Asmita Cultural Foundation
About Asmita Cultural Foundation
Data last updated:
Asmita Cultural Foundation is a public not for profit company based in Mumbai, Maharashtra, India. It operates in the arts and entertainment activities segment of the art and creative services sector. It was incorporated on 20 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U92490MH1991NPL063347.
The company has a paid-up capital of ₹15.44 Lakh. It is led by directors including Sandeep Ratanchand Jhaveri and Suril Sundip Jhaveri.
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 1401 Rajul Apts. 9 Harknes Rd., Mumbai, Maharashtra, India – 400006.
As per the financials filed for FY 2024, the company reported a revenue of ₹81,424, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹58,502 (net margin -71.8%) and EBITDA of -₹58,497 (EBITDA margin -71.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Asmita Cultural Foundation has one previous CIN (Corporate Identification Number): U92490MH1991GAP063347. The current CIN is U92490MH1991NPL063347, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U92490MH1991NPL063347 | Current |
| U92490MH1991GAP063347 | Previous |
Contact details
Asmita Cultural Foundation's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1401 Rajul Apts. 9 Harknes Rd., Mumbai, Maharashtra, India – 400006
- IndustryArt, Arts And Entertainment Activities, Creative
To see the full contact details of Asmita Cultural Foundation, 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
Business activity
The main business activity of Asmita Cultural Foundation is arts, entertainment and recreation. In detail, this covers creative, arts and entertainment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | 90 | Creative, arts and entertainment activities |
Financials of Asmita Cultural Foundation
FY 2025 filings availableAsmita Cultural Foundation reported revenue of ₹81,424 (up 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 28% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹58,497 | ||||
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| Net Profit (PAT) | -₹58,502 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -71.8% | ||||
| Net Profit Margin | -71.8% | ||||
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To see the full financial statements and ratios of Asmita Cultural Foundation, buy the company report.
Board of directors of Asmita Cultural Foundation
Asmita Cultural Foundation has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Ratanchand Jhaveri Also directs: Palm Spring Resorts Limited | Director | 20 Sep 1991 | 35 Years 1 Months | Current |
| Suril Sundip Jhaveri Also directs: Palm Spring Resorts Limited | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Priyaj Sandeep Jhaveri Also directs: Palm Spring Resorts Limited | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
Auditor
Asmita Cultural Foundation is audited by KETANSHAH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KETANSHAH | FY 2017 | 033501 |
Shareholding
The shareholding of Asmita Cultural Foundation is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public |
To see the full shareholding pattern of Asmita Cultural Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Asmita Cultural Foundation 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 Asmita Cultural Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Asmita Cultural Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Asmita Cultural Foundation has 7 board changes on record since 1991: 3 appointments and 4 cessations. The latest: Paresh Ratanchand Jhaveri ceased to be Director on 01 Jan 2021.
Frequently asked questions
Asmita Cultural Foundation is an active public not for profit company based in Mumbai, Maharashtra, India. The company works in arts and entertainment activities, within the art industry. It was incorporated on 20 September 1991 (35+ years old) and is registered under CIN U92490MH1991NPL063347.
Asmita Cultural Foundation has 3 current directors:
- Sandeep Ratanchand Jhaveri - Director
- Suril Sundip Jhaveri - Director
- Priyaj Sandeep Jhaveri - Director
The latest financial statements of Asmita Cultural Foundation 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Asmita Cultural Foundation is U92490MH1991NPL063347. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asmita Cultural Foundation was incorporated on 20 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Paresh Ratanchand Jhaveri ceased to be Director on 01 Jan 2021. Navin Jamnadas Khokhani ceased to be Director on 01 Apr 2017. Priyaj Sandeep Jhaveri was appointed as Director on 01 Apr 2017. Asmita Cultural Foundation has 7 board changes on record in total.
The registered office of Asmita Cultural Foundation is at 1401 Rajul Apts. 9 Harknes Rd., Mumbai, Maharashtra, India – 400006.
Asmita Cultural Foundation operates in the art industry, in the arts and entertainment activities segment.
The compliance status of Asmita Cultural Foundation is compliant as of 15 September 2026. The company is actively filing with the Registrar of Companies.
Asmita Cultural Foundation can be reached at its registered office: 1401 Rajul Apts. 9 Harknes Rd, Mumbai, Maharashtra, India – 400006.