About Akash Agro Industries Ltd
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Akash Agro Industries Ltd is a public limited company based in Bodakdev, Gujarat, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 07 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L15140GJ1991PLC015029. Its GSTIN is 24AAACA9833C1Z1 (Gujarat). The company holds 6 GST registrations, of which 3 are active. It is recorded as listed by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Manish Girishbhai Patel (Managing Director) and Falgunbhai Girishbhai Patel (Whole-Time Director).
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 103/B Shilp Aaron Near Pakwan Circle Opp.Amieda Medical Sindhu Bhavan Road, Bodakdev, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹533.98 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹3.22 Cr (net margin 0.6%) and EBITDA of ₹6.88 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 4% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Akashagroindustries. As per MCA filings, the company has open charges of ₹46 Cr and satisfied charges of ₹20.63 Cr on record. Court records list 24 cases involving the company, including 19 filed by the company and 5 filed against it; 5 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 akashagroindustries.com.
Company details
CIN history
Akash Agro Industries has one previous CIN (Corporate Identification Number): U15140GJ1991PLC015029. The current CIN is L15140GJ1991PLC015029, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15140GJ1991PLC015029 | Current |
| U15140GJ1991PLC015029 | Previous |
Contact details
Akash Agro Industries Ltd's registered office is in Bodakdev, Gujarat. Its website is akashagroindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address103/B Shilp Aaron Near Pakwan Circle Opp.Amieda Medical Sindhu Bhavan Road, Bodakdev, Gujarat, India – 380059
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Akash Agro Industries Ltd, buy the company report.
- 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
Brands
Akash Agro Industries operates one associated brand: Akashagroindustries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| akashagroindustries.com |
Business activity
The main business activities of Akash Agro Industries are manufacturing and financial and insurance service. In detail, this covers food, beverages and tobacco products and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Akash Agro Industries Ltd, buy the company report.
Financials of Akash Agro Industries Ltd
FY 2025 filings availableAkash Agro Industries Ltd reported revenue of ₹533.98 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 3% 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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| EBITDA | ₹6.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.22 Cr | ||||
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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 | 1.3% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Akash Agro Industries Ltd, buy the company report.
Board of directors of Akash Agro Industries Ltd
Akash Agro Industries has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Falgunbhai Girishbhai Patel Also directs: Shree Proteins Private Limited | Whole-Time Director | 01 Dec 2007 | 18 Years 11 Months | Current |
| Rajendra Babulal Shah Also directs: R R Securities Ltd, Shree Proteins Private Limited | Whole-Time Director | 06 Nov 1992 | 34 Years 0 Months | Current |
| Manish Girishbhai Patel Also directs: Shree Proteins Private Limited | Managing Director | 01 Nov 2003 | 23 Years 0 Months | Current |
| Jay Dipak Patel Also directs: R R Securities Ltd, Resonant Pharmaceuticals Private Limited | Director | 26 Dec 2017 | 8 Years 10 Months | Current |
| Urmilaben Pravinbhai Patel | Director | 26 Dec 2017 | 8 Years 10 Months | Current |
| Pravinbhai Jashbhai Patel Also directs: R R Securities Ltd | Director | 26 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Akash Agro Industries Ltd is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raha Oils Private Limited | ₹551.59 Cr (FY 2025) | -11.0% | Coimbatore, Tamil Nadu, India | |||
| Shiva Protein Products Private Limited | ₹546.44 Cr (FY 2025) | 9.0% | Punjab, India | |||
| Manickavel Edible Oils Private Limited | ₹545.28 Cr (FY 2025) | 16.0% | Virudhunagar, Tamil Nadu, India | |||
| Yentop Manickam Edible Oils Private Limited | ₹541.61 Cr (FY 2025) | 11.0% | Virudhunagar, Tamil Nadu, India | |||
| Akash Agro Industries Ltdthis company | ₹533.98 Cr (FY 2025) | ₹3.22 Cr | 0.6% | -1.0% | 4 | Bodakdev, Gujarat, India |
| Raja Udyog Private Limited | ₹532.04 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Nirmal Industries Private Limited | ₹527.01 Cr (FY 2025) | 3.0% | Alwar, Rajasthan, India |
To see the full peer comparison of Akash Agro Industries Ltd, buy the company report.
Auditor
Akash Agro Industries Ltd is audited by N. K. Aswani & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. K. Aswani & Co | FY 2022 | 100738W |
Shareholding
The shareholding of Akash Agro Industries 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 Akash Agro Industries Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2018 | 100163288 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 13 Apr 2017 | 100110084 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 27 Dec 2003 | 90112847 | Centurion Bank Ltd. | ₹6 Cr | Open | |
| 05 Mar 2008 | 10101044 | Bank of Baroda | ₹12.35 Cr | Satisfied | |
| 22 Sep 2004 | 90112912 | Bank of India | ₹2.5 Cr | Satisfied |
To see the full charge records of Akash Agro Industries Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Akash Agro Industries Ltd has 24 court cases on record: 19 filed by Akash Agro Industries, 5 filed against it. 5 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 3 | 5 |
| District courts | 7 | 2 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Darshan Refoils Pvt. Ltd. | Disposed |
| High Court of Gujarat | Appeal | Filed against the company by Laxmi Rajkumar Rohra (Sole Proprietor of M/S. A.R. Agro) | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against Adjudicating Officer and Resident Additional Collector Anand and 2 others | Pending |
| High Court of Gujarat | Appeal | Filed by the company against Adjudicating Officer and Resident Additional Collector Anand | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Pending |
To see the full case history of Akash Agro Industries 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.
Credit ratings & regulatory alerts
Akash Agro Industries Ltd was last rated by Care on 28 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Jan 2022 |
To see the full credit ratings and regulatory alerts of Akash Agro Industries Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akash Agro Industries Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Akash Agro Industries has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Akash Agro Industries Ltd has a workforce of 4 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Akash Agro Industries has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACA9833C1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AFWPP9988F1ZD | Gujarat | Active | 01 Jul 2017 |
| 23AFWPP9988F1ZF | Madhya Pradesh | Active | 19 Apr 2021 |
To see the full GST registrations and return filing status of Akash Agro Industries Ltd, buy the company report.
Recent activity
Akash Agro Industries Ltd has 14 board changes on record since 1991: 10 appointments and 4 cessations. The latest: Kumudbhai Babubhai Patel ceased to be Director on 31 Jul 2023.
25 earlier events are in the company report.
Frequently asked questions
Akash Agro Industries is an active public limited company based in Bodakdev, Gujarat, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 07 February 1991 (35+ years old) and is registered under CIN L15140GJ1991PLC015029.
Akash Agro Industries has 6 current directors:
- Manish Girishbhai Patel - Managing Director
- Falgunbhai Girishbhai Patel - Whole-Time Director
- Rajendra Babulal Shah - Whole-Time Director
- Jay Dipak Patel - Director
- Urmilaben Pravinbhai Patel - Director
- Pravinbhai Jashbhai Patel - Director
The latest financial statements of Akash Agro 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 Akash Agro Industries is 24AAACA9833C1Z1, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 24AFWPP9988F1ZD (Gujarat), 23AFWPP9988F1ZF (Madhya Pradesh).
The CIN (Corporate Identification Number) of Akash Agro Industries is L15140GJ1991PLC015029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akash Agro Industries is recorded as a listed company by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
Akash Agro Industries has 24 court cases on record: 19 filed by the company and 5 filed against it. 5 are pending. Most are in the high courts.
Akash Agro Industries was incorporated on 07 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Akash Agro Industries by revenue are Raha Oils Private Limited, Shiva Protein Products Private Limited, Manickavel Edible Oils Private Limited, Yentop Manickam Edible Oils Private Limited, Raja Udyog Private Limited and 1 more, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Kumudbhai Babubhai Patel ceased to be Director on 31 Jul 2023. Umaben Girishbhai Patel ceased to be Director on 20 Apr 2019. Jay Dipak Patel was appointed as Director on 26 Dec 2017. Akash Agro Industries has 14 board changes on record in total.
Akash Agro Industries can be reached through the website akashagroindustries.com. Its registered office is in Bodakdev, Gujarat, India.
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