MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0001563
Ashvini Magnets Private Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.59 Cr
▼ 14% YoY
Net loss · FY 2025
₹56.87 Lakh
Net margin -4.5%
EBITDA · FY 2025
₹1.21 Cr
EBITDA margin 9.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹8.7 Cr
Satisfied ₹6.08 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
32
Provident fund records
About Ashvini Magnets Private Limited
Data last updated:
Ashvini Magnets Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 22 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27104MH1996PTC098335. Its GSTIN is 27AABCA4615M1ZN (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Vikram Ajit Dhoot (Managing Director) and Nirmala Ajit Dhoot.
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 Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.59 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹56.87 Lakh (net margin -4.5%) and EBITDA of ₹1.21 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 13% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.7 Cr and satisfied charges of ₹6.08 Cr on record.
Ashvini Magnets Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0001563). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashvinimagnets.com.
Company details
CIN U27104MH1996PTC098335
Registration Number 098335
Incorporation Date 22 March 1996
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0001563
Key People
Vikram Ajit Dhoot Managing Director Nirmala Ajit Dhoot Director Shilpa Vikram Dhoot Director Recognitions & Rankings of Ashvini Magnets
Contact details
Ashvini Magnets Private Limited's registered office is in Pune, Maharashtra. Its website is ashvinimagnets.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFlat No. 1 Akanksha Apts 1st Floor Pallod Farms – 2 Lane 4 Behind Mauli Petrol Pum, P Baner, Pune, Maharashtra, India – 411045
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Ashvini Magnets Private Limited, buy the company report.
Comprehensive company report
Ashvini Magnets 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 Ashvini Magnets is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ashvini Magnets Private Limited, buy the company report.
Financials of Ashvini Magnets Private Limited
FY 2025 filings availableAshvini Magnets Private Limited reported revenue of ₹12.59 Cr (down 14% YoY) for FY 2025.
Revenue · FY 2025
₹12.59 Cr ▼ 14%
Net loss · FY 2025
₹56.87 Lakh margin -4.5%
EBITDA · FY 2025
₹1.21 Cr margin 9.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 26%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 79%
3 years · compounded
▲ 7%
5 years · compounded
▼ 7%
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 79% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56.87 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | ||||
| Net Profit Margin | -4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ashvini Magnets Private Limited, buy the company report.
Board of directors of Ashvini Magnets Private Limited
Ashvini Magnets has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Ajit Dhoot Also directs: Eka Magnet Technologies LLP, Ashvini Rare Earth Private Limited | Managing Director | 20 Oct 1996 | 30 Years 0 Months | Current |
| Nirmala Ajit Dhoot | Director | 01 Oct 2014 | 12 Years 0 Months | Current |
| Shilpa Vikram Dhoot | Director | 01 Oct 2013 | 13 Years 0 Months | Current |
| Ayush Vikram Dhoot Also directs: Eka Magnet Technologies LLP, Ashvini Rare Earth Private Limited | Director | 15 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Ashvini Magnets Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Basant Fibertek Private Limited | ₹12.62 Cr (FY 2025) | -9.0% | Kolkata, West Bengal, India | |||
| Promas Engineers Private Limited | ₹12.6 Cr (FY 2025) | 17.0% | Navi Mumbai, Maharashtra, India | |||
| Ashvini Magnets Private Limitedthis company | ₹12.59 Cr (FY 2025) | -₹56.87 Lakh | -4.5% | -14.0% | 32 | Pune, Maharashtra, India |
| Megatech International Private Limited | ₹12.58 Cr (FY 2024) | 2.0% | Alwar, Rajasthan, India | |||
| Silverline Metal Engineering P Ltd | ₹12.58 Cr (FY 2024) | 16.0% | Navi Mumbai, Maharashtra, India | |||
| Applied Electrostatics and Controls Private Limited | ₹12.58 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| JH Sciaky Limited | ₹12.55 Cr (FY 2025) | 33.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Ashvini Magnets Private Limited, buy the company report.
Auditor
Ashvini Magnets Private Limited is audited by L F KARNAVAT & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L F KARNAVAT & CO | FY 2023 | 104867W |
Shareholding
The shareholding of Ashvini Magnets Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashvini Magnets Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.7 Cr
Satisfied charges
₹6.08 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2023 | 100684197 | Bank of India | ₹8.7 Cr | Open | |
| 22 Jul 2020 | 100368444 | Others | ₹18.34 Lakh | Satisfied | |
| 16 Sep 2016 | 100053151 | Others | ₹1.22 Cr | Satisfied | |
| 17 Jun 2013 | 10437604 | Tata Capital Financial Services Limited | ₹1.87 Cr | Satisfied | |
| 23 Dec 2011 | 10331306 | Tata Capital Limited | ₹73.5 Lakh | Satisfied |
To see the full charge records of Ashvini Magnets Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Ashvini Magnets Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashvini Magnets Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashvini Magnets Private Limited has a workforce of 32 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
-13.51%
GST
Ashvini Magnets has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA4615M1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashvini Magnets Private Limited, buy the company report.
Recent activity
Ashvini Magnets Private Limited has 8 board changes on record since 1996: 6 appointments and 2 cessations. The latest: Ajit Narayandas Dhoot ceased to be Director on 26 Dec 2023.
AGM
Ashvini Magnets Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ashvini Magnets Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Ajit Narayandas Dhoot ceased to be Director.
Charges
A charge registered on 22 Jul 2020 via Charge ID 100368444 with Others was fully satisfied on 17 Jul 2023.
Charges
A charge registered on 16 Sep 2016 via Charge ID 100053151 with Others was fully satisfied on 17 Jul 2023.
Appointed
Ayush Vikram Dhoot was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 870.00 Lakh with Charge ID 100684197 was registered on 23 Feb 2023.
Charges
A charge with Others amounted to Rs. 18.34 Lakh with Charge ID 100368444 was registered on 22 Jul 2020.
Charges
A charge registered on 20 May 2010 via Charge ID 10225042 with Tata Capital Limited was fully satisfied on 16 Sep 2019.
Ceased
Ashish Ajit Dhoot ceased to be Additional Director.
Appointed
Ashish Ajit Dhoot was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 122.00 Lakh with Charge ID 100053151 was registered on 16 Sep 2016.
15 earlier events are in the company report.
Frequently asked questions
Ashvini Magnets is an active private limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 22 March 1996 (30+ years old) and is registered under CIN U27104MH1996PTC098335.
Ashvini Magnets has 4 current directors:
- Vikram Ajit Dhoot - Managing Director
- Nirmala Ajit Dhoot - Director
- Shilpa Vikram Dhoot - Director
- Ayush Vikram Dhoot - Director
The latest financial statements of Ashvini Magnets on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashvini Magnets is 27AABCA4615M1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashvini Magnets is U27104MH1996PTC098335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashvini Magnets was incorporated on 22 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Ashvini Magnets by revenue are Basant Fibertek Private Limited, Promas Engineers Private Limited, Megatech International Private Limited, Silverline Metal Engineering P Ltd, Applied Electrostatics and Controls Private Limited and 1 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Ajit Narayandas Dhoot ceased to be Director on 26 Dec 2023. Ayush Vikram Dhoot was appointed as Director on 15 Jul 2023. Ashish Ajit Dhoot ceased to be Additional Director on 01 Sep 2018. Ashvini Magnets has 8 board changes on record in total.
Yes, Ashvini Magnets is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0001563).
Ashvini Magnets can be reached through the website ashvinimagnets.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Ashvini Magnets is at Flat No. 1 Akanksha Apts 1st Floor Pallod Farms – 2 Lane 4 Behind Mauli Petrol Pum, P Baner, Pune, Maharashtra, India – 411045.