Ajit Wire Industries Private Limited
About Ajit Wire Industries Private Limited
Data last updated:
Ajit Wire Industries Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 02 September 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31300MH1971PTC015317. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Nishit Vijaygopal Atal and Neelesh Dharampal Hanswani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Nashik, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.27 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹61.59 Lakh (net margin 48.5%) and EBITDA of ₹82.45 Lakh (EBITDA margin 65%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 60% over five years.
As per MCA filings, the company has open charges of ₹1.55 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ajit Wire Industries Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 1 Sumangal Heights, Sadhu Vasavani Road Holaram Colony, Nashik, Maharashtra, India – 422001
- IndustryManufacturing, Cable & Wire
To see the full contact details of Ajit Wire Industries 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 Ajit Wire Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ajit Wire Industries Private Limited, buy the company report.
Financials of Ajit Wire Industries Private Limited
FY 2024 filings availableAjit Wire Industries Private Limited reported revenue of ₹1.27 Cr (up 2710% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years. 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 | ₹82.45 Lakh | ||||
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| Net Profit (PAT) | ₹61.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 65% | ||||
| Net Profit Margin | 48.5% | ||||
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To see the full financial statements and ratios of Ajit Wire Industries Private Limited, buy the company report.
Board of directors of Ajit Wire Industries Private Limited
Ajit Wire Industries has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nishit Vijaygopal Atal Also directs: Tanu Reality LLP, Abh Builders and Developers LLP, Abh Legacy Luxe Properties LLP and 4 more | Additional Director | 25 Jan 2024 | 2 Years 9 Months | Current |
| Neelesh Dharampal Hanswani Also directs: D J Constructions (Nasik) Private Limited | Additional Director | 25 Jan 2024 | 2 Years 9 Months | Current |
| Prashant Mohanlal Bagmar Also directs: Tanu Reality LLP, Abh Builders and Developers LLP, Abh Legacy Luxe Properties LLP and 5 more | Additional Director | 25 Jan 2024 | 2 Years 9 Months | Current |
| Ritesh Dharmapal Hansawani Also directs: Tanu Reality LLP, Abh Builders and Developers LLP, Abh Legacy Luxe Properties LLP and 3 more | Additional Director | 25 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Ajit Wire Industries Private Limited is audited by TRALSAWALA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TRALSAWALA ASSOCIATES | FY 2023 | 0118548W |
Shareholding
The shareholding of Ajit Wire Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ajit Wire Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 1986 | 90164778 | Indian Bank | ₹1.15 Cr | Open | |
| 15 Feb 1973 | 90164577 | Indian Bank | ₹40 Lakh | Open |
To see the full charge records of Ajit Wire Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ajit Wire Industries Private Limited has 6 court cases on record: 3 filed by Ajit Wire Industries, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against P.M.Elecro Auto Pvt.Ltd. | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against H.M.P. Engineers Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Income Tax Cases) | Filed against the company by an individual | Disposed |
To see the full case history of Ajit Wire Industries 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 Ajit Wire Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajit Wire Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ajit Wire Industries Private Limited, buy the company report.
Recent activity
Ajit Wire Industries Private Limited has 7 board changes on record since 2020: 4 appointments and 3 cessations. The latest: Jaya Keshavsinh Kapadia ceased to be Director on 25 Jan 2024.
2 earlier events are in the company report.
Frequently asked questions
Ajit Wire Industries is an active private limited company based in Nashik, Maharashtra, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 02 September 1971 (55+ years old) and is registered under CIN U31300MH1971PTC015317.
Ajit Wire Industries has 4 current directors:
- Nishit Vijaygopal Atal - Additional Director
- Neelesh Dharampal Hanswani - Additional Director
- Prashant Mohanlal Bagmar - Additional Director
- Ritesh Dharmapal Hansawani - Additional Director
The latest financial statements of Ajit Wire Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Ajit Wire Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ajit Wire Industries is U31300MH1971PTC015317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajit Wire Industries has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the district courts.
Ajit Wire Industries was incorporated on 02 September 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
Jaya Keshavsinh Kapadia ceased to be Director on 25 Jan 2024. Neela Keshavsing Kapadia ceased to be Director on 25 Jan 2024. Neelesh Dharampal Hanswani was appointed as Additional Director on 25 Jan 2024. Ajit Wire Industries has 7 board changes on record in total.
The registered office of Ajit Wire Industries is at Shop No. 1 Sumangal Heights, Sadhu Vasavani Road Holaram Colony, Nashik, Maharashtra, India – 422001.
Ajit Wire Industries operates in the manufacturing industry, in the cable and wire segment.