Maximus International Ltd. – Company Report
1. Company Overview
Maximus International Ltd. (MIL), incorporated on December 22, 2015, and headquartered in Vadodara, Gujarat, operates as a merchant exporter and sourcing company with a primary focus on lubricants and base oils. MIL is a subsidiary of Optimus Finance Ltd., a BSE-listed NBFC, and specializes in importing and exporting lubricant oils, base oils, and related chemical products for the automobile, power, and metal manufacturing industries. The company has established a presence across the Middle East and several African countries, leveraging its international distribution network. As of July 2025, market capitalization stood at approximately ₹163 crore, with promoters holding 57.6%.
- Incorporated: 2015
- Headquarters: Vadodara, Gujarat, India
- Market Cap (July 2025): ~₹163 crore
- Listed: BSE SME
- Executive Leadership: Not publicly disclosed
2. Products and Services
Maximus International offers a wide and evolving product portfolio tailored to industrial, automotive, and agro markets:
- Lubricants & Oil-Based Products: Base oil, white oil, transformer oil, engine oil, gear oil, transmission fluids, brake fluids, and lubricating oil additives
- Plastic Additives: For masterbatches and industrial processing, serving the plastics and packaging industries
- Agricultural & Specialty Chemicals: Herbal pesticides, integrated pest management tools, and agro-related chemicals
- Industrial Solutions: Specialty chemicals and oils for power, refrigeration, and metalworking sectors
- Distribution Reach: Exports to the Middle East, Africa, and select global markets for industrial and B2B clients
The company also engages in product sourcing and trading for industrial and agricultural businesses, adapting its portfolio to meet international demand.
3. Recent News and Financial Performance
Key Highlights:
- October 4, 2023: MIL and its African subsidiary Quantum Lubricants EA Ltd launched an expansion in East Africa, appointing J Shrinika Limited as exclusive distributor in Uganda, Tanzania, and Rwanda. The initiative is expected to generate over ₹100 crore in revenues within two years.
- September 2, 2022: UAE subsidiary Maximus Global FZE signed a three-year bulk supply contract with Neo Lubritech FZ-LLC for 5 million litres (₹55 crore) of white and base oils, deepening presence in the MENA region.
- November 18, 2022: The company’s expansion in Africa is proceeding smoothly and as a first step, it recently acquired the remaining equity stake in its Kenya-based manufacturing subsidiary with a view to gain full control over the company.
- Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed), a Vadodara-based non-banking finance company registered by the Reserve Bank of India. MIL was incorporated under the Companies Act, 2013.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹156.85 crore |
| Net Profit | ₹9.1 crore |
| Operating Profit Margin | 8.47% |
| Earnings Per Share (EPS) | ₹0.67 |
| Return on Equity (ROE) | 16.1% |
| Dividend | No dividend declared |
| Debt | No major issues; high debtor days |