About Aak India Private Limited
Data last updated:
Aak India Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Aarhuskarlshamn Holding Ab, Sweden. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 24 October 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15140MH2002PTC137681. Its GSTIN is 27AACCK4395B1ZM (Maharashtra). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹40.5 Cr and a paid-up capital of ₹13.17 Cr. It was formerly known as Kamani Oil Industries Private Limited and Aak Kamani Private Limited. It is led by directors including Sten Estrup Nielsen and Indranil Saha.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14th Floor Quantum Central Avenue Hiranandani Estate Hiranandani Business Park, Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,744.63 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹135.57 Cr (net margin 7.8%) and EBITDA of ₹209.73 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 7% over five years.
The company has about 489 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aak Kamani. As per MCA filings, the company has satisfied charges of ₹755.6 Cr on record. Court records list 34 cases involving the company, including 18 filed by the company and 16 filed against it; 8 cases are pending. The company has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.23 Cr; the latest was in November 2020. Its 7 peer companies in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 5 larger and 2 smaller; the largest is Vippy Industries Limited with revenue of ₹1,867.11 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 551 overdue payments to 86 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aakkamani.com.
Company details
Name history
Aak India has undergone 2 name changes throughout its history. The company was previously known as Kamani Oil Industries Private Limited, and Aak Kamani Private Limited. The current legal name is Aak India Private Limited.
| Company Name | Status |
|---|---|
| Aak India Private Limited | Current |
| Kamani Oil Industries Private Limited | Previous |
| Aak Kamani Private Limited | Previous |
Contact details
Aak India Private Limited's registered office is in Thane, Maharashtra. Its website is aakkamani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14th Floor Quantum Central Avenue Hiranandani Estate Hiranandani Business Park Ghodbu, Nder Road, Thane, Maharashtra, India – 400607
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Aak 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
Brands
Aak India operates one associated brand: Aak Kamani. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vegetable fats and oils manufacturer | aakkamani.com |
Business activity
The main business activity of Aak India is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Aak India Private Limited, buy the company report.
Financials of Aak India Private Limited
FY 2025 filings availableAak India Private Limited reported revenue of ₹1,744.63 Cr (down 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 25% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,744.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹209.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹135.57 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12% | ||||
| Net Profit Margin | 7.8% | ||||
| 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 Aak India Private Limited, buy the company report.
Board of directors of Aak India Private Limited
Aak India has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sten Estrup Nielsen Also directs: Aak South East India Private Limited | Director | 21 Aug 2020 | 6 Years 2 Months | Current |
| Indranil Saha | Director | 26 Feb 2021 | 5 Years 8 Months | Current |
| Ganesh Ramrao Doifode Also directs: Aak South East India Private Limited | Director | 22 Sep 2023 | 3 Years 1 Months | Current |
| Cheeranjeev Ajmera Also directs: Aak South East India Private Limited, Gaur Geeta Foundation | Director | 16 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Aak India Private Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vippy Industries Limited | ₹1,867.11 Cr (FY 2025) | -6.0% | Dewas, Madhya Pradesh, India | |||
| Dhanuka Soya Private Limited | ₹1,854.15 Cr (FY 2025) | 31.0% | Neemuch, Madhya Pradesh, India | |||
| B. R. Oil Industries Private Limited | ₹1,837.86 Cr (FY 2024) | -1.0% | Morena, Madhya Pradesh, India | |||
| Vijay Solvex Limited | ₹1,832.61 Cr (FY 2025) | 0.0% | Alwar, Rajasthan, India | |||
| Tirumalla Oil Refinery Private Limited | ₹1,776.57 Cr (FY 2021) | 22.0% | Panvel, Maharashtra, India | |||
| Aak India Private Limitedthis company | ₹1,744.63 Cr (FY 2024) | ₹135.57 Cr | 7.8% | -22.0% | 489 | Thane, Maharashtra, India |
| KN Agri Resources Limited | ₹1,728.7 Cr (FY 2025) | 1.0% | Raipur, Chhattisgarh, India | |||
| Shree Ganesh Edibles Private Limited | ₹1,702.88 Cr (FY 2025) | 34.0% | Khanna, Punjab, India |
To see the full peer comparison of Aak India Private Limited, buy the company report.
Auditor
Aak India Private Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Aak 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 Aak India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2013 | 10472221 | The Ratnakar Bank Limited | ₹60 Cr | Satisfied | |
| 15 Dec 2012 | 10400739 | Indusind Bank Ltd. | ₹20 Cr | Satisfied | |
| 13 Jul 2011 | 10321677 | Bank of India | ₹10 Lakh | Satisfied | |
| 01 Aug 2008 | 10121130 | Bank of India | ₹45 Cr | Satisfied | |
| 01 Aug 2008 | 10121128 | Bank of India | ₹315.25 Cr | Satisfied |
To see the full charge records of Aak India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Aak India Private Limited has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.23 Cr; the latest was in November 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: Aarhuskarlshamn Finance AB Seller: 4 individuals |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: Aarhuskarlshamn Finance AB Seller: 4 individuals |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Aarhuskarlshamn Holding AB Seller: 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: Aarhuskarlshamn Holding AB Seller: an individual |
To see the full deal history of Aak India Private 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
Aak India Private Limited has 34 court cases on record: 18 filed by Aak India, 16 filed against it. 8 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 9 | 6 |
| High courts | 14 | 7 | 2 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Criminal case | Filed against the company by Bses Rajdhani Power Limited | Pending |
| High Court of Chhattisgarh | Court case (WP227) | Filed against the company by M/S Nandan Agro Private Limited | Pending |
| District court, Raipur, Chhattisgarh | Commercial suit | Filed by the company against Nandan Agro Private Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Reliance General Insurance Co.Ltd. | Disposed |
| High Court, MAHARASHTRA | Appeal | Filed against the company by Reliance General Insurance Co.Ltd. | Disposed |
To see the full case history of Aak 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
Aak India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 551 overdue payments to 86 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 86)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Nessa Illumination Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Kallyani Global Fields Private Limited |
To see the full MSME payment records of Aak India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aak India Private Limited has a workforce of 489 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Aak India has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCK4395B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 03AACCK4395B1ZW | Punjab | Active | 01 Jul 2017 |
| 07AACCK4395B1ZO | Delhi | Active | 01 Jul 2017 |
| 08AACCK4395B1ZM | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aak India Private Limited, buy the company report.
Recent activity
Aak India Private Limited has 42 board changes on record since 2002: 23 appointments and 19 cessations. The latest: Cheeranjeev Ajmera was appointed as Director on 16 Jul 2025.
47 earlier events are in the company report.
Frequently asked questions
Aak India is an active private limited company based in Thane, Maharashtra, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 24 October 2002 (24+ years old) and is registered under CIN U15140MH2002PTC137681.
Aak India has 4 current directors:
- Sten Estrup Nielsen - Director
- Indranil Saha - Director
- Ganesh Ramrao Doifode - Director
- Cheeranjeev Ajmera - Director
The latest financial statements of Aak India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aak India is 27AACCK4395B1ZM, registered in Maharashtra. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 03AACCK4395B1ZW (Punjab), 07AACCK4395B1ZO (Delhi), 08AACCK4395B1ZM (Rajasthan).
The CIN (Corporate Identification Number) of Aak India is U15140MH2002PTC137681. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aak India has 34 court cases on record: 18 filed by the company and 16 filed against it. 8 are pending. Most are in the district courts.
Aak India was incorporated on 24 October 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Aak India has 9 deals on record (7 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.23 Cr; the latest was in November 2020.
The peers of Aak India by revenue are Vippy Industries Limited, Dhanuka Soya Private Limited, B. R. Oil Industries Private Limited, Vijay Solvex Limited, Tirumalla Oil Refinery Private Limited and 2 more, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Cheeranjeev Ajmera was appointed as Director on 16 Jul 2025. Dheeraj Talreja ceased to be Director on 16 Jul 2025. Ganesh Ramrao Doifode was appointed as Director on 22 Sep 2023. Aak India has 42 board changes on record in total.
Aak India has 14 MSME Form 1 returns on record between 2019 and 2024, listing 551 overdue payments to 86 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Aak India can be reached through the website aakkamani.com. Its registered office is in Thane, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
