What we do Maha Rashtra Apex Corporation Ltd offers hire-purchase, leasing, automobile financing, and corporate finance services, while focusing on recovery of prior operations. |
Founded in 1,943 |
Market share Established with historical prominence in finance leasing; currently limited operations with continued support from Sharp Corporation, Japan. |
Problem solved Provides financial solutions in vehicle leasing, hire purchase, and corporate finance to bridge credit gaps for businesses and individuals. |
Top clients or who we serve Serves retail and corporate clients across financing sectors, including mutual funds and vehicle finance with B2B and B2C engagements. |
Key management - |
Our journey and innovations Incorporated as a bank in 1943; transitioned to hire-purchase in 1955; expanded into mutual funds, telecom, and money transfer services; ceased production in 2015; focusing on recovery. |
Where we operate Operations primarily in India, with financial and operational support from holding company Sharp Corporation, Japan. |
Top products or what we offer Hire-purchase and leasing finance, automobile financing, bill discounting, corporate finance, mutual funds distribution, money transfer agency. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is limited and largely non-recurring due to discontinued core operations, relying on recovery efforts and service commissions. |
Our industry position Legacy financier with diminished scale, currently a niche player focused on servicing legacy assets and select financial services. |
Financial highlights FY 2024-25 total income was Rs.3.63 lakh; reported net loss of Rs.19.29 crore; accumulated losses at Rs.166.58 crore. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth constrained by cessation of production; sustained by recovery focus and financial support from parent company. |
Our future plans No major expansions; focus on recoveries and managing financial obligations under court-sanctioned arrangements. |
Our green promise - |
Our people and values Maintains harmonious industrial relations; emphasizes corporate governance and ethical compliance. |
Key challenges ahead Challenges include turning around financial losses, restarting operations, and regulatory compliance post-suspension. |
Interesting facts One of India's oldest financial companies, initially a bank since 1943, evolving through diverse business lines. |
Risks and strategy Mitigates risks through support from Sharp Corporation and stringent financial controls; strategy centers on recovery and prudent asset management. |
