About Ashtech (India) Private Limited
Data last updated:
Ashtech (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 06 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2002PTC135081. Its GSTIN is 06AAECA4133B1ZE (Haryana). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.47 Cr. It is led by directors Satish Hanumanprasad Mandhania (Whole-Time Director) and Sanjay Hanumanprasad Mandhania (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 30 Ashtech House Popatwadi Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹824.12 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹29.71 Cr (net margin 3.6%) and EBITDA of ₹69.07 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 32% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashtech. As per MCA filings, the company has open charges of ₹269.28 Cr and satisfied charges of ₹433.63 Cr on record. Court records list 180 cases involving the company, including 33 filed by the company and 131 filed against it; 40 cases are pending. The company has 12 deals on record (7 funding rounds, 5 secondary share transfers), with disclosed funding of ₹63.22 Cr; the latest was in March 2024. Its 10 peer companies in the same principal business activity (Wholesale Trading) are compared by revenue, 5 larger and 5 smaller; the largest is Delta Global Private Limited. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 10 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 ashtechindia.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address30 Ashtech House Popatwadi Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Construction Materials
- 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
- One PDF report, delivered after checkout
Business Activity of Ashtech (India) Private Limited
The main business activities of Ashtech (India) are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ashtech (India) Private Limited FY 2025 filings available
Ashtech (India) Private Limited reported revenue of ₹824.12 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ashtech (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 3% growth in the latest year. EBITDA rose 12% 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 of Ashtech (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹69.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹29.71 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 of Ashtech (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashtech (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ashtech (India) Private Limited
Ashtech (India) Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Delta Global Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Gewinner Tradex Private Limited | •••• | •••• | •••• | •••• | - | Daman, Daman And Diu, India |
| Arvind Motors Private Limited | •••• | •••• | •••• | •••• | 1,259 | Mangalore, Karnataka, India |
| Foresight Bullion India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| DKSH India Private Limited | •••• | •••• | •••• | •••• | 153 | Mumbai, Maharashtra, India |
| Ashtech (India) Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Apex Techno Polymer Private Limited | •••• | •••• | •••• | •••• | 76 | Mumbai, Maharashtra, India |
| Manohar Capital Markets Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Krishna Coil Cutters Private Limited | •••• | •••• | •••• | •••• | - | Kheda, Gujarat, India |
| G.K. Autowheels Private Limited | •••• | •••• | •••• | •••• | - | Raipur, Chattisgarh, India |
| SK Hynix Semiconductor India Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Ashtech (India) by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ashtech (India) Private Limited
Ashtech (India) Private Limited is audited by Ram Agarwal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ram Agarwal & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ashtech (India) Private Limited
Ashtech (India) has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Hanumanprasad Mandhania Also directs: Ashtech A to Z Exim LLP, Ashtech Speciality Chemicals Private Limited, Ashtech Technologies Private Limited and 5 more | Whole-Time Director | 06 Mar 2002 | 24 Years 7 Months | Current |
| Sanjay Hanumanprasad Mandhania Also directs: Ashtech Speciality Chemicals Private Limited, Ashtech Technologies Private Limited, Kasturi Nagesh Pai and Co Pvt Ltd and 2 more | Whole-Time Director | 06 Mar 2002 | 24 Years 7 Months | Current |
Ownership and Shareholding of Ashtech (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ashtech (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Sep 2025 | Axis Bank Limited | ₹30.49 Lakh | Open |
| 09 Apr 2025 | Others | ₹19.75 Cr | Open |
| 29 Mar 2025 | Others | ₹2.25 Cr | Open |
| 27 Mar 2025 | Others | ₹1.85 Cr | Open |
| 26 Mar 2025 | Axis Bank Limited | ₹66.18 Lakh | Open |
Total charge records: 157 View all charges
Deals & Funding of Ashtech (India) Private Limited
Ashtech (India) Private Limited has 12 deals on record (7 funding rounds, 5 secondary share transfers), with disclosed funding of ₹63.22 Cr; the latest was in March 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹19.2 Cr | Investors: Quick Developers and Fiscal Services Private Ltd |
| Apr 2015 | Funding round | ₹7.96 Cr | Investors: Oracle Finex Ltd. , Bankat Hanumanprasad Mandhania, 2 individuals |
| Oct 2014 | Funding round | ₹5.92 Cr | Investors: Oracle Finex Ltd. , Bankat Hanumanprasad Mandhania, 2 individuals |
| Apr 2007 | Secondary share transfer | Undisclosed | Buyer: Bankat Hanumanprasad Mandhania, an individual Seller: Oracle Finex Ltd. , 2 individuals |
| Mar 2007 | Funding round | ₹65.7 Lakh | Investors: Oracle Finex Ltd. , Bankat Hanumanprasad Mandhania, 2 individuals |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ashtech (India) Private Limited
Ashtech (India) Private Limited has 180 court cases on record: 33 filed by Ashtech (India), 131 filed against it, 16 where it is another party. 40 cases are pending and 140 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 150 | 127 | 28 |
| High courts | 28 | 4 | 11 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 180)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against NTPC Limited | Disposed |
| High Court of Chhattisgarh | Writ petition | Filed by the company against NTPC Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Acc Limited | Disposed |
| District court, Lalitpur, Uttar Pradesh | Criminal case | Filed against the company by State of U.P | Pending |
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Pending |
Full case history
All 180 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
MSME Payment Delays by Ashtech (India) Private Limited
Ashtech (India) Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Commercial Syn Bags Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| E-Fleet Systems Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Ashtech (India) Private Limited
Ashtech (India) operates one associated brand: Ashtech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cement, concrete, admixtures, and building materials are manufactured and distributed. | ashtechindia.net |
Employees and EPFO Compliance at Ashtech (India) Private Limited
Ashtech (India) Private Limited has a workforce of 112 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ashtech (India) Private Limited
Ashtech (India) Private Limited has 7 board changes on record since 2002: 2 appointments and 5 cessations. The latest: Hanuman Prasad Mandhania ceased to be Whole-Time Director on 01 Jan 2022.
291 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ashtech (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ashtech (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ashtech (India) Private Limited
Ashtech (India) has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECA4133B1ZE | Haryana | Active | 01 Jul 2017 |
| 07AAECA4133B1ZC | Delhi | Active | 01 Jul 2017 |
| 24AAECA4133B1ZG | Gujarat | Active | 01 Jul 2017 |
| 29AAECA4133B2Z5 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ashtech (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ashtech (India) Private Limited
Ashtech (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 06 March 2002 (24+ years old) and is registered under CIN U74999MH2002PTC135081.
Ashtech (India) reported revenue of ₹824.12 Cr for FY 2025 (up 3% YoY).
Ashtech (India) has 2 current directors:
- Satish Hanumanprasad Mandhania - Whole-Time Director
- Sanjay Hanumanprasad Mandhania - Whole-Time Director
Ashtech (India) reported a net profit of ₹29.71 Cr (net margin 3.6%) and EBITDA of ₹69.07 Cr (EBITDA margin 8.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashtech (India) is 29% over three years and 32% over five years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashtech (India) is 06AAECA4133B1ZE, registered in Haryana. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAECA4133B1ZC (Delhi), 24AAECA4133B1ZG (Gujarat), 29AAECA4133B2Z5 (Karnataka).
The CIN (Corporate Identification Number) of Ashtech (India) is U74999MH2002PTC135081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtech (India) has 180 court cases on record: 33 filed by the company and 131 filed against it. 40 are pending. Most are in the district courts.
Ashtech (India) was incorporated on 06 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashtech (India) has 12 deals on record (7 funding rounds, 5 secondary share transfers), with disclosed funding of ₹63.22 Cr; the latest was in March 2024.
The peers of Ashtech (India) by revenue are Delta Global Private Limited, Gewinner Tradex Private Limited, Arvind Motors Private Limited, Foresight Bullion India Private Limited, DKSH India Private Limited and 5 more, all in the same principal business activity (Wholesale Trading).
Hanuman Prasad Mandhania ceased to be Whole-Time Director on 01 Jan 2022. Bankat Hanumanprasad Mandhania ceased to be Director on 01 Apr 2015. Sanjay Hanumanprasad Mandhania ceased to be Director on 01 Apr 2015. Ashtech (India) has 7 board changes on record in total.