About Aj Technovations Private Limited
Data last updated:
Aj Technovations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 12 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2016PTC091600. Its GSTIN is 24AAOCA3012D1ZA (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashish Jobanputra Mukundray and Mukundray Jobanputra Ramjibhai.
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 603 Iscon Emporio Besides Star India Bazar Jodhpur Cross Roads Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.76 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹10.89 Lakh (net margin 1%) and EBITDA of ₹34.85 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 22% over five years.
The company is associated with 1 brand: AJ Technovations. As per MCA filings, the company has open charges of ₹1.31 Cr and satisfied charges of ₹1.27 Cr 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 ajtechnovations.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address603 Iscon Emporio Besides Star India Bazar Jodhpur Cross Roads Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
- 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 Aj Technovations Private Limited
The main business activity of Aj Technovations is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Aj Technovations Private Limited FY 2025 filings available
Aj Technovations Private Limited reported revenue of ₹10.76 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Aj Technovations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 27% growth in the latest year. EBITDA rose 15% 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 Aj Technovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹34.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.89 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 Aj Technovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Aj Technovations are in the company report.
Financial statements from FY 2017
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 Aj Technovations Private Limited
Aj Technovations Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Industrial Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Metfraa Steel Buildings Private Limited | ₹10.79 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Hosur Hydraulics Private Limited | ₹10.79 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Chennai, Tamil Nadu, India |
| Aryans Powertech Private Limited | ₹10.79 Cr (FY 2025) | •••• | •••• | 154.0% | •••• | New Delhi, Delhi, India |
| Eco Tech Private Limited | ₹10.77 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Sujal Exim India Private Limited | ₹10.76 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Kolkata, West Bengal, India |
| Aj Technovations Private Limited this company | ₹10.76 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Ahmedabad, Gujarat, India |
| Bhartia Bright & Seamless Steels Ltd | ₹10.76 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Savid Actuators Private Limited | ₹10.74 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Vadodara, Gujarat, India |
| Shah Caster Private Limited | ₹10.74 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Raipur, Chhattisgarh, India |
| Biotage India Private Limited | ₹10.72 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Constro Systems & Engineers Private Limited | ₹10.69 Cr (FY 2024) | •••• | •••• | 187.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Aj Technovations by revenue in the Machinery and Equipment industry (Foundry and Fabrication, Industrial Products Retail and Distribution), 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 Aj Technovations Private Limited
Aj Technovations Private Limited is audited by Parth P. Shah & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Parth P. Shah & Co. | 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 Aj Technovations Private Limited
Aj Technovations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Jobanputra Mukundray Also directs: Emporio Owners Association | Director | 12 Apr 2016 | 10 Years 5 Months | Current |
| Mukundray Jobanputra Ramjibhai | Director | 12 Apr 2016 | 10 Years 5 Months | Current |
Ownership and Shareholding of Aj Technovations Private 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 Aj Technovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Mar 2024 | Others | ₹1.31 Cr | Open |
| 26 Mar 2021 | Others | ₹66 Lakh | Satisfied |
| 10 Oct 2018 | Others | ₹61.27 Lakh | Satisfied |
Total charge records: 3 View all charges
MSME Payment Delays by Aj Technovations Private Limited
Aj Technovations Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 16 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Instamod Air Pipe Private Limited | •••• | •••• | •••• |
| Exal Corporation | •••• | •••• | •••• |
| Kaeser Compressors (India) Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| M/S Abs Automation | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Aj Technovations Private Limited
Aj Technovations operates one associated brand: AJ Technovations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Authorized dealing in industrial compressors, piping, and related services in Ahmedabad. | ajtechnovations.com |
Employees and EPFO Compliance at Aj Technovations Private Limited
Employment history and EPFO contributions of people linked to Aj Technovations.
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.
Recent Activity on Aj Technovations Private Limited
Aj Technovations Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Ashish Jobanputra Mukundray was appointed as Director on 12 Apr 2016.
Credit Ratings, Litigation & Regulatory Alerts for Aj Technovations Private 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.
Subsidiaries & Group Companies of Aj Technovations Private 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 Aj Technovations Private Limited
Aj Technovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCA3012D1ZA | Gujarat | Active | 01 Jul 2017 |
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 Aj Technovations Private 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 Aj Technovations Private Limited
Aj Technovations is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 12 April 2016 (10+ years old) and is registered under CIN U51909GJ2016PTC091600.
Aj Technovations reported revenue of ₹10.76 Cr for FY 2024 (up 27% YoY).
Aj Technovations has 2 current directors:
- Ashish Jobanputra Mukundray - Director
- Mukundray Jobanputra Ramjibhai - Director
Aj Technovations reported a net profit of ₹10.89 Lakh (net margin 1%) and EBITDA of ₹34.85 Lakh (EBITDA margin 3.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aj Technovations is 29% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aj Technovations is 24AAOCA3012D1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Aj Technovations is U51909GJ2016PTC091600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aj Technovations was incorporated on 12 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Aj Technovations by revenue are Metfraa Steel Buildings Private Limited, Hosur Hydraulics Private Limited, Aryans Powertech Private Limited, Eco Tech Private Limited, Sujal Exim India Private Limited and 5 more, all in the Machinery and Equipment industry (Foundry and Fabrication, Industrial Products Retail and Distribution).
Ashish Jobanputra Mukundray was appointed as Director on 12 Apr 2016. Mukundray Jobanputra Ramjibhai was appointed as Director on 12 Apr 2016.
Aj Technovations has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 16 overdue payments to 6 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Aj Technovations can be reached through the website ajtechnovations.com. Its registered office is in Ahmedabad, Gujarat, India.