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Maha Rashtra Apex Corporation Ltd. (India)

Main Activities: Other Nondepository Credit Intermediation
Full name: Maha Rashtra Apex Corporation Ltd. Profile Updated: October 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Maha Rashtra Apex Corporation Ltd. is a non-banking financial company located in Bangalore, India. It was incorporated on April 26, 1943, under the Companies Act, 1913, as Maharashtra Apex Bank Ltd. The founder of the company was Mr. Upendra Anantha Pai, who was also the founder of Syndicate Bank Ltd. In 1955, the company transferred its branches to Canara Industrial and Banking Syndicate Ltd, now known as Syndicate Bank, based on the advice of the Reserve Bank of India. After refunding major share capital, the company changed its name to Maha Rashtra Apex Corporation Ltd and became a hire purchase company. The company later amalgamated with General Investments Trusts Ltd as per the order of the Honorable High Court of Karnataka. Maha Rashtra Apex Corporation Ltd is one of the oldest hire purchase companies in India and has expanded into other financial activities. It is the flagship company of the Manipal Group. The late Sri T Ramesh U Pai served as the Chairman of the company and was involved in various social service activities and the promotion of educational institutions, including professional colleges. The company has paid dividends every year since its inception until 1998.

Legal Address
3rd Floor, Front Wing,, North Block, Manipal Centre, 47, Dickenson Road
Bangalore; Karnataka; Postal Code: 560042

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Website: http://www.maharashtraapex.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1943
Key Executives
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Chairman
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Director
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Director
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Director
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Director
Ownership Details
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62.54%
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32.84%
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4.61%
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0.01%
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Subsidiaries
Crimson Estate & Properties Pvt.Ltd.
100%
Maharashtra Apex Asset Management Co.Ltd.
100%
Riviera Steels Pvt.Ltd.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
309.1%
Total operating revenue
20.72%
Operating profit (EBIT)
69.57%
EBITDA
68.88%
Net Profit (Loss) for the Period
N/A
Total assets
162.51%
Total equity
307.98%
Operating Profit Margin (ROS)
-111.84%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
-43.72%
Quick Ratio
0.08%
Cash Ratio
-0.04%

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