About Aftek Limited
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Aftek Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 March 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L57220MH1986PLC039342. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹22.04 Cr. It was formerly known as Aftek Business Machines Pvt Ltd and Aftek Infosys Limited. It is led by directors including Ranjit Mohan Dhuru (Managing Director) and Suhas Ramchandra Bapat.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹11.84 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹40.79 Cr (net margin -344.6%) and EBITDA of -₹65.99 Lakh (EBITDA margin -5.6%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
The company has about 12 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Aftek. As per MCA filings, the company has open charges of ₹52.95 Cr and satisfied charges of ₹20.49 Cr on record. Court records list 81 cases involving the company, including 18 filed by the company and 63 filed against it; 10 cases are pending. The company has 45 deals on record (45 market trades); the latest was in December 2012. Its 3 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 2 larger and 1 smaller; the largest is Neutrino Trading Private Limited with revenue of ₹11.91 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website aftek.com.
Company details
Name history
Aftek has undergone 3 name changes throughout its history. The company was previously known as Aftek Business Machines Pvt Ltd, Aftek Infosys Limited, and Aftek Business Machines Ltd. The current legal name is Aftek Limited.
| Company Name | Status |
|---|---|
| Aftek Limited | Current |
| Aftek Business Machines Pvt Ltd | Previous |
| Aftek Infosys Limited | Previous |
| Aftek Business Machines Ltd | Previous |
Contact details
Aftek Limited's registered office is in Mumbai, Maharashtra. Its website is aftek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address16/A2Ndflrprabhadeviindustrialestatetheenterprises C0 – Op.Soc.Ltd 408 Veer Savarkar Marg Pra, Bhadevi, Mumbai, Maharashtra, India – 400025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Aftek Limited, buy the company report.
- 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
Business activity
The main business activity of Aftek is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Aftek Limited, buy the company report.
Financials of Aftek Limited
FY 2017 filings availableAftek Limited reported revenue of ₹11.84 Cr (down 70% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years, including a 70% fall in the latest year. EBITDA fell 102% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹11.84 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹65.99 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹40.79 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -5.6% | ||
| Net Profit Margin | -344.6% | ||
| 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 Aftek Limited, buy the company report.
Board of directors of Aftek Limited
Aftek has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjit Mohan Dhuru Also directs: Cabernet Vineyards Private Limited, D'ori Winery Private Limited | Managing Director | 25 Mar 1986 | 40 Years 7 Months | Current |
| Suhas Ramchandra Bapat Also directs: Nilavinya Realty LLP | Additional Director | 25 Apr 2025 | 1 Years 6 Months | Current |
| Nagesh Keshav Bandivdekar | Additional Director | 25 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Aftek Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Neutrino Trading Private Limited | ₹11.91 Cr (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Argenbright Innovation Lab India Private Limited | ₹11.86 Cr (FY 2025) | -46.0% | Bangalore, Karnataka, India | |||
| Aftek Limitedthis company | ₹11.84 Cr (FY 2017) | -₹40.79 Cr | -344.6% | -70.0% | Mumbai, Maharashtra, India | |
| DPH Software Services Private Limited | ₹11.8 Cr (FY 2024) | 156.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aftek Limited, buy the company report.
Auditor
Aftek Limited is audited by Gmj & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gmj & Co. | FY 2017 | 103429W |
Shareholding
The shareholding of Aftek Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aftek Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2010 | 10234511 | State Bank of Bikaner and Jaipur | ₹14 Cr | Open | |
| 28 Jun 2007 | 10059456 | Bank of India | ₹33.34 Cr | Open | |
| 20 Oct 1990 | 90212117 | Indian Bank | ₹1.91 Cr | Open | |
| 14 Nov 1988 | 90211846 | Indian Bank | ₹1.68 Cr | Open | |
| 10 Sep 1987 | 90211686 | Allahabad Bank | ₹1.91 Cr | Open |
To see the full charge records of Aftek Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Aftek Limited has 45 deals on record (45 market trades); the latest was in December 2012.
Deals on record (5 of 45)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2012 | Market trade | ₹70.2 Lakh | Buyer: Yes Equities Private Limited |
| Feb 2012 | Market trade | ₹1.03 Cr | Buyer: Vora Financial Services Private Limited Seller: Vora Financial Services Private Limited |
| Mar 2009 | Market trade | ₹38.8 Lakh | Seller: Mega Resources Ltd |
| Nov 2007 | Market trade | ₹4.86 Cr | Buyer: Maruti Global Industries Limited Seller: Maruti Global Industries Limited |
| Oct 2007 | Market trade | ₹4.55 Cr | Buyer: Maruti Global Industries Limited Seller: Maruti Global Industries Limited |
To see the full deal history of Aftek 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
Aftek Limited has 81 court cases on record: 18 filed by Aftek, 63 filed against it. 10 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 26 | 2 |
| District courts | 38 | 37 | 8 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed against the company by Icici Bank Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Uptron India Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax | Pending |
| Bombay High Court | Writ petition | Filed by the company against Central Board of Trustees, Epf Thorugh Asst. PF Commissioner (Legal) and Anr. | Pending |
| Bombay High Court | Writ petition | Filed against the company by Central Board of Trustees, Epf Through Assistant Provident Fund Commissioner (Legal) | Pending |
To see the full case history of Aftek 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
No delayed payments to MSME suppliers are on our record for Aftek Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Aftek has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mihir Properties Private Limited | U45200MH1993PTC071510 | |
| Mihir Properties Private Limited | U45200MH1993PTC071510 |
To see the full group structure of Aftek Limited, buy the company report.
GST
Aftek has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aftek Limited, buy the company report.
Recent activity
Aftek Limited has 25 board changes on record since 1986: 14 appointments and 11 cessations. The latest: Nagesh Keshav Bandivdekar was appointed as Additional Director on 25 Apr 2025.
43 earlier events are in the company report.
Frequently asked questions
Aftek is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 March 1986 (40+ years old) and is registered under CIN L57220MH1986PLC039342.
Aftek has 3 current directors:
- Ranjit Mohan Dhuru - Managing Director
- Suhas Ramchandra Bapat - Additional Director
- Nagesh Keshav Bandivdekar - Additional Director
The latest financial statements of Aftek on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Aftek has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Aftek is L57220MH1986PLC039342. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aftek is recorded as a listed company by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Aftek has 81 court cases on record: 18 filed by the company and 63 filed against it. 10 are pending. Most are in the high courts.
Aftek was incorporated on 25 March 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Aftek has 45 deals on record (45 market trades); the latest was in December 2012.
The peers of Aftek by revenue are Neutrino Trading Private Limited, Argenbright Innovation Lab India Private Limited, DPH Software Services Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (other professional, scientific and technical activities).
Nagesh Keshav Bandivdekar was appointed as Additional Director on 25 Apr 2025. Suhas Ramchandra Bapat was appointed as Additional Director on 25 Apr 2025. Mahesh Bhikubhai Naik ceased to be Director on 28 Aug 2024. Aftek has 25 board changes on record in total.