MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0032685
Ajy Tech India Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹71.71 Cr
▲ 73% YoY
Net profit · FY 2023
₹1.84 Cr
Net margin 2.6%
EBITDA · FY 2023
₹13.76 Cr
EBITDA margin 19.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹17.1 Lakh
Issued & subscribed
Open charges
₹55.42 Cr
Satisfied ₹3.96 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
120
Provident fund records
About Ajy Tech India Private Limited
Data last updated:
Ajy Tech India Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2011PTC065788. Its GSTIN is 24AAJCA5287D1ZQ (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹17.1 Lakh. It is led by directors including Manoj Kumar Mundhra (Managing Director) and Rajendra Kumar Gaurishankar Mundhra (Managing Director).
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 Shop No. 323 Shree Krishna Market Near Kinnary Cinema Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2023, the company reported a revenue of ₹71.71 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net profit of ₹1.84 Cr (net margin 2.6%) and EBITDA of ₹13.76 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 28% over five years.
The company has about 120 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AJY Tech. As per MCA filings, the company has open charges of ₹55.42 Cr and satisfied charges of ₹3.96 Cr on record.
Ajy Tech India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0032685). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ajytechindia.com.
Company details
CIN U17120GJ2011PTC065788
Registration Number 065788
Incorporation Date 08 June 2011
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 Medium
Udyam Registration UDYAM-GJ-22-0032685
Key People
Manoj Kumar Mundhra Managing Director Rajendra Kumar Gaurishankar Mundhra Managing Director Nandkishor Kamalkishore Mundhra Managing Director Recognitions & Rankings of Ajy Tech India
Contact details
Ajy Tech India Private Limited's registered office is in Surat, Gujarat. Its website is ajytechindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. 323 Shree Krishna Market Near Kinnary Cinema Ring Road, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production, Plastic-Based Products
To see the full contact details of Ajy Tech India Private Limited, buy the company report.
Comprehensive company report
Ajy Tech India 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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Brands
Ajy Tech India operates one associated brand: AJY Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of technical textiles for industries like PackTech and ProTech. | ajytechindia.com |
Financials of Ajy Tech India Private Limited
FY 2025 filings availableAjy Tech India Private Limited reported revenue of ₹71.71 Cr (up 73% YoY) for FY 2023.
Revenue · FY 2023
₹71.71 Cr ▲ 73%
Net profit · FY 2023
₹1.84 Cr margin 2.6%
EBITDA · FY 2023
₹13.76 Cr margin 19.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 32%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 124%
3 years · compounded
▲ 40%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 73% growth in the latest year. EBITDA rose 124% 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 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 | ₹71.71 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.84 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.2% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ajy Tech India Private Limited, buy the company report.
Board of directors of Ajy Tech India Private Limited
Ajy Tech India has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Mundhra | Managing Director | 08 Jun 2011 | 15 Years 4 Months | Current |
| Rajendra Kumar Gaurishankar Mundhra | Managing Director | 08 Jun 2011 | 15 Years 4 Months | Current |
| Saraswatidevi Kamalkishore Mundhra | Whole-Time Director | 26 Mar 2015 | 11 Years 6 Months | Current |
| Manju Devi Mundhra | Whole-Time Director | 26 Mar 2015 | 11 Years 6 Months | Current |
| Chinku Mundhra | Director | 10 May 2021 | 5 Years 5 Months | Current |
| Nandkishor Kamalkishore Mundhra | Managing Director | 08 Jun 2011 | 15 Years 4 Months | Current |
Auditor
Ajy Tech India Private Limited is audited by R. N. Kothari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. N. Kothari & Associates | FY 2023 | 0113318W |
Shareholding
The shareholding of Ajy Tech India 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 Ajy Tech India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹55.42 Cr
Satisfied charges
₹3.96 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Apr 2024 | 100917776 | Tamilnad Mercantile Bank Limited | ₹76.29 Lakh | Open | |
| 17 Mar 2023 | 100734096 | Others | ₹3.85 Cr | Open | |
| 29 Apr 2022 | 100575195 | Tamilnad Mercantile Bank Limited | ₹41 Lakh | Open | |
| 11 Jun 2021 | 100475317 | Tamilnad Mercantile Bank Limited | ₹5.57 Cr | Open | |
| 26 Jun 2020 | 100374222 | Tamilnad Mercantile Bank Limited | ₹83.9 Lakh | Open |
To see the full charge records of Ajy Tech India Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
No court or tribunal cases involving Ajy Tech India 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
Ajy Tech India Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sarjan Texturisers Private Limited | |||
| Globechem Imports |
To see the full MSME payment records of Ajy Tech India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ajy Tech India Private Limited has a workforce of 120 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
120
Active EPFO establishments
1
Employee growth
34.83%
GST
Ajy Tech India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA5287D1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajy Tech India Private Limited, buy the company report.
Recent activity
Ajy Tech India Private Limited has 12 board changes on record since 2011: 6 appointments and 6 cessations. The latest: Chinku Mundhra was appointed as Director on 10 May 2021.
AGM
Ajy Tech India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ajy Tech India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Tamilnad Mercantile Bank Limited of Rs. 12.00 Cr registered on 20 May 2015 with Charge ID 10574063 was modified on 24 Apr 2024.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.76 Cr with Charge ID 100917776 was registered on 02 Apr 2024.
Charges
A charge with Tamilnad Mercantile Bank Limited of Rs. 28.71 Cr registered on 04 Oct 2012 with Charge ID 10386228 was modified on 23 Mar 2024.
Charges
A charge with Others amounted to Rs. 3.85 Cr with Charge ID 100734096 was registered on 17 Mar 2023.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.41 Cr with Charge ID 100575195 was registered on 29 Apr 2022.
Charges
A charge registered on 24 Jun 2020 via Charge ID 100374219 with Tamilnad Mercantile Bank Limited was fully satisfied on 17 Aug 2021.
Charges
A charge registered on 20 Mar 2013 via Charge ID 10413195 with Tamilnad Mercantile Bank Limited was fully satisfied on 20 Jul 2021.
Charges
A charge registered on 06 Dec 2012 via Charge ID 10397547 with Tamilnad Mercantile Bank Limited was fully satisfied on 20 Jul 2021.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 5.57 Cr with Charge ID 100475317 was registered on 11 Jun 2021.
Appointed
Chinku Mundhra was appointed as Director.
20 earlier events are in the company report.
Frequently asked questions
Ajy Tech India is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 June 2011 (15+ years old) and is registered under CIN U17120GJ2011PTC065788.
Ajy Tech India has 6 current directors:
- Manoj Kumar Mundhra - Managing Director
- Rajendra Kumar Gaurishankar Mundhra - Managing Director
- Nandkishor Kamalkishore Mundhra - Managing Director
- Saraswatidevi Kamalkishore Mundhra - Whole-Time Director
- Manju Devi Mundhra - Whole-Time Director
- Chinku Mundhra - Director
The latest financial statements of Ajy Tech India 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 Ajy Tech India is 24AAJCA5287D1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Ajy Tech India is U17120GJ2011PTC065788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajy Tech India was incorporated on 08 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Chinku Mundhra was appointed as Director on 10 May 2021. Shantidevi Gaurishankar Mundhra ceased to be Whole-Time Director on 02 Jul 2019. Rajendra Kumar Gaurishankar Mundhra ceased to be Director on 13 Feb 2018. Ajy Tech India has 12 board changes on record in total.
Yes, Ajy Tech India is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0032685).
Ajy Tech India has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 May 2019.
Ajy Tech India can be reached through the website ajytechindia.com. Its registered office is in Surat, Gujarat, India.
The registered office of Ajy Tech India is at Shop No. 323 Shree Krishna Market Near Kinnary Cinema Ring Road, Surat, Gujarat, India – 395002.