MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-12-0002151
Akal Spring Ltd - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹113.93 Cr
▼ 11% YoY
Net profit · FY 2025
₹77.48 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹3.49 Cr
EBITDA margin 3.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.88 Cr
Issued & subscribed
Open charges
₹21.87 Cr
Satisfied ₹16.24 Cr
Company age
52 yrs
Est. 1974
Employees · EPFO
365
Provident fund records
About Akal Spring Ltd
Data last updated:
Akal Spring Ltd is a public limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 28 September 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U28991PB1974PLC003498. Its GSTIN is 03AABCA4456A1ZF (Punjab).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.88 Cr. It was formerly known as Akal Spring Private Limited. It is led by directors including Sandeep Riat (Managing Director) and Bidya Charan Mishra.
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 A – 8 Phase – V Focal Point Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2025, the company reported a revenue of ₹113.93 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹77.48 Lakh (net margin 0.7%) and EBITDA of ₹3.49 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 18% over five years.
The company has about 365 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Akal Spring. As per MCA filings, the company has open charges of ₹21.87 Cr and satisfied charges of ₹16.24 Cr on record. Court records list 29 cases involving the company, including 18 filed by the company and 11 filed against it; 4 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹2.76 Cr; the latest was in March 2013. Its 3 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Paharimata Engineering Private Limited with revenue of ₹114.75 Cr.
Akal Spring Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0002151). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akalspring.com.
Company details
CIN U28991PB1974PLC003498
Registration Number 003498
Incorporation Date 28 September 1974
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-12-0002151
CIN history
Akal Spring has one previous CIN (Corporate Identification Number): L28991PB1974PLC003498. The current CIN is U28991PB1974PLC003498, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28991PB1974PLC003498 | Current |
| L28991PB1974PLC003498 | Previous |
Recognitions & Rankings of Akal Spring
Contact details
Akal Spring Ltd's registered office is in Ludhiana, Punjab. Its website is akalspring.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 8 Phase – V Focal Point Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Akal Spring Ltd, buy the company report.
Comprehensive company report
Akal Spring Ltd - 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
Akal Spring operates one associated brand: Akal Spring. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Leaf springs are manufactured and supplied for commercial vehicles. | akalspring.com |
Business activity
The main business activity of Akal Spring is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Akal Spring Ltd, buy the company report.
Financials of Akal Spring Ltd
FY 2024 filings availableAkal Spring Ltd reported revenue of ₹113.93 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹113.93 Cr ▼ 11%
Net profit · FY 2025
₹77.48 Lakh margin 0.7%
EBITDA · FY 2025
₹3.49 Cr margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 11%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 8%
5 years · compounded
▲ 10%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 2% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹77.48 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Akal Spring Ltd, buy the company report.
Board of directors of Akal Spring Ltd
Akal Spring has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bidya Charan Mishra | Director | 25 Dec 2023 | 2 Years 10 Months | Current |
| Amrit Pal Riat | Director | 14 Nov 2013 | 12 Years 11 Months | Current |
| Sandeep Riat | Managing Director | 27 Aug 2005 | 21 Years 2 Months | Current |
| Jaspal Kaur Also directs: Amm and Amm Holdings Pvt Ltd, S.M.Investments Pvt Ltd | Director | 19 Apr 2004 | 22 Years 6 Months | Current |
| Naveen Kumar Aggarwal | Additional Director | 12 Nov 2024 | 1 Years 11 Months | Current |
| Sukhdev Singh | Additional Director | 12 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Akal Spring Ltd is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paharimata Engineering Private Limited | ₹114.75 Cr (FY 2024) | -21.0% | Aurangabad, Maharashtra, India | |||
| Anandji Haridas and Company Private Limited | ₹114.69 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Akal Spring Ltdthis company | ₹113.93 Cr (FY 2025) | ₹77.48 Lakh | 0.7% | -11.0% | 365 | Ludhiana, Punjab, India |
| Pritika Autocast Limited | ₹112.91 Cr (FY 2018) | 23.0% | Una, Himachal Pradesh, India |
To see the full peer comparison of Akal Spring Ltd, buy the company report.
Auditor
Akal Spring Ltd is audited by S.SOOD & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.SOOD & CO | FY 2023 | 010801N |
Shareholding
The shareholding of Akal Spring Ltd 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 Akal Spring Ltd, buy the company report.
Charges & borrowings
Open charges
₹21.87 Cr
Satisfied charges
₹16.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101116707 | Indian Bank | ₹5.75 Lakh | Open | |
| 31 Jan 2025 | 101057563 | Indian Bank | ₹6.7 Lakh | Open | |
| 16 Nov 2022 | 100648898 | Indian Bank | ₹60 Lakh | Open | |
| 05 Apr 2022 | 100558430 | Indian Bank | ₹13 Lakh | Open | |
| 24 Jan 2022 | 100530530 | Indian Bank | ₹62.13 Lakh | Open |
To see the full charge records of Akal Spring Ltd, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Akal Spring Ltd has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹2.76 Cr; the latest was in March 2013.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹2.76 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2010 | Funding round | ₹2.76 Cr | Investors: Amm & Amm Holding Private Limited, S.M Investment Private Limited, 2 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: G. S. Finance Private Limited, 3 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Akal Spring Ltd has 29 court cases on record: 18 filed by Akal Spring, 11 filed against it. 4 cases are pending and 25 are disposed.
Total cases
29
Filed by the company
18
Filed against the company
11
Pending
4
Disposed
25
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 9 | 3 |
| High courts | 6 | 2 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Amrex Marketing Private Limited | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Possible Automobiles Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by M/S. Technergy Engineering (India) Pvt. Ltd. | Disposed |
| District court, Ludhiana, Punjab | Appeal | Filed against the company by an individual | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against M/S Guru Nanak Agencies | Pending |
To see the full case history of Akal Spring Ltd, 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 Akal Spring Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akal Spring Ltd has a workforce of 365 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
365
Active EPFO establishments
1
Employee growth
5.19%
GST
Akal Spring has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA4456A1ZF | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akal Spring Ltd, buy the company report.
Recent activity
Akal Spring Ltd has 11 board changes on record since 2004: 6 appointments and 5 cessations. The latest: Naveen Kumar Aggarwal was appointed as Additional Director on 12 Nov 2024.
Charges
A charge with Indian Bank amounted to Rs. 0.06 Cr with Charge ID 101116707 was registered on 21 May 2025.
Charges
A charge with Indian Bank amounted to Rs. 0.07 Cr with Charge ID 101057563 was registered on 31 Jan 2025.
Appointed
Naveen Kumar Aggarwal was appointed as Additional Director.
Appointed
Sukhdev Singh was appointed as Additional Director.
AGM
Akal Spring Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Bidya Charan Mishra ceased to be Additional Director.
Filing
Akal Spring Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge registered on 29 Feb 2020 via Charge ID 100360431 with Axis Bank Limited was fully satisfied on 04 Mar 2024.
Charges
A charge with Indian Bank of Rs. 18.50 Cr registered on 08 Mar 2018 with Charge ID 100166346 was modified on 26 Dec 2023.
Appointed
Bidya Charan Mishra was appointed as Director.
Charges
A charge with Indian Bank amounted to Rs. 0.60 Cr with Charge ID 100648898 was registered on 16 Nov 2022.
Ceased
Harpreet Kaur Riat ceased to be Additional Director.
38 earlier events are in the company report.
Frequently asked questions
Akal Spring is an active public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 28 September 1974 (52+ years old) and is registered under CIN U28991PB1974PLC003498.
Akal Spring has 6 current directors:
- Sandeep Riat - Managing Director
- Bidya Charan Mishra - Director
- Amrit Pal Riat - Director
- Jaspal Kaur - Director
- Naveen Kumar Aggarwal - Additional Director
- Sukhdev Singh - Additional Director
The latest financial statements of Akal Spring 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.
The GSTIN of Akal Spring is 03AABCA4456A1ZF, registered in Punjab.
The CIN (Corporate Identification Number) of Akal Spring is U28991PB1974PLC003498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akal Spring has 29 court cases on record: 18 filed by the company and 11 filed against it. 4 are pending. Most are in the district courts.
Akal Spring was incorporated on 28 September 1974, making it 52+ years old. It is registered with the Registrar of Companies, Chandigarh.
Akal Spring has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹2.76 Cr; the latest was in March 2013.
The peers of Akal Spring by revenue are Paharimata Engineering Private Limited, Anandji Haridas and Company Private Limited, Pritika Autocast Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products).
Naveen Kumar Aggarwal was appointed as Additional Director on 12 Nov 2024. Sukhdev Singh was appointed as Additional Director on 12 Nov 2024. Bidya Charan Mishra ceased to be Additional Director on 29 Sep 2024. Akal Spring has 11 board changes on record in total.
Yes, Akal Spring is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0002151).