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Athlex Beverages Limited - food and beverages in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.36 Cr
▲ 164% YoY
Net profit · FY 2024
₹18.01 Lakh
Net margin 2.4%
EBITDA · FY 2024
₹58.29 Lakh
EBITDA margin 7.9%
Authorised capital
₹10.04 Cr
Registered with MCA
Paid-up capital
₹7.71 Cr
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
5
As per MCA filings
About Athlex Beverages Limited
Data last updated:
Athlex Beverages Limited is a public limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the non-alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 09 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15549MH2019PLC331427. Its GSTIN is 27AASCA8070B1ZK (Maharashtra).
The company has an authorised share capital of ₹10.04 Cr and a paid-up capital of ₹7.71 Cr. It is led by directors including Jehan Atul Mehta and Sohil Rajendra Kanakia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.36 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹18.01 Lakh (net margin 2.4%) and EBITDA of ₹58.29 Lakh (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 246% over three years.
The company is associated with 2 brands: Athlexbeverages and Aquatein. As per MCA filings, the company has open charges of ₹2 Cr on record. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.63 Cr; the latest was in December 2022. Its 6 peer companies in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 3 smaller; the largest is Dwarkadhish Beverages Private Limited with revenue of ₹7.68 Cr.
Athlex Beverages Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0119086). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aquatein.com.
Company details
CIN U15549MH2019PLC331427
Registration Number 331427
Incorporation Date 09 October 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0119086
CIN history
Athlex Beverages has one previous CIN (Corporate Identification Number): U15549MH2019PTC331427. The current CIN is U15549MH2019PLC331427, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15549MH2019PLC331427 | Current |
| U15549MH2019PTC331427 | Previous |
Key People
Jehan Atul Mehta Director Sohil Rajendra Kanakia Director Nelakanti Satya Jagannadharao Director Recognitions & Rankings of Athlex Beverages
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0119086
Contact details
Athlex Beverages Limited's registered office is in Thane, Maharashtra. Its website is aquatein.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 656 Ttc Industrial Area, Khairane MIDC Navi Mumbai, Thane, Maharashtra, India – 400710
- IndustryFood and Beverages, Non-Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of Athlex Beverages Limited, buy the company report.
Comprehensive company report
Athlex Beverages 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
Athlex Beverages operates two associated brands: Athlexbeverages and Aquatein. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Protein-infused water is offered by Aquatein as an internet-first brand. | aquatein.com | |
| Manufactures enhanced water beverages with nutrition for retail and sports partnerships. | athlexbeverages.com |
Business activity
The main business activity of Athlex Beverages is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Athlex Beverages Limited, buy the company report.
Financials of Athlex Beverages Limited
FY 2024 filings availableAthlex Beverages Limited reported revenue of ₹7.36 Cr (up 164% YoY) for FY 2024.
Revenue · FY 2024
₹7.36 Cr ▲ 164%
Net profit · FY 2024
₹18.01 Lakh margin 2.4%
EBITDA · FY 2024
₹58.29 Lakh margin 7.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 164%
3 years · compounded
▲ 246%
EBITDA CAGR growth
1 year
▲ 118%
3 years · compounded
▲ 47%
Revenue has grown at a compounded annual rate (CAGR) of 246% over three years, including 164% growth in the latest year. EBITDA rose 118% 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 | ₹58.29 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.01 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| Net Profit Margin | 2.4% | ||||
| 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 Athlex Beverages Limited, buy the company report.
Board of directors of Athlex Beverages Limited
Athlex Beverages has 5 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 |
|---|---|---|---|---|
| Jehan Atul Mehta Also directs: Flockmaster LLP | Director | 07 Sep 2023 | 3 Years 2 Months | Current |
| Sohil Rajendra Kanakia | Director | 01 Mar 2024 | 2 Years 8 Months | Current |
| Nelakanti Satya Jagannadharao | Director | 01 Mar 2024 | 2 Years 8 Months | Current |
| Mitisha Atul Mehta | Director | 09 Oct 2019 | 7 Years 1 Months | Current |
| Ananth Bhaskar Prabhala Also directs: Bullhead Nutrition LLP, Athlex Industries Private Limited | Director | 09 Oct 2019 | 7 Years 1 Months | Current |
Peer comparison
Athlex Beverages Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dwarkadhish Beverages Private Limited | ₹7.68 Cr (FY 2025) | 72.0% | Dhule, Maharashtra, India | |||
| SGS Khanna Food and Beverages Private Limited | ₹7.37 Cr (FY 2024) | 8672.0% | Kolkata, West Bengal, India | |||
| H.I. Dairy & Agro Products Limited | ₹7.36 Cr (FY 2025) | 28.0% | Vaishali, Bihar, India | |||
| Athlex Beverages Limitedthis company | ₹7.36 Cr (FY 2024) | ₹18.01 Lakh | 2.4% | 164.0% | Thane, Maharashtra, India | |
| Amit Aqua Private Limited | ₹7.3 Cr (FY 2024) | 10.0% | Goalpara, Assam, India | |||
| Sippybeverages Private Limited | ₹7.23 Cr (FY 2024) | 181.0% | Hyderabad, Telangana, India | |||
| Pams Beverages Private Limited | ₹7.07 Cr (FY 2025) | 14.0% | Alipurduar, West Bengal, India |
To see the full peer comparison of Athlex Beverages Limited, buy the company report.
Auditor
Athlex Beverages Limited is audited by M/s. Khushbu Parekh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Khushbu Parekh & Co. | FY 2023 | 179045 |
Shareholding
The shareholding of Athlex Beverages Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Athlex Beverages Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2025 | 101131528 | Yes Bank Limited | ₹2 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Athlex Beverages Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.63 Cr; the latest was in December 2022.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹9.63 Cr
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2021 | Funding round · Seed | ₹2.46 Cr | Investors: Hara Estates and Capital LLP , 3 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Eaglewings Ventures, Hara Estates and Capital LLP Seller: 2 individuals |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
To see the full deal history of Athlex Beverages Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Athlex Beverages 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 Athlex Beverages Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Athlex Beverages has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCA8070B1ZK | Maharashtra | Active | 26 Dec 2019 |
To see the full GST registrations and return filing status of Athlex Beverages Limited, buy the company report.
Recent activity
Athlex Beverages Limited has 6 board changes on record since 2019: 5 appointments and 1 cessation. The latest: Nelakanti Satya Jagannadharao was appointed as Director on 01 Mar 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 2.00 Cr with Charge ID 101131528 was registered on 27 May 2025.
AGM
Athlex Beverages Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Athlex Beverages Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Nelakanti Satya Jagannadharao was appointed as Director.
Appointed
Sohil Rajendra Kanakia was appointed as Director.
Appointed
Jehan Atul Mehta was appointed as Director.
Ceased
Prasad Hiraman Kamble ceased to be Director.
Appointed
Ananth Bhaskar Prabhala was appointed as Director.
Appointed
Mitisha Atul Mehta was appointed as Director.
Incorporation
09 Oct 2019
Athlex Beverages Limited was registered on 09 Oct 2019 with Roc Mumbai & aged 7 years 1 month as per MCA records.
Frequently asked questions
Athlex Beverages is an active public limited company based in Thane, Maharashtra, India. The company works in non-alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 09 October 2019 (7+ years old) and is registered under CIN U15549MH2019PLC331427.
Athlex Beverages has 5 current directors:
- Jehan Atul Mehta - Director
- Sohil Rajendra Kanakia - Director
- Nelakanti Satya Jagannadharao - Director
- Mitisha Atul Mehta - Director
- Ananth Bhaskar Prabhala - Director
The latest financial statements of Athlex Beverages on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Athlex Beverages is 27AASCA8070B1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Athlex Beverages is U15549MH2019PLC331427. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Athlex Beverages was incorporated on 09 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Athlex Beverages has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.63 Cr; the latest was in December 2022.
The peers of Athlex Beverages by revenue are Dwarkadhish Beverages Private Limited, SGS Khanna Food and Beverages Private Limited, H.I. Dairy & Agro Products Limited, Amit Aqua Private Limited, Sippybeverages Private Limited and 1 more, all in the Food and Beverages industry (Non Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
Nelakanti Satya Jagannadharao was appointed as Director on 01 Mar 2024. Sohil Rajendra Kanakia was appointed as Director on 01 Mar 2024. Jehan Atul Mehta was appointed as Director on 07 Sep 2023. Athlex Beverages has 6 board changes on record in total.
Yes, Athlex Beverages is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Athlex Beverages is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0119086).
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