About Asote Solutions Private Limited
Data last updated:
Asote Solutions Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 26 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52609GJ2019PTC110084. Its GSTIN is 24AASCA7737R1ZP (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Kaushik Kumar Bharatbhai Chitaliya and Ravi Ravjibhai Makwana.
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 Gr Floor. Plot No – 29Sy No.190/1 Bhumi Pooja Soc. Nr Raj Hans Soc Amba Talavadi, Surat, Gujarat, India – 395004.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.23 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.33 Lakh (net margin 0.8%) and EBITDA of ₹2.46 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 66% over five years.
The company is associated with 1 brand: Ananya Solar. As per MCA filings, the company has open charges of ₹30.84 Cr on record.
For more details, the company can be reached via its website ananyasolar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGr Floor. Plot No – 29Sy No.190/1 Bhumi Pooja Soc. Nr Raj Hans Soc Amba Talavadi, Surat, Gujarat, India – 395004
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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 Asote Solutions Private Limited
The main business activity of Asote Solutions is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Asote Solutions Private Limited FY 2025 filings available
Asote Solutions Private Limited reported revenue of ₹15.23 Cr (up 541% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Asote Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 66% over five years, including 541% growth 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 Asote Solutions Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.46 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.33 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 Asote Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Asote Solutions are in the company report.
Financial statements from FY 2020
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 Asote Solutions Private Limited
Asote Solutions Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment 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 |
|---|---|---|---|---|---|---|
| Glual Hydraulics India Private Limited | ₹15.29 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Maraimalai Nagar, Tamil Nadu, India |
| Mamta Transformers Pvt Ltd | ₹15.29 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Indore, Madhya Pradesh, India |
| Sunwise Engineering Limited | ₹15.28 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Howrah, West Bengal, India |
| Mahendra Transformers Private Limited | ₹15.28 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Delhi, India |
| Agratas Energy Storage Solutions Private Limited | ₹15.25 Cr (FY 2025) | •••• | •••• | 90.0% | •••• | Mumbai, Maharashtra, India |
| Asote Solutions Private Limited this company | ₹15.23 Cr (FY 2025) | •••• | •••• | 541.0% | •••• | Surat, Gujarat, India |
| TLT Babcock India Private Limited | ₹15.22 Cr (FY 2019) | •••• | •••• | 81.0% | •••• | Sevaganapalli Post Hosur, Tamil Nadu, India |
| Bhasin Packard Electronics Pvt Ltd | ₹15.2 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Punjab, India |
| Upt Spares & Services Private Limited | ₹15.18 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Metalomed India Private Limited | ₹15.16 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| D'rona Rohitra Private Limited. | ₹15.15 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Asote Solutions by revenue in the Power industry (Power Equipment 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 Asote Solutions Private Limited
Asote Solutions Private Limited is audited by H R M G & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H R M G & ASSOCIATES | 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 Asote Solutions Private Limited
Asote Solutions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Kumar Bharatbhai Chitaliya Also directs: Ananya Renewable Energy LLP | Director | 26 Sep 2019 | 7 Years 0 Months | Current |
| Ravi Ravjibhai Makwana | Director | 15 Dec 2023 | 2 Years 9 Months | Current |
| Hardikkumar Bharatbhai Chitaliya | Director | 15 Dec 2023 | 2 Years 9 Months | Current |
| Bharatbhai Bhavanbhai Rathod | Director | 06 Jun 2025 | 1 Years 4 Months | Current |
Ownership and Shareholding of Asote Solutions Private 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 Asote Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jul 2024 | Others | ₹14.14 Cr | Open |
| 31 May 2024 | Others | ₹16.7 Cr | Open |
Total charge records: 2 View all charges
Associated Brands with Asote Solutions Private Limited
Asote Solutions operates one associated brand: Ananya Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides EPC services for solar installations and maintenance projects. | ananyasolar.com |
Employees and EPFO Compliance at Asote Solutions Private Limited
Employment history and EPFO contributions of people linked to Asote Solutions.
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 Asote Solutions Private Limited
Asote Solutions Private Limited has 7 board changes on record since 2019: 4 appointments and 3 cessations. The latest: Bharatbhai Bhavanbhai Rathod was appointed as Director on 06 Jun 2025.
Credit Ratings, Litigation & Regulatory Alerts for Asote Solutions Private 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 Asote Solutions Private 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 Asote Solutions Private 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 Asote Solutions Private Limited
Asote Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AASCA7737R1ZP | Gujarat | Active | 17 Oct 2019 |
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 Asote Solutions Private 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 Asote Solutions Private Limited
Asote Solutions is an active private limited company based in Surat, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 26 September 2019 (7+ years old) and is registered under CIN U52609GJ2019PTC110084.
Asote Solutions reported revenue of ₹15.23 Cr for FY 2025 (up 541% YoY).
Asote Solutions has 4 current directors:
- Kaushik Kumar Bharatbhai Chitaliya - Director
- Ravi Ravjibhai Makwana - Director
- Hardikkumar Bharatbhai Chitaliya - Director
- Bharatbhai Bhavanbhai Rathod - Director
Asote Solutions reported a net profit of ₹12.33 Lakh (net margin 0.8%) and EBITDA of ₹2.46 Cr (EBITDA margin 16.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asote Solutions is 23% over three years and 66% over five years. In the latest year (FY 2025) revenue rose 541%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asote Solutions is 24AASCA7737R1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Asote Solutions is U52609GJ2019PTC110084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asote Solutions was incorporated on 26 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Asote Solutions by revenue are Glual Hydraulics India Private Limited, Mamta Transformers Pvt Ltd, Sunwise Engineering Limited, Mahendra Transformers Private Limited, Agratas Energy Storage Solutions Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Bharatbhai Bhavanbhai Rathod was appointed as Director on 06 Jun 2025. Chitaliya Kinjal Kaushikkumar ceased to be Director on 16 Jan 2024. Nishchay Chandubhai Salodiya ceased to be Director on 16 Jan 2024. Asote Solutions has 7 board changes on record in total.
Yes, Asote Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).