About Plus Max Duty Free Private Limited
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Plus Max Duty Free Private Limited is a private limited company based in Tiruchengode, Tamil Nadu, India, a subsidiary of Agm Duty Free (Selatan) Sdn Bhd. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 23 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U52390TZ2009PTC015705. Its GSTIN is 33AAFCP2732E1ZU (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Plus Max Impex India Private Limited. It is led by directors Ramasamy Suriyaprakasam (Managing Director) and Suriyaprakasam Prakadeesh Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 86/18 Royal Complex Sankari Road Seetharampalayam, Tiruchengode, Tamil Nadu, India – 637209.
As per the financials filed for FY 2024, the company reported a revenue of ₹99.9 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹74.73 Lakh (net margin -0.7%) and EBITDA of ₹81.59 Lakh (EBITDA margin 0.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company is associated with 1 brand: Plusmax. As per MCA filings, the company has open charges of ₹14.53 Cr on record. Court records list 29 cases involving the company, including 17 filed by the company and 12 filed against it; 13 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website plus.com.tr.
Company details
CIN history
Plus Max Duty Free has one previous CIN (Corporate Identification Number): U51909TZ2009PTC015705. The current CIN is U52390TZ2009PTC015705, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52390TZ2009PTC015705 | Current |
| U51909TZ2009PTC015705 | Previous |
Contact details
Plus Max Duty Free Private Limited's registered office is in Tiruchengode, Tamil Nadu. Its website is plus.com.tr. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 86/18 Royal Complex Sankari Road Seetharampalayam, Tiruchengode, Tamil Nadu, India – 637209
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Plus Max Duty Free 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
Plus Max Duty Free operates one associated brand: Plusmax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Graphic design, web site creation, desktop publishing, and social media management services. | plus.com.tr |
Business activity
The main business activity of Plus Max Duty Free is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Plus Max Duty Free Private Limited, buy the company report.
Financials of Plus Max Duty Free Private Limited
FY 2024 filings availablePlus Max Duty Free Private Limited reported revenue of ₹99.9 Cr (down 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 30% fall in the latest year. EBITDA fell 75% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹81.59 Lakh | ||||
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| Net Profit (PAT) | -₹74.73 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Plus Max Duty Free Private Limited, buy the company report.
Board of directors of Plus Max Duty Free Private Limited
Plus Max Duty Free has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suriyaprakasam Prakadeesh Kumar Also directs: Plus Max Starch Sago Private Limited, Plus Max Beverages Private Limited, Plus Max Infrastructure Private Limited and 5 more | Director | 05 Jan 2015 | 11 Years 9 Months | Current |
| Ramasamy Suriyaprakasam Also directs: Plus Max Starch Sago Private Limited, Plus Max Beverages Private Limited, Plus Max Infrastructure Private Limited and 5 more | Managing Director | 23 Dec 2009 | 16 Years 10 Months | Current |
Shareholding
The shareholding of Plus Max Duty Free Private Limited 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 Plus Max Duty Free Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2016 | 100020768 | Syndicate Bank | ₹14.53 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Plus Max Duty Free Private Limited has 29 court cases on record: 17 filed by Plus Max Duty Free, 12 filed against it. 13 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 3 | 7 |
| District courts | 12 | 9 | 6 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ranipet, Tamil Nadu | Petition | Filed against the company by G.Square Realtors Pvt. Ltd., | Pending |
| District court, Ranipet, Tamil Nadu | Civil suit | Filed against the company by M S G Square Realtors Pvt Ltd Rep by Its Authorized Signatory Viara Ganesh | Pending |
| District court, Ranipet, Tamil Nadu | Civil suit | Filed against the company by G Square Realtors P Ltd | Pending |
| District court, Ranipet, Tamil Nadu | Civil suit | Filed by the company against G Square Realtors Private Limited | Pending |
| High Court | Writ petition | Filed by the company against Ms. Kannur International Airport Ltd. and 2 others | Pending |
To see the full case history of Plus Max Duty Free 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 Plus Max Duty Free Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Plus Max Duty Free has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCP2732E1ZU | Tamil Nadu | Active | 01 Jul 2017 |
| 32AAFCP2732E1ZW | Kerala | Active | 21 Sep 2017 |
To see the full GST registrations and return filing status of Plus Max Duty Free Private Limited, buy the company report.
Recent activity
Plus Max Duty Free Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Leelavathi Kanthasami ceased to be Director on 30 Sep 2015.
Frequently asked questions
Plus Max Duty Free is an active private limited company based in Tiruchengode, Tamil Nadu, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 23 December 2009 (17+ years old) and is registered under CIN U52390TZ2009PTC015705.
Plus Max Duty Free has 2 current directors:
- Ramasamy Suriyaprakasam - Managing Director
- Suriyaprakasam Prakadeesh Kumar - Director
The latest financial statements of Plus Max Duty Free on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Plus Max Duty Free is 33AAFCP2732E1ZU, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAFCP2732E1ZW (Kerala).
The CIN (Corporate Identification Number) of Plus Max Duty Free is U52390TZ2009PTC015705. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Plus Max Duty Free has 29 court cases on record: 17 filed by the company and 12 filed against it. 13 are pending. Most are in the high courts.
Plus Max Duty Free was incorporated on 23 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Coimbatore.
Leelavathi Kanthasami ceased to be Director on 30 Sep 2015. Suriyaprakasam Prakadeesh Kumar was appointed as Director on 05 Jan 2015. Ramasamy Suriyaprakasam was appointed as Managing Director on 23 Dec 2009.
Plus Max Duty Free can be reached through the website plus.com.tr. Its registered office is in Tiruchengode, Tamil Nadu, India.
The registered office of Plus Max Duty Free is at No. 8618 Royal Complex Sankari Road Seetharampalayam, Tiruchengode, Tamil Nadu, India – 637209.