Aastik Trading Private Limited
About Aastik Trading Private Limited
Data last updated:
Aastik Trading Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 18 May 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51103MH2015PTC264607. Its GSTIN is 27AANCA9821H2ZB (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Arun Nandlal Agrawal (Irp/Rp/Liquidator) and Rahul Shankar Gaikwad.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Gala No 3 Sarvoday Bhavan 37 Ramchandra Lane Plot No 36 Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2018, the company reported a revenue of ₹99.56 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹23.35 Lakh (net margin 0.2%) and EBITDA of ₹31.82 Lakh (EBITDA margin 0.3%).
Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in December 2016. Its 10 peer companies in the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 5 smaller; the largest is Chesa Dental Care Services Limited with revenue of ₹99.82 Cr.
Company details
Contact details
Aastik Trading Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGala No 3 Sarvoday Bhavan 37 Ramchandra Lane Plot No 36 Malad West, Mumbai, Maharashtra, India – 400064
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Aastik Trading 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 Aastik Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Aastik Trading Private Limited, buy the company report.
Financials of Aastik Trading Private Limited
FY 2018 filings availableAastik Trading Private Limited reported revenue of ₹99.56 Cr (down 50% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year. EBITDA rose 79% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹99.56 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹31.82 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹23.35 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 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.3% | ||
| Net Profit Margin | 0.2% | ||
| 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 Aastik Trading Private Limited, buy the company report.
Board of directors of Aastik Trading Private Limited
Aastik Trading has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Nandlal Agrawal | Irp/Rp/Liquidator | 28 Mar 2024 | 2 Years 6 Months | As last reported |
| Bhadresh Popatlal Shah Also directs: Rasberry Entertainment LLP, Shiom Enterprise LLP, Taicun Watches Private Limited and 1 more | Additional Director | 01 Apr 2016 | 10 Years 6 Months | As last reported |
| Rahul Shankar Gaikwad Also directs: Rasberry Entertainment LLP, Maplewood Trading Private Limited | Director | 13 Mar 2020 | 6 Years 7 Months | As last reported |
Peer comparison
Aastik Trading Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chesa Dental Care Services Limited | ₹99.82 Cr (FY 2022) | 25.0% | Thane, Maharashtra, India | |||
| Lark Vanijya Private Limited | ₹99.76 Cr (FY 2025) | 90.0% | Kolkata, West Bengal, India | |||
| Manindra Metal Suppliers Private Limited | ₹99.76 Cr (FY 2024) | 90.0% | Kolkata, West Bengal, India | |||
| Digital Waves International Private Limited | ₹99.7 Cr (FY 2024) | 15.0% | Bangalore, Karnataka, India | |||
| Samwha India Refractories Private Limited | ₹99.66 Cr (FY 2025) | 1.0% | Rourkela, Odisha, India | |||
| Aastik Trading Private Limitedthis company | ₹99.56 Cr (FY 2018) | ₹23.35 Lakh | 0.2% | -50.0% | Mumbai, Maharashtra, India | |
| All Arch India Private Limited | ₹99.56 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Anand Petrochem Private Limited | ₹99.54 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India | |||
| Shree Sawariya Foods Private Limited | ₹99.51 Cr (FY 2025) | 17.0% | Nagpur, Maharashtra, India | |||
| Ariston Agency Private Limited | ₹99.5 Cr (FY 2022) | 10.0% | Chennai, Tamil Nadu, India | |||
| Outokumpu India Private Limited | ₹99.5 Cr (FY 2025) | 11.0% | Delhi, India |
To see the full peer comparison of Aastik Trading Private Limited, buy the company report.
Auditor
Aastik Trading Private Limited is audited by NIRANJAN S KARMARKAR & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRANJAN S KARMARKAR & ASSOCIATES | FY 2018 | 126236W |
Shareholding
The shareholding of Aastik Trading Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aastik Trading Private Limited, buy the company report.
Deals & funding
Aastik Trading Private Limited has 2 deals on record (2 secondary share transfers); the latest was in December 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aastik Trading Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Idfc First Bank Ltd Through Anket More | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by JSK Marketing Limited and Anr and 1 other | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Union of India Represented by the Secretary Ministry of Finance, Jeevan Deep Building ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Aastik Trading 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 Aastik Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aastik Trading has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA9821H2ZB | Maharashtra | Active | 26 Aug 2020 |
To see the full GST registrations and return filing status of Aastik Trading Private Limited, buy the company report.
Recent activity
Aastik Trading Private Limited has 16 board changes on record since 2015: 3 appointments and 13 cessations. The latest: Arun Nandlal Agrawal was appointed as Irp/Rp/Liquidator on 28 Mar 2024.
7 earlier events are in the company report.
Frequently asked questions
Aastik Trading is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Aastik Trading is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in other wholesale, within the trading industry. It was incorporated on 18 May 2015 and is registered under CIN U51103MH2015PTC264607. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aastik Trading has 3 current directors:
- Bhadresh Popatlal Shah - Additional Director
- Rahul Shankar Gaikwad - Director
- Arun Nandlal Agrawal - Irp/Rp/Liquidator
The latest financial statements of Aastik Trading on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Aastik Trading is U51103MH2015PTC264607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aastik Trading has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the district courts.
Aastik Trading was incorporated on 18 May 2015. It is registered with the Registrar of Companies, Mumbai.
Aastik Trading has 2 deals on record (2 secondary share transfers); the latest was in December 2016.
The peers of Aastik Trading by revenue are Chesa Dental Care Services Limited, Lark Vanijya Private Limited, Manindra Metal Suppliers Private Limited, Digital Waves International Private Limited, Samwha India Refractories Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Arun Nandlal Agrawal was appointed as Irp/Rp/Liquidator on 28 Mar 2024. Anand Sanjay Mathur ceased to be Additional Director on 04 Aug 2020. Rahul Shankar Gaikwad was appointed as Director on 13 Mar 2020. Aastik Trading has 16 board changes on record in total.
The registered office of Aastik Trading is at Gala No 3 Sarvoday Bhavan 37 Ramchandra Lane Plot No 36 Malad West, Mumbai, Maharashtra, India – 400064.