Ashika Business Private Limited

Ashika Business Private Limited - infrastructure and utilities in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN U45100WB2004PTC098055 Incorporated 10 March 2004 ROC Kolkata HQ Kolkata, West Bengal, India
Active Private Limited Company infrastructure and utilities
Data last updated
Revenue · FY 2026
₹35.31 Lakh
▲ 65% YoY
Net loss · FY 2026
₹7.33 Cr
Latest filing
EBITDA · FY 2026
-₹4.27 Cr
Latest filing
Authorised capital
₹55 Cr
Registered with MCA
Paid-up capital
₹54 Cr
Issued & subscribed
Satisfied charges
₹60 Cr
No open charges
Company age
22 yrs
Est. 2004
Directors on board
3
As per MCA filings

About Ashika Business Private Limited

Data last updated:

Ashika Business Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Ashika Global Securities Private Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 10 March 2004 and has been in existence for over 22 years.

Its director Daulat Jain and family are #1,545 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45100WB2004PTC098055. Its GSTIN is 19AAECA7729F1ZJ (West Bengal). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹54 Cr. It was formerly known as Ashika Forex Services Private Limited. It is led by directors including Rahul Bafna (Whole-Time Director) and Amit Jain.

Its last annual general meeting (AGM) was held on 23 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Trinity 226/1 A J C Bose Roadballygunge, Kolkata, West Bengal, India – 700020.

As per the financials filed for FY 2026, the company reported a revenue of ₹35.31 Lakh, a growth of 65% compared to the previous year. For the same year it recorded a net loss of ₹7.33 Cr and EBITDA of -₹4.27 Cr. Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 39% over five years.

As per MCA filings, the company has satisfied charges of ₹60 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashikagroup.com.

Company details

CIN U45100WB2004PTC098055
Registration Number 098055
Incorporation Date 10 March 2004
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 June 2026
Date of Balance Sheet 31 March 2026
Parent Company Ashika Global Securities Private Limited
Compliance Status Active Compliant

CIN history

Ashika Business has one previous CIN (Corporate Identification Number): U65999WB2004PTC098055. The current CIN is U45100WB2004PTC098055, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U45100WB2004PTC098055Current
U65999WB2004PTC098055Previous
Key People
Rahul Bafna Whole-Time Director Amit Jain Director Daulat Jain Director

Recognitions & Rankings of Ashika Business

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Ashika Business Private Limited's registered office is in Kolkata, West Bengal. Its website is ashikagroup.com. Its e-mail address is in the company report.

  • Email
  • Website
    ashikagroup.com
  • Social Media
  • Apps
  • Registered Address
    Trinity 226/1 A J C Bose Roadballygunge, Kolkata, West Bengal, India – 700020
  • Industry
    Infrastructure and Utilities, Road & Bridge Construction

To see the full contact details of Ashika Business Private Limited, buy the company report.

Comprehensive company report
Ashika Business Private Limited - one report that includes everything
  • 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
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Financials of Ashika Business Private Limited

FY 2026 filings available

Ashika Business Private Limited reported revenue of ₹35.31 Lakh (up 65% YoY) for FY 2026.

Revenue · FY 2026
₹35.31 Lakh ▲ 65%
Net loss · FY 2026
₹7.33 Cr
EBITDA · FY 2026
-₹4.27 Cr

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 65%
3 years · compounded
▼ 51%
5 years · compounded
▼ 39%
EBITDA CAGR growth
1 year
▲ 62%
3 years · compounded
▼ 2%
5 years · compounded
▲ 7%

Revenue rose 65% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 39%. EBITDA rose 62% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹4.27 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹7.33 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin
Net Profit Margin
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 Ashika Business Private Limited, buy the company report.

Board of directors of Ashika Business Private Limited

Ashika Business has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Amit Jain
Also directs: Ashika Global Securities Limited, Puja Sales Promotion Pvt Ltd, Ashika Commodities & Derivatives Private Limited and 5 more
Director21 Jun 20188 Years 4 MonthsCurrent
Daulat Jain
Also directs: Ashika Vyapaar LLP, Crazy Vinimay LLP, Unity Dealtrade LLP and 5 more
Director10 Mar 200422 Years 7 MonthsCurrent
Rahul Bafna
Also directs: RKBS Traders & Suppliers LLP
Whole-Time Director21 May 20260 Years 5 MonthsCurrent
View all directors

Peer comparison

Ashika Business Private Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ashika Business Private Limitedthis company₹35.31 Lakh (FY 2026)-₹7.33 Cr65.0%Kolkata, West Bengal, India
Corbell Infratech Private Limited₹21.8 Lakh (FY 2023)-19.0%Nagpur, Maharashtra, India
Avere Infra Realtors Private Limited₹21.58 Lakh (FY 2018)66.0%Thiruvananthapuram, Kerala, India
TVN Infrastructure Private Limited₹21.43 Lakh (FY 2023)148.0%Faridabad, Haryana, India
Chittorgarh Kota Tollway Private Limited₹21.33 Lakh (FY 2025)-4.0%Visnagar, Gujarat, India
Madhav Infracon (Ghansore Mandla Corridor) Private Limited₹20.74 Lakh (FY 2025)367.0%Indore, Madhya Pradesh, India

To see the full peer comparison of Ashika Business Private Limited, buy the company report.

Auditor

Ashika Business Private Limited is audited by P K SAH & ASSOCIATES for the financial year 2020.

Auditor firmFinancial yearFirm registration number
P K SAH & ASSOCIATESFY 2020322271E

Shareholding

The shareholding of Ashika Business Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ashika Business Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹60 Cr
Breakdown by lending institutions
Others₹60.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Nov 2024101011480Others₹60 CrSatisfied

To see the full charge records of Ashika Business Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Ashika Business Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Ashika Business has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
19AAECA7729F1ZJWest BengalActive01 Jul 2017
18AAECA7729F1ZLAssamActive01 Aug 2017

To see the full GST registrations and return filing status of Ashika Business Private Limited, buy the company report.

Recent activity

Ashika Business Private Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Rahul Bafna was appointed as Whole-Time Director on 21 May 2026.

AGM
Ashika Business Private Limited last Annual general meeting of members was held on 23 Jun 2026 as per latest MCA records.
Appointed
Rahul Bafna was appointed as Whole-Time Director.
Filing
Ashika Business Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
A charge registered on 22 Nov 2024 via Charge ID 101011480 with Others was fully satisfied on 29 Jan 2026.
Charges
A charge with Others amounted to Rs. 60.00 Cr with Charge ID 101011480 was registered on 22 Nov 2024.
Ceased
Pawan Jain ceased to be Director.
Appointed
Amit Jain was appointed as Director.
Ceased
Amit Jain ceased to be Director.
Ceased
Babulal Bafna ceased to be Director.
Appointed
Daulat Jain was appointed as Director.
Incorporation
10 Mar 2004
Ashika Business Private Limited was registered on 10 Mar 2004 with Roc Kolkata I & aged 22 years 7 months as per MCA records.

News

Frequently asked questions

Ashika Business is an active private limited company based in Kolkata, West Bengal, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 10 March 2004 (22+ years old) and is registered under CIN U45100WB2004PTC098055.

Ashika Business has 3 current directors:

The latest financial statements of Ashika Business on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 June 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Ashika Business is 19AAECA7729F1ZJ, registered in West Bengal. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 18AAECA7729F1ZL (Assam).

The CIN (Corporate Identification Number) of Ashika Business is U45100WB2004PTC098055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ashika Business has 2 court cases on record: 2 filed by the company.

Ashika Business was incorporated on 10 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Kolkata.

The peers of Ashika Business by revenue are Corbell Infratech Private Limited, Avere Infra Realtors Private Limited, TVN Infrastructure Private Limited, Chittorgarh Kota Tollway Private Limited, Madhav Infracon (Ghansore Mandla Corridor) Private Limited, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).

Rahul Bafna was appointed as Whole-Time Director on 21 May 2026. Pawan Jain ceased to be Director on 01 Jul 2018. Amit Jain was appointed as Director on 21 Jun 2018. Ashika Business has 6 board changes on record in total.

Ashika Business can be reached through the website ashikagroup.com. Its registered office is in Kolkata, West Bengal, India.

The registered office of Ashika Business is at Trinity 2261 A J C Bose Roadballygunge, Kolkata, West Bengal, India – 700020.