About Ashley Powertrain Limited
Data last updated:
Ashley Powertrain Limited was a public limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Ashok Leyland Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the commercial vehicles and fleet segment of the automotive sector. It was incorporated on 22 May 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U34102TN2008PLC067838. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹209.1 Cr and a paid-up capital of ₹209.1 Cr. It was formerly known as Nissan Ashok Leyland Powertrain Limited and Nissan Ashok Leyland Powertrain Limited. It was led by directors including Mohana Srinivasan and Duraiswamy Subramaniam Ramadorai.
Its last annual general meeting (AGM) was held on 10 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at No 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2018, the company reported a revenue of ₹361.33 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹1.14 Cr (net margin 0.3%) and EBITDA of ₹13.98 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹85 Cr on record. The company has 1 deal on record (1 acquisition); the latest was in November 2016.
The last known website on record is ashokleyland.com.
Company details
Name history
Ashley Powertrain has undergone 2 name changes throughout its history. The company was previously known as Nissan Ashok Leyland Powertrain Limited, and Nissan Ashok Leyland Powertrain Limited. The current legal name is Ashley Powertrain Limited.
| Company Name | Status |
|---|---|
| Ashley Powertrain Limited | Current |
| Nissan Ashok Leyland Powertrain Limited | Previous |
| Nissan Ashok Leyland Powertrain Limited | Previous |
CIN history
Ashley Powertrain has one previous CIN (Corporate Identification Number): U34102TN2008PTC067838. The current CIN is U34102TN2008PLC067838, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34102TN2008PLC067838 | Current |
| U34102TN2008PTC067838 | Previous |
Contact details
Ashley Powertrain Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryAutomotive, Commercial Vehicles & Fleet
To see the full contact details of Ashley Powertrain 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 Ashley Powertrain is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ashley Powertrain Limited, buy the company report.
Financials of Ashley Powertrain Limited
FY 2018 filings availableAshley Powertrain Limited reported revenue of ₹361.33 Cr (up 37% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 37% growth in the latest year. EBITDA fell 38% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹361.33 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹13.98 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.14 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.9% | |||
| Net Profit Margin | 0.3% | |||
| 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 Ashley Powertrain Limited, buy the company report.
Board of directors of Ashley Powertrain Limited
Ashley Powertrain has 4 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohana Srinivasan | Director | 29 Mar 2017 | 9 Years 6 Months | As last reported |
| Duraiswamy Subramaniam Ramadorai | Director | 29 Mar 2017 | 9 Years 6 Months | As last reported |
| Gopal Mahadevan Also directs: Ohm Global Mobility Private Limited, Switch Mobility Automotive Limited, Hinduja Housing Finance Limited and 4 more | Director | 23 Mar 2015 | 11 Years 7 Months | As last reported |
| Nitin Seth | Director | 26 Nov 2016 | 9 Years 10 Months | As last reported |
Auditor
Ashley Powertrain Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2018 | 101049W/E300004 |
Shareholding
The shareholding of Ashley Powertrain Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ashley Powertrain Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 2013 | 10398795 | Hdfc Bank Limited | ₹85 Cr | Satisfied |
To see the full charge records of Ashley Powertrain Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Ashley Powertrain Limited has 1 deal on record (1 acquisition); the latest was in November 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2016 | Acquisition | Undisclosed | Buyer: Ashok Leyland Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Ashley Powertrain Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashley Powertrain Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashley Powertrain Limited has a workforce of 12 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ashley Powertrain has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ashley Powertrain Limited, buy the company report.
Recent activity
Ashley Powertrain Limited has 33 board changes on record since 2009: 4 appointments and 29 cessations. The latest: Duraiswamy Subramaniam Ramadorai ceased to be Additional Director on 28 Sep 2017.
26 earlier events are in the company report.
Frequently asked questions
Ashley Powertrain 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.
Ashley Powertrain was a public limited company based in Chennai, Tamil Nadu, India. The company worked in commercial vehicles and fleet, within the automotive industry. It was incorporated on 22 May 2008 and is registered under CIN U34102TN2008PLC067838. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ashley Powertrain was incorporated on 22 May 2008. It is registered with the Registrar of Companies, Chennai.
Ashley Powertrain had 4 directors:
- Mohana Srinivasan - Director
- Duraiswamy Subramaniam Ramadorai - Director
- Gopal Mahadevan - Director
- Nitin Seth - Director
The CIN (Corporate Identification Number) of Ashley Powertrain is U34102TN2008PLC067838. 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 Ashley Powertrain is at No 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.
Ashley Powertrain can be reached through the website ashokleyland.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Ashley Powertrain on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 10 September 2018. Year-wise statements from 2015 are in the company report.
No. Ashley Powertrain has 1 GST registration on record and it is cancelled or inactive.
Ashley Powertrain operated in the automotive industry, in the commercial vehicles and fleet segment.