Ashok Magnetics Limited - Company Profile

It is a metals and minerals public limited company based in Gummidipoondi-601201., Tamil Nadu, India, established in 1993.
1993 Gummidipoondi-601201., Tamil Nadu, India Under Liquidation
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About Ashok Magnetics Limited

Ashok Magnetics Limited, a under liquidation public limited company, was established on 16 April 1993 in Gummidipoondi-601201., Tamil Nadu, India. Engaging in steel manufacturing & processing within the metals and minerals sector, it holds CIN: L30007TN1993PLC024842. Registered under ROC Roc Chennai. it is listed. It has an authorized capital of ₹30.00 Cr and a paid-up capital of ₹7.50 Cr.

It upholds a active non-compliant status. Employing 39 professional, Its leadership includes Ajay Kumar Agarwal (Managing Director), Anuj Kumar Behera (Additional Director), Bishan Singh (Director). Past directors included Ajay Kumar Agarwal, Stanislas Kolandi Raj, Ruli Ram Agarwal. It holds ₹211.00 Cr open charges and ₹26.00 Cr settled loans. Its latest AGM occurred on 30 September 2016, with the balance sheet filed on 31 March 2016. It is based at B-73 Sipcot Industrial Complexgummidipoondi-601201., Gummidipoondi-601201., Gummidipoondi-601201., Tamil Nadu, 601201.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    L30007TN1993PLC024842

  • Registration Number

    024842

  • Incorporation Date

    16 April 1993

  • Authorized Capital

    ₹30.00 Cr

  • Paid-Up Capital

    ₹7.50 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Listed

  • Company Status

    Under Liquidation

Key Metrics
  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 7.50 Cr
  • Company Age 33 Year, 1 Month
  • Last Filing with ROC 31 Mar 2016
  • Open Charges ₹ 211.00 Cr
  • Satisfied Charges ₹ 26.00 Cr
  • Revenue Growth **** -83.06%
  • Profit Growth **** 68.93%
  • Ebitda **** 100.57%
  • Net Worth -79.71%
  • Total Assets -10.40%
Company report

Ashok Magnetics Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Ashok Magnetics Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Ashok Magnetics Limited?
Current Directors
Name Designation Appointment Date Status
Ajay Kumar Agarwal Managing Director 10 Jul 1995 Current
Anuj Kumar Behera Additional Director 30 Dec 2016 Current
Bishan Singh Director 17 Mar 2015 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 23 Oct 2015 Past
Pramod Abcsdd Director 16 Aug 2014 Past
Pramod Abcsdd Director 14 Oct 2007 Past
Pramod Abcsdd Director 31 Jan 2008 Past
Pramod Abcsdd Director 02 Apr 2015 Past
Pramod Abcsdd Director 17 Mar 2015 Past

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Financial Performance of Ashok Magnetics.

Ashok Magnetics Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 83.06% decrease. The company also saw a substantial improvement in profitability, with a 68.93% increase in profit. The company's net worth observed a substantial decline by a decrease of 79.71%.

Ashok Magnetics revenue growth over time
Ashok Magnetics profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -83.06%
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*******
*******
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Revenue from Operations
*******
 -83.34%
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*******
*******
*******
Total Assets
*******
 -10.40%
*******
*******
*******
*******
Profit or Loss
*******
 68.93%
*******
*******
*******
*******
Net Worth
*******
 -79.71%
*******
*******
*******
*******
EBITDA
*******
 100.57%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Ashok Magnetics?

In 2016, Ashok Magnetics had a promoter holding of 74.61% and a public holding of 25.39%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹2,110,000,000.00

Satisfied Charges

₹260,000,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 90.43 Cr
  • Central Bank Of India (Consortium Leader Of Three Member Banks) : 42.00 Cr
  • Others : 20.00 Cr
  • Federal Bank Limited : 17.50 Cr
  • Toughened Alloys & Steels Private Limited : 15.00 Cr
  • Others : 26.07 Cr
Latest Charge Details
Date Lender Amount Status
10 Mar 2017 Others ₹2.00 Cr Open
10 Mar 2017 Others ₹6.00 Cr Open
20 Feb 2017 Others ₹5.50 Cr Open
02 Feb 2017 Others ₹6.50 Cr Open
10 Sep 2015 Bkl Steels Private Limited ₹3.80 Cr Open

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How Many Employees Work at Ashok Magnetics?

Ashok Magnetics has a workforce of 39 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ashok Magnetics, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ashok Magnetics's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Ashok Magnetics
Recent Activity within the Organization
  • Charges

    A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100116836 was registered on 10 Mar 2017. was recorded as a recent event.

  • Charges

    A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100116850 was registered on 10 Mar 2017. was recorded as a recent event.

  • Charges

    A charge with Others amounted to Rs. 5.50 Cr with Charge ID 100120165 was registered on 20 Feb 2017. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 6.50 Cr with Charge ID 100118196 was registered on 02 Feb 2017. was documented.

  • Director Appointment

    The activity Anuj Kumar Behera was appointed as a Additional Director was appointed as a Additional Director on 30 Dec 2016 & has been associated with this company since 9 years 4 months . was completed.

  • Annual General Meeting

    Ashok Magnetics Limited last Annual general meeting of members was held on 30 Sep 2016 as per latest MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Ashok Magnetics Limited?

The CIN of Ashok Magnetics Limited is L30007TN1993PLC024842.

Where is Ashok Magnetics Limited headquartered?

Ashok Magnetics Limited is headquartered at B-73 Sipcot Industrial Complexgummidipoondi-601201., Gummidipoondi-601201., Gummidipoondi-601201., Tamil Nadu, 601201.

When was Ashok Magnetics Limited incorporated?

Ashok Magnetics Limited was incorporated on 16 April 1993.

Who are the current directors of Ashok Magnetics Limited?

The current directors of Ashok Magnetics Limited are

What is the primary industry of Ashok Magnetics Limited?

The primary industry of Ashok Magnetics Limited is Metals And Minerals.

Is Ashok Magnetics Limited a listed company?

Ashok Magnetics Limited is listed.

What is the capital structure of Ashok Magnetics Limited?

The authorized capital of Ashok Magnetics Limited is ₹30.00 Cr, and the paid-up capital is ₹7.50 Cr.

What is the compliance status of Ashok Magnetics Limited?

The compliance status of Ashok Magnetics Limited is Active Non-Compliant.

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