MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-17-0011765
Aczet Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹55.38 Cr
Latest filing
Net profit · FY 2023
₹6.42 Cr
Net margin 11.6%
EBITDA · FY 2023
₹5.33 Cr
EBITDA margin 9.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹15.24 Lakh
Issued & subscribed
Open charges
₹11.52 Cr
Satisfied ₹26.55 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
156
Provident fund records
About Aczet Private Limited
Data last updated:
Aczet Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33129MH2000PTC126134. Its GSTIN is 27AABCC3800G1Z5 (Maharashtra). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹15.24 Lakh. It was formerly known as Citizen Scale (India) Private Limited. It is led by directors including Viral Chandrakant Shah and Sanjay Chandrakant Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.15 Unit No. E02 Cep Zone MIDC Marol Opp. Speez Andheri(E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2023, the company reported a revenue of ₹55.38 Cr. For the same year it recorded a net profit of ₹6.42 Cr (net margin 11.6%) and EBITDA of ₹5.33 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 7% over five years.
The company has about 156 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.52 Cr and satisfied charges of ₹26.55 Cr on record. Court records list 26 cases involving the company, including 17 filed by the company and 9 filed against it; 13 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹91.1 Lakh; the latest was in October 2021. The company has 2 MSME Form 1 returns on record between 2021 and 2024, listing 39 overdue payments to 25 micro and small suppliers.
Aczet Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0011765). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aczet.in.
Company details
CIN U33129MH2000PTC126134
Registration Number 126134
Incorporation Date 25 April 2000
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-17-0011765
Key People
Viral Chandrakant Shah Director Sanjay Chandrakant Shah Director Hemal Chandrakant Shah Additional Director Recognitions & Rankings of Aczet
Contact details
Aczet Private Limited's registered office is in Mumbai, Maharashtra. Its website is aczet.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.15 Unit No. E02 Cep Zone MIDC Marol Opp. Speez Andheri(E), Mumbai, Maharashtra, India – 400093
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
To see the full contact details of Aczet Private Limited, buy the company report.
Comprehensive company report
Aczet Private Limited - one report that includes everything
- 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
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Financials of Aczet Private Limited
FY 2024 filings availableAczet Private Limited reported revenue of ₹55.38 Cr for FY 2023.
Revenue · FY 2023
₹55.38 Cr
Net profit · FY 2023
₹6.42 Cr margin 11.6%
EBITDA · FY 2023
₹5.33 Cr margin 9.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 14%
5 years · compounded
▲ 7%
EBITDA CAGR growth
3 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹55.38 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.42 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | ||||
| Net Profit Margin | 11.6% | ||||
| 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 Aczet Private Limited, buy the company report.
Board of directors of Aczet Private Limited
Aczet has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viral Chandrakant Shah Also directs: Hiya Realty LLP | Director | 03 Dec 2021 | 4 Years 10 Months | Current |
| Sanjay Chandrakant Shah | Director | 01 Aug 2014 | 12 Years 2 Months | Current |
| Hemal Chandrakant Shah | Additional Director | 12 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Aczet Private Limited is audited by MEHTA KOTHARI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA KOTHARI & CO. | FY 2023 | 106248W |
Shareholding
The shareholding of Aczet 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 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aczet Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.52 Cr
Satisfied charges
₹26.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2024 | 100977876 | Others | ₹75 Lakh | Open | |
| 06 Apr 2023 | 100727082 | Others | ₹6.81 Lakh | Open | |
| 12 Jan 2016 | 10612562 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 24 Nov 2015 | 10603634 | Icici Bank Limited | ₹70 Lakh | Open | |
| 05 Feb 2013 | 10407146 | Development Credit Bank Limited | ₹8.75 Cr | Satisfied |
To see the full charge records of Aczet Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Aczet Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹91.1 Lakh; the latest was in October 2021.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹91.1 Lakh
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Viral C Shah Huf Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Sanjay C Shah Huf, Hemal C Shah Huf, Chandrakant Shah HUF Seller: Pentium Hi-Tech Private Limited , Hingora Finvest Private Limited, Virtue Infrastructures Private Limited , an individual |
| Oct 2007 | Funding round | ₹91.1 Lakh | Investors: Virtue Infrastructures Private Limited , Hingora Finvest Private Limited, Macro Soft Technology Private Limited |
| Aug 2006 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Kayvalya Traders Private Limited, Skokie Traders Private Limited. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aczet Private Limited has 26 court cases on record: 17 filed by Aczet, 9 filed against it. 13 cases are pending and 13 are disposed.
Total cases
26
Filed by the company
17
Filed against the company
9
Pending
13
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 5 | 6 |
| District courts | 11 | 3 | 6 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Ashlyn Chemunnoor Instruments Private Limited and 1 other | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Ashlyn Chemunnoor Instruments Private Limited and 1 other | Pending |
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed against the company by The New India Assurance Co. Ltd. 1St Floor, New India Assurance Building, M.G. Road Fort ,Mumbai , Maharashtra | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Ashlyn Chemunnoor Instruments Private Limited and 1 other | Disposed |
| District court, Shahdara, Delhi | Commercial suit | Filed by the company against Akgem Impex Private Limited | Disposed |
To see the full case history of Aczet 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
Aczet Private Limited has 2 MSME Form 1 returns on record between 2021 and 2024, listing 39 overdue payments to 25 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Madhu Subtronic Components Private Limited | |||
| an individual supplier | |||
| Avenstra Engineering Solutions LLP | |||
| Rishabh Corporation | |||
| an individual supplier |
To see the full MSME payment records of Aczet Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aczet Private Limited has a workforce of 156 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
156
Active EPFO establishments
1
Employee growth
4%
GST
Aczet has 10 GST registrations: 4 active and 6 cancelled or inactive.
Total GSTINs
10
Active
4
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC3800G1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCC3800G2Z4 | Maharashtra | Active | 28 Feb 2025 |
| 07AABCC3800G1Z7 | Delhi | Active | 01 Jul 2017 |
| 19AABCC3800G1Z2 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aczet Private Limited, buy the company report.
Recent activity
Aczet Private Limited has 7 board changes on record since 2014: 3 appointments and 4 cessations. The latest: Hemal Chandrakant Shah was appointed as Additional Director on 12 Nov 2024.
AGM
Aczet Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Hemal Chandrakant Shah was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100977876 was registered on 12 Sep 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 1,000.00 Lakh registered on 12 Jan 2016 with Charge ID 10612562 was modified on 04 Apr 2024.
Filing
Aczet Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 6.81 Lakh with Charge ID 100727082 was registered on 06 Apr 2023.
Ceased
Tushar Rajnikant Shah ceased to be Director.
Appointed
Viral Chandrakant Shah was appointed as Director.
Ceased
Sanjay Chandrakant Shah ceased to be Director.
Ceased
Chandrakant Vanmalidas Shah ceased to be Director.
Charges
A charge registered on 05 Feb 2013 via Charge ID 10407146 with Development Credit Bank Limited was fully satisfied on 29 Aug 2016.
Charges
A charge registered on 02 Dec 2011 via Charge ID 10323306 with Development Credit Bank Limited was fully satisfied on 29 Aug 2016.
16 earlier events are in the company report.
Frequently asked questions
Aczet is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 25 April 2000 (26+ years old) and is registered under CIN U33129MH2000PTC126134.
Aczet has 3 current directors:
- Viral Chandrakant Shah - Director
- Sanjay Chandrakant Shah - Director
- Hemal Chandrakant Shah - Additional Director
The latest financial statements of Aczet on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aczet is 27AABCC3800G1Z5, registered in Maharashtra. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 27AABCC3800G2Z4 (Maharashtra), 07AABCC3800G1Z7 (Delhi), 19AABCC3800G1Z2 (West Bengal).
The CIN (Corporate Identification Number) of Aczet is U33129MH2000PTC126134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aczet has 26 court cases on record: 17 filed by the company and 9 filed against it. 13 are pending. Most are in the high courts.
Aczet was incorporated on 25 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Aczet has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹91.1 Lakh; the latest was in October 2021.
Hemal Chandrakant Shah was appointed as Additional Director on 12 Nov 2024. Tushar Rajnikant Shah ceased to be Director on 03 Dec 2021. Viral Chandrakant Shah was appointed as Director on 03 Dec 2021. Aczet has 7 board changes on record in total.
Yes, Aczet is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0011765).
Aczet has 2 MSME Form 1 returns on record between 2021 and 2024, listing 39 overdue payments to 25 micro and small suppliers. The latest return was filed on 26 Apr 2024.