About Astarc Group
Astarc Group is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 1987 by Kishore Manohar Musale. Diversified operations are conducted across printing, imaging, infrastructure, and automobiles. Astarc Group has raised $53.8 million across 1 funding round from investors including KKR. Its chief executive, as recorded, is Sameer Musale. Its Indian entity Astarc Management Services Private Limited reported revenue of ₹3.82 Cr. Astarc Group offers products and services including Agricultural Services and Infrastructure Services. Its focus areas include Conglomerates and Traditional Conglomerates.
Company details
Astarc Group was founded in 1987 in Mumbai, India, as a diversified conglomerate. Business activities are spread across sectors including printing, imaging, infrastructure, automobiles, electronics, agriculture, agro processing, and venture investments. Surface augmentation solutions are supplied to industries such as automotive, consumer durables, and appliances. The company maintains a presence in multiple verticals with a focus on industrial and investment operations.
- Headquarters Mumbai, India
- Founders Kishore Manohar Musale
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website astarc.com
- Social LinkedIn
- Legal Name Astarc Management Services Private Limited
- Date of Incorporation 27 Sep, 2012
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.82 Cr
FY 2017 · +2057% YoY
- Net Loss-₹38.7 Lakh
FY 2017 · -10% margin
- EBITDA₹13.1 Lakh
FY 2017 · 3% margin
- Total Equity Funding$53.8M (USD)
in 1 rounds
- Latest Funding Round$53.8M (USD), Private Equity Round
Mar 2016
- Investors
Associated legal entities of Astarc Group
Astarc Group operates through Astarc Management Services Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Astarc Management Services Private Limited CIN U74999MH2012PTC236286 | Amalgamated | 27 Sep 2012 | Mumbai, Maharashtra | ₹3.8 Cr | 2 | View details |
Products & Services of Astarc Group
Astarc Group offers a comprehensive portfolio of products and services, including Agricultural Services and Infrastructure Services.
Agricultural services are offered through entities like Agrostarc, which are managed for various operational needs.
Infrastructure services are provided via Astarc Infrastructure, focusing on development projects.
Funding Insights of Astarc Group
Astarc Group has successfully raised a total of $53.8M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $53.8 million completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $53.8M
- Total Rounds 1
- Last Round Private Equity Round — $53.8M
- First Round $53.8M
(Mar 2016)
- Investors Count 1
All 1 funding rounds of Astarc Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $53.8M | Private Equity Round | – | KKR | – |
1 investors in total: 1 institutional.
Investors in Astarc Group
Astarc Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include KKR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States |
Investor details for Astarc Group
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Board of directors of Astarc Management Services Private Limited (Astarc Group)
Astarc Management Services Private Limited is the primary company behind Astarc Group. The board of Astarc Management Services Private Limited currently have 2 directors; the longest-serving is Jitendra Bhaskar Thakare, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendra Bhaskar Thakare DIN 01994792 | Director | 04 Jan 2016 | 10 yrs 10 mo | Astarc Management Services Private Limited |
| Ganesh V Tawde DIN 01999406 | Director | 06 Jun 2017 | 9 yrs 5 mo | Astarc Management Services Private Limited |
People of Astarc Group
2 people are tracked at Astarc Group (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & Chairman | Leadership | |
| CEO & Director | Leadership |
Complete people profiles for Astarc Group
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Financials of Astarc Group
Figures of Astarc Management Services Private Limited, the primary company behind Astarc Group, for FY 2017. Revenue was ₹3.82 Cr (+2057% year on year). Net loss was -₹38.7 Lakh (-10% margin). EBITDA was ₹13.1 Lakh (3% margin). Revenue has grown at a compounded annual rate of +66% over three years.
- ₹3.82 CrRevenue · FY 2017 · +2057% YoY
- -₹38.7 LakhNet loss · -10% margin
- ₹13.1 LakhEBITDA · 3% margin
- ₹1 LakhPaid-up capital
- +66%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Astarc Management Services Private Limited are on its company page.
Detailed financial statements for Astarc Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Astarc Group
2 dated milestones of Astarc Group across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Astarc Group is founded.
- Funding First funding round of $53.8M.
Web traffic of Astarc Group
The website of Astarc Group (astarc.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 5.8% vs previous month
Websites whose visitors overlap most with Astarc Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| classicstripes.com | 37% | View details |
Top companies in Metals & Minerals
3 companies that operate in the same segment as Astarc Group (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 21.54 B | 78,760 |
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Related news about Astarc Group
Complete news archive for Astarc Group
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Frequently Asked Questions about Astarc Group
Astarc Group was founded in 1987 and raised its 1st funding round 29 years after it was founded.
Astarc Group is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sameer Musale is the CEO of Astarc Group, as recorded in our data.
Astarc Group is a funded company, having raised a total of $53.8M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $53.8M, raised on Mar 2016.
The primary company behind Astarc Group, Astarc Management Services Private Limited, reported revenue of ₹3.82 Cr for FY 2017, up 2057% year on year.
Astarc Group was founded in 1987 in Mumbai, India, as a diversified conglomerate. Business activities are spread across sectors including printing, imaging, infrastructure, automobiles, electronics, agriculture, agro processing, and venture investments. Surface augmentation solutions are supplied to industries such as automotive, consumer durables, and appliances. The company maintains a presence in multiple verticals with a focus on industrial and investment operations.
Astarc Group offers Agricultural Services and Infrastructure Services.
Astarc Group has 1 investor. Key investors include KKR.
Astarc Group operates through Astarc Management Services Private Limited.
The legal entities of Astarc Group currently have 2 directors, including Ganesh V Tawde, Jitendra Bhaskar Thakare.