MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-11-0034244
Axletech India Private Limited - business services in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹115.44 Cr
▲ 14% YoY
Net profit · FY 2025
₹3.83 Cr
Net margin 3.3%
EBITDA · FY 2025
₹8.73 Cr
EBITDA margin 7.6%
Authorised capital
₹2.55 Cr
Registered with MCA
Paid-up capital
₹14.7 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
18
Provident fund records
Directors on board
2
As per MCA filings
About Axletech India Private Limited
Data last updated:
Axletech India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Meritor Industrial Acquisition Holdings, Llc. It operates in the business support services segment of the business services sector. It was incorporated on 05 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2011FTC228291. Its GSTIN is 27AAECG4831C1ZX (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2.55 Cr and a paid-up capital of ₹14.7 Lakh. It was formerly known as General Dynamics Corporation India Private Limited. It is led by directors Voji Almeda and Hitesh Dang.
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 Unit 225 – Vardhman Bahnhof Plaza Pocket – 7, Plot No – 10 Sector – 12 Dwarka, New Delhi, Delhi, India – 110078.
As per the financials filed for FY 2025, the company reported a revenue of ₹115.44 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹3.83 Cr (net margin 3.3%) and EBITDA of ₹8.73 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 32% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Meritor and AxleTech. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 4 cases are pending. The company has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹45.27 Cr; the latest was in October 2021.
Axletech India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-11-0034244). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axletech.com.
Company details
CIN U74140DL2011FTC228291
Registration Number 228291
Incorporation Date 05 December 2011
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Meritor Industrial Acquisition Holdings, Llc
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-11-0034244
Key People
Voji Almeda Director Hitesh Dang Director Recognitions & Rankings of Axletech India
Contact details
Axletech India Private Limited's registered office is in New Delhi, Delhi. Its website is axletech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit 225 – Vardhman Bahnhof Plaza Pocket – 7, Plot No – 10 Sector – 12 Dwarka, New Delhi, Delhi, India – 110078
- IndustryBusiness Services, Business Support Services
To see the full contact details of Axletech India Private Limited, buy the company report.
Comprehensive company report
Axletech 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
Axletech India operates two associated brands: Meritor and AxleTech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transmission and braking components are manufactured for commercial vehicles. | meritor.com | |
| Axle components, brakes, and aftermarket parts are manufactured and supplied. | axletech.com |
Business activity
The main business activities of Axletech India are manufacturing and support service to organizations. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Axletech India Private Limited, buy the company report.
Financials of Axletech India Private Limited
FY 2024 filings availableAxletech India Private Limited reported revenue of ₹115.44 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹115.44 Cr ▲ 14%
Net profit · FY 2025
₹3.83 Cr margin 3.3%
EBITDA · FY 2025
₹8.73 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 69%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 93%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 14% growth in the latest year. EBITDA fell 33% 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 | ₹8.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.83 Cr | ||||
| Balance Sheet | |||||
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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 | 7.6% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Axletech India Private Limited, buy the company report.
Board of directors of Axletech India Private Limited
Axletech India has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Voji Almeda | Director | 15 Jun 2020 | 6 Years 4 Months | Current |
| Hitesh Dang | Director | 18 Dec 2024 | 1 Years 10 Months | Current |
Auditor
Axletech India Private Limited is audited by DKV & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DKV & Associates | FY 2023 | 128192W |
Shareholding
The shareholding of Axletech India 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 Axletech India Private Limited, buy the company report.
Deals & funding
Axletech India Private Limited has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹45.27 Cr; the latest was in October 2021.
Total deals
8
Rights issues
5
Secondary share transfers
2
Funding round
1
Disclosed funding
₹45.27 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Funding round | ₹45.27 Cr | Investors: Meritor Heavy Vehicle Systems Cameri Spa |
| Jan 2018 | Rights issue | ₹6.34 Cr | Investors: Meritor Industrial Acquisition Holdings Llc |
| Jun 2017 | Rights issue | ₹7.59 Cr | Investors: Meritor Industrial Acquisition Holdings Llc |
| Aug 2016 | Rights issue | ₹5.99 Cr | Investors: Meritor Industrial Acquisition Holdings Llc |
| Apr 2016 | Rights issue | ₹4.58 Cr | Investors: Meritor Industrial Acquisition Holdings Llc |
To see the full deal history of Axletech India Private 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
Axletech India Private Limited has 6 court cases on record: 5 filed by Axletech India, 1 filed against it. 4 cases are pending and 2 are disposed.
Total cases
6
Filed by the company
5
Filed against the company
1
Pending
4
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishnagiri, Tamil Nadu | Civil suit | Filed by the company against individuals | Pending |
| District court, Krishnagiri, Tamil Nadu | Civil suit | Filed by the company against Narayanan TM Proprietor of M/S.Lakshmi Narasimma Enterprises and 18 others | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Bhaskar Enterprises | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Bhaskar Enterprises | Disposed |
To see the full case history of Axletech 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 Axletech India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Axletech India Private Limited has a workforce of 18 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
Employee count
18
Active EPFO establishments
2
Employee growth
38.46%
GST
Axletech India has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECG4831C1ZX | Maharashtra | Active | 01 Jul 2017 |
| 29AAECG4831C1ZT | Karnataka | Active | 04 Jun 2019 |
| 33AAECG4831C1Z4 | Tamil Nadu | Active | 19 Jan 2022 |
To see the full GST registrations and return filing status of Axletech India Private Limited, buy the company report.
Recent activity
Axletech India Private Limited has 24 board changes on record since 2012: 2 appointments and 22 cessations. The latest: Hitesh Dang was appointed as Director on 18 Dec 2024.
Appointed
Hitesh Dang was appointed as Director.
AGM
Axletech India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Hitesh Dang ceased to be Additional Director.
Filing
Axletech India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Kishan Kumar Udupi ceased to be Additional Director.
Ceased
Matthew Steven Wolfe ceased to be Director.
Ceased
Muthukumar Narayanaswamy ceased to be Additional Director.
Ceased
Voji Almeda ceased to be Additional Director.
Ceased
Amit Verma ceased to be Director.
Appointed
Voji Almeda was appointed as Director.
Ceased
Durga Prasad Akhnoor ceased to be Director.
Ceased
Thimmaiah Napanda Poovaiah ceased to be Additional Director.
15 earlier events are in the company report.
Frequently asked questions
Axletech India is an active foreign private limited company based in New Delhi, Delhi, India. The company works in business support services, within the business services industry. It was incorporated on 05 December 2011 (15+ years old) and is registered under CIN U74140DL2011FTC228291.
Axletech India has 2 current directors:
- Voji Almeda - Director
- Hitesh Dang - Director
The latest financial statements of Axletech India 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 Axletech India is 27AAECG4831C1ZX, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAECG4831C1ZT (Karnataka), 33AAECG4831C1Z4 (Tamil Nadu).
The CIN (Corporate Identification Number) of Axletech India is U74140DL2011FTC228291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axletech India has 6 court cases on record: 5 filed by the company and 1 filed against it. 4 are pending. Most are in the district courts.
Axletech India was incorporated on 05 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Axletech India has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹45.27 Cr; the latest was in October 2021.
Hitesh Dang was appointed as Director on 18 Dec 2024. Hitesh Dang ceased to be Additional Director on 30 Sep 2024. Kishan Kumar Udupi ceased to be Additional Director on 30 Sep 2022. Axletech India has 24 board changes on record in total.
Yes, Axletech India is registered as an MSME under Udyam registration (number: UDYAM-TN-11-0034244).
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