About Asian Contec Limited
Data last updated:
Asian Contec Limited is a public limited company based in New Delhi, Delhi, India. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 27 October 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1983PLC016847. Its GSTIN is 07AAACA0859J1ZQ (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.77 Cr. It was formerly known as Asian Contec Private Limited. It is led by directors including Rajat Nagrath (Whole-Time Director) and Harvinder Singh (Whole-Time Director).
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 B – 28 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2024, the company reported a revenue of ₹60.02 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹8.37 Cr (net margin 13.9%) and EBITDA of ₹11.98 Cr (EBITDA margin 20%). Revenue has grown at a compounded annual rate (CAGR) of 16% over five years.
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Stanlay. As per MCA filings, the company has open charges of ₹54.9 Cr and satisfied charges of ₹16.2 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stanlay.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 28 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
- 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 Asian Contec Limited
The main business activity of Asian Contec is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| 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
Verified entity values are shown only after access is granted.
Financials of Asian Contec Limited FY 2024 filings available
Asian Contec Limited reported revenue of ₹60.02 Cr (up 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Asian Contec Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 39% growth in the latest year. EBITDA rose 44% 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 Asian Contec 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 | ₹11.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.37 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 of Asian Contec Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.9% | •••• | •••• | •••• | •••• |
| 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 Asian Contec 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 Asian Contec Limited
Asian Contec Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Engineering Design, Telecom Equipment and Technology, Testing Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rle India Private Limited | ₹60.81 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Conceptia Software Technologies Private Limited | ₹60.68 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Bangalore, Karnataka, India |
| Jfe Engineering India Private Limited | ₹60.66 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Pune, Maharashtra, India |
| Ideas Design Solutions Private Limited | ₹60.59 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Chandigarh, India |
| Ashok Leyland Technologies Limited | ₹60.1 Cr (FY 2018) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Asian Contec Limited this company | ₹60.02 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | New Delhi, Delhi, India |
| Arise Iip India Private Limited | ₹59.98 Cr (FY 2024) | •••• | •••• | 67.0% | •••• | Delhi, India |
| Greenwave Engineering Private Limited | ₹59.88 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Gurgaon, Haryana, India |
| Egain Communications Private Limited | ₹59.83 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Pune, Maharashtra, India |
| Logicon Technosolutions Private Limited | ₹59.65 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Pune, Maharashtra, India |
| Tirumala Seven Hills Pvt Ltd | ₹58.99 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Asian Contec by revenue in the Machinery and Equipment industry (Engineering Design, Telecom Equipment and Technology, Testing Equipment), 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 Asian Contec Limited
Asian Contec Limited is audited by WADHWASUSHIL for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| WADHWASUSHIL | 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 Asian Contec Limited
Asian Contec has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajat Nagrath | Whole-Time Director | 15 Apr 1995 | 31 Years 5 Months | Current |
| Vinay Nagrath | Director | 30 Mar 2001 | 25 Years 6 Months | Current |
| Harvinder Singh Also directs: Netware Fibretech Private Limited | Whole-Time Director | 15 Apr 1995 | 31 Years 5 Months | Current |
| Neera Vinay Nagrath | Director | 29 Sep 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of Asian Contec 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 Asian Contec Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2025 | Hdfc Bank Limited | ₹25 Cr | Open |
| 24 Jan 2024 | Hdfc Bank Limited | ₹25 Cr | Open |
| 29 Jun 2011 | The Jammu and Kashmir Bank Limited | ₹4.9 Cr | Open |
| 27 Feb 2018 | Hdfc Bank Limited | ₹10 Cr | Satisfied |
| 31 May 2003 | Punjab National Bank | ₹6.2 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Asian Contec Limited
Asian Contec Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
Full case history
All 1 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.
Associated Brands with Asian Contec Limited
Asian Contec operates one associated brand: Stanlay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provision of engineering equipment for infrastructure, utilities, and telecom sectors. | stanlay.in |
Employees and EPFO Compliance at Asian Contec Limited
Asian Contec Limited has a workforce of 26 employees as of Mar 28, 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.
Group Structure of Asian Contec Limited
Asian Contec has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Netware Fibretech Private Limited | U74999DL2001PTC111362 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Asian Contec Limited
Asian Contec Limited has 4 board changes on record since 1995: 4 appointments. The latest: Neera Vinay Nagrath was appointed as Director on 29 Sep 2006.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Asian Contec 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 Asian Contec 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 Asian Contec 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 Asian Contec Limited
Asian Contec has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA0859J1ZQ | Delhi | Active | 01 Jul 2017 |
| 06AAACA0859J1ZS | Haryana | Active | 29 Jun 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.
MCA Filings & Documents of Asian Contec 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 Asian Contec Limited
Asian Contec is an active public limited company based in New Delhi, Delhi, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 27 October 1983 (43+ years old) and is registered under CIN U74899DL1983PLC016847.
Asian Contec reported revenue of ₹60.02 Cr for FY 2024 (up 39% YoY).
Asian Contec has 4 current directors:
- Rajat Nagrath - Whole-Time Director
- Harvinder Singh - Whole-Time Director
- Vinay Nagrath - Director
- Neera Vinay Nagrath - Director
Asian Contec reported a net profit of ₹8.37 Cr (net margin 13.9%) and EBITDA of ₹11.98 Cr (EBITDA margin 20%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asian Contec is 16% over five years. In the latest year (FY 2024) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asian Contec is 07AAACA0859J1ZQ, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACA0859J1ZS (Haryana).
The CIN (Corporate Identification Number) of Asian Contec is U74899DL1983PLC016847. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asian Contec has 1 court case on record: 1 filed against it.
Asian Contec was incorporated on 27 October 1983, making it 43+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Asian Contec by revenue are Rle India Private Limited, Conceptia Software Technologies Private Limited, Jfe Engineering India Private Limited, Ideas Design Solutions Private Limited, Ashok Leyland Technologies Limited and 5 more, all in the Machinery and Equipment industry (Engineering Design, Telecom Equipment and Technology, Testing Equipment).
Neera Vinay Nagrath was appointed as Director on 29 Sep 2006. Vinay Nagrath was appointed as Director on 30 Mar 2001. Harvinder Singh was appointed as Whole-Time Director on 15 Apr 1995. Asian Contec has 4 board changes on record in total.