MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GA-01-0012644
Airtech Composite Materials India Private Limited - plastics in Salcete, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹35.18 Cr
▲ 4033% YoY
Net loss · FY 2026
₹7.95 Cr
Net margin -22.6%
EBITDA · FY 2026
₹5.66 Cr
EBITDA margin 16.1%
Authorised capital
₹90.25 Cr
Registered with MCA
Paid-up capital
₹90.15 Cr
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Airtech Composite Materials India Private Limited
Data last updated:
Airtech Composite Materials India Private Limited is a foreign private limited company based in Salcete, Goa, India, a subsidiary of Airtech Advanced Materials Uk Ltd(Formerly Tygavac Advanced Materials Ltd). It operates in the manufacturing segment of the plastics and polymers sector. It was incorporated on 17 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U25209GA2021FTC015032. Its GSTIN is 30AAWCA1262B1Z5 (Goa).
The company has an authorised share capital of ₹90.25 Cr and a paid-up capital of ₹90.15 Cr. It is led by directors Kerry Ann Lee and Kapil Anil Borkar.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No 258 / 1 – G, Verna Industrial Estate Arealoutolim Salcete Taluka Goa – 403718., Goa, India – 403718.
As per the financials filed for FY 2026, the company reported a revenue of ₹35.18 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹7.95 Cr (net margin -22.6%) and EBITDA of ₹5.66 Cr (EBITDA margin 16.1%).
As per MCA filings, the company has open charges of ₹1 Cr on record.
Airtech Composite Materials India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GA-01-0012644). For more details, the company can be reached via its website airtech.com.
Company Details of Airtech Composite Materials India Private Limited
CIN U25209GA2021FTC015032
Registration Number 015032
Incorporation Date 17 November 2021
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Airtech Advanced Materials Uk Ltd(Formerly Tygavac Advanced Materials Ltd)
MSME Classification MSME
Udyam Registration UDYAM-GA-01-0012644
Key People
Kerry Ann Lee Director Kapil Anil Borkar Director Recognitions & Rankings of Airtech Composite Materials India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No 258 / 1 – G, Verna Industrial Estate Arealoutolim Salcete Taluka Goa – 403718., Goa, India – 403718
- IndustryPlastics, Manufacturing, Tank, Plastic, Pvc, Synthetic
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Business Activity of Airtech Composite Materials India Private Limited
The main business activity of Airtech Composite Materials India is manufacturing. In detail, this covers other manufacturing.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Airtech Composite Materials India Private Limited FY 2025 filings available
Airtech Composite Materials India Private Limited reported revenue of ₹35.18 Cr (up 4033% YoY) for FY 2026.
Revenue · FY 2026
₹35.18 Cr ▲ 4033%
Net loss · FY 2026
₹7.95 Cr margin -22.6%
EBITDA · FY 2026
₹5.66 Cr margin 16.1%
Financial Statement Summary of Airtech Composite Materials India Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹5.66 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.95 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Airtech Composite Materials India Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -22.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Airtech Composite Materials India are in the company report.
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Financial statements from FY 2022
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Board of Directors of Airtech Composite Materials India Private Limited
Airtech Composite Materials India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kerry Ann Lee | Director | 17 Nov 2021 | 4 Years 11 Months | Current |
| Kapil Anil Borkar | Director | 17 Nov 2021 | 4 Years 11 Months | Current |
Peer Comparison of Airtech Composite Materials India Private Limited
Airtech Composite Materials India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Airtech Composite Materials India Private Limited this company | ₹35.18 Cr (FY 2026) | •••• | •••• | 4033.0% | •••• | Salcete, Goa, India |
| Opacus Agro Paradise Private Limited | ₹85.95 Lakh (FY 2025) | •••• | •••• | -36.0% | •••• | Faridabad, Haryana, India |
| Al Tech Sealing Solution India Private Limited | ₹85.94 Lakh (FY 2025) | •••• | •••• | -24.0% | •••• | New Delhi, Delhi, India |
| Kunjbihari Engineers Private Limited | ₹85.67 Lakh (FY 2025) | •••• | •••• | 7.0% | •••• | Delhi, India |
| Zimmer Construction Private Limited | ₹85.55 Lakh (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Khimjibhai Mills Private Limited | ₹85.48 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Belgaum, Karnataka, India |
| Anantaa GSK Ijbelectric Private Limited | ₹85.06 Lakh (FY 2024) | •••• | •••• | 2349.0% | •••• | Delhi, India |
| Brass Bronze and Copper Cast India Private Limited | ₹84.98 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Karnataka, India |
| Aag Engineering Technologies Private Limited | ₹84.93 Lakh (FY 2025) | •••• | •••• | 30.0% | •••• | Mumbai, Maharashtra, India |
| Cassius Clay Private Limited | ₹84.89 Lakh (FY 2024) | •••• | •••• | 112.0% | •••• | Pune, Maharashtra, India |
| Bhise Ceramics P Ltd | ₹84.46 Lakh (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Airtech Composite Materials India by revenue in the same principal business activity (Other manufacturing), 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 Airtech Composite Materials India Private Limited
Airtech Composite Materials India Private Limited is audited by Sharp & Tannan Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sharp & Tannan Chartered Accountants | Locked | Locked | Locked |
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Ownership and Shareholding of Airtech Composite Materials India Private Limited
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Charges & Borrowings of Airtech Composite Materials India Private Limited
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Dec 2023 | The Hongkong and Shanghai Banking Corporation Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Airtech Composite Materials India Private Limited
Airtech Composite Materials India Private Limited has a workforce of 0 employees as of Mar 26, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Airtech Composite Materials India Private Limited
Airtech Composite Materials India Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Kapil Anil Borkar was appointed as Director on 17 Nov 2021.
AGM
Airtech Composite Materials India Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Filing
Airtech Composite Materials India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 1.00 Cr with Charge ID 100835957 was registered on 09 Dec 2023.
Appointed
Kapil Anil Borkar was appointed as Director.
Appointed
Kerry Ann Lee was appointed as Director.
Incorporation
17 Nov 2021
Airtech Composite Materials India Private Limited was registered on 17 Nov 2021 with Roc Goa & aged 4 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Airtech Composite Materials India Private Limited
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MSME Payment Delays by Airtech Composite Materials India Private Limited
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Subsidiaries & Group Companies of Airtech Composite Materials India Private Limited
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GST Compliance of Airtech Composite Materials India Private Limited
Airtech Composite Materials India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAWCA1262B1Z5 | Goa | Active | 26 Aug 2022 |
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MCA Filings & Documents of Airtech Composite Materials India Private Limited
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Frequently Asked Questions about Airtech Composite Materials India Private Limited
Airtech Composite Materials India is an active foreign private limited company based in Salcete, Goa, India. The company works in manufacturing, within the plastics industry. It was incorporated on 17 November 2021 (5+ years old) and is registered under CIN U25209GA2021FTC015032.
Airtech Composite Materials India reported revenue of ₹35.18 Cr for FY 2026 (up 4033% YoY).
Airtech Composite Materials India has 2 current directors:
- Kerry Ann Lee - Director
- Kapil Anil Borkar - Director
Airtech Composite Materials India reported a net loss of ₹7.95 Cr (net margin -22.6%) and EBITDA of ₹5.66 Cr (EBITDA margin 16.1%) for FY 2026, as per its filed financial statements.
The GSTIN of Airtech Composite Materials India is 30AAWCA1262B1Z5, registered in Goa.
The CIN (Corporate Identification Number) of Airtech Composite Materials India is U25209GA2021FTC015032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airtech Composite Materials India was incorporated on 17 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Airtech Composite Materials India by revenue are Opacus Agro Paradise Private Limited, Al Tech Sealing Solution India Private Limited, Kunjbihari Engineers Private Limited, Zimmer Construction Private Limited, Khimjibhai Mills Private Limited and 5 more, all in the same principal business activity (Other manufacturing).
Kapil Anil Borkar was appointed as Director on 17 Nov 2021. Kerry Ann Lee was appointed as Director on 17 Nov 2021.
Yes, Airtech Composite Materials India is registered as an MSME under Udyam registration (number: UDYAM-GA-01-0012644).
Airtech Composite Materials India can be reached through the website airtech.com. Its registered office is in Salcete, Goa, India.