MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0201692
Ajay Elastic Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.09 Cr
▲ 10% YoY
Net loss · FY 2025
₹11.42 Lakh
Net margin -5.5%
EBITDA · FY 2025
₹15.59 Lakh
EBITDA margin 7.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹35.06 Lakh
Issued & subscribed
Company age
22 yrs
Est. 2004
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ajay Elastic Private Limited
Data last updated:
Ajay Elastic Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17299GJ2004PTC044872. Its GSTIN is 24AAFCA0363G1Z5 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹35.06 Lakh. It is led by directors including Harshil Arvindbhai Patel and Maheshkumar Umakantbhai Patel.
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 Survey No 6440/2 Opp Ranjitcomplex Nr Lucky Saw Mill Patia Naroda Road Kubernagar, Ahmedabad, Gujarat, India – 382340.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.09 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹11.42 Lakh (net margin -5.5%) and EBITDA of ₹15.59 Lakh (EBITDA margin 7.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 17% over five years.
Ajay Elastic Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0201692). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ajayelastic.weebly.com.
Company Details of Ajay Elastic Private Limited
CIN U17299GJ2004PTC044872
Registration Number 044872
Incorporation Date 08 October 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0201692
Key People
Harshil Arvindbhai Patel Director Maheshkumar Umakantbhai Patel Director Jitendra Umakant Patel Director Recognitions & Rankings of Ajay Elastic
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No 6440/2 Opp Ranjitcomplex Nr Lucky Saw Mill Patia Naroda Road Kubernagar, Ahmedabad, Gujarat, India – 382340
- IndustryManufacturing, Textile & Fabric Production
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Business Activity of Ajay Elastic Private Limited
The main business activity of Ajay Elastic is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Ajay Elastic Private Limited FY 2025 filings available
Ajay Elastic Private Limited reported revenue of ₹2.09 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹2.09 Cr ▲ 10%
Net loss · FY 2025
₹11.42 Lakh margin -5.5%
EBITDA · FY 2025
₹15.59 Lakh margin 7.5%
Compounded Annual Growth Rate (CAGR) of Ajay Elastic Private Limited
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▼ 11%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▲ 413%
3 years · compounded
▲ 61%
5 years · compounded
▼ 6%
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA rose 413% 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 Ajay Elastic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹15.59 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.42 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 Ajay Elastic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Ajay Elastic are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Ajay Elastic Private Limited
Ajay Elastic has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshil Arvindbhai Patel | Director | 20 Jul 2023 | 3 Years 3 Months | Current |
| Maheshkumar Umakantbhai Patel Also directs: Kyada Corporation LLP | Director | 08 Oct 2004 | 22 Years 0 Months | Current |
| Jitendra Umakant Patel Also directs: Kyada Corporation LLP | Director | 08 Oct 2004 | 22 Years 0 Months | Current |
Peer Comparison of Ajay Elastic Private Limited
Ajay Elastic Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jiwarajka Industries Private Limited | ₹2.09 Cr (FY 2023) | •••• | •••• | -64.0% | •••• | Mumbai, Maharashtra, India |
| Mrad Digital Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | 711.0% | •••• | Surat, Gujarat, India |
| Bintex Corporates Private Limited | ₹2.09 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Indore, Madhya Pradesh, India |
| Jai Matadi Textiles Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Navapur, Maharashtra, India |
| Shri Natraj Poly-Fab Pvt Ltd | ₹2.09 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Surat, Gujarat, India |
| Ajay Elastic Private Limited this company | ₹2.09 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Maheshwari Cottex Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Ludhiana, Punjab, India |
| Sahil Cotex Private Limited | ₹2.09 Cr (FY 2024) | •••• | •••• | -71.0% | •••• | Dhule, Maharashtra, India |
| Zelcy Clothing Private Limited | ₹2.08 Cr (FY 2023) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Satrangi Textiles Private Limited | ₹2.08 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Bhilwara, Rajasthan, India |
| Special Yarns Pvt Ltd | ₹2.08 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Ajay Elastic by revenue in the Manufacturing industry (Textiles), 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 Ajay Elastic Private Limited
Ajay Elastic Private Limited is audited by PRIYAM R SHAH & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRIYAM R SHAH & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Ajay Elastic Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Ajay Elastic Private Limited
Ajay Elastic Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ajay Elastic Private Limited
Employment history and EPFO contributions of people linked to Ajay Elastic.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Ajay Elastic Private Limited
Ajay Elastic Private Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Harshil Arvindbhai Patel was appointed as Director on 20 Jul 2023.
AGM
Ajay Elastic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ajay Elastic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Harshil Arvindbhai Patel was appointed as Director.
Ceased
Ashok Umakant Patel ceased to be Director.
Ceased
Daksha Mahesh Patel ceased to be Director.
Ceased
Shardaben Jitendrabhai Patel ceased to be Director.
Appointed
Jitendra Umakant Patel was appointed as Director.
Appointed
Maheshkumar Umakantbhai Patel was appointed as Director.
Incorporation
08 Oct 2004
Ajay Elastic Private Limited was registered on 08 Oct 2004 with Roc Ahmedabad & aged 22 years 13 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Ajay Elastic Private Limited
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MSME Payment Delays by Ajay Elastic Private Limited
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Subsidiaries & Group Companies of Ajay Elastic Private Limited
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GST Compliance of Ajay Elastic Private Limited
Ajay Elastic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA0363G1Z5 | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Ajay Elastic Private Limited
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Frequently Asked Questions about Ajay Elastic Private Limited
Ajay Elastic is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 October 2004 (22+ years old) and is registered under CIN U17299GJ2004PTC044872.
Ajay Elastic reported revenue of ₹2.09 Cr for FY 2025 (up 10% YoY).
Ajay Elastic has 3 current directors:
- Harshil Arvindbhai Patel - Director
- Maheshkumar Umakantbhai Patel - Director
- Jitendra Umakant Patel - Director
Ajay Elastic reported a net loss of ₹11.42 Lakh (net margin -5.5%) and EBITDA of ₹15.59 Lakh (EBITDA margin 7.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ajay Elastic is -11% over three years and -17% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ajay Elastic is 24AAFCA0363G1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Ajay Elastic is U17299GJ2004PTC044872. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajay Elastic was incorporated on 08 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ajay Elastic by revenue are Jiwarajka Industries Private Limited, Mrad Digital Private Limited, Bintex Corporates Private Limited, Jai Matadi Textiles Private Limited, Shri Natraj Poly-Fab Pvt Ltd and 5 more, all in the Manufacturing industry (Textiles).
Harshil Arvindbhai Patel was appointed as Director on 20 Jul 2023. Ashok Umakant Patel ceased to be Director on 31 Mar 2023. Daksha Mahesh Patel ceased to be Director on 31 Dec 2016. Ajay Elastic has 6 board changes on record in total.
Yes, Ajay Elastic is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0201692).