About Asi Industries Limited
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Asi Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 17 January 1945 and has been in existence for over 81 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L14101MH1945PLC256122. Its GSTIN is 27AACCA3549F1ZU (Maharashtra). The company holds 4 GST registrations, of which 2 are active. Its shares are listed on BSE: 502015.
The company has an authorised share capital of ₹28.45 Cr and a paid-up capital of ₹9.01 Cr. It was formerly known as Associated Stone Industries (Kotah) Limited. It is led by directors including Deepak Nemnath Jatia (Managing Director) and Tushya Jatia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Marathon Innova A Wing 7th Floor Off: Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹174.1 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹25.45 Cr (net margin 14.6%) and EBITDA of ₹43.68 Cr (EBITDA margin 25.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company has about 1,507 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Associated Stone Industries and Asigroup. As per MCA filings, the company has open charges of ₹40.67 Cr and satisfied charges of ₹670.17 Cr on record. Court records list 65 cases involving the company, including 31 filed by the company and 17 filed against it; 20 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asigroup.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressMarathon Innova A Wing 7th Floor Off: Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryEnvironment, Wind Energy Solutions
- 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
CIN History of Asi Industries Limited
Asi Industries has one previous CIN (Corporate Identification Number): L14101RJ1945PLC000283. The current CIN is L14101MH1945PLC256122, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L14101MH1945PLC256122 | Current |
| L14101RJ1945PLC000283 | Previous |
Associated Brands with Asi Industries Limited
Asi Industries operates two associated brands: Associated Stone Industries and Asigroup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stone mining services are provided by Asigroup in India. | asigroup.co.in | |
| Limited information available | asistone.com |
Business Activity of Asi Industries Limited
The main business activity of Asi Industries is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying 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.
Auditor Details of Asi Industries Limited
Asi Industries Limited is audited by B.L. Ajmera & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.L. Ajmera & Co. | 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 Asi Industries Limited
Asi Industries has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushya Jatia Also directs: Luminous Infraprojects LLP, Manorama Advisors LLP, Asi Steel and Energy Limited and 5 more | Whole-Time Director | 25 Jul 2011 | 15 Years 2 Months | Current |
| Deepak Nemnath Jatia Also directs: Luminous Infraprojects LLP, Manorama Advisors LLP, Asi Steel and Energy Limited and 1 more | Managing Director | 31 Dec 1987 | 38 Years 9 Months | Current |
| Anita Deepak Jatia Also directs: Asi Steel and Energy Limited | Whole-Time Director | 05 Aug 2014 | 12 Years 2 Months | Current |
| Arunanshu Vijay Kumar Agarwal | Director | 10 Feb 2024 | 2 Years 7 Months | Current |
| Padamkumar Radheshyam Poddar Also directs: Green Field International Private Limited | Director | 26 Aug 2023 | 3 Years 1 Months | Current |
| Rajaram Gordhanlal Agarwal Also directs: Indian Emulsifiers Limited | Director | 07 Jan 2026 | 0 Years 9 Months | Current |
Financials of Asi Industries Limited FY 2025 filings available
Asi Industries Limited reported revenue of ₹174.1 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Asi Industries Limited
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 4% 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 Asi Industries 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹43.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹25.45 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Asi Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.6% | •••• | •••• | •••• | •••• |
| 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 Asi Industries 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.
Ownership and Shareholding of Asi Industries 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 Asi Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2025 | Hdfc Bank Limited | ₹44.25 Lakh | Open |
| 19 Apr 2025 | Others | ₹1 Cr | Open |
| 01 Aug 2024 | Indian Bank | ₹1.7 Cr | Open |
| 12 Apr 2024 | Hdfc Bank Limited | ₹43 Lakh | Open |
| 16 Feb 2024 | Others | ₹50 Lakh | Open |
Total charge records: 70 View all charges
Employees and EPFO Compliance at Asi Industries Limited
Asi Industries Limited has a workforce of 1,507 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.
GST Compliance of Asi Industries Limited
Asi Industries has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA3549F1ZU | Maharashtra | Active | 01 Jul 2017 |
| 08AACCA3549F1ZU | Rajasthan | 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.
Legal Cases of Asi Industries Limited
Asi Industries Limited has 65 court cases on record: 31 filed by Asi Industries, 17 filed against it, 17 where it is another party. 20 cases are pending and 45 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 49 | 8 | 16 |
| District courts | 14 | 8 | 3 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Stmicroelectronics Private Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Offbeat Developers Private Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against Hindustan Organic Chemicals Limited | Disposed |
| District court, Kota, Rajasthan | Civil miscellaneous application | Filed against the company by an individual | Pending |
| District court, Kota, Rajasthan | Civil suit | Company is another party | Pending |
Full case history
All 65 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.
Credit Ratings, Litigation & Regulatory Alerts for Asi Industries 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 Asi Industries 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 Asi Industries 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.
MCA Filings & Documents of Asi Industries 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.
Recent Activity on Asi Industries Limited
Frequently Asked Questions about Asi Industries Limited
Asi Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 17 January 1945 (81+ years old) and is registered under CIN L14101MH1945PLC256122. Listed on BSE: 502015.
Asi Industries reported revenue of ₹174.1 Cr for FY 2025 (up 4% YoY).
Asi Industries has 6 current directors:
- Deepak Nemnath Jatia - Managing Director
- Tushya Jatia - Whole-Time Director
- Anita Deepak Jatia - Whole-Time Director
- Arunanshu Vijay Kumar Agarwal - Director
- Padamkumar Radheshyam Poddar - Director
- Rajaram Gordhanlal Agarwal - Director
Asi Industries reported a net profit of ₹25.45 Cr (net margin 14.6%) and EBITDA of ₹43.68 Cr (EBITDA margin 25.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asi Industries is -11% over three years and -7% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asi Industries is 27AACCA3549F1ZU, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 08AACCA3549F1ZU (Rajasthan).
The CIN (Corporate Identification Number) of Asi Industries is L14101MH1945PLC256122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Asi Industries is listed on BSE with code 502015.
Asi Industries has 65 court cases on record: 31 filed by the company and 17 filed against it. 20 are pending. Most are in the high courts.