Aether Industries Limited - pharma in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN L24100GJ2013PLC073434 Incorporated 23 January 2013 ROC Ahmedabad HQ Surat, Gujarat, India
Active Listed - BSE: 543534 Public Limited Company pharma
Data last updated
Market Cap
₹22,166 Cr
AETHER · NSE
Share Price
₹1,662.00
-2.20% today
Revenue
₹1,160 Cr
FY 2025-26 · +32.1% YoY
EBITDA
₹355 Cr
Margin 30.6%
Net Profit
₹226 Cr
FY 2025-26 · +35.3% YoY
P/E (TTM)
94.0x
P/B 9.2x
ROE
9.4%
ROCE 11.6%
Debt / Equity
0.14
Interest cover 6.3x

About Aether Industries Limited

Data last updated:

Aether Industries Limited is a public limited company based in Surat, Gujarat, India. It specialises in pharma contract r and d, a part of the broader pharmaceuticals sector. Incorporated on 23 January 2013, the company has been in operation for over 13 years.

Registered with ROC Ahmedabad under CIN L24100GJ2013PLC073434. Listed on BSE: 543534.

Capital: an authorised share capital of ₹147.5 Cr and a paid-up capital of ₹132.71 Cr. It is led by directors including Arun Brijmohan Kanodiya and Jeevan Lal Nagori.

Last AGM: 12 September 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No. 8203 Gidc Sachin, Surat, Gujarat, India – 394230.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,160.14 Cr, a growth of 37.96% compared to the previous year. The net worth stands at ₹2,455.89 Cr (up 10.33% YoY). Total assets are valued at ₹2,913.83 Cr (up 20.12% YoY).

The company has a workforce of approximately 926 employees as per the latest available data. Its group structure includes 1 subsidiary.

The company is associated with 1 brand - Aether Industries. As per MCA filings, the company has open charges of ₹348 Cr and satisfied charges of ₹31.8 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aether.co.in.

Company Details of Aether Industries Limited
CIN L24100GJ2013PLC073434
Registration Number 073434
Incorporation Date 23 January 2013
ROC Ahmedabad
Listing Status Listed (BSE: 543534)
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Plot No. 8203 Gidc Sachin, Surat, Gujarat, India – 394230
  • Industry
    Pharma, Pharma Contract R&D
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Financials, compliance, directors, charges, ownership and filings for Aether Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Aether Industries

Aether Industries has one previous CIN (Corporate Identification Number): U24100GJ2013PLC073434. The current CIN is L24100GJ2013PLC073434, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24100GJ2013PLC073434Current
U24100GJ2013PLC073434Previous

Associated Brands with Aether Industries

Aether Industries operates one associated brand: Aether Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Advanced intermediates and active ingredients are manufactured for multiple industries.aether.co.in

Competitors & Alternatives of Aether Industries

Brands and companies operating in the same space as Aether Industries Limited include Inventys, Shogun Organics, Alkyl Amines Chemicals and 4 more.

CompetitorDescriptionLocationFounded
Inventys Inventys Actives, advanced intermediates, and specialty chemicals are custom manufactured.Mumbai, India, India2005
Shogun Organics Shogun Organics Contract manufacturer of chemicals used in household insecticide productsMumbai, India, India2002
Alkyl Amines Chemicals Alkyl Amines Chemicals Aliphatic amines, derivatives, and specialty amines are supplied to industries.Navi Mumbai, India, India1979
Evexia Lifecare Evexia Lifecare Contract manufacturer of pharma chemicalsVadodara, India, India1990
Auchtel Auchtel Provides speciality chemicals, supports import substitution, and engages in chemical events.Mumbai, India, India1965
Aquila Organics Aquila Organics Produces fragrances, aroma chemicals, and flavor solutions for industries.Thane, India, India2012
Florachem Aromatics Florachem Aromatics Produces and supplies aroma chemicals, fragrances, and camphor products for industrial use.Bengaluru, India, India1985

Business Activity of Aether Industries

The main business activity of Aether Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
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Business activity turnover details for Aether Industries Limited

Turnover share and past changes in activity are in the company report.

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Auditor Details of Aether Industries

Aether Industries Limited is audited by BIRJU S. SHAH & ASSOCIATES for the financial year 2024.

NameStatusAppointment DateCessation Date
BIRJU S. SHAH & ASSOCIATESLockedLockedLocked
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Complete auditor history for Aether Industries Limited

Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Aether Industries Limited

Aether Industries has 12 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arun Brijmohan KanodiyaDirector01 Mar 20188 Years 7 MonthsCurrent
Jeevan Lal NagoriDirector01 Mar 20188 Years 7 MonthsCurrent
Rohan Ashwin DesaiWhole-Time Director23 Jan 201313 Years 8 MonthsCurrent
Aman Ashwinbhai DesaiWhole-Time Director25 Aug 201412 Years 1 MonthsCurrent
Leja Satish HattiangadiDirector01 Oct 20215 Years 0 MonthsCurrent
Purnima Desai AshwinWhole-Time Director23 Jan 201313 Years 8 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Financials of Aether Industries Limited FY 2025-26 filings available

Aether Industries Limited reported revenue of ₹1,160.14 Cr (up 37.96% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,160 Cr
+38.0% YoY
EBITDA
₹355 Cr
+53.4% YoY
Profit After Tax
₹226 Cr
+35.3% YoY
Net Worth
₹2,456 Cr
+10.3% YoY
Total Assets
₹2,914 Cr
+20.1% YoY
Total Debt
₹458 Cr
+129.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue1,160841599651590
Revenue growth+32.1%+26.9%+3.4%+10.1%+9997.0%
EBITDA355231118186168
EBITDA margin+30.6%+27.5%+19.8%+28.6%+28.5%
Profit before tax291213110174146
Net profit22616792.45130109
Net profit margin+19.5%+19.9%+15.4%+19.9%+18.4%
EPS (₹)16.5411.956.2210.479.67
Balance sheet
Total assets2,9142,4262,2461,260678
Net worth2,4562,2262,0631,245387
Total debt45820018315.72291
Cash & bank5.6623955610218.02
Net working capital9589751,185581314
Cash flow
Cash from operations142100(16.46)(6.56)(5.44)
Cash from investing(619)(418)(424)(348)(151)
Cash from financing2441.25894439169
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue327305319280257240220199
Revenue growth (YoY)+27.3%+27.0%+45.1%+40.9%+42.6%+104.4%+41.4%+21.1%
Other income7.6911.22(1.55)8.692.085.0713.6410.97
EBITDA10381.3511085.3378.5576.8162.0250.30
EBITDA margin+31.5%+26.7%+34.5%+30.5%+30.6%+32.0%+28.2%+25.3%
Depreciation21.4218.4217.2716.5314.2013.0111.0610.80
Interest5.586.143.923.234.805.133.211.96
Profit before tax83.4668.0187.1874.2661.6363.7461.3948.51
Tax20.7014.0122.6920.3114.6113.4318.0013.72
Net profit62.7654.0064.4953.9547.0250.3143.3934.79
EPS (₹)4.764.074.864.073.553.793.272.63
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue940791597651590450302
Revenue growth+13.6%+20.1%+3.0%+10.1%+24.9%+46.9%+49.8%
EBITDA28621511818616811271.75
EBITDA margin+30.5%+27.2%+19.7%+28.6%+28.5%+24.9%+23.8%
Profit before tax23520511417414693.8056.50
Net profit18016198.3113010971.0539.95
Net profit margin+19.2%+20.4%+16.5%+19.9%+18.4%+15.8%+13.2%
EPS (₹)13.0811.476.6510.479.6770.4246.68
Balance sheet
Total assets2,7662,3622,2131,260678386251
Net worth2,4092,2252,0691,245387174103
Total debt35613714415.72291211147
Cash & bank5.6623955610218.025.563.60
Net working capital8649611,274581314154106
Cash flow
Cash from operations146117(1.96)(6.55)(5.44)23.2017.70
Cash from investing(590)(415)(399)(348)(151)(76.59)(48.01)
Cash from financing211(19.42)85443916955.3632.62
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue257237258230215215197196
Revenue growth (YoY)+19.4%+10.6%+30.5%+16.9%+19.3%+86.6%+27.1%+19.7%
Other income9.869.670.259.672.695.6114.0512.70
Total expenses177177168161148150140145
EBITDA79.7460.4589.8468.9266.5364.5857.0451.51
EBITDA margin+31.1%+25.5%+34.9%+30.0%+31.0%+30.1%+28.9%+26.2%
Depreciation20.1716.9715.7315.2712.8211.6410.4910.52
Interest3.544.612.571.813.252.493.211.89
Profit before tax65.8948.5471.7961.5153.1556.0657.3951.80
Tax17.5810.6119.8217.9313.0013.1316.5313.72

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue327305319280257240220199
Revenue growth (YoY)+27.3%+27.0%+45.1%+40.9%+42.6%+104.4%+41.4%+21.1%
Other income7.6911.22(1.55)8.692.085.0713.6410.97
EBITDA10381.3511085.3378.5576.8162.0250.30
EBITDA margin+31.5%+26.7%+34.5%+30.5%+30.6%+32.0%+28.2%+25.3%
Depreciation21.4218.4217.2716.5314.2013.0111.0610.80
Interest5.586.143.923.234.805.133.211.96
Profit before tax83.4668.0187.1874.2661.6363.7461.3948.51
Tax20.7014.0122.6920.3114.6113.4318.0013.72
Net profit62.7654.0064.4953.9547.0250.3143.3934.79
EPS (₹)4.764.074.864.073.553.793.272.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue1,160841599651590
Revenue growth+32.1%+26.9%+3.4%+10.1%+9997.0%
Other income20.9339.7639.2116.576.97
Total expenses805610481465422
Employee cost62.7346.2138.6334.4627.04
EBITDA355231118186168
EBITDA margin+30.6%+27.5%+19.8%+28.6%+28.5%
Depreciation66.4245.0139.6723.2515.49
Interest18.0912.938.525.0913.12
Profit before tax291213110174146
Tax71.6354.5727.0244.0637.54
Net profit22616792.45130109
Net profit margin+19.5%+19.9%+15.4%+19.9%+18.4%
EPS (₹)16.5411.956.2210.479.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital133133133125113
Reserves & surplus2,3232,0931,9311,120274
Shareholders' funds (net worth)2,4562,2262,0631,245387
Minority interest0.000.000.000.000.00
Secured loans3301831690.11240
Unsecured loans12817.3414.3815.6150.57
Total debt45820018315.72291
Total liabilities2,9142,4262,2461,260678
Assets
Gross block1,7041,270963717305
Net block1,4961,117853646257
Capital work in progress51636323237.1757.74
Investments0.210.210.211.2117.22
Inventories537397343249163
Sundry debtors390289233259163
Cash & bank balances5.6623955610218.02
Loans & advances23821717164.1348.54
Total current assets1,1711,1411,303674393
Total current liabilities21416611892.8278.32
Net working capital9589751,185581314
Total assets2,9142,4262,2461,260678
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash23955610218.025.56
Net cash from operating activities142100(16.46)(6.56)(5.44)
Net cash from investing activities(619)(418)(424)(348)(151)
Net cash from financing activities2441.25894439169
Net change in cash(233)(317)45384.2712.45
Closing cash5.6623955610218.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+38.0%+40.4%-8.0%+10.3%+9997.0%
EBITDA growth+53.4%+95.1%-36.4%+10.8%+9997.0%
PBT growth+36.7%+94.5%-37.2%+19.1%+9997.0%
Net income growth+35.3%+80.9%-28.8%+19.4%+9997.0%
Revenue CAGR (3Y)+21.2%+12.5%---
EBITDA CAGR (3Y)+24.0%+11.2%---
Profitability & leverage
Net income margin+18.9%+18.8%+13.8%+20.0%+18.5%
Return on capital employed+11.6%+9.7%+7.5%+18.5%+23.6%
Return on net worth+9.4%+7.4%+5.6%+16.0%+28.2%
Debt / equity0.140.090.060.190.75
Long-term debt / equity0.010.010.010.090.33
Interest cover6.286.9510.813.128.60
Efficiency & per share
Fixed asset turnover0.780.750.711.271.94
Inventory turnover2.482.272.023.163.63
Debtors turnover3.423.232.443.083.61
EPS (₹)16.5411.956.2210.479.67
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)185.10167.88155.6699.9634.33
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue257237258230215215197196
Revenue growth (YoY)+19.4%+10.6%+30.5%+16.9%+19.3%+86.6%+27.1%+19.7%
Other income9.869.670.259.672.695.6114.0512.70
Total expenses177177168161148150140145
EBITDA79.7460.4589.8468.9266.5364.5857.0451.51
EBITDA margin+31.1%+25.5%+34.9%+30.0%+31.0%+30.1%+28.9%+26.2%
Depreciation20.1716.9715.7315.2712.8211.6410.4910.52
Interest3.544.612.571.813.252.493.211.89
Profit before tax65.8948.5471.7961.5153.1556.0657.3951.80
Tax17.5810.6119.8217.9313.0013.1316.5313.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue940791597651590450302
Revenue growth+13.6%+20.1%+3.0%+10.1%+24.9%+46.9%+49.8%
Other income21.5442.5044.2616.576.973.971.98
Total expenses654575479465422338230
Employee cost62.4245.9438.6134.4627.0422.1113.38
EBITDA28621511818616811271.75
EBITDA margin+30.5%+27.2%+19.7%+28.6%+28.5%+24.9%+23.8%
Depreciation60.7842.8039.4223.2515.4911.017.85
Interest12.2410.238.525.0913.1211.329.38
Profit before tax23520511417414693.8056.50
Tax61.3752.8125.9244.0637.5422.6916.55
Net profit18016198.3113010971.0539.95
Net profit margin+19.2%+20.4%+16.5%+19.9%+18.4%+15.8%+13.2%
EPS (₹)13.0811.476.6510.479.6770.4246.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13313313312511310.1033.56
Reserves & surplus2,2772,0931,9361,12027416469.72
Shareholders' funds (net worth)2,4092,2252,0691,245387174103
Secured loans2291201290.11240196123
Unsecured loans12817.3414.3815.6150.5715.6423.97
Total debt35613714415.72291211147
Total liabilities2,7662,3622,2131,260678386251
Assets
Gross block1,5721,139852717305248150
Net block1,372989743646257216129
Capital work in progress48234021937.1757.740.2017.23
Investments1001000.261.2617.2222.300.22
Inventories50038634124916384.7371.94
Sundry debtors30626423025916310862.97
Cash & bank balances5.6623955610218.025.563.60
Loans & advances22022125564.1348.5412.909.27
Total current assets1,0311,1101,382674393211148
Total current liabilities16714910892.8278.3257.1442.22
Net working capital8649611,274581314154106
Total assets2,7662,3622,2131,260678386251
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash23955610218.025.563.601.30
Net cash from operating activities146117(1.96)(6.55)(5.44)23.2017.70
Net cash from investing activities(590)(415)(399)(348)(151)(76.59)(48.01)
Net cash from financing activities211(19.42)85443916955.3632.62
Net change in cash(233)(317)45384.2312.451.962.30
Closing cash5.6623955610218.025.563.60
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.9%+32.6%-8.4%+10.3%+31.1%+49.1%+50.1%
EBITDA growth+33.0%+83.0%-36.8%+10.8%+49.9%+56.3%+51.0%
PBT growth+14.7%+79.7%-34.7%+19.1%+56.2%+66.0%+73.3%
Net income growth+12.0%+63.7%-24.3%+19.4%+53.0%+77.9%+71.2%
Revenue CAGR (3Y)+13.0%+10.2%+9.8%+29.2%+43.2%+60.6%+131.2%
EBITDA CAGR (3Y)+15.4%+8.6%+1.6%+37.4%+52.4%+69.0%+212.1%
Profitability & leverage
Net income margin+18.5%+19.2%+14.8%+20.0%+18.5%+15.8%+13.2%
Return on capital employed+9.6%+9.4%+7.8%+18.5%+30.0%+33.1%+31.7%
Return on net worth+7.5%+7.1%+5.9%+16.0%+38.8%+56.3%+68.4%
Debt / equity0.110.070.050.190.891.291.49
Long-term debt / equity0.010.010.010.090.420.640.74
Interest cover5.425.9310.893.128.6011.1914.68
Efficiency & per share
Fixed asset turnover0.690.790.761.272.132.262.24
Inventory turnover2.122.172.023.164.775.755.40
Debtors turnover3.303.202.443.084.345.265.43
EPS (₹)13.0811.476.6510.479.6770.4246.68
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)181.59167.82156.0999.9634.33172.6291.45
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Shareholding Pattern of Aether Industries Limited

Shareholding for the quarter ended Sep 2026: promoters hold 74.90%, foreign institutional investors hold 7.40%, domestic institutional investors hold 10.50% and retail and other public shareholders hold 7.20%.

Promoters: 74.90%DII (Domestic Institutional): 10.50%FII (Foreign Institutional): 7.40%Retail & Others: 7.20%
Sep 2026
QUARTER
74.90% Promoters
10.50% DII (Domestic Institutional)
7.40% FII (Foreign Institutional)
7.20% Retail & Others
Promoter holding - history
Now 74.90% · Sep 2026High 75.00% · Dec 2025Low 74.90% · Sep 2026
73%73.8%74.5%75.3%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 75.00%Mar 2026: 75.00%Jun 2026: 75.00%Sep 2026: 74.90%75.00%74.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters74.90%75.00%75.00%75.00%
Public25.10%25.00%25.00%25.00%

Group Structure of Aether Industries Limited

Aether Industries has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Aether Speciality Chemicals LimitedU24290GJ2022PLC135180-

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Aether Industries

Open charges
₹348 Cr
Satisfied charges
₹31.8 Cr
Breakdown by lending institutions
Others₹250.00 Cr
Axis Bank Limited₹52.00 Cr
Hdfc Bank Limited₹46.00 Cr
Latest charge details
DateLenderAmountStatus
29 Jul 2025Axis Bank Limited₹52 CrOpen
23 Feb 2023Others₹250 CrOpen
26 Dec 2018Hdfc Bank Limited₹46 CrOpen
30 Nov 2015State Bank of India₹31.8 CrSatisfied

Total charge records: 4 View all charges

Employees and EPFO Compliance at Aether Industries

Aether Industries Limited has a workforce of 926 employees as of Apr 04, 2024.

Employee count
926
Active EPFO establishments
1
Employee growth
21.52%
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Employee and EPFO history for Aether Industries Limited

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GST Compliance of Aether Industries

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Credit Ratings, Litigation & Regulatory Alerts for Aether Industries

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MSME Payment Delays by Aether Industries

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MSME payment history for Aether Industries Limited

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Subsidiaries & Group Companies of Aether Industries

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Corporate group structure for Aether Industries Limited

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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MCA Filings & Documents of Aether Industries

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MCA filings and documents for Aether Industries Limited

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Recent Activity on Aether Industries

Charges
10 Feb 2026
A charge with Others of Rs. 250.00 Cr registered on 23 Feb 2023 with Charge ID 100687768 was modified on 10 Feb 2026.
Activity
12 Sep 2025
Aether Industries Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Charges
29 Jul 2025
A charge with Axis Bank Limited amounted to Rs. 52.00 Cr with Charge ID 101134202 was registered on 29 Jul 2025.
Activity
31 Mar 2025
Aether Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
04 Oct 2024
A charge registered on 30 Nov 2015 via Charge ID 10609345 with State Bank Of India was fully satisfied on 04 Oct 2024.
Charges
26 Jun 2023
A charge with Hdfc Bank Limited of Rs. 46.00 Cr registered on 26 Dec 2018 with Charge ID 100229973 was modified on 26 Jun 2023.

Frequently Asked Questions about Aether Industries Limited

Aether Industries is an active public limited company in the pharma sector based in Surat, Gujarat, India. It was incorporated on 23 January 2013 (13+ years old) and is registered under CIN L24100GJ2013PLC073434. Listed on BSE: 543534. The company has 926 employees.

Aether Industries reported revenue of ₹1,160.14 Cr for FY 2025-26 (up 37.96% YoY) based on consolidated financials.

The current directors of Aether Industries are:

The primary industry of Aether Industries is pharma. The company specifically operates in pharma contract r and d. The company is currently active in this sector.

Yes. Aether Industries is listed on BSE with code 543534.

Aether Industries can be reached at the registered office: Plot No. 8203 Gidc Sachin, Surat, Gujarat, India – 394230, or through the website aether.co.in.

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