About Ais Adhesives Limited
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Ais Adhesives Limited was a public limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the glass and products segment of the manufacturing sector. It was incorporated on 18 March 1996.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U26101DL1996PLC301151. Its GSTIN is 07AABCA1026E1ZF (Delhi). The company held 8 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.2 Cr. It was formerly known as Als Welkin Auto Glass Services Limited. It was led by directors including Vikram Khanna and Gopal Ganatra.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at A – 2/10 1st Floor Whs Dda Marble Market Kirti Nagar, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.69 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹6.21 Cr (net margin 16.5%) and EBITDA of ₹8.8 Cr (EBITDA margin 23.3%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 11% over five years.
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Asahi India Glass Ltd. As per MCA filings, the company had satisfied charges of ₹5.06 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.5 Cr; the latest was in February 2024. Its 7 peer companies in the Manufacturing industry (Adhesives, Glass Works, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 3 smaller; the largest is Eiko Lifesciences Limited with revenue of ₹38.38 Cr. The company has 4 MSME Form 1 returns on record between 2020 and 2022, listing 24 overdue payments to 4 micro and small suppliers.
The last known website on record is aisglass.com.
Company details
CIN history
Ais Adhesives has one previous CIN (Corporate Identification Number): U26101HP1996PLC017879. The current CIN is U26101DL1996PLC301151, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26101DL1996PLC301151 | Current |
| U26101HP1996PLC017879 | Previous |
Contact details
Ais Adhesives Limited's registered office is in New Delhi, Delhi. Its website is aisglass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 2/10 1st Floor Whs Dda Marble Market Kirti Nagar, New Delhi, Delhi, India – 110015
- IndustryManufacturing, Glass & Products
To see the full contact details of Ais Adhesives 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
Ais Adhesives operates one associated brand: Asahi India Glass Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Various glass types are manufactured for automotive and architectural uses. | aisglass.com |
Business activity
The main business activity of Ais Adhesives is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Ais Adhesives Limited, buy the company report.
Financials of Ais Adhesives Limited
FY 2024 filings availableAis Adhesives Limited reported revenue of ₹37.69 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 9% growth in the latest year. EBITDA rose 27% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
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| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.21 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.3% | ||||
| Net Profit Margin | 16.5% | ||||
| 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 Ais Adhesives Limited, buy the company report.
Board of directors of Ais Adhesives Limited
Ais Adhesives has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Khanna Also directs: Ais Consumer Glass Solutions Limited, Shield Autoglass Limited | Director | 01 Oct 2011 | 15 Years 1 Months | As last reported |
| Gopal Ganatra Also directs: Ais Consumer Glass Solutions Limited, Shield Autoglass Limited, Integrated Glass Materials Limited and 1 more | Director | 30 Mar 2015 | 11 Years 7 Months | As last reported |
| Rupinder Shelly Also directs: Ais Consumer Glass Solutions Limited, Shield Autoglass Limited | Director | 27 Feb 2024 | 2 Years 8 Months | As last reported |
Peer comparison
Ais Adhesives Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Adhesives, Glass Works, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eiko Lifesciences Limited | ₹38.38 Cr (FY 2025) | 37.0% | Thane, Maharashtra, India | |||
| Leomine Organics Private Limited | ₹38.15 Cr (FY 2025) | 82.0% | Mumbai, Maharashtra, India | |||
| Resipol Adhesives Private Limited | ₹38.08 Cr (FY 2025) | -64.0% | Kadi, Gujarat, India | |||
| Indo Speciality Chemicals Private Limited | ₹37.93 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| Ais Adhesives Limitedthis company | ₹37.69 Cr (FY 2024) | ₹6.21 Cr | 16.5% | 9.0% | 8 | New Delhi, Delhi, India |
| Fasto Advance Materials India Private Limited | ₹37.57 Cr (FY 2025) | 97.0% | Ahmedabad, Gujarat, India | |||
| Himachal Terepene Products Pvt Ltd | ₹37.51 Cr (FY 2024) | 9.0% | Himachal Pardesh, Himachal Pradesh, India | |||
| Vinni Chemicals Pvt Ltd | ₹37.31 Cr (FY 2025) | 2.0% | Delhi, India |
To see the full peer comparison of Ais Adhesives Limited, buy the company report.
Auditor
Ais Adhesives Limited is audited by A. SHARMA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. SHARMA & CO. | FY 2023 | 002642N |
Shareholding
The shareholding of Ais Adhesives 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 Ais Adhesives Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2012 | 10349158 | Yes Bank Limited | ₹2.5 Cr | Satisfied | |
| 16 Dec 2006 | 10035430 | Centurion Bank of Punjab Limited | ₹2.36 Cr | Satisfied | |
| 11 Sep 2004 | 80023462 | The Jammu and Kashmir Bank Ltd. | ₹20 Lakh | Satisfied |
To see the full charge records of Ais Adhesives Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Ais Adhesives Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.5 Cr; the latest was in February 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: Asahi India Glass Limited Seller: Map Holdings Limited |
| Jun 2008 | Funding round | ₹1.5 Cr | Investors: Asahi India Glass Limited , Map Holdings Limited , Others AIS Adhesives Limited, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ais Adhesives Limited has 3 court cases on record: 1 filed by Ais Adhesives, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| District court, Jaipur Metro II, Rajasthan | Court case (Labour / Industrial Main Case) | Filed against the company by an individual | Disposed |
To see the full case history of Ais Adhesives 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
Ais Adhesives Limited has 4 MSME Form 1 returns on record between 2020 and 2022, listing 24 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Union Rubber Mills | |||
| an individual supplier | |||
| an individual supplier | |||
| Focus Inbox Packaging Private Limited |
To see the full MSME payment records of Ais Adhesives Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ais Adhesives Limited has a workforce of 8 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ais Adhesives has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCA1026E1ZF | Delhi | Active | 01 Jul 2017 |
| 06AABCA1026E1ZH | Haryana | Active | 01 Jul 2017 |
| 06AABCA1026E2ZG | Haryana | Active | 29 Sep 2017 |
To see the full GST registrations and return filing status of Ais Adhesives Limited, buy the company report.
Recent activity
Ais Adhesives Limited has 14 board changes on record since 2008: 3 appointments and 11 cessations. The latest: Rupinder Shelly ceased to be Additional Director on 23 Sep 2024.
12 earlier events are in the company report.
News
Frequently asked questions
Ais Adhesives has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ais Adhesives was a public limited company based in New Delhi, Delhi, India. The company worked in glass and products, within the manufacturing industry. It was incorporated on 18 March 1996 and is registered under CIN U26101DL1996PLC301151. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ais Adhesives was incorporated on 18 March 1996. It is registered with the Registrar of Companies, Delhi.
Ais Adhesives had 3 directors:
- Vikram Khanna - Director
- Gopal Ganatra - Director
- Rupinder Shelly - Director
The CIN (Corporate Identification Number) of Ais Adhesives is U26101DL1996PLC301151. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ais Adhesives is at A – 210 1st Floor Whs Dda Marble Market Kirti Nagar, New Delhi, Delhi, India – 110015.
Ais Adhesives can be reached through the website aisglass.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Ais Adhesives on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ais Adhesives is 07AABCA1026E1ZF, registered in Delhi. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 06AABCA1026E1ZH (Haryana), 06AABCA1026E2ZG (Haryana).
Ais Adhesives operated in the manufacturing industry, in the glass and products segment.
Ais Adhesives has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.5 Cr; the latest was in February 2024.
The peers of Ais Adhesives by revenue are Eiko Lifesciences Limited, Leomine Organics Private Limited, Resipol Adhesives Private Limited, Indo Speciality Chemicals Private Limited, Fasto Advance Materials India Private Limited and 2 more, all in the Manufacturing industry (Adhesives, Glass Works, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
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