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About Power Max(India)Pvt Ltd
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Power Max(India)Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the engineering sector. It was incorporated on 28 April 1984.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31403WB1984PTC037436. Its GSTIN is 19AABCP9559R1ZA (West Bengal). The company holds 7 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Dipak Kumar Bose and Anup Kumar Agrawal.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Stephen Court 18A Park Street 5th Floor Flat No. 5J Lift No. 03, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2021, the company reported a revenue of ₹39.78 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹1.66 Cr (net margin -4.2%) and EBITDA of ₹3.14 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The company is associated with 1 brand: Powermax Fitness. As per MCA filings, the company has open charges of ₹49.99 Cr and satisfied charges of ₹3.29 Cr on record. Court records list 61 cases involving the company, including 22 filed by the company and 39 filed against it; 7 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹67 Lakh; the latest was in June 2017.
The last known website on record is powermaxgroup.net.
Company details
Contact details
Power Max(India)Pvt Ltd's registered office is in Kolkata, West Bengal. Its website is powermaxgroup.net. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressStephen Court 18A Park Street 5th Floor Flat No. 5J Lift No. 03, Kolkata, West Bengal, India – 700071
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Power Max(India)Pvt 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
Brands
Power Max(India) operates one associated brand: Powermax Fitness. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online store specializing in fitness equipment sales. | powermaxfitness.net |
Business activity
The main business activity of Power Max(India) is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Power Max(India)Pvt Ltd, buy the company report.
Financials of Power Max(India)Pvt Ltd
FY 2021 filings availablePower Max(India)Pvt Ltd reported revenue of ₹39.78 Cr (down 27% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 38% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹39.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.66 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| Net Profit Margin | -4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Power Max(India)Pvt Ltd, buy the company report.
Board of directors of Power Max(India)Pvt Ltd
Power Max(India) has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipak Kumar Bose | Director | 10 Dec 1984 | 41 Years 10 Months | As last reported |
| Anup Kumar Agrawal Also directs: Xotels Hospitality LLP, Sadashiva Edge Consulting LLP | Director | 17 Mar 2025 | 1 Years 7 Months | As last reported |
| Nagaraj Virupaksharao Kulkarni Also directs: JKS Metal Industries Private Limited | Director | 17 Mar 2025 | 1 Years 7 Months | As last reported |
| Rachna Jhunjhunwala Also directs: Egress Insolvency Professionals LLP | Irp/Rp/Liquidator | 22 Sep 2023 | 3 Years 1 Months | As last reported |
| Periasamy Jothikannan | Director | 17 Mar 2025 | 1 Years 7 Months | As last reported |
Auditor
Power Max(India)Pvt Ltd is audited by A N CHATTERJEE & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A N CHATTERJEE & CO | FY 2021 | 302143E |
Shareholding
The shareholding of Power Max(India)Pvt 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Power Max(India)Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2008 | 10296820 | L & T Finance Limited | ₹9.15 Lakh | Open | |
| 14 Jan 2004 | 90248493 | Indian Bank | ₹49.9 Cr | Open | |
| 27 Jun 2014 | 10507281 | West Bengal Financial Corporation | ₹1.5 Cr | Satisfied | |
| 24 Apr 2012 | 10355420 | Tata Capital Financial Services Limited | ₹16.18 Lakh | Satisfied | |
| 24 Apr 2012 | 10353543 | Tata Capital Financial Services Limited | ₹13.05 Lakh | Satisfied |
To see the full charge records of Power Max(India)Pvt Ltd, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Power Max(India)Pvt Ltd has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹67 Lakh; the latest was in June 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Rights issue | ₹1.83 Cr | Investors: an individual |
| Nov 2012 | Funding round | ₹48 Lakh | Investors: an individual |
| Mar 2011 | Funding round | ₹19 Lakh | Investors: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Power Max(India)Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Power Max(India)Pvt Ltd has 61 court cases on record: 22 filed by Power Max(India), 39 filed against it. 7 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 34 | 6 |
| High courts | 21 | 4 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (CS37) | Filed against the company by M/S Sudhir Power Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Cholamandalam Investment and Finance Company Ltd.. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Akj Engineers Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed against the company by Cholamandalam Investment and Finance Company Ltd. | Disposed |
| NCLT, NCLT Kolkata | Petition | Filed against the company by Deepak Industries Ltd | Disposed |
To see the full case history of Power Max(India)Pvt 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.
Credit ratings & regulatory alerts
Power Max(India)Pvt Ltd was last rated by Indiarating on 30 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 30 Apr 2021 |
To see the full credit ratings and regulatory alerts of Power Max(India)Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Power Max(India)Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Power Max(India) has 7 GST registrations: 3 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCP9559R1ZA | West Bengal | Active | 01 Jul 2017 |
| 06AABCP9559R1ZH | Haryana | Active | 12 Feb 2020 |
| 29AABCP9559R2Z8 | Karnataka | Active | 01 Dec 2020 |
To see the full GST registrations and return filing status of Power Max(India)Pvt Ltd, buy the company report.
Recent activity
Power Max(India)Pvt Ltd has 14 board changes on record since 1984: 5 appointments and 9 cessations. The latest: Anup Kumar Agrawal was appointed as Director on 17 Mar 2025.
36 earlier events are in the company report.
Frequently asked questions
Power Max(India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Power Max(India) is a company under insolvency, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in the engineering industry. It was incorporated on 28 April 1984 and is registered under CIN U31403WB1984PTC037436. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Power Max(India) has 5 current directors:
- Dipak Kumar Bose - Director
- Anup Kumar Agrawal - Director
- Nagaraj Virupaksharao Kulkarni - Director
- Periasamy Jothikannan - Director
- Rachna Jhunjhunwala - Irp/Rp/Liquidator
The latest financial statements of Power Max(India) on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Power Max(India) is U31403WB1984PTC037436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Power Max(India) has open charges of ₹49.99 Cr and satisfied charges of ₹3.29 Cr as per latest MCA filings.
Power Max(India) has 61 court cases on record: 22 filed by the company and 39 filed against it. 7 are pending. Most are in the district courts.
Power Max(India) was incorporated on 28 April 1984. It is registered with the Registrar of Companies, Kolkata.
Power Max(India) has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹67 Lakh; the latest was in June 2017.
Anup Kumar Agrawal was appointed as Director on 17 Mar 2025. Nagaraj Virupaksharao Kulkarni was appointed as Director on 17 Mar 2025. Periasamy Jothikannan was appointed as Director on 17 Mar 2025. Power Max(India) has 14 board changes on record in total.