About Axis Solutions Private Limited
Data last updated:
Axis Solutions Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 06 May 2005.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2005PTC046004. Its GSTIN is 24AAFCA2088J1ZO (Gujarat).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.96 Cr. It was led by directors Purvi Sanghvi and Bijal Dineshchandra Sanghvi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹67.95 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹5.32 Cr (net margin 7.8%) and EBITDA of ₹11.5 Cr (EBITDA margin 16.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 40% over five years.
The company had about 119 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹12.6 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 2 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹99.2 Lakh; the latest was in February 2022. Its 10 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Haosen Automation India Private Limited with revenue of ₹68.3 Cr.
The last known website on record is axisindia.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. 324 Road 5 GIDC Kathwada, India, Ahmedabad, Gujarat, India – 382430
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Axis Solutions Private Limited
The main business activity of Axis Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Axis Solutions Private Limited FY 2023 filings available
Axis Solutions Private Limited reported revenue of ₹67.95 Cr (up 34% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Axis Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 34% growth in the latest year. EBITDA rose 78% 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 of Axis Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹11.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.32 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 of Axis Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Axis Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Axis Solutions Private Limited
Axis Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purvi Sanghvi | Director | 06 May 2005 | 21 Years 5 Months | As last reported |
| Bijal Dineshchandra Sanghvi Also directs: Axis Solutions Limited, Axtevate Go Private Limited, Axis Analytics India Private Limited and 1 more | Director | 06 May 2005 | 21 Years 5 Months | As last reported |
Peer Comparison of Axis Solutions Private Limited
Axis Solutions Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Haosen Automation India Private Limited | ₹68.3 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Mulshi, Maharashtra, India |
| Micronics India Private Limited | ₹68.3 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Chengalpattu, Tamil Nadu, India |
| Coster India Packaging Private Limited | ₹68.18 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Gurgaon, Haryana, India |
| Cruze Water Tech Private Limited | ₹68.02 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Ahmedabad, Gujarat, India |
| Franklin Fueling Systems India Private Limited | ₹68 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Navi Mumbai, Maharashtra, India |
| Axis Solutions Private Limited this company | ₹67.95 Cr (FY 2023) | •••• | •••• | 34.0% | •••• | Ahmedabad, Gujarat, India |
| Gleason Works (India) Private Limited | ₹67.9 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Bangalore, Karnataka, India |
| National Infraindustries Limited | ₹67.89 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Qua Water Technologies Private Limited | ₹67.86 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Pune, Maharashtra, India |
| Hardware Tools and Machinery Projects Private Limited | ₹67.77 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Highway, Ahmedabad 380 015, Gujarat, India |
| Rohan BRC Gas Equipment Private Limited | ₹67.66 Cr (FY 2025) | •••• | •••• | 91.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Axis Solutions by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Axis Solutions Private Limited
Axis Solutions Private Limited is audited by VIPUL KOTHARI AND CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIPUL KOTHARI AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Axis Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Axis Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2023 | Others | ₹9.9 Cr | Satisfied |
| 22 May 2023 | Others | ₹2.5 Cr | Satisfied |
| 17 Dec 2007 | Bank of Baroda | ₹20 Lakh | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Axis Solutions Private Limited
Axis Solutions Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹99.2 Lakh; the latest was in February 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹63 Lakh | Investors: an individual |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Rachana Global Excavation Limited |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Rachana Global Excavation Limited |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Rachana Global Excavation Limited Seller: Duke Business Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Duke Business Private Limited Seller: Gujarat Telelink Private Limited |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Axis Solutions Private Limited
Axis Solutions Private Limited has 7 court cases on record: 5 filed by Axis Solutions, 2 filed against it. 2 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 1 | 1 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Akul Securities Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Universe Mines Private Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Sumit Rajnikant Mehta RP of Asya Infosoft Limited | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed by the company against Sumit Rajnikant Mehta RP of Asya Infosoft Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CBI CRMA) | Filed by the company against an individual | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Axis Solutions Private Limited
Axis Solutions Private Limited has a workforce of 119 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Axis Solutions Private Limited
Axis Solutions Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Bijal Dineshchandra Sanghvi was appointed as Director on 06 May 2005.
Credit Ratings, Litigation & Regulatory Alerts for Axis Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Axis Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Axis Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Axis Solutions Private Limited
Axis Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA2088J1ZO | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Axis Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Axis Solutions Private Limited
Axis Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Axis Solutions was a private limited company based in Ahmedabad, Gujarat, India. The company worked in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 06 May 2005 and is registered under CIN U31909GJ2005PTC046004. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Axis Solutions was incorporated on 06 May 2005. It is registered with the Registrar of Companies, Ahmedabad.
Axis Solutions had 2 directors:
- Purvi Sanghvi - Director
- Bijal Dineshchandra Sanghvi - Director
The CIN (Corporate Identification Number) of Axis Solutions is U31909GJ2005PTC046004. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Axis Solutions is at Plot No. 324 Road 5 GIDC Kathwada, India, Ahmedabad, Gujarat, India – 382430.
Axis Solutions can be reached through the website axisindia.in. Its registered office is in Ahmedabad, Gujarat, India.
Axis Solutions reported revenue of ₹67.95 Cr for FY 2023 (up 34% YoY).
Axis Solutions has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.96 Cr.
Axis Solutions reported a net profit of ₹5.32 Cr (net margin 7.8%) and EBITDA of ₹11.5 Cr (EBITDA margin 16.9%) for FY 2023, as per its filed financial statements.
The GSTIN of Axis Solutions is 24AAFCA2088J1ZO, registered in Gujarat.