About Ajel Limited
Data last updated:
Ajel Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 17 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1994PLC076637. Its GSTIN is 27AAACC2757K3ZH (Maharashtra). The company holds 3 GST registrations, of which 1 is active. Its shares are listed on BSE: 530713.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.65 Cr. It was formerly known as Choksh Infotech Limited and Choksh Securities Company Limited. It is led by directors including Srinivasa Reddy Arikatla (Managing Director) and Harshana Antharaji (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 January 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 106 2nd Floor Mahadashopping Compelx New Link Rd Jogeshwari, Mumbai, Maharashtra, India – 400102.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.14 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net profit of ₹81 Lakh (net margin 10%) and EBITDA of ₹89.7 Lakh (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 4% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ajel. As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it; 2 cases are pending. The company has 29 deals on record (29 market trades); the latest was in December 2024. Its 10 peer companies in the Information Technology industry (Application Development, IT Consulting and Services, NBFC Investment and Credit Companies) are compared by revenue, 5 larger and 5 smaller; the largest is Kusalava Finance Limited with revenue of ₹8.15 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ajel.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address106 2nd Floor Mahadashopping Compelx New Link Rd Jogeshwari, Mumbai, Maharashtra, India – 400102
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Ajel Limited
The main business activity of Ajel is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ajel Limited FY 2024 filings available
Ajel Limited reported revenue of ₹8.14 Cr (up 96% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ajel Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 96% growth in the latest year. EBITDA rose 346% 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 Ajel Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹89.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹81 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 Ajel Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10% | •••• | •••• | •••• | •••• |
| 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 Ajel are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ajel Limited
Ajel Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and Services, NBFC Investment and Credit Companies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kusalava Finance Limited | ₹8.15 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Andhra Pradesh, India |
| Big Blue Infotech Private Limited | ₹8.15 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | New Delhi, Delhi, India |
| Blue Chip Computer Consultants Pvt Ltd | ₹8.15 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| I.C.S. Technology Services Private Limited | ₹8.14 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Hyderabad, Telangana, India |
| Windowmaker Software Private Limited | ₹8.14 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Vadodara, Gujarat, India |
| Ajel Limited this company | ₹8.14 Cr (FY 2023) | •••• | •••• | 96.0% | •••• | Mumbai, Maharashtra, India |
| Simility Software Services India Private Limited | ₹8.13 Cr (FY 2018) | •••• | •••• | 59.0% | •••• | Hyderabad, Telangana, India |
| Aha Holdings Private Limited | ₹8.13 Cr (FY 2019) | •••• | •••• | 76.0% | •••• | Mumbai, Maharashtra, India |
| Daulat Financial Services Pvt Ltd | ₹8.13 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Kolkata, West Bengal, India |
| Narinder Singh and Sons Pvt Ltd | ₹8.13 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
| Ace Televoice and Services Private Limited | ₹8.13 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ajel by revenue in the Information Technology industry (Application Development, IT Consulting and Services, NBFC Investment and Credit Companies), 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 Ajel Limited
Ajel Limited is audited by Ramesh Athasniya & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ramesh Athasniya & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ajel Limited
Ajel has 7 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasa Reddy Arikatla Also directs: Ajel Technologies India Private Limited | Managing Director | 14 Jul 2008 | 18 Years 2 Months | Current |
| Harshana Antharaji Also directs: Ajel Technologies India Private Limited | Whole-Time Director | 14 Mar 2016 | 10 Years 6 Months | Current |
| Ramarao Madasu Also directs: Qvalfocus India Private Limited | Director | 11 Nov 2022 | 3 Years 11 Months | Current |
| Vuppuluri Lakshmi Narayan Also directs: Sun Business Solutions Private Limited | Additional Director | 20 Nov 2025 | 0 Years 10 Months | Current |
| Kanteti Usha Rani Also directs: Supra Capital Solutions Private Limited | Additional Director | 20 Nov 2025 | 0 Years 10 Months | Current |
| Venkata Satyanarayana Reddy Chintakuntla Also directs: Neuberg Life Sciences Private Limited | Director | 10 Jul 2023 | 3 Years 3 Months | Current |
Ownership and Shareholding of Ajel Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ajel Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2023 | Others | ₹5 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Ajel Limited
Ajel Limited has 29 deals on record (29 market trades); the latest was in December 2024.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Market trade | ₹24.4 Lakh | Buyer: Arun Maheshwari Huf Seller: Tilottama Holdings Pvt Ltd |
| Dec 2023 | Market trade | ₹16.5 Lakh | Buyer: Omshanti Heights Private Limited Seller: an individual |
| Jun 2012 | Market trade | ₹10.3 Lakh | Buyer: Tilottama Holdings Pvt Ltd Seller: Kanodia Investment Advisory Private Limited |
| Mar 2011 | Market trade | ₹24.2 Lakh | Buyer: Kanodia Investment Advisory Private Limited Seller: Tilottama Holdings Pvt Ltd |
| Aug 2010 | Market trade | ₹21.8 Lakh | Seller: Aadesh Commodities Private Limited |
Full deal history
All 29 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ajel Limited
Ajel Limited has 9 court cases on record: 4 filed by Ajel, 5 filed against it. 2 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed by the company against Krishna Sulochana Wellness Private Limited | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed against the company by Toyota Financial Services India Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Tran Appln IT) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Tran Appln IT) | Filed against the company by an individual | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ajel Limited
Ajel Limited has a workforce of 0 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Ajel Limited
Ajel has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ajel Technologies India Private Limited | U72200TG2003PTC041332 | Locked |
Showing major subsidiaries. Total: 1.
Name History of Ajel Limited
Ajel has undergone 3 name changes throughout its history. The company was previously known as Choksh Infotech Limited, Choksh Securities Company Limited, and Ajel Infotech Limited. The current legal name is Ajel Limited.
| Company Name | Status |
|---|---|
| Ajel Limited | Current |
| Choksh Infotech Limited | Previous |
| Choksh Securities Company Limited | Previous |
| Ajel Infotech Limited | Previous |
CIN History of Ajel Limited
Ajel has one previous CIN (Corporate Identification Number): U67120MH1994PLC076637. The current CIN is L67120MH1994PLC076637, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120MH1994PLC076637 | Current |
| U67120MH1994PLC076637 | Previous |
News related to Ajel Limited
Recent Activity on Ajel Limited
Ajel Limited has 72 board changes on record since 1994: 40 appointments and 32 cessations. The latest: Lourthuraj Mariya Sharivn Jeffrzy was appointed as Additional Director on 27 Mar 2026.
64 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ajel Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ajel Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ajel Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ajel Limited
Ajel has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC2757K3ZH | Maharashtra | Active | 27 Feb 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ajel Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ajel Limited
Ajel is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 17 February 1994 (32+ years old) and is registered under CIN L67120MH1994PLC076637. Listed on BSE: 530713.
Ajel reported revenue of ₹8.14 Cr for FY 2023 (up 96% YoY).
Ajel has 7 current directors:
- Srinivasa Reddy Arikatla - Managing Director
- Harshana Antharaji - Whole-Time Director
- Ramarao Madasu - Director
- Vuppuluri Lakshmi Narayan - Additional Director
- Kanteti Usha Rani - Additional Director
- Venkata Satyanarayana Reddy Chintakuntla - Director
- Lourthuraj Mariya Sharivn Jeffrzy - Additional Director
Ajel reported a net profit of ₹81 Lakh (net margin 10%) and EBITDA of ₹89.7 Lakh (EBITDA margin 11%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ajel is 24% over three years and 4% over five years. In the latest year (FY 2023) revenue rose 96%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ajel is 27AAACC2757K3ZH, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ajel is L67120MH1994PLC076637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ajel is listed on BSE with code 530713.
Ajel has 9 court cases on record: 4 filed by the company and 5 filed against it. 2 are pending.
Ajel was incorporated on 17 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Ajel has 29 deals on record (29 market trades); the latest was in December 2024.