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About Asha Cellulose (India) Private Limited
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Asha Cellulose (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1988PTC046727. Its GSTIN is 27AACCA3502G2Z6 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Champaklal Dolatram Mehta and Jindat Kalidas Mehta.
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 Asha House 3rd Floor Plotno 808 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, India – 400014.
As per the financials filed for FY 2024, the company reported a revenue of ₹69.64 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹5.58 Cr (net margin 8%) and EBITDA of ₹21.3 Cr (EBITDA margin 30.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 11% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12 Cr and satisfied charges of ₹9 Cr on record. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2023. The company has 7 MSME Form 1 returns on record between 2019 and 2022, listing 47 overdue payments to 18 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 ashacel.com.
Company details
Contact details
Asha Cellulose (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is ashacel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAsha House 3rd Floor Plotno 808 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, India – 400014
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Asha Cellulose (India) 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 Asha Cellulose (India) is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Asha Cellulose (India) Private Limited, buy the company report.
Financials of Asha Cellulose (India) Private Limited
FY 2025 filings availableAsha Cellulose (India) Private Limited reported revenue of ₹69.64 Cr (up 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 21% growth in the latest year. EBITDA rose 54% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹21.3 Cr | ||||
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| Net Profit (PAT) | ₹5.58 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 30.6% | ||||
| Net Profit Margin | 8% | ||||
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To see the full financial statements and ratios of Asha Cellulose (India) Private Limited, buy the company report.
Board of directors of Asha Cellulose (India) Private Limited
Asha Cellulose (India) has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Champaklal Dolatram Mehta | Director | 02 Feb 1999 | 27 Years 9 Months | Current |
| Jindat Kalidas Mehta Also directs: Vaikunth Builders Pvt Ltd, Shaileen Construction Pvt Ltd, White Berry Realspaces LLP and 3 more | Director | 02 Jan 2007 | 19 Years 10 Months | Current |
| Babulal Bhikhalal Mehta Also directs: Jay Agritech Private Limited | Director | 01 Sep 1998 | 28 Years 2 Months | Current |
| Srinivas Krishnamurty Kondapaturu | Director | 18 Jan 2003 | 23 Years 9 Months | Current |
| Rajendra Hirachand Shah Also directs: Kayjay Properties Pvt Ltd | Director | 09 Oct 2019 | 7 Years 1 Months | Current |
Auditor
Asha Cellulose (India) Private Limited is audited by MEHTA KOTHARI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA KOTHARI & CO. | FY 2022 | 106248W |
Shareholding
The shareholding of Asha Cellulose (India) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asha Cellulose (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2021 | 100524754 | Others | ₹12 Cr | Open | |
| 27 Aug 2008 | 10125710 | Bank of Baroda | ₹4.5 Cr | Satisfied | |
| 24 Mar 2008 | 10114811 | Bank of Baroda | ₹4.5 Cr | Satisfied |
To see the full charge records of Asha Cellulose (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Asha Cellulose (India) Private Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2023.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Asha Cellulose (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Asha Cellulose (India) Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 47 overdue payments to 18 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 18)
To see the full MSME payment records of Asha Cellulose (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Asha Cellulose (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA3502G2Z6 | Maharashtra | Active | 23 Nov 2022 |
| 24AACCA3502G1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asha Cellulose (India) Private Limited, buy the company report.
Recent activity
Asha Cellulose (India) Private Limited has 8 board changes on record since 1998: 5 appointments and 3 cessations. The latest: Rajendra Hirachand Shah ceased to be Additional Director on 20 Oct 2020.
7 earlier events are in the company report.
Frequently asked questions
Asha Cellulose (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 25 March 1988 (38+ years old) and is registered under CIN U27200MH1988PTC046727.
Asha Cellulose (India) has 5 current directors:
- Champaklal Dolatram Mehta - Director
- Jindat Kalidas Mehta - Director
- Babulal Bhikhalal Mehta - Director
- Srinivas Krishnamurty Kondapaturu - Director
- Rajendra Hirachand Shah - Director
The latest financial statements of Asha Cellulose (India) 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 Asha Cellulose (India) is 27AACCA3502G2Z6, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCA3502G1ZD (Gujarat).
The CIN (Corporate Identification Number) of Asha Cellulose (India) is U27200MH1988PTC046727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asha Cellulose (India) was incorporated on 25 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Asha Cellulose (India) has 3 deals on record (3 secondary share transfers); the latest was in March 2023.
Rajendra Hirachand Shah ceased to be Additional Director on 20 Oct 2020. Hirachand Vamalchand Shah ceased to be Director on 25 May 2020. Rajendra Hirachand Shah was appointed as Director on 09 Oct 2019. Asha Cellulose (India) has 8 board changes on record in total.
Asha Cellulose (India) has 7 MSME Form 1 returns on record between 2019 and 2022, listing 47 overdue payments to 18 micro and small suppliers. The latest return was filed on 02 Jan 2023.
Asha Cellulose (India) can be reached through the website ashacel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Asha Cellulose (India) is at Asha House 3rd Floor Plotno 808 Dr B A Rd Dadar Tt, Mumbai, Maharashtra, India – 400014.
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