About Ascolite
Ascolite is a Chemicals & Materials company based in Surat (India). Provision of innovative building materials for construction projects in India. It operates in the Chemicals & Materials and Real Estate & Construction sectors. The company has 105 employees. Its Indian entity Aswani Industries Private Limited reported revenue of ₹207 Cr. Ascolite offers products and services including Walling Solutions and Waterproofing Systems. Its focus areas include Construction, Waterproofing, Waterproofing Systems and Coatings and Sealants.
Company details
Ascolite Is Recognized As A Leading Provider Of Innovative Building Materials, Marketed By Aswani Industries , With A Focus On Solutions Like Walling, Waterproofing, And Structural Repairs. These Materials Are Designed To Enhance Construction Efficiency And Durability Across Residential, Commercial, And Industrial Sectors. A Workforce Exceeding 500 Individuals Delivers Over 3000 Training Hours, Supporting More Than 800 Customers And 6000 Projects. Products Are Engineered To Promote Sustainable Practices, Ensuring Quality And Performance In Various Applications, While Expanding Presence Across Multiple Indian States.
- Headquarters Surat, India
- Employees 105
- SectorsChemicals & MaterialsReal Estate & Construction
- Phone•••• ••••
- Website ascolite.in
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Aswani Industries Pvt Ltd
- Date of Incorporation 12 Aug, 1996
- Jurisdiction Surat, Gujarat, India
- Annual Revenue₹207 Cr
FY 2025 · -9% YoY
- Net Profit₹14.68 Cr
FY 2025 · 7% margin
- EBITDA₹26.59 Cr
FY 2025 · 13% margin
- Employee Count105
Associated legal entities of Ascolite
Ascolite operates through Aswani Industries Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aswani Industries Private Limited CIN U45201GJ1996PTC030462 | Active | 12 Aug 1996 | Surat, Gujarat | ₹207 Cr | 105 | 3 | View details |
Products & Services of Ascolite
Ascolite offers a comprehensive portfolio of products and services, including Walling Solutions and Waterproofing Systems.
Walling solutions are provided by Ascolite, including fly ash blocks and masonry mortars, to facilitate effective construction processes
Waterproofing systems are supplied by Ascolite, encompassing primers and coatings, to ensure protection against moisture in diverse applications
Apps and channels of Ascolite
its YouTube channel Ascolite has 4.29K subscribers and 30 videos.
Videos from Ascolite
The most watched videos on Ascolite's YouTube channel, Ascolite (4.29K subscribers). Click a video to play it here.
More on Ascolite.
Board of directors of Aswani Industries Private Limited (Ascolite)
Aswani Industries Private Limited is the primary company behind Ascolite. The board of Aswani Industries Private Limited currently have 3 directors; the longest-serving is Jaiprakash Khanchand Ashwani, appointed in 1996. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jaiprakash Khanchand Ashwani DIN 00021449 | Director | 12 Aug 1996 | 30 yrs 3 mo | Aswani Industries Private Limited |
| Navin Ashok Aswani DIN 00021456 | Director | 04 Apr 2013 | 13 yrs 7 mo | Aswani Industries Private Limited |
| Kamlesh Pahilajbhai Sewani DIN 00092297 | Director | 31 Mar 2018 | 8 yrs 7 mo | Aswani Industries Private Limited |
People of Ascolite
5 people are tracked at Ascolite (2 in leadership, 3 in team); the tracked headcount is 105.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Nitin Lalwani | Chief Operations - Marketing & Strategic Management | Leadership |
Nikunj Prajapati | Deputy Product Manager | Team |
Gaffar Syed | Organization Development & Customer Success Leader | Team |
Pratik Malusare | Sales Executive Project | Team |
Complete people profiles for Ascolite
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ascolite
Figures of Aswani Industries Private Limited, the primary company behind Ascolite, for FY 2025. Revenue was ₹207 Cr (-9% year on year). Net profit was ₹14.68 Cr (7% margin). EBITDA was ₹26.59 Cr (13% margin). Revenue has grown at a compounded annual rate of +10% over three years and +15% over five years.
- ₹207 CrRevenue · FY 2025 · -9% YoY
- ₹14.68 CrNet profit · 7% margin
- ₹26.59 CrEBITDA · 13% margin
- ₹5.05 CrPaid-up capital
- 105Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aswani Industries Private Limited are on its company page.
Detailed financial statements for Ascolite
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Top companies in Paints, Coatings & Surface Treatments
3 companies that operate in the same segment as Ascolite (Paints, Coatings & Surface Treatments) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of paints | 2000 | Pune, Maharashtra, India | USD 23.11 M | USD 149.43 M | 1,213 | |
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | USD 3.87 B | 10 | ||
Industrial and decorative paints are manufactured by Kansai Nerolac. | 1920 | Mumbai, Maharashtra, India | USD 858.2 M | 10,570 |
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Frequently Asked Questions about Ascolite
Ascolite is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Ascolite has 105 employees.
The primary company behind Ascolite, Aswani Industries Private Limited, reported revenue of ₹207 Cr for FY 2025, down 9% year on year.
Ascolite Is Recognized As A Leading Provider Of Innovative Building Materials, Marketed By Aswani Industries , With A Focus On Solutions Like Walling, Waterproofing, And Structural Repairs. These Materials Are Designed To Enhance Construction Efficiency And Durability Across Residential, Commercial, And Industrial Sectors. A Workforce Exceeding 500 Individuals Delivers Over 3000 Training Hours, Supporting More Than 800 Customers And 6000 Projects. Products Are Engineered To Promote Sustainable Practices, Ensuring Quality And Performance In Various Applications, While Expanding Presence Across Multiple Indian States.
Ascolite offers Walling Solutions and Waterproofing Systems.
Ascolite operates through Aswani Industries Private Limited.
The legal entities of Ascolite currently have 3 directors, including Kamlesh Pahilajbhai Sewani, Jaiprakash Khanchand Ashwani, Navin Ashok Aswani.