Aswani Industries Private Limited

Aswani Industries Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U45201GJ1996PTC030462 Incorporated 12 August 1996 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Revenue · FY 2025
₹206.75 Cr
▼ 9% YoY
Net profit · FY 2025
₹14.68 Cr
Net margin 7.1%
EBITDA · FY 2025
₹26.59 Cr
EBITDA margin 12.9%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹5.05 Cr
Issued & subscribed
Open charges
₹72.77 Cr
Satisfied ₹23.81 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
177
Provident fund records

About Aswani Industries Private Limited

Data last updated:

Aswani Industries Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 12 August 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1996PTC030462. Its GSTIN is 24AABCA9586B1ZS (Gujarat). The company holds 4 GST registrations, all of them active.

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.05 Cr. It was formerly known as Ashwani Organisers Private Limited and Aswani Construction Private Limited. It is led by directors including Kamlesh Pahilajbhai Sewani and Jaiprakash Khanchand Ashwani.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Office – 25 Tps – 4 Fp – 172 Ascon City Light Road, Surat, Gujarat, India – 395007.

As per the financials filed for FY 2025, the company reported a revenue of ₹206.75 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹14.68 Cr (net margin 7.1%) and EBITDA of ₹26.59 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 15% over five years.

The company has about 177 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Ascolite. As per MCA filings, the company has open charges of ₹72.77 Cr and satisfied charges of ₹23.81 Cr on record. Court records list 85 cases involving the company, including 79 filed by the company and 6 filed against it; 34 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.49 Cr; the latest was in December 2023. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 490 overdue payments to 34 micro and small suppliers.

Aswani Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0004089). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascolite.in.

Company details

CIN U45201GJ1996PTC030462
Registration Number 030462
Incorporation Date 12 August 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0004089

Name history

Aswani Industries has undergone 2 name changes throughout its history. The company was previously known as Ashwani Organisers Private Limited, and Aswani Construction Private Limited. The current legal name is Aswani Industries Private Limited.

Company NameStatus
Aswani Industries Private LimitedCurrent
Ashwani Organisers Private LimitedPrevious
Aswani Construction Private LimitedPrevious
Key People
Kamlesh Pahilajbhai Sewani Director Jaiprakash Khanchand Ashwani Director Navin Ashok Aswani Director

Recognitions & Rankings of Aswani Industries

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-22-0004089

Contact details

Aswani Industries Private Limited's registered office is in Surat, Gujarat. Its website is ascolite.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ascolite.in
  • Social Media
  • Registered Address
    2nd Floor Office – 25 Tps – 4 Fp – 172 Ascon City Light Road, Surat, Gujarat, India – 395007
  • Industry
    Manufacturing, Construction Materials

To see the full contact details of Aswani Industries Private Limited, buy the company report.

Comprehensive company report
Aswani Industries 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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Brands

Aswani Industries operates one associated brand: Ascolite. Each brand links to its own profile.

BrandDescriptionWebsite
Ascolite
Provision of innovative building materials for construction projects in India.ascolite.in

Business activity

The main business activities of Aswani Industries are construction, manufacturing and financial and insurance service. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other financial activities. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF3Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Aswani Industries Private Limited, buy the company report.

Financials of Aswani Industries Private Limited

FY 2024 filings available

Aswani Industries Private Limited reported revenue of ₹206.75 Cr (down 9% YoY) for FY 2025.

Revenue · FY 2025
₹206.75 Cr ▼ 9%
Net profit · FY 2025
₹14.68 Cr margin 7.1%
EBITDA · FY 2025
₹26.59 Cr margin 12.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 10%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 2%
5 years · compounded
▲ 20%

Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 38% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹26.59 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹14.68 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin12.9%
Net Profit Margin7.1%
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 Aswani Industries Private Limited, buy the company report.

Board of directors of Aswani Industries Private Limited

Aswani Industries has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kamlesh Pahilajbhai SewaniDirector31 Mar 20188 Years 7 MonthsCurrent
Jaiprakash Khanchand Ashwani
Also directs: Aatithya Builders Limited, Arohi Builders Private Limited, Suryaprakash Developers Private Limited and 1 more
Director12 Aug 199630 Years 3 MonthsCurrent
Navin Ashok Aswani
Also directs: Aatithya Builders Limited, Arohi Builders Private Limited, Aswani Residency LLP
Director04 Apr 201313 Years 7 MonthsCurrent
View all directors

Auditor

Aswani Industries Private Limited is audited by R M R & CO. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
R M R & CO.FY 2022106467W

Shareholding

The shareholding of Aswani Industries 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Aswani Industries Private Limited, buy the company report.

Charges & borrowings

Open charges
₹72.77 Cr
Satisfied charges
₹23.81 Cr
Breakdown by lending institutions
State Bank of India₹46.00 Cr
Others₹22.00 Cr
Hdfc Bank Limited₹3.55 Cr
Indian Overseas Bank₹1.22 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Dec 2025101195494Indian Overseas Bank₹1.22 CrOpen
18 Aug 2025101149169Others₹3.75 CrOpen
18 Aug 2025101149646Others₹18.25 CrOpen
24 Feb 2023100683629Hdfc Bank Limited₹2.25 CrOpen
01 Aug 2022100604989Hdfc Bank Limited₹30 LakhOpen

To see the full charge records of Aswani Industries Private Limited, buy the company report.

Total charge records: 25 View all charges

Deals & funding

Aswani Industries Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.49 Cr; the latest was in December 2023.

Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹10.49 Cr

Deals on record (4 of 5)

WhenDealAmountParties
Dec 2023Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Rohit Textiles Private Limited, Sumangal Investment Consultants Private Limited , Flutron Marketing & Adversing Private Limited
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2012Funding round₹5 CrInvestors: RGF Textile and Infra Limited , Rohit Textiles Private Limited, Devasenapati Sales Agency Private Limited
Mar 2012Funding round₹4.99 CrInvestors: 4 individuals

To see the full deal history of Aswani Industries Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Aswani Industries Private Limited was last rated by Brickwork on 28 Dec 2020.

Rating agencyRated onRating
Brickwork28 Dec 2020

To see the full credit ratings and regulatory alerts of Aswani Industries Private Limited, buy the company report.

MSME payment delays

Aswani Industries Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 490 overdue payments to 34 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 34)

SupplierAmount dueDue sinceReported on
an individual supplier
KGM Lime Industries Private Limited
an individual supplier
Adarsh Minerals & Chemicals
an individual supplier

To see the full MSME payment records of Aswani Industries Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Aswani Industries Private Limited has a workforce of 177 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
177
Active EPFO establishments
2
Employee growth
14.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27177
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Aswani Industries Private Limited, buy the company report.

GST

Aswani Industries has 4 GST registrations: 4 active.

Total GSTINs
4
Active
4
GSTINStateStatusRegistered on
24AABCA9586B1ZSGujaratActive01 Jul 2017
27AABCA9586B1ZMMaharashtraActive01 Jul 2017
33AABCA9586B1ZTTamil NaduActive01 May 2021
29AABCA9586B1ZIKarnatakaActive03 Mar 2023

To see the full GST registrations and return filing status of Aswani Industries Private Limited, buy the company report.

Recent activity

Aswani Industries Private Limited has 7 board changes on record since 1996: 3 appointments and 4 cessations. The latest: Pawansut Swami ceased to be Company Secretary on 14 Mar 2020.

Charges
A charge with Indian Overseas Bank amounted to Rs. 1.22 Cr with Charge ID 101195494 was registered on 08 Dec 2025.
AGM
Aswani Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 3.75 Cr with Charge ID 101149169 was registered on 18 Aug 2025.
Charges
A charge with Others amounted to Rs. 18.25 Cr with Charge ID 101149646 was registered on 18 Aug 2025.
Charges
A charge registered on 14 Oct 2021 via Charge ID 100497010 with Axis Bank Limited was fully satisfied on 19 Nov 2024.
Charges
A charge registered on 13 Jul 2021 via Charge ID 100460271 with Axis Bank Limited was fully satisfied on 17 Jul 2024.
Filing
Aswani Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 13 Feb 2020 via Charge ID 100335295 with Hdfc Bank Limited was fully satisfied on 22 Mar 2024.
Charges
A charge registered on 25 Mar 2021 via Charge ID 100434402 with Axis Bank Limited was fully satisfied on 18 Mar 2024.
Charges
A charge with State Bank Of India of Rs. 23.00 Cr registered on 17 May 2012 with Charge ID 10358629 was modified on 04 Mar 2024.
Charges
A charge registered on 28 Dec 2016 via Charge ID 100079350 with Others was fully satisfied on 21 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.25 Cr with Charge ID 100683629 was registered on 24 Feb 2023.

42 earlier events are in the company report.

Frequently asked questions

Aswani Industries is an active private limited company based in Surat, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 12 August 1996 (30+ years old) and is registered under CIN U45201GJ1996PTC030462.

Aswani Industries has 3 current directors:

The latest financial statements of Aswani Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Aswani Industries is 24AABCA9586B1ZS, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AABCA9586B1ZM (Maharashtra), 33AABCA9586B1ZT (Tamil Nadu), 29AABCA9586B1ZI (Karnataka).

The CIN (Corporate Identification Number) of Aswani Industries is U45201GJ1996PTC030462. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Aswani Industries has 85 court cases on record: 79 filed by the company and 6 filed against it. 34 are pending.

Aswani Industries was incorporated on 12 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Aswani Industries has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.49 Cr; the latest was in December 2023.

Pawansut Swami ceased to be Company Secretary on 14 Mar 2020. Kamlesh Pahilajbhai Sewani ceased to be Additional Director on 29 Sep 2018. Kamlesh Pahilajbhai Sewani was appointed as Director on 31 Mar 2018. Aswani Industries has 7 board changes on record in total.

Yes, Aswani Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0004089).

Aswani Industries has 6 MSME Form 1 returns on record between 2019 and 2022, listing 490 overdue payments to 34 micro and small suppliers. The latest return was filed on 25 Jun 2022.