Seemax Resources
Seemax Resources Limited is an authorized Hyundai Construction Equipment dealer selling, renting, and servicing material handling equipment, warehousing solutions, storage racking, and Amaron Brute batteries for industrial customers across Gujarat and other Indian states.
- Company typePrivate
- Founded2015
- HeadquartersVadodara, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Seemax Resources does
Seemax Resources Limited, incorporated in 2015 and headquartered in Vadodara, Gujarat, is an authorized dealer of Hyundai Construction Equipment India Pvt. Ltd.'s Material Handling Equipment Division, operating across equipment sales, rentals, maintenance services, storage racking, and battery distribution. The company is preparing to list on the BSE SME platform in July 2026 (BOM: 544813), with an IPO issue size of up to Rs. 19.74 crore through a fresh issue of 14 lakh equity shares. Its product portfolio spans Hyundai-branded diesel, LPG, and electric forklifts (3-wheel and 4-wheel counterbalance), reach trucks, order pickers, platform trucks, tow trucks, and battery-operated pallet trucks, alongside third-party equipment from Toyota, Godrej, Crown, BT, Tata, Ace, and CTR held in its rental fleet. Complementary offerings include warehousing equipment (scissor lifts, dock levelers, goods lifts, manual/semi-electric stackers), an extensive storage racking catalog (selective pallet, RF shuttle, cantilever, mezzanine, ASRS, drive-in, carton flow, double deep, multi-tier, metal pallets), and Amaron Brute Batteries distributed via wholly-owned subsidiary Seemax Automotive Solution Pvt. Ltd.
The business operates five revenue streams: (1) one-time equipment sales (primarily Hyundai MHE plus genuine spares), (2) recurring rental services of electric/battery-operated forklifts, reach trucks, BOPT, and electric stackers with 24/7 operator deployment and bundled maintenance, (3) subscription-style maintenance contracts (AMC, ASC with one-year minimum, CMC with three-year minimum), (4) parts and battery trading including Amaron Brute distribution, and (5) racking system sale and installation. Pricing is quote-based across all streams - pay-as-you-go for rentals and multi-year for maintenance contracts - with no publicly disclosed price list.
Seemax serves enterprise industrial customers across seven verticals: automotive, steel, cement, logistics, construction, aviation, and railway. Distribution is anchored by its exclusive Gujarat Hyundai dealership combined with direct enterprise sales, supported by a registered office in Vadodara and a workshop/parts facility in Kalol. Leadership is led by Managing Director Amit Naldev Trivedi (22+ years of MHE experience) and Whole-Time Director Seema Amit Trivedi, with independent and non-executive directors rounding out the board. The company reports Rs. 12.37 crore in revenue from operations and Rs. 2.15 crore profit after tax for the nine months ended December 31, 2025, and claims 100% customer retention since initial association.
Seemax Resources firmographics
Firmographics- Name
- Seemax Resources
- Legal name
- Seemax Resources Limited
- Website
- https://seemaxresources.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Seemax Resources Limited is an authorized Hyundai Construction Equipment dealer selling, renting, and servicing material handling equipment, warehousing solutions, storage racking, and Amaron Brute batteries for industrial customers across Gujarat and other Indian states.
- Ownership category
- akta.pro rank
Where Seemax Resources is headquartered
LocationHeadquarters
- HQ city
- Vadodara
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Seemax Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Equipment Sales: Sale of new material handling equipment including forklifts (diesel, LPG, electric), reach trucks, order pickers, stackers, pallet trucks, and related equipment. As authorized dealer of Hyundai Construction Equipment India Pvt. Ltd., they sell Hyundai MHE and genuine spares.
- Hiring & Rental Services: Rental of material handling equipment including electric/battery operated forklifts, reach trucks, battery operated pallet trucks (BOPT), and electric stackers. Services include deploying skilled operators, 24/7 round-the-clock operations, and complete equipment maintenance.
- Maintenance Contracts (AMC/CMC/ASC): Annual Maintenance Contracts (AMC), Annual Service Contracts (ASC), and Comprehensive Maintenance Contracts (CMC) providing preventive maintenance, breakdown maintenance, genuine parts, trained manpower, and guaranteed up-time for customer equipment.
- Parts & Battery Trading: Trading of genuine spare parts for material handling equipment and Amaron Brute Batteries. Parts offered at cost or discounted prices. Battery maintenance and trading services for electric material handling equipment.
- Storage Solutions: Sale and installation of storage racking solutions including selective pallet racking, shuttle systems, cantilever racking, heavy duty shelving, mezzanine floors, and other warehouse storage systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Equipment rental pricing varies by type and duration |
| Subscription | Multi-year contract | Maintenance contracts tailored to customer requirements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Seemax Resources product offering
Product offeringCore offering
Seemax Resources Limited is an authorized dealer of Hyundai Construction Equipment India Pvt. Ltd. for the Material Handling Equipment Division, selling and renting forklifts (diesel, LPG, electric), reach trucks, order pickers, stackers, pallet trucks, and warehouse storage racking systems. The company complements equipment sales with 24/7 rental services that include skilled operators and preventive maintenance, plus Annual Maintenance Contracts (AMC), Annual Service Contracts (ASC), and Comprehensive Maintenance Contracts (CMC). Through its subsidiary Seemax Automotive Solution Pvt. Ltd., it also distributes Amaron Brute Batteries for industrial material handling applications.
Product overview
Seemax Resources Limited is an authorized dealer of Hyundai Construction Equipment India Pvt. Ltd. (Material Handling Equipment Division) providing a comprehensive portfolio of material handling solutions. The company operates across four core areas: (1) Sales of Hyundai Material Handling Equipment including diesel forklifts, LPG forklifts, electric forklifts (3-wheel and 4-wheel), reach trucks, and order pickers; (2) Warehousing Equipment and Storage Racking Solutions including scissor lifts, dock levelers, pallet trucks, stackers, and various racking systems; (3) Amaron Brute Battery distribution through Seemax Automotive Solution Pvt. Ltd.; and (4) Equipment Rental Services offering hiring and rental of electric/battery forklifts, reach trucks, battery operated pallet trucks, and electric stackers with 24/7 operator and maintenance support. Additionally, the company provides maintenance service contracts (AMC/ASC/CMC) for ongoing equipment support.
Differentiator
Problem solved
Functional benefit
Brands
- Seemax Automotive Solution Pvt. Ltd. Separate business unit dealing with Amaron Brute Battery distribution - a product from Amararaja Batteries Ltd.
Products and services
- Hyundai Material Handling Equipment
Quantifiable outcome
- 100% customer retention since initial association
- +2 more outcomes
Companies that use Seemax Resources
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Seemax Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Seemax Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hyundai Construction Equipment India Pvt. Ltd. (Material Handling Equipment Division)coreSeemax Resources Limited is an Authorized Dealer/Channel Partner of Hyundai Construction Equipment India Pvt. Ltd. for the Material Handling Equipment Division. The company deals in sales of all types of Hyundai Material Handling Equipment, genuine spares, and servicing for the entire Gujarat region.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Seemax Resources competitors and assessment
Company assessmentBroad incumbents
- Jungheinrich AG: German global MHE and intralogistics provider spanning forklifts, racking, and warehouse automation. Comparable as a broad incumbent that globalizes the same product categories (forklifts, reach trucks, racking) that Seemax sells and rents in India.
- Godrej Material Handling: Indian material handling equipment brand under Godrej & Boyce offering forklifts, reach trucks, and storage solutions. Comparable as a domestic MHE incumbent whose equipment Seemax rents and competes with.
- Crown Equipment Corporation: US-headquartered global MHE manufacturer with a strong electric forklift and reach-truck portfolio. Comparable as one of the premium global MHE brands whose equipment Seemax rents to Indian customers.
- Escorts Kubota Limited: Indian listed manufacturer of tractors, construction equipment, and material handling solutions, partnering with Kubota. Comparable as a broad Indian equipment incumbent offering MHE/construction equipment to similar industrial customer verticals.
- Toyota Material Handling: Global leader in forklifts, reach trucks, and warehouse trucks. Seemax rents Toyota-branded equipment, making Toyota a brand peer through its branded assets reaching Indian customers.
- Mahindra Construction Equipment: Indian construction and earthmoving equipment business of the Mahindra Group. Comparable as a broad Indian equipment incumbent with adjacent MHE/construction equipment customer overlap in industrial end-markets.
Direct peers
- Sanghvi Movers Limited: India's largest crane and heavy equipment rental company, providing equipment with skilled operators to industrial customers. Comparable as an India-listed rental-led MHE/heavy equipment operator serving the same industrial verticals as Seemax.
- TIL Limited: Indian manufacturer and solutions provider of material handling equipment, cranes, and agri-logistics equipment. Highly comparable as a domestic MHE/industrial equipment provider with sales, rental, and service operations across India.
- Action Construction Equipment Ltd (ACE): Indian listed manufacturer of cranes, forklifts, and material handling equipment with growing rental operations. Directly comparable as an Indian MHE manufacturer-dealer offering sales, rental, and service to industrial customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Seemax Resources social profiles
Digital presenceSeemax Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Seemax Resources leadership team
Management profileNumber of profiles
Profiles6 records
Seemax Resources subsidiaries and ownership
Company hierarchySubsidiaries1 record
Seemax Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Seemax Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Seemax Resources
What does Seemax Resources do?
Seemax Resources Limited is an authorized dealer of Hyundai Construction Equipment India Pvt. Ltd. for the Material Handling Equipment Division, selling and renting forklifts (diesel, LPG, electric), reach trucks, order pickers, stackers, pallet trucks, and warehouse storage racking systems. The company complements equipment sales with 24/7 rental services that include skilled operators and preventive maintenance, plus Annual Maintenance Contracts (AMC), Annual Service Contracts (ASC), and Comprehensive Maintenance Contracts (CMC). Through its subsidiary Seemax Automotive Solution Pvt. Ltd., it also distributes Amaron Brute Batteries for industrial material handling applications.
Is Seemax Resources a public or private company?
Seemax Resources is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Seemax Resources founded?
Seemax Resources was founded in 2015. It employs 101 to 250 people.
Where is Seemax Resources based?
Seemax Resources is headquartered in Vadodara, India, in the Asia region.
How does Seemax Resources make money?
Five revenue lines are on record. Equipment Sales are the primary driver. The others are hiring & Rental Services, maintenance Contracts (AMC/CMC/ASC), parts & Battery Trading and storage Solutions.
Who are Seemax Resources's main competitors?
Broad incumbents on record are Jungheinrich AG, Godrej Material Handling, Crown Equipment Corporation, Escorts Kubota Limited, Toyota Material Handling and Mahindra Construction Equipment. Direct peers are Sanghvi Movers Limited, TIL Limited and Action Construction Equipment Ltd (ACE).
Does Seemax Resources have an API?
No public API is recorded for Seemax Resources.