About Ajcon Finance Limited
Data last updated:
Ajcon Finance Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ajcon Global Services Ltd. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 02 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65920MH1994PLC080780. Its GSTIN is 27AAACA9736C1ZT (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.24 Cr. It was formerly known as Ajcon Commodity Brokers Limited. It is led by directors including Ankit Ajmera Ashok and Ashok Kumar Ajmera.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 408 A – Wing Express Zone Cello – Sonal Realty Near Patels W.E. Highway Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.1 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹14.96 Lakh (net margin 13.6%) and EBITDA of ₹58.34 Lakh (EBITDA margin 52.9%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 5% over five years.
Court records list 12 cases involving the company, including 2 filed by the company and 10 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ajcononline.com.
Company details
CIN history
Ajcon Finance has one previous CIN (Corporate Identification Number): L65920MH1994PLC080780. The current CIN is U65920MH1994PLC080780, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65920MH1994PLC080780 | Current |
| L65920MH1994PLC080780 | Previous |
Contact details
Ajcon Finance Limited's registered office is in Mumbai, Maharashtra. Its website is ajcononline.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address408 A – Wing Express Zone Cello – Sonal Realty Near Patels W.E. Highway Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Ajcon Finance 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
Business activity
The main business activity of Ajcon Finance is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Ajcon Finance Limited, buy the company report.
Financials of Ajcon Finance Limited
FY 2025 filings availableAjcon Finance Limited reported revenue of ₹1.1 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 8% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹58.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.96 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.9% | ||||
| Net Profit Margin | 13.6% | ||||
| 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 Ajcon Finance Limited, buy the company report.
Board of directors of Ajcon Finance Limited
Ajcon Finance has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Ajmera Ashok Also directs: Ajcon Global Services Ltd, Ajcon Infra Projects Private Limited, Kanchanmanik Securities Private Limited and 5 more | Director | 20 Mar 2002 | 24 Years 7 Months | Current |
| Ashok Kumar Ajmera Also directs: Ajcon Global Services Ltd, Kanchanmanik Securities Private Limited, Ajcon Comtrade Private Limited and 5 more | Director | 02 Sep 1994 | 32 Years 1 Months | Current |
| Anuj Ajmera Ashok Also directs: Ajcon Global Services Ltd, Ajcon Infra Projects Private Limited, Kanchanmanik Securities Private Limited and 5 more | Director | 20 Mar 2002 | 24 Years 7 Months | Current |
Auditor
Ajcon Finance Limited is audited by Bhatter and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhatter and Company | FY 2023 | 131092W |
Shareholding
The shareholding of Ajcon Finance 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ajcon Finance Limited, buy the company report.
Legal cases
Ajcon Finance Limited has 12 court cases on record: 2 filed by Ajcon Finance, 10 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Arissan Energy Ltd. | Disposed |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Turnkey Infrastructures Private Ltd. | Disposed |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by M/S. Hanurang Projects Pvt. Ltd. | Disposed |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by M/S Gouri Merchandise Pvt Ltd. | Disposed |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by M/S Ganesh Vincom Pvt Ltd | Disposed |
To see the full case history of Ajcon Finance 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 Ajcon Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajcon Finance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA9736C1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajcon Finance Limited, buy the company report.
Recent activity
Ajcon Finance Limited has 5 board changes on record since 1994: 4 appointments and 1 cessation. The latest: Narayan Tulsiram Atal ceased to be Director on 25 Jun 2019.
News
Frequently asked questions
Ajcon Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 02 September 1994 (32+ years old) and is registered under CIN U65920MH1994PLC080780.
Ajcon Finance has 3 current directors:
- Ankit Ajmera Ashok - Director
- Ashok Kumar Ajmera - Director
- Anuj Ajmera Ashok - Director
The latest financial statements of Ajcon Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajcon Finance is 27AAACA9736C1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ajcon Finance is U65920MH1994PLC080780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajcon Finance has 12 court cases on record: 2 filed by the company and 10 filed against it.
Ajcon Finance was incorporated on 02 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Narayan Tulsiram Atal ceased to be Director on 25 Jun 2019. Narayan Tulsiram Atal was appointed as Director on 15 Oct 2009. Ankit Ajmera Ashok was appointed as Director on 20 Mar 2002. Ajcon Finance has 5 board changes on record in total.
Ajcon Finance can be reached through the website ajcononline.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ajcon Finance is at 408 A – Wing Express Zone Cello – Sonal Realty Near Patels W.E. Highway Goregaon East, Mumbai, Maharashtra, India – 400063.