India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,028 Chetan Navnitlal Shah & family ₹2,600 Cr
Revenue · FY 2025
₹84.21 Lakh
▲ 128% YoY
Net loss · FY 2025
₹1.01 Cr
Net margin -119.6%
EBITDA · FY 2025
-₹12.91 Lakh
EBITDA margin -15.3%
Authorised capital
₹4.25 Cr
Registered with MCA
Paid-up capital
₹3.58 Cr
Issued & subscribed
Satisfied charges
₹6.17 Cr
No open charges
Company age
31 yrs
Est. 1995
Employees · EPFO
5
Provident fund records
About Ashapura Claytech Limited
Data last updated:
Ashapura Claytech Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashapura Minechem Ltd. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 11 July 1995 and has been in existence for over 31 years.
Its director Chetan Navnitlal Shah and family are #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26939MH1995PLC090484. Its GSTIN is 36AAACA8321M1ZM (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.25 Cr and a paid-up capital of ₹3.58 Cr. It is led by directors including Suryakant Matulal Shah and Hemul Ramesh Shah.
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jeevan Udyog Building 3rd Floor 278 D N Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.21 Lakh, a growth of 128% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Cr (net margin -119.6%) and EBITDA of -₹12.91 Lakh (EBITDA margin -15.3%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 12% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹6.17 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in December 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashapura.com.
Company details
CIN U26939MH1995PLC090484
Registration Number 090484
Incorporation Date 11 July 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Ashapura Minechem Ltd
Compliance Status Active Compliant
CIN history
Ashapura Claytech has one previous CIN (Corporate Identification Number): U26939MH1995PTC090484. The current CIN is U26939MH1995PLC090484, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26939MH1995PLC090484 | Current |
| U26939MH1995PTC090484 | Previous |
Key People
Suryakant Matulal Shah Director Hemul Ramesh Shah Director Chetan Navnitlal Shah Director Recognitions & Rankings of Ashapura Claytech
Contact details
Ashapura Claytech Limited's registered office is in Mumbai, Maharashtra. Its website is ashapura.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressJeevan Udyog Building 3rd Floor 278 D N Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Ashapura Claytech Limited, buy the company report.
Comprehensive company report
Ashapura Claytech Limited - one report that includes everything
- 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
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Business activity
The main business activity of Ashapura Claytech is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Ashapura Claytech Limited, buy the company report.
Financials of Ashapura Claytech Limited
FY 2025 filings availableAshapura Claytech Limited reported revenue of ₹84.21 Lakh (up 128% YoY) for FY 2025.
Revenue · FY 2025
₹84.21 Lakh ▲ 128%
Net loss · FY 2025
₹1.01 Cr margin -119.6%
EBITDA · FY 2025
-₹12.91 Lakh margin -15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 128%
3 years · compounded
▼ 54%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▲ 78%
3 years · compounded
▼ 31%
5 years · compounded
▲ 29%
Revenue rose 128% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA rose 78% 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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| Total Expenses | |||||
| EBITDA | -₹12.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.01 Cr | ||||
| Balance Sheet | |||||
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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 | -15.3% | ||||
| Net Profit Margin | -119.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashapura Claytech Limited, buy the company report.
Board of directors of Ashapura Claytech Limited
Ashapura Claytech has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suryakant Matulal Shah Also directs: Ashapura Aluminium Limited, Indiamco Infrastructure and Real Estate Private Limited, Alterra Pavana Private Limited and 5 more | Director | 13 Apr 2015 | 11 Years 6 Months | Current |
| Hemul Ramesh Shah Also directs: Ashapura Minechem Ltd, Manico Resources Private Limited, Manico Minerals International Private Limited and 5 more | Director | 15 May 2009 | 17 Years 5 Months | Current |
| Chetan Navnitlal Shah | Director | 02 Nov 2009 | 16 Years 11 Months | Current |
Auditor
Ashapura Claytech Limited is audited by R A KUVADIA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A KUVADIA & CO | FY 2021 | 105487W |
Shareholding
The shareholding of Ashapura Claytech 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashapura Claytech Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6.17 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 May 2000 | 90157489 | Bank of India | ₹1.81 Cr | Satisfied | |
| 30 Oct 1996 | 90155022 | Bank of India | ₹2.26 Cr | Satisfied | |
| 17 Aug 1996 | 80047297 | Bank of India | ₹25 Lakh | Satisfied | |
| 17 Aug 1996 | 90156391 | Bank of India | ₹1.85 Cr | Satisfied |
To see the full charge records of Ashapura Claytech Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Ashapura Claytech Limited has 2 deals on record (2 secondary share transfers); the latest was in December 2014.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: Ashapura Minechem Ltd Seller: an individual |
| Oct 2006 | Secondary share transfer | Undisclosed | Buyer: Ashapura Minechem Ltd Seller: Ashpura International Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashapura Claytech Limited has 10 court cases on record: 8 filed by Ashapura Claytech, 2 filed against it. 1 case is pending and 9 are disposed.
Total cases
10
Filed by the company
8
Filed against the company
2
Pending
1
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| District courts | 4 | 1 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Amravati | Insolvency matter | Filed by the company against K.P.R.Agrochem Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Columbia Petro Chem Pvt Ltd | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Columbia Petro Chem Pvt. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S. Columbia Petro Chem Pvt. Ltd. | Disposed |
| District court, Vikarabad, Telangana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Ashapura Claytech 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 Ashapura Claytech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashapura Claytech Limited has a workforce of 5 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-16.67%
GST
Ashapura Claytech has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACA8321M1ZM | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashapura Claytech Limited, buy the company report.
Recent activity
Ashapura Claytech Limited has 11 board changes on record since 2009: 3 appointments and 8 cessations. The latest: Suryakant Matulal Shah ceased to be Additional Director on 21 Sep 2015.
AGM
Ashapura Claytech Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Filing
Ashapura Claytech Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Suryakant Matulal Shah ceased to be Additional Director.
Ceased
Navnitlal Ratanji Shah ceased to be Director.
Appointed
Suryakant Matulal Shah was appointed as Director.
Ceased
Mohideen Mohamed Sheik Dawood ceased to be Director.
Ceased
Chetan Navnitlal Shah ceased to be Additional Director.
Appointed
Chetan Navnitlal Shah was appointed as Director.
Ceased
Jayesh Nagindas Doshi ceased to be Director.
Ceased
Hemul Ramesh Shah ceased to be Additional Director.
Ceased
Pradeep Kantilal Vakharia ceased to be Director.
Appointed
Hemul Ramesh Shah was appointed as Director.
13 earlier events are in the company report.
News
Frequently asked questions
Ashapura Claytech is an active public limited company based in Mumbai, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 11 July 1995 (31+ years old) and is registered under CIN U26939MH1995PLC090484.
Ashapura Claytech has 3 current directors:
- Suryakant Matulal Shah - Director
- Hemul Ramesh Shah - Director
- Chetan Navnitlal Shah - Director
The latest financial statements of Ashapura Claytech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashapura Claytech is 36AAACA8321M1ZM, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashapura Claytech is U26939MH1995PLC090484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Claytech has 10 court cases on record: 8 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Ashapura Claytech was incorporated on 11 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashapura Claytech has 2 deals on record (2 secondary share transfers); the latest was in December 2014.
Suryakant Matulal Shah ceased to be Additional Director on 21 Sep 2015. Navnitlal Ratanji Shah ceased to be Director on 13 Apr 2015. Suryakant Matulal Shah was appointed as Director on 13 Apr 2015. Ashapura Claytech has 11 board changes on record in total.
Ashapura Claytech can be reached through the website ashapura.com. Its registered office is in Mumbai, Maharashtra, India.