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Ashirwad Equipments Private Limited - machinery and equipment in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹59.77 Cr
▲ 46% YoY
Net profit · FY 2024
₹1.57 Cr
Net margin 2.6%
EBITDA · FY 2024
₹2.86 Cr
EBITDA margin 4.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹37.01 Cr
Satisfied ₹1 Cr
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
About Ashirwad Equipments Private Limited
Data last updated:
Ashirwad Equipments Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 14 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U11100GJ2021PTC122579. Its GSTIN is 24AAVCA2172R1ZZ (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Atul Sudhirprasad Khaitan and Megha Atul Khaitan.
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 Shop No. G – 12 Sun Arcade Vesu Opp. Nandanvan – 2 Vip Road, Surat, Gujarat, India – 395007.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.77 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.57 Cr (net margin 2.6%) and EBITDA of ₹2.86 Cr (EBITDA margin 4.8%).
As per MCA filings, the company has open charges of ₹37.01 Cr and satisfied charges of ₹1 Cr on record. Court records list 22 cases involving the company, including 2 filed by the company and 20 filed against it; 8 cases are pending.
Ashirwad Equipments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0063967). For more details, the company can be reached via its website ashirwadequipments.in.
Company details
CIN U11100GJ2021PTC122579
Registration Number 122579
Incorporation Date 14 May 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0063967
Key People
Atul Sudhirprasad Khaitan Director Megha Atul Khaitan Director Vinod Ramamurthy Bhat Director Recognitions & Rankings of Ashirwad Equipments
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0063967
Contact details
Ashirwad Equipments Private Limited's registered office is in Surat, Gujarat. Its website is ashirwadequipments.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. G – 12 Sun Arcade Vesu Opp. Nandanvan – 2 Vip Road, Surat, Gujarat, India – 395007
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Ashirwad Equipments Private Limited, buy the company report.
Comprehensive company report
Ashirwad Equipments 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 Ashirwad Equipments 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 Ashirwad Equipments Private Limited, buy the company report.
Financials of Ashirwad Equipments Private Limited
FY 2025 filings availableAshirwad Equipments Private Limited reported revenue of ₹59.77 Cr (up 46% YoY) for FY 2024.
Revenue · FY 2024
₹59.77 Cr ▲ 46%
Net profit · FY 2024
₹1.57 Cr margin 2.6%
EBITDA · FY 2024
₹2.86 Cr margin 4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 46%
EBITDA CAGR growth
1 year
▲ 31%
Revenue rose 46% in the latest year. EBITDA rose 31% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹2.86 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.57 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.8% | ||
| Net Profit Margin | 2.6% | ||
| 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 Ashirwad Equipments Private Limited, buy the company report.
Board of directors of Ashirwad Equipments Private Limited
Ashirwad Equipments has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Sudhirprasad Khaitan | Director | 14 May 2021 | 5 Years 5 Months | Current |
| Megha Atul Khaitan | Director | 13 Aug 2022 | 4 Years 2 Months | Current |
| Vinod Ramamurthy Bhat | Director | 19 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Ashirwad Equipments Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Lpsis Private Limited | ₹60.6 Cr (FY 2024) | -3.0% | New Delhi, Delhi, India | |||
| Otic Hearing Solutions Private Limited | ₹60.25 Cr (FY 2024) | 7.0% | Navi Mumbai, Maharashtra, India | |||
| Shri Vignesh Air Conditioning Engineers Private Limited | ₹60.04 Cr (FY 2024) | -5.0% | Chennai, Tamil Nadu, India | |||
| Ashirwad Equipments Private Limitedthis company | ₹59.77 Cr (FY 2024) | ₹1.57 Cr | 2.6% | 46.0% | Surat, Gujarat, India | |
| Kotecha Steel Forge Private Limited | ₹59.47 Cr (FY 2021) | 54.0% | Rajkot, Gujarat, India | |||
| Advanced Pneumatics Private Limited | ₹59.45 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Sugarkart Technologies Private Limited | ₹58.89 Cr (FY 2024) | -72.0% | Delhi, India |
To see the full peer comparison of Ashirwad Equipments Private Limited, buy the company report.
Auditor
Ashirwad Equipments Private Limited is audited by MAC & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAC & CO | FY 2023 | 134119W |
Shareholding
The shareholding of Ashirwad Equipments Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ashirwad Equipments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.01 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2025 | 101120200 | Others | ₹4.82 Cr | Open | |
| 27 Sep 2024 | 101018819 | Others | ₹1.98 Cr | Open | |
| 27 Jul 2023 | 100780118 | Others | ₹14.98 Cr | Open | |
| 15 Jul 2023 | 100768977 | Others | ₹25 Lakh | Open | |
| 21 Nov 2022 | 100650214 | Others | ₹14.98 Cr | Open |
To see the full charge records of Ashirwad Equipments Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ashirwad Equipments Private Limited has 22 court cases on record: 2 filed by Ashirwad Equipments, 20 filed against it. 8 cases are pending and 14 are disposed.
Total cases
22
Filed by the company
2
Filed against the company
20
Pending
8
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 19 | 8 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by M/S Deepali Designs and Exhibits P Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Private Ltd | Disposed |
| Supreme Court | Court case (0433-Indirect Taxes Matters : Appeals u/s 35 L of Central Excise and Salt Act, 1944.) | Filed against the company by Commissioner of Customs and Central Excise and Service Tax Allahabad Commissioner of Customs and Central Excise and Service Tax Allahabad 38, M.G. Marg, Civil Lines ,Allahabad , Uttar Pradesh | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against Allahabad Bank Varanasi and Another | Disposed |
To see the full case history of Ashirwad Equipments 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
No delayed payments to MSME suppliers are on our record for Ashirwad Equipments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashirwad Equipments has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVCA2172R1ZZ | Gujarat | Active | 01 Jun 2021 |
| 27AAVCA2172R1ZT | Maharashtra | Active | 29 Aug 2022 |
To see the full GST registrations and return filing status of Ashirwad Equipments Private Limited, buy the company report.
Recent activity
Ashirwad Equipments Private Limited has 9 board changes on record since 2021: 6 appointments and 3 cessations. The latest: Yogesh Vinayak Chavan ceased to be Director on 01 Aug 2024.
Charges
A charge with Others of Rs. 1,498.00 Lakh registered on 21 Nov 2022 with Charge ID 100650214 was modified on 30 Oct 2025.
Charges
A charge with Others of Rs. 1,498.00 Lakh registered on 27 Jul 2023 with Charge ID 100780118 was modified on 29 Oct 2025.
AGM
Ashirwad Equipments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 481.70 Lakh with Charge ID 101120200 was registered on 27 Jun 2025.
Filing
Ashirwad Equipments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 198.00 Lakh with Charge ID 101018819 was registered on 27 Sep 2024.
Ceased
Yogesh Vinayak Chavan ceased to be Director.
Appointed
Vinod Ramamurthy Bhat was appointed as Director.
Charges
A charge registered on 18 Mar 2023 via Charge ID 100711900 with Others was fully satisfied on 09 Aug 2023.
Charges
A charge with Others amounted to Rs. 1,498.00 Lakh with Charge ID 100780118 was registered on 27 Jul 2023.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100768977 was registered on 15 Jul 2023.
Ceased
Sameer Vishnu Patil ceased to be Director.
9 earlier events are in the company report.
Frequently asked questions
Ashirwad Equipments is an active private limited company based in Surat, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 14 May 2021 (5+ years old) and is registered under CIN U11100GJ2021PTC122579.
Ashirwad Equipments has 3 current directors:
- Atul Sudhirprasad Khaitan - Director
- Megha Atul Khaitan - Director
- Vinod Ramamurthy Bhat - Director
The latest financial statements of Ashirwad Equipments 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 2022 are in the company report.
The GSTIN of Ashirwad Equipments is 24AAVCA2172R1ZZ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAVCA2172R1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Ashirwad Equipments is U11100GJ2021PTC122579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashirwad Equipments has 22 court cases on record: 2 filed by the company and 20 filed against it. 8 are pending. Most are in the district courts.
Ashirwad Equipments was incorporated on 14 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashirwad Equipments by revenue are Lpsis Private Limited, Otic Hearing Solutions Private Limited, Shri Vignesh Air Conditioning Engineers Private Limited, Kotecha Steel Forge Private Limited, Advanced Pneumatics Private Limited and 1 more, all in the Machinery and Equipment industry (Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading).
Yogesh Vinayak Chavan ceased to be Director on 01 Aug 2024. Vinod Ramamurthy Bhat was appointed as Director on 19 Sep 2023. Sameer Vishnu Patil ceased to be Director on 12 Jun 2023. Ashirwad Equipments has 9 board changes on record in total.
Yes, Ashirwad Equipments is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ashirwad Equipments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0063967).
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