MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-WB-10-0035788
Ashirwad Foundries Pvt Ltd
Ashirwad Foundries Pvt Ltd - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹40.21 Cr
▼ 1% YoY
Net profit · FY 2023
₹53.99 Lakh
Net margin 1.3%
EBITDA · FY 2023
₹3.23 Cr
EBITDA margin 8%
Authorised capital
₹1.35 Cr
Registered with MCA
Paid-up capital
₹83.26 Lakh
Issued & subscribed
Open charges
₹19.43 Cr
Satisfied ₹19.93 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
51
Provident fund records
About Ashirwad Foundries Pvt Ltd
Data last updated:
Ashirwad Foundries Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 19 March 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U02710WB1983PTC036070. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹83.26 Lakh. It is led by directors Kiran Devi Agarwal (Whole-Time Director) and Vandan Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 1 Crooked Lane Ground Floor, Kolkata, West Bengal, India – 700069.
As per the financials filed for FY 2023, the company reported a revenue of ₹40.21 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹53.99 Lakh (net margin 1.3%) and EBITDA of ₹3.23 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.43 Cr and satisfied charges of ₹19.93 Cr on record. Court records list 12 cases involving the company, including 2 filed by the company and 10 filed against it; 8 cases are pending.
Ashirwad Foundries Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0035788). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U02710WB1983PTC036070
Registration Number 036070
Incorporation Date 19 March 1983
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0035788
Recognitions & Rankings of Ashirwad Foundries
Contact details
Ashirwad Foundries Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1 Crooked Lane Ground Floor, Kolkata, West Bengal, India – 700069
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Ashirwad Foundries Pvt Ltd, buy the company report.
Comprehensive company report
Ashirwad Foundries Pvt 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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Secure checkout · GST invoice included
Business activity
The main business activity of Ashirwad Foundries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ashirwad Foundries Pvt Ltd, buy the company report.
Financials of Ashirwad Foundries Pvt Ltd
FY 2023 filings availableAshirwad Foundries Pvt Ltd reported revenue of ₹40.21 Cr (down 1% YoY) for FY 2023.
Revenue · FY 2023
₹40.21 Cr ▼ 1%
Net profit · FY 2023
₹53.99 Lakh margin 1.3%
EBITDA · FY 2023
₹3.23 Cr margin 8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 1%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 20%
5 years · compounded
▲ 10%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 26% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹40.21 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.99 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Ashirwad Foundries Pvt Ltd, buy the company report.
Board of directors of Ashirwad Foundries Pvt Ltd
Ashirwad Foundries has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vandan Agarwal | Director | 01 Oct 2011 | 15 Years 0 Months | Current |
| Kiran Devi Agarwal | Whole-Time Director | 12 Oct 1989 | 37 Years 0 Months | Current |
Peer comparison
Ashirwad Foundries Pvt Ltd is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Ram Castech Private Limited | ₹40.91 Cr (FY 2025) | 30.0% | Faridabad, Haryana, India | |||
| Southern Alloy Foundries Private Limited | ₹40.76 Cr (FY 2024) | -30.0% | Aminjikari Chennai, Tamil Nadu, India | |||
| Alpha Founders Private Limited | ₹40.38 Cr (FY 2025) | -2.0% | Miraj, Maharashtra, India | |||
| Ashirwad Foundries Pvt Ltdthis company | ₹40.21 Cr (FY 2023) | ₹53.99 Lakh | 1.3% | -1.0% | 51 | Kolkata, West Bengal, India |
| Kumar Autocast Limited | ₹40.09 Cr (FY 2025) | -7.0% | Ludhiana, Punjab, India | |||
| Prompt Cast-Mech Private Limited | ₹40.05 Cr (FY 2024) | 1.0% | Howrah, West Bengal, India | |||
| Godawri Spherocast Private Limited | ₹39.96 Cr (FY 2025) | 16.0% | Ambala, Haryana, India | |||
| Castech Foundries Private Limited | ₹39.81 Cr (FY 2025) | -9.0% | Junagadh, Gujarat, India | |||
| Technocrats Die Casting India Private Limited | ₹39.76 Cr (FY 2024) | 23.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Ashirwad Foundries Pvt Ltd, buy the company report.
Auditor
Ashirwad Foundries Pvt Ltd is audited by JHUNJHUNWALA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHUNJHUNWALA & ASSOCIATES | FY 2023 | 313023E |
Shareholding
The shareholding of Ashirwad Foundries Pvt 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashirwad Foundries Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹19.43 Cr
Satisfied charges
₹19.93 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2023 | 100737695 | Axis Bank Limited | ₹19.43 Cr | Open | |
| 15 Sep 2022 | 100609097 | Canara Bank | ₹1 Cr | Satisfied | |
| 16 Nov 2021 | 100523131 | Canara Bank | ₹93 Lakh | Satisfied | |
| 22 Jul 2020 | 100363827 | Canara Bank | ₹65 Lakh | Satisfied | |
| 01 Jul 2020 | 100369635 | Canara Bank | ₹1.28 Cr | Satisfied |
To see the full charge records of Ashirwad Foundries Pvt Ltd, buy the company report.
Total charge records: 10 View all charges
Legal cases
Ashirwad Foundries Pvt Ltd has 12 court cases on record: 2 filed by Ashirwad Foundries, 10 filed against it. 8 cases are pending and 4 are disposed.
Total cases
12
Filed by the company
2
Filed against the company
10
Pending
8
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 6 |
| High courts | 4 | 3 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by Bajaj Finance Limited | Pending |
| Calcutta High Court | Court case (EC-COM) | Filed against the company by Star Pipe Products India Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Limited | Pending |
To see the full case history of Ashirwad Foundries Pvt 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.
Credit ratings & regulatory alerts
Ashirwad Foundries Pvt Ltd was last rated by Crisil on 12 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Feb 2020 |
To see the full credit ratings and regulatory alerts of Ashirwad Foundries Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashirwad Foundries Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashirwad Foundries Pvt Ltd has a workforce of 51 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
GST
Ashirwad Foundries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Ashirwad Foundries Pvt Ltd, buy the company report.
Recent activity
Ashirwad Foundries Pvt Ltd has 4 board changes on record since 1985: 3 appointments and 1 cessation. The latest: Shankar Lal Agarwala ceased to be Managing Director on 14 Sep 2019.
AGM
Ashirwad Foundries Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge registered on 15 Sep 2022 via Charge ID 100609097 with Canara Bank was fully satisfied on 24 Jul 2023.
Charges
A charge registered on 22 Jul 2020 via Charge ID 100363827 with Canara Bank was fully satisfied on 24 Jul 2023.
Charges
A charge registered on 30 Aug 2004 via Charge ID 90246354 with Syndicate Bank was fully satisfied on 24 Jul 2023.
Charges
A charge registered on 10 Jul 1998 via Charge ID 90245397 with Syndicate Bank was fully satisfied on 24 Jul 2023.
Charges
A charge registered on 10 Jul 1998 via Charge ID 90247884 with Syndicate Bank was fully satisfied on 24 Jul 2023.
Charges
A charge with Axis Bank Limited of Rs. 19.43 Cr registered on 03 Jun 2023 with Charge ID 100737695 was modified on 10 Jul 2023.
Charges
A charge registered on 16 Nov 2021 via Charge ID 100523131 with Canara Bank was fully satisfied on 22 Jun 2023.
Charges
A charge registered on 01 Jul 2020 via Charge ID 100369635 with Canara Bank was fully satisfied on 22 Jun 2023.
Charges
A charge registered on 10 Jul 1998 via Charge ID 90244543 with Canara Bank was fully satisfied on 22 Jun 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 19.43 Cr with Charge ID 100737695 was registered on 03 Jun 2023.
Filing
Ashirwad Foundries Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata I.
19 earlier events are in the company report.
Frequently asked questions
Ashirwad Foundries is an active private limited company based in Kolkata, West Bengal, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 19 March 1983 (43+ years old) and is registered under CIN U02710WB1983PTC036070.
Ashirwad Foundries has 2 current directors:
- Kiran Devi Agarwal - Whole-Time Director
- Vandan Agarwal - Director
The latest financial statements of Ashirwad Foundries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Ashirwad Foundries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashirwad Foundries is U02710WB1983PTC036070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashirwad Foundries has 12 court cases on record: 2 filed by the company and 10 filed against it. 8 are pending. Most are in the district courts.
Ashirwad Foundries was incorporated on 19 March 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Ashirwad Foundries by revenue are Shri Ram Castech Private Limited, Southern Alloy Foundries Private Limited, Alpha Founders Private Limited, Kumar Autocast Limited, Prompt Cast-Mech Private Limited and 3 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Shankar Lal Agarwala ceased to be Managing Director on 14 Sep 2019. Vandan Agarwal was appointed as Director on 01 Oct 2011. Kiran Devi Agarwal was appointed as Whole-Time Director on 12 Oct 1989. Ashirwad Foundries has 4 board changes on record in total.
Yes, Ashirwad Foundries is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0035788).
The registered office of Ashirwad Foundries is at 1 Crooked Lane Ground Floor, Kolkata, West Bengal, India – 700069.