MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0004854
Advanced Sys-Tek Limited - automobile in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹309.06 Cr
▲ 20% YoY
Net profit · FY 2026
₹36.73 Cr
Net margin 11.9%
EBITDA · FY 2026
₹50.2 Cr
EBITDA margin 16.2%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹19.23 Cr
Issued & subscribed
Open charges
₹210 Cr
Satisfied ₹742.6 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
160
Provident fund records
About Advanced Sys-Tek Limited
Data last updated:
Advanced Sys-Tek Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the machinery repair and installation or automotive services segment of the automobiles sector. It was incorporated on 16 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33112GJ1988PLC010464.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹19.23 Cr. It was formerly known as Advanced Spectra-Tek Private Limited and Daniel Measurement and Control (India) Private Limited. It is led by directors including Shirish Madhukar Adi (Managing Director) and Mukesh Rajnikant Kapadia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 299/300 G I D C Makarpura B/H Novino Battery, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2026, the company reported a revenue of ₹309.06 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹36.73 Cr (net margin 11.9%) and EBITDA of ₹50.2 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
The company has about 160 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Advanced Systek. As per MCA filings, the company has open charges of ₹210 Cr and satisfied charges of ₹742.6 Cr on record. Court records list 24 cases involving the company, including 11 filed by the company and 13 filed against it; 1 case is pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹118 Cr; the latest was in March 2024. The company has 6 MSME Form 1 returns on record between 2019 and 2020, listing 470 overdue payments to 30 micro and small suppliers.
Advanced Sys-Tek Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0004854). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advancedsystek.com.
Company details
CIN U33112GJ1988PLC010464
Registration Number 010464
Incorporation Date 16 March 1988
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 June 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0004854
Name history
Advanced Sys-Tek has undergone 3 name changes throughout its history. The company was previously known as Advanced Spectra-Tek Private Limited, Daniel Measurement And Control (India) Private Limited, and Advanced Sys-Tek Limited. The current legal name is Advanced Sys-Tek Limited.
| Company Name | Status |
|---|---|
| Advanced Sys-Tek Limited | Current |
| Advanced Spectra-Tek Private Limited | Previous |
| Daniel Measurement And Control (India) Private Limited | Previous |
CIN history
Advanced Sys-Tek has one previous CIN (Corporate Identification Number): U33112GJ1988PTC010464. The current CIN is U33112GJ1988PLC010464, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33112GJ1988PLC010464 | Current |
| U33112GJ1988PTC010464 | Previous |
Key People
Shirish Madhukar Adi Managing Director Mukesh Rajnikant Kapadia Whole-Time Director Umed Amarchand Fifadra Whole-Time Director Recognitions & Rankings of Advanced Sys-Tek
Contact details
Advanced Sys-Tek Limited's registered office is in Vadodara, Gujarat. Its website is advancedsystek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address299/300 G I D C Makarpura B/H Novino Battery, Vadodara, Gujarat, India – 390010
- IndustryAutomobile, Machinery Repair & Installation Or Automotive Services
To see the full contact details of Advanced Sys-Tek Limited, buy the company report.
Comprehensive company report
Advanced Sys-Tek 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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Brands
Advanced Sys-Tek operates one associated brand: Advanced Systek. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Advanced Sys-tek Pvt. Ltd. | Home | advancedsystek.com |
Business activity
The main business activities of Advanced Sys-Tek are manufacturing, trade and support service to organizations. In detail, this covers repair and installation of machinery and equipment, retail trading and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 33 | Repair and installation of machinery and equipment | |
| G | Trade | G2 | Retail Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Advanced Sys-Tek Limited, buy the company report.
Financials of Advanced Sys-Tek Limited
FY 2026 filings availableAdvanced Sys-Tek Limited reported revenue of ₹309.06 Cr (up 20% YoY) for FY 2026.
Revenue · FY 2026
₹309.06 Cr ▲ 20%
Net profit · FY 2026
₹36.73 Cr margin 11.9%
EBITDA · FY 2026
₹50.2 Cr margin 16.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 44%
Revenue has grown at a compounded annual rate (CAGR) of 30% over three years, including 20% growth in the latest year. EBITDA rose 29% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹309.06 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.73 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | ||||
| Net Profit Margin | 11.9% | ||||
| 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 Advanced Sys-Tek Limited, buy the company report.
Board of directors of Advanced Sys-Tek Limited
Advanced Sys-Tek has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Rajnikant Kapadia | Whole-Time Director | 17 Mar 1988 | 38 Years 7 Months | Current |
| Umed Amarchand Fifadra | Whole-Time Director | 17 Mar 1988 | 38 Years 7 Months | Current |
| Sunil Chinubhai Vakil Also directs: Eimco Elecon (India ) Limited, Munjal Auto Industries Limited, Shivam Autotech Limited and 3 more | Director | 05 Jul 2024 | 2 Years 4 Months | Current |
| Deepti Sharma Also directs: Finncare India Consulting LLP, Panasonic Energy India Company Limited, Axtel Industries Limited and 4 more | Director | 05 Jul 2024 | 2 Years 4 Months | Current |
| Hemant Vithaldas Udeshi | Director | 23 Aug 2024 | 2 Years 2 Months | Current |
| Shirish Madhukar Adi Also directs: Ast Environment Solutions Private Limited | Managing Director | 16 Oct 2023 | 3 Years 0 Months | Current |
Auditor
Advanced Sys-Tek Limited is audited by CNK & Associates LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & Associates LLP | FY 2026 | 101961W/W-100036 |
Shareholding
The shareholding of Advanced Sys-Tek Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Advanced Sys-Tek Limited, buy the company report.
Charges & borrowings
Open charges
₹210 Cr
Satisfied charges
₹742.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2022 | 100645215 | Others | ₹50 Cr | Open | |
| 04 Aug 2022 | 100609854 | Others | ₹50 Cr | Open | |
| 31 Aug 2019 | 100290110 | Hdfc Bank Limited | ₹110 Cr | Open | |
| 25 Sep 2018 | 100210400 | Others | ₹35 Cr | Satisfied | |
| 18 Sep 2018 | 100210288 | Others | ₹35 Cr | Satisfied |
To see the full charge records of Advanced Sys-Tek Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Advanced Sys-Tek Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹118 Cr; the latest was in March 2024.
Total deals
11
Secondary share transfers
8
Funding rounds
3
Disclosed funding
₹118 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹43 Cr | Investors: India Ahead Venture Fund, Princely Multitrading LLP , 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: an individual |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: DI Netherlands BV |
| Dec 2017 | Funding round | ₹74 Cr | Investors: DI Netherlands BV |
To see the full deal history of Advanced Sys-Tek 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
Advanced Sys-Tek Limited has 24 court cases on record: 11 filed by Advanced Sys-Tek, 13 filed against it. 1 case is pending and 23 are disposed.
Total cases
24
Filed by the company
11
Filed against the company
13
Pending
1
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 10 | 1 |
| Supreme Court | 2 | 2 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CUAPP) | Filed against the company by The Commissioner of Customs (Import) | Pending |
| Madras High Court | Writ petition | Filed against the company by Emerson Process Management (Indian) Private Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Emerson Process Management (Indian) Private Limited | Disposed |
| High Court of Gujarat | Court case (MCA) | Filed by the company against State of Gujarat | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by The State of Gujarat | Disposed |
To see the full case history of Advanced Sys-Tek 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
Advanced Sys-Tek Limited has 6 MSME Form 1 returns on record between 2019 and 2020, listing 470 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metachem Industries | |||
| Thermal Instrument India Private Limited | |||
| Cryogenic Ogs Limited | |||
| Pyrotech Electronics Pvt. Ltd. | |||
| Artee Flow Controls Private Limited |
To see the full MSME payment records of Advanced Sys-Tek Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Advanced Sys-Tek has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ast Environment Solutions Private Limited | U24230GJ2022PTC129033 |
To see the full group structure of Advanced Sys-Tek Limited, buy the company report.
Employees & EPFO
Advanced Sys-Tek Limited has a workforce of 160 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
160
Active EPFO establishments
1
Employee growth
5.96%
GST
No GST registration is on our record for Advanced Sys-Tek Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Advanced Sys-Tek Limited has 24 board changes on record since 1988: 6 appointments and 18 cessations. The latest: Hemant Vithaldas Udeshi ceased to be Additional Director on 02 Sep 2024.
AGM
Advanced Sys-Tek Limited last Annual general meeting of members was held on 16 Jun 2026 as per latest MCA records.
Filing
Advanced Sys-Tek Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 50.00 Cr registered on 24 Nov 2022 with Charge ID 100645215 was modified on 09 May 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 110.00 Cr registered on 31 Aug 2019 with Charge ID 100290110 was modified on 28 Oct 2024.
Charges
A charge with Others of Rs. 50.00 Cr registered on 04 Aug 2022 with Charge ID 100609854 was modified on 26 Sep 2024.
Ceased
Hemant Vithaldas Udeshi ceased to be Additional Director.
Appointed
Hemant Vithaldas Udeshi was appointed as Director.
Appointed
Deepti Sharma was appointed as Director.
Appointed
Sunil Chinubhai Vakil was appointed as Director.
Appointed
Shirish Madhukar Adi was appointed as Managing Director.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100645215 was registered on 24 Nov 2022.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100609854 was registered on 04 Aug 2022.
54 earlier events are in the company report.
Frequently asked questions
Advanced Sys-Tek is an active public limited company based in Vadodara, Gujarat, India. The company works in machinery repair and installation or automotive services, within the automobile industry. It was incorporated on 16 March 1988 (38+ years old) and is registered under CIN U33112GJ1988PLC010464.
Advanced Sys-Tek has 6 current directors:
- Shirish Madhukar Adi - Managing Director
- Mukesh Rajnikant Kapadia - Whole-Time Director
- Umed Amarchand Fifadra - Whole-Time Director
- Sunil Chinubhai Vakil - Director
- Deepti Sharma - Director
- Hemant Vithaldas Udeshi - Director
The latest financial statements of Advanced Sys-Tek on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 June 2026. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Advanced Sys-Tek is U33112GJ1988PLC010464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advanced Sys-Tek has 24 court cases on record: 11 filed by the company and 13 filed against it. 1 is pending. Most are in the high courts.
Advanced Sys-Tek was incorporated on 16 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Advanced Sys-Tek has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹118 Cr; the latest was in March 2024.
Hemant Vithaldas Udeshi ceased to be Additional Director on 02 Sep 2024. Hemant Vithaldas Udeshi was appointed as Director on 23 Aug 2024. Deepti Sharma was appointed as Director on 05 Jul 2024. Advanced Sys-Tek has 24 board changes on record in total.
Yes, Advanced Sys-Tek is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0004854).
Advanced Sys-Tek has 6 MSME Form 1 returns on record between 2019 and 2020, listing 470 overdue payments to 30 micro and small suppliers. The latest return was filed on 29 Oct 2020.
Advanced Sys-Tek can be reached through the website advancedsystek.com. Its registered office is in Vadodara, Gujarat, India.
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