MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0190433
Akash Ceramics Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹112.77 Cr
▼ 26% YoY
Net loss · FY 2025
₹10.87 Cr
Net margin -9.6%
EBITDA · FY 2025
-₹1.92 Cr
EBITDA margin -1.7%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹4.99 Cr
Issued & subscribed
Open charges
₹42.65 Cr
Satisfied ₹176.68 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
31
Provident fund records
About Akash Ceramics Private Limited
Data last updated:
Akash Ceramics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 20 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ1995PTC027954. Its GSTIN is 24AABCA3074A1ZF (Gujarat). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.99 Cr. It is led by directors including Ratilal Jagjivandas Akhani and Rajeshbhai Akhani.
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 7 Yogi Complexdrive In Cinema, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹112.77 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹10.87 Cr (net margin -9.6%) and EBITDA of -₹1.92 Cr (EBITDA margin -1.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 7% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Akash Ceramic and Dakshinamurti. As per MCA filings, the company has open charges of ₹42.65 Cr and satisfied charges of ₹176.68 Cr on record. Court records list 42 cases involving the company, including 34 filed by the company and 8 filed against it; 11 cases are pending.
Akash Ceramics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0190433). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dakshinamurti.com.
Company details
CIN U26933GJ1995PTC027954
Registration Number 027954
Incorporation Date 20 October 1995
ROC Ahmedabad
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-GJ-01-0190433
Key People
Ratilal Jagjivandas Akhani Director Rajeshbhai Akhani Director Natvarlal Jagjivandas Akhani Director Recognitions & Rankings of Akash Ceramics
Contact details
Akash Ceramics Private Limited's registered office is in Ahmedabad, Gujarat. Its website is dakshinamurti.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7 Yogi Complexdrive In Cinema, Ahmedabad, Gujarat, India – 380054
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Akash Ceramics Private Limited, buy the company report.
Comprehensive company report
Akash Ceramics 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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Brands
Akash Ceramics operates two associated brands: Akash Ceramic and Dakshinamurti. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Designs and manufactures high-quality ceramic tiles. | akashceramics.com | |
| Ceramic tile manufacturing and supply in India. | dakshinamurti.com |
Business activity
The main business activity of Akash Ceramics is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Akash Ceramics Private Limited, buy the company report.
Financials of Akash Ceramics Private Limited
FY 2024 filings availableAkash Ceramics Private Limited reported revenue of ₹112.77 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹112.77 Cr ▼ 26%
Net loss · FY 2025
₹10.87 Cr margin -9.6%
EBITDA · FY 2025
-₹1.92 Cr margin -1.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 3%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 124%
3 years · compounded
▼ 28%
5 years · compounded
▼ 19%
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 124% 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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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.87 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | -1.7% | ||||
| Net Profit Margin | -9.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Akash Ceramics Private Limited, buy the company report.
Board of directors of Akash Ceramics Private Limited
Akash Ceramics has 5 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 |
|---|---|---|---|---|
| Ratilal Jagjivandas Akhani | Director | 07 Dec 1995 | 30 Years 10 Months | Current |
| Rajeshbhai Akhani | Director | 01 Sep 1997 | 29 Years 2 Months | Current |
| Natvarlal Jagjivandas Akhani Also directs: Dakshinamurti Ventures Private Limited | Director | 01 Dec 2011 | 14 Years 11 Months | Current |
| Paresh Natvarlal Akhani | Director | 18 Jul 1998 | 28 Years 3 Months | Current |
| Digant Ratilal Akhani | Director | 17 Oct 2005 | 21 Years 0 Months | Current |
Auditor
Akash Ceramics Private Limited is audited by RAMESH DESAI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH DESAI & ASSOCIATES | FY 2023 | 114507W |
Shareholding
The shareholding of Akash Ceramics 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akash Ceramics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹42.65 Cr
Satisfied charges
₹176.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2022 | 100667122 | Others | ₹4.3 Cr | Open | |
| 23 Jul 2021 | 100477375 | Hdfc Bank Limited | ₹35 Lakh | Open | |
| 23 Dec 2019 | 100323469 | Others | ₹38 Cr | Open | |
| 09 Jul 2014 | 10513406 | Axis Bank Limited | ₹17 Lakh | Satisfied | |
| 19 Sep 2006 | 10020602 | State Bank of India | ₹78.17 Cr | Satisfied |
To see the full charge records of Akash Ceramics Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Akash Ceramics Private Limited has 42 court cases on record: 34 filed by Akash Ceramics, 8 filed against it. 11 cases are pending and 31 are disposed.
Total cases
42
Filed by the company
34
Filed against the company
8
Pending
11
Disposed
31
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 7 | 10 |
| High courts | 5 | 1 | 0 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1902-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Dealership and distribution of petroleum products.) | Filed by the company against Gail (India) Limited .. 809, Sakar-Ii, Opp. Town Hall, Near Elliabridge, , District: Ahmedabad ,Ahmedabad , Gujarat and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 2 others | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Gail (India) Limited and 1 other | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Gail (India) Limited and 1 other | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Oil & Natural Gas Corporation Limited and 1 other | Disposed |
To see the full case history of Akash Ceramics 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.
Credit ratings & regulatory alerts
Akash Ceramics Private Limited was last rated by Crisil on 20 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 20 Feb 2020 |
To see the full credit ratings and regulatory alerts of Akash Ceramics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akash Ceramics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akash Ceramics Private Limited has a workforce of 31 employees on its EPFO records as of Mar 23, 2024, across 2 active EPFO establishments.
Employee count
31
Active EPFO establishments
2
Employee growth
-11.43%
GST
Akash Ceramics has 6 GST registrations: 1 active and 5 cancelled or inactive.
Total GSTINs
6
Active
1
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA3074A1ZF | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akash Ceramics Private Limited, buy the company report.
Recent activity
Akash Ceramics Private Limited has 8 board changes on record since 1995: 5 appointments and 3 cessations. The latest: Paresh Natvarlal Akhani ceased to be Director on 20 Dec 2011.
Charges
A charge with Others of Rs. 38.00 Cr registered on 23 Dec 2019 with Charge ID 100323469 was modified on 28 Nov 2024.
AGM
Akash Ceramics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Akash Ceramics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 4.30 Cr with Charge ID 100667122 was registered on 22 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100477375 was registered on 23 Jul 2021.
Charges
A charge registered on 09 Jul 2014 via Charge ID 10513406 with Axis Bank Limited was fully satisfied on 02 Jul 2020.
Charges
A charge registered on 19 Sep 2006 via Charge ID 10020602 with State Bank Of India was fully satisfied on 03 Jun 2020.
Charges
A charge registered on 02 Jun 2005 via Charge ID 90112992 with State Bank Of India was fully satisfied on 03 Jun 2020.
Charges
A charge with Others amounted to Rs. 38.00 Cr with Charge ID 100323469 was registered on 23 Dec 2019.
Charges
A charge with State Bank Of India of Rs. 78.17 Cr registered on 19 Sep 2006 with Charge ID 10020602 was modified on 17 Jul 2015.
Charges
A charge with State Bank Of India of Rs. 78.17 Cr registered on 02 Jun 2005 with Charge ID 90112992 was modified on 15 Jul 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.17 Cr with Charge ID 10513406 was registered on 09 Jul 2014.
13 earlier events are in the company report.
Frequently asked questions
Akash Ceramics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 20 October 1995 (31+ years old) and is registered under CIN U26933GJ1995PTC027954.
Akash Ceramics has 5 current directors:
- Ratilal Jagjivandas Akhani - Director
- Rajeshbhai Akhani - Director
- Natvarlal Jagjivandas Akhani - Director
- Paresh Natvarlal Akhani - Director
- Digant Ratilal Akhani - Director
The latest financial statements of Akash Ceramics 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 Akash Ceramics is 24AABCA3074A1ZF, registered in Gujarat. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Akash Ceramics is U26933GJ1995PTC027954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akash Ceramics has 42 court cases on record: 34 filed by the company and 8 filed against it. 11 are pending. Most are in the district courts.
Akash Ceramics was incorporated on 20 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Paresh Natvarlal Akhani ceased to be Director on 20 Dec 2011. Natvarlal Jagjivandas Akhani was appointed as Director on 01 Dec 2011. Amratlal Kalidas Patel ceased to be Director on 20 Nov 2009. Akash Ceramics has 8 board changes on record in total.
Yes, Akash Ceramics is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0190433).
Akash Ceramics can be reached through the website dakshinamurti.com. Its registered office is in Ahmedabad, Gujarat, India.
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