About Asiatic Composite Limited
Data last updated:
Asiatic Composite Limited is a public limited company based in Sanand, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 09 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26900GJ2011PLC067758. Its GSTIN is 24AAJCA9853F1ZI (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹12.1 Lakh. It is led by directors including Sanchi Vibhor Agrawal and Mahesh Kashiram Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 1963/1/91A 1963/1/91B Village:Mankol Nr. Hathipura Patiya Sanand Nalsarovar, Road, Gujarat, India – 382110.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.07 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹3.37 Cr (net margin -41.8%) and EBITDA of -₹2.49 Cr (EBITDA margin -30.9%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 12% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Asiatic Composite. As per MCA filings, the company has open charges of ₹11.33 Cr and satisfied charges of ₹11.33 Cr on record. Court records list 3 cases involving the company, including 3 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 asiaticcomposite.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1963/1/91A 1963/1/91B Village:Mankol Nr. Hathipura Patiya Sanand Nalsarovar, Road, Gujarat, India – 382110
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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 Asiatic Composite Limited
The main business activity of Asiatic Composite is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. 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.
Financials of Asiatic Composite Limited FY 2022 filings available
Asiatic Composite Limited reported revenue of ₹8.07 Cr (down 2% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Asiatic Composite Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 2% fall in the latest year. EBITDA fell 455% 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 Asiatic Composite Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹8.07 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.49 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.37 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 Asiatic Composite Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -30.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -41.8% | •••• | •••• | •••• | •••• |
| 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 Asiatic Composite 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 Asiatic Composite Limited
Asiatic Composite Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hatim Dielectrics Pvt Ltd | ₹8.09 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Adg Filter Science Private Limited | ₹8.09 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Pune, Maharashtra, India |
| Splash Equipments and Services (India) Private Limited | ₹8.09 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Nerul, Maharashtra, India |
| Weld Alloy Products Limited | ₹8.08 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | New Delhi, Delhi, India |
| Techwin International Private Limited | ₹8.08 Cr (FY 2024) | •••• | •••• | 100.0% | •••• | Bhiwandi, Maharashtra, India |
| Asiatic Composite Limited this company | ₹8.07 Cr (FY 2022) | •••• | •••• | -2.0% | •••• | Sanand, Gujarat, India |
| Sai Roll Forms India Private Limited | ₹8.06 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Thane, Maharashtra, India |
| Ashwa Energy Private Limited | ₹8.06 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Dharwad, Karnataka, India |
| Tej Autosystem Private Limited | ₹8.06 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Ballabgarh, Haryana, India |
| Intech Overseas Projects (India) Private Limited | ₹8.05 Cr (FY 2017) | •••• | •••• | 78.0% | •••• | Pune, Maharashtra, India |
| Riser Import & Export Private Limited | ₹8.05 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Asiatic Composite by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 Asiatic Composite Limited
Asiatic Composite Limited is audited by NARESH J PATEL & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NARESH J PATEL & 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 Asiatic Composite Limited
Asiatic Composite has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanchi Vibhor Agrawal | Director | 15 Sep 2021 | 5 Years 0 Months | Current |
| Mahesh Kashiram Agrawal Also directs: Asiatic Colour-Chem Industries Private Limited | Director | 09 Nov 2011 | 14 Years 11 Months | Current |
| Vibhor Maheshkumar Agarwal Also directs: Asiatic Colour-Chem Industries Private Limited, Avyukta Infrabuild LLP, Adorn Speciality Polymers Private Limited and 1 more | Director | 09 Nov 2011 | 14 Years 11 Months | Current |
Ownership and Shareholding of Asiatic Composite 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 Asiatic Composite Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2020 | Bank of India | ₹59 Lakh | Satisfied |
| 08 Aug 2019 | Bank of India | ₹5.32 Cr | Satisfied |
| 01 Aug 2019 | Bank of India | ₹5.42 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Asiatic Composite Limited
Asiatic Composite Limited has 3 court cases on record: 3 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Anand, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Anand, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 3 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 Asiatic Composite Limited
Asiatic Composite operates one associated brand: Asiatic Composite. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of FRP composite systems is conducted by Asiatic Composite for transportation, chemical, railways, and infrastructure sectors. | asiaticcomposite.com |
Employees and EPFO Compliance at Asiatic Composite Limited
Asiatic Composite Limited has a workforce of 11 employees as of Apr 05, 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 Asiatic Composite Limited
Asiatic Composite Limited has 5 board changes on record since 2011: 4 appointments and 1 cessation. The latest: Vinay Prakash Chiripal was appointed as Director on 20 Nov 2023.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Asiatic Composite 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 Asiatic Composite 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 Asiatic Composite 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 Asiatic Composite Limited
Asiatic Composite has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA9853F1ZI | Gujarat | 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.
MCA Filings & Documents of Asiatic Composite 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 Asiatic Composite Limited
Asiatic Composite is an active public limited company based in Sanand, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 09 November 2011 (15+ years old) and is registered under CIN U26900GJ2011PLC067758.
Asiatic Composite reported revenue of ₹8.07 Cr for FY 2022 (down 2% YoY).
Asiatic Composite has 3 current directors:
- Sanchi Vibhor Agrawal - Director
- Mahesh Kashiram Agrawal - Director
- Vibhor Maheshkumar Agarwal - Director
Asiatic Composite reported a net loss of ₹3.37 Cr (net margin -41.8%) and EBITDA of -₹2.49 Cr (EBITDA margin -30.9%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asiatic Composite is -16% over three years and -12% over five years. In the latest year (FY 2022) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asiatic Composite is 24AAJCA9853F1ZI, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Asiatic Composite is U26900GJ2011PLC067758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asiatic Composite has 3 court cases on record: 3 filed against it.
Asiatic Composite was incorporated on 09 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Asiatic Composite by revenue are Hatim Dielectrics Pvt Ltd, Adg Filter Science Private Limited, Splash Equipments and Services (India) Private Limited, Weld Alloy Products Limited, Techwin International Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Vinay Prakash Chiripal was appointed as Director on 20 Nov 2023. Sanchi Vibhor Agrawal was appointed as Director on 15 Sep 2021. Tarulata Maheshkumar Agarwal ceased to be Director on 15 Sep 2021. Asiatic Composite has 5 board changes on record in total.