Aashirwad Industries Private Limited
About Aashirwad Industries Private Limited
Data last updated:
Aashirwad Industries Private Limited was a private limited company based in Nagpur, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cement and cement products segment of the manufacturing sector. It was incorporated on 13 June 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U26940MH2012PTC232135. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.7 Cr. It was led by directors Karan Rahul Tupe and Rahul Ramdas Tupe.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Plot No. C – 231 MIDC Butibori Tahsil Higna, Nagpur, Maharashtra, India – 441122.
As per the financials filed for FY 2017, the company reported a revenue of ₹14.63 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net loss of ₹5.15 Cr (net margin -35.2%) and EBITDA of -₹3.14 Cr (EBITDA margin -21.5%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
As per MCA filings, the company had satisfied charges of ₹30 Cr on record.
Company details
Contact details
Aashirwad Industries Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. C – 231 MIDC Butibori Tahsil Higna, Nagpur, Maharashtra, India – 441122
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Aashirwad 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 Aashirwad Industries Private Limited
FY 2017 filings availableAashirwad Industries Private Limited reported revenue of ₹14.63 Cr (up 31% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 31% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 10%. 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹14.63 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.14 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.15 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -21.5% | ||
| Net Profit Margin | -35.2% | ||
| 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 Aashirwad Industries Private Limited, buy the company report.
Board of directors of Aashirwad Industries Private Limited
Aashirwad Industries has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Rahul Tupe Also directs: Aashirwad Industries Private Limited, R. R. Tupe Builders Private Limited, Aashirwad Industries and Roofings LLP and 1 more | Director | 01 Aug 2016 | 10 Years 2 Months | As last reported |
| Rahul Ramdas Tupe | Director | 01 Apr 2016 | 10 Years 6 Months | As last reported |
Auditor
Aashirwad Industries Private Limited is audited by R G MUNDADA AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R G MUNDADA AND CO | FY 2017 | 106685W |
Shareholding
The shareholding of Aashirwad Industries Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aashirwad Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2012 | 10391473 | State Bank of India | ₹13.2 Cr | Satisfied | |
| 17 Nov 2012 | 10391471 | State Bank of India | ₹16.8 Cr | Satisfied |
To see the full charge records of Aashirwad Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Aashirwad Industries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Aashirwad Industries Private Limited was last rated by Crisil on 16 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Sep 2020 |
To see the full credit ratings and regulatory alerts of Aashirwad Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aashirwad Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aashirwad Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aashirwad Industries Private Limited, buy the company report.
Recent activity
Aashirwad Industries Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Karan Rahul Tupe was appointed as Director on 01 Aug 2016.
1 earlier event is in the company report.
Frequently asked questions
Aashirwad Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Aashirwad Industries was a private limited company based in Nagpur, Maharashtra, India. The company worked in cement and cement products, within the manufacturing industry. It was incorporated on 13 June 2012 and is registered under CIN U26940MH2012PTC232135. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aashirwad Industries was incorporated on 13 June 2012. It is registered with the Registrar of Companies, Mumbai.
Aashirwad Industries had 2 directors:
- Karan Rahul Tupe - Director
- Rahul Ramdas Tupe - Director
The CIN (Corporate Identification Number) of Aashirwad Industries is U26940MH2012PTC232135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Aashirwad Industries is at Plot No. C – 231 MIDC Butibori Tahsil Higna, Nagpur, Maharashtra, India – 441122.
The latest financial statements of Aashirwad Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Aashirwad Industries has 2 GST registrations on record and all of them are cancelled or inactive.
Aashirwad Industries operated in the manufacturing industry, in the cement and cement products segment.
Karan Rahul Tupe was appointed as Director on 01 Aug 2016. Leena Rahul Tupe ceased to be Director on 01 Aug 2016. Sanjay Puranmal Agrawal ceased to be Director on 28 Apr 2016. Aashirwad Industries has 5 board changes on record in total.