About Ahlstrom Fibercomposites India Private Limited
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Ahlstrom Fibercomposites India Private Limited is a foreign private limited company based in Mundra, Gujarat, India, a subsidiary of Ahlstrom-Munksj Oyj. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74120GJ2008FTC082596. Its GSTIN is 24AAGCA9137M1ZD (Gujarat).
The company has an authorised share capital of ₹405 Cr and a paid-up capital of ₹70 Cr. It was formerly known as Ahlstrom Munksjo Fibercomposites India Private Limited. It is led by directors including Daniele Borlatto and Eugenio Busatto.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mundra SEZ Integrated Textile &Apparel Park(Mitap) Plot No. 07 Survey No. 141, Gujarat, India – 370421.
As per the financials filed for FY 2023, the company reported a revenue of ₹164.82 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹3.65 Cr (net margin 2.2%) and EBITDA of ₹80.71 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 96 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ahlstrom. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹361 Cr; the latest was in April 2017. The company has 7 MSME Form 1 returns on record between 2019 and 2021, listing 114 overdue payments to 34 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ahlstrom.com.
Company details
Name history
Ahlstrom Fibercomposites India has undergone 2 name changes throughout its history. The company was previously known as Ahlstrom Munksjo Fibercomposites India Private Limited, and Ahlstrom Fibercomposites India Private Limited. The current legal name is Ahlstrom Fibercomposites India Private Limited.
| Company Name | Status |
|---|---|
| Ahlstrom Fibercomposites India Private Limited | Current |
| Ahlstrom Munksjo Fibercomposites India Private Limited | Previous |
CIN history
Ahlstrom Fibercomposites India has one previous CIN (Corporate Identification Number): U74120DL2008FTC175970. The current CIN is U74120GJ2008FTC082596, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74120GJ2008FTC082596 | Current |
| U74120DL2008FTC175970 | Previous |
Contact details
Ahlstrom Fibercomposites India Private Limited's registered office is in Mundra, Gujarat. Its website is ahlstrom.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMundra SEZ Integrated Textile &Apparel Park(Mitap) Plot No. 07 Survey No. 141, Gujarat, India – 370421
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ahlstrom Fibercomposites India Private 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
Brands
Ahlstrom Fibercomposites India operates one associated brand: Ahlstrom. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fiber-based specialty materials are manufactured for filtration and packaging applications. | ahlstrom.com |
Financials of Ahlstrom Fibercomposites India Private Limited
FY 2025 filings availableAhlstrom Fibercomposites India Private Limited reported revenue of ₹164.82 Cr (down 31% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 97% 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 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 | ₹164.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹80.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.65 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ahlstrom Fibercomposites India Private Limited, buy the company report.
Board of directors of Ahlstrom Fibercomposites India Private Limited
Ahlstrom Fibercomposites India has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daniele Borlatto | Director | 27 Sep 2024 | 2 Years 1 Months | Current |
| Eugenio Busatto | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
| Ramji Arjanbhai Zaru | Additional Director | 01 Jan 2026 | 0 Years 10 Months | Current |
Auditor
Ahlstrom Fibercomposites India Private Limited is audited by B S R & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. | FY 2023 | 128510W |
Shareholding
The shareholding of Ahlstrom Fibercomposites India Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ahlstrom Fibercomposites India Private Limited, buy the company report.
Deals & funding
Ahlstrom Fibercomposites India Private Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹361 Cr; the latest was in April 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ahlstrom Corporation |
| Feb 2014 | Funding round | ₹151 Cr | Investors: Ahlstrom Corporation |
| Dec 2012 | Funding round | ₹100 Cr | Investors: Ahlstrom Corporation |
| Aug 2010 | Funding round | ₹25 Cr | Investors: Ahlstrom Corporation |
| Dec 2008 | Funding round | ₹85 Cr | Investors: Ahlstrom Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ahlstrom Fibercomposites India Private Limited has 7 court cases on record: 4 filed by Ahlstrom Fibercomposites India, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax 1 | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by The Principal Commissioner of Income Tax 1 | Disposed |
| NCLT, Ahmedabad | Company petition | Filed by the company | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against an individual | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against an individual | Disposed |
To see the full case history of Ahlstrom Fibercomposites India Private 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
Ahlstrom Fibercomposites India Private Limited has 7 MSME Form 1 returns on record between 2019 and 2021, listing 114 overdue payments to 34 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 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Safex Electromech Private Limited | |||
| an individual supplier | |||
| Jughead Exports Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ahlstrom Fibercomposites India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ahlstrom Fibercomposites India Private Limited has a workforce of 96 employees on its EPFO records as of Aug 05, 2024, across 2 active EPFO establishments.
GST
Ahlstrom Fibercomposites India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCA9137M1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ahlstrom Fibercomposites India Private Limited, buy the company report.
Recent activity
Ahlstrom Fibercomposites India Private Limited has 21 board changes on record since 2008: 5 appointments and 16 cessations. The latest: Ramji Arjanbhai Zaru was appointed as Additional Director on 01 Jan 2026.
12 earlier events are in the company report.
News
Frequently asked questions
Ahlstrom Fibercomposites India is an active foreign private limited company based in Mundra, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 March 2008 (18+ years old) and is registered under CIN U74120GJ2008FTC082596.
Ahlstrom Fibercomposites India has 3 current directors:
- Daniele Borlatto - Director
- Eugenio Busatto - Director
- Ramji Arjanbhai Zaru - Additional Director
The latest financial statements of Ahlstrom Fibercomposites India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ahlstrom Fibercomposites India is 24AAGCA9137M1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Ahlstrom Fibercomposites India is U74120GJ2008FTC082596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ahlstrom Fibercomposites India has 7 court cases on record: 4 filed by the company and 3 filed against it. Most are in the high courts.
Ahlstrom Fibercomposites India was incorporated on 27 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ahlstrom Fibercomposites India has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹361 Cr; the latest was in April 2017.
Ramji Arjanbhai Zaru was appointed as Additional Director on 01 Jan 2026. Daniele Borlatto ceased to be Additional Director on 29 Sep 2024. Eugenio Busatto ceased to be Additional Director on 29 Sep 2024. Ahlstrom Fibercomposites India has 21 board changes on record in total.
Ahlstrom Fibercomposites India has 7 MSME Form 1 returns on record between 2019 and 2021, listing 114 overdue payments to 34 micro and small suppliers. The latest return was filed on 25 Oct 2021.
Ahlstrom Fibercomposites India can be reached through the website ahlstrom.com. Its registered office is in Mundra, Gujarat, India.
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