Maha Rashtra Apex Corporation Limited

Banking company providing leasing, hire purchase, and bill discounting services with branches in major cities.

1943 | Bangaluru, Karnataka (India) | Active
Last Updated:

Maha Rashtra Apex Corporation Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 14.41 Cr
  • Company Age 82 Year, 6 Days
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 15.96%
  • Profit Growth 0.66%
  • Ebitda -1305.84%
  • Net Worth -26.66%
  • Total Assets -20.31%

About Maha Rashtra Apex Corporation

Maha Rashtra Apex Corporation Limited (MRACL) was founded in India on 26 March 1943 and has a glorious history of 82 years . Its registered office is in Bangaluru, Karnataka, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 523384 and on the National Stock Exchange(NSE) under BE : MAHAPEXLTD.

The Corporate was formerly known as The Maharashtra Apex Bank Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 14.41 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Maha Rashtra Apex Corporation Limited India is Jamsheed Panday as CFO. Kudi Shetty, Nagarajan Sivaramakrishnan, Vidya More, and Three other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L85110KA1943PLC001177

  • Company No.

    001177

  • Stock Symbol

    BSE : 523384 NSE : BE : MAHAPEXLTD

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    26 Mar 1943

  • Date of AGM

    28 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Maha Rashtra Apex Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Aspi Katgara Country flag representing In Managing Director22-Dec-2017Current
Jamsheed Panday Country flag representing In CFO30-Apr-2003Current

Board Members (5)

NameDesignationAppointment DateStatus
Yazdin Mistry Country flag representing In Director 20-Oct-2020Current
Nagarajan Sivaramakrishnan Country flag representing In Director 11-Jun-2024Current
Kudi Shetty Country flag representing In Director 10-Jul-2006Current
Vidya More Country flag representing In Director 23-Mar-2022Current
Jyothi Bhadravathi Country flag representing In Director 31-Mar-2015Current

Financial Performance of Maha Rashtra Apex Corporation.

Maha Rashtra Apex Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.96% increase. The company also saw a slight improvement in profitability, with a 0.66% increase in profit. The company's net worth observed a substantial decline by a decrease of 26.66%.

Maha Rashtra Apex Corporation revenue growth over time
Maha Rashtra Apex Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
15.96%
Revenue from Operations
-90.26%
Total Assets
-20.31%
Profit or Loss
0.66%
Net Worth
-26.66%
EBITDA
-1305.84%

What is the Ownership and Shareholding Structure of Maha Rashtra Apex Corporation?

In 2022, Maha Rashtra Apex Corporation had a promoter holding of 62.54% and a public holding of 37.47%. The company had 3 Subsidiaries and 3 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Maha Rashtra Apex Corporation?

Maha Rashtra Apex Corporation has a workforce of 10 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Maha Rashtra Apex Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maha Rashtra Apex Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maha Rashtra Apex Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Maha Rashtra Apex Corporation

Recent activity within the organization

  • Director Appointment

    Nagarajan Sivaramakrishnan was appointed as a Director was appointed as a Director on 11 Jun 2024 & has been associated with this company since 9 months 20 days .

  • Annual General Meeting

    Maha Rashtra Apex Corporation Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Maha Rashtra Apex Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Director Appointment

    Yazdin Jimmy Mistry was appointed as a Director was appointed as a Director on 20 Oct 2020 & has been associated with this company since 4 years 5 months .

  • Director Appointment

    Aspi Nariman Katgara was appointed as a Managing Director was appointed as a Managing Director on 22 Dec 2017 & has been associated with this company since 7 years 3 months .

  • Director Appointment

    Jyothi Vishweshwaraiah Bhadravathi was appointed as a Director was appointed as a Director on 31 Mar 2015 & has been associated with this company since 10 years 1 day .

Frequently asked questions

  • What is the Incorporation or founding date of Maha Rashtra Apex Corporation Limited?

    Maha Rashtra Apex Corporation Limited was incorporated on 26 Mar 1943.

  • What is authorized share capital and paid-up capital of Maha Rashtra Apex Corporation Limited?

    The authorized share capital of Maha Rashtra Apex Corporation Limited is ₹ 40.00 Cr and paid-up capital is ₹ 14.41 Cr.

  • Who are the current board members & directors of Maha Rashtra Apex Corporation Limited?

    Currently 7 directors are associated with Maha Rashtra Apex Corporation Limited.

    • Kudi Bhoja Shetty
    • Nagarajan Sivaramakrishnan
    • Vidya Mananjay More
    • Aspi Nariman Katgara
    • Jyothi Vishweshwaraiah Bhadravathi
    • Yazdin Jimmy Mistry
    • Jamsheed Minocher Panday

  • What is the registered address of Maha Rashtra Apex Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maha Rashtra Apex Corporation Limited is 3Rd Floor Front Wing North Block, Manipal Centre India, Bangalore, Karnataka, 560001.

  • What is the corporate identification number (CIN) and company number of Maha Rashtra Apex Corporation Limited?

    The corporate identification number (CIN) of Maha Rashtra Apex Corporation Limited is L85110KA1943PLC001177 and the company number is 001177 as per Ministry of Corporate Affairs (MCA).

  • Is Maha Rashtra Apex Corporation Limited registered with any stock exchange in India?

    Yes, Maha Rashtra Apex Corporation Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): BE : MAHAPEXLTD.

  • What is the official website of Maha Rashtra Apex Corporation Limited?

    The Official website of Maha Rashtra Apex Corporation Limited is https://www.maharashtraapex.com

  • What has been the recent revenue trend for Maha Rashtra Apex Corporation Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Maha Rashtra Apex Corporation Limited has risen by 15.96%.

  • How many employees does Maha Rashtra Apex Corporation Limited currently have?

    As Per 2023 financial reports, 10 employees are currently employed by Maha Rashtra Apex Corporation Limited.

  • What change has been observed in the net worth of Maha Rashtra Apex Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Maha Rashtra Apex Corporation Limited has experienced an downturn of -26.66%.

  • When was the last Balance Sheet of Maha Rashtra Apex Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Maha Rashtra Apex Corporation Limited was filed with the ROC on 31 Mar 2023.

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