MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0074578
Asona India Private Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.92 Cr
▼ 9% YoY
Net profit · FY 2024
₹48.39 Lakh
Net margin 4.9%
EBITDA · FY 2024
₹1.09 Cr
EBITDA margin 11%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.26 Cr
Issued & subscribed
Open charges
₹1.9 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Directors on board
4
As per MCA filings
About Asona India Private Limited
Data last updated:
Asona India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Qualnex-G Venture Private Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 13 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74130MH2005PTC158519. Its GSTIN is 27AAFCA5167J1ZG (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.26 Cr. It is led by directors including Jyoti Nemish Sheth and Mahek Nemish Sheth.
Its last annual general meeting (AGM) was held on 15 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 804 Rashmi Sadhna Dahanukar Wadi Mahavir Nagar Kandivali (West), Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.92 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹48.39 Lakh (net margin 4.9%) and EBITDA of ₹1.09 Cr (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹1.9 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 3 cases are pending.
Asona India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0074578). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asonaindia.com.
Company details
CIN U74130MH2005PTC158519
Registration Number 158519
Incorporation Date 13 December 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 November 2025
Date of Balance Sheet 31 March 2025
Parent Company Qualnex-G Venture Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0074578
Key People
Jyoti Nemish Sheth Director Mahek Nemish Sheth Director Nemish Dhanvantrai Sheth Director Recognitions & Rankings of Asona India
Contact details
Asona India Private Limited's registered office is in Mumbai, Maharashtra. Its website is asonaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address804 Rashmi Sadhna Dahanukar Wadi Mahavir Nagar Kandivali (West), Mumbai, Maharashtra, India – 400067
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Asona India Private Limited, buy the company report.
Comprehensive company report
Asona India Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Asona India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Asona India Private Limited, buy the company report.
Financials of Asona India Private Limited
FY 2025 filings availableAsona India Private Limited reported revenue of ₹9.92 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹9.92 Cr ▼ 9%
Net profit · FY 2024
₹48.39 Lakh margin 4.9%
EBITDA · FY 2024
₹1.09 Cr margin 11%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 3%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 11%
5 years · compounded
▲ 27%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 31% 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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| Total Expenses | |||||
| EBITDA | ₹1.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48.39 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 4.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Asona India Private Limited, buy the company report.
Board of directors of Asona India Private Limited
Asona India has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Nemish Sheth Also directs: Qualnex-G Venture Private Limited | Director | 30 Dec 2005 | 20 Years 9 Months | Current |
| Mahek Nemish Sheth Also directs: Qualnex-G Venture Private Limited | Director | 20 Nov 2018 | 7 Years 11 Months | Current |
| Nemish Dhanvantrai Sheth | Director | 30 Dec 2005 | 20 Years 9 Months | Current |
| Harshil Sheth Nemish Also directs: Qualnex-G Venture Private Limited | Director | 01 Jan 2009 | 17 Years 9 Months | Current |
Auditor
Asona India Private Limited is audited by K M SHAH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M SHAH & ASSOCIATES | FY 2019 | 109636W |
Shareholding
The shareholding of Asona India Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Asona India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2019 | 100306700 | Hdfc Bank Limited | ₹1.4 Cr | Open | |
| 06 Feb 2010 | 10203516 | Hdfc Bank Limited | ₹50 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Asona India Private Limited has 3 court cases on record: 2 filed by Asona India, 1 filed against it. All cases are pending.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| NCLAT | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against M/S. Pratik Art Interiors Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Pratik Art Interiors Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Asona 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
No delayed payments to MSME suppliers are on our record for Asona India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asona India Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Asona India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA5167J1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asona India Private Limited, buy the company report.
Recent activity
Asona India Private Limited has 5 board changes on record since 2005: 4 appointments and 1 cessation. The latest: Mahek Nemish Sheth was appointed as Director on 20 Nov 2018.
AGM
Asona India Private Limited last Annual general meeting of members was held on 15 Nov 2025 as per latest MCA records.
Filing
Asona India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.40 Cr with Charge ID 100306700 was registered on 13 Nov 2019.
Appointed
Mahek Nemish Sheth was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 10203516 was registered on 06 Feb 2010.
Ceased
Harshil Sheth Nemish ceased to be Additional Director.
Appointed
Harshil Sheth Nemish was appointed as Director.
Appointed
Jyoti Nemish Sheth was appointed as Director.
Appointed
Nemish Dhanvantrai Sheth was appointed as Director.
Incorporation
13 Dec 2005
Asona India Private Limited was registered on 13 Dec 2005 with Roc Mumbai & aged 20 years 10 months as per MCA records.
Frequently asked questions
Asona India is an active private limited company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 13 December 2005 (21+ years old) and is registered under CIN U74130MH2005PTC158519.
Asona India has 4 current directors:
- Jyoti Nemish Sheth - Director
- Mahek Nemish Sheth - Director
- Nemish Dhanvantrai Sheth - Director
- Harshil Sheth Nemish - Director
The latest financial statements of Asona India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Asona India is 27AAFCA5167J1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Asona India is U74130MH2005PTC158519. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asona India has 3 court cases on record: 2 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.
Asona India was incorporated on 13 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahek Nemish Sheth was appointed as Director on 20 Nov 2018. Harshil Sheth Nemish ceased to be Additional Director on 30 Sep 2009. Harshil Sheth Nemish was appointed as Director on 01 Jan 2009. Asona India has 5 board changes on record in total.
Yes, Asona India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0074578).
Asona India can be reached through the website asonaindia.com. Its registered office is in Mumbai, Maharashtra, India.