About Aics Industries Limited
Data last updated:
Aics Industries Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U01611GJ2012PLC072828. Its GSTIN is 24AALCA1674Q2Z5 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.2 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Aashirwad Infra Care Services Private Limited. It is led by directors including Devendrasinh Dalpatsinh Umat and Pankajkumar Dalpatbhai Panchal.
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 Part A Of 520 Grand K10 B/H Atlantis K – 10 Opp. Honest Restaurants Near Vadodara Center, Sarabbhai, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.43 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹2.35 Lakh (net margin 0.3%) and EBITDA of ₹27.96 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 173% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹40 Lakh 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 ashirwadinfracare.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPart A Of 520 Grand K10 B/H Atlantis K – 10 Opp. Honest Restaurants Near Vadodara Center, Sarabbhai, Gujarat, India – 390007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of Aics Industries Limited
The main business activity of Aics Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aics Industries Limited FY 2024 filings available
Aics Industries Limited reported revenue of ₹7.43 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aics Industries Limited
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 173%. EBITDA rose 109% 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 of Aics Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹27.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.35 Lakh | •••• | •••• | •••• | •••• |
| 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 of Aics Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aics Industries are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aics Industries Limited
Aics Industries Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Builders and Developers, Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SP Singh Real Estate Private Limited | ₹7.44 Cr (FY 2024) | •••• | •••• | 136.0% | •••• | Lucknow, Uttar Pradesh, India |
| Satgur Projects Private Limited | ₹7.44 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Gayatrikripa Developers Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Kagashin Global Network Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Gujarat Global Retreat Centre Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | -59.0% | •••• | Ahmedabad, Gujarat, India |
| Aics Industries Limited this company | ₹7.43 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Vadodara, Gujarat, India |
| Divine Vision Infra-Retail Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 377.0% | •••• | Delhi, India |
| Sugandh Capital Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Tapoban Housing Development Private Limited | ₹7.43 Cr (FY 2024) | •••• | •••• | -58.0% | •••• | Durgapur, West Bengal, India |
| Blueroute Capital Advisors Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Outsource Pro India Private Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 94.0% | •••• | Amritsar, Punjab, India |
Peers are the five companies nearest above and the five nearest below Aics Industries by revenue in the Outsourcing industry (Builders and Developers, Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Aics Industries Limited
Aics Industries Limited is audited by J Singh & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J Singh & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Aics Industries Limited
Aics Industries has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendrasinh Dalpatsinh Umat | Director | 21 Nov 2022 | 3 Years 10 Months | Current |
| Pankajkumar Dalpatbhai Panchal Also directs: Scorpius Global Outsourcing Private Limited | Director | 31 Aug 2024 | 2 Years 1 Months | Current |
| Suhas Dinkar Bhattbhatt | Director | 21 Mar 2025 | 1 Years 6 Months | Current |
Ownership and Shareholding of Aics Industries Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aics Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2025 | Others | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Aics Industries Limited
Employment history and EPFO contributions of people linked to Aics Industries.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Aics Industries Limited
Aics Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Care Call Services Private Limited | U74999GJ2022PTC131347 | Locked |
Showing major subsidiaries. Total: 1.
Name History of Aics Industries Limited
Aics Industries has undergone 2 name changes throughout its history. The company was previously known as Aashirwad Infra Care Services Private Limited, and Aics Industries Limited. The current legal name is Aics Industries Limited.
| Company Name | Status |
|---|---|
| Aics Industries Limited | Current |
| Aashirwad Infra Care Services Private Limited | Previous |
CIN History of Aics Industries Limited
Aics Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U01611GJ2012PLC072828, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01611GJ2012PLC072828 | Current |
| U70109GJ2012PLC072828 | Previous |
| U28191GJ2012PLC072828 | Previous |
| U70109GJ2012PTC072828 | Previous |
Recent Activity on Aics Industries Limited
Aics Industries Limited has 18 board changes on record since 2017: 3 appointments and 15 cessations. The latest: Suhas Dinkar Bhattbhatt ceased to be Additional Director on 29 Sep 2025.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aics Industries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Aics Industries Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aics Industries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aics Industries Limited
Aics Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCA1674Q2Z5 | Gujarat | Active | 08 Oct 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aics Industries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aics Industries Limited
Aics Industries is an active public limited company based in Vadodara, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 November 2012 (14+ years old) and is registered under CIN U01611GJ2012PLC072828.
Aics Industries reported revenue of ₹7.43 Cr for FY 2025 (down 42% YoY).
Aics Industries has 3 current directors:
- Devendrasinh Dalpatsinh Umat - Director
- Pankajkumar Dalpatbhai Panchal - Director
- Suhas Dinkar Bhattbhatt - Director
Aics Industries reported a net profit of ₹2.35 Lakh (net margin 0.3%) and EBITDA of ₹27.96 Lakh (EBITDA margin 3.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aics Industries is 173% over five years. In the latest year (FY 2025) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aics Industries is 24AALCA1674Q2Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Aics Industries is U01611GJ2012PLC072828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aics Industries was incorporated on 29 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Aics Industries by revenue are SP Singh Real Estate Private Limited, Satgur Projects Private Limited, Gayatrikripa Developers Private Limited, Kagashin Global Network Private Limited, Gujarat Global Retreat Centre Private Limited and 5 more, all in the Outsourcing industry (Builders and Developers, Consulting Services).
Suhas Dinkar Bhattbhatt ceased to be Additional Director on 29 Sep 2025. Manish Arvind Shah ceased to be Managing Director on 06 Aug 2025. Hiteshbhai Bhanjibhai Joshi ceased to be CFO on 15 May 2025. Aics Industries has 18 board changes on record in total.
Aics Industries can be reached through the website ashirwadinfracare.com. Its registered office is in Vadodara, Gujarat, India.