Ashik Woollen Mills Limited - Company Profile

It is a manufacturing public limited company based in Mumbai, Maharashtra, India, established in 1983.
1983 Mumbai, Maharashtra, India Active
Last Updated:
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About Ashik Woollen Mills Limited

Ashik Woollen Mills Limited, a active public limited company, was established on 14 November 1983 in Mumbai, Maharashtra, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U19297MH1983PLC031335. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹14.00 Cr and a paid-up capital of ₹13.72 Cr.

Formerly known as Ashik Textiles Private Limited. It upholds a active non-compliant status. Its leadership includes Mahendra Sakarchand Mehta (Director), Naresh Rasiklal Shah (Director), Ashik Rameshchandra Shah (Director). It holds ₹50.91 Cr open charges and ₹10.00 Cr settled loans. Its latest AGM occurred on 30 September 2017, with the balance sheet filed on 31 March 2017. It is based at 205-B, 2Nd Floor, Balaji Krupa Chamber, 40/42 Kazi Sayed Street, Masjid Bandar, Mumbai, Maharashtra, 400003.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U19297MH1983PLC031335

  • Registration Number

    031335

  • Incorporation Date

    14 November 1983

  • Authorized Capital

    ₹14.00 Cr

  • Paid-Up Capital

    ₹13.72 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 14.00 Cr
  • Paid Up Capital ₹ 13.72 Cr
  • Company Age 42 Year, 3 Months
  • Last Filing with ROC 31 Mar 2017
  • Open Charges ₹ 50.91 Cr
  • Satisfied Charges ₹ 10.00 Cr
  • Revenue Growth **** -56.47%
  • Profit Growth **** 6.14%
  • Ebitda **** -15.82%
  • Net Worth -0.94%
  • Total Assets -0.30%
Company report

Ashik Woollen Mills Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Ashik Woollen Mills 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 Ashik Woollen Mills Limited?
Current Directors
Name Designation Appointment Date Status
Mahendra Sakarchand Mehta Director 22 Feb 2002 Current
Naresh Rasiklal Shah Director 04 Apr 1995 Current
Ashik Rameshchandra Shah Director 16 Apr 1994 Current

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Financial Performance of Ashik Woollen Mills.

Ashik Woollen Mills Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 56.47% decrease. The company also saw a slight improvement in profitability, with a 6.14% increase in profit. The company's net worth dipped by a decrease of 0.94%.

Ashik Woollen Mills revenue growth over time
Ashik Woollen Mills profit and loss trends over time
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
  • 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
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 -56.47%
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Revenue from Operations
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Total Assets
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 -0.30%
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Profit or Loss
*******
 6.14%
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Net Worth
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 -0.94%
*******
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*******
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EBITDA
*******
 -15.82%
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*******
*******
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What is the Ownership and Shareholding Structure of Ashik Woollen Mills?

In 2016, Ashik Woollen Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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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Charges (Loans)
Open Charges

₹509,070,000.00

Satisfied Charges

₹100,000,000.00

Charges Breakdown by Lending Institutions
  • Punjab National Bank : 21.52 Cr
  • The Vysya Bank Ltd : 13.15 Cr
  • Canara Bank : 8.00 Cr
  • Canara Bankm : 8.00 Cr
  • Dena Bank : 0.24 Cr
Latest Charge Details
Date Lender Amount Status
10 Feb 2005 Canara Bankm ₹8.00 Cr Open
28 Mar 2002 Canara Bank ₹8.00 Cr Open
16 Jan 2002 The Vysya Bank Ltd ₹11.00 Cr Open
20 Dec 2001 Punjab National Bank ₹2.00 Cr Open
25 Jul 2001 Punjab National Bank ₹4.00 Cr Open

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How Many Employees Work at Ashik Woollen Mills?

Unlock and access historical data on people associated with Ashik Woollen Mills, 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ashik Woollen Mills, 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 Ashik Woollen Mills's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Ashik Woollen Mills
Recent Activity within the Organization
  • Charges

    The activity A charge registered on 27 Mar 2002 via Charge ID 90213833 with International Asset Reconstruction Company Private Limited was fully satisfied on 14 Aug 2019. was completed.

  • Annual General Meeting

    The activity Ashik Woollen Mills Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Ashik Woollen Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai. was completed.

  • Charges

    Progress on A charge with International Asset Reconstruction Company Private Limited of Rs. 5.00 Cr registered on 27 Mar 2002 with Charge ID 90213833 was modified on 29 Jun 2011. was documented.

  • Charges

    The activity A charge registered on 10 Mar 2000 via Charge ID 80061450 with Industrial Development Bank Of India was fully satisfied on 01 Dec 2010. was completed.

  • Charges

    Progress on A charge with Canara Bankm amounted to Rs. 8.00 Cr with Charge ID 90244471 was registered on 10 Feb 2005. was documented.

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Frequently Asked Questions
What is the CIN of Ashik Woollen Mills Limited?

The CIN of Ashik Woollen Mills Limited is U19297MH1983PLC031335.

Where is Ashik Woollen Mills Limited headquartered?

Ashik Woollen Mills Limited is headquartered at 205-B, 2Nd Floor, Balaji Krupa Chamber, 40/42 Kazi Sayed Street, Masjid Bandar, Mumbai, Maharashtra, 400003.

When was Ashik Woollen Mills Limited incorporated?

Ashik Woollen Mills Limited was incorporated on 14 November 1983.

Who are the current directors of Ashik Woollen Mills Limited?

The current directors of Ashik Woollen Mills Limited are

What is the primary industry of Ashik Woollen Mills Limited?

The primary industry of Ashik Woollen Mills Limited is Manufacturing.

Is Ashik Woollen Mills Limited a listed company?

Ashik Woollen Mills Limited is unlisted.

What is the capital structure of Ashik Woollen Mills Limited?

The authorized capital of Ashik Woollen Mills Limited is ₹14.00 Cr, and the paid-up capital is ₹13.72 Cr.

What is the compliance status of Ashik Woollen Mills Limited?

The compliance status of Ashik Woollen Mills Limited is Active Non-Compliant.

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