About Ajay Sarees Private Limited
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Ajay Sarees Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the footwear retail and distribution segment of the consumer goods sector. It was incorporated on 17 October 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH1988PTC049245. Its GSTIN is 27AAACA6907B1Z4 (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.4 Cr. It is led by directors including Janardan Radheshyam Lath and Rajeshkumar Radheshyam Lath.
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 D A Building 1st Floor Narottam Wadi 381 Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.81 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.61 Lakh (net margin 0.1%) and EBITDA of ₹14.12 Lakh (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 2% over five years.
Court records list 19 cases involving the company, including 17 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ajaysarees.com.
Company details
Contact details
Ajay Sarees Private Limited's registered office is in Mumbai, Maharashtra. Its website is ajaysarees.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD A Building 1st Floor Narottam Wadi 381 Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Footwear Retail & Distribution
To see the full contact details of Ajay Sarees 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 Ajay Sarees is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ajay Sarees Private Limited, buy the company report.
Financials of Ajay Sarees Private Limited
FY 2025 filings availableAjay Sarees Private Limited reported revenue of ₹19.81 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 4% fall in the latest year. EBITDA fell 39% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹14.12 Lakh | ||||
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| Net Profit (PAT) | ₹1.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Ajay Sarees Private Limited, buy the company report.
Board of directors of Ajay Sarees Private Limited
Ajay Sarees has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janardan Radheshyam Lath | Director | 02 Apr 1993 | 33 Years 7 Months | Current |
| Rajeshkumar Radheshyam Lath | Director | 02 Apr 1993 | 33 Years 7 Months | Current |
| Sureshkumar Radheshyam Lath | Director | 17 Oct 1988 | 38 Years 0 Months | Current |
Peer comparison
Ajay Sarees Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Sarees, Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mohitcorp Polytex Private Limited | ₹19.91 Cr (FY 2025) | 107.0% | Surat, Gujarat, India | |||
| Purusham Garments Private Limited | ₹19.89 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Alankit Exports Private Limited | ₹19.88 Cr (FY 2017) | -44.0% | Mumbai, Maharashtra, India | |||
| Ajay Sarees Private Limitedthis company | ₹19.81 Cr (FY 2024) | ₹1.61 Lakh | 0.1% | -4.0% | Mumbai, Maharashtra, India | |
| Ambajee Cotex Private Limited | ₹19.79 Cr (FY 2024) | 9.0% | Kolkata, West Bengal, India | |||
| Vasurupa Sarees Private Limited | ₹19.78 Cr (FY 2025) | 17.0% | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of Ajay Sarees Private Limited, buy the company report.
Auditor
Ajay Sarees Private Limited is audited by S K JHUNJHUNWALA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K JHUNJHUNWALA & CO | FY 2019 | 104259W |
Shareholding
The shareholding of Ajay Sarees Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ajay Sarees Private Limited, buy the company report.
Legal cases
Ajay Sarees Private Limited has 19 court cases on record: 17 filed by Ajay Sarees, 2 filed against it. 2 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 2 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Set India Pvt. Limited.. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (ALP) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against an individual | Disposed |
To see the full case history of Ajay Sarees 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 Ajay Sarees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajay Sarees has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA6907B1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajay Sarees Private Limited, buy the company report.
Recent activity
Ajay Sarees Private Limited has 5 board changes on record since 1988: 4 appointments and 1 cessation. The latest: Mahendra Lath ceased to be Director on 22 Sep 2011.
Frequently asked questions
Ajay Sarees is an active private limited company based in Mumbai, Maharashtra, India. The company works in footwear retail and distribution, within the consumer goods industry. It was incorporated on 17 October 1988 (38+ years old) and is registered under CIN U18101MH1988PTC049245.
Ajay Sarees has 3 current directors:
- Janardan Radheshyam Lath - Director
- Rajeshkumar Radheshyam Lath - Director
- Sureshkumar Radheshyam Lath - Director
The latest financial statements of Ajay Sarees 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 Sarees is 27AAACA6907B1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ajay Sarees is U18101MH1988PTC049245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajay Sarees has 19 court cases on record: 17 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Ajay Sarees was incorporated on 17 October 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ajay Sarees by revenue are Mohitcorp Polytex Private Limited, Purusham Garments Private Limited, Alankit Exports Private Limited, Ambajee Cotex Private Limited, Vasurupa Sarees Private Limited, all in the Consumer Products industry (Sarees, Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Mahendra Lath ceased to be Director on 22 Sep 2011. Janardan Radheshyam Lath was appointed as Director on 02 Apr 1993. Rajeshkumar Radheshyam Lath was appointed as Director on 02 Apr 1993. Ajay Sarees has 5 board changes on record in total.
Ajay Sarees can be reached through the website ajaysarees.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ajay Sarees is at D A Building 1st Floor Narottam Wadi 381 Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
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