About Asics India Private Limited
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Asics India Private Limited is a foreign private limited company based in Gurugram, Haryana, India, a subsidiary of Asics Asia Pte. Ltd. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 03 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140HR2012FTC056335. Its GSTIN is 06AAKCA6445Q1Z2 (Haryana). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹92.48 Cr. It is led by directors including Rajat Khurana (Managing Director) and Eriko Kigaki.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor Unit 401 Worldmark – 1 Sector – 65 Golf Course Extension Road, Gurugram, Haryana, India – 122011.
As per the financials filed for FY 2025, the company reported a revenue of ₹556.53 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹76.2 Cr (net margin 13.7%) and EBITDA of ₹116.52 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 28% over five years.
The company has about 80 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ASICS and ASICS India. Court records list 17 cases involving the company, including 12 filed by the company and 5 filed against it; 5 cases are pending. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹15 Cr; the latest was in May 2020. Its 3 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is JSK Marketing Limited with revenue of ₹867.74 Cr. The company has 9 MSME Form 1 returns on record between 2018 and 2023, listing 103 overdue payments to 17 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asicsindia.in.
Company details
CIN history
Asics India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74140HR2012FTC056335, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140HR2012FTC056335 | Current |
| U74140DL2012FTC235273 | Previous |
| U20239HR2012FTC056335 | Previous |
Contact details
Asics India Private Limited's registered office is in Gurugram, Haryana. Its website is asicsindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Unit 401 Worldmark – 1 Sector – 65 Golf Course Extension Road, Gurugram, Haryana, India – 122011
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Asics India 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
Asics India operates two associated brands: ASICS and ASICS India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a direct-to-consumer brand of apparel and footwear for women, men, kids, and accessories. | asics.co.in | |
| Internet first brand of men, women, and kids footwear | asicsindia.in |
Business activity
The main business activity of Asics India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Asics India Private Limited, buy the company report.
Financials of Asics India Private Limited
FY 2025 filings availableAsics India Private Limited reported revenue of ₹556.53 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 29% growth in the latest year. EBITDA rose 51% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹556.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹116.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹76.2 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | ||||
| Net Profit Margin | 13.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Asics India Private Limited, buy the company report.
Board of directors of Asics India Private Limited
Asics India has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eriko Kigaki | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
| Kazuya Tsujiue | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
| Rajat Khurana Also directs: Asics Bharat Centre Private Limited | Managing Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Toru Makino | Director | 30 Dec 2022 | 3 Years 9 Months | Current |
Peer comparison
Asics India Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSK Marketing Limited | ₹867.74 Cr (FY 2018) | 42.0% | Mumbai, Maharashtra, India | |||
| Westbury Holdings Private Limited | ₹635.55 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India | |||
| Asics India Private Limitedthis company | ₹556.53 Cr (FY 2025) | ₹76.2 Cr | 13.7% | 29.0% | 80 | Gurugram, Haryana, India |
| Lifelong Online Retail Private Limited | ₹540.48 Cr (FY 2025) | 41.0% | New Delhi, Delhi, India |
To see the full peer comparison of Asics India Private Limited, buy the company report.
Auditor
Asics India Private Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Asics India 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asics India Private Limited, buy the company report.
Deals & funding
Asics India Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹15 Cr; the latest was in May 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2020 | Rights issue | ₹99.5 Cr | Investors: ASICS Asia Pte.Ltd |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: ASICS Corporation Seller: Marubeni Corporation International Inc. |
| Mar 2015 | Rights issue | ₹26.88 Cr | Investors: ASICS Asia Pte.Ltd |
| Sep 2014 | Funding round | ₹15 Cr | Investors: ASICS Asia Pte.Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asics India Private Limited has 17 court cases on record: 12 filed by Asics India, 5 filed against it. 5 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 3 |
| District courts | 7 | 3 | 1 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Eshopbox E-Commerce Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Eshopbox E-Commerce Private Limited | Disposed |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed against the company by M and W Fashion Pvt. Ltd. | Disposed |
| High Court, West Bengal | Court case (EC) | Filed by the company against M/S M and W Fashion Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Eshopbox E-Commerce Private Limited | Disposed |
To see the full case history of Asics India Private Limited, buy the company report.
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.
MSME payment delays
Asics India Private Limited has 9 MSME Form 1 returns on record between 2018 and 2023, listing 103 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Podhigai Media Group Private Limited | |||
| an individual supplier | |||
| Yuva Trip Private Limited | |||
| Brand Hai | |||
| an individual supplier |
To see the full MSME payment records of Asics India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asics India Private Limited has a workforce of 80 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Asics India has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAKCA6445Q1Z2 | Haryana | Active | 01 Jul 2017 |
| 27AAKCA6445Q1ZY | Maharashtra | Active | 01 Jul 2017 |
| 19AAKCA6445Q1ZV | West Bengal | Active | 02 Apr 2018 |
To see the full GST registrations and return filing status of Asics India Private Limited, buy the company report.
Recent activity
Asics India Private Limited has 17 board changes on record since 2013: 4 appointments and 13 cessations. The latest: Eriko Kigaki ceased to be Additional Director on 25 Sep 2024.
8 earlier events are in the company report.
News
Frequently asked questions
Asics India is an active foreign private limited company based in Gurugram, Haryana, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 03 May 2012 (14+ years old) and is registered under CIN U74140HR2012FTC056335.
Asics India has 4 current directors:
- Rajat Khurana - Managing Director
- Eriko Kigaki - Director
- Kazuya Tsujiue - Director
- Toru Makino - Director
The latest financial statements of Asics India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Asics India is 06AAKCA6445Q1Z2, registered in Haryana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAKCA6445Q1ZY (Maharashtra), 19AAKCA6445Q1ZV (West Bengal).
The CIN (Corporate Identification Number) of Asics India is U74140HR2012FTC056335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asics India has 17 court cases on record: 12 filed by the company and 5 filed against it. 5 are pending. Most are in the high courts.
Asics India was incorporated on 03 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Asics India has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹15 Cr; the latest was in May 2020.
The peers of Asics India by revenue are JSK Marketing Limited, Westbury Holdings Private Limited, Lifelong Online Retail Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading).
Eriko Kigaki ceased to be Additional Director on 25 Sep 2024. Kazuya Tsujiue ceased to be Additional Director on 25 Sep 2024. Eriko Kigaki was appointed as Director on 18 Mar 2024. Asics India has 17 board changes on record in total.
Asics India has 9 MSME Form 1 returns on record between 2018 and 2023, listing 103 overdue payments to 17 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Asics India can be reached through the website asicsindia.in. Its registered office is in Gurugram, Haryana, India.