About Ashapura International Limited
Data last updated:
Ashapura International Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashapura Minechem Ltd. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 18 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14108MH1989PLC054664. Its GSTIN is 27AABCA2760K1ZP (Maharashtra). The company holds 17 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Ashapura International Private Limited. It is led by directors including Avijit Mukherjee (Whole-Time Director) and Pundarik Sanyal.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jeevan Udyog Bldg 3rd Floor 278 – D N Rd Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹629.94 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹52.8 Cr (net margin 8.4%) and EBITDA of ₹90.55 Cr (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
The company has about 706 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashapura. As per MCA filings, the company has open charges of ₹50.42 Cr and satisfied charges of ₹9.91 Cr on record. Court records list 71 cases involving the company, including 42 filed by the company and 29 filed against it; 14 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2019. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 18 overdue payments to 2 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 ashapura.com.
Company details
CIN history
Ashapura International has one previous CIN (Corporate Identification Number): U14108MH1989PTC054664. The current CIN is U14108MH1989PLC054664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U14108MH1989PLC054664 | Current |
| U14108MH1989PTC054664 | Previous |
Contact details
Ashapura International Limited's registered office is in Mumbai, Maharashtra. Its website is ashapura.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJeevan Udyog Bldg 3rd Floor 278 – D N Rd Fort, Mumbai, Maharashtra, India – 400001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Ashapura International 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 International operates one associated brand: Ashapura. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-mineral solutions are provided to industrial sectors. | ashapura.com |
Business activity
The main business activity of Ashapura International is mining and quarrying. In detail, this covers other mining and quarrying.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | 08 | Other mining and quarrying |
To see the full business activity and turnover split of Ashapura International Limited, buy the company report.
Financials of Ashapura International Limited
FY 2025 filings availableAshapura International Limited reported revenue of ₹629.94 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 1% growth in the latest year. EBITDA fell 18% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹629.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹90.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.8 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | ||||
| Net Profit Margin | 8.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ashapura International Limited, buy the company report.
Board of directors of Ashapura International Limited
Ashapura International has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pundarik Sanyal Also directs: Bombay Minerals Limited, Ashapura Industrial Finance Limited, Orient Advanced Materials Private Limited and 2 more | Director | 31 May 2019 | 7 Years 5 Months | Current |
| Hemul Ramesh Shah Also directs: Avani Shipping & Logistics LLP, Ashapura Minechem Ltd, Orient Ceratech Limited and 5 more | Director | 15 May 2009 | 17 Years 6 Months | Current |
| Chaitali Nishit Salot Also directs: Orient Ceratech Limited, Bombay Minerals Limited, Manico Minerals International Private Limited and 5 more | Director | 28 Jun 2024 | 2 Years 4 Months | Current |
| Avijit Mukherjee | Whole-Time Director | 28 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Ashapura International Limited is audited by SANGHAVI & COMPANY for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANGHAVI & COMPANY | FY 2025 | 109099W |
Shareholding
The shareholding of Ashapura International Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashapura International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2026 | 101230062 | Hdfc Bank Limited | ₹10.13 Lakh | Open | |
| 01 Oct 2025 | 101173119 | Hdfc Bank Limited | ₹9.95 Lakh | Open | |
| 01 Oct 2025 | 101173209 | Hdfc Bank Limited | ₹9.95 Lakh | Open | |
| 07 Aug 2025 | 101137655 | Hdfc Bank Limited | ₹14.57 Lakh | Open | |
| 31 Jul 2025 | 101185519 | Others | ₹1.5 Cr | Open |
To see the full charge records of Ashapura International Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Ashapura International Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Ashapura Minechem Ltd Seller: ASQ Connect Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: ASQ Connect Limited Seller: Ashapura Minechem Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashapura International Limited has 71 court cases on record: 42 filed by Ashapura International, 29 filed against it. 14 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 17 | 6 |
| High courts | 27 | 11 | 8 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Sai International Pet Products Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Alfredkim Systems and Solutions Private Limited | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Sengee Biochem Exim Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Alfredkim Systems and Solutions Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Sengee Biochem Exim Private Limited | Disposed |
To see the full case history of Ashapura International 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.
Credit ratings & regulatory alerts
Ashapura International Limited was last rated by Icra on 31 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Dec 2021 |
To see the full credit ratings and regulatory alerts of Ashapura International Limited, buy the company report.
MSME payment delays
Ashapura International Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 18 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shubham Multimodal LLP | |||
| Bombay Minerals Limited |
To see the full MSME payment records of Ashapura International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ashapura International Limited has a workforce of 706 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 706 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ashapura International Limited, buy the company report.
GST
Ashapura International has 17 GST registrations: 12 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA2760K1ZP | Maharashtra | Active | 01 Jul 2017 |
| 27AABCA2760K2ZO | Maharashtra | Active | 01 Sep 2017 |
| 08AABCA2760K1ZP | Rajasthan | Active | 01 Jul 2017 |
| 19AABCA2760K1ZM | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashapura International Limited, buy the company report.
Recent activity
Ashapura International Limited has 22 board changes on record since 1989: 13 appointments and 9 cessations. The latest: Chetan Navnitlal Shah ceased to be Director on 12 Aug 2025.
43 earlier events are in the company report.
News
Frequently asked questions
Ashapura International is an active public limited company based in Mumbai, Maharashtra, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 18 December 1989 (37+ years old) and is registered under CIN U14108MH1989PLC054664.
Ashapura International has 4 current directors:
- Avijit Mukherjee - Whole-Time Director
- Pundarik Sanyal - Director
- Hemul Ramesh Shah - Director
- Chaitali Nishit Salot - Director
The latest financial statements of Ashapura International on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashapura International is 27AABCA2760K1ZP, registered in Maharashtra. The company has 17 GST registrations in all, of which 12 are active and 5 are cancelled or inactive. Other active GSTINs include 27AABCA2760K2ZO (Maharashtra), 08AABCA2760K1ZP (Rajasthan), 19AABCA2760K1ZM (West Bengal).
The CIN (Corporate Identification Number) of Ashapura International is U14108MH1989PLC054664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura International has 71 court cases on record: 42 filed by the company and 29 filed against it. 14 are pending. Most are in the district courts.
Ashapura International was incorporated on 18 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashapura International has 2 deals on record (2 secondary share transfers); the latest was in September 2019.
Chetan Navnitlal Shah ceased to be Director on 12 Aug 2025. Harish Narendra Motiwalla ceased to be Director on 10 Mar 2025. Avijit Mukherjee was appointed as Whole-Time Director on 28 Jun 2024. Ashapura International has 22 board changes on record in total.
Ashapura International has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 18 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Oct 2022.
Ashapura International can be reached through the website ashapura.com. Its registered office is in Mumbai, Maharashtra, India.
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