Ajakson Leathers Private Limited
About Ajakson Leathers Private Limited
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Ajakson Leathers Private Limited is a private limited company based in Chandigarh, India. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 07 May 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U19129CH1987PTC007461. Its GSTIN is 03AABCA4203B1ZS (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹66.01 Lakh. It was formerly known as Ajakson Leathers Limited and Ajakson Leathers Punjab Limited. It is led by directors Sudeep Bhuler and Ragvinder Singh Bhuler.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at House No. 2 Ground Floor Sector 2A, Chandigarh, India – 160001.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.91 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹5.3 Lakh (net margin -67.1%) and EBITDA of -₹5.2 Lakh (EBITDA margin -65.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 38% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.2 Cr and satisfied charges of ₹2.3 Cr on record. Court records list 63 cases involving the company, including 1 filed by the company and 62 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Ajakson Leathers has undergone 2 name changes throughout its history. The company was previously known as Ajakson Leathers Limited, and Ajakson Leathers Punjab Limited. The current legal name is Ajakson Leathers Private Limited.
| Company Name | Status |
|---|---|
| Ajakson Leathers Private Limited | Current |
| Ajakson Leathers Limited | Previous |
| Ajakson Leathers Punjab Limited | Previous |
CIN history
Ajakson Leathers has one previous CIN (Corporate Identification Number): U19129CH1987PLC007461. The current CIN is U19129CH1987PTC007461, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U19129CH1987PTC007461 | Current |
| U19129CH1987PLC007461 | Previous |
Contact details
Ajakson Leathers Private Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address is in the company report.
- Email
- Registered AddressHouse No. 2 Ground Floor Sector 2A, Chandigarh, India – 160001
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Ajakson Leathers Private 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
Business activity
The main business activity of Ajakson Leathers is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Ajakson Leathers Private Limited, buy the company report.
Financials of Ajakson Leathers Private Limited
FY 2025 filings availableAjakson Leathers Private Limited reported revenue of ₹7.91 Lakh (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 19% fall 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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| EBITDA | -₹5.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.3 Lakh | ||||
| 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 | -65.8% | ||||
| Net Profit Margin | -67.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ajakson Leathers Private Limited, buy the company report.
Board of directors of Ajakson Leathers Private Limited
Ajakson Leathers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudeep Bhuler Also directs: Trinity Leathers Private Limited | Director | 14 Dec 2013 | 12 Years 10 Months | Current |
| Ragvinder Singh Bhuler Also directs: Trinity Leathers Private Limited | Director | 10 Dec 2012 | 13 Years 10 Months | Current |
Peer comparison
Ajakson Leathers Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avish Trends Private Limited | ₹8.92 Lakh (FY 2025) | -35.0% | Delhi, India | |||
| Ajakson Leathers Private Limitedthis company | ₹7.91 Lakh (FY 2025) | -₹5.3 Lakh | -67.1% | -19.0% | 1 | Chandigarh, India |
| Larimar Exim Private Limited | ₹7.43 Lakh (FY 2025) | 16.0% | Gurgaon, Haryana, India | |||
| S.A. Leather Sellers Limited | ₹6.91 Lakh (FY 2019) | 68.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Ajakson Leathers Private Limited, buy the company report.
Auditor
Ajakson Leathers Private Limited is audited by G K & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G K & ASSOCIATES | FY 2021 | 021699N |
Shareholding
The shareholding of Ajakson Leathers Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ajakson Leathers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2014 | 10479246 | Hdfc Bank Limited | ₹2.2 Cr | Open | |
| 13 Jul 2011 | 10300510 | Hdfc Bank Limited | ₹1.3 Cr | Satisfied | |
| 02 Apr 2008 | 10100871 | The Hongkong and Sanghai Banking Corporation | ₹1 Cr | Satisfied |
To see the full charge records of Ajakson Leathers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ajakson Leathers Private Limited has 63 court cases on record: 1 filed by Ajakson Leathers, 62 filed against it. 1 case is pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 61 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Edelweiss Retail Finance Ltd | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by CMS Impex Pvt Ltd | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Rathi Chempels Pvt Ltd | Disposed |
| District court, Faridabad, Haryana | Commercial suit | Filed against the company by Dhani Loans and Services Ltd | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Indiabulls Consumer Finance Limited | Disposed |
To see the full case history of Ajakson Leathers Private 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
No delayed payments to MSME suppliers are on our record for Ajakson Leathers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ajakson Leathers Private Limited has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Ajakson Leathers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA4203B1ZS | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajakson Leathers Private Limited, buy the company report.
Recent activity
Ajakson Leathers Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Sudeep Bhuler ceased to be Additional Director on 30 Sep 2014.
5 earlier events are in the company report.
Frequently asked questions
Ajakson Leathers is an active private limited company based in Chandigarh, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 07 May 1987 (39+ years old) and is registered under CIN U19129CH1987PTC007461.
Ajakson Leathers has 2 current directors:
- Sudeep Bhuler - Director
- Ragvinder Singh Bhuler - Director
The latest financial statements of Ajakson Leathers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajakson Leathers is 03AABCA4203B1ZS, registered in Punjab. 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 Ajakson Leathers is U19129CH1987PTC007461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajakson Leathers has 63 court cases on record: 1 filed by the company and 62 filed against it. 1 is pending. Most are in the district courts.
Ajakson Leathers was incorporated on 07 May 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ajakson Leathers by revenue are Avish Trends Private Limited, Larimar Exim Private Limited, S.A. Leather Sellers Limited, all in the Consumer Products industry (Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Sudeep Bhuler ceased to be Additional Director on 30 Sep 2014. Kanwalbir Singh Sra ceased to be Director on 14 Dec 2013. Sudeep Bhuler was appointed as Director on 14 Dec 2013. Ajakson Leathers has 8 board changes on record in total.
The registered office of Ajakson Leathers is at House No. 2 Ground Floor Sector 2A, Chandigarh, India – 160001.
Ajakson Leathers operates in the consumer goods industry, in the leather goods manufacturing segment.