About Aqualite Industries Private Limited
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Aqualite Industries Private Limited is a private limited company based in Delhi, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 26 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U19202DL1996PTC361922. Its GSTIN is 07AAACF2054Q2ZF (Delhi). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹30.6 Cr and a paid-up capital of ₹6.8 Cr. It was formerly known as Aqualite Industries Limited and Freedom Footwear Private Limited. It is led by directors including Davinder Kumar (Managing Director) and Devanshu Gupta (Whole-Time Director).
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 901 9th Floor Pearls Best Heights – 1, Plot No A – 5 Netaji Subhash Place Pitampura, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹801.05 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹17.17 Cr (net margin 2.1%) and EBITDA of ₹84.14 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
The company has about 1,163 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹654.76 Cr and satisfied charges of ₹705.71 Cr on record. Court records list 523 cases involving the company, including 498 filed by the company and 25 filed against it; 272 cases are pending. The company has 23 deals on record (12 secondary share transfers, 8 funding rounds, 3 rights issues), with disclosed funding of ₹227.89 Cr; the latest was in March 2024. The company has 28 MSME Form 1 returns on record between 2021 and 2023, listing 17,773 overdue payments to 207 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aqualiteindia.com.
Company details
Name history
Aqualite Industries has undergone 2 name changes throughout its history. The company was previously known as Aqualite Industries Limited, and Freedom Footwear Private Limited. The current legal name is Aqualite Industries Private Limited.
| Company Name | Status |
|---|---|
| Aqualite Industries Private Limited | Current |
| Aqualite Industries Limited | Previous |
| Freedom Footwear Private Limited | Previous |
CIN history
Aqualite Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U19202DL1996PTC361922, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U19202DL1996PTC361922 | Current |
| U19202DL1996PTC081417 | Previous |
| U19202HR1996PTC073473 | Previous |
Contact details
Aqualite Industries Private Limited's registered office is in Delhi, Delhi. Its website is aqualiteindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address901 9th Floor Pearls Best Heights – 1, Plot No A – 5 Netaji Subhash Place Pitampura, Delhi, India – 110034
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Aqualite Industries Private Limited, 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
Business activity
The main business activity of Aqualite Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Aqualite Industries Private Limited, buy the company report.
Financials of Aqualite Industries Private Limited
FY 2025 filings availableAqualite Industries Private Limited reported revenue of ₹801.05 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 5% growth in the latest year. EBITDA rose 32% 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 | ₹84.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.17 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 | 10.5% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aqualite Industries Private Limited, buy the company report.
Board of directors of Aqualite Industries Private Limited
Aqualite Industries has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devanshu Gupta | Whole-Time Director | 01 Jun 2017 | 9 Years 4 Months | Current |
| Avichal Gupta Also directs: Aqualite Footwear Private Limited | Whole-Time Director | 16 Nov 2018 | 7 Years 11 Months | Current |
| Aviral Gupta | Whole-Time Director | 25 Sep 1997 | 29 Years 1 Months | Current |
| Mukesh Gupta | Whole-Time Director | 10 Oct 2006 | 20 Years 0 Months | Current |
| Davinder Kumar Also directs: Aqualite Footwear Private Limited | Managing Director | 20 Jul 2001 | 25 Years 3 Months | Current |
| Mohammed Islam | Whole-Time Director | 01 Apr 2022 | 4 Years 6 Months | Current |
Auditor
Aqualite Industries Private Limited is audited by S.R.Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Aqualite Industries 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 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 Aqualite Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2025 | 101130757 | Others | ₹1 Cr | Open | |
| 14 May 2025 | 101111933 | Others | ₹24.3 Lakh | Open | |
| 23 Apr 2025 | 101105777 | Others | ₹1.1 Cr | Open | |
| 19 Mar 2025 | 101107522 | Others | ₹1.7 Cr | Open | |
| 28 Feb 2025 | 101068385 | Others | ₹15.5 Cr | Open |
To see the full charge records of Aqualite Industries Private Limited, buy the company report.
Total charge records: 61 View all charges
Deals & funding
Aqualite Industries Private Limited has 23 deals on record (12 secondary share transfers, 8 funding rounds, 3 rights issues), with disclosed funding of ₹227.89 Cr; the latest was in March 2024.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Jyoti Softsules Private Limited , 3 individuals Seller: Raghav Softech Private Limited , Bindal Footwear Private Limited , 2 individuals |
| Mar 2013 | Funding round | ₹2.64 Cr | Investors: Daisy Polymers Private Limited , Davinder Kumar Gupta & Sons HUF, 2 individuals |
| Apr 2011 | Funding round | ₹7.87 Cr | Investors: Daisy Polymers Private Limited , Decent Footwear Private Limited , Jyoti Softsules Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Anushree Securities Private Limited, Ved Prakash Singhal & Sons HUF, Anushree Real Estates Private Limited |
| May 2008 | Funding round | ₹44.9 Lakh | Investors: Anushree Securities Private Limited, Anushree Real Estates Private Limited , D P Rolling Mills Private Limited |
To see the full deal history of Aqualite Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aqualite Industries Private Limited has 523 court cases on record: 498 filed by Aqualite Industries, 25 filed against it. 272 cases are pending and 251 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 495 | 19 | 254 |
| High courts | 27 | 6 | 18 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 523)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Commercial suit | Filed by the company against Arorastylesavvy Impex Private Limited | Pending |
| District court, West, Delhi | Civil suit | Filed against the company by Golden Roadways and Logistics Pvt Ltd | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Relaxo Footwears Limited | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by Compass India Food Services Private Limited | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Pending |
To see the full case history of Aqualite Industries 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
Aqualite Industries Private Limited was last rated by Crisil on 06 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 May 2020 |
To see the full credit ratings and regulatory alerts of Aqualite Industries Private Limited, buy the company report.
MSME payment delays
Aqualite Industries Private Limited has 28 MSME Form 1 returns on record between 2021 and 2023, listing 17,773 overdue payments to 207 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 207)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raheja Chemicals Private Limited | |||
| Shri Dwarkadhish Natural Rubber Private Limited | |||
| Airform Shoes Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Aqualite Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aqualite Industries Private Limited has a workforce of 1,163 employees on its EPFO records as of Apr 09, 2024, across 11 active EPFO establishments.
GST
Aqualite Industries has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACF2054Q2ZF | Delhi | Active | 14 Apr 2018 |
| 07AAACF2054Q3ZE | Delhi | Active | 23 Apr 2018 |
| 06AAACF2054Q1ZI | Haryana | Active | 01 Jul 2017 |
| 37AAACF2054Q1ZD | Andhra Pradesh | Active | 12 Jul 2019 |
To see the full GST registrations and return filing status of Aqualite Industries Private Limited, buy the company report.
Recent activity
Aqualite Industries Private Limited has 18 board changes on record since 1997: 8 appointments and 10 cessations. The latest: Shweta Gupta was appointed as Additional Director on 02 Jul 2025.
135 earlier events are in the company report.
Frequently asked questions
Aqualite Industries is an active private limited company based in Delhi, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 26 August 1996 (30+ years old) and is registered under CIN U19202DL1996PTC361922.
Aqualite Industries has 8 current directors:
- Davinder Kumar - Managing Director
- Devanshu Gupta - Whole-Time Director
- Avichal Gupta - Whole-Time Director
- Aviral Gupta - Whole-Time Director
- Mukesh Gupta - Whole-Time Director
- Mohammed Islam - Whole-Time Director
- Shweta Gupta - Additional Director
- Ashish Bansal - Additional Director
The latest financial statements of Aqualite Industries 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 Aqualite Industries is 07AAACF2054Q2ZF, registered in Delhi. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACF2054Q3ZE (Delhi), 06AAACF2054Q1ZI (Haryana), 37AAACF2054Q1ZD (Andhra Pradesh).
The CIN (Corporate Identification Number) of Aqualite Industries is U19202DL1996PTC361922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aqualite Industries has 523 court cases on record: 498 filed by the company and 25 filed against it. 272 are pending. Most are in the district courts.
Aqualite Industries was incorporated on 26 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
Aqualite Industries has 23 deals on record (12 secondary share transfers, 8 funding rounds, 3 rights issues), with disclosed funding of ₹227.89 Cr; the latest was in March 2024.
Shweta Gupta was appointed as Additional Director on 02 Jul 2025. Ashish Bansal was appointed as Additional Director on 09 Jun 2025. Sanjeev Kharbanda ceased to be Cfo(Kmp) on 17 Oct 2022. Aqualite Industries has 18 board changes on record in total.
Aqualite Industries has 28 MSME Form 1 returns on record between 2021 and 2023, listing 17,773 overdue payments to 207 micro and small suppliers. The latest return was filed on 16 Dec 2023.
Aqualite Industries can be reached through the website aqualiteindia.com. Its registered office is in Delhi, India.
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