Aashi Connect Private Limited
About Aashi Connect Private Limited
Data last updated:
Aashi Connect Private Limited is a private limited company based in Katni, Madhya Pradesh, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 04 May 2022.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2022PTC060712. Its GSTIN is 23AAWCA9395B1ZA (Madhya Pradesh).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Priya Jaiswal and Ashish Jaiswal.
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 C/O Ashish Jaiswal Jhanda Bazar Kheir Mai Ke Pas Raghunath Ganj Ward Katni, Madhya Pradesh, India – 483501.
As per the financials filed for FY 2025, the company reported a revenue of ₹576.1 Cr. For the same year it recorded a net profit of ₹35.62 Lakh (net margin 0.1%) and EBITDA of -₹2.73 Cr (EBITDA margin -0.5%).
As per MCA filings, the company has open charges of ₹3.49 Cr on record.
Company details
Contact details
Aashi Connect Private Limited's registered office is in Katni, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressC/O Ashish Jaiswal Jhanda Bazar Kheir Mai Ke Pas Raghunath Ganj Ward Katni, Madhya Pradesh, India – 483501
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Aashi Connect 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 Aashi Connect is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Aashi Connect Private Limited, buy the company report.
Financials of Aashi Connect Private Limited
FY 2025 filings availableAashi Connect Private Limited reported revenue of ₹576.1 Cr for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹576.1 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.73 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹35.62 Lakh | ||
| 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.5% | ||
| Net Profit Margin | 0.1% | ||
| 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 Aashi Connect Private Limited, buy the company report.
Board of directors of Aashi Connect Private Limited
Aashi Connect has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priya Jaiswal | Director | 20 Apr 2026 | 0 Years 6 Months | Current |
| Ashish Jaiswal Also directs: Erech Trade Api LLP | Director | 04 May 2022 | 4 Years 5 Months | Current |
| Sanyam Viralbhai Shah | Director | 19 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Aashi Connect Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| My Pay Store Private Limited | ₹658.92 Cr (FY 2025) | 125.0% | Gondal, Gujarat, India | |||
| Better World Technology Private Limited | ₹604.88 Cr (FY 2025) | -33.0% | Mumbai, Maharashtra, India | |||
| Aashi Connect Private Limitedthis company | ₹576.1 Cr (FY 2025) | ₹35.62 Lakh | 0.1% | Katni, Madhya Pradesh, India | ||
| Mindsarray Network Private Limited | ₹555.1 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Juspay Technologies Private Limited | ₹539.52 Cr (FY 2025) | 55.0% | Bengaluru, Karnataka, India | |||
| TFC Digital Private Limited | ₹514.34 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aashi Connect Private Limited, buy the company report.
Auditor
Aashi Connect Private Limited is audited by ARUN KUMAR GUPTA & co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARUN KUMAR GUPTA & co. | FY 2025 | 032561C |
Shareholding
The shareholding of Aashi Connect Private Limited is on record for 2 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aashi Connect Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2022 | 100619198 | Others | ₹3.49 Cr | Open |
To see the full charge records of Aashi Connect Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Aashi Connect Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aashi Connect Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aashi Connect Private Limited has 1 active EPFO establishment as of Jan 03, 2026.
GST
Aashi Connect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAWCA9395B1ZA | Madhya Pradesh | Active | 29 May 2022 |
To see the full GST registrations and return filing status of Aashi Connect Private Limited, buy the company report.
Recent activity
Aashi Connect Private Limited has 3 board changes on record since 2022: 3 appointments. The latest: Priya Jaiswal was appointed as Director on 20 Apr 2026.
Frequently asked questions
Aashi Connect is an active private limited company based in Katni, Madhya Pradesh, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 04 May 2022 (4+ years old) and is registered under CIN U74999MP2022PTC060712.
Aashi Connect has 3 current directors:
- Priya Jaiswal - Director
- Ashish Jaiswal - Director
- Sanyam Viralbhai Shah - Director
The latest financial statements of Aashi Connect 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 2023 are in the company report.
The GSTIN of Aashi Connect is 23AAWCA9395B1ZA, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Aashi Connect is U74999MP2022PTC060712. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aashi Connect was incorporated on 04 May 2022, making it 4+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Aashi Connect by revenue are My Pay Store Private Limited, Better World Technology Private Limited, Mindsarray Network Private Limited, Juspay Technologies Private Limited, TFC Digital Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities).
Priya Jaiswal was appointed as Director on 20 Apr 2026. Sanyam Viralbhai Shah was appointed as Director on 19 Nov 2025. Ashish Jaiswal was appointed as Director on 04 May 2022.
The registered office of Aashi Connect is at CO Ashish Jaiswal Jhanda Bazar Kheir Mai Ke Pas Raghunath Ganj Ward Katni, Madhya Pradesh, India – 483501.
Aashi Connect operates in the financial services industry, in the digital payment solutions segment.
Aashi Connect has open charges of ₹3.49 Cr and no satisfied charges on record as per latest MCA filings.