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Affirmation Resources Private Limited
Affirmation Resources Private Limited - information technology in Karnal, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹53.01 Lakh
▼ 36% YoY
Net loss · FY 2024
₹29,486
Net margin -0.6%
EBITDA · FY 2024
₹10.53 Lakh
EBITDA margin 19.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹60 Lakh
No open charges
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Affirmation Resources Private Limited
Data last updated:
Affirmation Resources Private Limited is a private limited company based in Karnal, Haryana, India, recognised as a startup by DPIIT. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 01 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900HR2020PTC087138.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Amit Gulati and Mamta Gulati.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No – 18/3 Hsidc Karnal Haryana – 132001, Haryana, India – 132001.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.01 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹29,486 (net margin -0.6%) and EBITDA of ₹10.53 Lakh (EBITDA margin 19.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has satisfied charges of ₹60 Lakh on record.
Company details
CIN U72900HR2020PTC087138
Registration Number 087138
Incorporation Date 01 July 2020
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Key People
Amit Gulati Director Mamta Gulati Director Recognitions & Rankings of Affirmation Resources
Contact details
Affirmation Resources Private Limited's registered office is in Karnal, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No – 18/3 Hsidc Karnal Haryana – 132001, Haryana, India – 132001
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Affirmation Resources Private Limited, buy the company report.
Comprehensive company report
Affirmation Resources 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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Business activity
The main business activity of Affirmation Resources is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Affirmation Resources Private Limited, buy the company report.
Financials of Affirmation Resources Private Limited
FY 2024 filings availableAffirmation Resources Private Limited reported revenue of ₹53.01 Lakh (down 36% YoY) for FY 2024.
Revenue · FY 2024
₹53.01 Lakh ▼ 36%
Net loss · FY 2024
₹29,486 margin -0.6%
EBITDA · FY 2024
₹10.53 Lakh margin 19.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 36%
3 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 4%
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 36% fall in the latest year. EBITDA fell 23% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
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| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹10.53 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29,486 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 19.9% | |||
| Net Profit Margin | -0.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| 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 Affirmation Resources Private Limited, buy the company report.
Board of directors of Affirmation Resources Private Limited
Affirmation Resources has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Gulati Also directs: Agulati Delite LLP, Settogo Kiitchens & Consultancy Private Limited, Rightbuddy Consultant Private Limited and 1 more | Director | 01 Jul 2020 | 6 Years 3 Months | Current |
| Mamta Gulati | Director | 01 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Affirmation Resources Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RMVP Technologies Private Limited | ₹53.38 Lakh (FY 2025) | -56.0% | New Delhi, Delhi, India | |||
| SRD Infotech Private Limited | ₹53.32 Lakh (FY 2025) | 57.0% | Mumbai, Maharashtra, India | |||
| Affirmation Resources Private Limitedthis company | ₹53.01 Lakh (FY 2024) | -₹29,486 | -0.6% | -36.0% | Karnal, Haryana, India | |
| World Phone Infrastructure Services Private Limited | ₹52.95 Lakh (FY 2025) | 400.0% | New Delhi, Delhi, India |
To see the full peer comparison of Affirmation Resources Private Limited, buy the company report.
Auditor
Affirmation Resources Private Limited is audited by RAKESHKUMARMIDHA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKESHKUMARMIDHA | FY 2023 | 017912 |
Shareholding
The shareholding of Affirmation Resources Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Affirmation Resources Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹60 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2020 | 100390946 | Hdfc Bank Limited | ₹60 Lakh | Satisfied |
To see the full charge records of Affirmation Resources Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Affirmation Resources Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Affirmation Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Affirmation Resources Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
Active EPFO establishments
1
GST
No GST registration is on our record for Affirmation Resources Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Affirmation Resources Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Amit Gulati was appointed as Director on 01 Jul 2020.
AGM
Affirmation Resources Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Affirmation Resources Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge registered on 03 Nov 2020 via Charge ID 100390946 with Hdfc Bank Limited was fully satisfied on 30 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 60.00 Lakh with Charge ID 100390946 was registered on 03 Nov 2020.
Appointed
Amit Gulati was appointed as Director.
Appointed
Mamta Gulati was appointed as Director.
Incorporation
01 Jul 2020
Affirmation Resources Private Limited was registered on 01 Jul 2020 with Roc Delhi & aged 6 years 3 months as per MCA records.
Frequently asked questions
Affirmation Resources is an active private limited company based in Karnal, Haryana, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 01 July 2020 (6+ years old) and is registered under CIN U72900HR2020PTC087138.
Affirmation Resources has 2 current directors:
- Amit Gulati - Director
- Mamta Gulati - Director
The latest financial statements of Affirmation Resources on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Affirmation Resources is U72900HR2020PTC087138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Affirmation Resources was incorporated on 01 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Affirmation Resources by revenue are RMVP Technologies Private Limited, SRD Infotech Private Limited, World Phone Infrastructure Services Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Amit Gulati was appointed as Director on 01 Jul 2020. Mamta Gulati was appointed as Director on 01 Jul 2020.
Yes, Affirmation Resources is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Affirmation Resources is at Plot No – 183 Hsidc Karnal Haryana – 132001, Haryana, India – 132001.
Affirmation Resources operates in the information technology industry, in the IT products retail and distribution segment.
Affirmation Resources has no open charges and satisfied charges of ₹60 Lakh as per latest MCA filings.