About Asha Resins Limited
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Asha Resins Limited is a public limited company based in Khed, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 20 August 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U99999MH1993PLC073569. Its GSTIN is 27AABCA5790M1Z9 (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.15 Cr. It is led by directors including Kiran Mohanlal Karnawat (Managing Director) and Kewal Rasiklal 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 Gat No. 227/2, A/P Dhanore Khed, Maharashtra, India – 412105.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.36 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹2.16 Cr (net margin 11.2%) and EBITDA of ₹3.39 Cr (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 22% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Asharesins. As per MCA filings, the company has open charges of ₹1.6 Cr and satisfied charges of ₹84 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asharesins.com.
Company details
CIN history
Asha Resins has one previous CIN (Corporate Identification Number): U99999MH1993PTC073569. The current CIN is U99999MH1993PLC073569, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1993PLC073569 | Current |
| U99999MH1993PTC073569 | Previous |
Contact details
Asha Resins Limited's registered office is in Khed, Maharashtra.
- Registered AddressGat No. 227/2, A/P Dhanore Khed, Maharashtra, India – 412105
- IndustryChemicals and Materials, Industrial Chemicals
- 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
Brands
Asha Resins operates one associated brand: Asharesins. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces industrial chemicals and water treatment solutions for diverse sectors. | asharesins.com |
Financials of Asha Resins Limited
FY 2025 filings availableAsha Resins Limited reported revenue of ₹19.36 Cr (up 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 19% growth in the latest year. EBITDA rose 8% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.16 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.5% | ||||
| Net Profit Margin | 11.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Asha Resins Limited, buy the company report.
Board of directors and KMP of Asha Resins Limited
Asha Resins Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Mohanlal Karnawat Also directs: Asva Resins Private Limited | Managing Director | 20 Aug 1993 | 33 Years 2 Months | Current |
| Kewal Rasiklal Mehta | Director | 21 Sep 2024 | 2 Years 1 Months | Current |
| Seema Kiran Karnawat Also directs: Sevira Hydronest Private Limited | Cfo | 20 Sep 2024 | 2 Years 1 Months | Current |
| Jitendra Uttamchand Lodha | Director | 21 Sep 2024 | 2 Years 1 Months | Current |
| Sneha Kiran Karnawat | Director | 03 Sep 2024 | 2 Years 2 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 2014 | 10481914 | Hdfc Bank Limited | ₹1.6 Cr | Open | |
| 28 May 2021 | 100450922 | Hdfc Bank Limited | ₹55 Lakh | Satisfied | |
| 30 Jun 2010 | 10228009 | The Janata Sahakari Bank Limited Pune | ₹29 Lakh | Satisfied |
To see the full charge records of Asha Resins Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Asha Resins 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 Resins Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Asha Resins Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Asha Resins has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA5790M1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asha Resins Limited, buy the company report.
Recent activity
Asha Resins Limited has 11 board changes on record since 1993: 5 appointments and 6 cessations. The latest: Jitendra Uttamchand Lodha was appointed as Director on 21 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Asha Resins is an active public limited company based in Khed, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 20 August 1993 (33+ years old) and is registered under CIN U99999MH1993PLC073569.
Asha Resins has 5 current directors and KMP:
- Kiran Mohanlal Karnawat - Managing Director
- Kewal Rasiklal Mehta - Director
- Jitendra Uttamchand Lodha - Director
- Sneha Kiran Karnawat - Director
- Seema Kiran Karnawat - Cfo
The latest financial statements of Asha Resins 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 Resins is 27AABCA5790M1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Asha Resins is U99999MH1993PLC073569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asha Resins was incorporated on 20 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Pune.
Jitendra Uttamchand Lodha was appointed as Director on 21 Sep 2024. Kewal Rasiklal Mehta was appointed as Director on 21 Sep 2024. Asha Mohanlal Karnavat ceased to be Director on 20 Sep 2024. Asha Resins has 11 board changes on record in total.
Asha Resins has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 22 May 2019.
Asha Resins can be reached through the website asharesins.com. Its registered office is in Khed, Maharashtra, India.
The registered office of Asha Resins is at Gat No. 2272, AP Dhanore Khed, Maharashtra, India – 412105.
Asha Resins operates in the chemicals and materials industry, in the industrial chemicals segment.
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