About Ashwinassociates Private Limited
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Ashwinassociates Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 31 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016PTC110693. Its GSTIN is 33AAOCA4634P1Z8 (Tamil Nadu). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Balakrishnan Suresh (Managing Director) and Raaman Aarthi.
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 23/75 S.S. Colony. Ram Nagar, Madurai, Tamil Nadu, India – 625016.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.85 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹9.95 Lakh (net margin 0.8%) and EBITDA of ₹52.75 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 9% over five years.
The company is associated with 1 brand: Ashwin Associates. As per MCA filings, the company has open charges of ₹3.64 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 ashwinassociates.com.
Company details
Contact details
Ashwinassociates Private Limited's registered office is in Madurai, Tamil Nadu. Its website is ashwinassociates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23/75 S.S. Colony. Ram Nagar, Madurai, Tamil Nadu, India – 625016
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Ashwinassociates Private Limited, buy the company report.
- 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
Brands
Ashwinassociates operates one associated brand: Ashwin Associates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supplying medical equipments and surgical instruments in India. | ashwinassociates.com |
Business activity
The main business activity of Ashwinassociates is trade. In detail, this covers wholesale trading and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Ashwinassociates Private Limited, buy the company report.
Financials of Ashwinassociates Private Limited
FY 2025 filings availableAshwinassociates Private Limited reported revenue of ₹11.85 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 6% growth in the latest year. EBITDA rose 21% 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 | ₹52.75 Lakh | ||||
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| Net Profit (PAT) | ₹9.95 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Ashwinassociates Private Limited, buy the company report.
Board of directors of Ashwinassociates Private Limited
Ashwinassociates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balakrishnan Suresh | Managing Director | 31 May 2016 | 10 Years 5 Months | Current |
| Raaman Aarthi | Director | 31 May 2016 | 10 Years 5 Months | Current |
Auditor
Ashwinassociates Private Limited is audited by MANOHAR CHOWDHRY AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOHAR CHOWDHRY AND ASSOCIATES | FY 2023 | 001997S |
Shareholding
The shareholding of Ashwinassociates Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashwinassociates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2024 | 101023720 | Hdfc Bank Limited | ₹5.07 Lakh | Open | |
| 16 Jul 2024 | 100960547 | City Union Bank Limited | ₹25 Lakh | Open | |
| 12 Jan 2024 | 100879040 | City Union Bank Limited | ₹20 Lakh | Open | |
| 22 Apr 2020 | 100428323 | City Union Bank Limited | ₹15 Lakh | Open | |
| 08 Feb 2019 | 100245923 | City Union Bank Limited | ₹2.99 Cr | Open |
To see the full charge records of Ashwinassociates Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Ashwinassociates 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 Ashwinassociates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashwinassociates has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAOCA4634P1Z8 | Tamil Nadu | Active | 14 Oct 2017 |
To see the full GST registrations and return filing status of Ashwinassociates Private Limited, buy the company report.
Recent activity
Ashwinassociates Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Balakrishnan Suresh was appointed as Managing Director on 31 May 2016.
Frequently asked questions
Ashwinassociates is an active private limited company based in Madurai, Tamil Nadu, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 31 May 2016 (10+ years old) and is registered under CIN U74999TN2016PTC110693.
Ashwinassociates has 2 current directors:
- Balakrishnan Suresh - Managing Director
- Raaman Aarthi - Director
The latest financial statements of Ashwinassociates 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 FY 2017 are in the company report.
The GSTIN of Ashwinassociates is 33AAOCA4634P1Z8, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ashwinassociates is U74999TN2016PTC110693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashwinassociates was incorporated on 31 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Balakrishnan Suresh was appointed as Managing Director on 31 May 2016. Raaman Aarthi was appointed as Director on 31 May 2016.
Ashwinassociates can be reached through the website ashwinassociates.com. Its registered office is in Madurai, Tamil Nadu, India.
The registered office of Ashwinassociates is at 2375 S.S. Colony. Ram Nagar, Madurai, Tamil Nadu, India – 625016.
Ashwinassociates operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
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