About Akaar Founders Private Limited
Data last updated:
Akaar Founders Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 07 March 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1983PTC005202. Its GSTIN is 29AACCA3753D1ZW (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹18.06 Lakh. It is led by directors including Ashim Ashok Kamat (Managing Director) and Vaishali Ashok Kamat.
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 M – 31 Industrial Estate Udyambag Belgaum, Karnataka, India – 590008.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.62 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹2.64 Cr (net margin 15%) and EBITDA of ₹4.12 Cr (EBITDA margin 23.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 22% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.39 Cr and satisfied charges of ₹90.7 Lakh on record. Court records list 7 cases involving the company, including 4 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akaarfounders.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressM – 31 Industrial Estate Udyambag Belgaum, Karnataka, India – 590008
- IndustryMachinery and Equipment, Industrial Tools & Components, Industrial Machine Tools
- 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 Akaar Founders Private Limited
The main business activity of Akaar Founders is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Akaar Founders Private Limited FY 2024 filings available
Akaar Founders Private Limited reported revenue of ₹17.62 Cr (down 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Akaar Founders Private Limited
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 58% 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 Akaar Founders Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹4.12 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.64 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 of Akaar Founders Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15% | •••• | •••• | •••• | •••• |
| 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 Akaar Founders 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 Akaar Founders Private Limited
Akaar Founders Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools, Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wahi Akita Fine Blanking Private Limited | ₹17.69 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | New Delhi, Delhi, India |
| Durelo Tools & Equipments Private Limited | ₹17.69 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Delhi, India |
| Monocraft Private Limited | ₹17.67 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Shapar, Gujarat, India |
| Renuka Precision Systems Private Limited | ₹17.66 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| Aashirwad Filcomps Private Limited | ₹17.64 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Faridabad, Haryana, India |
| Akaar Founders Private Limited this company | ₹17.62 Cr (FY 2024) | •••• | •••• | -42.0% | •••• | Belgaum, Karnataka, India |
| Major Singh & Bros. Private Limited | ₹17.62 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Ludhiana, Punjab, India |
| Micro Screw Manufacturing Company Private Limited | ₹17.61 Cr (FY 2021) | •••• | •••• | -11.0% | •••• | Miragaon, Maharashtra, India |
| Omg Auto Mould Private Limited | ₹17.59 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Vasai, Thane, Maharashtra, India |
| Merind Automotive Private Limited | ₹17.55 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Chennai, Tamil Nadu, India |
| Bhavsar Foundries Private Limited | ₹17.54 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Ahmednagar, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Akaar Founders by revenue in the Machinery and Equipment industry (Machine Tools, Tools and Components), 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 Akaar Founders Private Limited
Akaar Founders Private Limited is audited by RAVINDRA POTDAR & COMPANY for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAVINDRA POTDAR & COMPANY | 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 Akaar Founders Private Limited
Akaar Founders has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaishali Ashok Kamat | Director | 07 Mar 1983 | 43 Years 7 Months | Current |
| Ashim Ashok Kamat Also directs: Curiosity Itech Private Limited | Managing Director | 01 Jul 2011 | 15 Years 3 Months | Current |
| Ratnakar Mankad | Director | 30 Sep 2005 | 21 Years 0 Months | Current |
| Bhagyashree Ashim Kamat | Director | 25 Jul 2015 | 11 Years 2 Months | Current |
Ownership and Shareholding of Akaar Founders Private 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 Akaar Founders Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 2023 | Hdfc Bank Limited | ₹3 Cr | Open |
| 31 Oct 2022 | Hdfc Bank Limited | ₹40 Lakh | Open |
| 12 Dec 2012 | Canara Bank | ₹9.5 Lakh | Open |
| 28 Mar 2012 | Canara Bank | ₹27 Lakh | Open |
| 01 Jul 2011 | Canara Bank | ₹50 Lakh | Open |
Total charge records: 13 View all charges
Legal Cases of Akaar Founders Private Limited
Akaar Founders Private Limited has 7 court cases on record: 4 filed by Akaar Founders, 1 filed against it, 2 where it is another party. 2 cases are pending and 5 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Court case (R.A.) | Filed by the company against Innova Engineering Private Limited | Disposed |
| District court, Pune, Maharashtra | Commercial suit | Company is another party | Pending |
| District court, Kolhapur, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Commercial Taxes | Disposed |
Full case history
All 7 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 Akaar Founders Private Limited
Akaar Founders Private Limited has a workforce of 30 employees as of Apr 09, 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.
CIN History of Akaar Founders Private Limited
Akaar Founders has one previous CIN (Corporate Identification Number): U27101KA1983PTC005202. The current CIN is U85110KA1983PTC005202, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1983PTC005202 | Current |
| U27101KA1983PTC005202 | Previous |
Recent Activity on Akaar Founders Private Limited
Akaar Founders Private Limited has 8 board changes on record since 1983: 4 appointments and 4 cessations. The latest: Bhagyashree Ashim Kamat ceased to be Additional Director on 25 Sep 2015.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Akaar Founders Private 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 Akaar Founders Private 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 Akaar Founders Private 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 Akaar Founders Private Limited
Akaar Founders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCA3753D1ZW | Karnataka | Active | 01 Jul 2017 |
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 Akaar Founders Private 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 Akaar Founders Private Limited
Akaar Founders is an active private limited company based in Belgaum, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 07 March 1983 (43+ years old) and is registered under CIN U85110KA1983PTC005202.
Akaar Founders reported revenue of ₹17.62 Cr for FY 2024 (down 42% YoY).
Akaar Founders has 4 current directors:
- Ashim Ashok Kamat - Managing Director
- Vaishali Ashok Kamat - Director
- Ratnakar Mankad - Director
- Bhagyashree Ashim Kamat - Director
Akaar Founders reported a net profit of ₹2.64 Cr (net margin 15%) and EBITDA of ₹4.12 Cr (EBITDA margin 23.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Akaar Founders is 29% over three years and 22% over five years. In the latest year (FY 2024) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Akaar Founders is 29AACCA3753D1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Akaar Founders is U85110KA1983PTC005202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akaar Founders has 7 court cases on record: 4 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Akaar Founders was incorporated on 07 March 1983, making it 43+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Akaar Founders by revenue are Wahi Akita Fine Blanking Private Limited, Durelo Tools & Equipments Private Limited, Monocraft Private Limited, Renuka Precision Systems Private Limited, Aashirwad Filcomps Private Limited and 5 more, all in the Machinery and Equipment industry (Machine Tools, Tools and Components).
Bhagyashree Ashim Kamat ceased to be Additional Director on 25 Sep 2015. Bhagyashree Ashim Kamat was appointed as Director on 25 Jul 2015. Ashok Laxman Kamat ceased to be Managing Director on 12 Jul 2014. Akaar Founders has 8 board changes on record in total.