MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-17-0001305
Axtel Industries Limited - machinery and equipment in Baska, Gujarat, India. FY 2026 financials & compliance.
Active Listed - NSE: AXTEL · BSE: 523850 Public Limited Company machinery and equipment MSME · Medium
Market Cap
₹644 Cr
AXTEL · NSE
Share Price
₹388.05
-2.66% today
Revenue
₹224 Cr
FY 2025-26 · +25.3% YoY
EBITDA
₹40.69 Cr
Margin 18.2%
Net Profit
₹25.38 Cr
FY 2025-26 · +55.2% YoY
P/E (TTM)
21.3x
P/B 5.3x
ROE
20.5%
ROCE 28.8%
Authorised capital
₹20 Cr
Registered with MCA
About Axtel Industries Limited
Data last updated:
Axtel Industries Limited is a public limited company based in Baska, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 28 August 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L91110GJ1991PLC016185. Its GSTIN is 24AACCA3227E1ZB (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 523850 and NSE: AXTEL.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹16.15 Cr. It was formerly known as Advanced Extrufoil Technology and Exports Ltd. It is led by directors including Ajay Nalin Parikh (Whole-Time Director) and Ajay Naishad Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vadodara Halol Highway, Baska, Gujarat, India – 389350.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹223.77 Cr, a growth of 25.3% compared to the previous year. For the same year it recorded a net profit of ₹25.38 Cr (net margin 11.3%) and EBITDA of ₹40.69 Cr (EBITDA margin 18.2%). The net worth stands at ₹124.65 Cr (up 1.7% YoY). Total assets are valued at ₹130.27 Cr (up 2.8% YoY).
The company has about 206 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Axtel. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹43.26 Cr on record. Court records list 15 cases involving the company, including 15 filed against it; 1 case is pending. The company has 17 deals on record (17 market trades); the latest was in January 2025. Its 4 peer companies in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 3 smaller; the largest is SKF Elixer India Private Limited with revenue of ₹194.26 Cr. The company has 21 MSME Form 1 returns on record between 2019 and 2024, listing 10,158 overdue payments to 342 micro and small suppliers.
Axtel Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-17-0001305). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axtelindia.com.
Company details
CIN L91110GJ1991PLC016185
Registration Number 016185
Incorporation Date 28 August 1991
ROC Ahmedabad
Listing Status Listed - Listed on NSE (AXTEL); Listed on BSE (523850)
Company Status Active
Date of Last AGM 19 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-17-0001305
CIN history
Axtel Industries has one previous CIN (Corporate Identification Number): U91110GJ1991PLC016185. The current CIN is L91110GJ1991PLC016185, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L91110GJ1991PLC016185 | Current |
| U91110GJ1991PLC016185 | Previous |
Key People
Ajay Nalin Parikh Whole-Time Director Ajay Naishad Desai Whole-Time Director Ameet Nalin Parikh Director Recognitions & Rankings of Axtel Industries
Contact details
Axtel Industries Limited's registered office is in Baska, Gujarat. Its website is axtelindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVadodara Halol Highway, Baska, Gujarat, India – 389350
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Axtel Industries Limited, buy the company report.
Comprehensive company report
Axtel Industries 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
Axtel Industries operates one associated brand: Axtel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Grinding devices for healthcare sector are manufactured by Axtel. | axtelindia.com |
Business activity
The main business activity of Axtel Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Axtel Industries Limited, buy the company report.
Financials of Axtel Industries Limited
FY 2025-26 filings availableAxtel Industries Limited reported revenue of ₹223.77 Cr (up 25.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹224 Cr
+25.3% YoY
EBITDA
₹40.69 Cr
+70.8% YoY
Profit After Tax
₹25.38 Cr
+55.2% YoY
Net Worth
₹125 Cr
+1.7% YoY
Total Assets
₹130 Cr
+2.8% YoY
Total Debt
Nil
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 224 | 179 | 223 | 180 | 144 | 153 | 99.65 |
| Revenue growth | +25.3% | -20.1% | +24.0% | +25.1% | -6.1% | +53.9% | - |
| EBITDA | 40.69 | 23.83 | 44.04 | 22.80 | 17.04 | 28.70 | 14.34 |
| EBITDA margin | +18.2% | +13.4% | +19.7% | +12.7% | +11.8% | +18.7% | +14.4% |
| Profit before tax | 41.40 | 23.94 | 42.85 | 22.97 | 18.83 | 28.86 | 14.86 |
| Net profit | 25.38 | 16.35 | 30.78 | 16.70 | 11.77 | 20.88 | 10.84 |
| Net profit margin | +11.3% | +9.2% | +13.8% | +9.3% | +8.2% | +13.6% | +10.9% |
| EPS (₹) | 19.29 | 11.16 | 19.89 | 10.71 | 8.56 | 13.18 | 6.74 |
| Balance sheet | |||||||
| Total assets | 130 | 127 | 116 | 98.85 | 85.63 | 76.79 | 66.78 |
| Net worth | 125 | 123 | 113 | 96.15 | 80.82 | 71.37 | 55.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.63 | 7.75 |
| Cash & bank | 16.47 | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 |
| Net working capital | 12.13 | 34.96 | 49.12 | 42.16 | 48.00 | 22.43 | 18.91 |
| Cash flow | |||||||
| Cash from operations | 70.51 | 31.22 | 38.68 | 30.14 | (11.14) | 24.54 | 12.04 |
| Cash from investing | (27.67) | (25.49) | (9.45) | (19.96) | 14.48 | (7.83) | (11.36) |
| Cash from financing | (29.33) | (8.76) | (16.16) | (4.79) | (5.48) | (12.68) | (1.91) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.64 | 32.31 | 70.57 | 58.63 | 67.34 | 27.22 | 37.61 | 40.41 |
| Revenue growth (YoY) | -33.7% | +18.7% | +87.6% | +45.1% | +20.6% | -39.1% | - | - |
| Other income | 1.38 | 1.23 | 1.02 | 1.44 | 1.63 | 1.84 | 1.37 | 1.07 |
| Total expenses | 39.62 | 29.78 | 55.41 | 47.80 | 54.16 | 25.71 | 33.09 | 35.45 |
| EBITDA | 5.02 | 2.53 | 15.16 | 10.83 | 13.18 | 1.51 | 4.52 | 4.96 |
| EBITDA margin | +11.2% | +7.8% | +21.5% | +18.5% | +19.6% | +5.5% | +12.0% | +12.3% |
| Depreciation | 1.17 | 1.11 | 1.28 | 1.35 | 1.21 | 1.12 | 1.12 | 0.97 |
| Interest | 0.24 | 0.10 | 0.11 | 0.09 | (0.02) | 0.07 | 0.28 | 0.10 |
| Profit before tax | 4.99 | 2.55 | 14.79 | 10.83 | 13.62 | 2.16 | 4.49 | 4.96 |
| Tax | 1.26 | 0.59 | 3.63 | 2.85 | 3.50 | 0.27 | (0.27) | 1.70 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 04 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.64 | 32.31 | 70.57 | 58.63 | 67.34 | 27.22 | 37.61 | 40.41 |
| Revenue growth (YoY) | -33.7% | +18.7% | +87.6% | +45.1% | +20.6% | -39.1% | - | - |
| Other income | 1.38 | 1.23 | 1.02 | 1.44 | 1.63 | 1.84 | 1.37 | 1.07 |
| Total expenses | 39.62 | 29.78 | 55.41 | 47.80 | 54.16 | 25.71 | 33.09 | 35.45 |
| EBITDA | 5.02 | 2.53 | 15.16 | 10.83 | 13.18 | 1.51 | 4.52 | 4.96 |
| EBITDA margin | +11.2% | +7.8% | +21.5% | +18.5% | +19.6% | +5.5% | +12.0% | +12.3% |
| Depreciation | 1.17 | 1.11 | 1.28 | 1.35 | 1.21 | 1.12 | 1.12 | 0.97 |
| Interest | 0.24 | 0.10 | 0.11 | 0.09 | (0.02) | 0.07 | 0.28 | 0.10 |
| Profit before tax | 4.99 | 2.55 | 14.79 | 10.83 | 13.62 | 2.16 | 4.49 | 4.96 |
| Tax | 1.26 | 0.59 | 3.63 | 2.85 | 3.50 | 0.27 | (0.27) | 1.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 224 | 179 | 223 | 180 | 144 | 153 | 99.65 |
| Revenue growth | +25.3% | -20.1% | +24.0% | +25.1% | -6.1% | +53.9% | - |
| Other income | 5.93 | 4.67 | 3.19 | 3.67 | 5.11 | 3.47 | 3.90 |
| Total expenses | 183 | 155 | 179 | 157 | 127 | 125 | 85.31 |
| Employee cost | 39.46 | 36.81 | 34.02 | 29.28 | 26.27 | 22.93 | 20.06 |
| EBITDA | 40.69 | 23.83 | 44.04 | 22.80 | 17.04 | 28.70 | 14.34 |
| EBITDA margin | +18.2% | +13.4% | +19.7% | +12.7% | +11.8% | +18.7% | +14.4% |
| Depreciation | 4.97 | 3.88 | 2.76 | 2.41 | 2.84 | 2.59 | 2.68 |
| Interest | 0.25 | 0.68 | 1.62 | 1.09 | 0.48 | 0.72 | 0.70 |
| Profit before tax | 41.40 | 23.94 | 42.85 | 22.97 | 18.83 | 28.86 | 14.86 |
| Tax | 10.24 | 5.91 | 10.73 | 5.66 | 4.99 | 7.57 | 3.97 |
| Net profit | 25.38 | 16.35 | 30.78 | 16.70 | 11.77 | 20.88 | 10.84 |
| Net profit margin | +11.3% | +9.2% | +13.8% | +9.3% | +8.2% | +13.6% | +10.9% |
| EPS (₹) | 19.29 | 11.16 | 19.89 | 10.71 | 8.56 | 13.18 | 6.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.15 | 16.15 | 16.15 | 16.15 | 16.15 | 16.15 | 16.15 |
| Reserves & surplus | 108 | 106 | 96.85 | 80.00 | 64.67 | 55.22 | 38.85 |
| Shareholders' funds (net worth) | 125 | 123 | 113 | 96.15 | 80.82 | 71.37 | 55.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 0.63 | 7.75 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.63 | 7.75 |
| Total liabilities | 130 | 127 | 116 | 98.85 | 85.63 | 76.79 | 66.78 |
| Assets | |||||||
| Gross block | 61.36 | 53.01 | 46.52 | 31.30 | 30.52 | 29.10 | 26.48 |
| Net block | 31.38 | 27.99 | 25.31 | 12.85 | 14.43 | 15.83 | 15.80 |
| Capital work in progress | 0.35 | 0.84 | 0.43 | 4.74 | 0.33 | 0.00 | 0.59 |
| Investments | 81.28 | 57.20 | 35.22 | 34.50 | 18.10 | 33.85 | 26.18 |
| Inventories | 33.13 | 37.37 | 52.13 | 45.02 | 36.61 | 22.56 | 30.73 |
| Sundry debtors | 45.13 | 32.60 | 49.76 | 61.56 | 45.90 | 20.05 | 11.87 |
| Cash & bank balances | 16.47 | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 |
| Loans & advances | 2.77 | 4.47 | 2.54 | 4.22 | 4.49 | 3.20 | 8.12 |
| Total current assets | 97.50 | 96.84 | 129 | 122 | 93.15 | 54.10 | 54.99 |
| Total current liabilities | 85.37 | 61.88 | 79.92 | 80.19 | 45.15 | 31.67 | 36.08 |
| Net working capital | 12.13 | 34.96 | 49.12 | 42.16 | 48.00 | 22.43 | 18.91 |
| Total assets | 130 | 127 | 116 | 98.85 | 85.63 | 76.79 | 66.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 | 5.50 |
| Net cash from operating activities | 70.51 | 31.22 | 38.68 | 30.14 | (11.14) | 24.54 | 12.04 |
| Net cash from investing activities | (27.67) | (25.49) | (9.45) | (19.96) | 14.48 | (7.83) | (11.36) |
| Net cash from financing activities | (29.33) | (8.76) | (16.16) | (4.79) | (5.48) | (12.68) | (1.91) |
| Net change in cash | 13.51 | (3.03) | 13.07 | 5.39 | (2.14) | 4.03 | (1.23) |
| Closing cash | 16.47 | 22.40 | 24.61 | 11.55 | 6.15 | 8.29 | 4.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +25.3% | -20.1% | +24.0% | +25.1% | -6.1% | +53.9% | - |
| EBITDA growth | +70.8% | -45.9% | +93.2% | +33.8% | -40.6% | +100.1% | - |
| PBT growth | +72.9% | -44.1% | +86.6% | +22.0% | -34.8% | +94.2% | -18.3% |
| Net income growth | +55.2% | -46.9% | +84.3% | +41.9% | -43.6% | +92.6% | - |
| Revenue CAGR (3Y) | +7.5% | +7.4% | +13.3% | +21.8% | +9.1% | +23.5% | +9.4% |
| EBITDA CAGR (3Y) | +21.3% | +11.8% | +15.3% | +16.7% | -3.1% | +41.7% | +10.4% |
| Profitability & leverage | |||||||
| Net income margin | +13.9% | +10.1% | +14.4% | +9.6% | +9.6% | +13.9% | +10.9% |
| Return on capital employed | +28.8% | +20.3% | +41.4% | +26.1% | +20.3% | +41.2% | +25.1% |
| Return on net worth | +20.5% | +15.3% | +30.7% | +19.6% | +15.5% | +33.7% | +20.3% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.07 | 0.08 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 0.70 | 3.41 | 3.92 | 5.35 | 3.38 | 2.76 | 6.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.91 | 3.59 | 5.74 | 5.83 | 4.83 | 5.52 | 3.96 |
| Inventory turnover | 6.35 | 3.99 | 4.60 | 4.41 | 4.87 | 5.76 | 3.80 |
| Debtors turnover | 5.76 | 4.34 | 4.01 | 3.35 | 4.37 | 9.61 | 6.37 |
| EPS (₹) | 19.29 | 11.16 | 19.89 | 10.71 | 8.56 | 13.18 | 6.74 |
| Dividend per share (₹) | 12.00 | 11.00 | 6.00 | 3.00 | 2.00 | 6.00 | 2.50 |
| Book value per share (₹) | 77.16 | 75.88 | 69.95 | 59.52 | 50.03 | 44.18 | 34.05 |
To see the full year-wise statements and ratios of Axtel Industries Limited, buy the company report.
Board of directors of Axtel Industries Limited
Axtel Industries has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ameet Nalin Parikh Also directs: Tranzmute Business Advisory LLP, Chaykar Business Advisory LLP, Morphis Business Advisory LLP and 5 more | Director | 01 Dec 2009 | 16 Years 11 Months | Current |
| Ajitsingh Mohansingh Bubber | Director | 01 Apr 1995 | 31 Years 7 Months | Current |
| Ajay Nalin Parikh Also directs: Chaykar Business Advisory LLP | Whole-Time Director | 28 Aug 1991 | 35 Years 2 Months | Current |
| Nimish Patel Rohitkumar | Director | 05 Nov 2018 | 7 Years 11 Months | Current |
| Ajay Naishad Desai Also directs: Shivash Business Advisory LLP, Mannk Foods (India) Private Limited | Whole-Time Director | 28 Aug 1991 | 35 Years 2 Months | Current |
| Deepti Sharma Also directs: Finncare India Consulting LLP, Panasonic Energy India Company Limited, Knack Packaging Limited and 4 more | Director | 05 Nov 2018 | 7 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Axtel Industries Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Axtel Industries Limitedthis company | ₹223.77 Cr (FY 2026) | ₹25.38 Cr | 11.3% | 25.3% | 206 | Baska, Gujarat, India |
| SKF Elixer India Private Limited | ₹194.26 Cr (FY 2025) | 33.0% | Mangalore, Karnataka, India | |||
| Kusters Calico Machinery Private Limited | ₹180.39 Cr (FY 2025) | 49.0% | Karjan, Gujarat, India | |||
| Eaton Industrial Products Private Limited | ₹178.63 Cr (FY 2025) | 63.0% | Pune, Maharashtra, India | |||
| Electronica Plastic Machines Private Limited | ₹172.09 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India |
To see the full peer comparison of Axtel Industries Limited, buy the company report.
Auditor
Axtel Industries Limited is audited by VRCA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VRCA & ASSOCIATES | FY 2023 | 104727W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 50.00%, foreign institutional investors hold 0.40%, domestic institutional investors hold 1.50% and retail and other public shareholders hold 48.20%.
Sep 2026
QUARTER
50.00% Promoters
1.50% DII (Domestic Institutional)
0.40% FII (Foreign Institutional)
48.20% Retail & Others
Promoter holding - history
Now 50.00% · Sep 2026High 50.00% · Dec 2025Low 50.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 50.00% | 50.00% | 50.00% | 50.00% |
| Public | 50.00% | 50.00% | 50.00% | 50.00% |
Charges & borrowings
Open charges
₹50 Cr
Satisfied charges
₹43.26 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2010 | 10245352 | Others | ₹50 Cr | Open | |
| 18 Oct 2019 | 100315556 | Others | ₹25 Cr | Satisfied | |
| 19 Mar 2018 | 100169190 | Yes Bank Limited | ₹1.4 Cr | Satisfied | |
| 31 Aug 2009 | 10173257 | State Bank of India | ₹8 Cr | Satisfied | |
| 22 Jul 2008 | 10120238 | Abn Amro Bank N.V. | ₹5 Cr | Satisfied |
To see the full charge records of Axtel Industries Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Axtel Industries Limited has 17 deals on record (17 market trades); the latest was in January 2025.
Total deals
17
Market trades
17
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Market trade | ₹5.22 Cr | Buyer: Solidarity Investment Managers |
| Oct 2018 | Market trade | ₹1.01 Cr | Buyer: Anjali Credit Pvt Ltd Seller: Indianivesh Capitals Limited , Anjali Credit Pvt Ltd |
| Oct 2018 | Market trade | ₹1.04 Cr | Buyer: Indianivesh Capitals Limited Seller: Indianivesh Financial Advisors Limited |
| Oct 2014 | Market trade | ₹16.7 Lakh | Buyer: an individual Seller: an individual |
| Oct 2010 | Market trade | ₹28.9 Lakh | Buyer: an individual Seller: CSB Bank Limited |
To see the full deal history of Axtel Industries 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
Axtel Industries Limited has 15 court cases on record: 15 filed against it. 1 case is pending and 14 are disposed.
Total cases
15
Filed against the company
15
Pending
1
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Court case (SUCCESSION COURT) | Filed against the company | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Panchmahal at Godhra, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| District court, Panchmahal at Godhra, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Axtel Industries 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
Axtel Industries Limited was last rated by Care on 04 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Feb 2022 |
To see the full credit ratings and regulatory alerts of Axtel Industries Limited, buy the company report.
MSME payment delays
Axtel Industries Limited has 21 MSME Form 1 returns on record between 2019 and 2024, listing 10,158 overdue payments to 342 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 342)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mahadev Metal | |||
| Parshwa Instruments - BRD | |||
| an individual supplier | |||
| SSC Control Private Limited | |||
| Mechatronics Control Equipments India Private Limited |
To see the full MSME payment records of Axtel Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Axtel Industries Limited has a workforce of 206 employees on its EPFO records as of Jul 03, 2024, across 1 active EPFO establishment.
Employee count
206
Active EPFO establishments
1
Employee growth
12.57%
GST
Axtel Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCA3227E1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Axtel Industries Limited, buy the company report.
Recent activity
Axtel Industries Limited has 27 board changes on record since 1991: 18 appointments and 9 cessations. The latest: Dharaben Mehulkumar Thakar was appointed as Company Secretary on 02 Jun 2025.
Filing
Axtel Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Axtel Industries Limited last Annual general meeting of members was held on 19 Aug 2025 as per latest MCA records.
Appointed
Dharaben Mehulkumar Thakar was appointed as Company Secretary.
Ceased
Prerana S Bokil ceased to be Company Secretary.
Appointed
Paresh Jaisinh Rajda was appointed as Director.
Ceased
Sandeep Gul Lalwani ceased to be Director.
Charges
A charge with Others of Rs. 50.00 Cr registered on 28 Sep 2010 with Charge ID 10245352 was modified on 22 Nov 2023.
Charges
A charge registered on 19 Mar 2018 via Charge ID 100169190 with Yes Bank Limited was fully satisfied on 12 Apr 2023.
Charges
A charge registered on 18 Oct 2019 via Charge ID 100315556 with Others was fully satisfied on 18 Feb 2021.
Ceased
Kirit Kumar Pathak ceased to be Director.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100315556 was registered on 18 Oct 2019.
Appointed
Deepti Sharma was appointed as Director.
33 earlier events are in the company report.
News
Frequently asked questions
Axtel Industries is an active public limited company based in Baska, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 28 August 1991 (35+ years old) and is registered under CIN L91110GJ1991PLC016185. Listed on BSE: 523850 and NSE: AXTEL.
Axtel Industries reported revenue of ₹223.77 Cr for FY 2025-26 (up 25.3% YoY) based on standalone financials.
Axtel Industries has 7 current directors:
- Ajay Nalin Parikh - Whole-Time Director
- Ajay Naishad Desai - Whole-Time Director
- Ameet Nalin Parikh - Director
- Ajitsingh Mohansingh Bubber - Director
- Nimish Patel Rohitkumar - Director
- Deepti Sharma - Director
- Paresh Jaisinh Rajda - Director
The latest financial statements of Axtel Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Axtel Industries is 24AACCA3227E1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Axtel Industries is L91110GJ1991PLC016185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Axtel Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 523850) and NSE (symbol: AXTEL).
Axtel Industries has 15 court cases on record: 15 filed against it. 1 is pending. Most are in the district courts.
Axtel Industries was incorporated on 28 August 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Axtel Industries has 17 deals on record (17 market trades); the latest was in January 2025.
The peers of Axtel Industries by revenue are SKF Elixer India Private Limited, Kusters Calico Machinery Private Limited, Eaton Industrial Products Private Limited, Electronica Plastic Machines Private Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Dharaben Mehulkumar Thakar was appointed as Company Secretary on 02 Jun 2025. Prerana S Bokil ceased to be Company Secretary on 31 May 2025. Paresh Jaisinh Rajda was appointed as Director on 03 May 2024. Axtel Industries has 27 board changes on record in total.
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