About Sarthak Industries Limited
Data last updated: 06 March 2026
Sarthak Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in agricultural products distribution, a part of the broader agriculture sector. Incorporated on 23 December 1982, the company has been in operation for over 44 years.
Registered with ROC Mumbai under CIN L99999MH1982PLC136834. Listed on BSE: 531930.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹9.29 Cr. Formerly known as Avanti Lpg (India) Limited and Malav Metals Private Limited. It is led by directors including Nimishek Ved and Deepika Arora.
Last AGM: 16 September 2025. Financial statements filed for year ended 31 March 2025. Office: Room No. 4 Anna Bhuvan 3Rd Floor 87C Devji Ratansi Marg Dana Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2023, the company reported a revenue of ₹61.65 Cr, a decline of 62.89% compared to the previous year.
The company has a workforce of approximately 22 employees as per the latest available data.
The company is associated with 1 brand - Sarthak Industries. As per MCA filings, the company has open charges of ₹44.62 Cr and satisfied charges of ₹71.35 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sarthakindustries.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressRoom No. 4 Anna Bhuvan 3Rd Floor 87C Devji Ratansi Marg Dana Bunder, Mumbai, Maharashtra, India – 400009
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IndustryAgriculture, Agro Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Sarthak Industries Limited
Sarthak Industries Limited has undergone 2 name changes throughout its history. The company was previously known as Avanti Lpg (India) Limited, and Malav Metals Private Limited. The current legal name is Sarthak Industries Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Sarthak Industries Limited | Current |
| Avanti Lpg (India) Limited | Previous |
| Malav Metals Private Limited | Previous |
CIN History of Sarthak Industries Limited
Sarthak Industries Limited has one previous CIN (Corporate Identification Number): L99999MH2002PLC136834. The current CIN is L99999MH1982PLC136834, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1982PLC136834 | Current |
| L99999MH2002PLC136834 | Previous |
Associated Brands with Sarthak Industries Limited
Sarthak Industries Limited operates one associated brand: Sarthak Industries. These brands represent Sarthak Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| LPG cylinders are manufactured for oil, petroleum, and private companies. | sarthakindustries.com |
Business Activity of Sarthak Industries Limited
Sarthak Industries Limited operates primarily in the manufacturing and trade sectors. The company has 2 registered business activity segments, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| ********* | Manufacturing | ********* | Metal and metal products | ********* |
| ********* | Trade | ********* | Wholesale Trading | ********* |
Auditor Details of Sarthak Industries Limited
Sarthak Industries Limited is audited by M/s. ASHOK KHASGIWALA & CO. LLP (ICAI peer reviewed, certificate valid till 2026-08-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. ASHOK KHASGIWALA & CO. LLP (ICAI peer reviewed, certificate valid till 2026-08-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Sarthak Industries Limited
Sarthak Industries Limited is currently managed by 7 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimishek Ved | Director | 27 Nov 2017 | 8 Years 7 Months | Current |
| Deepika Arora | Director | 16 Mar 2015 | 11 Years 3 Months | Current |
|
Ankita Sethi Hasmukhdas
Also directs:
Prismx Global Ventures Limited
|
Director | 01 Aug 2023 | 2 Years 11 Months | Current |
|
Shashikant Padgil
Also directs:
Nirvana Housing Private Limited, Brightstar Infrastructure Private Limited, Nuera Housing Private Limited and 5 more
|
Director | 01 Aug 2023 | 2 Years 11 Months | Current |
| Ajay Peshkar | Whole-Time Director | 19 May 2023 | 3 Years 1 Months | Current |
Financials of Sarthak Industries Limited FY 2026 filings available
Sarthak Industries Limited reported revenue of ₹282.18 Cr (up 38.1% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹282.18 Cr | ₹204.34 Cr | ₹30.43 Cr | ₹58.28 Cr | ₹163.65 Cr | ₹133.54 Cr | ₹95.56 Cr | ₹111.96 Cr |
| Other Income | ₹3.55 Cr | ₹1.77 Cr | ₹3.5 Cr | ₹3.37 Cr | ₹2.48 Cr | ₹1.77 Cr | ₹6.19 Cr | ₹1.45 Cr |
| Total Income | ₹285.73 Cr | ₹206.1 Cr | ₹33.93 Cr | ₹61.65 Cr | ₹166.12 Cr | ₹135.31 Cr | ₹101.75 Cr | ₹113.4 Cr |
| Cost of Materials Consumed | ₹3.89 Cr | ₹18.09 Cr | ₹11.92 Cr | ₹12.26 Cr | ₹22.52 Cr | ₹15.67 Cr | ₹10.01 Cr | ₹22 Cr |
| Purchases of Stock-in-Trade | ₹271.05 Cr | ₹190.77 Cr | ₹16.34 Cr | ₹39.23 Cr | ₹126.22 Cr | ₹108.72 Cr | ₹75.56 Cr | ₹84.04 Cr |
| Changes in Inventories | -₹8.82 Cr | -₹15.96 Cr | -₹97.43 Lakh | ₹1.07 Cr | ₹3.5 Cr | -₹3.09 Cr | ₹1.61 Cr | -₹3.91 Cr |
| Employee Benefit Expense | ₹2.71 Cr | ₹2.57 Cr | ₹1.76 Cr | ₹2.16 Cr | ₹2.69 Cr | ₹2.6 Cr | ₹2.55 Cr | ₹2.78 Cr |
| Finance Costs | ₹2.08 Cr | ₹1.22 Cr | ₹68.47 Lakh | ₹93.81 Lakh | ₹1.23 Cr | ₹91.92 Lakh | ₹1.19 Cr | ₹1.6 Cr |
| Depreciation & Amortisation | ₹28.24 Lakh | ₹35.77 Lakh | ₹48.33 Lakh | ₹70.88 Lakh | ₹80.19 Lakh | ₹66.36 Lakh | ₹44.94 Lakh | ₹71.32 Lakh |
| Other Expenses | ₹10.59 Cr | ₹5.33 Cr | ₹2.83 Cr | ₹4.25 Cr | ₹6.87 Cr | ₹6.88 Cr | ₹5.29 Cr | ₹4.99 Cr |
| Total Expenses | ₹281.79 Cr | ₹202.37 Cr | ₹33.04 Cr | ₹60.62 Cr | ₹163.84 Cr | ₹132.37 Cr | ₹96.66 Cr | ₹112.22 Cr |
| Profit Before Exceptional Items & Tax | ₹3.94 Cr | ₹3.73 Cr | ₹89.54 Lakh | ₹1.03 Cr | ₹2.28 Cr | ₹2.94 Cr | ₹5.09 Cr | ₹1.19 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹1.08 Cr | ₹0 |
| Profit Before Tax | ₹3.94 Cr | ₹3.73 Cr | ₹89.54 Lakh | ₹1.03 Cr | ₹2.28 Cr | ₹2.94 Cr | ₹4.01 Cr | ₹1.19 Cr |
| Total Tax Expense | ₹46.43 Lakh | ₹90.45 Lakh | ₹21.94 Lakh | ₹27.53 Lakh | ₹60.51 Lakh | ₹84.78 Lakh | ₹1.3 Cr | ₹73.6 Lakh |
| Net Profit | ₹3.48 Cr | ₹2.83 Cr | ₹67.6 Lakh | ₹75.9 Lakh | ₹1.68 Cr | ₹2.09 Cr | ₹2.71 Cr | ₹44.91 Lakh |
| Other Comprehensive Income | ₹1.5 Lakh | -₹86.4 Lakh | ₹72.2 Lakh | -₹1.44 Cr | ₹20.97 Lakh | ₹96.25 Lakh | -₹68.19 Lakh | -₹6.54 Lakh |
| Total Comprehensive Income | ₹3.5 Cr | ₹1.96 Cr | ₹1.4 Cr | -₹68.25 Lakh | ₹1.89 Cr | ₹3.05 Cr | ₹2.03 Cr | ₹38.37 Lakh |
| EBITDA (computed) | ₹6.3 Cr | ₹5.31 Cr | ₹2.06 Cr | ₹2.68 Cr | ₹4.31 Cr | ₹4.52 Cr | ₹6.73 Cr | ₹3.5 Cr |
| Basic EPS | ₹3.75 | ₹3.04 | ₹0.73 | ₹0.82 | ₹2.41 | ₹3.00 | ₹3.89 | ₹0.64 |
| Diluted EPS | ₹3.75 | ₹3.04 | ₹0.73 | ₹0.82 | ₹2.41 | ₹3.00 | ₹3.89 | ₹0.64 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹106.35 Cr | ₹72.91 Cr | ₹54.96 Cr | ₹68.93 Cr | ₹79.08 Cr | ₹69.93 Cr | ₹61.4 Cr | ₹79.84 Cr |
| Non-current Assets | ₹15.12 Cr | ₹15.15 Cr | ₹15.47 Cr | ₹20.25 Cr | ₹26.15 Cr | ₹20.65 Cr | ₹9.96 Cr | ₹19.55 Cr |
| Current Assets | ₹91.23 Cr | ₹57.76 Cr | ₹39.49 Cr | ₹48.68 Cr | ₹52.94 Cr | ₹49.27 Cr | ₹51.44 Cr | ₹45.72 Cr |
| Property, Plant & Equipment | ₹3.27 Cr | ₹3.5 Cr | ₹3.84 Cr | ₹4.31 Cr | ₹4.8 Cr | ₹3.51 Cr | ₹3.38 Cr | ₹8.81 Cr |
| Inventories | ₹29.84 Cr | ₹20.5 Cr | ₹4.36 Cr | ₹4.28 Cr | ₹6.91 Cr | ₹9.36 Cr | ₹6.68 Cr | ₹8.18 Cr |
| Trade Receivables | ₹41.92 Cr | ₹12.77 Cr | ₹2.84 Cr | ₹17.91 Cr | ₹16.58 Cr | ₹13.76 Cr | ₹20.49 Cr | ₹20.82 Cr |
| Cash & Equivalents | ₹5.74 Lakh | ₹5.97 Cr | ₹1.94 Cr | ₹88.65 Lakh | ₹1.4 Cr | ₹86.49 Lakh | ₹2.47 Cr | ₹1.22 Cr |
| Equity (Net Worth) | ₹45.67 Cr | ₹42.17 Cr | ₹40.21 Cr | ₹38.81 Cr | ₹39.49 Cr | ₹37.61 Cr | ₹34.55 Cr | ₹32.52 Cr |
| Equity Share Capital | ₹9.29 Cr | ₹9.29 Cr | ₹9.29 Cr | ₹9.29 Cr | ₹6.97 Cr | ₹6.97 Cr | ₹6.97 Cr | ₹6.97 Cr |
| Borrowings (Non-current) | ₹0 | ₹32.64 Lakh | ₹41.96 Lakh | ₹57.98 Lakh | ₹82.81 Lakh | ₹48.17 Lakh | ₹28.92 Lakh | ₹11.37 Lakh |
| Borrowings (Current) | ₹14.42 Cr | ₹5.09 Cr | ₹1.35 Cr | ₹2.52 Cr | ₹2.73 Cr | ₹0 | ₹0 | ₹2.68 Cr |
| Total Debt (computed) | ₹14.42 Cr | ₹5.42 Cr | ₹1.77 Cr | ₹3.1 Cr | ₹3.55 Cr | ₹48.17 Lakh | ₹28.92 Lakh | ₹2.79 Cr |
| Current Liabilities | ₹60.6 Cr | ₹30.35 Cr | ₹14.28 Cr | ₹29.5 Cr | ₹38.74 Cr | ₹31.81 Cr | ₹26.52 Cr | ₹36.79 Cr |
| Total Liabilities | ₹60.68 Cr | ₹30.74 Cr | ₹14.75 Cr | ₹30.12 Cr | ₹39.59 Cr | ₹32.32 Cr | ₹26.85 Cr | ₹47.32 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹22.32 Cr | -₹14.85 Cr | -₹2.02 Cr | -₹7.69 Cr | ₹2.48 Cr |
| Investing Cash Flow | ₹9.47 Cr | ₹16.45 Cr | ₹5.09 Cr | ₹8.9 Cr | -₹3.83 Cr |
| Financing Cash Flow | ₹6.93 Cr | ₹2.43 Cr | -₹2.02 Cr | -₹1.72 Cr | ₹1.9 Cr |
| Capital Expenditure | ₹6.5 Lakh | ₹1.51 Lakh | ₹83,000 | ₹63.53 Lakh | ₹5.77 Cr |
| Free Cash Flow (computed) | -₹22.38 Cr | -₹14.86 Cr | -₹2.03 Cr | -₹8.33 Cr | -₹3.29 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹5.92 Cr | ₹4.03 Cr | ₹1.06 Cr | -₹51.83 Lakh | ₹53.99 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹97.11 Cr | ₹43.23 Cr | ₹82.92 Cr | ₹58.93 Cr | ₹103.07 Cr | ₹61.49 Cr | ₹32.16 Cr | ₹7.62 Cr |
| Other Income | ₹3.06 Cr | ₹21.3 Lakh | ₹12.97 Lakh | ₹15.15 Lakh | ₹21.25 Lakh | ₹24.09 Lakh | ₹49.43 Lakh | ₹82.06 Lakh |
| Total Income | ₹100.16 Cr | ₹43.44 Cr | ₹83.05 Cr | ₹59.08 Cr | ₹103.28 Cr | ₹61.73 Cr | ₹32.65 Cr | ₹8.44 Cr |
| Cost of Materials Consumed | ₹1.17 Cr | ₹1.36 Cr | ₹23.96 Lakh | ₹1.12 Cr | ₹1.55 Cr | ₹3.25 Cr | ₹7.63 Cr | ₹5.65 Cr |
| Purchases of Stock-in-Trade | ₹104.76 Cr | ₹36.59 Cr | ₹75.19 Cr | ₹54.51 Cr | ₹107.14 Cr | ₹59.36 Cr | ₹24.04 Cr | ₹22.71 Lakh |
| Changes in Inventories | -₹12.7 Cr | ₹2.02 Cr | ₹1.05 Cr | ₹80.75 Lakh | -₹9.19 Cr | -₹4.96 Cr | -₹2.59 Cr | ₹78.7 Lakh |
| Employee Benefit Expense | ₹67.28 Lakh | ₹71.29 Lakh | ₹67.6 Lakh | ₹65.25 Lakh | ₹62.9 Lakh | ₹79.51 Lakh | ₹67.6 Lakh | ₹46.72 Lakh |
| Finance Costs | ₹66.83 Lakh | ₹41.84 Lakh | ₹58.8 Lakh | ₹40.03 Lakh | ₹67.98 Lakh | ₹22.46 Lakh | ₹18.48 Lakh | ₹13.13 Lakh |
| Depreciation & Amortisation | ₹7.15 Lakh | ₹7.22 Lakh | ₹6.94 Lakh | ₹6.93 Lakh | ₹8.95 Lakh | ₹9.03 Lakh | ₹8.9 Lakh | ₹8.89 Lakh |
| Other Expenses | ₹4.19 Cr | ₹1.69 Cr | ₹3.82 Cr | ₹89.55 Lakh | ₹1.48 Cr | ₹1.68 Cr | ₹1.42 Cr | ₹74.55 Lakh |
| Total Expenses | ₹98.83 Cr | ₹42.86 Cr | ₹81.63 Cr | ₹58.46 Cr | ₹102.38 Cr | ₹60.44 Cr | ₹31.44 Cr | ₹8.1 Cr |
| Profit Before Exceptional Items & Tax | ₹1.33 Cr | ₹57.68 Lakh | ₹1.42 Cr | ₹61.71 Lakh | ₹89.82 Lakh | ₹1.28 Cr | ₹1.21 Cr | ₹34.4 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1.33 Cr | ₹57.68 Lakh | ₹1.42 Cr | ₹61.71 Lakh | ₹89.82 Lakh | ₹1.28 Cr | ₹1.21 Cr | ₹34.4 Lakh |
| Total Tax Expense | -₹26.81 Lakh | ₹14.82 Lakh | ₹1.1 Cr | -₹51.92 Lakh | ₹21.13 Lakh | ₹24.33 Lakh | ₹32.88 Lakh | ₹9.14 Lakh |
| Net Profit | ₹1.6 Cr | ₹42.86 Lakh | ₹31.95 Lakh | ₹1.14 Cr | ₹68.69 Lakh | ₹1.04 Cr | ₹87.85 Lakh | ₹25.26 Lakh |
| Other Comprehensive Income | -₹15.94 Lakh | -₹16.71 Lakh | ₹12.24 Lakh | ₹21.91 Lakh | -₹85.92 Lakh | -₹29.68 Lakh | ₹27.48 Lakh | ₹1.72 Lakh |
| Total Comprehensive Income | ₹1.44 Cr | ₹26.15 Lakh | ₹44.19 Lakh | ₹1.36 Cr | -₹17.23 Lakh | ₹74.21 Lakh | ₹1.15 Cr | ₹26.98 Lakh |
| EBITDA (computed) | ₹2.07 Cr | ₹1.07 Cr | ₹2.08 Cr | ₹1.09 Cr | ₹1.67 Cr | ₹1.6 Cr | ₹1.48 Cr | ₹56.42 Lakh |
| Basic EPS | ₹1.72 | ₹0.46 | ₹0.34 | ₹1.22 | ₹0.74 | ₹1.12 | ₹0.95 | ₹0.27 |
| Diluted EPS | ₹1.72 | ₹0.46 | ₹0.34 | ₹1.22 | ₹0.74 | ₹1.12 | ₹0.95 | ₹0.27 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Cylinder Business | ₹1.58 Cr | -₹7.95 Lakh | ₹8.22 Cr | ₹57.56 Lakh |
| Trading Business | ₹95.57 Cr | ₹1.23 Cr | ₹84.26 Cr | ₹37.24 Cr |
| Unallocated- Others | ₹3.01 Cr | ₹85.02 Lakh | ₹13.87 Cr | ₹22.86 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Cylinder Business | ₹5.98 Cr | -₹32.59 Lakh | - | - |
| Trading Business | ₹276.38 Cr | ₹8.78 Cr | - | - |
| Unallocated- Others | ₹3.36 Cr | -₹2.43 Cr | - | - |
Shareholding Pattern of Sarthak Industries Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 35.81%, retail and other public shareholders hold 64.19% of Sarthak Industries Limited. The company had 3,017 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 35.81% | 36.21% | 36.21% | 36.27% | 36.27% | 36.27% |
| Public | 64.19% | 63.79% | 63.79% | 63.73% | 63.73% | 63.73% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 35.81% | 36.27% | 36.27% |
| Public | 64.19% | 63.73% | 63.73% |
| Promoter change (YoY, %pts) | -0.46 | +0.00 | - |
Charges & Borrowings of Sarthak Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2025 | Uco Bank | ₹19 Cr | Open |
| 17 Jun 2024 | State Bank of India | ₹20,000 | Open |
| 26 Aug 2021 | Others | ₹62 Lakh | Open |
| 05 Mar 2012 | Others | ₹25 Cr | Open |
| 22 Oct 2021 | Hdfc Bank Limited | ₹9.47 Lakh | Satisfied |
Total charge records: 17 View all charges
Employees and EPFO Compliance at Sarthak Industries Limited
Sarthak Industries Limited has a workforce of 22 employees as of Apr 09, 2024.
Employee Count & EPFO Data of Sarthak Industries Limited
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GST Compliance of Sarthak Industries Limited
GSTIN & GST Filing Data of Sarthak Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Sarthak Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Sarthak Industries Limited
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MSME Payment Delays by Sarthak Industries Limited
MSME Payment Delays by Sarthak Industries Limited
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Subsidiaries & Group Companies of Sarthak Industries Limited
Subsidiaries & Group Companies of Sarthak Industries Limited
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MCA Filings & Documents of Sarthak Industries Limited
MCA Filings & Documents of Sarthak Industries Limited
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Recent Activity on Sarthak Industries Limited
Frequently Asked Questions about Sarthak Industries Limited
Sarthak Industries Limited is an active public limited company in the agriculture sector based in Mumbai, Maharashtra, India. It was incorporated on 23 December 1982 (44+ years old) and is registered under CIN L99999MH1982PLC136834. Listed on BSE: 531930. The company has 22 employees.
Sarthak Industries Limited reported revenue of ₹61.65 Cr for FY 2023 (down 62.89% YoY).
The current directors of Sarthak Industries Limited are:
- Nimishek Ved
- Om Prakash Mundra
- Deepika Arora
- Ankita Sethi Hasmukhdas
- Shashikant Padgil
- Ajay Peshkar
- Riya Bhandari
The primary industry of Sarthak Industries Limited is agriculture. The company specifically operates in agro retail and distribution. The company is currently active in this sector.
Yes. Sarthak Industries Limited is listed on BSE with code 531930.
Sarthak Industries Limited can be reached at the registered office: Room No. 4 Anna Bhuvan 3Rd Floor 87C Devji Ratansi Marg Dana Bunder, Mumbai, Maharashtra, India – 400009, or through the website sarthakindustries.com.