Maharashtra Corporation Limited

Invests, trades, and distributes textile and agro commodities in India, part of Visagar Group.

1982 | Mumbai, Maharashtra (India) | Active
Last Updated:

Maharashtra Corporation Profile

Key Indicators

  • Authorised Capital ₹ 64.00 Cr
  • Paid Up Capital ₹ 62.09 Cr
  • Company Age 42 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.99 Cr
  • Revenue Growth -99.69%
  • Profit Growth -11736.60%
  • Ebitda -5276.87%
  • Net Worth -5.21%
  • Total Assets -9.62%

About Maharashtra Corporation

Maharashtra Corporation Limited (MCL) is a Public Limited Indian Non-Government Company incorporated in India on 24 November 1982 and has a history of 42 years and three months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505523.

The Corporate was formerly known as Maharashtra Industrial Leasing And Investment Ltd. The Company is engaged in the Agriculture Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 64.00 Cr and a paid-up capital of Rs 62.09 Cr.

The company currently has active open charges totaling ₹1.99 Cr.

The Key Managerial Personnel (KMP) at Maharashtra Corporation Limited India are Amandeep as Ceo, Ravi Rajak as Cfo, and Hardika Solanki as Company Secretary. Tilokchand Kothari, Anjali Pareek, Ravi Rajak, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mcl.visagar.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L71100MH1982PLC028750

  • Company No.

    028750

  • Stock Symbol

    BSE : 505523

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Nov 1982

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Agriculture
Home & Lifestyle

Who are the key members and board of directors at Maharashtra Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Amandeep CEO28-Mar-2022Current
Ravi Rajak Country flag representing In CFO28-Mar-2022Current
Hardika Solanki Country flag representing In Company Secretary06-Feb-2020Current

Board Members (4)

NameDesignationAppointment DateStatus
Tilokchand Kothari Country flag representing In Director 04-Jan-2010Current
Anjali Pareek Country flag representing In Director 30-Sep-2024Current
Madhu Vaishnav Country flag representing In Director 12-Mar-2019Current
Kuldeep Kumar Country flag representing In Director 12-Mar-2019Current

Financial Performance of Maharashtra Corporation.

Maharashtra Corporation Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 99.69% decrease. The company also saw a substantial fall in profitability, with a 11736.6% decrease in profit. The company's net worth dipped by a decrease of 5.21%.

Maharashtra Corporation revenue growth over time
Maharashtra 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
-99.69%
Revenue from Operations
-100.00%
Total Assets
-9.62%
Profit or Loss
-11736.60%
Net Worth
-5.21%
EBITDA
-5276.87%

What is the Ownership and Shareholding Structure of Maharashtra Corporation?

In 2022, Maharashtra Corporation had a promoter holding of 13.28% and a public holding of 86.73%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.99 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Central Bank Of India : 1.99 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 1994Central Bank Of India₹3.60 MOpen
28 Jun 1991Central Bank Of India₹1.45 CrOpen
29 Mar 1989Central Bank Of India₹1.70 MOpen
04 Jan 1988Central Bank Of India₹0.15 MOpen

How Many Employees Work at Maharashtra Corporation?

Unlock and access historical data on people associated with Maharashtra Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Maharashtra Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra 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 Maharashtra 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 Maharashtra Corporation

Recent activity within the organization

  • Annual General Meeting

    Maharashtra Corporation Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Anjali Surendrakumar Pareek was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 5 months 3 days .

  • Balance Sheet

    Maharashtra Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Ravi Kumar Rajak was appointed as a Director was appointed as a Director on 06 Sep 2022 & has been associated with this company since 2 years 5 months .

  • Director Appointment

    Amandeep was appointed as a Ceo was appointed as a Ceo on 28 Mar 2022 & has been associated with this company since 2 years 11 months .

  • Director Appointment

    Ravi Kumar Rajak was appointed as a Cfo was appointed as a Cfo on 28 Mar 2022 & has been associated with this company since 2 years 11 months .

Frequently asked questions

  • What is the Incorporation or founding date of Maharashtra Corporation Limited?

    Maharashtra Corporation Limited was incorporated on 24 Nov 1982.

  • What is authorized share capital and paid-up capital of Maharashtra Corporation Limited?

    The authorized share capital of Maharashtra Corporation Limited is ₹ 64.00 Cr and paid-up capital is ₹ 62.09 Cr.

  • Who are the current board members & directors of Maharashtra Corporation Limited?

    Currently 8 directors are associated with Maharashtra Corporation Limited.

    • Tilokchand Manaklal Kothari
    • Anjali Surendrakumar Pareek
    • Amandeep
    • Ravi Kumar Rajak
    • Hardika Rakeshkumar Solanki
    • Ravi Kumar Rajak
    • Madhu Bala Vaishnav
    • Kuldeep Kumar
  • What is the registered address of Maharashtra Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra Corporation Limited is 907/908 Dev Plaza S.V. Road Andheri (West), India, Mumbai, Maharashtra, 400058.

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

    The corporate identification number (CIN) of Maharashtra Corporation Limited is L71100MH1982PLC028750 and the company number is 028750 as per Ministry of Corporate Affairs (MCA).

  • Is Maharashtra Corporation Limited registered with any stock exchange in India?

    Yes, Maharashtra Corporation Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Maharashtra Corporation Limited?

    The Official website of Maharashtra Corporation Limited is https://www.mcl.visagar.com

  • What has been the recent revenue trend for Maharashtra Corporation Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Maharashtra Corporation Limited has fallen by -99.69%.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Maharashtra Corporation Limited has experienced an downturn of -5.21%.

  • What are the total open charges for Maharashtra Corporation Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Maharashtra Corporation Limited amount to ₹ 1.99 Cr.

  • When was the last Balance Sheet of Maharashtra Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Maharashtra Corporation Limited was filed with the ROC on 31 Mar 2024.

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