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 of Asona India Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address804 Rashmi Sadhna Dahanukar Wadi Mahavir Nagar Kandivali (West), Mumbai, Maharashtra, India – 400067
- IndustryInfrastructure and Utilities, General Infrastructure Services
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Business Activity of Asona India Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Asona India Private Limited FY 2025 filings available
Asona 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) of Asona India Private Limited
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 of Asona India Private 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 | ₹1.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.39 Lakh | •••• | •••• | •••• | •••• |
| 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 Asona India Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Asona India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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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 |
Peer Comparison of Asona India Private Limited
Asona India Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Access Serviced Offices Private Limited | ₹10.12 Cr (FY 2020) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| Caspian India Engicon Private Limited | ₹10.05 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Ahmedabad, Gujarat, India |
| Osd-Beed-Latur Au-1 Stateways Private Limited | ₹10 Cr (FY 2025) | •••• | •••• | -92.0% | •••• | Nandurbar, Maharashtra, India |
| Zoapi Innovations Private Limited | ₹9.98 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Bangalore, Karnataka, India |
| Hcy Warehousing Private Limited | ₹9.94 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Asona India Private Limited this company | ₹9.92 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Ecoflash Initiative and Sustainable Solutions Private Limited | ₹9.92 Cr (FY 2025) | •••• | •••• | 134.0% | •••• | Kakkanad, Kerala, India |
| Imarea Exhibit India Private Limited | ₹9.83 Cr (FY 2025) | •••• | •••• | 134.0% | •••• | Gurgaon, Haryana, India |
| Ab Cold Chain & Agro Foods Private Limited | ₹9.83 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bhubaneswar, Odisha, India |
| Krisha Infrasol Private Limited | ₹9.83 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Hmda Truck Dock Logistics Private Limited | ₹9.8 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Asona India by revenue in the Infrastructure industry (Infrastructure Services), 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 Asona India Private Limited
Asona India Private Limited is audited by K M SHAH & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K M SHAH & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Asona India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Asona India Private Limited
Open charges
₹1.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Nov 2019 | Hdfc Bank Limited | ₹1.4 Cr | Open |
| 06 Feb 2010 | Hdfc Bank Limited | ₹50 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Asona India Private Limited
Asona India Private Limited has 3 court cases on record: 2 filed by Asona India, 1 filed against it. All cases are pending. Status as checked between 21 Sep 2026 and 28 Sep 2026.
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 | Interim or miscellaneous application | Filed by the company against Pratik Art Interiors Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against Pratik Art Interiors Private Limited | Pending |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Asona India Private Limited
Asona India Private Limited has a workforce of 0 employees as of Apr 07, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Asona India Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Asona India Private Limited
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MSME Payment Delays by Asona India Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Asona India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Asona India Private Limited
Asona India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA5167J1ZG | Maharashtra | Active | 01 Jul 2017 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Asona India Private Limited
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Frequently Asked Questions about Asona India Private Limited
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 reported revenue of ₹9.92 Cr for FY 2024 (down 9% YoY).
Asona India has 4 current directors:
- Jyoti Nemish Sheth - Director
- Mahek Nemish Sheth - Director
- Nemish Dhanvantrai Sheth - Director
- Harshil Sheth Nemish - Director
Asona India reported a net profit of ₹48.39 Lakh (net margin 4.9%) and EBITDA of ₹1.09 Cr (EBITDA margin 11%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asona India is 3% over three years and 19% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Asona India by revenue are Access Serviced Offices Private Limited, Caspian India Engicon Private Limited, Osd-Beed-Latur Au-1 Stateways Private Limited, Zoapi Innovations Private Limited, Hcy Warehousing Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
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.