About Ashima Dyecot Private Limited
Data last updated:
Ashima Dyecot Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 April 1995.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1995PTC025537. Its GSTIN is 24AACCA2753K1ZT (Gujarat).
The company had an authorised share capital of ₹58.98 Cr and a paid-up capital of ₹39.8 Cr. It was led by directors including Chintan Navnitlal Parikh (Managing Director) and Vanita Mathur.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Texcellence Complex Khokhara – Mehmedabad, Ahmedabad, Gujarat, India – 380021.
As per the financials filed for FY 2019, the company reported a revenue of ₹112.74 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹32.63 Cr (net margin 28.9%) and EBITDA of ₹46.27 Cr (EBITDA margin 41%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹260.27 Cr on record. Court records list 15 cases involving the company, including 9 filed by the company and 6 filed against it; 1 case is pending.
The last known website on record is ashima.in.
Company details
CIN history
Ashima Dyecot has one previous CIN (Corporate Identification Number): U17110GJ1995PLC025537. The current CIN is U17110GJ1995PTC025537, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17110GJ1995PTC025537 | Current |
| U17110GJ1995PLC025537 | Previous |
Contact details
Ashima Dyecot Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ashima.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTexcellence Complex Khokhara – Mehmedabad, Ahmedabad, Gujarat, India – 380021
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ashima Dyecot 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 Ashima Dyecot is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Ashima Dyecot Private Limited, buy the company report.
Financials of Ashima Dyecot Private Limited
FY 2019 filings availableAshima Dyecot Private Limited reported revenue of ₹112.74 Cr (up 259% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over three years, including 259% growth in the latest year. EBITDA rose 411% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹112.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹46.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.63 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41% | ||||
| Net Profit Margin | 28.9% | ||||
| 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 Ashima Dyecot Private Limited, buy the company report.
Board of directors and KMP of Ashima Dyecot Private Limited
Ashima Dyecot Private Limited currently reports 6 directors and 2 key managerial personnel. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhikhabhai Jayantilal Shah Also directs: Ashima Capital Management Limited | Cfo | 01 Feb 2014 | 12 Years 8 Months | As last reported |
| Vanita Mathur Also directs: Ashima Capital Management Limited, Alcazar Associates LLP, Nachmo Services Private Limited and 3 more | Director | 27 Mar 2008 | 18 Years 6 Months | As last reported |
| Shrikant Sachidanand Pareek Also directs: Ashima Capital Management Limited | Director | 27 Mar 2008 | 18 Years 6 Months | As last reported |
| Chintan Navnitlal Parikh | Managing Director | 03 Aug 2015 | 11 Years 2 Months | As last reported |
| Bakul Harshadrai Dholakia | Director | 25 Apr 2001 | 25 Years 6 Months | As last reported |
| Devan Vipinbhai Parikh | Director | 07 Dec 2004 | 21 Years 10 Months | As last reported |
Peer comparison
Ashima Dyecot Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VTM Limited | ₹349.35 Cr (FY 2025) | 62.0% | Ramnad, Tamil Nadu, India | |||
| Annapoorani Textiles Private Limited | ₹347.59 Cr (FY 2025) | 11.0% | Erode, Tamil Nadu, India | |||
| Reliance Jute Mills (International) Limited | ₹346.99 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Akshara Spinning Mills Private Limited | ₹346.67 Cr (FY 2024) | -6.0% | Tiruppur, Tamil Nadu, India | |||
| Acv Products Private Limited | ₹339.97 Cr (FY 2024) | -4.0% | Coimbatore, Tamil Nadu, India | |||
| RRD Tex Private Limited | ₹339.08 Cr (FY 2025) | 7.0% | Tiruppur, Tamil Nadu, India | |||
| Sri Jaya Jothi Textile Mills P Ltd | ₹339.05 Cr (FY 2025) | 19.0% | Tamil Nadu, India | |||
| Ashima Dyecot Private Limitedthis company | ₹112.74 Cr (FY 2019) | ₹32.63 Cr | 28.9% | 259.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ashima Dyecot Private Limited, buy the company report.
Auditor
Ashima Dyecot Private Limited is audited by MUKESH M SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKESH M SHAH & CO | FY 2019 | 106625W |
Shareholding
The shareholding of Ashima Dyecot Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ashima Dyecot Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2006 | 10024703 | Idbi Trusteeship Services Limited | ₹18.3 Lakh | Satisfied | |
| 12 Dec 2001 | 90103263 | Uti Bank Limited | ₹5 Cr | Satisfied | |
| 23 Nov 2000 | 90103216 | Asset Reconstruction Company (India) Limited | ₹7 Cr | Satisfied | |
| 23 Oct 2000 | 90103212 | Asset Reconstruction Company (India) Limited | ₹13 Cr | Satisfied | |
| 23 Oct 2000 | 80006167 | Asset Reconstruction Company (India) Ltd | ₹17.2 Cr | Satisfied |
To see the full charge records of Ashima Dyecot Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Ashima Dyecot Private Limited has 15 court cases on record: 9 filed by Ashima Dyecot, 6 filed against it. 1 case is pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 2 | 0 |
| High courts | 5 | 4 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Commissioner of Central Excise Ahmedabad - I | Pending |
| District court, Ahmedabad, Gujarat | Appeal | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REVIEW-IC) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REVIEW-IC) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RVSN IC) | Filed by the company against an individual | Disposed |
To see the full case history of Ashima Dyecot 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 Ashima Dyecot Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ashima Dyecot has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ashima Limited | L99999GJ1982PLC005253 |
To see the full group structure of Ashima Dyecot Private Limited, buy the company report.
GST
Ashima Dyecot has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCA2753K1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashima Dyecot Private Limited, buy the company report.
Recent activity
Ashima Dyecot Private Limited has 15 board changes on record since 2001: 8 appointments and 7 cessations. The latest: Uttara Chintan Parikh ceased to be Additional Director on 29 Sep 2017.
45 earlier events are in the company report.
News
Frequently asked questions
Ashima Dyecot has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ashima Dyecot was a private limited company based in Ahmedabad, Gujarat, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 20 April 1995 and is registered under CIN U17110GJ1995PTC025537. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ashima Dyecot was incorporated on 20 April 1995. It is registered with the Registrar of Companies, Ahmedabad.
Ashima Dyecot had 8 directors and KMP:
- Chintan Navnitlal Parikh - Managing Director
- Vanita Mathur - Director
- Shrikant Sachidanand Pareek - Director
- Bakul Harshadrai Dholakia - Director
- Devan Vipinbhai Parikh - Director
- Uttara Chintan Parikh - Director
- Bhikhabhai Jayantilal Shah - Cfo
- Dipakkumar Sharadchandra Thaker - Company Secretary
The CIN (Corporate Identification Number) of Ashima Dyecot is U17110GJ1995PTC025537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ashima Dyecot is at Texcellence Complex Khokhara – Mehmedabad, Ahmedabad, Gujarat, India – 380021.
Ashima Dyecot can be reached through the website ashima.in. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Ashima Dyecot on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashima Dyecot is 24AACCA2753K1ZT, registered in Gujarat.
Ashima Dyecot operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Ashima Dyecot by revenue are VTM Limited, Annapoorani Textiles Private Limited, Reliance Jute Mills (International) Limited, Akshara Spinning Mills Private Limited, Acv Products Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).