Maxgrow India Limited

HR solutions provider since 1994.

1994 | Mumbai, Maharashtra (India) | Active
Last Updated:

Maxgrow India Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 19.97 Cr
  • Company Age 31 Year, 1 Month
  • Last Filing with ROC 31 Mar 2020
  • Satisfied Charges ₹ 32.00 Cr
  • Revenue Growth -35.89%
  • Profit Growth -1839.20%
  • Ebitda 44.66%
  • Net Worth 100.91%
  • Total Assets 22.41%

About Maxgrow India

Maxgrow India Limited (MIL) is a Public Limited Indian Non-Government Company incorporated in India on 12 January 1994 and has a history of 31 years and one month. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 521167.

The Corporate was formerly known as Bullize Industries Limited. The Company is engaged in the Business Outsourcing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2020. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 19.97 Cr.

The company has closed loans amounting to ₹32.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Maxgrow India Limited India is Avinash Godse as COMPANY SECRETARY. Guda Rakesh, Amarjit Shrivastav, Laxman Medudula, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    maxgrowindiacirp.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L51100MH1994PLC076018

  • Company No.

    076018

  • Stock Symbol

    BSE : 521167

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    12 Jan 1994

  • Date of AGM

    30 Sep 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Business Outsourcing

What products or services does Maxgrow India Limited offer?

Maxgrow India Limited offers a wide range of products and services, including Essential & Aromatic Oils, Castor Oil, Industrial Chemicals & Supplies, Disinfectant Chemicals, Cosmetics, Hair & Beauty Products, Cosmetic Raw Material.

Who are the key members and board of directors at Maxgrow India?

Executive Team (1)

NameDesignationAppointment DateStatus
Avinash Godse Company Secretary03-Jan-2025Current

Board Members (5)

NameDesignationAppointment DateStatus
Guda Rakesh Additional Director 19-Sep-2024Current
Amarjit Shrivastav Additional Director 19-Sep-2024Current
Laxman Medudula Additional Director 19-Sep-2024Current
Pooja Keer Additional Director 19-Sep-2024Current
Shivkumar Pasi Additional Director 23-Dec-2024Current

Financial Performance of Maxgrow India.

Maxgrow India Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 35.89% decrease. The company also saw a substantial fall in profitability, with a 1839.2% decrease in profit. The company's net worth Soared by an impressive increase of 100.91%.

Maxgrow India revenue growth over time
Maxgrow India 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
-35.89%
Revenue from Operations
Total Assets
22.41%
Profit or Loss
-1839.20%
Net Worth
100.91%
EBITDA
44.66%

What is the Ownership and Shareholding Structure of Maxgrow India?

In 2020, Maxgrow India had a promoter holding of 50.82% and a public holding of 49.17%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹32.00 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 26.60 Cr
  • The Bank Of Scotia : 4.20 Cr
  • Export Import Bank Of India : 1.20 Cr

Latest Charge Details

DateLenderAmountStatus
08 Jul 1996State Bank Of India₹17.70 CrSatisfied
01 Apr 1995The Bank Of Scotia₹1.00 CrSatisfied
27 Oct 1994Export Import Bank Of India₹1.20 CrSatisfied
27 May 1994State Bank Of India₹8.90 CrSatisfied
25 Mar 1994The Bank Of Scotia₹3.20 CrSatisfied

How Many Employees Work at Maxgrow India?

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

Employee growth trends for Maxgrow India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maxgrow India, 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 Maxgrow India'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 Maxgrow India

Recent activity within the organization

  • Director Appointment

    Avinash Bhau Godse was appointed as a Company Secretary was appointed as a Company Secretary on 03 Jan 2025 & has been associated with this company since 2 months .

  • Director Appointment

    Shivkumar Ramsagar Pasi was appointed as a Additional Director was appointed as a Additional Director on 23 Dec 2024 & has been associated with this company since 2 months 11 days .

  • Director Appointment

    Guda Rakesh was appointed as a Additional Director was appointed as a Additional Director on 19 Sep 2024 & has been associated with this company since 5 months 14 days .

  • Director Appointment

    Amarjit Kumar Shrivastav was appointed as a Additional Director was appointed as a Additional Director on 19 Sep 2024 & has been associated with this company since 5 months 14 days .

  • Director Appointment

    Laxman Medudula was appointed as a Additional Director was appointed as a Additional Director on 19 Sep 2024 & has been associated with this company since 5 months 14 days .

  • Annual General Meeting

    Maxgrow India Limited last Annual general meeting of members was held on 30 Sep 2020 as per latest MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Maxgrow India Limited?

    Maxgrow India Limited was incorporated on 12 Jan 1994.

  • What is authorized share capital and paid-up capital of Maxgrow India Limited?

    The authorized share capital of Maxgrow India Limited is ₹ 20.00 Cr and paid-up capital is ₹ 19.97 Cr.

  • Who are the current board members & directors of Maxgrow India Limited?

    Currently 6 directors are associated with Maxgrow India Limited.

    • Guda Rakesh
    • Amarjit Kumar Shrivastav
    • Laxman Medudula
    • Pooja Pravin Keer
    • Shivkumar Ramsagar Pasi
    • Avinash Bhau Godse

  • What is the registered address of Maxgrow India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maxgrow India Limited is Office No. 5 Floor-5 Plot-239 Hari Leela House Mint Road, Fort India, Mumbai, Maharashtra, 400001.

  • What is the corporate identification number (CIN) and company number of Maxgrow India Limited?

    The corporate identification number (CIN) of Maxgrow India Limited is L51100MH1994PLC076018 and the company number is 076018 as per Ministry of Corporate Affairs (MCA).

  • Is Maxgrow India Limited registered with any stock exchange in India?

    Yes, Maxgrow India Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Maxgrow India Limited?

    The Official website of Maxgrow India Limited is https://www.maxgrowindiacirp.com

  • What has been the recent revenue trend for Maxgrow India Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Maxgrow India Limited has fallen by -35.89%.

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

    The financial reports for the fiscal year 2020 indicates that The net worth of Maxgrow India Limited has experienced an upsurge of 100.91%.

  • When was the last Balance Sheet of Maxgrow India Limited filed with the ROC?

    The most recent Balance Sheet for Maxgrow India Limited was filed with the ROC on 31 Mar 2020.

People also Viewed

Similar Companies Based on HR Outsourcing & Talent Management