Ashok Iron Works Private Limited

Ashok Iron Works Private Limited - engineering in Belgaum, Karnataka, India. FY 2026 financials & compliance.
CIN U27104KA1981PTC004487 Incorporated 12 November 1981 ROC Bangalore HQ Belgaum, Karnataka, India
Active Private Limited Company engineering
Data last updated
Revenue · FY 2025
₹1,087.89 Cr
▲ 5% YoY
Net profit · FY 2025
₹158.44 Cr
Net margin 14.6%
EBITDA · FY 2025
₹274.77 Cr
EBITDA margin 25.3%
Authorised capital
₹200 Cr
Registered with MCA
Paid-up capital
₹4.19 Cr
Issued & subscribed
Open charges
₹187.6 Cr
Satisfied ₹184.24 Cr
Company age
45 yrs
Est. 1981
Employees · EPFO
885
Provident fund records

About Ashok Iron Works Private Limited

Data last updated:

Ashok Iron Works Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 12 November 1981 and has been in existence for over 45 years.

Its director Ashok S Humbarwadi and family are #736 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27104KA1981PTC004487. Its GSTIN is 29AAGCA0813L1ZO (Karnataka). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹4.19 Cr. It was formerly known as Ashok Iron Works Limited. It is led by directors including Ashok Shivlingappa Humbarwadi (Managing Director) and Jayant Ashok Humbarwadi (Managing Director).

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 Belgaum, Karnataka.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,087.89 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹158.44 Cr (net margin 14.6%) and EBITDA of ₹274.77 Cr (EBITDA margin 25.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 15% over five years.

The company has about 885 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.

As per MCA filings, the company has open charges of ₹187.6 Cr and satisfied charges of ₹184.24 Cr on record. Court records list 91 cases involving the company, including 50 filed by the company and 41 filed against it; 8 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹69.8 Lakh; the latest was in March 2025. Its 3 peer companies in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Mitc Rolling Mills Private Limited with revenue of ₹1,236.94 Cr. The company has 2 MSME Form 1 returns on record for the period ending Jan 2019, listing 922 overdue payments to 89 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 ashokiron.com.

Company details

CIN U27104KA1981PTC004487
Registration Number 004487
Incorporation Date 12 November 1981
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Ashok Shivlingappa Humbarwadi Managing Director Jayant Ashok Humbarwadi Managing Director Dayanand Devendra Kadam Director

Recognitions & Rankings of Ashok Iron Works

Contact details

Ashok Iron Works Private Limited's registered office is in Belgaum, Karnataka. Its website is ashokiron.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ashokiron.com
  • Registered Address
    Corporate Office S.No.5 Plot No.9/10/11 Majgoan Road U, Dyambag, Belgaum, Karnataka, India – 590008
  • Industry
    Engineering, Metal Foundry & Fabrication Services

To see the full contact details of Ashok Iron Works Private Limited, buy the company report.

Comprehensive company report
Ashok Iron Works Private Limited - 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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Business activity

The main business activity of Ashok Iron Works is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Ashok Iron Works Private Limited, buy the company report.

Financials of Ashok Iron Works Private Limited

FY 2024 filings available

Ashok Iron Works Private Limited reported revenue of ₹1,087.89 Cr (up 5% YoY) for FY 2025.

Revenue · FY 2025
₹1,087.89 Cr ▲ 5%
Net profit · FY 2025
₹158.44 Cr margin 14.6%
EBITDA · FY 2025
₹274.77 Cr margin 25.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 11%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 15%
5 years · compounded
▲ 21%

Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 5% growth in the latest year. EBITDA rose 4% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹274.77 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹158.44 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin25.3%
Net Profit Margin14.6%
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 Ashok Iron Works Private Limited, buy the company report.

Board of directors of Ashok Iron Works Private Limited

Ashok Iron Works has 7 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dayanand Devendra Kadam
Also directs: Fine Edge Engineering Private Limited
Director29 Sep 20188 Years 1 MonthsCurrent
Ashok Basappa KanguriDirector09 Sep 199333 Years 1 MonthsCurrent
Ashok Shivlingappa Humbarwadi
Also directs: Jaihind Techno Machines Private Limited, Nutan Investments and Trading Private Limited, Fine Edge Engineering Private Limited and 1 more
Managing Director31 Dec 198243 Years 10 MonthsCurrent
Ashok Paranjape
Also directs: Orione Hydraulics Private Limited, Elegant Offset Printers Private Limited, Jayadi Techmac Private Limited and 5 more
Director30 Mar 20197 Years 7 MonthsCurrent
Vijay Siddojirao Katkar
Also directs: Jaihind Techno Machines Private Limited, Nutan Investments and Trading Private Limited
Director09 Dec 199629 Years 10 MonthsCurrent
Ramaiah Gedipudi
Also directs: Brundavan Laboratories Private Limited
Director09 Dec 199629 Years 10 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Ashok Iron Works Private Limited is compared with the 3 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mitc Rolling Mills Private Limited₹1,236.94 Cr (FY 2025)27.0%Nashik, Maharashtra, India
Ashok Iron Works Private Limitedthis company₹1,087.89 Cr (FY 2025)₹158.44 Cr14.6%5.0%885Belgaum, Karnataka, India
Alleima India Private Limited₹1,020.6 Cr (FY 2025)-8.0%Pune, Maharashtra, India
Siac SKH India Cabs Manufacturing Private Limited₹955 Cr (FY 2025)6.0%New Delhi, Delhi, India

To see the full peer comparison of Ashok Iron Works Private Limited, buy the company report.

Auditor

Ashok Iron Works Private Limited is audited by PUSHKAR OGALE & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PUSHKAR OGALE & COFY 2023020653S

Shareholding

The shareholding of Ashok Iron Works Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ashok Iron Works Private Limited, buy the company report.

Charges & borrowings

Open charges
₹187.6 Cr
Satisfied charges
₹184.24 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹125.00 Cr
Others₹60.00 Cr
Karnataka State Industrial Investment and Devlopment Corport₹2.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Oct 2025101191372Others₹60 CrOpen
19 Jul 2017100121705Hdfc Bank Limited₹125 CrOpen
20 Mar 200290192521Karnataka State Industrial Investment and Devlopment Corport₹2.6 CrOpen
11 Feb 201410478216Icici Bank Limited₹35 CrSatisfied
21 Sep 201110313541Icici Bank Limited₹18 CrSatisfied

To see the full charge records of Ashok Iron Works Private Limited, buy the company report.

Total charge records: 10 View all charges

Deals & funding

Ashok Iron Works Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹69.8 Lakh; the latest was in March 2025.

Total deals
7
Secondary share transfers
6
Funding round
1
Disclosed funding
₹69.8 Lakh

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2025Secondary share transferUndisclosedBuyer: an individual
Seller: Sukumar Hanji HUF, 2 individuals
Dec 2022Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2020Secondary share transferUndisclosedBuyer: an individual
Seller: Abhinandan M Hanji HUF, Dharmappa Hanji HUF, 2 individuals
Dec 2012Secondary share transferUndisclosedBuyer: Abhinandan M Hanji HUF, an individual
Seller: 4 individuals
Mar 2008Secondary share transferUndisclosedBuyer: Bhartesh Vasudev Hanji HUF, Kunal Humbarwadi HUF, Veerendra Humbarwadi HUF
Seller: 3 individuals

To see the full deal history of Ashok Iron Works Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Ashok Iron Works Private Limited was last rated by Crisil on 19 Dec 2019.

Rating agencyRated onRating
Crisil19 Dec 2019

To see the full credit ratings and regulatory alerts of Ashok Iron Works Private Limited, buy the company report.

MSME payment delays

Ashok Iron Works Private Limited has 2 MSME Form 1 returns on record for the period ending Jan 2019, listing 922 overdue payments to 89 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 89)

SupplierAmount dueDue sinceReported on
Sahil Industries
Sak Industries Private Ltd
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Ashok Iron Works Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Ashok Iron Works has 4 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

4
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Jayadi Techmac Private LimitedU29100KA2021PTC143463
Ashok Re E Nergy Private LimiteU40105KA2020PTC142115
Ashok Core Investments Private LimitedU65990KA2020PTC142643
Jayadi Spaces Private LimitedU70200KA2021PTC143462

To see the full group structure of Ashok Iron Works Private Limited, buy the company report.

Employees & EPFO

Ashok Iron Works Private Limited has a workforce of 885 employees on its EPFO records as of Apr 05, 2024, across 6 active EPFO establishments.

Employee count
885
Active EPFO establishments
6
Employee growth
6.63%

GST

Ashok Iron Works has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
29AAGCA0813L1ZOKarnatakaActive01 Jul 2017
29AAGCA0813L1DXKarnatakaActive13 Nov 2024
27AAGCA0813L1ZSMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Ashok Iron Works Private Limited, buy the company report.

Recent activity

Ashok Iron Works Private Limited has 15 board changes on record since 1982: 7 appointments and 8 cessations. The latest: Ashok Basappa Kanguri ceased to be Director on 29 Sep 2025.

Charges
A charge with Others amounted to Rs. 60.00 Cr with Charge ID 101191372 was registered on 30 Oct 2025.
Ceased
Ashok Basappa Kanguri ceased to be Director.
AGM
Ashok Iron Works Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ashok Iron Works Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 125.00 Cr registered on 19 Jul 2017 with Charge ID 100121705 was modified on 12 Apr 2023.
Charges
A charge registered on 21 Sep 2011 via Charge ID 10313541 with Icici Bank Limited was fully satisfied on 02 Feb 2023.
Ceased
Umesh Krishnarao Upadhye ceased to be Director.
Ceased
Ashok Paranjape ceased to be Additional Director.
Appointed
Ashok Paranjape was appointed as Director.
Ceased
Vijay Siddojirao Katkar ceased to be Director.
Appointed
Dayanand Devendra Kadam was appointed as Director.
Charges
A charge registered on 17 Jan 1996 via Charge ID 80027604 with State Bank Of India was fully satisfied on 26 Jun 2018.

28 earlier events are in the company report.

Frequently asked questions

Ashok Iron Works is an active private limited company based in Belgaum, Karnataka, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 12 November 1981 (45+ years old) and is registered under CIN U27104KA1981PTC004487.

Ashok Iron Works has 7 current directors:

The latest financial statements of Ashok Iron Works 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 Ashok Iron Works is 29AAGCA0813L1ZO, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAGCA0813L1DX (Karnataka), 27AAGCA0813L1ZS (Maharashtra).

The CIN (Corporate Identification Number) of Ashok Iron Works is U27104KA1981PTC004487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ashok Iron Works has 91 court cases on record: 50 filed by the company and 41 filed against it. 8 are pending. Most are in the district courts.

Ashok Iron Works was incorporated on 12 November 1981, making it 45+ years old. It is registered with the Registrar of Companies, Bangalore.

Ashok Iron Works has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹69.8 Lakh; the latest was in March 2025.

The peers of Ashok Iron Works by revenue are Mitc Rolling Mills Private Limited, Alleima India Private Limited, Siac SKH India Cabs Manufacturing Private Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).

Ashok Basappa Kanguri ceased to be Director on 29 Sep 2025. Umesh Krishnarao Upadhye ceased to be Director on 28 Nov 2019. Ashok Paranjape ceased to be Additional Director on 28 Sep 2019. Ashok Iron Works has 15 board changes on record in total.

Ashok Iron Works has 2 MSME Form 1 returns on record for the period ending Jan 2019, listing 922 overdue payments to 89 micro and small suppliers. The latest return was filed on 09 Jun 2019.

Ashok Iron Works can be reached through the website ashokiron.com. Its registered office is in Belgaum, Karnataka, India.