About Akshay Furnitures Private Limited
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Akshay Furnitures Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 18 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36109KA2003PTC032113. Its GSTIN is 29AABCI1214Q1ZE (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It was formerly known as Ikian Furnitures Private Limited. It is led by directors Namrata Dugar (Managing Director) and Ramesh Kumar Dugar.
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 No.58/10 Kudlu Village Madiwala Post, Bengaluru, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.25 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹29.31 Lakh (net margin -239.3%) and EBITDA of -₹23.26 Lakh (EBITDA margin -189.9%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 60% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Akshay Furniture. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forzzafurniture.in.
Company details
Contact details
Akshay Furnitures Private Limited's registered office is in Bengaluru, Karnataka. Its website is forzzafurniture.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.58/10 Kudlu Village Madiwala Post, Bengaluru, Karnataka, India – 560068
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Akshay Furnitures 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
Brands
Akshay Furnitures operates one associated brand: Akshay Furniture. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A leading brand specializing in high-quality home furniture. | akshayfurniture.com |
Business activity
The main business activity of Akshay Furnitures is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
Financials of Akshay Furnitures Private Limited
FY 2025 filings availableAkshay Furnitures Private Limited reported revenue of ₹12.25 Lakh (down 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 98% fall in the latest year. EBITDA fell 120% 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 | -₹23.26 Lakh | ||||
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| Net Profit (PAT) | -₹29.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -189.9% | ||||
| Net Profit Margin | -239.3% | ||||
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To see the full financial statements and ratios of Akshay Furnitures Private Limited, buy the company report.
Board of directors of Akshay Furnitures Private Limited
Akshay Furnitures has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Namrata Dugar Also directs: H2o Resources Private Limited | Managing Director | 18 Jun 2003 | 23 Years 4 Months | Current |
| Ramesh Kumar Dugar Also directs: H2o Resources Private Limited, Sanra Furnitures Private Limited | Director | 01 Sep 2005 | 21 Years 2 Months | Current |
Auditor
Akshay Furnitures Private Limited is audited by P.K. Subramaniam & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.K. Subramaniam & Co | FY 2023 | 004135S |
Shareholding
The shareholding of Akshay Furnitures 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 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 Akshay Furnitures Private Limited, buy the company report.
Legal cases
Akshay Furnitures Private Limited has 4 court cases on record: 1 filed by Akshay Furnitures, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S DSV Air and Sea Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S DSV Air and Sea Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Akshay Furnitures 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 Akshay Furnitures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akshay Furnitures Private Limited has a workforce of 16 employees on its EPFO records as of Nov 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 16 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Akshay Furnitures Private Limited, buy the company report.
GST
Akshay Furnitures has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI1214Q1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akshay Furnitures Private Limited, buy the company report.
Recent activity
Akshay Furnitures Private Limited has 12 board changes on record since 2003: 7 appointments and 5 cessations. The latest: Krishna Gadiganna ceased to be Director on 25 May 2022.
3 earlier events are in the company report.
Frequently asked questions
Akshay Furnitures is an active private limited company based in Bengaluru, Karnataka, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 18 June 2003 (23+ years old) and is registered under CIN U36109KA2003PTC032113.
Akshay Furnitures has 2 current directors:
- Namrata Dugar - Managing Director
- Ramesh Kumar Dugar - Director
The latest financial statements of Akshay Furnitures 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 Akshay Furnitures is 29AABCI1214Q1ZE, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Akshay Furnitures is U36109KA2003PTC032113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshay Furnitures has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Akshay Furnitures was incorporated on 18 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Krishna Gadiganna ceased to be Director on 25 May 2022. Abhishek Dugar ceased to be Director on 15 Dec 2018. Sanjana Rai ceased to be Director on 15 Dec 2018. Akshay Furnitures has 12 board changes on record in total.
Akshay Furnitures can be reached through the website forzzafurniture.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Akshay Furnitures is at No.5810 Kudlu Village Madiwala Post, Bengaluru, Karnataka, India – 560068.
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