Akashganga Processors Private Limited

Akashganga Processors Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U17121GJ2004PTC043456 Incorporated 12 January 2004 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2023
₹22.36 Cr
▲ 17% YoY
Net profit · FY 2023
₹1.19 Cr
Net margin 5.3%
EBITDA · FY 2023
₹3.77 Cr
EBITDA margin 16.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹5 Cr
Satisfied ₹90 Lakh
Company age
22 yrs
Est. 2004
Employees · EPFO
50
Provident fund records

About Akashganga Processors Private Limited

Data last updated:

Akashganga Processors Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 January 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17121GJ2004PTC043456. Its GSTIN is 24AAECA5941R2Z8 (Gujarat). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Mangilal Sukhlal Lahoti and Sanjay Mangilal Lahoti.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 402/2 GIDC Pandesara, Surat, Gujarat, India – 394221.

As per the financials filed for FY 2023, the company reported a revenue of ₹22.36 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.19 Cr (net margin 5.3%) and EBITDA of ₹3.77 Cr (EBITDA margin 16.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.

The company has about 50 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹90 Lakh on record. Court records list 36 cases involving the company, including 1 filed by the company and 35 filed against it; 1 case is pending.

Akashganga Processors Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0017727). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U17121GJ2004PTC043456
Registration Number 043456
Incorporation Date 12 January 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0017727
Key People
Mangilal Sukhlal Lahoti Director Sanjay Mangilal Lahoti Director Ritesh Rajkumar Somani Director

Recognitions & Rankings of Akashganga Processors

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-22-0017727

Contact details

Akashganga Processors Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    402/2 GIDC Pandesara, Surat, Gujarat, India – 394221
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Akashganga Processors Private Limited, buy the company report.

Comprehensive company report
Akashganga Processors 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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Financials of Akashganga Processors Private Limited

FY 2025 filings available

Akashganga Processors Private Limited reported revenue of ₹22.36 Cr (up 17% YoY) for FY 2023.

Revenue · FY 2023
₹22.36 Cr ▲ 17%
Net profit · FY 2023
₹1.19 Cr margin 5.3%
EBITDA · FY 2023
₹3.77 Cr margin 16.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 2%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 124%
3 years · compounded
▲ 19%
5 years · compounded
▲ 15%

Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 17% growth in the latest year. EBITDA rose 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹22.36 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹3.77 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.19 Cr
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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin16.9%
Net Profit Margin5.3%
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 Akashganga Processors Private Limited, buy the company report.

Board of directors of Akashganga Processors Private Limited

Akashganga Processors has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mangilal Sukhlal Lahoti
Also directs: Sanjay Polytex Private Limited, Chintan Processors Private Limited
Director01 Mar 201412 Years 8 MonthsCurrent
Sanjay Mangilal Lahoti
Also directs: Sanjay Polytex Private Limited, Chintan Processors Private Limited, Polycoat India Private Limited and 1 more
Director19 Oct 20206 Years 0 MonthsCurrent
Ritesh Rajkumar Somani
Also directs: Betex India Limited (Co TR From Maha ), Bhoomeka Processors Private Limited, Rakesh Industries Private Limited and 5 more
Director25 Mar 201313 Years 7 MonthsCurrent
View all directors

Auditor

Akashganga Processors Private Limited is audited by B. CHORADIA & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B. CHORADIA & CO.FY 2023121083W

Shareholding

The shareholding of Akashganga Processors Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Akashganga Processors Private Limited, buy the company report.

Charges & borrowings

Open charges
₹5 Cr
Satisfied charges
₹90 Lakh
Breakdown by lending institutions
Others₹5.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Nov 2021100508878Others₹5 CrOpen
09 Mar 200590106003The Sulex Co-Oprative Bank Ltd.₹80 LakhSatisfied
18 Aug 200490105409The Sulex Co-Oprative Bank Ltd.₹10 LakhSatisfied

To see the full charge records of Akashganga Processors Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

Akashganga Processors Private Limited has 16 MSME Form 1 returns on record between 2019 and 2023, listing 1,214 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 20)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
Super Welding Works

To see the full MSME payment records of Akashganga Processors Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Akashganga Processors Private Limited has a workforce of 50 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
50
Active EPFO establishments
1
Employee growth
-16.67%

GST

Akashganga Processors has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAECA5941R2Z8GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Akashganga Processors Private Limited, buy the company report.

Recent activity

Akashganga Processors Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Rajkumar Sitaram Somani ceased to be Director on 19 Oct 2020.

AGM
Akashganga Processors Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Akashganga Processors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 499.99 Lakh registered on 24 Nov 2021 with Charge ID 100508878 was modified on 03 Mar 2023.
Charges
A charge with Others amounted to Rs. 499.99 Lakh with Charge ID 100508878 was registered on 24 Nov 2021.
Ceased
Rajkumar Sitaram Somani ceased to be Director.
Ceased
Rakesh Somani ceased to be Director.
Appointed
Sanjay Mangilal Lahoti was appointed as Director.
Appointed
Mangilal Sukhlal Lahoti was appointed as Director.
Appointed
Ritesh Rajkumar Somani was appointed as Director.
Charges
A charge registered on 09 Mar 2005 via Charge ID 90106003 with The Sulex Co-Oprative Bank Ltd. was fully satisfied on 02 Jan 2006.
Charges
A charge registered on 18 Aug 2004 via Charge ID 90105409 with The Sulex Co-Oprative Bank Ltd. was fully satisfied on 02 Jan 2006.
Charges
A charge with The Sulex Co-Oprative Bank Ltd. amounted to Rs. 80.00 Lakh with Charge ID 90106003 was registered on 09 Mar 2005.

2 earlier events are in the company report.

Frequently asked questions

Akashganga Processors is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 January 2004 (22+ years old) and is registered under CIN U17121GJ2004PTC043456.

Akashganga Processors has 3 current directors:

The latest financial statements of Akashganga Processors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Akashganga Processors is 24AAECA5941R2Z8, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Akashganga Processors is U17121GJ2004PTC043456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Akashganga Processors has 36 court cases on record: 1 filed by the company and 35 filed against it. 1 is pending. Most are in the district courts.

Akashganga Processors was incorporated on 12 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Rajkumar Sitaram Somani ceased to be Director on 19 Oct 2020. Rakesh Somani ceased to be Director on 19 Oct 2020. Sanjay Mangilal Lahoti was appointed as Director on 19 Oct 2020. Akashganga Processors has 5 board changes on record in total.

Yes, Akashganga Processors is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0017727).

Akashganga Processors has 16 MSME Form 1 returns on record between 2019 and 2023, listing 1,214 overdue payments to 20 micro and small suppliers. The latest return was filed on 29 Oct 2023.

The registered office of Akashganga Processors is at 4022 GIDC Pandesara, Surat, Gujarat, India – 394221.