Akay Powerline Products Pvt Ltd
About Akay Powerline Products Pvt Ltd
Data last updated:
Akay Powerline Products Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 27 October 1987.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1987PTC045123.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12 Lakh. It was led by directors Vivek Binani and Kamal Kumar Bagree.
Its last annual general meeting (AGM) was held on 07 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ft N 2 Land Mark25 Dawood Baug Lane Andheri(W), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2023, the company reported a revenue of ₹63,781, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹5.61 Lakh and EBITDA of -₹5.61 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 47% over five years.
Court records list 1 case involving the company, including 1 filed against it.
Company details
Contact details
Akay Powerline Products Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFt N 2 Land Mark25 Dawood Baug Lane Andheri(W), Mumbai, Maharashtra, India – 400058
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Akay Powerline Products Pvt 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
Financials of Akay Powerline Products Pvt Ltd
FY 2023 filings availableAkay Powerline Products Pvt Ltd reported revenue of ₹63,781 (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 19% fall in the latest year. EBITDA rose 17% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹5.61 Lakh | ||||
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| Net Profit (PAT) | -₹5.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Akay Powerline Products Pvt Ltd, buy the company report.
Board of directors of Akay Powerline Products Pvt Ltd
Akay Powerline Products has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Binani Also directs: Pearl Carzonrent Private Limited | Director | 27 Oct 1987 | 39 Years 0 Months | As last reported |
| Kamal Kumar Bagree | Director | 01 Nov 2019 | 7 Years 0 Months | As last reported |
Peer comparison
Akay Powerline Products Pvt Ltd is compared with the 10 companies closest to it by revenue in the Shipping industry (Shipping Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sea Hawk Ship Management Private Limited | ₹69,620 (FY 2025) | Noida, Uttar Pradesh, India | ||||
| Royal Atlas Marine Private Limited | ₹68,910 (FY 2025) | Bangalore, Karnataka, India | ||||
| Suham Shipping Services Private Limited | ₹68,447 (FY 2024) | 5.0% | Chennai, Tamil Nadu, India | |||
| Malawat Ship Management Private Limited | ₹67,138 (FY 2025) | -67.0% | Borivali, Mumbai, Maharashtra, India | |||
| Cormorant Shipping Services Private Limited | ₹66,720 (FY 2024) | -85.0% | Noida, Uttar Pradesh, India | |||
| Akay Powerline Products Pvt Ltdthis company | ₹63,781 (FY 2023) | -₹5.61 Lakh | -19.0% | Mumbai, Maharashtra, India | ||
| Rudransha Technologies Private Limited | ₹61,568 (FY 2021) | Gautam Buddha Nagar, Uttar Pradesh, India | ||||
| Opal Asia Shipping Agencies (India) Private Limited | ₹60,634 (FY 2017) | -91.0% | Mumbai, Maharashtra, India | |||
| SNS Shipping Services India Private Limited | ₹60,000 (FY 2024) | Navi Mumbai, Maharashtra, India | ||||
| Amos Ship Management Private Limited | ₹58,961 (FY 2024) | -99.0% | New Bombay, Maharashtra, India | |||
| Ocean Edge Maritime Services Private Limited | ₹57,340 (FY 2024) | Thane, Maharashtra, India |
To see the full peer comparison of Akay Powerline Products Pvt Ltd, buy the company report.
Auditor
Akay Powerline Products Pvt Ltd is audited by V. K. GOYAL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. K. GOYAL & ASSOCIATES | FY 2022 | 112197W |
Shareholding
The shareholding of Akay Powerline Products Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Akay Powerline Products Pvt Ltd, buy the company report.
Legal cases
Akay Powerline Products Pvt Ltd has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
To see the full case history of Akay Powerline Products Pvt 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akay Powerline Products Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Akay Powerline Products Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Akay Powerline Products Pvt Ltd has 3 board changes on record since 1987: 2 appointments and 1 cessation. The latest: Prem Ratan Bagree ceased to be Director on 03 Nov 2019.
Frequently asked questions
Akay Powerline Products has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Akay Powerline Products was a private limited company based in Mumbai, Maharashtra, India. The company worked in shipping and maritime services, within the transport and logistics industry. It was incorporated on 27 October 1987 and is registered under CIN U27100MH1987PTC045123. The company has been struck off by the Registrar of Companies and is no longer operational.
Akay Powerline Products had 2 directors:
- Vivek Binani - Director
- Kamal Kumar Bagree - Director
The CIN (Corporate Identification Number) of Akay Powerline Products is U27100MH1987PTC045123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Akay Powerline Products is at Ft N 2 Land Mark25 Dawood Baug Lane AndheriW, Mumbai, Maharashtra, India – 400058.
Akay Powerline Products was incorporated on 27 October 1987. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Akay Powerline Products on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 07 August 2023. Year-wise statements from 2015 are in the company report.
Akay Powerline Products operated in the transport and logistics industry, in the shipping and maritime services segment. It worked in this industry before it was struck off.
The peers of Akay Powerline Products by revenue are Sea Hawk Ship Management Private Limited, Royal Atlas Marine Private Limited, Suham Shipping Services Private Limited, Malawat Ship Management Private Limited, Cormorant Shipping Services Private Limited and 5 more, all in the Shipping industry (Shipping Services).
Akay Powerline Products has 1 court case on record: 1 filed against it.
Prem Ratan Bagree ceased to be Director on 03 Nov 2019. Kamal Kumar Bagree was appointed as Director on 01 Nov 2019. Vivek Binani was appointed as Director on 27 Oct 1987.
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