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Maximaa Systems Ltd. Company History and Annual Growth Details

Maximaa Systems Limited (MSL) is a BSE listed and ISO 9001:2008 certified company having 3 different divisions namely Storage Systems, Infoways and Proyurveda.

1.Storage Systems:
The Company is engaged into manufacturing and selling of various kinds of storage systems (which includes heavy duty, pallet racking system, slotted angle panel, two-tier, three-tier racking system, mobile storage system and compactor), steel furniture, stainless steel furniture and display rack.

2. Infoways:
Under this division, Company is providing web based customized software solution to its overseas clients which includes USA, U.K., South Africa

3. Proyurvda:
The Company is into manufacturing and marketing of Ayurvedic formulations with cutting edge biotechnology of Probiotic with Ayurveda known as 'Proyurveda', all the products are patented in USA, India, China.

Company history:

The Company entered into capital market in 1994.

In 1996-97, the Company made a rights issue

In 1999-2000, the Company entered into full -fledged Information Technology division (IT division) to cater the need of software value added service.

In 2009-10, The Scheme of Amalgamation of Mapara Furniture Private Limited and Maximaa Infoways Private Limited with Maximaa Systems Ltd (MSL) and the scheme of capital reduction was sanctioned by the Hon'ble High Court of Ahmedabad, Gujarat on 12.07.2010 and Hon'ble High Court of Mumbai on 11.06.2010.

In 2010-11,
(i)The Company acquired the exclusive rights of patents from Dr. M.S.Reddy, USA to produce and market worldwide .the business of Human Ayurvedic Formulations with probiotics and food/dietary supplements from M/s ADFAC Laboratories Private Limited, Hyderabad, Andhra Pradesh including the USA, India and China Patents.
(ii)The Company made a preferential issue of 8,50,500 equity shares at a price of Rs. 15/-
(iii) The Company appointed Dr. DRK Reddy, Dr, Milan Desai and Mr. Milan Chitalia as independent directors.

In 2011-12, there was sub-division of face value of equity shares from rs. 10 to Rs. 2 each, the current share capital of the Company is Rs. 10,04,72,510 divided into 5,02,36,255 equity shares of Rs. 2/-each.

-Company has splits its Face value of Shares from Rs 10 to Rs 2.

- Maximaa Systems launches WHO-GMP Compliant manufacturing unit.

-Maximaa Systems has launched its Proyurveda range of products on-line via its recently launched online portal www.maximaaprovurveda.com.