MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0009762
Azus Asphalts India Private Limited - chemicals and materials in Karwar, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹329.19 Cr
▲ 49% YoY
Net profit · FY 2025
₹2.32 Cr
Net margin 0.7%
EBITDA · FY 2025
₹4.62 Cr
EBITDA margin 1.4%
Authorised capital
₹9.5 Cr
Registered with MCA
Paid-up capital
₹5.58 Cr
Issued & subscribed
Open charges
₹55.22 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
3
Provident fund records
About Azus Asphalts India Private Limited
Data last updated:
Azus Asphalts India Private Limited is a private limited company based in Karwar, Karnataka, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 22 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24304KA2018PTC117769. Its GSTIN is 29AARCA4833B1ZM (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹5.58 Cr. It is led by directors Aliraza Masumali Bhavanagary and Saahil Aliraza Bhavanagary.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 31 Sakalben Aversa Ankola Karwar, Karnataka, India – 581316.
As per the financials filed for FY 2025, the company reported a revenue of ₹329.19 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹2.32 Cr (net margin 0.7%) and EBITDA of ₹4.62 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 16% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹55.22 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.54 Cr; the latest was in August 2021. Its 3 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is Softrose Petrochemicals Private Limited with revenue of ₹333.59 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers.
Azus Asphalts India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0009762). For more details, the company can be reached via its website azusasphalts.com.
Company details
CIN U24304KA2018PTC117769
Registration Number 117769
Incorporation Date 22 October 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0009762
Recognitions & Rankings of Azus Asphalts India
Contact details
Azus Asphalts India Private Limited's registered office is in Karwar, Karnataka. Its website is azusasphalts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 31 Sakalben Aversa Ankola Karwar, Karnataka, India – 581316
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Azus Asphalts India Private Limited, buy the company report.
Comprehensive company report
Azus Asphalts India Private 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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Business activity
The main business activity of Azus Asphalts India 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 Azus Asphalts India Private Limited, buy the company report.
Financials of Azus Asphalts India Private Limited
FY 2025 filings availableAzus Asphalts India Private Limited reported revenue of ₹329.19 Cr (up 49% YoY) for FY 2025.
Revenue · FY 2025
₹329.19 Cr ▲ 49%
Net profit · FY 2025
₹2.32 Cr margin 0.7%
EBITDA · FY 2025
₹4.62 Cr margin 1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 6%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 13%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 49% growth in the latest year. EBITDA rose 22% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.32 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Azus Asphalts India Private Limited, buy the company report.
Board of directors of Azus Asphalts India Private Limited
Azus Asphalts India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aliraza Masumali Bhavanagary | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Saahil Aliraza Bhavanagary Also directs: Bitugold LLP | Director | 22 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Azus Asphalts India Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Petrochemicals), 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 |
|---|---|---|---|---|---|---|
| Softrose Petrochemicals Private Limited | ₹333.59 Cr (FY 2025) | 28.0% | Kolkata, West Bengal, India | |||
| Azus Asphalts India Private Limitedthis company | ₹329.19 Cr (FY 2025) | ₹2.32 Cr | 0.7% | 49.0% | 3 | Karwar, Karnataka, India |
| D.D.Shah Petrochem Private Limited | ₹325.85 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India | |||
| Oleo Energy (India) Private Limited | ₹325.03 Cr (FY 2022) | Gandhidham, Gujarat, India |
To see the full peer comparison of Azus Asphalts India Private Limited, buy the company report.
Auditor
Azus Asphalts India Private Limited is audited by Bhikhubhai H. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhikhubhai H. Shah & Co. | FY 2023 | 115374W |
Shareholding
The shareholding of Azus Asphalts India Private 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 Azus Asphalts India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹55.22 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2025 | 101196079 | Bank of India | ₹17.25 Cr | Open | |
| 23 Jul 2025 | 101143725 | Standard Chartered Bank | ₹12 Cr | Open | |
| 29 Jan 2022 | 100534037 | Axis Bank Limited | ₹21.1 Lakh | Open | |
| 20 Dec 2021 | 100523665 | Yes Bank Limited | ₹73.22 Lakh | Open | |
| 01 Nov 2021 | 100524521 | Hdfc Bank Limited | ₹1.03 Cr | Open |
To see the full charge records of Azus Asphalts India Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Azus Asphalts India Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.54 Cr; the latest was in August 2021.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹3.54 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Funding round | ₹3.54 Cr | Investors: 2 individuals |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Azus Asphalts India Private Limited has 7 court cases on record: 1 filed by Azus Asphalts India, 6 filed against it. All cases are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1101-Arbitration Matters : Arbitration Petitions under Section 11 of Arbitration & Conciliation Act, 1996) | Filed against the company by M/S Alam International FZE Through His Duly Constituted Authorized Representative Mr. Mohammad Ghaffari P1-Elob Office, Hamriyah Free Zone, Sharjah | Disposed |
| District court, DHARWAD, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, DHARWAD, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, DHARWAD, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Azus Asphalts India 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
Azus Asphalts India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cotecna Inspection India Private Limited | |||
| Dreamz Vision Creative Geeks Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Azus Asphalts India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Azus Asphalts India Private Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-25%
GST
Azus Asphalts India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AARCA4833B1ZM | Karnataka | Active | 04 Feb 2019 |
| 27AARCA4833B1ZQ | Maharashtra | Active | 05 Jul 2019 |
To see the full GST registrations and return filing status of Azus Asphalts India Private Limited, buy the company report.
Recent activity
Azus Asphalts India Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Aliraza Masumali Bhavanagary ceased to be Additional Director on 30 Dec 2019.
Charges
A charge with Bank Of India amounted to Rs. 17.25 Cr with Charge ID 101196079 was registered on 25 Nov 2025.
AGM
Azus Asphalts India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Standard Chartered Bank of Rs. 12.00 Cr registered on 23 Jul 2025 with Charge ID 101143725 was modified on 22 Aug 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 12.00 Cr with Charge ID 101143725 was registered on 23 Jul 2025.
Charges
A charge with Axis Bank Limited of Rs. 20.30 Cr registered on 25 Jun 2021 with Charge ID 100459339 was modified on 12 Jun 2025.
Filing
Azus Asphalts India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Axis Bank Limited of Rs. 3.28 Cr registered on 07 Feb 2020 with Charge ID 100368201 was modified on 26 May 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100534037 was registered on 29 Jan 2022.
Charges
A charge with Yes Bank Limited amounted to Rs. 0.73 Cr with Charge ID 100523665 was registered on 20 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.03 Cr with Charge ID 100524521 was registered on 01 Nov 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.30 Cr with Charge ID 100459339 was registered on 25 Jun 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.42 Cr with Charge ID 100375782 was registered on 14 Sep 2020.
6 earlier events are in the company report.
Frequently asked questions
Azus Asphalts India is an active private limited company based in Karwar, Karnataka, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 22 October 2018 (8+ years old) and is registered under CIN U24304KA2018PTC117769.
Azus Asphalts India has 2 current directors:
- Aliraza Masumali Bhavanagary - Director
- Saahil Aliraza Bhavanagary - Director
The latest financial statements of Azus Asphalts India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Azus Asphalts India is 29AARCA4833B1ZM, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AARCA4833B1ZQ (Maharashtra).
The CIN (Corporate Identification Number) of Azus Asphalts India is U24304KA2018PTC117769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azus Asphalts India has 7 court cases on record: 1 filed by the company and 6 filed against it. Most are in the district courts.
Azus Asphalts India was incorporated on 22 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Azus Asphalts India has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.54 Cr; the latest was in August 2021.
The peers of Azus Asphalts India by revenue are Softrose Petrochemicals Private Limited, D.D.Shah Petrochem Private Limited, Oleo Energy (India) Private Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading).
Aliraza Masumali Bhavanagary ceased to be Additional Director on 30 Dec 2019. Girijashankar Hariharaprasad Singh ceased to be Director on 30 Oct 2019. Aliraza Masumali Bhavanagary was appointed as Director on 17 Oct 2019. Azus Asphalts India has 4 board changes on record in total.
Yes, Azus Asphalts India is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0009762).
Azus Asphalts India has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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