Startup India Government of India
Aion Pipes Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹83.33 Cr
▼ 45% YoY
Net loss · FY 2025
₹4.04 Cr
Net margin -4.8%
EBITDA · FY 2025
₹99.8 Lakh
EBITDA margin 1.2%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹20.99 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
28
Provident fund records
About Aion Pipes Private Limited
Data last updated:
Aion Pipes Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 24 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25206MH2017PTC296562. Its GSTIN is 27AAPCA7365J1Z2 (Maharashtra).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Rajeev Bansal and Rajeshkumar Bansal.
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 G – 3 Ground Floor Bombay Market Tardeo Road, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.33 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹4.04 Cr (net margin -4.8%) and EBITDA of ₹99.8 Lakh (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.99 Cr on record. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹4.58 Cr; the latest was in August 2018.
Aion Pipes Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0016293). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harmanroda.com.
Company details
CIN U25206MH2017PTC296562
Registration Number 296562
Incorporation Date 24 June 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-MH-20-0016293
Recognitions & Rankings of Aion Pipes
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-20-0016293
Contact details
Aion Pipes Private Limited's registered office is in Mumbai, Maharashtra. Its website is harmanroda.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG – 3 Ground Floor Bombay Market Tardeo Road, Mumbai, Maharashtra, India – 400034
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Aion Pipes Private Limited, buy the company report.
Comprehensive company report
Aion Pipes 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 Aion Pipes is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Aion Pipes Private Limited, buy the company report.
Financials of Aion Pipes Private Limited
FY 2025 filings availableAion Pipes Private Limited reported revenue of ₹83.33 Cr (down 45% YoY) for FY 2025.
Revenue · FY 2025
₹83.33 Cr ▼ 45%
Net loss · FY 2025
₹4.04 Cr margin -4.8%
EBITDA · FY 2025
₹99.8 Lakh margin 1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 45%
3 years · compounded
▲ 15%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 89%
3 years · compounded
▼ 38%
5 years · compounded
▼ 29%
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 89% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹99.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.04 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -4.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Aion Pipes Private Limited, buy the company report.
Board of directors of Aion Pipes Private Limited
Aion Pipes has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Bansal | Director | 24 Jun 2017 | 9 Years 3 Months | Current |
| Rajeshkumar Bansal Also directs: Aion Industries Private Limited | Director | 24 Jun 2017 | 9 Years 3 Months | Current |
| Rahul Bansal Also directs: Aion Industries Private Limited | Director | 26 Jun 2017 | 9 Years 3 Months | Current |
| Rohan Bansal | Director | 29 Sep 2018 | 8 Years 0 Months | Current |
Auditor
Aion Pipes Private Limited is audited by GUPTA SARDA & BAGDIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA SARDA & BAGDIA | FY 2023 | 103447W |
Shareholding
The shareholding of Aion Pipes 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 Aion Pipes Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.99 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2023 | 100793192 | Hdfc Bank Limited | ₹97 Lakh | Open | |
| 21 Sep 2023 | 100792929 | Hdfc Bank Limited | ₹93 Lakh | Open | |
| 25 Jul 2018 | 100193438 | State Bank of India | ₹19.09 Cr | Open |
To see the full charge records of Aion Pipes Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Aion Pipes Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹4.58 Cr; the latest was in August 2018.
Total deals
3
Funding rounds
2
Rights issue
1
Disclosed funding
₹4.58 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Rights issue | ₹41 Lakh | Investors: 3 individuals |
| Mar 2018 | Funding round | ₹77.5 Lakh | Investors: 4 individuals |
To see the full deal history of Aion Pipes Private 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
No court or tribunal cases involving Aion Pipes 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 Aion Pipes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aion Pipes Private Limited has a workforce of 28 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
16.67%
GST
Aion Pipes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA7365J1Z2 | Maharashtra | Active | 06 Dec 2017 |
To see the full GST registrations and return filing status of Aion Pipes Private Limited, buy the company report.
Recent activity
Aion Pipes Private Limited has 5 board changes on record since 2017: 4 appointments and 1 cessation. The latest: Rohan Bansal ceased to be Additional Director on 30 Sep 2019.
AGM
Aion Pipes Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Aion Pipes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.97 Cr with Charge ID 100793192 was registered on 21 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.93 Cr with Charge ID 100792929 was registered on 21 Sep 2023.
Charges
A charge with State Bank Of India of Rs. 19.09 Cr registered on 25 Jul 2018 with Charge ID 100193438 was modified on 27 May 2021.
Ceased
Rohan Bansal ceased to be Additional Director.
Appointed
Rohan Bansal was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 19.09 Cr with Charge ID 100193438 was registered on 25 Jul 2018.
Appointed
Rahul Bansal was appointed as Director.
Appointed
Rajeev Bansal was appointed as Director.
Appointed
Rajeshkumar Bansal was appointed as Director.
Incorporation
24 Jun 2017
Aion Pipes Private Limited was registered on 24 Jun 2017 with Roc Mumbai & aged 9 years 4 months as per MCA records.
Frequently asked questions
Aion Pipes is an active private limited company based in Mumbai, Maharashtra, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 24 June 2017 (9+ years old) and is registered under CIN U25206MH2017PTC296562.
Aion Pipes has 4 current directors:
- Rajeev Bansal - Director
- Rajeshkumar Bansal - Director
- Rahul Bansal - Director
- Rohan Bansal - Director
The latest financial statements of Aion Pipes 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 FY 2018 are in the company report.
The GSTIN of Aion Pipes is 27AAPCA7365J1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Aion Pipes is U25206MH2017PTC296562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aion Pipes was incorporated on 24 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Aion Pipes has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹4.58 Cr; the latest was in August 2018.
Rohan Bansal ceased to be Additional Director on 30 Sep 2019. Rohan Bansal was appointed as Director on 29 Sep 2018. Rahul Bansal was appointed as Director on 26 Jun 2017. Aion Pipes has 5 board changes on record in total.
Yes, Aion Pipes is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Aion Pipes is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-20-0016293).