Akaar Founders Private Limited

Manufacturer and exporter of process pump components and subassemblies for engineering industries.

1983 | Belgaum, Karnataka (India) | Active
Last Updated:

Akaar Founders Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 1.81 M
  • Company Age 42 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.39 Cr
  • Satisfied Charges ₹ 9.07 M
  • Revenue Growth 200.41%
  • Profit Growth 367.75%
  • Ebitda 419.33%
  • Net Worth 59.00%
  • Total Assets 62.59%

About Akaar Founders

Akaar Founders Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 March 1983 and has a history of 42 years and two months. Its registered office is in Belgaum, Karnataka, India.

The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.00 M and a paid-up capital of Rs 1.81 M.

The company currently has active open charges totaling ₹5.39 Cr. The company has closed loans amounting to ₹9.07 M, as per Ministry of Corporate Affairs (MCA) records.

Vaishali Kamat, Ratnakar Mankad, Ashim Kamat, and One other member serve as directors at the Company.

Company Details

  • Location

    Belgaum, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U85110KA1983PTC005202

  • Company No.

    005202

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 Mar 1983

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Machinery and Equipment

What products or services does Akaar Founders Private Limited offer?

Akaar Founders Private Limited offers a wide range of products and services, including Pumps, Pumping Machines & Spares, Water Pump Spare Parts, Industrial Valves & Valve Fittings, Valve Accessories, Industrial Valves, Die Casting & Investment Castings, Investment Castings, Screw Pumps, Impellers, Ball Bearings and Bearing Assemblies.

Company report

Akaar Founders Private Limited

Explore comprehensive data for Akaar Founders Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Akaar Founders?

Executive Team (1)

NameDesignationAppointment DateStatus
Ashim Kamat Country flag representing In Managing Director01-Jul-2011Current

Board Members (3)

NameDesignationAppointment DateStatus
Ratnakar Mankad Country flag representing In Director 30-Sep-2005Current
Vaishali Kamat Country flag representing In Director 07-Mar-1983Current
Bhagyashree Kamat Country flag representing In Director 25-Jul-2015Current

Financial Performance of Akaar Founders.

Akaar Founders Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 200.41% increase. The company also saw a substantial improvement in profitability, with a 367.75% increase in profit. The company's net worth Soared by an impressive increase of 59%.

Akaar Founders revenue growth over time
Akaar Founders profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
200.41%
Revenue from Operations
229.14%
Total Assets
62.59%
Profit or Loss
367.75%
Net Worth
59.00%
EBITDA
419.33%

What is the Ownership and Shareholding Structure of Akaar Founders?

In 2022, Akaar Founders had a public holding of 0.17%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹53.85 M

Satisfied Charges

₹9.07 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 3.40 Cr
  • Canara Bank : 0.87 Cr
  • State Bank Of India : 0.76 Cr
  • Karanataka State Financial Corportion : 0.37 Cr

Latest Charge Details

DateLenderAmountStatus
03 Nov 2023Hdfc Bank Limited₹3.00 CrOpen
31 Oct 2022Hdfc Bank Limited₹4.00 MOpen
12 Dec 2012Canara Bank₹0.95 MOpen
28 Mar 2012Canara Bank₹2.70 MOpen
01 Jul 2011Canara Bank₹5.00 MOpen

How Many Employees Work at Akaar Founders?

Akaar Founders has a workforce of 30 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Akaar Founders Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akaar Founders, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Akaar Founders's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Akaar Founders

Recent activity within the organization

  • Annual General Meeting

    Akaar Founders Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Akaar Founders Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 30.00 M with Charge ID 100912283 was registered on 03 Nov 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 4.00 M with Charge ID 100676656 was registered on 31 Oct 2022.

  • Director Appointment

    Bhagyashree Ashim Kamat was appointed as a Director was appointed as a Director on 25 Jul 2015 & has been associated with this company since 9 years 10 months .

  • Charges

    A charge with Canara Bank amounted to Rs. 0.95 M with Charge ID 10480948 was registered on 12 Dec 2012.

Frequently asked questions

  • What is the Incorporation or founding date of Akaar Founders Private Limited?

    Akaar Founders Private Limited was incorporated on 07 Mar 1983.

  • What is authorized share capital and paid-up capital of Akaar Founders Private Limited?

    The authorized share capital of Akaar Founders Private Limited is ₹ 2.00 M and paid-up capital is ₹ 1.81 M.

  • Who are the current board members & directors of Akaar Founders Private Limited?

    Currently 4 directors are associated with Akaar Founders Private Limited.

    • Vaishali Ashok Kamat
    • Ratnakar Mankad
    • Ashim Ashok Kamat
    • Bhagyashree Ashim Kamat

  • What is the registered address of Akaar Founders Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akaar Founders Private Limited is M-31 Industrial Estate Udyambag, Belgaum Bag India, Bag Belgaum, Karnataka, 590008.

  • What is the corporate identification number (CIN) and company number of Akaar Founders Private Limited?

    The corporate identification number (CIN) of Akaar Founders Private Limited is U85110KA1983PTC005202 and the company number is 005202 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Akaar Founders Private Limited?

    The Official website of Akaar Founders Private Limited is https://www.akaarfounders.com

  • What has been the recent revenue trend for Akaar Founders Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Akaar Founders Private Limited has risen by 200.41%.

  • How many employees does Akaar Founders Private Limited currently have?

    As Per 2022 financial reports, 30 employees are currently employed by Akaar Founders Private Limited.

  • What change has been observed in the net worth of Akaar Founders Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Akaar Founders Private Limited has experienced an upsurge of 59.00%.

  • What are the total open charges for Akaar Founders Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Akaar Founders Private Limited amount to ₹ 5.39 Cr.

  • When was the last Balance Sheet of Akaar Founders Private Limited filed with the ROC?

    The most recent Balance Sheet for Akaar Founders Private Limited was filed with the ROC on 31 Mar 2024.

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