About A.T.E. Private Limited
Data last updated:
A.T.E. Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 08 April 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1971PTC015101. Its GSTIN is 27AAACA4481G1ZT (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.93 Cr and a paid-up capital of ₹66.1 Lakh. It was formerly known as A. T. E. Enterprises Private Limited and Ferrits Manufacturing Company Private Limited. It is led by directors including Vivek Krishna Soni and Nikesh Jain Kundanmal (Person Incharge).
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 43 Dr V B Marg Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹237.28 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹2.26 Cr (net margin -1%) and EBITDA of ₹9.79 Cr (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 232% over three years and 5% over five years.
Its group structure includes 4 subsidiaries and 2 joint ventures.
The company is associated with 2 brands: EcoAxis and A.T.E. Group. As per MCA filings, the company has satisfied charges of ₹59.2 Cr on record. Court records list 15 cases involving the company, including 11 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ategroup.com.
Company details
Name history
A.T.E has undergone 3 name changes throughout its history. The company was previously known as A. T. E. Enterprises Private Limited, Ferrits Manufacturing Company Private Limited, and Ferrite Manufacturing Co. Pvt Ltd. The current legal name is A.T.E. Private Limited.
| Company Name | Status |
|---|---|
| A.T.E. Private Limited | Current |
| A. T. E. Enterprises Private Limited | Previous |
| Ferrits Manufacturing Company Private Limited | Previous |
| Ferrite Manufacturing Co. Pvt Ltd | Previous |
Contact details
A.T.E. Private Limited's registered office is in Mumbai, Maharashtra. Its website is ategroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address43 Dr V B Marg Fort, Mumbai, Maharashtra, India – 400023
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of A.T.E. Private Limited, buy the company report.
- 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
Brands
A.T.E operates two associated brands: EcoAxis and A.T.E. Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering solutions for textiles, cooling systems, wastewater, and industrial IoT services. | ecoaxisindia.com | |
| Custom textile and cooling machinery is manufactured by A.T.E. Group. | ategroup.com |
Business activity
The main business activity of A.T.E is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of A.T.E. Private Limited, buy the company report.
Financials of A.T.E. Private Limited
FY 2025 filings availableA.T.E. Private Limited reported revenue of ₹237.28 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 79% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹9.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.26 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.1% | ||||
| Net Profit Margin | -1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of A.T.E. Private Limited, buy the company report.
Board of directors of A.T.E. Private Limited
A.T.E has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Krishna Soni | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Nikesh Jain Kundanmal Also directs: A.T.E. Enterprises Private Limited., Matcon Export Enterprises Private Limited, A.T.E. Huber Envirotech Private Limited and 2 more | Person Incharge | 25 Mar 2010 | 16 Years 7 Months | Current |
| Anuj Atul Bhagwati Also directs: Truetzschler India Private Limited, A.T.E. Enterprises Private Limited., Matcon Export Enterprises Private Limited and 2 more | Director | 01 Oct 2006 | 20 Years 1 Months | Current |
| Aanal Pravin Bhagwati Also directs: A.T.E. Enterprises Private Limited., Neogen Labs Private Limited, Sportswin Software Private Limited and 2 more | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
| Dhruv Sriratan Moondhra Also directs: A.T.E. Enterprises Private Limited., TTK Prestige Limited, Ice Steel 1 Enterprises Private Limited and 3 more | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
A.T.E. Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CNH Industrial Capital (India) Private Limited | ₹242.93 Cr (FY 2024) | 3.0% | New Delhi, Delhi, India | |||
| DSP HMK Holdings Private Limited | ₹240.74 Cr (FY 2024) | 489.0% | Mumbai, Maharashtra, India | |||
| Infinity Fincorp Solutions Private Limited | ₹240.72 Cr (FY 2025) | 68.0% | Mumbai, Maharashtra, India | |||
| Svamaan Financial Services Private Limited | ₹240.2 Cr (FY 2025) | 41.0% | Mumbai, Maharashtra, India | |||
| A.T.E. Private Limitedthis company | ₹237.28 Cr (FY 2025) | -₹2.26 Cr | -1% | -11.0% | Mumbai, Maharashtra, India | |
| Tourism Finance Corporation of India Limited | ₹236.3 Cr (FY 2019) | 6.0% | New Delhi, Delhi, India | |||
| Elcid Investments Limited | ₹235.77 Cr (FY 2024) | 117.0% | Mumbai, Maharashtra, India | |||
| Arihant Enterprises Ltd | ₹235.61 Cr (FY 2024) | 71.0% | Kolkata, West Bengal, India | |||
| Akasa Finance Limited | ₹235.01 Cr (FY 2025) | 149.0% | New Delhi, Delhi, India |
To see the full peer comparison of A.T.E. Private Limited, buy the company report.
Auditor
A.T.E. Private Limited is audited by N. A. Shah Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2024 | 116560W/W100149 |
Shareholding
The shareholding of A.T.E. Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of A.T.E. Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2010 | 10267102 | Kotak Mahindra Bank Limited | ₹46.5 Cr | Satisfied | |
| 08 Feb 1999 | 90226229 | The Karur Vysya Bank Ltd. | ₹2.75 Lakh | Satisfied | |
| 10 Aug 1998 | 90224934 | The Karur Vysya Bank | ₹2.67 Lakh | Satisfied | |
| 15 Jun 1998 | 90222907 | Icici Ltd. | ₹6.25 Cr | Satisfied | |
| 06 Apr 1998 | 90224912 | The Karur Vysya Bank Ltd. | ₹35,550 | Satisfied |
To see the full charge records of A.T.E. Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
A.T.E. Private Limited has 15 court cases on record: 11 filed by A.T.E, 4 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 0 |
| District courts | 3 | 1 | 1 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Rma Architects Pvt.Ltd. and 3 others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Importers and Exporters Pvt. Ltd. and 3 others | Disposed |
| High Court of Karnataka | Court case (COMPA) | Filed against the company by M/S HMX Systems Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Dytron India Limited. | Disposed |
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed by the company against Union of India Through the Secretary Department of Revenue No. 137, North Block, New Delhi 110001 ,New Delhi , Delhi and 3 others | Pending |
To see the full case history of A.T.E. Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for A.T.E. Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
A.T.E has 4 subsidiary companies, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Valence Electrons Private Limited | U31909MH2003PTC224885 | |
| A.T.E. Enterprises Private Limited. | U51503MH2001PTC132921 | |
| Matcon Export Enterprises Private Limited | U51900MH1980PTC022289 | |
| A.T.E. Chandra Foundation | U74999MH2015NPL269584 |
To see the full group structure of A.T.E. Private Limited, buy the company report.
GST
A.T.E has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA4481G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 24AAACA4481G1ZZ | Gujarat | Active | 08 Nov 2017 |
To see the full GST registrations and return filing status of A.T.E. Private Limited, buy the company report.
Recent activity
A.T.E. Private Limited has 13 board changes on record since 2006: 5 appointments and 8 cessations. The latest: Shailesh Rajnikant Sheth ceased to be Director on 12 Sep 2024.
49 earlier events are in the company report.
News
Frequently asked questions
A.T.E is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 08 April 1971 (55+ years old) and is registered under CIN U74140MH1971PTC015101.
A.T.E has 5 current directors:
- Vivek Krishna Soni - Director
- Anuj Atul Bhagwati - Director
- Aanal Pravin Bhagwati - Director
- Dhruv Sriratan Moondhra - Director
- Nikesh Jain Kundanmal - Person Incharge
The latest financial statements of A.T.E 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 A.T.E is 27AAACA4481G1ZT, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACA4481G1ZZ (Gujarat).
The CIN (Corporate Identification Number) of A.T.E is U74140MH1971PTC015101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
A.T.E has 15 court cases on record: 11 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
A.T.E was incorporated on 08 April 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of A.T.E by revenue are CNH Industrial Capital (India) Private Limited, DSP HMK Holdings Private Limited, Infinity Fincorp Solutions Private Limited, Svamaan Financial Services Private Limited, Tourism Finance Corporation of India Limited and 3 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Shailesh Rajnikant Sheth ceased to be Director on 12 Sep 2024. Aanal Pravin Bhagwati ceased to be Additional Director on 20 Sep 2023. Dhruv Sriratan Moondhra ceased to be Additional Director on 20 Sep 2023. A.T.E has 13 board changes on record in total.
A.T.E can be reached through the website ategroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of A.T.E is at 43 Dr V B Marg Fort, Mumbai, Maharashtra, India – 400023.
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