India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,009 Santhanam Ram ₹2,700 Cr
Revenue · FY 2026
₹887.85 Cr
▲ 5% YoY
Net profit · FY 2026
₹73.24 Cr
Net margin 8.2%
EBITDA · FY 2026
₹110.7 Cr
EBITDA margin 12.5%
Authorised capital
₹32 Cr
Registered with MCA
Paid-up capital
₹25.48 Cr
Issued & subscribed
Open charges
₹110 Cr
Satisfied ₹343.2 Cr
Company age
45 yrs
Est. 1981
Employees · EPFO
999
Provident fund records
About Axles India Limited
Data last updated:
Axles India Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 18 February 1981 and has been in existence for over 45 years.
Its director Santhanam Ram is #1,009 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27209TN1981PLC008630. Its GSTIN is 33AAACA3173D1ZB (Tamil Nadu). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹25.48 Cr. It is led by directors including Madhavan Varadarajan (Managing Director) and Niveditaram.
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 21 Patullos Road Madras, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2026, the company reported a revenue of ₹887.85 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹73.24 Cr (net margin 8.2%) and EBITDA of ₹110.7 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 23% over five years.
The company has about 999 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Axles India. As per MCA filings, the company has open charges of ₹110 Cr and satisfied charges of ₹343.2 Cr on record. Court records list 166 cases involving the company, including 43 filed by the company and 123 filed against it; 7 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in April 2011.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axlesindia.com.
Company details
CIN U27209TN1981PLC008630
Registration Number 008630
Incorporation Date 18 February 1981
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Axles India has one previous CIN (Corporate Identification Number): L27209TN1981PLC008630. The current CIN is U27209TN1981PLC008630, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27209TN1981PLC008630 | Current |
| L27209TN1981PLC008630 | Previous |
Key People
Madhavan Varadarajan Managing Director Niveditaram Director Rafael Ricardo Aquique Pinedo Director Recognitions & Rankings of Axles India
Contact details
Axles India Limited's registered office is in Chennai, Tamil Nadu. Its website is axlesindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address21 Patullos Road Madras, Chennai, Tamil Nadu, India – 600002
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Axles India Limited, buy the company report.
Comprehensive company report
Axles India 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
Axles India operates one associated brand: Axles India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Axles for medium and heavy-duty commercial vehicles are manufactured. | axlesindia.com |
Business activity
The main business activity of Axles India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Axles India Limited, buy the company report.
Financials of Axles India Limited
FY 2025 filings availableAxles India Limited reported revenue of ₹887.85 Cr (up 5% YoY) for FY 2026.
Revenue · FY 2026
₹887.85 Cr ▲ 5%
Net profit · FY 2026
₹73.24 Cr margin 8.2%
EBITDA · FY 2026
₹110.7 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 6%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 10%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 5% growth in the latest year. EBITDA rose 5% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹110.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹73.24 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | ||||
| Net Profit Margin | 8.2% | ||||
| 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 Axles India Limited, buy the company report.
Board of directors of Axles India Limited
Axles India has 7 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niveditaram | Director | 24 Jul 2024 | 2 Years 3 Months | Current |
| Rafael Ricardo Aquique Pinedo | Director | 21 Dec 2011 | 14 Years 10 Months | Current |
| Viji Sriram | Additional Director | 24 Oct 2025 | 1 Years 0 Months | Current |
| Madhavan Varadarajan | Managing Director | 06 Jul 2016 | 10 Years 3 Months | Current |
| Priyamvada Ramkumar Also directs: TSF Investments Limited, Veritas Finance Limited | Director | 25 Aug 2025 | 1 Years 2 Months | Current |
| Santhanam Ram Also directs: T.V. Sundram Iyengar & Sons Private Limited | Director | 18 Feb 1981 | 45 Years 8 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Axles India Limited is audited by Price Waterhouse & Co. Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co. Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Axles India 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Axles India Limited, buy the company report.
Charges & borrowings
Open charges
₹110 Cr
Satisfied charges
₹343.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2023 | 100681602 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 09 Apr 2019 | 100262481 | Hdfc Bank Limited | ₹90 Cr | Open | |
| 06 Nov 2014 | 10532014 | Ing Vysya Bank Limited | ₹10 Cr | Satisfied | |
| 27 Jan 2010 | 10205256 | Indian Overseas Bank | ₹10 Cr | Satisfied | |
| 27 Jan 2010 | 10205259 | Indian Overseas Bank | ₹74.5 Cr | Satisfied |
To see the full charge records of Axles India Limited, buy the company report.
Total charge records: 45 View all charges
Deals & funding
Axles India Limited has 1 deal on record (1 acquisition); the latest was in April 2011.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2011 | Acquisition | ₹57.79 Cr | Buyer: Dana Holding Corp. Seller: Axles India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Axles India Limited has 166 court cases on record: 43 filed by Axles India, 123 filed against it. 7 cases are pending and 159 are disposed.
Total cases
166
Filed by the company
43
Filed against the company
123
Pending
7
Disposed
159
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 103 | 65 | 3 |
| District courts | 61 | 57 | 4 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 166)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Civil miscellaneous application | Filed against the company by M/S Indo Farm Equipment Ltd. Through Company Secretary Navpreet Kaur | Pending |
| High Court of Punjab and Haryana | Appeal | Filed against the company by Indo Farm Equipment Ltd. | Pending |
| District court, Kancheepuram, Tamil Nadu | Petition | Filed by the company against an individual | Pending |
| District court, Vellore, Tamil Nadu | Petition | Filed against the company by an individual | Pending |
| District court, Vellore, Tamil Nadu | Petition | Filed against the company by an individual | Pending |
To see the full case history of Axles India 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.
Credit ratings & regulatory alerts
Axles India Limited was last rated by Indiarating on 23 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 23 Feb 2021 |
To see the full credit ratings and regulatory alerts of Axles India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Axles India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Axles India Limited has a workforce of 999 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
999
Active EPFO establishments
1
Employee growth
-8.26%
GST
Axles India has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACA3173D1ZB | Tamil Nadu | Active | 01 Jul 2017 |
| 23AAACA3173D1ZC | Madhya Pradesh | Active | 28 Mar 2019 |
| 20AAACA3173D1ZI | Jharkhand | Active | 27 Aug 2020 |
To see the full GST registrations and return filing status of Axles India Limited, buy the company report.
Recent activity
Axles India Limited has 34 board changes on record since 1981: 7 appointments and 27 cessations. The latest: Viji Sriram was appointed as Additional Director on 24 Oct 2025.
Appointed
Viji Sriram was appointed as Additional Director.
AGM
Axles India Limited last Annual general meeting of members was held on 25 Aug 2025 as per latest MCA records.
Appointed
Priyamvada Ramkumar was appointed as Director.
Ceased
Niveditaram ceased to be Additional Director.
Filing
Axles India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Appointed
Niveditaram was appointed as Director.
Ceased
Sandeep Bhim Khullar ceased to be Additional Director.
Charges
A charge registered on 01 Oct 1990 via Charge ID 90292047 with The Industrial Credit & Investment Co Of India Ltd was fully satisfied on 19 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100681602 was registered on 01 Mar 2023.
Ceased
Jason Michael Miller ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 90.00 Cr registered on 09 Apr 2019 with Charge ID 100262481 was modified on 12 Jan 2022.
Charges
A charge registered on 27 Jan 2010 via Charge ID 10205259 with Indian Overseas Bank was fully satisfied on 18 Feb 2021.
135 earlier events are in the company report.
Frequently asked questions
Axles India is an active public limited company based in Chennai, Tamil Nadu, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 18 February 1981 (45+ years old) and is registered under CIN U27209TN1981PLC008630.
Axles India has 7 current directors:
- Madhavan Varadarajan - Managing Director
- Niveditaram - Director
- Rafael Ricardo Aquique Pinedo - Director
- Viji Sriram - Additional Director
- Priyamvada Ramkumar - Director
- Santhanam Ram - Director
- Srivats Ram - Director
The latest financial statements of Axles India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Axles India is 33AAACA3173D1ZB, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 23AAACA3173D1ZC (Madhya Pradesh), 20AAACA3173D1ZI (Jharkhand).
The CIN (Corporate Identification Number) of Axles India is U27209TN1981PLC008630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axles India has 166 court cases on record: 43 filed by the company and 123 filed against it. 7 are pending. Most are in the high courts.
Axles India was incorporated on 18 February 1981, making it 45+ years old. It is registered with the Registrar of Companies, Chennai.
Axles India has 1 deal on record (1 acquisition); the latest was in April 2011.
Viji Sriram was appointed as Additional Director on 24 Oct 2025. Priyamvada Ramkumar was appointed as Director on 25 Aug 2025. Niveditaram ceased to be Additional Director on 24 Aug 2025. Axles India has 34 board changes on record in total.
Axles India can be reached through the website axlesindia.com. Its registered office is in Chennai, Tamil Nadu, India.