MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0008868
Associated Smelters Private Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.39 Cr
▼ 4% YoY
Net profit · FY 2024
₹11.07 Lakh
Net margin 8%
EBITDA · FY 2024
₹17.97 Lakh
EBITDA margin 13%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹35.81 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Satisfied ₹38.35 Lakh
Company age
46 yrs
Est. 1980
Directors on board
3
As per MCA filings
About Associated Smelters Private Limited
Data last updated:
Associated Smelters Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 11 March 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1980PTC022322. Its GSTIN is 27AABCA0178P1ZF (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹35.81 Lakh. It is led by directors including Jayprakash Bhaskarrao Tipnis (Managing Director) and Rashmi Jayprakash Tipnis.
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 W – 60/N 7 Ttc – M I D C Areathane Belapur Road Rabale, Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.39 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹11.07 Lakh (net margin 8%) and EBITDA of ₹17.97 Lakh (EBITDA margin 13%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹38.35 Lakh on record.
Associated Smelters Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0008868). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asmelters.in.
Company details
CIN U27100MH1980PTC022322
Registration Number 022322
Incorporation Date 11 March 1980
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0008868
Key People
Jayprakash Bhaskarrao Tipnis Managing Director Rashmi Jayprakash Tipnis Director Sagar Jayprakash Tipnis Director Recognitions & Rankings of Associated Smelters
Contact details
Associated Smelters Private Limited's registered office is in Mumbai, Maharashtra. Its website is asmelters.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressW – 60/N 7 Ttc – M I D C Areathane Belapur Road Rabale, Mumbai, Maharashtra, India – 400701
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Associated Smelters Private Limited, buy the company report.
Comprehensive company report
Associated Smelters 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
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Business activity
The main business activity of Associated Smelters is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Associated Smelters Private Limited, buy the company report.
Financials of Associated Smelters Private Limited
FY 2025 filings availableAssociated Smelters Private Limited reported revenue of ₹1.39 Cr (down 4% YoY) for FY 2024.
Revenue · FY 2024
₹1.39 Cr ▼ 4%
Net profit · FY 2024
₹11.07 Lakh margin 8%
EBITDA · FY 2024
₹17.97 Lakh margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 14%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 37%
5 years · compounded
▲ 5%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 4% fall in the latest year. EBITDA rose 64% 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 |
|---|---|---|---|---|---|
| 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 | ₹17.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.07 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 | |||||
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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 | 13% | ||||
| Net Profit Margin | 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 | |||||
To see the full financial statements and ratios of Associated Smelters Private Limited, buy the company report.
Board of directors of Associated Smelters Private Limited
Associated Smelters has 3 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 |
|---|---|---|---|---|
| Jayprakash Bhaskarrao Tipnis | Managing Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Rashmi Jayprakash Tipnis | Director | 11 Mar 1980 | 46 Years 7 Months | Current |
| Sagar Jayprakash Tipnis | Director | 30 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Associated Smelters Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kalpasthana Life Care Products Private Limited | ₹1.4 Cr (FY 2024) | 692.0% | Humnabad, Karnataka, India | |||
| Salubrious Laboratories Private Limited | ₹1.39 Cr (FY 2024) | -1.0% | Telangana, India | |||
| Chetak Alums Private Limited | ₹1.39 Cr (FY 2023) | 43.0% | Chittorgarh, Rajasthan, India | |||
| Associated Smelters Private Limitedthis company | ₹1.39 Cr (FY 2024) | ₹11.07 Lakh | 8% | -4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Associated Smelters Private Limited, buy the company report.
Auditor
Associated Smelters Private Limited is audited by J R Davda & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J R Davda & Associates | FY 2023 | 117295W |
Shareholding
The shareholding of Associated Smelters 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 Associated Smelters Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
₹38.35 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2022 | 100559188 | Others | ₹25 Lakh | Open | |
| 07 Dec 2012 | 10390201 | Hdfc Bank Limited | ₹17 Lakh | Satisfied | |
| 04 Dec 2012 | 10391458 | Hdfc Bank Limited | ₹17 Lakh | Satisfied | |
| 27 Mar 1995 | 90222468 | The Saraswat Co-Op. Bank Ltd. | ₹3.85 Lakh | Satisfied | |
| 12 Dec 1980 | 90220871 | The Saraswat Co-Op. Bank Ltd. | ₹50,000 | Satisfied |
To see the full charge records of Associated Smelters Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Associated Smelters Private Limited 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 Associated Smelters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Associated Smelters has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA0178P1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Associated Smelters Private Limited, buy the company report.
Recent activity
Associated Smelters Private Limited has 4 board changes on record since 1980: 3 appointments and 1 cessation. The latest: Sagar Jayprakash Tipnis was appointed as Director on 30 Apr 2018.
AGM
Associated Smelters Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Associated Smelters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100559188 was registered on 25 Mar 2022.
Appointed
Sagar Jayprakash Tipnis was appointed as Director.
Ceased
Rashmi Jayprakash Tipnis ceased to be Managing Director.
Charges
A charge registered on 07 Dec 2012 via Charge ID 10390201 with Hdfc Bank Limited was fully satisfied on 22 May 2017.
Charges
A charge registered on 04 Dec 2012 via Charge ID 10391458 with Hdfc Bank Limited was fully satisfied on 22 May 2017.
Appointed
Jayprakash Bhaskarrao Tipnis was appointed as Managing Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Lakh with Charge ID 10390201 was registered on 07 Dec 2012.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Lakh with Charge ID 10391458 was registered on 04 Dec 2012.
Charges
A charge registered on 27 Mar 1995 via Charge ID 90222468 with The Saraswat Co-Op. Bank Ltd. was fully satisfied on 23 Oct 2012.
Charges
A charge registered on 12 Dec 1980 via Charge ID 90220871 with The Saraswat Co-Op. Bank Ltd. was fully satisfied on 12 Sep 2012.
5 earlier events are in the company report.
Frequently asked questions
Associated Smelters is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 11 March 1980 (46+ years old) and is registered under CIN U27100MH1980PTC022322.
Associated Smelters has 3 current directors:
- Jayprakash Bhaskarrao Tipnis - Managing Director
- Rashmi Jayprakash Tipnis - Director
- Sagar Jayprakash Tipnis - Director
The latest financial statements of Associated Smelters 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 GSTIN of Associated Smelters is 27AABCA0178P1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Associated Smelters is U27100MH1980PTC022322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associated Smelters was incorporated on 11 March 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Associated Smelters by revenue are Kalpasthana Life Care Products Private Limited, Salubrious Laboratories Private Limited, Chetak Alums Private Limited, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sagar Jayprakash Tipnis was appointed as Director on 30 Apr 2018. Rashmi Jayprakash Tipnis ceased to be Managing Director on 09 Sep 2017. Jayprakash Bhaskarrao Tipnis was appointed as Managing Director on 30 Sep 2015. Associated Smelters has 4 board changes on record in total.
Yes, Associated Smelters is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0008868).
Associated Smelters can be reached through the website asmelters.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Associated Smelters is at W – 60N 7 Ttc – M I D C Areathane Belapur Road Rabale, Mumbai, Maharashtra, India – 400701.
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