HS Akash Agro India Private Limited
About HS Akash Agro India Private Limited
Data last updated:
HS Akash Agro India Private Limited is a private limited company based in Mansa, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U01403PB2013PTC037172. Its GSTIN is 03AADCH1287L1ZK (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹37.05 Cr and a paid-up capital of ₹37.01 Cr. It is led by directors Dev Raj and Pushpa Devi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Sohan Lal S/O Hem Raj Talwandi Sabo Road Near &Opp. Mansa Cold, Store, Punjab, India – 151505.
As per the financials filed for FY 2022, the company reported a revenue of ₹9.12 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹9.66 Cr (net margin -106%) and EBITDA of ₹2.01 Cr (EBITDA margin 22%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 57% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹108 Cr and satisfied charges of ₹110 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 6 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2017.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
HS Akash Agro India Private Limited's registered office is in Mansa, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSohan Lal S/O Hem Raj Talwandi Sabo Road Near &Opp. Mansa Cold, Store, Punjab, India – 151505
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of HS Akash Agro India Private Limited, buy the company report.
- 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
Business activity
The main business activity of HS Akash Agro India is agriculture, forestry, fishing. In detail, this covers production of crops and animals and support activities to agriculture and other activities including hunting. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A1 | Production of crops and animals | |
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of HS Akash Agro India Private Limited, buy the company report.
Financials of HS Akash Agro India Private Limited
FY 2022 filings availableHS Akash Agro India Private Limited reported revenue of ₹9.12 Cr (down 94% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 94% fall in the latest year. EBITDA fell 9% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹2.01 Cr | ||||
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| Net Profit (PAT) | -₹9.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 22% | ||||
| Net Profit Margin | -106% | ||||
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To see the full financial statements and ratios of HS Akash Agro India Private Limited, buy the company report.
Board of directors of HS Akash Agro India Private Limited
HS Akash Agro India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dev Raj | Director | 11 Mar 2019 | 7 Years 7 Months | Current |
| Pushpa Devi Also directs: Stanley Textiles Private Limited | Director | 01 Mar 2013 | 13 Years 8 Months | Current |
Auditor
HS Akash Agro India Private Limited is audited by AMIT K SINGLA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMIT K SINGLA & CO | FY 2021 | 014091N |
Shareholding
The shareholding of HS Akash Agro India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HS Akash Agro India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2020 | 100346982 | Others | ₹8 Cr | Open | |
| 26 Mar 2015 | 10563283 | Punjab National Bank | ₹20 Cr | Open | |
| 26 Mar 2015 | 10563284 | Punjab National Bank | ₹80 Cr | Open | |
| 25 Mar 2019 | 100254322 | Others | ₹7.5 Cr | Satisfied | |
| 28 Jun 2017 | 100115048 | Others | ₹15 Cr | Satisfied |
To see the full charge records of HS Akash Agro India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
HS Akash Agro India Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2014 | Rights issue | ₹37 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HS Akash Agro India Private Limited has 8 court cases on record: 5 filed by HS Akash Agro India, 3 filed against it. 6 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 3 |
| District courts | 2 | 2 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Reserve Bank of India and Others | Pending |
| Supreme Court | Court case | Filed against the company by Union of India | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India and Others | Pending |
| District court, Chandigarh | Commercial suit | Filed against the company by Registrar of Companies Punjab and Chandigarh | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab National Bank and Others and 4 others | Pending |
To see the full case history of HS Akash Agro 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.
Credit ratings & regulatory alerts
HS Akash Agro India Private Limited was last rated by Brickwork on 30 Aug 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 30 Aug 2019 |
To see the full credit ratings and regulatory alerts of HS Akash Agro India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for HS Akash Agro India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
HS Akash Agro India Private Limited has a workforce of 1 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
HS Akash Agro India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCH1287L1ZK | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HS Akash Agro India Private Limited, buy the company report.
Recent activity
HS Akash Agro India Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Dev Raj ceased to be Additional Director on 30 Sep 2019.
6 earlier events are in the company report.
Frequently asked questions
HS Akash Agro India is an active private limited company based in Mansa, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 March 2013 (13+ years old) and is registered under CIN U01403PB2013PTC037172.
HS Akash Agro India has 2 current directors:
- Dev Raj - Director
- Pushpa Devi - Director
The latest financial statements of HS Akash Agro India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of HS Akash Agro India is 03AADCH1287L1ZK, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of HS Akash Agro India is U01403PB2013PTC037172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HS Akash Agro India has 8 court cases on record: 5 filed by the company and 3 filed against it. 6 are pending. Most are in the high courts.
HS Akash Agro India was incorporated on 01 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chandigarh.
HS Akash Agro India has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2017.
Dev Raj ceased to be Additional Director on 30 Sep 2019. Dev Raj was appointed as Director on 11 Mar 2019. Sahil Singla ceased to be Director on 06 Feb 2018. HS Akash Agro India has 6 board changes on record in total.
The registered office of HS Akash Agro India is at Sohan Lal SO Hem Raj Talwandi Sabo Road Near &Opp. Mansa Cold, Store, Punjab, India – 151505.
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