Ashrit Holdings Limited
About Ashrit Holdings Limited
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Ashrit Holdings Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 12 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1992PLC066739. Its GSTIN is 27AAACA6083E1ZV (Maharashtra).
The company has an authorised share capital of ₹8.75 Cr and a paid-up capital of ₹43.39 Lakh. It was formerly known as Ashrit Holdings Private Limited. It is led by directors including Mudit Vinod Raniwala and Vinodkumar Ramawtar Gadodia.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.38 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹8.18 Cr (net margin 66.1%) and EBITDA of ₹9.5 Cr (EBITDA margin 76.8%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
Its group structure includes 1 subsidiary.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 10 deals on record (10 secondary share transfers); the latest was in December 2020. Its 8 peer companies in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 3 smaller; the largest is Origo Finance Private Limited with revenue of ₹12.44 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ashrit Holdings Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressTechnocraft House A – 25 Road No. 3, MIDC Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Ashrit Holdings 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 Ashrit Holdings is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ashrit Holdings Limited, buy the company report.
Financials of Ashrit Holdings Limited
FY 2025 filings availableAshrit Holdings Limited reported revenue of ₹12.38 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 17% fall in the latest year. EBITDA fell 17% 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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| EBITDA | ₹9.5 Cr | ||||
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| Net Profit (PAT) | ₹8.18 Cr | ||||
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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 | 76.8% | ||||
| Net Profit Margin | 66.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashrit Holdings Limited, buy the company report.
Board of directors of Ashrit Holdings Limited
Ashrit Holdings has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mudit Vinod Raniwala | Director | 30 Sep 2019 | 7 Years 1 Months | Current |
| Vinodkumar Ramawtar Gadodia Also directs: Technocraft Fashions Limited, Technocraft Textiles Limited, Technocraft Specialty Yarns Limited and 4 more | Director | 01 Jul 2003 | 23 Years 4 Months | Current |
| Navneet Kumar Saraf Also directs: Technocraft Industries (India) Limited, Technocraft Fashions Limited, Technocraft Textiles Limited and 5 more | Director | 11 Dec 1999 | 26 Years 10 Months | Current |
| Sudarshankumar Saraf Also directs: Technocraft Industries (India) Limited, Technocraft Specialty Yarns Limited, Technocraft Extrusions Private Limited and 5 more | Director | 13 Mar 1993 | 33 Years 7 Months | Current |
| Ashishkumar Saraf Also directs: Ashrit Infrastructure Developers LLP, Technocraft Industries (India) Limited, Confederation of Indian Textile Industry and 5 more | Director | 20 Dec 1999 | 26 Years 10 Months | Current |
Peer comparison
Ashrit Holdings Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Origo Finance Private Limited | ₹12.44 Cr (FY 2024) | -7.0% | New Delhi, Delhi, India | |||
| Vireet Investments Private Limited | ₹12.44 Cr (FY 2019) | -82.0% | New Delhi, Delhi, India | |||
| Integro Finserv Private Limited | ₹12.42 Cr (FY 2025) | 65.0% | Navi Mumbai, Maharashtra, India | |||
| Zerodha Capital Private Limited | ₹12.4 Cr (FY 2024) | 135.0% | Bangalore, Karnataka, India | |||
| Raghuvamsa Holdings Private Limited | ₹12.4 Cr (FY 2025) | 57.0% | 67 Chamibers Road, Madras-28, Tamil Nadu, India | |||
| Ashrit Holdings Limitedthis company | ₹12.38 Cr (FY 2025) | ₹8.18 Cr | 66.1% | -17.0% | Mumbai, Maharashtra, India | |
| Geopreneur Fincorp Private Limited | ₹12.37 Cr (FY 2018) | 13925.0% | Mumbai, Maharashtra, India | |||
| Supra Pacific Financial Services Limited | ₹12.36 Cr (FY 2023) | 95.0% | Mumbai, Maharashtra, India | |||
| Innovative Commercial Pvt Ltd | ₹12.34 Cr (FY 2021) | -10.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Ashrit Holdings Limited, buy the company report.
Auditor
Ashrit Holdings Limited is audited by M. L. Sharma & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. L. Sharma & Co. | FY 2023 | 109963W |
Shareholding
The shareholding of Ashrit Holdings Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashrit Holdings Limited, buy the company report.
Deals & funding
Ashrit Holdings Limited has 10 deals on record (10 secondary share transfers); the latest was in December 2020.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: Sudarshan Kumar Madhoprasad Saraf HUF Seller: an individual |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Seller: Technocraft Global Holdings Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Technocraft Global Holdings Limited |
To see the full deal history of Ashrit Holdings Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashrit Holdings Limited has 3 court cases on record: 2 filed by Ashrit Holdings, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax - 9 | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Ashrit Holdings 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 Ashrit Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ashrit Holdings has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Paithan Eco Foods Private Limited | U74999MH2016PTC281816 |
To see the full group structure of Ashrit Holdings Limited, buy the company report.
GST
Ashrit Holdings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA6083E1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashrit Holdings Limited, buy the company report.
Recent activity
Ashrit Holdings Limited has 11 board changes on record since 1993: 5 appointments and 6 cessations. The latest: Mudit Vinod Raniwala ceased to be Additional Director on 31 Dec 2020.
2 earlier events are in the company report.
Frequently asked questions
Ashrit Holdings is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 12 May 1992 (34+ years old) and is registered under CIN U67120MH1992PLC066739.
Ashrit Holdings has 5 current directors:
- Mudit Vinod Raniwala - Director
- Vinodkumar Ramawtar Gadodia - Director
- Navneet Kumar Saraf - Director
- Sudarshankumar Saraf - Director
- Ashishkumar Saraf - Director
The latest financial statements of Ashrit Holdings 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 Ashrit Holdings is 27AAACA6083E1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashrit Holdings is U67120MH1992PLC066739. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashrit Holdings has 3 court cases on record: 2 filed by the company and 1 filed against it.
Ashrit Holdings was incorporated on 12 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashrit Holdings has 10 deals on record (10 secondary share transfers); the latest was in December 2020.
The peers of Ashrit Holdings by revenue are Origo Finance Private Limited, Vireet Investments Private Limited, Integro Finserv Private Limited, Zerodha Capital Private Limited, Raghuvamsa Holdings Private Limited and 3 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), with the same principal business activity (other financial activities).
Mudit Vinod Raniwala ceased to be Additional Director on 31 Dec 2020. Mudit Vinod Raniwala was appointed as Director on 30 Sep 2019. Madhoprasad Dwarkadas Saraf ceased to be Director on 11 Dec 2014. Ashrit Holdings has 11 board changes on record in total.
The registered office of Ashrit Holdings is at Technocraft House A – 25 Road No. 3, MIDC Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400093.
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