Hurun India Rich List 2026 edition · 1 director
- #1,028 Chetan Navnitlal Shah & family ₹2,600 Cr
Revenue · FY 2022
₹1.25 Cr
▲ 1533% YoY
Net profit · FY 2022
₹1.23 Cr
Net margin 98.8%
EBITDA · FY 2022
-₹32,000
EBITDA margin -0.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ashapura Resources Private Limited
Data last updated:
Ashapura Resources Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashapura Minechem Ltd. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 17 April 2013 and has been in existence for over 13 years.
Its director Chetan Navnitlal Shah and family are #1,028 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14200MH2013PTC242002. Its GSTIN is 24AAICM6667N1ZS (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Mineralco International Private Limited. It is led by directors including Sachin Prakash Polke and Manan Chetan 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 278 2nd Floor Jeevan Udyog Building D. N. Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.25 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 98.8%) and EBITDA of -₹32,000 (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 693% over three years.
The company has 1 deal on record (1 acquisition); the latest was in December 2017.
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 of Ashapura Resources Private Limited
CIN U14200MH2013PTC242002
Registration Number 242002
Incorporation Date 17 April 2013
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
Name History of Ashapura Resources Private Limited
Ashapura Resources has undergone 3 name changes throughout its history. The company was previously known as Mineralco International Private Limited, Ashapura Resources Private Limited, and Ashapura Global Resources Private Limited. The current legal name is Ashapura Resources Private Limited.
| Company Name | Status |
|---|---|
| Ashapura Resources Private Limited | Current |
| Mineralco International Private Limited | Previous |
| Ashapura Global Resources Private Limited | Previous |
Recognitions & Rankings of Ashapura Resources
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address278 2nd Floor Jeevan Udyog Building D. N. Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryMetals and Minerals, Metal Manufacturing & Processing
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Financials of Ashapura Resources Private Limited FY 2025 filings available
Ashapura Resources Private Limited reported revenue of ₹1.25 Cr (up 1533% YoY) for FY 2022.
Revenue · FY 2022
₹1.25 Cr ▲ 1533%
Net profit · FY 2022
₹1.23 Cr margin 98.8%
EBITDA · FY 2022
-₹32,000 margin -0.3%
Compounded Annual Growth Rate (CAGR) of Ashapura Resources Private Limited
Revenue CAGR growth
3 years · compounded
▲ 693%
Revenue has grown at a compounded annual rate (CAGR) of 693% over three years. 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 of Ashapura Resources Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.25 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹32,000 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.23 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 of Ashapura Resources Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 98.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashapura Resources are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Ashapura Resources Private Limited
Ashapura Resources has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Prakash Polke | Director | 30 Nov 2017 | 8 Years 10 Months | Current |
| Manan Chetan Shah | Director | 30 Nov 2017 | 8 Years 10 Months | Current |
| Chetan Navnitlal Shah | Director | 30 Nov 2017 | 8 Years 10 Months | Current |
Auditor Details of Ashapura Resources Private Limited
Ashapura Resources Private Limited is audited by SANGHAVI & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANGHAVI & CO. | Locked | Locked | Locked |
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Ownership and Shareholding of Ashapura Resources Private Limited
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Charges & Borrowings of Ashapura Resources Private Limited
Ashapura Resources Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Ashapura Resources Private Limited
Ashapura Resources Private Limited has 1 deal on record (1 acquisition); the latest was in December 2017.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Acquisition | ₹1 Lakh | Buyer: Ashapura Minechem Ltd |
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Employees and EPFO Compliance at Ashapura Resources Private Limited
Employment history and EPFO contributions of people linked to Ashapura Resources.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Ashapura Resources Private Limited
Ashapura Resources Private Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Chetan Navnitlal Shah ceased to be Additional Director on 29 Sep 2018.
AGM
Ashapura Resources Private Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Filing
Ashapura Resources Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Chetan Navnitlal Shah ceased to be Additional Director.
Ceased
Sachin Prakash Polke ceased to be Additional Director.
Appointed
Chetan Navnitlal Shah was appointed as Director.
Appointed
Manan Chetan Shah was appointed as Director.
Appointed
Sachin Prakash Polke was appointed as Director.
Ceased
Sunil Khimji Shah ceased to be Director.
Ceased
Sabitha Balraj Karkal ceased to be Additional Director.
Ceased
Pallavi Avijit Mukherjee ceased to be Director.
Ceased
Manan Chetan Shah ceased to be Director.
Incorporation
17 Apr 2013
Ashapura Resources Private Limited was registered on 17 Apr 2013 with Roc Mumbai & aged 13 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Ashapura Resources Private Limited
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MSME Payment Delays by Ashapura Resources Private Limited
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Subsidiaries & Group Companies of Ashapura Resources Private Limited
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GST Compliance of Ashapura Resources Private Limited
Ashapura Resources has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICM6667N1ZS | Gujarat | Active | 22 Aug 2018 |
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MCA Filings & Documents of Ashapura Resources Private Limited
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Related news about Ashapura Resources Private Limited
Frequently Asked Questions about Ashapura Resources Private Limited
Ashapura Resources is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 17 April 2013 (13+ years old) and is registered under CIN U14200MH2013PTC242002.
Ashapura Resources reported revenue of ₹1.25 Cr for FY 2022 (up 1533% YoY).
Ashapura Resources has 3 current directors:
- Sachin Prakash Polke - Director
- Manan Chetan Shah - Director
- Chetan Navnitlal Shah - Director
Ashapura Resources reported a net profit of ₹1.23 Cr (net margin 98.8%) and EBITDA of -₹32,000 (EBITDA margin -0.3%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashapura Resources is 693% over three years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashapura Resources is 24AAICM6667N1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Ashapura Resources is U14200MH2013PTC242002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Resources was incorporated on 17 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashapura Resources has 1 deal on record (1 acquisition); the latest was in December 2017.
Chetan Navnitlal Shah ceased to be Additional Director on 29 Sep 2018. Sachin Prakash Polke ceased to be Additional Director on 29 Sep 2018. Chetan Navnitlal Shah was appointed as Director on 30 Nov 2017. Ashapura Resources has 9 board changes on record in total.