Ashajyot Mercantile Private Limited
About Ashajyot Mercantile Private Limited
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Ashajyot Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 15 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2010PTC200109. Its GSTIN is 27AAICA2437N1ZE (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashok Nawal and Chirag Ashok Nawal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.89 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net profit of ₹3.31 Cr (net margin 6.4%) and EBITDA of ₹5.72 Cr (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 448% over three years and 63% over five years.
As per MCA filings, the company has satisfied charges of ₹63 Cr on record. Court records list 16 cases involving the company, including 16 filed by the company; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ashajyot Mercantile has one previous CIN (Corporate Identification Number): U74999MH2010PTC200109. The current CIN is U70100MH2010PTC200109, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2010PTC200109 | Current |
| U74999MH2010PTC200109 | Previous |
Contact details
Ashajyot Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No. 2 Block A First Floor Aidun Building John Crasto Lane Dhobi Talao J. S Shet, H Road, Mumbai, Maharashtra, India – 400002
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Ashajyot Mercantile 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 Ashajyot Mercantile is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ashajyot Mercantile Private Limited, buy the company report.
Financials of Ashajyot Mercantile Private Limited
FY 2024 filings availableAshajyot Mercantile Private Limited reported revenue of ₹51.89 Cr (down 64% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 64% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 63%. EBITDA fell 19% 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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| Total Expenses | |||||
| EBITDA | ₹5.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.31 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 6.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Ashajyot Mercantile Private Limited, buy the company report.
Board of directors of Ashajyot Mercantile Private Limited
Ashajyot Mercantile has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Nawal Also directs: Novitate Partners LLP, Divyajyot Mercantile LLP, Sharayu Mercantile Private Limited and 5 more | Director | 26 Feb 2021 | 5 Years 8 Months | Current |
| Chirag Ashok Nawal | Director | 22 Jun 2023 | 3 Years 4 Months | Current |
| Amol Rajendra Nawal Also directs: Novitate Partners LLP, Divyajyot Mercantile LLP, Sharayu Mercantile Private Limited and 3 more | Director | 24 Jan 2013 | 13 Years 9 Months | Current |
Peer comparison
Ashajyot Mercantile Private Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Machinery and Equipment Retail and Distribution, Materials Retail and Distribution, Real Estate Marketing), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Balaji Coal Private Limited | ₹52.53 Cr (FY 2025) | 22.0% | Indore, Madhya Pradesh, India | |||
| Ashajyot Mercantile Private Limitedthis company | ₹51.89 Cr (FY 2024) | ₹3.31 Cr | 6.4% | -64.0% | Mumbai, Maharashtra, India | |
| Subrahmanya Impex Private Limited | ₹51.78 Cr (FY 2024) | -12.0% | Hyderabad, Telangana, India | |||
| Parda Agencies Pvt Ltd | ₹51.72 Cr (FY 2025) | 25.0% | Indore, Madhya Pradesh, India | |||
| Reliable Engineering Products India Private Limited | ₹51.65 Cr (FY 2024) | 0.0% | Telangana, India | |||
| Shri Guru Kirpa Associates Private Limited | ₹51.64 Cr (FY 2021) | -25.0% | Guwahati, Assam, India | |||
| Olenasons (India) Private Limited | ₹51.62 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ashajyot Mercantile Private Limited, buy the company report.
Auditor
Ashajyot Mercantile Private Limited is audited by R.A.KUVADIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.A.KUVADIA & CO. | FY 2023 | 105487W |
Shareholding
The shareholding of Ashajyot Mercantile 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashajyot Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2023 | 100701430 | Hdfc Bank Limited | ₹30 Cr | Satisfied | |
| 14 Jan 2022 | 100531477 | Hdfc Bank Limited | ₹33 Cr | Satisfied |
To see the full charge records of Ashajyot Mercantile Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ashajyot Mercantile Private Limited has 16 court cases on record: 16 filed by Ashajyot Mercantile. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 3 |
| District courts | 4 | 0 | 2 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Gauhati High Court | Appeal | Filed by the company against The Assam Industrial Development Corporation Limited Aidc Ltd and 1 other | Pending |
| Gauhati High Court | Interim or miscellaneous application | Filed by the company against The Assam Industrial Development Corporation Limited Aidc Ltd, and 1 other | Pending |
| Gauhati High Court | Writ petition | Filed by the company against The Assam Industrial Development Corporation Ltd. (Aidc Ltd.) and 2 Ors. and 2 others | Disposed |
| District court, Chandigarh | Execution petition | Filed by the company against Employee State Insurance Corportation (Esic) | Pending |
| District court, Rupnagar, Punjab | Arbitration matter | Filed by the company against Union of India and 3 others | Pending |
To see the full case history of Ashajyot Mercantile 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashajyot Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashajyot Mercantile has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA2437N1ZE | Maharashtra | Active | 01 Jul 2017 |
| 27AAICA2437N2ZD | Maharashtra | Active | 01 Apr 2025 |
| 03AAICA2437N2ZN | Punjab | Active | 15 Nov 2021 |
| 19AAICA2437N1ZB | West Bengal | Active | 13 Apr 2023 |
To see the full GST registrations and return filing status of Ashajyot Mercantile Private Limited, buy the company report.
Recent activity
Ashajyot Mercantile Private Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Chirag Ashok Nawal ceased to be Additional Director on 29 Sep 2023.
4 earlier events are in the company report.
Frequently asked questions
Ashajyot Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 15 February 2010 (16+ years old) and is registered under CIN U70100MH2010PTC200109.
Ashajyot Mercantile has 3 current directors:
- Ashok Nawal - Director
- Chirag Ashok Nawal - Director
- Amol Rajendra Nawal - Director
The latest financial statements of Ashajyot Mercantile on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashajyot Mercantile is 27AAICA2437N1ZE, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAICA2437N2ZD (Maharashtra), 03AAICA2437N2ZN (Punjab), 19AAICA2437N1ZB (West Bengal).
The CIN (Corporate Identification Number) of Ashajyot Mercantile is U70100MH2010PTC200109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashajyot Mercantile has 16 court cases on record: 16 filed by the company. 5 are pending. Most are in the high courts.
Ashajyot Mercantile was incorporated on 15 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashajyot Mercantile by revenue are Balaji Coal Private Limited, Subrahmanya Impex Private Limited, Parda Agencies Pvt Ltd, Reliable Engineering Products India Private Limited, Shri Guru Kirpa Associates Private Limited and 1 more, all in the Real Estate industry (Machinery and Equipment Retail and Distribution, Materials Retail and Distribution, Real Estate Marketing), with the same principal business activity (wholesale trading).
Chirag Ashok Nawal ceased to be Additional Director on 29 Sep 2023. Chirag Ashok Nawal was appointed as Director on 22 Jun 2023. Ashok Nawal ceased to be Additional Director on 30 Nov 2021. Ashajyot Mercantile has 9 board changes on record in total.
The registered office of Ashajyot Mercantile is at Flat No. 2 Block A First Floor Aidun Building John Crasto Lane Dhobi Talao J. S Shet, H Road, Mumbai, Maharashtra, India – 400002.
Ashajyot Mercantile operates in the machinery and equipment industry, in the industrial machinery retail and distribution segment.
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