About Ashwin Fasteners Private Limited
Data last updated:
Ashwin Fasteners Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 10 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2010PTC059533. Its GSTIN is 24AAICA2422M1ZT (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Pratik Jayesh Panchal and Binalben Ashwinbhai Panchal.
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 F.B. No. 496 Kothari Ind. Estate No. 2 Rakanpur Taluka Kalol Gandhinagar – 3827, 21, Gujarat, India – 382721.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.45 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹23.04 Lakh (net margin 0.8%) and EBITDA of ₹2.25 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 5% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashwin Fasteners. As per MCA filings, the company has open charges of ₹9.93 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashwinfasteners.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressF.B. No. 496 Kothari Ind. Estate No. 2 Rakanpur Taluka Kalol Gandhinagar – 3827, 21, Gujarat, India – 382721
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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 Ashwin Fasteners Private Limited
The main business activity of Ashwin Fasteners is manufacturing. In detail, this covers 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
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 Ashwin Fasteners Private Limited FY 2024 filings available
Ashwin Fasteners Private Limited reported revenue of ₹27.45 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ashwin Fasteners Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 11% growth in the latest year. EBITDA rose 38% 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 Ashwin Fasteners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.25 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.04 Lakh | •••• | •••• | •••• | •••• |
| 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 Ashwin Fasteners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Ashwin Fasteners 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 Ashwin Fasteners Private Limited
Ashwin Fasteners Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Solitis Electrical Solutions Private Limited | ₹27.6 Cr (FY 2025) | •••• | •••• | 171.0% | •••• | Pune, Maharashtra, India |
| Ess Enn Auto CNC Private Limited | ₹27.6 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| NMC Tools Private Limited | ₹27.54 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| Stmspa Geardrives Private Limited | ₹27.51 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Coimbatore, Tamil Nadu, India |
| Marcopolo Products Pvt Ltd | ₹27.47 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Pune, Maharashtra, India |
| Ashwin Fasteners Private Limited this company | ₹27.45 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Gandhinagar, Gujarat, India |
| Vitalcore Industrials Private Limited | ₹27.4 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Kancheepuram, Tamil Nadu, India |
| Srinarsingha Steels India Private Limited | ₹27.38 Cr (FY 2025) | •••• | •••• | 462.0% | •••• | Navimumbai, Maharashtra, India |
| Essen Fabricators Pvt Ltd | ₹27.36 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Kharagpur, West Bengal, India |
| Metatek Engineering Private Limited | ₹27.35 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Varodara, Gujarat, India |
| Movex Ag. (India) Private Limited | ₹27.34 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Ashwin Fasteners by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ashwin Fasteners Private Limited
Ashwin Fasteners Private Limited is audited by DARSHAN MANUBHAI PANCHAL for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DARSHAN MANUBHAI PANCHAL | 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 Ashwin Fasteners Private Limited
Ashwin Fasteners has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratik Jayesh Panchal | Director | 10 Feb 2010 | 16 Years 7 Months | Current |
| Binalben Ashwinbhai Panchal | Director | 10 Feb 2010 | 16 Years 7 Months | Current |
| Ashwinkumar Govindlal Panchal | Director | 10 Feb 2010 | 16 Years 7 Months | Current |
| Jayeshkumar Govindlal Panchal Also directs: Jayesh Fasteners Private Limited. | Director | 10 Feb 2010 | 16 Years 7 Months | Current |
Ownership and Shareholding of Ashwin Fasteners 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 Ashwin Fasteners Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Nov 2021 | Sidbi | ₹1.93 Cr | Open |
| 13 Oct 2017 | Others | ₹1 Cr | Open |
| 18 Oct 2010 | Bank of India | ₹3.5 Cr | Open |
| 14 Oct 2010 | Bank of India | ₹3.5 Cr | Open |
Total charge records: 4 View all charges
Associated Brands with Ashwin Fasteners Private Limited
Ashwin Fasteners operates one associated brand: Ashwin Fasteners. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of fasteners and provision of packaging services in industrial sectors. | ashwinfasteners.com |
Employees and EPFO Compliance at Ashwin Fasteners Private Limited
Ashwin Fasteners Private Limited has a workforce of 48 employees as of Apr 06, 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 Ashwin Fasteners Private Limited
Ashwin Fasteners Private Limited has 4 board changes on record since 2010: 4 appointments. The latest: Ashwinkumar Govindlal Panchal was appointed as Director on 10 Feb 2010.
Credit Ratings, Litigation & Regulatory Alerts for Ashwin Fasteners 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.
MSME Payment Delays by Ashwin Fasteners Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ashwin Fasteners 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 Ashwin Fasteners Private Limited
Ashwin Fasteners has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICA2422M1ZT | Gujarat | Active | 01 Jul 2017 |
| 24AAICA2422M1D2 | Gujarat | Active | 27 Dec 2024 |
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 Ashwin Fasteners 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 Ashwin Fasteners Private Limited
Ashwin Fasteners is an active private limited company based in Gandhinagar, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 10 February 2010 (16+ years old) and is registered under CIN U29100GJ2010PTC059533.
Ashwin Fasteners reported revenue of ₹27.45 Cr for FY 2024 (up 11% YoY).
Ashwin Fasteners has 4 current directors:
- Pratik Jayesh Panchal - Director
- Binalben Ashwinbhai Panchal - Director
- Ashwinkumar Govindlal Panchal - Director
- Jayeshkumar Govindlal Panchal - Director
Ashwin Fasteners reported a net profit of ₹23.04 Lakh (net margin 0.8%) and EBITDA of ₹2.25 Cr (EBITDA margin 8.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashwin Fasteners is 23% over three years and 5% over five years. In the latest year (FY 2024) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashwin Fasteners is 24AAICA2422M1ZT, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAICA2422M1D2 (Gujarat).
The CIN (Corporate Identification Number) of Ashwin Fasteners is U29100GJ2010PTC059533. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashwin Fasteners was incorporated on 10 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashwin Fasteners by revenue are Solitis Electrical Solutions Private Limited, Ess Enn Auto CNC Private Limited, NMC Tools Private Limited, Stmspa Geardrives Private Limited, Marcopolo Products Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Ashwinkumar Govindlal Panchal was appointed as Director on 10 Feb 2010. Binalben Ashwinbhai Panchal was appointed as Director on 10 Feb 2010. Jayeshkumar Govindlal Panchal was appointed as Director on 10 Feb 2010. Ashwin Fasteners has 4 board changes on record in total.
Ashwin Fasteners can be reached through the website ashwinfasteners.com. Its registered office is in Gandhinagar, Gujarat, India.