Ajanta Cycles Pvt Ltd
About Ajanta Cycles Pvt Ltd
Data last updated:
Ajanta Cycles Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 28 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35923PB1988PTC008182. Its GSTIN is 03AABCA5302K1Z7 (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.08 Lakh. It is led by directors Revat Behal and Satish Behal.
Its last annual general meeting (AGM) was held on 08 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at E – 168 Phase IV Focal Point, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.34 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹6.62 Lakh (net margin -1.2%) and EBITDA of ₹8.99 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹57.25 Lakh and satisfied charges of ₹40.25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ajanta Cycles Pvt Ltd's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE – 168 Phase IV Focal Point, Ludhiana, Punjab, India – 141010
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ajanta Cycles Pvt Ltd, 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 Ajanta Cycles is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ajanta Cycles Pvt Ltd, buy the company report.
Financials of Ajanta Cycles Pvt Ltd
FY 2025 filings availableAjanta Cycles Pvt Ltd reported revenue of ₹5.34 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 17% growth in the latest year. EBITDA rose 196% 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 | ₹8.99 Lakh | ||||
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| Net Profit (PAT) | -₹6.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | -1.2% | ||||
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To see the full financial statements and ratios of Ajanta Cycles Pvt Ltd, buy the company report.
Board of directors of Ajanta Cycles Pvt Ltd
Ajanta Cycles has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Revat Behal | Director | 11 Sep 2007 | 19 Years 1 Months | Current |
| Satish Behal | Director | 15 Nov 1989 | 36 Years 11 Months | Current |
Peer comparison
Ajanta Cycles Pvt Ltd is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Cycles, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D P Ispat Private Limited | ₹5.38 Cr (FY 2024) | 49.0% | Nagpur, Maharashtra, India | |||
| Ajanta Cycles Pvt Ltdthis company | ₹5.34 Cr (FY 2025) | -₹6.62 Lakh | -1.2% | 17.0% | Ludhiana, Punjab, India | |
| SND Steelwool Abressive Private Limited | ₹5.33 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India | |||
| Maadurga Steel Industries Private Limited | ₹5.31 Cr (FY 2025) | -22.0% | Village Alipur, Delhi, India |
To see the full peer comparison of Ajanta Cycles Pvt Ltd, buy the company report.
Auditor
Ajanta Cycles Pvt Ltd is audited by P C GOYAL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P C GOYAL & CO | FY 2021 | 002368N |
Shareholding
The shareholding of Ajanta Cycles Pvt Ltd is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ajanta Cycles Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2024 | 100994921 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 05 Dec 2012 | 10396816 | Hdfc Bank Limited | ₹35 Lakh | Open | |
| 14 Dec 1993 | 90183719 | Director of Industries | ₹2.25 Lakh | Open | |
| 24 Sep 2002 | 90183022 | Bank of India | ₹30 Lakh | Satisfied | |
| 11 Dec 1993 | 90181874 | Bank of India | ₹2.25 Lakh | Satisfied |
To see the full charge records of Ajanta Cycles Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Ajanta Cycles Pvt Ltd 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 Ajanta Cycles Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajanta Cycles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA5302K1Z7 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajanta Cycles Pvt Ltd, buy the company report.
Recent activity
Ajanta Cycles Pvt Ltd has 3 board changes on record since 1989: 2 appointments and 1 cessation. The latest: Sham Lal Bansal ceased to be Director on 08 Dec 2008.
12 earlier events are in the company report.
Frequently asked questions
Ajanta Cycles is an active private limited company based in Ludhiana, Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 28 March 1988 (38+ years old) and is registered under CIN U35923PB1988PTC008182.
Ajanta Cycles has 2 current directors:
- Revat Behal - Director
- Satish Behal - Director
The latest financial statements of Ajanta Cycles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajanta Cycles is 03AABCA5302K1Z7, registered in Punjab.
The CIN (Corporate Identification Number) of Ajanta Cycles is U35923PB1988PTC008182. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajanta Cycles was incorporated on 28 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ajanta Cycles by revenue are D P Ispat Private Limited, SND Steelwool Abressive Private Limited, Maadurga Steel Industries Private Limited, all in the Metals and Minerals industry (Cycles, Steel), with the same principal business activity (metal and metal products).
Sham Lal Bansal ceased to be Director on 08 Dec 2008. Revat Behal was appointed as Director on 11 Sep 2007. Satish Behal was appointed as Director on 15 Nov 1989.
The registered office of Ajanta Cycles is at E – 168 Phase IV Focal Point, Ludhiana, Punjab, India – 141010.
Ajanta Cycles operates in the metals and minerals industry, in the steel manufacturing and processing segment.
Ajanta Cycles has open charges of ₹57.25 Lakh and satisfied charges of ₹40.25 Lakh as per latest MCA filings.