About Aster Private Limited
Data last updated:
Aster Private Limited is a private limited company based in Hyderabad, Telangana, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the engineering, procurement and construction (epc) segment of the engineering sector. It was incorporated on 22 May 1998.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U32204TG1998PTC029457. Its GSTIN is 36AACCA5469L1ZB (Telangana). The company holds 40 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹236 Cr and a paid-up capital of ₹168.65 Cr. It was formerly known as Aster Tele Services Private Limited. It is led by directors Srinivasa Prasad Alapati (Whole-Time Director) and Mandha Bal Reddy.
Its last annual general meeting (AGM) was held on 31 March 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Plot No.141/1 Phase – II Ida Chrelapally, Hyderabad, Telangana, India – 500051.
As per the financials filed for FY 2020, the company reported a revenue of ₹41.22 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹326.36 Cr and EBITDA of -₹103.02 Cr (EBITDA margin -249.9%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 39% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aster India. As per MCA filings, the company has open charges of ₹3,572.85 Cr and satisfied charges of ₹801.99 Cr on record. Court records list 182 cases involving the company, including 46 filed by the company and 136 filed against it; 28 cases are pending. The company has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹141.84 Cr; the latest was in April 2015.
The last known website on record is asterco.in.
Company details
CIN history
Aster has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U32204TG1998PTC029457, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32204TG1998PTC029457 | Current |
| U32204AP1998PTC029457 | Previous |
| U41001TG1998PTC029457 | Previous |
Contact details
Aster Private Limited's registered office is in Hyderabad, Telangana. Its website is asterco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.141/1 Phase – II Ida Chrelapally, Hyderabad, Telangana, India – 500051
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Aster 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
Aster operates one associated brand: Aster India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of telecom infrastructure services | aster.in |
Business activity
The main business activities of Aster are manufacturing and construction. In detail, this covers metal and metal products and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Aster Private Limited, buy the company report.
Financials of Aster Private Limited
FY 2020 filings availableAster Private Limited reported revenue of ₹41.22 Cr (down 24% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 24% fall in the latest year. EBITDA rose 50% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹103.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹326.36 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -249.9% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Aster Private Limited, buy the company report.
Board of directors of Aster Private Limited
Aster has 2 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasa Prasad Alapati | Whole-Time Director | 19 Mar 2005 | 21 Years 7 Months | As last reported |
| Mandha Bal Reddy | Director | 05 Dec 2018 | 7 Years 10 Months | As last reported |
Auditor
Aster Private Limited is audited by Rao & Rao, Chartered Accountants for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rao & Rao, Chartered Accountants | FY 2020 | 003100S |
Shareholding
The shareholding of Aster Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aster Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2016 | 100038567 | Idbi Trusteeship Services Limited | ₹53.71 Cr | Open | |
| 29 Apr 2016 | 100038699 | Idbi Trusteeship Services Limited | ₹53.71 Cr | Open | |
| 05 Mar 2015 | 10566360 | Idbi Trusteeship Services Limited | ₹1,212.17 Cr | Open | |
| 05 Mar 2015 | 10566357 | Others | ₹1,265.88 Cr | Open | |
| 26 Apr 2013 | 10427271 | Axis Bank Limited | ₹54 Cr | Open |
To see the full charge records of Aster Private Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Aster Private Limited has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹141.84 Cr; the latest was in April 2015.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2015 | Funding round | ₹21.84 Cr | Investors: Micropart International Limited |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: Ideamax Consultancy Services Private Limited Seller: 2 individuals |
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: Aster Members Welfare Trust Seller: an individual |
To see the full deal history of Aster 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
Aster Private Limited has 182 court cases on record: 46 filed by Aster, 136 filed against it. 28 cases are pending and 154 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 102 | 86 | 7 |
| High courts | 57 | 30 | 12 |
| NCLAT | 16 | 14 | 9 |
| NCLT | 5 | 4 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 182)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Powergrid Corporation of India Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Powergrid Corporation of India Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Jaguar Overseas Limited | Pending |
| High Court, TELANGANA | Appeal | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Yes Bank Limited, and 3 others | Pending |
To see the full case history of Aster 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
Aster Private Limited was last rated by Indiarating on 28 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 28 May 2021 |
To see the full credit ratings and regulatory alerts of Aster Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aster Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Aster has 1 joint venture. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
Employees & EPFO
Aster Private Limited has a workforce of 12 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
GST
Aster has 40 GST registrations: 3 active and 37 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCA5469L1ZB | Telangana | Active | 01 Jul 2017 |
| 36AACCA5469L2ZA | Telangana | Active | 19 Feb 2026 |
| 24AACCA5469L3ZE | Gujarat | Active | 22 Jan 2026 |
To see the full GST registrations and return filing status of Aster Private Limited, buy the company report.
Recent activity
Aster Private Limited has 24 board changes on record since 2005: 2 appointments and 22 cessations. The latest: Vishnu Chavda ceased to be Company Secretary on 31 Dec 2019.
88 earlier events are in the company report.
Frequently asked questions
Aster is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Aster is a company under liquidation, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in engineering, procurement and construction (epc), within the engineering industry. It was incorporated on 22 May 1998 and is registered under CIN U32204TG1998PTC029457. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aster has 2 current directors:
- Srinivasa Prasad Alapati - Whole-Time Director
- Mandha Bal Reddy - Director
The latest financial statements of Aster on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 March 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aster is U32204TG1998PTC029457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aster has open charges of ₹3,572.85 Cr and satisfied charges of ₹801.99 Cr as per latest MCA filings.
Aster has 182 court cases on record: 46 filed by the company and 136 filed against it. 28 are pending. Most are in the district courts.
Aster was incorporated on 22 May 1998. It is registered with the Registrar of Companies, Hyderabad.
Aster has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹141.84 Cr; the latest was in April 2015.
Vishnu Chavda ceased to be Company Secretary on 31 Dec 2019. Mandha Bal Reddy ceased to be Additional Director on 13 Dec 2018. Gaddam Kuleswara Reddy ceased to be Director on 05 Dec 2018. Aster has 24 board changes on record in total.
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