DPIIT recognised startup Government of India
Startup India
Asha Recyclean India Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.16 Lakh
▼ 99% YoY
Net loss · FY 2025
₹22.89 Lakh
Latest filing
EBITDA · FY 2025
-₹10.66 Lakh
EBITDA margin -494.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Asha Recyclean India Private Limited
Data last updated:
Asha Recyclean India Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 28 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U37200MH2020PTC348954. Its GSTIN is 24AAUCA2923P1Z5 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vinod Vishwanath Podaar and Kunal Jagdish Thalia.
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 Govind Bhuvan Block 17 Opp. Chincholi Maruti Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.16 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹22.89 Lakh and EBITDA of -₹10.66 Lakh (EBITDA margin -494.1%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
The company is associated with 1 brand: Asharecyclean. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Asha Recyclean India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0033036). For more details, the company can be reached via its website asharecyclean.com.
Company details
CIN U37200MH2020PTC348954
Registration Number 348954
Incorporation Date 28 October 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0033036
Recognitions & Rankings of Asha Recyclean India
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0033036
Contact details
Asha Recyclean India Private Limited's registered office is in Mumbai, Maharashtra. Its website is asharecyclean.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGovind Bhuvan Block 17 Opp. Chincholi Maruti Malad West, Mumbai, Maharashtra, India – 400064
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Asha Recyclean India Private Limited, buy the company report.
Comprehensive company report
Asha Recyclean India Private Limited - one report that includes everything
- 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
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Brands
Asha Recyclean India operates one associated brand: Asharecyclean. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| asharecyclean.com |
Business activity
The main business activity of Asha Recyclean India is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Asha Recyclean India Private Limited, buy the company report.
Financials of Asha Recyclean India Private Limited
FY 2025 filings availableAsha Recyclean India Private Limited reported revenue of ₹2.16 Lakh (down 99% YoY) for FY 2025.
Revenue · FY 2025
₹2.16 Lakh ▼ 99%
Net loss · FY 2025
₹22.89 Lakh
EBITDA · FY 2025
-₹10.66 Lakh margin -494.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 70%
EBITDA CAGR growth
1 year
▲ 77%
3 years · compounded
▲ 51%
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 99% fall in the latest year. EBITDA rose 77% 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 |
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| Total Expenses | |||||
| EBITDA | -₹10.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.89 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -494.1% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Asha Recyclean India Private Limited, buy the company report.
Board of directors of Asha Recyclean India Private Limited
Asha Recyclean India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Jagdish Thalia | Additional Director | 29 Dec 2023 | 2 Years 10 Months | Current |
| Vinod Vishwanath Podaar Also directs: Vav Logistics LLP, Shakti Plastics Recycling Private Limited, Technova Recycling India Private Limited and 1 more | Director | 28 Oct 2020 | 6 Years 0 Months | Current |
Auditor
Asha Recyclean India Private Limited is audited by SHANKARLAL JAIN & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANKARLAL JAIN & ASSOCIATES LLP | FY 2022 | 109901W/W100082 |
Shareholding
The shareholding of Asha Recyclean India Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Asha Recyclean India Private Limited, buy the company report.
Legal cases
Asha Recyclean India Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Optima Machinery LLP Authorzed Signatory Mr. Pinal Patel | Pending |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Optima Machinery LLP Authorzed Signatory Mr. Pinal Patel | Disposed |
To see the full case history of Asha Recyclean India 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 Asha Recyclean India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asha Recyclean India Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Asha Recyclean India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCA2923P1Z5 | Gujarat | Active | 18 Dec 2020 |
To see the full GST registrations and return filing status of Asha Recyclean India Private Limited, buy the company report.
Recent activity
Asha Recyclean India Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Kunal Jagdish Thalia was appointed as Additional Director on 29 Dec 2023.
AGM
Asha Recyclean India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Asha Recyclean India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Kunal Jagdish Thalia was appointed as Additional Director.
Ceased
Rahul Vinod Podaar ceased to be Director.
Ceased
Neha Dayakishan Goel ceased to be Director.
Ceased
Dayakishan Ramniwas Goel ceased to be Director.
Appointed
Vinod Vishwanath Podaar was appointed as Director.
Incorporation
28 Oct 2020
Asha Recyclean India Private Limited was registered on 28 Oct 2020 with Roc Mumbai I & aged 6 years 11 days as per MCA records.
Frequently asked questions
Asha Recyclean India is an active private limited company based in Mumbai, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 28 October 2020 (6+ years old) and is registered under CIN U37200MH2020PTC348954.
Asha Recyclean India has 2 current directors:
- Kunal Jagdish Thalia - Additional Director
- Vinod Vishwanath Podaar - Director
The latest financial statements of Asha Recyclean India 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 FY 2021 are in the company report.
The GSTIN of Asha Recyclean India is 24AAUCA2923P1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Asha Recyclean India is U37200MH2020PTC348954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asha Recyclean India has 2 court cases on record: 2 filed against it. 1 is pending.
Asha Recyclean India was incorporated on 28 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Kunal Jagdish Thalia was appointed as Additional Director on 29 Dec 2023. Rahul Vinod Podaar ceased to be Director on 29 Dec 2023. Neha Dayakishan Goel ceased to be Director on 11 Aug 2023. Asha Recyclean India has 5 board changes on record in total.
Yes, Asha Recyclean India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Asha Recyclean India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0033036).
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