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
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
Ajay Elastic Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ajayelastic.weebly.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Ajay Elastic Private Limited, buy the company report.
Comprehensive company report
Ajay Elastic Private Limited - one report that includes everything
- 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
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Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Ajay Elastic Private Limited, buy the company report.
Financials of Ajay Elastic Private Limited
FY 2025 filings availableAjay 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹15.59 Lakh | ||||
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| Net Profit (PAT) | -₹11.42 Lakh | ||||
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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 | 7.5% | ||||
| Net Profit Margin | -5.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ajay Elastic Private Limited, buy the company report.
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 |
Auditor
Ajay Elastic Private Limited is audited by PRIYAM R SHAH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRIYAM R SHAH & ASSOCIATES | FY 2020 | 118421W |
Shareholding
The shareholding of Ajay Elastic Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ajay Elastic Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ajay Elastic Private Limited 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 Ajay Elastic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajay Elastic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA0363G1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajay Elastic Private Limited, buy the company report.
Recent activity
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 14 days as per MCA records.
Frequently asked questions
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 has 3 current directors:
- Harshil Arvindbhai Patel - Director
- Maheshkumar Umakantbhai Patel - Director
- Jitendra Umakant Patel - Director
The latest financial statements of Ajay Elastic on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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.
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).
Ajay Elastic can be reached through the website ajayelastic.weebly.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Ajay Elastic is at Survey No 64402 Opp Ranjitcomplex Nr Lucky Saw Mill Patia Naroda Road Kubernagar, Ahmedabad, Gujarat, India – 382340.