | 10312650 | Yes Bank Limited | ₹4.5 Cr | Satisfied |
To see the full charge records of Maxtone Electronics P Ltd, buy the company report.
Total charge records: 11 View all charges
Legal cases
Maxtone Electronics P Ltd has 38 court cases on record: 25 filed by Maxtone Electronics P, 13 filed against it. 6 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 8 | 4 |
| High courts | 18 | 5 | 2 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Counter Claim) | Filed against the company by KBS Computers Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against KBS Computers Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Ingram Micro India Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Ingram Micro India Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed by the company against Ingram Micro India Pvt. Ltd. and 6 others | Disposed |
To see the full case history of Maxtone Electronics P Ltd, 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 Maxtone Electronics P Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maxtone Electronics P Ltd has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Maxtone Electronics P has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM5324K1ZF | Maharashtra | Active | 01 Jul 2017 |
| 29AABCM5324K1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maxtone Electronics P Ltd, buy the company report.
Recent activity
Maxtone Electronics P Ltd has 5 board changes on record since 1994: 4 appointments and 1 cessation. The latest: Kunal Pankaj Sancheti was appointed as Director on 25 Jan 2024.
23 earlier events are in the company report.
Frequently asked questions
Maxtone Electronics P is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 23 June 1994 (32+ years old) and is registered under CIN U32109MH1994PTC079143.
Maxtone Electronics P has 3 current directors:
- Nipun Dhiraj Sancheti - Director
- Kunal Pankaj Sancheti - Director
- Champakraj Juharmal Gurjar - Director
The latest financial statements of Maxtone Electronics P 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 Maxtone Electronics P is 27AABCM5324K1ZF, registered in Maharashtra. The company has 8 GST registrations in all, of which 2 are active and 6 are cancelled or inactive. Other active GSTINs include 29AABCM5324K1ZB (Karnataka).
The CIN (Corporate Identification Number) of Maxtone Electronics P is U32109MH1994PTC079143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxtone Electronics P has 38 court cases on record: 25 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Maxtone Electronics P was incorporated on 23 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maxtone Electronics P by revenue are Hira Electrical Appliances Private Limited, Altius Digital Private Limited, Caps International Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Kunal Pankaj Sancheti was appointed as Director on 25 Jan 2024. Nipun Dhiraj Sancheti was appointed as Director on 25 Jan 2024. Kantilal Gurjar ceased to be Director on 04 Jul 2015. Maxtone Electronics P has 5 board changes on record in total.
Maxtone Electronics P can be reached through the website maxtone.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Maxtone Electronics P is at B – 206 Sona Udhyog, Parsi Panchayat Road Andheri East, Mumbai, Maharashtra, India – 400069.