Maximus International Limited (MIL) was incorporated on December 22, 2015 under the Companies Act, 2013 with the Registrar of Companies, Ahmedabad (Gujarat). MIL is a wholly owned subsidiary of Optimus Finance Limited, a Vadodara based BSE Listed Company.
Business area of the company
MIL is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others. The company acts as a Merchant Exporter and Sourcing Company with a niche focus on lubricants and base oils. The company has also started trading in plastic additives used for masterbatches, and certain agro related products. The company has presence in the markets of Middle East & certain African Countries. It aims to expand its product portfolio in these regions and acts as a sourcing company for various industrial and agricultural based companies. Maximus offers a wide product range which includes Lubricants and Oil based products like Base Oil, White Oil, Transformer Oil, Engine Oil, Gear Oil / Transmission Fluid, Brake Fluid and Lubricating Oil Additives. They also offer other products like Herbal Pesticides, Integrated Pest Management Equipment, Tractor Spares and Plastic Additives etc.
Major events and milestones
- 2015: Incorporation of Company as ‘Maximus International Limited’ a public limited company under the Companies Act, 2013.
- 2016: Company made its first Import purchase and Export Sale and first trade in base Oil.
- 2016: Company started its first import from Sharjah, UAE and first export to Nairobi, Kenya.
- 2016: Company commenced trading in ‘White Oil’ and ‘Transformer Oil’.
- 2016: Company made its first domestic purchase and commenced export to UAE.
- 2016: Company began trading in Lubricants.
- 2016: Company made its first import purchase from UAE.
- 2016: Company allotted 20,00,000 Equity Shares on a Rights basis to its Promoter, Optimus Finance Limited in lieu of part of unsecured loans outstanding.
- 2016: Company commenced export trade to Kuwait.
- 2016: Company allotted 12,00,000 Equity Shares on a Rights basis to its Promoter, Optimus Finance Limited in lieu of part of unsecured loans outstanding.
- 2016: Company added ‘Calcium Carbonate’ (Plastic Additives) to its product portfolio.
- 2016: Company made its first import from Vietnam and commenced export to Qatar.
- 2016: Company has commenced marketing and promotional activities for herbal pesticides, tractor spare parts and other agro related products.
- 2017: Commenced formalities for setting up of wholly owned subsidiary in UAE in the name and style of Maximus Global FZE.