Aashay Industries Private Limited
About Aashay Industries Private Limited
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Aashay Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 07 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1993PTC074380. Its GSTIN is 27AADCA2313A1ZJ (Maharashtra). 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 ₹1 Lakh. It was formerly known as Aashay Diamond Private Limited. It is led by directors including Neelam Manish Mehta and Hitesh Vijaykumar Mehta.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 11/1 M I D Croad No 21 Marol Ind Area Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.6 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹3.37 Cr (net margin 73.3%) and EBITDA of ₹4.43 Cr (EBITDA margin 96.3%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹796.38 Cr and satisfied charges of ₹7.8 Cr on record. Court records list 18 cases involving the company, including 2 filed by the company and 16 filed against it; 17 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Aashay Industries has one previous CIN (Corporate Identification Number): U36912MH1993PTC074380. The current CIN is U70100MH1993PTC074380, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1993PTC074380 | Current |
| U36912MH1993PTC074380 | Previous |
Contact details
Aashay Industries Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 11/1 M I D Croad No 21 Marol Ind Area Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Aashay Industries 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
Financials of Aashay Industries Private Limited
FY 2024 filings availableAashay Industries Private Limited reported revenue of ₹4.6 Cr (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 13% 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 | ₹4.43 Cr | ||||
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| Net Profit (PAT) | ₹3.37 Cr | ||||
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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 | 96.3% | ||||
| Net Profit Margin | 73.3% | ||||
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To see the full financial statements and ratios of Aashay Industries Private Limited, buy the company report.
Board of directors of Aashay Industries Private Limited
Aashay Industries has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neelam Manish Mehta Also directs: Jeweltouch (India) LLP, Foundation for Vital Healing | Director | 04 Nov 1993 | 32 Years 11 Months | Current |
| Hitesh Vijaykumar Mehta | Director | 04 Nov 1993 | 32 Years 11 Months | Current |
| Manish Vijaykumar Mehta | Director | 04 Nov 1993 | 32 Years 11 Months | Current |
| Daksha Hitesh Mehta Also directs: Jeweltouch (India) LLP, Foundation for Vital Healing | Director | 07 Oct 1993 | 33 Years 0 Months | Current |
Auditor
Aashay Industries Private Limited is audited by V.A.PARIKH & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.A.PARIKH & ASSOCIATES LLP | FY 2023 | 121674 |
Shareholding
The shareholding of Aashay Industries 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 Aashay Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2022 | 100586062 | Others | ₹72.06 Cr | Open | |
| 31 May 2022 | 100584145 | Others | ₹9.32 Cr | Open | |
| 09 Apr 2012 | 10352030 | Indusind Bank Ltd. | ₹90 Cr | Open | |
| 12 Aug 2009 | 10174481 | Others | ₹625 Cr | Open | |
| 06 Feb 2008 | 10091238 | Axis Bank Limited | ₹4.5 Cr | Satisfied |
To see the full charge records of Aashay Industries Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Aashay Industries Private Limited has 18 court cases on record: 2 filed by Aashay Industries, 16 filed against it. 17 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 16 | 17 |
Cases on record (4 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Sony Music Entertainment India Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Sony Muisic Entertainment India Pvt. Ltd. | Pending |
| Bombay High Court | Court case (NMCD) | Filed by the company against Imaginarium (India) Pvt Ltd and 2 others | Pending |
| Bombay High Court | Court case (COMIP) | Filed by the company against Imaginarium (India) Pvt Ltd and 2 others | Disposed |
To see the full case history of Aashay Industries 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 Aashay Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aashay Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA2313A1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aashay Industries Private Limited, buy the company report.
Recent activity
Aashay Industries Private Limited has 4 board changes on record since 1993: 4 appointments. The latest: Hitesh Vijaykumar Mehta was appointed as Director on 04 Nov 1993.
17 earlier events are in the company report.
Frequently asked questions
Aashay Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 07 October 1993 (33+ years old) and is registered under CIN U70100MH1993PTC074380.
Aashay Industries has 4 current directors:
- Neelam Manish Mehta - Director
- Hitesh Vijaykumar Mehta - Director
- Manish Vijaykumar Mehta - Director
- Daksha Hitesh Mehta - Director
The latest financial statements of Aashay Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Aashay Industries is 27AADCA2313A1ZJ, registered in Maharashtra. 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 Aashay Industries is U70100MH1993PTC074380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aashay Industries has 18 court cases on record: 2 filed by the company and 16 filed against it. 17 are pending.
Aashay Industries was incorporated on 07 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Hitesh Vijaykumar Mehta was appointed as Director on 04 Nov 1993. Manish Vijaykumar Mehta was appointed as Director on 04 Nov 1993. Neelam Manish Mehta was appointed as Director on 04 Nov 1993. Aashay Industries has 4 board changes on record in total.
The registered office of Aashay Industries is at Plot No 111 M I D Croad No 21 Marol Ind Area Andheri East, Mumbai, Maharashtra, India – 400093.
Aashay Industries operates in the financial services industry, in the diversified financial services segment.