About Maha Rashtra Apex Corporation Ltd 
Maha Rashtra Apex Corporation Ltd
Micro Cap
Finance/NBFC
Maha Rashtra Apex Corporation (MACL) was incorporated as a banking company in Apr.'43 in the name of Maharashtra Apex Bank. Later in 1955, the branches were transferred to Canara Industrial and Banking Syndicate. The company was converted into a hire-purchase company and changed its name to the present one. It was promoted by the late Upendra Anantha Pai.
Company Coordinates 
Company Details
3rd Floor Front Wing North Blo, Manipal Centre 47 Dickenson Rd Bangalore Karnataka : 560042
Registrar Details
Purva Shareregistry (India) Pvt Ltd , Gala No 9, Shiv Shakti, Industrial Estate,Sitaram Mill Comp., J R Boricha Marg, Lower Parel [E], Mumbai
Capital Structure 
Present Equity Capital
INR 14.09 Cr
Number of Shares
1.42 Cr
Face Value
INR 10.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
05-Apr-2018
1.42
14.09
-58204
10
Forfeited Shares
01-Sep-2015
1.56
15.58
1430435
10
Allotment of Equity To Others
01-Sep-2015
1.56
15.58
1430435
10
Allotment of Equity To Others
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
None
Mutual Funds
Held by 0 Schemes
FIIs
Held by 0 FIIs
Promoter with highest holding
Manipal Holdings Private Limited (17.66%)
Highest Public shareholder
Gokuldas Hegde (1.37%)
Individual Investors Holdings
32.95%
Management
Designation
Remuneration
K B Shetty
Chairman & Independent Directo
0
J M Pandey
Company Sec. & Compli. Officer
7.01 k
Jyothi V B
Independent Director
0
ASPI NARIMAN KATGARA
Managing Director
3.65 lacs
Manjunath Manohar Singh
Director
0
Yazdin Jimmy Mistry
Director
0
Vidya Mananjay More
Independent Director
0
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
No Data Available for Raw Material Segmentation
No Data Available
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
Income from Hire Purchase, Lease, Loans & Advances
0.56
81.61%
Lodging Business
0.13
18.39%
Income from Hire Purchase, Lease, Loans & Advances
Income from Hire Purchase, Lease, Loans & Advances
Lodging Business
Lodging Business
Revenue and Profits:
Net Sales:
0 Cr
(Quarterly Results - Dec 2024)
Net Profit:
-7 Cr
Finance/NBFC
INR 168 Cr (Micro Cap)
0.00
20
0.00%
0.00
76.74%
0.38