About Akolite Industrial Systems Private Limited
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Akolite Industrial Systems Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 12 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U20297KA2015PTC078223. Its GSTIN is 29AAOCA8934G1Z5 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Abdul Razak Tanirbavi Ebrahim (Managing Director) and Mohammad Rafiq (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 412 & 413 Baikampady Industrial Area, Mangalore, Karnataka, India – 575011.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.29 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹5.79 Lakh (net margin 0.7%) and EBITDA of ₹25.53 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years and 33% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akolite.com.
Company details
Contact details
Akolite Industrial Systems Private Limited's registered office is in Mangalore, Karnataka. Its website is akolite.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 412 & 413 Baikampady Industrial Area, Mangalore, Karnataka, India – 575011
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Akolite Industrial Systems 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
Business activity
The main business activity of Akolite Industrial Systems is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Akolite Industrial Systems Private Limited, buy the company report.
Financials of Akolite Industrial Systems Private Limited
FY 2025 filings availableAkolite Industrial Systems Private Limited reported revenue of ₹8.29 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 33%. EBITDA fell 27% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹25.53 Lakh | ||||
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| Net Profit (PAT) | ₹5.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Akolite Industrial Systems Private Limited, buy the company report.
Board of directors of Akolite Industrial Systems Private Limited
Akolite Industrial Systems has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Razak Tanirbavi Ebrahim Also directs: Akolite Synthetic Resins Private Limited, Akolite Resins Private Limited, TGF Industries Private Limited and 3 more | Managing Director | 12 Jan 2015 | 11 Years 9 Months | Current |
| Mohammad Rafiq Also directs: Akolite Synthetic Resins Private Limited | Whole-Time Director | 12 Jan 2015 | 11 Years 9 Months | Current |
| Ahamed Saleem Mahamood Haji | Whole-Time Director | 12 Jan 2015 | 11 Years 9 Months | Current |
Peer comparison
Akolite Industrial Systems Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gumtree Plywood India Private Limited | ₹8.4 Cr (FY 2025) | 14.0% | Jagadhri, Haryana, India | |||
| Akolite Industrial Systems Private Limitedthis company | ₹8.29 Cr (FY 2024) | ₹5.79 Lakh | 0.7% | -7.0% | 22 | Mangalore, Karnataka, India |
| Goldwood Ply & Boards Private Limited | ₹8.23 Cr (FY 2025) | -14.0% | Jagadhri, Haryana, India | |||
| Bareilly Plywood Industries Private Limited | ₹8.17 Cr (FY 2025) | -23.0% | Rudrapur, Uttarakhand, India | |||
| Jaima Timber and Shuttering Private Limited | ₹8.15 Cr (FY 2024) | -2.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Akolite Industrial Systems Private Limited, buy the company report.
Auditor
Akolite Industrial Systems Private Limited is audited by KAMATH & RAU for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMATH & RAU | FY 2021 | 001689S |
Shareholding
The shareholding of Akolite Industrial Systems Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akolite Industrial Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akolite Industrial Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akolite Industrial Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akolite Industrial Systems Private Limited has a workforce of 22 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Akolite Industrial Systems has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA8934G1Z5 | Karnataka | Active | 01 Jul 2017 |
| 24AAOCA8934G1ZF | Gujarat | Active | 11 Jan 2021 |
To see the full GST registrations and return filing status of Akolite Industrial Systems Private Limited, buy the company report.
Recent activity
Akolite Industrial Systems Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Asiya Mariam Faria ceased to be Director on 21 Nov 2020.
Frequently asked questions
Akolite Industrial Systems is an active private limited company based in Mangalore, Karnataka, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 12 January 2015 (11+ years old) and is registered under CIN U20297KA2015PTC078223.
Akolite Industrial Systems has 3 current directors:
- Abdul Razak Tanirbavi Ebrahim - Managing Director
- Mohammad Rafiq - Whole-Time Director
- Ahamed Saleem Mahamood Haji - Whole-Time Director
The latest financial statements of Akolite Industrial Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Akolite Industrial Systems is 29AAOCA8934G1Z5, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAOCA8934G1ZF (Gujarat).
The CIN (Corporate Identification Number) of Akolite Industrial Systems is U20297KA2015PTC078223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akolite Industrial Systems was incorporated on 12 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Akolite Industrial Systems by revenue are Gumtree Plywood India Private Limited, Goldwood Ply & Boards Private Limited, Bareilly Plywood Industries Private Limited, Jaima Timber and Shuttering Private Limited, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Asiya Mariam Faria ceased to be Director on 21 Nov 2020. Hafsa Abdul Razak ceased to be Director on 21 Nov 2020. Mohammed Ahmed ceased to be Director on 21 Nov 2020. Akolite Industrial Systems has 9 board changes on record in total.
Akolite Industrial Systems can be reached through the website akolite.com. Its registered office is in Mangalore, Karnataka, India.
The registered office of Akolite Industrial Systems is at Plot No. 412 & 413 Baikampady Industrial Area, Mangalore, Karnataka, India – 575011.
Akolite Industrial Systems operates in the manufacturing industry, in the wood products and mdf segment.
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