Aswathi Industries Limited

Aswathi Industries Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U29200MH1997PLC108302 Incorporated 28 May 1997 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company engineering MSME · Small
Data last updated
Revenue · FY 2024
₹69.21 Cr
▲ 9% YoY
Net profit · FY 2024
₹1.59 Cr
Net margin 2.3%
EBITDA · FY 2024
₹5.6 Cr
EBITDA margin 8.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹19.19 Cr
Satisfied ₹27.07 Cr
Company age
29 yrs
Est. 1997
Directors on board
3
As per MCA filings

About Aswathi Industries Limited

Data last updated:

Aswathi Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the engineering sector. It was incorporated on 28 May 1997 and has been in existence for over 29 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29200MH1997PLC108302. Its GSTIN is 27AACCA0541R1ZJ (Maharashtra).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Sureshkumar Kuttikrishnan Nair (Managing Director) and Rita Sureshkumar Nair.

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 Apeksha Enclave Mahavir Nagar Kandivali (West), Mumbai, Maharashtra, India – 400067.

As per the financials filed for FY 2024, the company reported a revenue of ₹69.21 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 2.3%) and EBITDA of ₹5.6 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 20% over five years.

The company is associated with 1 brand: Aswathi Industries. As per MCA filings, the company has open charges of ₹19.19 Cr and satisfied charges of ₹27.07 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 3 cases are pending. The company has 15 deals on record (9 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹9.79 Cr; the latest was in January 2022. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 374 overdue payments to 41 micro and small suppliers.

Aswathi Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0004100). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aswathiindustries.com.

Company details

CIN U29200MH1997PLC108302
Registration Number 108302
Incorporation Date 28 May 1997
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 Small
Udyam Registration UDYAM-MH-17-0004100
Key People
Sureshkumar Kuttikrishnan Nair Managing Director Rita Sureshkumar Nair Director Rohit Nathuram Pandya Director

Recognitions & Rankings of Aswathi Industries

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-17-0004100

Contact details

Aswathi Industries Limited's registered office is in Mumbai, Maharashtra. Its website is aswathiindustries.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    aswathiindustries.com
  • Social Media
  • Registered Address
    Apeksha Enclave Mahavir Nagar Kandivali (West), Mumbai, Maharashtra, India – 400067
  • Industry
    Engineering, Engineering, Procurement & Construction (EPC)

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

Comprehensive company report
Aswathi Industries 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

Brands

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

BrandDescriptionWebsite
Aswathi Industries
Manufactures solutions for pollution control, waste recycling, and industrial heating equipment.aswathiindustries.com

Business activity

The main business activity of Aswathi Industries is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

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

Financials of Aswathi Industries Limited

FY 2025 filings available

Aswathi Industries Limited reported revenue of ₹69.21 Cr (up 9% YoY) for FY 2024.

Revenue · FY 2024
₹69.21 Cr ▲ 9%
Net profit · FY 2024
₹1.59 Cr margin 2.3%
EBITDA · FY 2024
₹5.6 Cr margin 8.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 49%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 31%
5 years · compounded
▲ 23%

Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 9% growth in the latest year. EBITDA fell 13% 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹5.6 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.59 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin8.1%
Net Profit Margin2.3%
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 Aswathi Industries Limited, buy the company report.

Board of directors of Aswathi Industries Limited

Aswathi Industries has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sureshkumar Kuttikrishnan Nair
Also directs: Niva Implements LLP, Hercules Plastic Private Limited
Managing Director28 May 199729 Years 5 MonthsCurrent
Rita Sureshkumar Nair
Also directs: Matru Shivani Charitable Foundation
Director03 Nov 199927 Years 0 MonthsCurrent
Rohit Nathuram Pandya
Also directs: Niva Implements LLP, Hercules Plastic Private Limited
Director28 Sep 20206 Years 1 MonthsCurrent
View all directors

Auditor

Aswathi Industries Limited is audited by PRAJAPATI & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PRAJAPATI & ASSOCIATESFY 2023118254W

Shareholding

The shareholding of Aswathi Industries 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 Aswathi Industries Limited, buy the company report.

Charges & borrowings

Open charges
₹19.19 Cr
Satisfied charges
₹27.07 Cr
Breakdown by lending institutions
State Bank of India₹19.19 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Mar 2025101080192State Bank of India₹1.01 CrOpen
19 May 2023100738408State Bank of India₹17.24 CrOpen
20 Jun 2022100592221State Bank of India₹70 LakhOpen
08 Aug 2018100207262State Bank of India₹24.4 LakhOpen
28 Aug 200810123578State Bank of Trvancore₹25 LakhSatisfied

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

Total charge records: 15 View all charges

Deals & funding

Aswathi Industries Limited has 15 deals on record (9 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹9.79 Cr; the latest was in January 2022.

Total deals
15
Secondary share transfers
9
Funding rounds
5
Rights issue
1
Disclosed funding
₹9.79 Cr

Deals on record (5 of 15)

WhenDealAmountParties
Dec 2020Secondary share transferUndisclosedBuyer: 2 individuals
Seller: PRS Enterprises Private Limited
Dec 2017Secondary share transferUndisclosedBuyer: 2 individuals
Seller: PRS Enterprises Private Limited
Mar 2012Secondary share transferUndisclosedBuyer: Aswathi Packaging Private Limited , 3 individuals
Seller: Vikrant Construction Private Limited, Fantastic Dealers Pvt Ltd , Shivganga Merchants Private Limited. , an individual
Jan 2010Funding round₹5.01 CrInvestors: Pushker Trading & Holding Private Limited, Gurukul Commercial Pvt Ltd , Everlike Distributors Pvt Ltd
May 2009Secondary share transferUndisclosedBuyer: an individual
Seller: Aswathi Packaging Private Limited

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

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

MSME payment delays

Aswathi Industries Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 374 overdue payments to 41 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 41)

SupplierAmount dueDue sinceReported on
an individual supplier
Sunrise Enterprise
an individual supplier
an individual supplier
an individual supplier

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

Individuals and sole proprietors among the suppliers are not named.

GST

Aswathi Industries has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AACCA0541R1ZJMaharashtraActive01 Jul 2017

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

Recent activity

Aswathi Industries Limited has 10 board changes on record since 1997: 3 appointments and 7 cessations. The latest: Rohit Nathuram Pandya ceased to be Additional Director on 30 Nov 2021.

AGM
Aswathi Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Aswathi Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with State Bank Of India amounted to Rs. 1.01 Cr with Charge ID 101080192 was registered on 24 Mar 2025.
Charges
A charge registered on 10 Nov 2006 via Charge ID 10026785 with State Bank Of Travancore was fully satisfied on 26 Jun 2024.
Charges
A charge registered on 10 Nov 2006 via Charge ID 10030793 with State Bank Of Travancore was fully satisfied on 26 Jun 2024.
Charges
A charge with State Bank Of India amounted to Rs. 17.24 Cr with Charge ID 100738408 was registered on 19 May 2023.
Charges
A charge with State Bank Of India amounted to Rs. 0.70 Cr with Charge ID 100592221 was registered on 20 Jun 2022.
Ceased
Rohit Nathuram Pandya ceased to be Additional Director.
Appointed
Rohit Nathuram Pandya was appointed as Director.
Ceased
Suraj Kumar Nair Kuttikrishnan ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 0.24 Cr with Charge ID 100207262 was registered on 08 Aug 2018.
Ceased
Amrutbhai Gopaldas Patel ceased to be Director.

30 earlier events are in the company report.

Frequently asked questions

Aswathi Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 28 May 1997 (29+ years old) and is registered under CIN U29200MH1997PLC108302.

Aswathi Industries has 3 current directors:

The latest financial statements of Aswathi Industries 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 Aswathi Industries is 27AACCA0541R1ZJ, registered in Maharashtra.

The CIN (Corporate Identification Number) of Aswathi Industries is U29200MH1997PLC108302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Aswathi Industries has 8 court cases on record: 7 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.

Aswathi Industries was incorporated on 28 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.

Aswathi Industries has 15 deals on record (9 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹9.79 Cr; the latest was in January 2022.

Rohit Nathuram Pandya ceased to be Additional Director on 30 Nov 2021. Rohit Nathuram Pandya was appointed as Director on 28 Sep 2020. Suraj Kumar Nair Kuttikrishnan ceased to be Director on 28 Sep 2020. Aswathi Industries has 10 board changes on record in total.

Yes, Aswathi Industries is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0004100).

Aswathi Industries has 9 MSME Form 1 returns on record between 2019 and 2024, listing 374 overdue payments to 41 micro and small suppliers. The latest return was filed on 30 Apr 2024.