About Ashapura Aromas Private Limited
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Ashapura Aromas Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Azelis (India) Private Limited. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 09 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24244MH2003PTC139985. Its GSTIN is 27AAECA1709P1ZH (Maharashtra). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹20.5 Cr and a paid-up capital of ₹7.5 Lakh. It is led by directors including Ajaykiran Kantilal Gudka (Managing Director) and Carlo Ravera.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit 23 Ground Floor Champaklal Industrial Estate Sion East, Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2024, the company reported a revenue of ₹773.4 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹34.19 Cr (net margin 4.4%) and EBITDA of ₹52.29 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 11% over five years.
The company has about 102 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashapura Aromas. As per MCA filings, the company has satisfied charges of ₹99 Cr on record. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹20 Cr; the latest was in September 2022. Its 7 peer companies in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 4 smaller; the largest is DKSH India Private Limited with revenue of ₹825.1 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 930 overdue payments to 71 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 ashapuraaromas.com.
Company details
Contact details
Ashapura Aromas Private Limited's registered office is in Mumbai, Maharashtra. Its website is ashapuraaromas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit 23 Ground Floor Champaklal Industrial Estate Sion East, Mumbai, Maharashtra, India – 400022
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Ashapura Aromas 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
Brands
Ashapura Aromas operates one associated brand: Ashapura Aromas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fragrances and flavour ingredients are manufactured and distributed globally. | ashapuraaromas.com |
Business activity
The main business activity of Ashapura Aromas 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 Ashapura Aromas Private Limited, buy the company report.
Financials of Ashapura Aromas Private Limited
FY 2024 filings availableAshapura Aromas Private Limited reported revenue of ₹773.4 Cr (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 35% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹773.4 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.19 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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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 | 6.8% | ||||
| Net Profit Margin | 4.4% | ||||
| 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 Ashapura Aromas Private Limited, buy the company report.
Board of directors of Ashapura Aromas Private Limited
Ashapura Aromas has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Carlo Ravera Also directs: Azelis (India) Private Limited | Director | 07 Sep 2022 | 4 Years 1 Months | Current |
| Ajaykiran Kantilal Gudka Also directs: Anupam Ingredients LLP | Managing Director | 27 May 2025 | 1 Years 4 Months | Current |
| Nayan Kantilal Gudka Also directs: Anupam Ingredients LLP, Eksna Risktech Private Limited | Director | 23 Sep 2025 | 1 Years 1 Months | Current |
| Benoit Michel Marc Yvon Fritz Also directs: Azelis (India) Private Limited | Director | 23 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Ashapura Aromas Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| DKSH India Private Limited | ₹825.1 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Indus Petrochem Limited | ₹803.27 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Cher Life Healthcare Private Limited | ₹798.11 Cr (FY 2024) | -27.0% | Nagpur, Maharashtra, India | |||
| Ashapura Aromas Private Limitedthis company | ₹773.4 Cr (FY 2024) | ₹34.19 Cr | 4.4% | -1.0% | 102 | Mumbai, Maharashtra, India |
| Anr International Private Limited | ₹764.11 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Shreya Petrochem Private Limited | ₹758.73 Cr (FY 2025) | 13.0% | Udaipur, Rajasthan, India | |||
| DB Tradelink Private Limited | ₹754.72 Cr (FY 2025) | 451.0% | Gandhidham, Gujarat, India | |||
| Yash Polychem Private Limited | ₹702.15 Cr (FY 2024) | 27.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ashapura Aromas Private Limited, buy the company report.
Auditor
Ashapura Aromas Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Ashapura Aromas 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 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 Ashapura Aromas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2023 | 100792853 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Satisfied | |
| 15 Apr 2021 | 100441496 | Others | ₹18 Cr | Satisfied | |
| 20 Apr 2017 | 100109603 | Hdfc Bank Limited | ₹8 Cr | Satisfied | |
| 25 Jan 2017 | 100105704 | Hdfc Bank Limited | ₹8 Cr | Satisfied | |
| 25 Oct 2012 | 10384584 | Citi Bank N.A. | ₹18 Cr | Satisfied |
To see the full charge records of Ashapura Aromas Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Ashapura Aromas Private Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹20 Cr; the latest was in September 2022.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Acquisition | ₹495.3 Cr | Buyer: Azelis (India) Private Limited Seller: 4 individuals |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Feb 2021 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
To see the full deal history of Ashapura Aromas 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
No court or tribunal cases involving Ashapura Aromas 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
Ashapura Aromas Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 930 overdue payments to 71 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 71)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alchemie Finechem Private Limited | |||
| Shree Bankey Behari Lal Flavors | |||
| Tadimety Aromatics Private Limited | |||
| Mitkalp Exim Private Limited | |||
| Keva Flavours Private Limited |
To see the full MSME payment records of Ashapura Aromas Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ashapura Aromas Private Limited has a workforce of 102 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Ashapura Aromas has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA1709P1ZH | Maharashtra | Active | 01 Jul 2017 |
| 27AAECA1709P3ZF | Maharashtra | Active | 01 Dec 2022 |
| 27AAECA1709P4ZE | Maharashtra | Active | 28 Mar 2025 |
| 09AAECA1709P2ZE | Uttar Pradesh | Active | 17 Nov 2023 |
To see the full GST registrations and return filing status of Ashapura Aromas Private Limited, buy the company report.
Recent activity
Ashapura Aromas Private Limited has 13 board changes on record since 2016: 4 appointments and 9 cessations. The latest: Shardul Sudhir Kamalapurkar ceased to be Additional Director on 29 Sep 2025.
22 earlier events are in the company report.
Frequently asked questions
Ashapura Aromas is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 09 April 2003 (23+ years old) and is registered under CIN U24244MH2003PTC139985.
Ashapura Aromas has 4 current directors:
- Ajaykiran Kantilal Gudka - Managing Director
- Carlo Ravera - Director
- Nayan Kantilal Gudka - Director
- Benoit Michel Marc Yvon Fritz - Director
The latest financial statements of Ashapura Aromas on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashapura Aromas is 27AAECA1709P1ZH, registered in Maharashtra. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAECA1709P3ZF (Maharashtra), 27AAECA1709P4ZE (Maharashtra), 09AAECA1709P2ZE (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ashapura Aromas is U24244MH2003PTC139985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Aromas was incorporated on 09 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashapura Aromas has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹20 Cr; the latest was in September 2022.
The peers of Ashapura Aromas by revenue are DKSH India Private Limited, Indus Petrochem Limited, Cher Life Healthcare Private Limited, Anr International Private Limited, Shreya Petrochem Private Limited and 2 more, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Shardul Sudhir Kamalapurkar ceased to be Additional Director on 29 Sep 2025. Benoit Michel Marc Yvon Fritz was appointed as Director on 23 Sep 2025. Nayan Kantilal Gudka was appointed as Director on 23 Sep 2025. Ashapura Aromas has 13 board changes on record in total.
Ashapura Aromas has 12 MSME Form 1 returns on record between 2019 and 2024, listing 930 overdue payments to 71 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Ashapura Aromas can be reached through the website ashapuraaromas.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ashapura Aromas is at Unit 23 Ground Floor Champaklal Industrial Estate Sion East, Mumbai, Maharashtra, India – 400022.