MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0160209
Akar Industries Private Limited
Akar Industries Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.01 Cr
▼ 37% YoY
Net loss · FY 2024
₹26.21 Lakh
Net margin -6.5%
EBITDA · FY 2024
₹80.09 Lakh
EBITDA margin 20%
Authorised capital
₹65 Lakh
Registered with MCA
Paid-up capital
₹56.31 Lakh
Issued & subscribed
Open charges
₹10.71 Cr
Satisfied ₹9.99 Cr
Company age
38 yrs
Est. 1988
Directors on board
3
As per MCA filings
About Akar Industries Private Limited
Data last updated:
Akar Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 07 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1988PTC045799. Its GSTIN is 27AAACK2183M1ZB (Maharashtra).
The company has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹56.31 Lakh. It was formerly known as Kathiawad Investments Private Limited. It is led by directors including Rajeev Kumar Agarwala and Niharika Gupta.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 37 Sopariwala House 3rd Floor 293 Princess Street Marine Lines, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.01 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹26.21 Lakh (net margin -6.5%) and EBITDA of ₹80.09 Lakh (EBITDA margin 20%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 40% over five years.
As per MCA filings, the company has open charges of ₹10.71 Cr and satisfied charges of ₹9.99 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in November 2018. Its 3 peer companies in the Metals and Minerals industry (Metal Retail and Distribution, Other Financial Services), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Indrawati Enterprises Private Limited with revenue of ₹4.02 Cr.
Akar Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0160209). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27100MH1988PTC045799
Registration Number 045799
Incorporation Date 07 January 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0160209
CIN history
Akar Industries has one previous CIN (Corporate Identification Number): U65990MH1988PTC045799. The current CIN is U27100MH1988PTC045799, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1988PTC045799 | Current |
| U65990MH1988PTC045799 | Previous |
Recognitions & Rankings of Akar Industries
Contact details
Akar Industries Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address37 Sopariwala House 3rd Floor 293 Princess Street Marine Lines, Mumbai, Maharashtra, India – 400002
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Akar Industries Private Limited, buy the company report.
Comprehensive company report
Akar Industries 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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Business activity
The main business activity of Akar Industries is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Akar Industries Private Limited, buy the company report.
Financials of Akar Industries Private Limited
FY 2025 filings availableAkar Industries Private Limited reported revenue of ₹4.01 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹4.01 Cr ▼ 37%
Net loss · FY 2024
₹26.21 Lakh margin -6.5%
EBITDA · FY 2024
₹80.09 Lakh margin 20%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 3%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 24%
5 years · compounded
▲ 6%
Revenue fell 37% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 40%. EBITDA rose 73% 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 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 | ₹80.09 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹26.21 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20% | ||||
| Net Profit Margin | -6.5% | ||||
| 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 Akar Industries Private Limited, buy the company report.
Board of directors of Akar Industries Private Limited
Akar Industries has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Kumar Agarwala Also directs: Bhagwati Devcon LLP | Director | 14 May 2012 | 14 Years 5 Months | Current |
| Niharika Gupta Also directs: Aurangabad Forging Private Limited | Director | 14 May 2012 | 14 Years 5 Months | Current |
| Usha Narendrakumar Gupta Also directs: Akar Alloys Pvt Ltd, Shatrunji Investment Pvt Ltd, Lavanaya Finvest Private Limited and 1 more | Director | 28 Mar 1997 | 29 Years 7 Months | Current |
Peer comparison
Akar Industries Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Other Financial Services), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indrawati Enterprises Private Limited | ₹4.02 Cr (FY 2025) | -56.0% | Kolkata, West Bengal, India | |||
| Satelite Trade Impex Private Limited | ₹4.01 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Akar Industries Private Limitedthis company | ₹4.01 Cr (FY 2024) | -₹26.21 Lakh | -6.5% | -37.0% | Mumbai, Maharashtra, India | |
| Titan Steels Private Limited | ₹4.01 Cr (FY 2024) | -53.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Akar Industries Private Limited, buy the company report.
Auditor
Akar Industries Private Limited is audited by A. K. Bagadia & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. K. Bagadia & Co. | FY 2023 | 100486W |
Shareholding
The shareholding of Akar 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 Akar Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.71 Cr
Satisfied charges
₹9.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2024 | 100940038 | Others | ₹1.2 Cr | Open | |
| 13 Jun 2017 | 100111241 | Others | ₹9.51 Cr | Open | |
| 05 Feb 2016 | 10627554 | Karvy Financial Services Limited | ₹4.99 Cr | Satisfied | |
| 27 May 2010 | 10229030 | Kotak Mahindra Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Akar Industries Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Akar Industries Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in November 2018.
Total deals
8
Secondary share transfers
7
Funding round
1
Disclosed funding
₹1.1 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Bellon Dealoan Private Limited, Goodvalue Trexim Pvt. Ltd. , Ampoules & Auto Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Raghunandanlal Gupta HUF Seller: 2 individuals |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Raghunandanlal Gupta HUF, an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Raghunandanlal Gupta HUF Seller: an individual |
| Mar 2012 | Funding round | ₹1.1 Cr | Investors: Goodvalue Trexim Pvt. Ltd. , PDJ Exports Pvt. Ltd. , Ampoules & Auto Private Limited, an individual |
To see the full deal history of Akar Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Akar Industries Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Akar 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 Akar Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akar Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK2183M1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akar Industries Private Limited, buy the company report.
Recent activity
Akar Industries Private Limited has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Niharika Gupta ceased to be Additional Director on 29 Sep 2012.
AGM
Akar Industries Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Akar Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 120.00 Lakh with Charge ID 100940038 was registered on 30 Jun 2024.
Charges
A charge with Others of Rs. 950.50 Lakh registered on 13 Jun 2017 with Charge ID 100111241 was modified on 31 Jan 2018.
Charges
A charge registered on 27 May 2010 via Charge ID 10229030 with Kotak Mahindra Bank Limited was fully satisfied on 21 Jun 2017.
Charges
A charge with Others amounted to Rs. 950.50 Lakh with Charge ID 100111241 was registered on 13 Jun 2017.
Charges
A charge registered on 05 Feb 2016 via Charge ID 10627554 with Karvy Financial Services Limited was fully satisfied on 17 May 2017.
Charges
A charge with Karvy Financial Services Limited amounted to Rs. 499.00 Lakh with Charge ID 10627554 was registered on 05 Feb 2016.
Ceased
Niharika Gupta ceased to be Additional Director.
Ceased
Rajeev Kumar Agarwala ceased to be Additional Director.
Appointed
Niharika Gupta was appointed as Director.
Ceased
Raghunandan Lal Gupta ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Akar Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 07 January 1988 (38+ years old) and is registered under CIN U27100MH1988PTC045799.
Akar Industries has 3 current directors:
- Rajeev Kumar Agarwala - Director
- Niharika Gupta - Director
- Usha Narendrakumar Gupta - Director
The latest financial statements of Akar Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Akar Industries is 27AAACK2183M1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Akar Industries is U27100MH1988PTC045799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar Industries has 1 court case on record: 1 filed against it.
Akar Industries was incorporated on 07 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Akar Industries has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in November 2018.
The peers of Akar Industries by revenue are Indrawati Enterprises Private Limited, Satelite Trade Impex Private Limited, Titan Steels Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution, Other Financial Services), with the same principal business activity (wholesale trading).
Niharika Gupta ceased to be Additional Director on 29 Sep 2012. Rajeev Kumar Agarwala ceased to be Additional Director on 29 Sep 2012. Niharika Gupta was appointed as Director on 14 May 2012. Akar Industries has 6 board changes on record in total.
Yes, Akar Industries is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0160209).
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