Ashar Lubricants Private Limited
About Ashar Lubricants Private Limited
Data last updated:
Ashar Lubricants Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 06 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U34300MH1998PTC113863. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Kiran Ashar Gopaldas and Sunit Ashar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 40 – Om Atmanand Co – Op Hsg. Society Saraswat Colony Santacruz West, Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.75 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹3.77 Lakh (net margin -100.3%) and EBITDA of -₹4.35 Lakh (EBITDA margin -115.8%). Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 72% over five years.
As per MCA filings, the company has satisfied charges of ₹1.45 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Ashar Lubricants Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address40 – Om Atmanand Co – Op Hsg. Society Saraswat Colony Santacruz West, Mumbai, Maharashtra, India – 400054
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Ashar Lubricants 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
Business activity
The main business activity of Ashar Lubricants 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 Ashar Lubricants Private Limited, buy the company report.
Financials of Ashar Lubricants Private Limited
FY 2025 filings availableAshar Lubricants Private Limited reported revenue of ₹3.75 Lakh (down 99% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over five years, including a 99% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.75 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.77 Lakh | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -115.8% | ||||
| Net Profit Margin | -100.3% | ||||
| 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 Ashar Lubricants Private Limited, buy the company report.
Board of directors of Ashar Lubricants Private Limited
Ashar Lubricants has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Ashar Gopaldas | Director | 06 Mar 1998 | 28 Years 8 Months | Current |
| Sunit Ashar | Director | 11 May 2016 | 10 Years 6 Months | Current |
| Nitin Gopaldas Ashar | Director | 06 Mar 1998 | 28 Years 8 Months | Current |
Auditor
Ashar Lubricants Private Limited is audited by CHIRAG MEHTA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHIRAG MEHTA & ASSOCIATES | FY 2018 | 126657W |
Shareholding
The shareholding of Ashar Lubricants Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ashar Lubricants Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2010 | 10259040 | Dena Bank | ₹1.25 Cr | Satisfied | |
| 19 Jun 1999 | 90234548 | Rupee Co-Operative Bank Ltd. | ₹20 Lakh | Satisfied |
To see the full charge records of Ashar Lubricants Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ashar Lubricants Private Limited has 5 court cases on record: 4 filed by Ashar Lubricants, 1 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Haji Gulam Mohammad Azam Education Trust | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Ashar Lubricants Private 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 Ashar Lubricants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashar Lubricants has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ashar Lubricants Private Limited, buy the company report.
Recent activity
Ashar Lubricants Private Limited has 7 board changes on record since 1998: 3 appointments and 4 cessations. The latest: Sunit Ashar ceased to be Additional Director on 30 Sep 2016.
4 earlier events are in the company report.
Frequently asked questions
Ashar Lubricants 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 06 March 1998 (28+ years old) and is registered under CIN U34300MH1998PTC113863.
Ashar Lubricants has 3 current directors:
- Kiran Ashar Gopaldas - Director
- Sunit Ashar - Director
- Nitin Gopaldas Ashar - Director
The latest financial statements of Ashar Lubricants on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Ashar Lubricants has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashar Lubricants is U34300MH1998PTC113863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashar Lubricants has 5 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending.
Ashar Lubricants was incorporated on 06 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Sunit Ashar ceased to be Additional Director on 30 Sep 2016. Sunit Ashar was appointed as Director on 11 May 2016. Jaya Gopaldas Ashar ceased to be Director on 01 Oct 2013. Ashar Lubricants has 7 board changes on record in total.
The registered office of Ashar Lubricants is at 40 – Om Atmanand Co – Op Hsg. Society Saraswat Colony Santacruz West, Mumbai, Maharashtra, India – 400054.
Ashar Lubricants operates in the chemicals and materials industry, in the chemical distribution and retail segment.
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