About Ashtech Industries Private Limited
Data last updated:
Ashtech Industries Private Limited is a private limited company based in Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 September 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U23921DL2002PTC116862. Its GSTIN is 07AAECA0120G1ZF (Delhi). The company holds 11 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹5.6 Cr and a paid-up capital of ₹1.54 Cr. It was formerly known as Ashtech Marketing Private Limited. It is led by directors including Shiv Kumar Agarwal and Sumit Agarwal.
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 D – 49 Man Sarovar Park Shahadra, Delhi, India – 110032.
As per the financials filed for FY 2024, the company reported a revenue of ₹262.97 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹11.9 Cr (net margin 4.5%) and EBITDA of ₹30.54 Cr (EBITDA margin 11.6%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 22% over five years.
The company has about 66 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashtech Industries. As per MCA filings, the company has open charges of ₹251.43 Cr and satisfied charges of ₹85.71 Cr on record. Court records list 185 cases involving the company, including 28 filed by the company and 157 filed against it; 40 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.28 Cr; the latest was in October 2021. The company has 6 MSME Form 1 returns on record for the period ending Sep 2023, listing 62 overdue payments to 12 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 ashtechgroup.in.
CIN History
Ashtech Industries has one previous CIN (Corporate Identification Number): U74899DL2002PTC116862. The current CIN is U23921DL2002PTC116862, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23921DL2002PTC116862 | Current |
| U74899DL2002PTC116862 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressD – 49 Man Sarovar Park Shahadra, Delhi, India – 110032
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Associated Brands
Ashtech Industries operates one associated brand: Ashtech Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fly ash supply, concrete production, bricks manufacturing, and construction services in India. | ashtechgroup.in |
Business Activity
The main business activities of Ashtech Industries are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 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 |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
| G | Trade | G1 | Wholesale Trading | 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
Financials of Ashtech Industries Private Limited
FY 2024 filings availableAshtech Industries Private Limited reported revenue of ₹262.97 Cr (up 57% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 57% growth in the latest year. EBITDA rose 66% 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹30.54 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹11.9 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.6% | |
| Net Profit Margin | 4.5% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Industries are in the company report.
: available in the company report
Board of Directors of Ashtech Industries Private Limited
Ashtech Industries has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiv Kumar Agarwal Also directs: Kna Green Agro LLP | Director | 06 Sep 2002 | 24 Years 1 Months | Current |
| Sumit Agarwal | Director | 30 Mar 2019 | 7 Years 6 Months | Current |
| Girish Agarwal | Director | 30 Mar 2019 | 7 Years 6 Months | Current |
| Sanjeev Kumar | Director | 01 Oct 2016 | 10 Years 0 Months | Current |
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2025 | Yes Bank Limited | ₹4.74 Cr | Open |
| 10 Nov 2025 | Others | ₹32.99 Lakh | Open |
| 29 Oct 2025 | Others | ₹45.68 Lakh | Open |
| 17 Oct 2025 | Hdfc Bank Limited | ₹18.9 Lakh | Open |
| 30 Sep 2025 | Others | ₹8.9 Cr | Open |
Total charge records: 119 View all charges
Deals & Funding
Ashtech Industries Private Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.28 Cr; the latest was in October 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Raama Buildcon Private Limited , S.K. Technobuild Private Limited , 2 individuals Seller: 4 individuals |
| Apr 2010 | Funding round | ₹15 Lakh | Investors: A G M Properties Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ad Fin Capital Services India Private Limited , Euro Asia Mercantile Private Limited , Victory Software Private Limited |
| Mar 2009 | Funding round | ₹4.36 Cr | Investors: Alstone Textiles (India) Limited , Victory Software Private Limited, Aarshee Consultancy Services Private Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Raama Buildcon Private Limited , 3 individuals Seller: Girish Agarwal Huf, 3 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Ashtech Industries Private Limited has 185 court cases on record: 28 filed by Ashtech Industries, 157 filed against it. 40 cases are pending and 145 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 173 | 150 | 39 |
| High courts | 6 | 3 | 1 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 185)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed by the company against Bhrigvanshi Infra and Interiors Private Limited- Sanjay Pathak and Ors | Pending |
| District court, Shahdara, Delhi | Court case (Civ Suit) | Filed by the company against M/S Super City Developers Pvt Ltd | Disposed |
| District court, Shahdara, Delhi | Court case (Civ Suit) | Filed by the company against M/S Seikom Infracom Pvt Ltd | Disposed |
| District court, Shahdara, Delhi | Commercial suit | Filed by the company against Odeon Builders Pvt Ltd | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed by the company against M/S Mist Avenue Private Ltd | Disposed |
: available in the company report
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
Ashtech Industries Private Limited has 6 MSME Form 1 returns on record for the period ending Sep 2023, listing 62 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Singh Brothers | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Ashtech Industries.
: available in the company report
Recent Activity
Ashtech Industries Private Limited has 9 board changes on record since 2002: 4 appointments and 5 cessations. The latest: Girish Agarwal ceased to be Additional Director on 30 Sep 2019.
203 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Ashtech Industries has 11 GST registrations: 8 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECA0120G1ZF | Delhi | Active | 01 Jul 2017 |
| 06AAECA0120G1ZH | Haryana | Active | 01 Jul 2017 |
| 09AAECA0120G1ZB | Uttar Pradesh | Active | 01 Jul 2017 |
| 22AAECA0120G1ZN | Chattisgarh | Active | 10 Aug 2022 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Ashtech Industries is an active private limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 06 September 2002 (24+ years old) and is registered under CIN U23921DL2002PTC116862.
Ashtech Industries has 4 current directors:
- Shiv Kumar Agarwal - Director
- Sumit Agarwal - Director
- Girish Agarwal - Director
- Sanjeev Kumar - Director
The latest financial statements of Ashtech Industries 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 Ashtech Industries is 07AAECA0120G1ZF, registered in Delhi. The company has 11 GST registrations in all, of which 8 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAECA0120G1ZH (Haryana), 09AAECA0120G1ZB (Uttar Pradesh), 22AAECA0120G1ZN (Chattisgarh).
The CIN (Corporate Identification Number) of Ashtech Industries is U23921DL2002PTC116862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtech Industries has 185 court cases on record: 28 filed by the company and 157 filed against it. 40 are pending. Most are in the district courts.
Ashtech Industries was incorporated on 06 September 2002, making it 24+ years old. It is registered with the Registrar of Companies, Delhi.
Ashtech Industries has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.28 Cr; the latest was in October 2021.
Girish Agarwal ceased to be Additional Director on 30 Sep 2019. Sumit Agarwal ceased to be Additional Director on 30 Sep 2019. Girish Agarwal was appointed as Director on 30 Mar 2019. Ashtech Industries has 9 board changes on record in total.
Ashtech Industries has 6 MSME Form 1 returns on record for the period ending Sep 2023, listing 62 overdue payments to 12 micro and small suppliers. The latest return was filed on 28 Dec 2023.
Ashtech Industries can be reached through the website ashtechgroup.in. Its registered office is in Delhi, India.