Ashapura Industrial Finance Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2008.

2008 Mumbai, Maharashtra, India Active

Last Updated: March 13, 2026

About Ashapura Industrial Finance Limited

Ashapura Industrial Finance Limited, a active public limited company, was established on 07 February 2008 in Mumbai, Maharashtra, India. Engaging in diversified financial services within the financial and insurance service sector, it holds CIN: U24100MH2008PLC178587. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹0.50 M.

It upholds a compliant status. Its leadership includes Harish Narendra Motiwalla (Director), Hemul Ramesh Shah (Director), Pundarik Sanyal (Director). Past directors included Dina Chetan Shah, Harish Narendra Motiwalla, Pundarik Sanyal. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Jeevan Udyog Building, 3Rd Floor, 278, D. N. Road,, Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
U24100MH2008PLC178587
Registration Number
178587
Incorporation Date
07 February 2008
Authorized Capital
₹10.00 Cr
Paid-Up Capital
₹0.50 M
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 10.00 Cr as on 13-03-2026
Paid Up Capital ₹ 0.50 M as on 13-03-2026
Company Age 18 Year, 1 Month
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 1.41% (FY 2023)
Profit Growth **** 4.34% (FY 2023)
Ebitda **** 0.20% (FY 2023)
Net Worth 64.86% (FY 2023)
Total Assets **** 16.39% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Ashapura Industrial Finance Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Ashapura Industrial Finance Limited?

Current Directors

Name	Designation	Appointment Date	Status
Harish Narendra Motiwalla	Director	12 Feb 2024	Current
Hemul Ramesh Shah	Director	07 Feb 2008	Current
Pundarik Sanyal	Director	12 Feb 2024	Current
Chetan Navnitlal Shah	Director	07 Feb 2008	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	10 Jan 2025	Past
Pramod Abcsdd	Additional Director	29 Sep 2024	Past
Pramod Abcsdd	Additional Director	29 Sep 2024	Past

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Financial Performance of Ashapura Industrial Finance.

Ashapura Industrial Finance Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 1.41% increase. The company also saw a slight improvement in profitability, with a 4.34% increase in profit. The company's net worth Soared by an impressive increase of 64.86%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

1.41%

*******

Revenue from Operations

*******

1.41%

*******

Total Assets

*******

16.39%

*******

Profit or Loss

*******

4.34%

*******

Net Worth

*******

64.86%

*******

EBITDA

*******

0.20%

*******

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What is the Ownership and Shareholding Structure of Ashapura Industrial Finance?

In 2023, Ashapura Industrial Finance had a promoter holding of 99.99% and a public holding of 0.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Ashapura Industrial Finance?

Unlock and access historical data on people associated with Ashapura Industrial Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Ashapura Industrial Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ashapura Industrial Finance's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Ashapura Industrial Finance

Recent Activity within the Organization

Annual General Meeting

The activity Ashapura Industrial Finance Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.
30 Sep 2025
Balance Sheet

Progress on Ashapura Industrial Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was documented.
31 Mar 2025
Director Appointment

Harish Narendra Motiwalla was appointed as a Director was appointed as a Director on 12 Feb 2024 & has been associated with this company since 2 years 1 month . was recorded as a recent event.
12 Feb 2024
Director Appointment

Pundarik Sanyal was appointed as a Director was appointed as a Director on 12 Feb 2024 & has been associated with this company since 2 years 1 month . was recorded as a recent event.
12 Feb 2024
Director Appointment

Hemul Ramesh Shah was appointed as a Director was appointed as a Director on 07 Feb 2008 & has been associated with this company since 18 years 1 month . was recorded as a recent event.
07 Feb 2008
Director Appointment

Chetan Navnitlal Shah was appointed as a Director was appointed as a Director on 07 Feb 2008 & has been associated with this company since 18 years 1 month . was recorded as a recent event.
07 Feb 2008

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