About Acil Limited
Data last updated:
Acil Limited was a public limited company based in Circus Avenue, West Bengal, 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 general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 15 April 1997.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U34300WB1997PLC273569. Its GSTIN is 06AACCA7535P2ZA (Haryana). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹16.9 Cr. It was formerly known as Amtek Crankshafts (India) Limited and Amtek Engine Components India Limited. It was led by directors including Chaitanya Jalan and Lalit Kumar Khetan.
Its last annual general meeting (AGM) was held on 30 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 9th Floor, 23 Circus Avenue, West Bengal, India – 700017.
As per the financials filed for FY 2024, the company reported a revenue of ₹57.63 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹37.88 Cr (net margin -65.7%) and EBITDA of ₹31.04 Cr (EBITDA margin 53.9%). Revenue has declined at a compounded annual rate (CAGR) of 12% over five years.
The company had about 93 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹3,851.82 Cr and satisfied charges of ₹4,159.72 Cr on record. Court records list 49 cases involving the company, including 7 filed by the company and 42 filed against it; 23 cases are pending. The company has 5 deals on record (3 funding rounds, 1 acquisition, 1 secondary share transfer), with disclosed funding of ₹197.83 Cr; the latest was in December 2023.
The last known website on record is acilltd.com.
Company details
Name history
Acil has undergone 5 name changes throughout its history. The current legal name is Acil Limited.
| Company Name | Status |
|---|---|
| Acil Limited | Current |
| Amtek Crankshafts (India) Limited | Previous |
| Amtek Engine Components India Limited | Previous |
| Amtek Siccardi (India) Ltd | Previous |
| Amtek Engine Components Limited | Previous |
| Amtek Crank Shaft (India) Limited | Previous |
CIN history
Acil has one previous CIN (Corporate Identification Number): U34300DL1997PLC086695. The current CIN is U34300WB1997PLC273569, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34300WB1997PLC273569 | Current |
| U34300DL1997PLC086695 | Previous |
Contact details
Acil Limited's registered office is in Circus Avenue, West Bengal.
- Registered Address9th Floor, 23 Circus Avenue, West Bengal, India – 700017
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
- 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 Acil is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Acil Limited, buy the company report.
Financials of Acil Limited
FY 2024 filings availableAcil Limited reported revenue of ₹57.63 Cr (down 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 11% fall 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 | ₹31.04 Cr | ||||
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| Net Profit (PAT) | -₹37.88 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 | 53.9% | ||||
| Net Profit Margin | -65.7% | ||||
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To see the full financial statements and ratios of Acil Limited, buy the company report.
Board of directors of Acil Limited
Acil has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chaitanya Jalan Also directs: Ramkrishna Forgings Ltd, Dove Airlines Pvt Ltd, Ramkrishna Titagarh Rail Wheels Limited and 5 more | Director | 19 Feb 2024 | 2 Years 8 Months | As last reported |
| Lalit Kumar Khetan Also directs: Ramkrishna Forgings Ltd, Ramkrishna Titagarh Rail Wheels Limited, Mal Metalliks Private Limited and 3 more | Director | 18 Feb 2024 | 2 Years 8 Months | As last reported |
| Naresh Jalan Also directs: Ramkrishna Forgings Ltd, Dove Airlines Pvt Ltd | Director | 19 Feb 2024 | 2 Years 8 Months | As last reported |
| Milesh Gandhi Also directs: Ramkrishna Forgings Ltd | Director | 19 Feb 2024 | 2 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2024 | 100931261 | Standard Chartered Bank | ₹65 Cr | Satisfied | |
| 19 Feb 2024 | 100880121 | Others | ₹21.82 Cr | Satisfied | |
| 25 Jul 2016 | 100064841 | Idbi Bank Limited | ₹1,690 Cr | Satisfied | |
| 22 Mar 2016 | 100035276 | Idbi Bank Limited | ₹117 Cr | Satisfied | |
| 21 Mar 2016 | 100042729 | Others | ₹52 Cr | Satisfied |
To see the full charge records of Acil Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Acil Limited has 5 deals on record (3 funding rounds, 1 acquisition, 1 secondary share transfer), with disclosed funding of ₹197.83 Cr; the latest was in December 2023.
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Acquisition | Undisclosed | Buyer: Ramkrishna Forgings Ltd |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Alliance Integrated Metaliks Limited , Primus Real Estates Private Limited , Laurel Investments Ltd Seller: Revent Precision Engineering Limited |
| Aug 2012 | Funding round | ₹150 Cr | Investors: Revent Precision Engineering Limited |
To see the full deal history of Acil 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
Acil Limited has 49 court cases on record: 7 filed by Acil, 42 filed against it. 23 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 27 | 27 | 16 |
| District courts | 20 | 14 | 7 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| District court, Gurugram, Haryana | Court case (CS37) | Filed against the company by M/S Peregrine Guarding Pvt. Ltd. | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Premier India Bearings Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Kotak Mahindra Bank Limited and 1 other | Disposed |
To see the full case history of Acil 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 Acil Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Acil has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCA7535P2ZA | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Acil Limited, buy the company report.
Recent activity
Acil Limited has 17 board changes on record since 2015: 4 appointments and 13 cessations. The latest: Chaitanya Jalan ceased to be Additional Director on 29 Aug 2024.
76 earlier events are in the company report.
Frequently asked questions
Acil 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.
Acil was a public limited company based in Circus Avenue, West Bengal, India. The company worked in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 15 April 1997 and is registered under CIN U34300WB1997PLC273569. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Acil was incorporated on 15 April 1997. It is registered with the Registrar of Companies, Kolkata.
Acil had 4 directors:
- Chaitanya Jalan - Director
- Lalit Kumar Khetan - Director
- Naresh Jalan - Director
- Milesh Gandhi - Director
The CIN (Corporate Identification Number) of Acil is U34300WB1997PLC273569. 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 Acil is at 9th Floor, 23 Circus Avenue, West Bengal, India – 700017.
Acil can be reached through the website acilltd.com. Its registered office is in Circus Avenue, West Bengal, India.
The latest financial statements of Acil on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Acil is 06AACCA7535P2ZA, registered in Haryana. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Acil operated in the electrical industry, in the general purpose and special purpose machinery and equipment segment.