MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0052289
Ashika Sarees Ltd - fashion and textile in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.45 Cr
▲ 36% YoY
Net profit · FY 2025
₹46.29 Lakh
Net margin 7.2%
EBITDA · FY 2025
₹1.38 Cr
EBITDA margin 21.3%
Authorised capital
₹6.5 Cr
Registered with MCA
Paid-up capital
₹4.3 Cr
Issued & subscribed
Open charges
₹6.26 Cr
Satisfied ₹42.79 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
3
Provident fund records
About Ashika Sarees Ltd
Data last updated:
Ashika Sarees Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 08 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1994PLC061750. Its GSTIN is 19AACCA6186E1ZM (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹4.3 Cr. It was formerly known as Ashika Sarees Private Limited. It is led by directors including Suresh Kumar Radheshyam Agarwal and Binod Kumar Radheshyam Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 111A Park Street 2nd Floor, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.45 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹46.29 Lakh (net margin 7.2%) and EBITDA of ₹1.38 Cr (EBITDA margin 21.3%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 15% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashika Sarees. As per MCA filings, the company has open charges of ₹6.26 Cr and satisfied charges of ₹42.79 Cr on record. Court records list 19 cases involving the company, including 14 filed by the company and 5 filed against it; 4 cases are pending.
Ashika Sarees Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0052289). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashika.com.
Company details
CIN U51109WB1994PLC061750
Registration Number 061750
Incorporation Date 08 February 1994
ROC Kolkata
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0052289
CIN history
Ashika Sarees has one previous CIN (Corporate Identification Number): U50339WB1994PLC061750. The current CIN is U51109WB1994PLC061750, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109WB1994PLC061750 | Current |
| U50339WB1994PLC061750 | Previous |
Key People
Suresh Kumar Radheshyam Agarwal Director Binod Kumar Radheshyam Agarwal Director Rounak Binod Kumar Agarwal Director Recognitions & Rankings of Ashika Sarees
Contact details
Ashika Sarees Ltd's registered office is in Kolkata, West Bengal. Its website is ashika.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address111A Park Street 2nd Floor, Kolkata, West Bengal, India – 700016
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Ashika Sarees Ltd, buy the company report.
Comprehensive company report
Ashika Sarees Ltd - 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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Brands
Ashika Sarees operates one associated brand: Ashika Sarees. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a brand offering ethnic wear for women, focusing on traditional and modern designs. | ashika.com |
Business activity
The main business activity of Ashika Sarees 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 Ashika Sarees Ltd, buy the company report.
Financials of Ashika Sarees Ltd
FY 2024 filings availableAshika Sarees Ltd reported revenue of ₹6.45 Cr (up 36% YoY) for FY 2025.
Revenue · FY 2025
₹6.45 Cr ▲ 36%
Net profit · FY 2025
₹46.29 Lakh margin 7.2%
EBITDA · FY 2025
₹1.38 Cr margin 21.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 36%
3 years · compounded
▼ 43%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▼ 44%
5 years · compounded
▼ 12%
Revenue rose 36% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 10% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹46.29 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.3% | ||||
| Net Profit Margin | 7.2% | ||||
| 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 Sarees Ltd, buy the company report.
Board of directors of Ashika Sarees Ltd
Ashika Sarees has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Radheshyam Agarwal | Director | 08 Feb 1994 | 32 Years 9 Months | Current |
| Binod Kumar Radheshyam Agarwal Also directs: Bsa Lifestyle LLP | Director | 08 Feb 1994 | 32 Years 9 Months | Current |
| Rounak Binod Kumar Agarwal Also directs: Bsa Lifestyle LLP | Director | 25 Mar 2017 | 9 Years 7 Months | Current |
| Sunita Sureshkumar Agarwal Also directs: Saurabh Lifestyle LLP, S S Enterpise LLP | Director | 25 Aug 1997 | 29 Years 2 Months | Current |
Peer comparison
Ashika Sarees Ltd is compared with the 4 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Sarees), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sapper Lifestyle Private Limited | ₹6.5 Cr (FY 2025) | -21.0% | Delhi, India | |||
| S.M. Collections Private Limited | ₹6.46 Cr (FY 2024) | 20.0% | Kolkata, West Bengal, India | |||
| Sri Kannika Parameshwari Silks and Sarees Private Limited | ₹6.45 Cr (FY 2025) | 22.0% | Bangalore, Karnataka, India | |||
| Ashika Sarees Ltdthis company | ₹6.45 Cr (FY 2025) | ₹46.29 Lakh | 7.2% | 36.0% | 3 | Kolkata, West Bengal, India |
| Arihant Fashcon Private Limited | ₹6.45 Cr (FY 2025) | 90.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Ashika Sarees Ltd, buy the company report.
Auditor
Ashika Sarees Ltd is audited by SHAH & TAPARIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & TAPARIA | FY 2023 | 109463W |
Shareholding
The shareholding of Ashika Sarees Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashika Sarees Ltd, buy the company report.
Charges & borrowings
Open charges
₹6.26 Cr
Satisfied charges
₹42.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2020 | 100438673 | Others | ₹99.8 Lakh | Open | |
| 19 Jan 2018 | 100156247 | Others | ₹5.27 Cr | Open | |
| 25 May 2016 | 100029063 | Standard Chartered Bank | ₹2.25 Cr | Satisfied | |
| 20 Sep 2013 | 10451299 | Kotak Mahindra Bank Limited | ₹68 Lakh | Satisfied | |
| 29 Jun 2013 | 10434981 | Bajaj Finance Limited | ₹3.01 Cr | Satisfied |
To see the full charge records of Ashika Sarees Ltd, buy the company report.
Total charge records: 13 View all charges
Legal cases
Ashika Sarees Ltd has 19 court cases on record: 14 filed by Ashika Sarees, 5 filed against it. 4 cases are pending and 15 are disposed.
Total cases
19
Filed by the company
14
Filed against the company
5
Pending
4
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 5 | 2 |
| High courts | 5 | 0 | 2 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed against the company by PNB Housing Finance Limited | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Milind Infocom Pvt Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (TD) | Filed by the company against M/S.White Lily | Pending |
| Bombay High Court | Court case (TD) | Filed by the company against M/S.Ashish Enterprises | Pending |
To see the full case history of Ashika Sarees Ltd, 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 Ashika Sarees Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashika Sarees Ltd has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3 |
| 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 Ashika Sarees Ltd, buy the company report.
GST
Ashika Sarees has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCA6186E1ZM | West Bengal | Active | 04 Sep 2017 |
| 27AACCA6186E2ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashika Sarees Ltd, buy the company report.
Recent activity
Ashika Sarees Ltd has 7 board changes on record since 1994: 4 appointments and 3 cessations. The latest: Rounak Binod Kumar Agarwal ceased to be Additional Director on 29 Sep 2017.
AGM
Ashika Sarees Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ashika Sarees Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge registered on 15 Dec 2011 via Charge ID 10329783 with Citibank N. A. was fully satisfied on 16 Jun 2021.
Charges
A charge registered on 03 Oct 2011 via Charge ID 10319624 with Citibank N. A. was fully satisfied on 16 Jun 2021.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100438673 was registered on 30 Nov 2020.
Charges
A charge registered on 20 Sep 2013 via Charge ID 10451299 with Kotak Mahindra Bank Limited was fully satisfied on 07 Aug 2020.
Charges
A charge with Others amounted to Rs. 5.27 Cr with Charge ID 100156247 was registered on 19 Jan 2018.
Ceased
Rounak Binod Kumar Agarwal ceased to be Additional Director.
Charges
A charge registered on 25 May 2016 via Charge ID 100029063 with Standard Chartered Bank was fully satisfied on 27 Sep 2017.
Charges
A charge registered on 26 Dec 2007 via Charge ID 10080111 with Citibank N. A. was fully satisfied on 13 Apr 2017.
Charges
A charge registered on 28 Apr 2007 via Charge ID 10054342 with Citibank N. A. was fully satisfied on 13 Apr 2017.
Charges
A charge registered on 28 Jul 2006 via Charge ID 10012384 with Citi Bank N.A was fully satisfied on 13 Apr 2017.
23 earlier events are in the company report.
Frequently asked questions
Ashika Sarees is an active public limited company based in Kolkata, West Bengal, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 08 February 1994 (32+ years old) and is registered under CIN U51109WB1994PLC061750.
Ashika Sarees has 4 current directors:
- Suresh Kumar Radheshyam Agarwal - Director
- Binod Kumar Radheshyam Agarwal - Director
- Rounak Binod Kumar Agarwal - Director
- Sunita Sureshkumar Agarwal - Director
The latest financial statements of Ashika Sarees on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashika Sarees is 19AACCA6186E1ZM, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AACCA6186E2ZO (Maharashtra).
The CIN (Corporate Identification Number) of Ashika Sarees is U51109WB1994PLC061750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashika Sarees has 19 court cases on record: 14 filed by the company and 5 filed against it. 4 are pending. Most are in the district courts.
Ashika Sarees was incorporated on 08 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Ashika Sarees by revenue are Sapper Lifestyle Private Limited, S.M. Collections Private Limited, Sri Kannika Parameshwari Silks and Sarees Private Limited, Arihant Fashcon Private Limited, all in the Apparel industry (Apparel Retail and Distribution, Sarees), with the same principal business activity (wholesale trading).
Rounak Binod Kumar Agarwal ceased to be Additional Director on 29 Sep 2017. Radheshyam Agarwal ceased to be Director on 25 Mar 2017. Rounak Binod Kumar Agarwal was appointed as Director on 25 Mar 2017. Ashika Sarees has 7 board changes on record in total.
Yes, Ashika Sarees is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0052289).
Ashika Sarees can be reached through the website ashika.com. Its registered office is in Kolkata, West Bengal, India.
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