About Aakash Equities Private Limited
Data last updated:
Aakash Equities Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Aakash Universal Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 21 March 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65900MH1995PTC086630.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹66 Lakh. It was formerly known as Aaress Mercantile Private Limited. It was led by directors including Santosh Ram Jajodia and Aditi Jajodia.
Its last annual general meeting (AGM) was held on 18 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹24,216, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3,219 (net margin 13.3%) and EBITDA of ₹4,302 (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 14% over five years.
Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 4 cases are pending.
The last known website on record is aakashuniversal.com.
Company details
CIN history
Aakash Equities has one previous CIN (Corporate Identification Number): U51909MH1995PTC086630. The current CIN is U65900MH1995PTC086630, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65900MH1995PTC086630 | Current |
| U51909MH1995PTC086630 | Previous |
Contact details
Aakash Equities Private Limited's registered office is in Mumbai, Maharashtra. Its website is aakashuniversal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAakash Marble House Service Road Near Laxmi Narayan Temple Vile Parle (E, ), Mumbai, Maharashtra, India – 400099
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Aakash Equities Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Aakash Equities Private Limited
FY 2023 filings availableAakash Equities Private Limited reported revenue of ₹24,216 (up 2109% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years. EBITDA fell 97% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹24,216 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4,302 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3,219 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.8% | ||||
| Net Profit Margin | 13.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Aakash Equities Private Limited, buy the company report.
Board of directors of Aakash Equities Private Limited
Aakash Equities has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Ram Jajodia Also directs: Aakash Global Buildmate Private Limited, Aakaash Dhanista Infrastructure Private Limited, Aakash Ashish Realtors Limited and 5 more | Director | 21 Mar 1995 | 31 Years 7 Months | As last reported |
| Aditi Jajodia Also directs: Aakash Global Buildmate Private Limited, Akassh Aventis Private Limited, Jajodia Properties Private Limited and 5 more | Director | 13 Mar 2018 | 8 Years 7 Months | As last reported |
| Aakash Ramawatar Jajodia | Director | 13 Mar 2018 | 8 Years 7 Months | As last reported |
| Shrawan Kumar Babulal Jajodia | Director | 20 Jun 2012 | 14 Years 4 Months | As last reported |
Auditor
Aakash Equities Private Limited is audited by JMMK & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JMMK & Co. | FY 2023 | 120459W |
Shareholding
The shareholding of Aakash Equities Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aakash Equities Private Limited, buy the company report.
Legal cases
Aakash Equities Private Limited has 6 court cases on record: 2 filed by Aakash Equities, 4 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 4 | 4 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Aaress Real Estate Pvt. Ltd | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Aakash Equities Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakash Equities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Aakash Equities Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aakash Equities Private Limited has 8 board changes on record since 1995: 4 appointments and 4 cessations. The latest: Ramawatar Babulal Jajodia ceased to be Director on 21 Nov 2019.
Frequently asked questions
Aakash Equities has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Aakash Equities was a private limited company based in Mumbai, Maharashtra, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 21 March 1995 and is registered under CIN U65900MH1995PTC086630. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aakash Equities was incorporated on 21 March 1995. It is registered with the Registrar of Companies, Mumbai.
Aakash Equities had 4 directors:
- Santosh Ram Jajodia - Director
- Aditi Jajodia - Director
- Aakash Ramawatar Jajodia - Director
- Shrawan Kumar Babulal Jajodia - Director
The CIN (Corporate Identification Number) of Aakash Equities is U65900MH1995PTC086630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Aakash Equities is at Aakash Marble House Service Road Near Laxmi Narayan Temple Vile Parle E, , Mumbai, Maharashtra, India – 400099.
Aakash Equities can be reached through the website aakashuniversal.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Aakash Equities on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 18 September 2023. Year-wise statements from 2015 are in the company report.
Aakash Equities operated in the financial services industry, in the brokerage and trading services segment.
Aakash Equities has 6 court cases on record: 2 filed by the company and 4 filed against it. 4 are pending. Most are in the nclat.