Calculate your SIP ReturnsExplore

|

O

H

L

VOL


Days Range

About Maha Rashtra Apex Corporation

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. T Ramesh U Pai is the Chairman of MACL and T Sudhakar Pai is the Managing Director. The group companies are ICDS, Manipal Finance Corporation, Canara Steel and Karnataka Consumer Products. The company came out with a rights issue of 42.55 shares -- at a premium of Rs 5/- with detachable warrants, to consolidate its capital base and further augment its long-term resources and to broadbase and expand public holdings. The main activities of the company are lease and hire purchase, automobile financing, bill discounting, corporate finance, etc. The company plans to diversify into merchant banking, OTCEI dealership, stock exchange membership, money changing business, mutual funds, etc. With respect to diversification and expansion, MACL has promoted Manipal Home Finance for housing finance, Manipal Share and Stock Brokers and Manipal Motors. It is also diversifying into telecom and cellular telephone services. In 1971, a company called General Investments Trusts was amalgamated with the company. In 1995-96, the company issued 32,14,260 warrants to the promoters of the company on preferential basis. These warrants were converted into equity shares and allotted in Nov.'95. Its subsidiary Karnataka Consumer Products changed its name to Kurlon, during the year. During the year 1999-2000, the company diversified its activities and taking up the retail sale of almost all top mutual funds and has a strong network of around 100 branches. The company also took-up the agency of Western Union, a reputed US Company which specialises in offering quick and efficient Money Transfer Service from abroad. It has tied-up with M/s Citicorp Finance (India) Ltd for doing business in Light and Heavy Commercial Vehicles and also with leading Amercian NBFC "Associates" to canvass business for them on commission basis. With a move to diversify the company had taken up the Marketing of Mutual Funds of reputed brands and also ventured into retail marketing of gold coins.

Parent OrganisationManipal PaiManaging DirectorK B Shetty
Founded1943NSE SymbolMAHAPEXLTD

Peer Comparision

StocksMarket Cap (cr)Market Price (₹)52 Week Low-High (₹)

Maha Rashtra Apex Corporation Ltd FAQs

Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) share price as of May 30, 2024, on NSE is Rs 2,851.15 (NSE) and Rs 2,860.00 (BSE) on BSE.
Yes, You can buy Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) shares by opening a Demat account with Angel One.
Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) share can be bought through the following modes:
1. Direct investment: You can buy Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) shares.
Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Top Stocks

VIEW ALLView All Stocks

Top Gainers

    VIEW ALLView All Stocks

    Top Losers

      VIEW ALLView All Stocks

      Enjoy Zero Brokerage on Equity Delivery
      4.4 Cr+DOWNLOADS
      Enjoy Zero Brokerage on Equity Delivery

      Get the link to download the App

      Send App Link

      Enjoy Zero Brokerage on
      Equity Delivery