About Advanced Composites Private Limited
Data last updated:
Advanced Composites Private Limited is a private limited company based in Bicholim, Goa, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 03 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U26101GA1988PTC000826. Its GSTIN is 30AABCA7552P1ZK (Goa).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Sayes Ram Mundhe and Shalini Sayes Mundhe.
Its last annual general meeting (AGM) was held on 26 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No 77/78 89/90 Bicholim Industrial Estate Bicholim, Goa, India – 403504.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.65 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹3.13 Lakh (net margin 1.2%) and EBITDA of ₹19.99 Lakh (EBITDA margin 7.5%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 16% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.11 Cr and satisfied charges of ₹15.42 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acplgoa.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No 77/78 89/90 Bicholim Industrial Estate Bicholim, Goa, India – 403504
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Advanced Composites Private Limited
The main business activity of Advanced Composites is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Advanced Composites Private Limited FY 2023 filings available
Advanced Composites Private Limited reported revenue of ₹2.65 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Advanced Composites Private Limited
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 26% 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 of Advanced Composites Private Limited
| 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 | ₹2.65 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹19.99 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.13 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 of Advanced Composites Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Advanced Composites are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Advanced Composites Private Limited
Advanced Composites Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Baid Rotomoulders Private Limited. (Part IX) | ₹2.67 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Jaipur, Rajasthan, India |
| Precyz Polymers Private Limited | ₹2.66 Cr (FY 2023) | •••• | •••• | 31.0% | •••• | Chennai, Tamil Nadu, India |
| Expovision T&M Private Limited | ₹2.65 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Dot Plastic Industries Pvt.Ltd. | ₹2.65 Cr (FY 2018) | •••• | •••• | -23.0% | •••• | Thane, Maharashtra, India |
| Yash Plastiwood Private Limited | ₹2.65 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Indore, Madhya Pradesh, India |
| Advanced Composites Private Limited this company | ₹2.65 Cr (FY 2023) | •••• | •••• | 9.0% | •••• | Bicholim, Goa, India |
| Saudhaj Plastics Private Limited | ₹2.65 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Nashik, Maharashtra, India |
| Crown Alba Private Limited | ₹2.64 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Radhika Organics Private Limited | ₹2.63 Cr (FY 2021) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Atika Reinforced Plastic Products Private Limited | ₹2.63 Cr (FY 2024) | •••• | •••• | 2012.0% | •••• | Rajkot, Gujarat, India |
| Casilon Polymers Private Limited | ₹2.63 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Advanced Composites by revenue in the Manufacturing industry (Plastic Based Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Advanced Composites Private Limited
Advanced Composites Private Limited is audited by MILIND SANGORAM & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MILIND SANGORAM & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Advanced Composites Private Limited
Advanced Composites 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 |
|---|---|---|---|---|
| Sayes Ram Mundhe | Director | 24 Oct 2023 | 2 Years 11 Months | Current |
| Shalini Sayes Mundhe | Director | 24 Oct 2023 | 2 Years 11 Months | Current |
Ownership and Shareholding of Advanced Composites Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Advanced Composites Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2010 | Bank of India | ₹2.11 Cr | Open |
| 19 Jun 2012 | Bank of India | ₹8.8 Lakh | Satisfied |
| 12 Apr 2006 | Bank of India | ₹4.86 Cr | Satisfied |
| 20 Aug 2003 | Bank of India | ₹5 Lakh | Satisfied |
| 26 Nov 2002 | Edc Ltd | ₹60 Lakh | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Advanced Composites Private Limited
Advanced Composites Private Limited has 3 court cases on record: 3 filed by Advanced Composites. All cases are disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Civil suit | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Civil suit | Filed by the company against an individual | Disposed |
| District court, North Goa, Goa | Original application | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Advanced Composites Private Limited
Advanced Composites Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 1,084 overdue payments to 85 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 85)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tanmay Enterprises | •••• | •••• | •••• |
| Siddhi Combines | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Advanced Composites Private Limited
Advanced Composites Private Limited has a workforce of 40 employees as of Oct 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Advanced Composites Private Limited
Advanced Composites Private Limited has 8 board changes on record since 1988: 5 appointments and 3 cessations. The latest: Mohan Srinivasan Iyer ceased to be Managing Director on 07 Nov 2023.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Advanced Composites Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Advanced Composites Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Advanced Composites Private Limited
Advanced Composites has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCA7552P1ZK | Goa | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Advanced Composites Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Advanced Composites Private Limited
Advanced Composites is an active private limited company based in Bicholim, Goa, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 03 June 1988 (38+ years old) and is registered under CIN U26101GA1988PTC000826.
Advanced Composites reported revenue of ₹2.65 Cr for FY 2023 (up 9% YoY).
Advanced Composites has 2 current directors:
- Sayes Ram Mundhe - Director
- Shalini Sayes Mundhe - Director
Advanced Composites reported a net profit of ₹3.13 Lakh (net margin 1.2%) and EBITDA of ₹19.99 Lakh (EBITDA margin 7.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Advanced Composites is -27% over three years and -16% over five years. In the latest year (FY 2023) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Advanced Composites is 30AABCA7552P1ZK, registered in Goa.
The CIN (Corporate Identification Number) of Advanced Composites is U26101GA1988PTC000826. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advanced Composites has 3 court cases on record: 3 filed by the company.
Advanced Composites was incorporated on 03 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Advanced Composites by revenue are Baid Rotomoulders Private Limited. (Part IX), Precyz Polymers Private Limited, Expovision T&M Private Limited, Dot Plastic Industries Pvt.Ltd, Yash Plastiwood Private Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).
Mohan Srinivasan Iyer ceased to be Managing Director on 07 Nov 2023. Prasad Venkatraman ceased to be Director on 07 Nov 2023. Sayes Ram Mundhe was appointed as Director on 24 Oct 2023. Advanced Composites has 8 board changes on record in total.
Advanced Composites has 14 MSME Form 1 returns on record between 2019 and 2023, listing 1,084 overdue payments to 85 micro and small suppliers. The latest return was filed on 29 Aug 2023.