MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-TS-02-0006872
Ayushman Merchants Private Limited - metals and minerals in Secunderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹172.07 Cr
▲ 48% YoY
Net profit · FY 2025
₹88.19 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹6.2 Cr
EBITDA margin 3.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.75 Cr
Issued & subscribed
Open charges
₹50.77 Cr
Satisfied ₹20.04 Cr
Company age
19 yrs
Est. 2007
Directors on board
5
As per MCA filings
About Ayushman Merchants Private Limited
Data last updated:
Ayushman Merchants Private Limited is a private limited company based in Secunderabad, Telangana, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 16 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U51909TG2007PTC097280. Its GSTIN is 36AAGCA6626B1ZZ (Telangana). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.75 Cr. It is led by directors including Chirag Dugar and Rajesh Chandanmal Dugar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Secunderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹172.07 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹88.19 Lakh (net margin 0.5%) and EBITDA of ₹6.2 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
The company is associated with 1 brand: Dugar Group. As per MCA filings, the company has open charges of ₹50.77 Cr and satisfied charges of ₹20.04 Cr on record. Court records list 17 cases involving the company, including 17 filed by the company; 8 cases are pending.
Ayushman Merchants Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0006872). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dugargroup.net.
Company details
CIN U51909TG2007PTC097280
Registration Number 097280
Incorporation Date 16 October 2007
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0006872
CIN history
Ayushman Merchants has one previous CIN (Corporate Identification Number): U51909WB2007PTC119707. The current CIN is U51909TG2007PTC097280, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909TG2007PTC097280 | Current |
| U51909WB2007PTC119707 | Previous |
Recognitions & Rankings of Ayushman Merchants
Contact details
Ayushman Merchants Private Limited's registered office is in Secunderabad, Telangana. Its website is dugargroup.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressP/1 Of 5th Floor Plot No. 10 & 11 Shyam Arihant Mch No. 1 – 8 – 304 To 307/10 Pattigada Roa, D, Secunderabad, Telangana, India – 500003
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Ayushman Merchants Private Limited, buy the company report.
Comprehensive company report
Ayushman Merchants 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ayushman Merchants operates one associated brand: Dugar Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures plastic raw materials, additives, products, and packaging solutions for industries. | dugargroup.net |
Business activity
The main business activity of Ayushman Merchants 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 Ayushman Merchants Private Limited, buy the company report.
Financials of Ayushman Merchants Private Limited
FY 2024 filings availableAyushman Merchants Private Limited reported revenue of ₹172.07 Cr (up 48% YoY) for FY 2025.
Revenue · FY 2025
₹172.07 Cr ▲ 48%
Net profit · FY 2025
₹88.19 Lakh margin 0.5%
EBITDA · FY 2025
₹6.2 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 11%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 9%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 48% growth in the latest year. EBITDA rose 16% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹6.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹88.19 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Ayushman Merchants Private Limited, buy the company report.
Board of directors and KMP of Ayushman Merchants Private Limited
Ayushman Merchants Private Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Dugar Also directs: Procurepoint Private Limited, Ayushman Solutions Private Limited, Ray Fresh Consumer Technologies Private Limited and 1 more | Director | 16 Jun 2016 | 10 Years 4 Months | Current |
| Rajesh Chandanmal Dugar | Director | 13 Feb 2009 | 17 Years 8 Months | Current |
| Manoj Kumar Dugar | Director | 13 Feb 2009 | 17 Years 8 Months | Current |
| Divay Dugar Also directs: Dugar Coatech Private Limited, Duwrap Greenpac Limited | Director | 13 Dec 2016 | 9 Years 10 Months | Current |
| Vijay Sushil Kumar Surana | Cfo | 22 May 2019 | 7 Years 5 Months | Current |
Peer comparison
Ayushman Merchants Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| HG Chemicle Private Limited | ₹172.43 Cr (FY 2024) | 280.0% | Hyderabad, Telangana, India | |||
| J.S. Solartech India Private Limited | ₹172.36 Cr (FY 2025) | 67.0% | Delhi, India | |||
| Krishna Upasana Manufacturing Private Limited. | ₹172.21 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Dhara Foods Private Limited | ₹172.15 Cr (FY 2025) | 37.0% | Anand, Gujarat, India | |||
| Gennext Abasan Private Limited | ₹172.12 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Ayushman Merchants Private Limitedthis company | ₹172.07 Cr (FY 2025) | ₹88.19 Lakh | 0.5% | 48.0% | Secunderabad, Telangana, India | |
| Ajitnath Exports Private Limited | ₹172.04 Cr (FY 2025) | 217.0% | Surat, Gujarat, India | |||
| Healthy Life Agritec Limited | ₹171.87 Cr (FY 2025) | 29.0% | Thane, Maharashtra, India | |||
| Shree Hanuman Steels & Structures Private Limited | ₹171.81 Cr (FY 2025) | 28.0% | Delhi, India | |||
| Rehvar Infrastructure Private Limited | ₹171.75 Cr (FY 2025) | -45.0% | Ahmedabad, Gujarat, India | |||
| Kalinga Breeding Farms Private Limited | ₹171.67 Cr (FY 2025) | 77.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ayushman Merchants Private Limited, buy the company report.
Auditor
Ayushman Merchants Private Limited is audited by Kathotia & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kathotia & Co | FY 2023 | 323627E |
Shareholding
The shareholding of Ayushman Merchants 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 Ayushman Merchants Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50.77 Cr
Satisfied charges
₹20.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2024 | 101023408 | Others | ₹7 Cr | Open | |
| 13 Jan 2023 | 100681926 | Hdfc Bank Limited | ₹54 Lakh | Open | |
| 25 May 2022 | 100578893 | Hdfc Bank Limited | ₹43 Cr | Open | |
| 06 Sep 2021 | 100478588 | Others | ₹23 Lakh | Open | |
| 25 Sep 2013 | 10453621 | State Bank of India | ₹20 Cr | Satisfied |
To see the full charge records of Ayushman Merchants Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ayushman Merchants Private Limited has 17 court cases on record: 17 filed by Ayushman Merchants. 8 cases are pending and 9 are disposed.
Total cases
17
Filed by the company
17
Pending
8
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 0 | 7 |
| High courts | 2 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Civil suit | Filed by the company against K P R Pipes Pvt Ltd and 2 others | Pending |
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed by the company against Kanthamaney Polymer Pvt Ltd Rep by Its MD Ravi Chandra and 2 others | Pending |
| District court, Hyderabad Central, Telangana | Civil suit | Filed by the company against Jaju Chem Drops Pvt Limited and 2 others | Pending |
| High Court, TELANGANA | Appeal | Filed by the company against M/S.Jalabindu Irrigation Systems Pvt. Ltd and 3 others | Pending |
| District court, Hyderabad CCC, Telangana | Court case (CC.NI) | Filed by the company against Kanthamaney Polymer Pvt Ltd Rep by Ravi Chander | Pending |
To see the full case history of Ayushman Merchants 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
Ayushman Merchants Private Limited was last rated by Icra on 31 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Jan 2022 |
To see the full credit ratings and regulatory alerts of Ayushman Merchants Private Limited, buy the company report.
MSME payment delays
Ayushman Merchants Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2021, listing 5 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Basudeo Enterprises Private Limited | |||
| Visura (India) Limited | |||
| Dugar Polymers Limited |
To see the full MSME payment records of Ayushman Merchants Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ayushman Merchants has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCA6626B1ZZ | Telangana | Active | 01 Jul 2017 |
| 21AAGCA6626B2Z9 | Odisha | Active | 01 Jul 2017 |
| 37AAGCA6626B1ZX | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ayushman Merchants Private Limited, buy the company report.
Recent activity
Ayushman Merchants Private Limited has 11 board changes on record since 2009: 5 appointments and 6 cessations. The latest: Vijay Sushil Kumar Surana was appointed as CFO on 22 May 2019.
Charges
A charge with Hdfc Bank Limited of Rs. 43.00 Cr registered on 25 May 2022 with Charge ID 100578893 was modified on 25 Sep 2025.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 101023408 was registered on 10 Dec 2024.
AGM
Ayushman Merchants Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ayushman Merchants Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.54 Cr with Charge ID 100681926 was registered on 13 Jan 2023.
Charges
A charge registered on 23 Mar 2011 via Charge ID 10282511 with State Bank Of India was fully satisfied on 08 Sep 2022.
Charges
A charge with State Bank Of India of Rs. 0.04 Cr registered on 23 Mar 2011 with Charge ID 10282511 was modified on 16 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 43.00 Cr with Charge ID 100578893 was registered on 25 May 2022.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 100478588 was registered on 06 Sep 2021.
Appointed
Vijay Sushil Kumar Surana was appointed as CFO.
Ceased
Divay Dugar ceased to be Additional Director.
Charges
A charge registered on 25 Sep 2013 via Charge ID 10453621 with State Bank Of India was fully satisfied on 16 Jan 2017.
12 earlier events are in the company report.
Frequently asked questions
Ayushman Merchants is an active private limited company based in Secunderabad, Telangana, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 16 October 2007 (19+ years old) and is registered under CIN U51909TG2007PTC097280.
Ayushman Merchants has 5 current directors and KMP:
- Chirag Dugar - Director
- Rajesh Chandanmal Dugar - Director
- Manoj Kumar Dugar - Director
- Divay Dugar - Director
- Vijay Sushil Kumar Surana - Cfo
The latest financial statements of Ayushman Merchants on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ayushman Merchants is 36AAGCA6626B1ZZ, registered in Telangana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 21AAGCA6626B2Z9 (Odisha), 37AAGCA6626B1ZX (Andhra Pradesh).
The CIN (Corporate Identification Number) of Ayushman Merchants is U51909TG2007PTC097280. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ayushman Merchants has 17 court cases on record: 17 filed by the company. 8 are pending. Most are in the district courts.
Ayushman Merchants was incorporated on 16 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Ayushman Merchants by revenue are HG Chemicle Private Limited, J.S. Solartech India Private Limited, Krishna Upasana Manufacturing Private Limited, Dhara Foods Private Limited, Gennext Abasan Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Vijay Sushil Kumar Surana was appointed as CFO on 22 May 2019. Divay Dugar ceased to be Additional Director on 29 Sep 2017. Divay Dugar was appointed as Director on 13 Dec 2016. Ayushman Merchants has 11 board changes on record in total.
Yes, Ayushman Merchants is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0006872).
Ayushman Merchants has 3 MSME Form 1 returns on record for the period ending Sep 2021, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 27 Oct 2021.
Ayushman Merchants can be reached through the website dugargroup.net. Its registered office is in Secunderabad, Telangana, India.