Axel Connections Private Limited
About Axel Connections Private Limited
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Axel Connections Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 15 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2010PTC211020. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Shivam Medical Devices Traders Private Limited. It is led by directors Ravi Laxman Batra and Yogi Ashok Trivedi.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 502 / Ashishwang 72 Pochkhanwala Road Worli Seaface, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2018, the company reported a revenue of ₹28.34 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹57.71 Lakh (net margin 2%) and EBITDA of ₹1.13 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years.
As per MCA filings, the company has open charges of ₹13.5 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Axel Connections Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address502 / Ashishwang 72 Pochkhanwala Road Worli Seaface, Mumbai, Maharashtra, India – 400025
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Axel Connections 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
Business activity
The main business activity of Axel Connections is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Axel Connections Private Limited, buy the company report.
Financials of Axel Connections Private Limited
FY 2018 filings availableAxel Connections Private Limited reported revenue of ₹28.34 Cr (down 22% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 69%. EBITDA fell 7% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹28.34 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.13 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹57.71 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4% | |||
| Net Profit Margin | 2% | |||
| 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 Axel Connections Private Limited, buy the company report.
Board of directors of Axel Connections Private Limited
Axel Connections has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Laxman Batra | Director | 15 Dec 2010 | 15 Years 10 Months | Current |
| Yogi Ashok Trivedi | Director | 15 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Axel Connections Private Limited is compared with the 5 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leading Health Technologies Private Limited | ₹28.84 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Kaaizeen Meditech Private Limited | ₹28.69 Cr (FY 2025) | 2.0% | Kochi, Kerala, India | |||
| Axel Connections Private Limitedthis company | ₹28.34 Cr (FY 2018) | ₹57.71 Lakh | 2% | -22.0% | Mumbai, Maharashtra, India | |
| N S N Biotech Private Limited | ₹28.27 Cr (FY 2020) | 45.0% | New Delhi, Delhi, India | |||
| Kaveri Meditrade Private Limited | ₹28.16 Cr (FY 2025) | 3.0% | Davanagere, Karnataka, India | |||
| Guru Nanak Medicos Private Limited | ₹28.08 Cr (FY 2025) | 11.0% | Chandigarh, India |
To see the full peer comparison of Axel Connections Private Limited, buy the company report.
Auditor
Axel Connections Private Limited is audited by KOTHARI & MEHTA for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOTHARI & MEHTA | FY 2018 | 124881W |
Shareholding
The shareholding of Axel Connections Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Axel Connections Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2018 | 100223669 | Others | ₹7.5 Cr | Open | |
| 14 Jan 2015 | 10568364 | Axis Bank Limited | ₹6 Cr | Open |
To see the full charge records of Axel Connections Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Axel Connections Private Limited has 4 court cases on record: 1 filed by Axel Connections, 3 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Bajaj Finance Ltd. Acumen Lawyers Firm | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases w) | Filed by the company against an individual | Pending |
To see the full case history of Axel Connections 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 Axel Connections Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Axel Connections has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Axel Connections Private Limited, buy the company report.
Recent activity
Axel Connections Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Peena Yogi Trivedi ceased to be Director on 29 Mar 2019.
Frequently asked questions
Axel Connections is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 15 December 2010 (16+ years old) and is registered under CIN U51909MH2010PTC211020.
Axel Connections has 2 current directors:
- Ravi Laxman Batra - Director
- Yogi Ashok Trivedi - Director
The latest financial statements of Axel Connections on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Axel Connections has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Axel Connections is U51909MH2010PTC211020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axel Connections has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Axel Connections was incorporated on 15 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Axel Connections by revenue are Leading Health Technologies Private Limited, Kaaizeen Meditech Private Limited, N S N Biotech Private Limited, Kaveri Meditrade Private Limited, Guru Nanak Medicos Private Limited, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Peena Yogi Trivedi ceased to be Director on 29 Mar 2019. Deepti Ravi Batra ceased to be Director on 03 Oct 2017. Deepti Ravi Batra was appointed as Director on 05 Jan 2016. Axel Connections has 6 board changes on record in total.
The registered office of Axel Connections is at 502 Ashishwang 72 Pochkhanwala Road Worli Seaface, Mumbai, Maharashtra, India – 400025.
Axel Connections operates in the healthcare industry, in the medical equipment retail and distribution segment.
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