About Redmax Footwears Limited
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Redmax Footwears Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 19 October 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L15201MH1982PLC291306. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (537524) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Hindusthan Safety Glass Industries Ltd. It is led by directors including Hemant Jindal (Managing Director) and Monika Jindal.
Its last annual general meeting (AGM) was held on 22 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹11.87 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹84.98 Cr and EBITDA of -₹84.85 Cr. Revenue has declined at a compounded annual rate (CAGR) of 37% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lagao Boli. Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it; 3 cases are pending. The company has 7 deals on record (7 market trades); the latest was in January 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website v-corp.in.
Company details
Name history
Redmax Footwears has undergone 2 name changes throughout its history. The company was previously known as Hindusthan Safety Glass Industries Ltd, and Redmax Footwears Limited. The current legal name is Redmax Footwears Limited.
| Company Name | Status |
|---|---|
| Redmax Footwears Limited | Current |
| Hindusthan Safety Glass Industries Ltd | Previous |
CIN history
Redmax Footwears has 6 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15201MH1982PLC291306, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15201MH1982PLC291306 | Current |
| L52399MH1982PLC291306 | Previous |
| L52100MH1982PLC291306 | Previous |
| L52399WB1982PLC035375 | Previous |
| U26109WB1982PLC035375 | Previous |
| L26109WB1982PLC035375 | Previous |
| L15201DC1982PLC469647 | Previous |
Contact details
Redmax Footwears Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressSaisha Bungalow No. 10/87 Mhada Svp Nagar Janki Devi School Road Versova Andheri, West, Mumbai, Maharashtra, India – 400053
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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
Redmax Footwears operates one associated brand: Lagao Boli. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an app-based auction marketplace for a wide range of products. | lagaoboli.com |
Financials of Redmax Footwears Limited
FY 2024 filings availableRedmax Footwears Limited reported revenue of ₹11.87 Cr (down 82% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over three years, including a 82% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹84.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹84.98 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
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To see the full financial statements and ratios of Redmax Footwears Limited, buy the company report.
Board of directors of Redmax Footwears Limited
Redmax Footwears has 7 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monika Jindal | Director | 03 Apr 2024 | 2 Years 7 Months | Current |
| Rupali Singhania Also directs: Areete Advisory Services Private Limited | Director | 30 May 2025 | 1 Years 5 Months | Current |
| Anita Sethia | Director | 10 Nov 2020 | 6 Years 0 Months | Current |
| Amit Singhania Also directs: K.T.C. (India) Limited | Director | 30 May 2025 | 1 Years 5 Months | Current |
| Ghanshyam Shukla Also directs: Redmax Activewear Private Limited | Director | 03 Apr 2024 | 2 Years 7 Months | Current |
| Hemant Jindal Also directs: Jbo Globeworld LLP, Modular Footwears Private Limited, JMJ Creations Private Limited and 1 more | Managing Director | 03 Apr 2024 | 2 Years 7 Months | Current |
Deals & funding
Redmax Footwears Limited has 7 deals on record (7 market trades); the latest was in January 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Market trade | ₹15 Lakh | Seller: Alpha Leon Enterprises LLP |
| Feb 2021 | Market trade | ₹5.1 Lakh | Seller: an individual |
| Jan 2021 | Market trade | ₹6.8 Lakh | Seller: an individual |
| Dec 2020 | Market trade | ₹5.6 Lakh | Seller: an individual |
| Dec 2019 | Market trade | ₹46.7 Lakh | Buyer: Meghna Infracon Infrastructure Limited Seller: Meghna Infracon Infrastructure Limited , an individual |
To see the full deal history of Redmax Footwears Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Redmax Footwears Limited has 15 court cases on record: 3 filed by Redmax Footwears, 12 filed against it. 3 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 2 |
| High courts | 5 | 3 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Ugro Capital Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Viiking Media and Entertainment Pvt. Ltd and 4 others | Pending |
| District court, Ghaziabad, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Ugro Capital Ltd. | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Ability Games Pvt. Ltd. | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by HT Media Limited | Disposed |
To see the full case history of Redmax Footwears 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 Redmax Footwears Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Redmax Footwears has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Redmax Footwears Limited, buy the company report.
Recent activity
Redmax Footwears Limited has 38 board changes on record since 2009: 7 appointments and 31 cessations. The latest: Akash Aggarwal ceased to be CFO on 18 Nov 2025.
29 earlier events are in the company report.
News
Frequently asked questions
Redmax Footwears is an active public limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 19 October 1982 (44+ years old) and is registered under CIN L15201MH1982PLC291306.
Redmax Footwears has 7 current directors:
- Hemant Jindal - Managing Director
- Monika Jindal - Director
- Rupali Singhania - Director
- Anita Sethia - Director
- Amit Singhania - Director
- Ghanshyam Shukla - Director
- Himanshu Kumar - Director
The latest financial statements of Redmax Footwears on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 22 November 2024. Year-wise statements from 2015 are in the company report.
No. Redmax Footwears has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Redmax Footwears is L15201MH1982PLC291306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Redmax Footwears is recorded as a listed company by MCA, but trading in its shares on BSE (537524) has been suspended, so they do not currently trade on a stock exchange.
Redmax Footwears has 15 court cases on record: 3 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Redmax Footwears was incorporated on 19 October 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Redmax Footwears has 7 deals on record (7 market trades); the latest was in January 2022.
Akash Aggarwal ceased to be CFO on 18 Nov 2025. Amit Singhania was appointed as Director on 30 May 2025. Himanshu Kumar was appointed as Director on 30 May 2025. Redmax Footwears has 38 board changes on record in total.
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