About Ascendas Panvel FTWZ Private Limited
Data last updated:
Ascendas Panvel FTWZ Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Ascendas Property Fund (India) Pte Ltd. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 10 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2010PTC199940. Its GSTIN is 27AAICA2250K1ZP (Maharashtra).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹7.05 Cr. It was formerly known as Arshiya Rail Siding and Infrastructure Limited and Ascendas Panvel Ftwz Limited. It is led by directors including Rohith Bhandary and Ravi Hassan Basappa.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.34 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹32.07 Cr (net margin -46.9%) and EBITDA of ₹34.73 Cr (EBITDA margin 50.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 3 cases are pending. The company has 5 deals on record (2 debt financings, 1 funding round, 1 rights issue), with disclosed funding of ₹505.2 Cr; the latest was in June 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website arshiyalimited.com.
Company details
Name history
Ascendas Panvel FTWZ has undergone 2 name changes throughout its history. The company was previously known as Arshiya Rail Siding And Infrastructure Limited, and Ascendas Panvel Ftwz Limited. The current legal name is Ascendas Panvel Ftwz Private Limited.
| Company Name | Status |
|---|---|
| Ascendas Panvel FTWZ Private Limited | Current |
| Arshiya Rail Siding And Infrastructure Limited | Previous |
| Ascendas Panvel Ftwz Limited | Previous |
CIN history
Ascendas Panvel FTWZ has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93000MH2010PTC199940, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000MH2010PTC199940 | Current |
| U74990MH2010PLC199940 | Previous |
| U93000MH2010PLC199940 | Previous |
Contact details
Ascendas Panvel FTWZ Private Limited's registered office is in Thane, Maharashtra. Its website is arshiyalimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. Kalwa K – 14/2 15 37, Ttc Industrial Area MIDC, Thane, Maharashtra, India – 400708
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Ascendas Panvel FTWZ 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 Ascendas Panvel FTWZ is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Ascendas Panvel FTWZ Private Limited, buy the company report.
Financials of Ascendas Panvel FTWZ Private Limited
FY 2024 filings availableAscendas Panvel FTWZ Private Limited reported revenue of ₹68.34 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 65% 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 | ₹34.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹32.07 Cr | ||||
| 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 | 50.8% | ||||
| Net Profit Margin | -46.9% | ||||
| 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 Ascendas Panvel FTWZ Private Limited, buy the company report.
Board of directors of Ascendas Panvel FTWZ Private Limited
Ascendas Panvel FTWZ has 4 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohith Bhandary Also directs: Avance Technohub Private Limited, Ascendas IT Park (Pune) Private Limited, Nalanda Shelter Private Limited and 5 more | Director | 11 Sep 2020 | 6 Years 2 Months | Current |
| Ravi Hassan Basappa | Director | 17 Jul 2025 | 1 Years 3 Months | Current |
| Mylam Sukumar Also directs: Anomalous Infra Private Limited, Precision FTWZ Services Private Limited, Ascendas IT Park (Hadapsar) Private Limited and 1 more | Director | 17 Jul 2025 | 1 Years 3 Months | Current |
| Kumar Anish Singh Also directs: Anomalous Infra Private Limited | Director | 17 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Ascendas Panvel FTWZ Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2023 | 117366W/W100018 |
Shareholding
The shareholding of Ascendas Panvel FTWZ 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 Ascendas Panvel FTWZ Private Limited, buy the company report.
Deals & funding
Ascendas Panvel FTWZ Private Limited has 5 deals on record (2 debt financings, 1 funding round, 1 rights issue), with disclosed funding of ₹505.2 Cr; the latest was in June 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Debt financing | ₹29.2 Cr | Investors: Ascendas Property Fund (FDI) Pte Ltd |
| May 2019 | Rights issue | ₹20 Cr | Investors: Ascendas Property Fund (India) Pte Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Ascendas Property Fund (India) Pte Limited Seller: Ncr Rail Infrastructure Limited & Joyce Collaco, Ncr Rail Infrastructure Limited & Navin Saraf, Ncr Rail Infrastructure Limited & Navnit Choudhary |
| Feb 2018 | Funding round | ₹50 Cr | Investors: Ascendas Property Fund (India) Pte Limited |
| Feb 2018 | Debt financing | ₹426 Cr | Investors: Ascendas Property Fund (FDI) Pte Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ascendas Panvel FTWZ Private Limited has 4 court cases on record: 1 filed by Ascendas Panvel FTWZ, 3 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
| District courts | 1 | 0 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARBP) | Filed against the company by Arshiya Logistics Services Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Arshiya Lifestyle Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Commitee of Creditors of Arshiya Limited | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed by the company against individuals | Pending |
To see the full case history of Ascendas Panvel FTWZ 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 Ascendas Panvel FTWZ Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascendas Panvel FTWZ has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA2250K1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascendas Panvel FTWZ Private Limited, buy the company report.
Recent activity
Ascendas Panvel FTWZ Private Limited has 29 board changes on record since 2012: 4 appointments and 25 cessations. The latest: Kumar Anish Singh ceased to be Additional Director on 29 Sep 2025.
20 earlier events are in the company report.
News
Frequently asked questions
Ascendas Panvel FTWZ is an active private limited company based in Thane, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 10 February 2010 (16+ years old) and is registered under CIN U93000MH2010PTC199940.
Ascendas Panvel FTWZ has 4 current directors:
- Rohith Bhandary - Director
- Ravi Hassan Basappa - Director
- Mylam Sukumar - Director
- Kumar Anish Singh - Director
The latest financial statements of Ascendas Panvel FTWZ on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascendas Panvel FTWZ is 27AAICA2250K1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ascendas Panvel FTWZ is U93000MH2010PTC199940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascendas Panvel FTWZ has 4 court cases on record: 1 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Ascendas Panvel FTWZ was incorporated on 10 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Ascendas Panvel FTWZ has 5 deals on record (2 debt financings, 1 funding round, 1 rights issue), with disclosed funding of ₹505.2 Cr; the latest was in June 2019.
Kumar Anish Singh ceased to be Additional Director on 29 Sep 2025. Mylam Sukumar ceased to be Additional Director on 29 Sep 2025. Ravi Hassan Basappa ceased to be Additional Director on 29 Sep 2025. Ascendas Panvel FTWZ has 29 board changes on record in total.
Ascendas Panvel FTWZ can be reached through the website arshiyalimited.com. Its registered office is in Thane, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
