About Ajay Synthetics Private Limited
Data last updated:
Ajay Synthetics Private Limited is a private limited company based in Bhilwara, Rajasthan, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 July 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U24203RJ1987PTC004035. Its GSTIN is 08AABCA2289D1ZW (Rajasthan).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors Ajay Kabra and Kailash Devi Kabra.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mandpia Chauraha Chittor Road Mandpam, Bhilwara, Rajasthan, India – 311001.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.48 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹36.15 Lakh (net margin -14.5%) and EBITDA of ₹30.87 Lakh (EBITDA margin 12.4%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
As per MCA filings, the company has satisfied charges of ₹23.09 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rrsuitings.com.
Company details
Contact details
Ajay Synthetics Private Limited's registered office is in Bhilwara, Rajasthan. Its website is rrsuitings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMandpia Chauraha Chittor Road Mandpam, Bhilwara, Rajasthan, India – 311001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ajay Synthetics 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 Synthetics 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 Ajay Synthetics Private Limited, buy the company report.
Financials of Ajay Synthetics Private Limited
FY 2019 filings availableAjay Synthetics Private Limited reported revenue of ₹2.48 Cr (down 87% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 87% fall in the latest year. EBITDA rose 102% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹30.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹36.15 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | ||||
| Net Profit Margin | -14.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ajay Synthetics Private Limited, buy the company report.
Board of directors of Ajay Synthetics Private Limited
Ajay Synthetics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kabra | Director | 05 Aug 2006 | 20 Years 3 Months | Current |
| Kailash Devi Kabra | Director | 28 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
Ajay Synthetics Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Bapna Projects Private Limited | ₹2.49 Cr (FY 2025) | 14.0% | Jaipur, Rajasthan, India | |||
| John Phillipe Corp Private Limited | ₹2.49 Cr (FY 2019) | -43.0% | Bhilwara, Rajasthan, India | |||
| Ajay Synthetics Private Limitedthis company | ₹2.48 Cr (FY 2019) | -₹36.15 Lakh | -14.5% | -87.0% | Bhilwara, Rajasthan, India | |
| Sita Polyweave Private Limited | ₹2.48 Cr (FY 2023) | -35.0% | Surat, Gujarat, India | |||
| Shree Radha Raman Processors Private Limited | ₹2.48 Cr (FY 2025) | -13.0% | Amritsar, Punjab, India | |||
| Sarthi Processors Private Limited | ₹2.47 Cr (FY 2025) | 17.0% | Surat, Gujarat, India | |||
| Perpleplus Fashion Private Limited | ₹2.47 Cr (FY 2025) | 41.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Ajay Synthetics Private Limited, buy the company report.
Auditor
Ajay Synthetics Private Limited is audited by S P CHOWDHARY & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P CHOWDHARY & ASSOCIATES | FY 2019 | 016487C |
Shareholding
The shareholding of Ajay Synthetics Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ajay Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2015 | 10556769 | Rajasthan State Industrial Development and Investment Corporation Ltd | ₹1.9 Cr | Satisfied | |
| 30 Oct 2014 | 10540936 | Punjab National Bank | ₹1.5 Cr | Satisfied | |
| 03 Jan 2013 | 10395327 | Rajasthan State Industrial Development and Investment Corporation Ltd | ₹2 Cr | Satisfied | |
| 20 Nov 2009 | 10185033 | Rajasthan State Industrial Development and Investment Corporation Ltd | ₹4.02 Cr | Satisfied | |
| 26 Mar 2007 | 10041000 | Rajasthan State Industrial Development and Investment Corporation Ltd | ₹60 Lakh | Satisfied |
To see the full charge records of Ajay Synthetics Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Ajay Synthetics Private Limited has 7 court cases on record: 5 filed by Ajay Synthetics, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhilwara, Rajasthan | Civil suit | Filed against the company by M/S BSL Ltd. C/O Senior Manager | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against State and Ors | Disposed |
| High Court | Writ petition | Filed by the company against State and Ors | Disposed |
| High Court | Writ petition | Filed by the company against State of Raj. and Ors. | Disposed |
To see the full case history of Ajay Synthetics 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.
Credit ratings & regulatory alerts
Ajay Synthetics Private Limited was last rated by Care on 23 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 Aug 2021 |
To see the full credit ratings and regulatory alerts of Ajay Synthetics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ajay Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajay Synthetics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCA2289D1ZW | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajay Synthetics Private Limited, buy the company report.
Recent activity
Ajay Synthetics Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Kailash Devi Kabra ceased to be Additional Director on 30 Sep 2015.
23 earlier events are in the company report.
Frequently asked questions
Ajay Synthetics is an active private limited company based in Bhilwara, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 July 1987 (39+ years old) and is registered under CIN U24203RJ1987PTC004035.
Ajay Synthetics has 2 current directors:
- Ajay Kabra - Director
- Kailash Devi Kabra - Director
The latest financial statements of Ajay Synthetics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajay Synthetics is 08AABCA2289D1ZW, registered in Rajasthan.
The CIN (Corporate Identification Number) of Ajay Synthetics is U24203RJ1987PTC004035. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajay Synthetics has 7 court cases on record: 5 filed by the company and 2 filed against it. Most are in the high courts.
Ajay Synthetics was incorporated on 22 July 1987, making it 39+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Ajay Synthetics by revenue are Bapna Projects Private Limited, John Phillipe Corp Private Limited, Sita Polyweave Private Limited, Shree Radha Raman Processors Private Limited, Sarthi Processors Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kailash Devi Kabra ceased to be Additional Director on 30 Sep 2015. Kailash Devi Kabra was appointed as Director on 28 Feb 2015. Om Prakash Kabra ceased to be Director on 28 Feb 2015. Ajay Synthetics has 4 board changes on record in total.
Ajay Synthetics can be reached through the website rrsuitings.com. Its registered office is in Bhilwara, Rajasthan, India.
The registered office of Ajay Synthetics is at Mandpia Chauraha Chittor Road Mandpam, Bhilwara, Rajasthan, India – 311001.
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