About Akar Limited
Data last updated:
Akar Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 14 January 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U22219MH1987PLC042216. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.48 Cr. It was formerly known as Akar Print & Pack Private Limited. It is led by directors including Ashokkumar Jain (Managing Director) and Rahul Ashok Jain (Whole-Time Director).
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 704 Shree Sai Corporate Park Laxmi Nagar Off Link Road Goregaon (W), Mumbai, Maharashtra, India – 400104.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.5 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹38.06 Lakh (net margin -0.8%) and EBITDA of ₹3.6 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 17% over five years.
The company has about 312 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.07 Cr and satisfied charges of ₹47.07 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akar.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address704 Shree Sai Corporate Park Laxmi Nagar Off Link Road Goregaon (W), Mumbai, Maharashtra, India – 400104
- IndustryPackaging, Industrial Packaging Solutions
- 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 Akar Limited
The main business activity of Akar is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media | 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.
Auditor Details of Akar Limited
Akar Limited is audited by AJMERA AJMERA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AJMERA AJMERA AND ASSOCIATES | 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 Akar Limited
Akar has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashokkumar Jain Also directs: Hansuka Ventures LLP, Medicca Press Limited, Neuroblok Technologies Private Limited and 2 more | Managing Director | 14 Jan 1987 | 39 Years 8 Months | Current |
| Mahesh Jashvantrai Desai Also directs: Medicca Press Limited | Director | 31 Mar 2006 | 20 Years 6 Months | Current |
| Sunil Gopal Shikarkhane Also directs: Medicca Press Limited | Director | 03 Apr 1994 | 32 Years 6 Months | Current |
| Rahul Ashok Jain Also directs: Hansuka Ventures LLP, Akar Hospitality Management Services Limited, Medicca Press Limited and 3 more | Whole-Time Director | 01 Mar 2004 | 22 Years 7 Months | Current |
| Deepak Jayant Patil Also directs: Medicca Press Limited | Director | 23 Feb 2023 | 3 Years 7 Months | Current |
| Ruhan Ashok Hansuka | Director | 30 Sep 2015 | 11 Years 0 Months | Current |
Financials of Akar Limited FY 2024 filings available
Akar Limited reported revenue of ₹46.5 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Akar Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 3% growth in the latest year. EBITDA fell 4% 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 Akar 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 | ₹3.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹38.06 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Akar Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.8% | •••• | •••• | •••• | •••• |
| 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 Akar 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.
Ownership and Shareholding of Akar 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 Akar Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Oct 2025 | Hdfc Bank Limited | ₹16.5 Lakh | Open |
| 24 Oct 2024 | Hdfc Bank Limited | ₹19.99 Lakh | Open |
| 22 Oct 2024 | Hdfc Bank Limited | ₹17.95 Lakh | Open |
| 28 Aug 2024 | Others | ₹72.87 Lakh | Open |
| 15 Dec 2022 | Others | ₹68.2 Lakh | Open |
Total charge records: 49 View all charges
Employees and EPFO Compliance at Akar Limited
Akar Limited has a workforce of 312 employees as of Apr 06, 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.
GST Compliance of Akar Limited
Akar has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
Credit Ratings, Litigation & Regulatory Alerts for Akar 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 Akar 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 Akar 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.
MCA Filings & Documents of Akar 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.
Recent Activity on Akar Limited
Frequently Asked Questions about Akar Limited
Akar is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 14 January 1987 (39+ years old) and is registered under CIN U22219MH1987PLC042216.
Akar reported revenue of ₹46.5 Cr for FY 2024 (up 3% YoY).
Akar has 6 current directors:
- Ashokkumar Jain - Managing Director
- Rahul Ashok Jain - Whole-Time Director
- Mahesh Jashvantrai Desai - Director
- Sunil Gopal Shikarkhane - Director
- Deepak Jayant Patil - Director
- Ruhan Ashok Hansuka - Director
Akar reported a net loss of ₹38.06 Lakh (net margin -0.8%) and EBITDA of ₹3.6 Cr (EBITDA margin 7.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Akar is 34% over three years and 17% over five years. In the latest year (FY 2024) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
No. Akar has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Akar is U22219MH1987PLC042216. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar was incorporated on 14 January 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Akar can be reached through the website akar.co.in. Its registered office is in Mumbai, Maharashtra, India.