About Ashok Magnetics Limited
Data last updated: 24 June 2025
Ashok Magnetics Limited is a public limited company based in Gummidipoondi-601201., Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It specialises in steel manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 16 April 1993, the company has been in operation for over 33 years.
Registered with ROC Chennai under CIN L30007TN1993PLC024842. Listed.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹7.5 Cr. It is led by directors including Bishan Singh and Ajay Kumar Agarwal.
Last AGM: 30 September 2016. Financial statements filed for year ended 31 March 2016. Office: B – 73 Sipcot Industrial Complexgummidipoondi – 601201., Gummidipoondi – 601201., Tamil Nadu, India – 601201.
As per the financials filed for FY 2016, the company reported a revenue of ₹24.46 Cr, a decline of 83% compared to the previous year.
The company has a workforce of approximately 39 employees as per the latest available data.
As per MCA filings, the company has open charges of ₹211 Cr and satisfied charges of ₹26 Cr on record.
The company is currently under liquidation - its assets are being sold to settle outstanding debts. It may lack the legal capacity to fulfil new agreements, and creditors are prioritised in the distribution of proceeds. The last known website on record is amlsteel.in.
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Registered AddressB – 73 Sipcot Industrial Complexgummidipoondi – 601201., Gummidipoondi – 601201., Tamil Nadu, India – 601201
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IndustryMetals and Minerals, Steel Manufacturing & Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
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Business Activity of Ashok Magnetics Limited
Ashok Magnetics Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details for Ashok Magnetics Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Ashok Magnetics Limited
Ashok Magnetics Limited is audited by RAJESH JANGID & CO for the financial year 2016. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESH JANGID & CO | Locked | Locked | Locked |
Complete auditor history for Ashok Magnetics Limited
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Board of Directors of Ashok Magnetics Limited
Ashok Magnetics Limited is currently managed by 3 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Bishan Singh
Also directs:
Ankit Ispat Private Limited
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Director | 17 Mar 2015 | 11 Years 4 Months | As last reported |
| Ajay Kumar Agarwal | Managing Director | 10 Jul 1995 | 31 Years 1 Months | As last reported |
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Anuj Kumar Behera
Also directs:
Ankit Ispat Private Limited
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Additional Director | 30 Dec 2016 | 9 Years 7 Months | As last reported |
Financials of Ashok Magnetics Limited FY 2016 filings available
Ashok Magnetics Limited reported revenue of ₹24.46 Cr (down 83.00% YoY) for FY 2016.
Ten-year financial statements for Ashok Magnetics Limited
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Ownership and Shareholding of Ashok Magnetics Limited
Shareholding and ownership data for Ashok Magnetics Limited
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Charges & Borrowings of Ashok Magnetics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Mar 2017 | Others | ₹2 Cr | Open |
| 10 Mar 2017 | Others | ₹6 Cr | Open |
| 20 Feb 2017 | Others | ₹5.5 Cr | Open |
| 02 Feb 2017 | Others | ₹6.5 Cr | Open |
| 10 Sep 2015 | Bkl Steels Private Limited | ₹3.8 Cr | Open |
Total charge records: 18 View all charges
Employees and EPFO Compliance at Ashok Magnetics Limited
Ashok Magnetics Limited has a workforce of 39 employees as of Apr 07, 2024.
Employee and EPFO history for Ashok Magnetics Limited
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GST Compliance of Ashok Magnetics Limited
GST registrations and filing compliance for Ashok Magnetics Limited
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Credit Ratings, Litigation & Regulatory Alerts for Ashok Magnetics Limited
Credit ratings, litigation, and regulatory alerts for Ashok Magnetics Limited
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MSME Payment Delays by Ashok Magnetics Limited
MSME payment history for Ashok Magnetics Limited
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Subsidiaries & Group Companies of Ashok Magnetics Limited
Corporate group structure for Ashok Magnetics Limited
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MCA Filings & Documents of Ashok Magnetics Limited
MCA filings and documents for Ashok Magnetics Limited
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Recent Activity on Ashok Magnetics Limited
Frequently Asked Questions about Ashok Magnetics Limited
Ashok Magnetics Limited is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ashok Magnetics Limited is a company under liquidation, formerly operating as a public limited company in the metals and minerals sector based in Gummidipoondi-601201, Tamil Nadu, India. It was incorporated on 16 April 1993 and is registered under CIN L30007TN1993PLC024842. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ashok Magnetics Limited reported revenue of ₹24.46 Cr for FY 2016 (down 83.00% YoY).
The current directors of Ashok Magnetics Limited are:
- Bishan Singh - Director
- Ajay Kumar Agarwal - Managing Director
- Anuj Kumar Behera - Additional Director
The CIN (Corporate Identification Number) of Ashok Magnetics Limited is L30007TN1993PLC024842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Ashok Magnetics Limited is a listed company.