About Ashirvad Pipes Private Limited
Data last updated:
Ashirvad Pipes Private Limited is a private limited company based in Anekal, Karnataka, India, a subsidiary of Glynwed Holding B.V. Netherlands. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 18 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1997PTC021831. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.41 Cr. It is led by directors including Partha Sarathi Basu (Managing Director) and Sticker Koen Jozef A.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Anekal, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,569.73 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹28.24 Cr (net margin 0.6%) and EBITDA of ₹250.79 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over five years.
The company has about 2,629 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashirvad. As per MCA filings, the company has satisfied charges of ₹1,169.94 Cr on record. Court records list 141 cases involving the company, including 104 filed by the company and 37 filed against it; 35 cases are pending. The company has 17 deals on record (16 secondary share transfers, 1 funding round), with disclosed funding of ₹3.15 Cr; the latest was in March 2022. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 4,926 overdue payments to 88 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashirvad.com.
Company details
CIN history
Ashirvad Pipes has one previous CIN (Corporate Identification Number): U27201KA1997PTC021831. The current CIN is U85110KA1997PTC021831, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1997PTC021831 | Current |
| U27201KA1997PTC021831 | Previous |
Contact details
Ashirvad Pipes Private Limited's registered office is in Anekal, Karnataka. Its website is ashirvad.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.27 – P 28 – P 29 & 30, Bommasandra Jigani Link Road, Anekal, Karnataka, India – 560105
- IndustryManufacturing, Pipe & Tubes, Fittings & Components
To see the full contact details of Ashirvad Pipes 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
Brands
Ashirvad Pipes operates one associated brand: Ashirvad. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PVC and CPVC piping systems are manufactured for plumbing applications. | ashirvad.com |
Business activity
The main business activity of Ashirvad Pipes is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Ashirvad Pipes Private Limited, buy the company report.
Financials of Ashirvad Pipes Private Limited
FY 2025 filings availableAshirvad Pipes Private Limited reported revenue of ₹4,569.73 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 6% 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 |
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| EBITDA | ₹250.79 Cr | ||||
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| Net Profit (PAT) | ₹28.24 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashirvad Pipes Private Limited, buy the company report.
Board of directors of Ashirvad Pipes Private Limited
Ashirvad Pipes has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Partha Sarathi Basu | Managing Director | 10 Sep 2024 | 2 Years 1 Months | Current |
| Sticker Koen Jozef A | Director | 09 Jul 2020 | 6 Years 3 Months | Current |
| Anil Tomar Also directs: Aliaxis Utilities and Industry Private Limited | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
| Thierry Florent J Vanlancker | Director | 02 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Ashirvad Pipes Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2025 | 101049W/E300004 |
Shareholding
The shareholding of Ashirvad Pipes Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashirvad Pipes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2018 | 100208978 | Others | ₹200 Cr | Satisfied | |
| 16 Aug 2018 | 100206271 | Others | ₹48 Cr | Satisfied | |
| 27 Apr 2015 | 10572244 | Icici Bank Limited | ₹100 Cr | Satisfied | |
| 10 Dec 2014 | 10556471 | Bnp Paribas | ₹50 Cr | Satisfied | |
| 26 Jun 2014 | 10521216 | Icici Bank Limited | ₹65 Cr | Satisfied |
To see the full charge records of Ashirvad Pipes Private Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Ashirvad Pipes Private Limited has 17 deals on record (16 secondary share transfers, 1 funding round), with disclosed funding of ₹3.15 Cr; the latest was in March 2022.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Glynwed Holding B.V, Netherlands Seller: Shivanssh Holdings, 3 individuals |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: Glynwed Holding B.V, Netherlands Seller: 4 individuals |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Glynwed Holding B.V, Netherlands Seller: Deepak Poddar HUF, Shivanssh Holdings, 2 individuals |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ashirvad Enterprises Private Limited |
| Mar 2010 | Funding round | ₹3.15 Cr | Investors: Shivanssh Holdings, Deepak Poddar HUF, 2 individuals |
To see the full deal history of Ashirvad Pipes Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashirvad Pipes Private Limited has 141 court cases on record: 104 filed by Ashirvad Pipes, 37 filed against it. 35 cases are pending and 106 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 80 | 19 | 24 |
| High courts | 61 | 18 | 11 |
Cases on record (5 of 141)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against M/S Icici Bank Limited and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by Agua Wireless Systems Private Limited | Pending |
| High Court, Assam | Writ petition | Filed against the company by Charu Technology Pvt. Ltd and 6 others | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Delhivery Freight Services Pvt Ltd | Disposed |
| High Court, TELANGANA | Arbitration matter | Filed by the company against M/S NCC Ltd | Disposed |
To see the full case history of Ashirvad Pipes 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.
Credit ratings & regulatory alerts
Ashirvad Pipes Private Limited was last rated by Icra on 26 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 Jul 2021 |
To see the full credit ratings and regulatory alerts of Ashirvad Pipes Private Limited, buy the company report.
MSME payment delays
Ashirvad Pipes Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 4,926 overdue payments to 88 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 88)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Devu Tools Private Limited | |||
| Control Print Limited | |||
| Prajwal Pacovation | |||
| 1Starspm | |||
| an individual supplier |
To see the full MSME payment records of Ashirvad Pipes Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ashirvad Pipes has 1 associated company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
Employees & EPFO
Ashirvad Pipes Private Limited has a workforce of 2,629 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Ashirvad Pipes has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ashirvad Pipes Private Limited, buy the company report.
Recent activity
Ashirvad Pipes Private Limited has 28 board changes on record since 2013: 7 appointments and 21 cessations. The latest: Anil Tomar ceased to be Additional Director on 22 Sep 2024.
95 earlier events are in the company report.
News
Frequently asked questions
Ashirvad Pipes is an active private limited company based in Anekal, Karnataka, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 18 February 1997 (29+ years old) and is registered under CIN U85110KA1997PTC021831.
Ashirvad Pipes has 4 current directors:
- Partha Sarathi Basu - Managing Director
- Sticker Koen Jozef A - Director
- Anil Tomar - Director
- Thierry Florent J Vanlancker - Director
The latest financial statements of Ashirvad Pipes on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
No. Ashirvad Pipes has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Ashirvad Pipes is U85110KA1997PTC021831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashirvad Pipes has 141 court cases on record: 104 filed by the company and 37 filed against it. 35 are pending. Most are in the district courts.
Ashirvad Pipes was incorporated on 18 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Ashirvad Pipes has 17 deals on record (16 secondary share transfers, 1 funding round), with disclosed funding of ₹3.15 Cr; the latest was in March 2022.
Anil Tomar ceased to be Additional Director on 22 Sep 2024. Partha Sarathi Basu ceased to be Additional Director on 22 Sep 2024. Ramadurai Ramesh ceased to be Additional Director on 22 Sep 2024. Ashirvad Pipes has 28 board changes on record in total.
Ashirvad Pipes has 16 MSME Form 1 returns on record between 2019 and 2024, listing 4,926 overdue payments to 88 micro and small suppliers. The latest return was filed on 01 May 2024.
Ashirvad Pipes can be reached through the website ashirvad.com. Its registered office is in Anekal, Karnataka, India.