Max Spare Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 5.04 Cr
- Company Age 57 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 180.76 Cr
- Satisfied Charges ₹ 111.38 Cr
- Revenue Growth 25.21%
- Profit Growth 63.74%
- Ebitda 46.23%
- Net Worth 45.65%
- Total Assets 20.73%
About Max Spare
Max Spare Limited (MSL) was founded in India on 04 April 1967 and has a glorious history of 57 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Spare-Age Seals Limited. The Company is engaged in the Machinery And Equipment 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 15.00 Cr and a paid-up capital of Rs 5.04 Cr.
The company currently has active open charges totaling ₹180.76 Cr. The company has closed loans amounting to ₹111.38 Cr, as per Ministry of Corporate Affairs (MCA) records.
Jagmeet Sabharwal, Sonal Singh, Sheetal Sabharwal, and Three other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U32109MH1967PLC013711
- Company No.
013711
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
04 Apr 1967
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
What products or services does Max Spare Limited offer?
Max Spare Limited offers a wide range of products and services, including Seals, Oil Seals & Industrial Seals, Seals, Metal Pipe & Plumbing Fittings, Pipe Couplings, Shaft Seal, Rotary Shaft Seal, Pneumatic Seals, O-rings, Rod Seals, Industrial Fabrics and Textiles.
Who are the key members and board of directors at Max Spare?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jagmeet Sabharwal  | Managing Director | 01-Apr-1999 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Akshay Veliyil | Director | 01-Apr-2019 | Current |
| Sonal Singh | Director | 20-Mar-2019 | Current |
| Sheetal Sabharwal | Director | 13-Nov-2014 | Current |
| Tripti Sharma | Director | 28-Jul-2022 | Current |
| Rubina Sabharwal | Director | 04-Apr-2024 | Current |
Financial Performance of Max Spare.
Max Spare Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 25.21% increase. The company also saw a substantial improvement in profitability, with a 63.74% increase in profit. The company's net worth Soared by an impressive increase of 45.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Max Spare?
In 2021, Max Spare had a promoter holding of 92.94% and a public holding of 7.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Inco Colours (India) P LtdeJagmeet Sabharwal and Sheetal Sabharwal are mutual person
B. R. Steel Products Private LimitedJagmeet Sabharwal and Sheetal Sabharwal are mutual person
Karamtara Agrotech Private LimitedSonal Singh is a mutual person
United Vander Horst LtdJagmeet Sabharwal, Akshay Veliyil and 1 more are mutual person
Max Green Farms LlpJagmeet Sabharwal is a mutual person
- Accolade Properties Private Limited
Jagmeet Sabharwal is a mutual person
Charges (Loans)
₹180.76 Cr
₹111.38 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 82.06 Cr
- Others : 74.70 Cr
- Citi Bank N.A. : 24.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Citi Bank N.A. | ₹24.00 Cr | Open |
| 03 Aug 2022 | Axis Bank Limited | ₹14.37 Cr | Open |
| 29 Jun 2022 | Others | ₹1.00 Cr | Open |
| 26 Jun 2018 | Others | ₹2.59 Cr | Open |
| 03 May 2018 | Axis Bank Limited | ₹4.00 Cr | Open |
How Many Employees Work at Max Spare?
Max Spare has a workforce of 357 employees as of Apr 06, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Max Spare, 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 Max Spare's trajectory.
Rating
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
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.
