About Shobha Asars Private Limited
Data last updated: 26 July 2025
Shobha Asars Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in watches and jewelry manufacturing, a part of the broader consumer goods sector. Incorporated on 22 May 2008, the company has been in operation for over 18 years.
Registered with ROC Mumbai under CIN U36996MH2008PTC182521.
Capital: an authorised share capital of ₹9.69 Cr and a paid-up capital of ₹9.6 Cr. Formerly known as Shobha Asar Jewellery Private Limited. It is led by directors including Shobha Haresh Asar and Haresh Dwarkadas Asar.
Last AGM: 29 September 2018. Financial statements filed for year ended 31 March 2018. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹76.99 Cr, a growth of 4% compared to the previous year.
The company has a workforce of approximately 69 employees as per the latest available data.
The company is associated with 2 brands - Shobha Asars, Satebet. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹44 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is shobhaasar.com.
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Registered AddressFlat No. 401/402 4Th Floor Prasad Chambers Tata Road No.2 Charni Road (East) Opera Hous, E Girgaon, Mumbai, Maharashtra, India – 400004
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IndustryConsumer Goods, Watches & Jewelry Manufacturing
- 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
Associated Brands with Shobha Asars Private Limited
Shobha Asars Private Limited operates two associated brands: Shobha Asars and Satebet. These brands represent Shobha Asars Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality furniture products. | shobhaasars.com | |
| Online gaming platform providing bonuses and promotions for users in Pakistan. | shobhaasar.com |
Competitors & Alternatives of Shobha Asars Private Limited
Brands and companies operating in the same space as Shobha Asars Private Limited include Nestasia, Fabindia, La-Z-Boy and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Nestasia
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Internet-first brand of multi-category home improvement products | Kolkata, India, India | 2018 |
Fabindia
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Internet first brand of ethnic wear, home furniture, and home decor products | Delhi, India, India | 1960 |
La-Z-Boy
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Home furniture is manufactured and retailed by La-Z-Boy. | Chicago, United States, United States | 1928 |
10Club
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Multi-category home products are offered through an internet-first platform. | Bengaluru, India, India | 2020 |
Pelican Essentials
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Internet first brand offering furniture products | Bengaluru, India, India | 2018 |
Durian
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Brand of home & office furniture and decor products | Mumbai, India, India | 1985 |
Knoll
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Modern furniture for homes and offices is designed and manufactured. | East Greenville, United States, United States | 1938 |
Chumbak
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Internet first brand of apparel for women | Bengaluru, India, India | 2009 |
Ellementry
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Handmade home improvement products are sold online through Ellementry. | Jaipur, India, India | 2018 |
Business Activity of Shobha Asars Private Limited
Shobha Asars Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
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| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details for Shobha Asars Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Shobha Asars Private Limited
Shobha Asars Private Limited is audited by S S JHUNJHUNWALA & CO for the financial year 2018. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S S JHUNJHUNWALA & CO | Locked | Locked | Locked |
Complete auditor history for Shobha Asars Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors of Shobha Asars Private Limited
Shobha Asars Private Limited is currently managed by 3 directors, with 7 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 |
|---|---|---|---|---|
| Shobha Haresh Asar | Additional Director | 30 Sep 2019 | 6 Years 9 Months | As last reported |
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Haresh Dwarkadas Asar
Also directs:
Zyrex Enterprise Private Limited
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Additional Director | 24 Sep 2019 | 6 Years 10 Months | As last reported |
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Sidaarth H Asar
Also directs:
Zyrex Enterprise Private Limited
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Director | 06 Apr 2018 | 8 Years 3 Months | As last reported |
Financials of Shobha Asars Private Limited FY 2018 filings available
Shobha Asars Private Limited reported revenue of ₹76.99 Cr (up 4.00% YoY) for FY 2018.
Ten-year financial statements for Shobha Asars Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Shobha Asars Private Limited
Shareholding and ownership data for Shobha Asars Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Charges & Borrowings of Shobha Asars Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2018 | Others | ₹30 Cr | Open |
| 29 Sep 2016 | Others | ₹2 Cr | Satisfied |
| 29 Sep 2016 | Others | ₹22 Cr | Satisfied |
| 27 Apr 2011 | Reliance Home Finance Private Limited | ₹75 Lakh | Satisfied |
| 05 Jan 2009 | Kotak Mahindra Bank Limited | ₹1.25 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Shobha Asars Private Limited
Shobha Asars Private Limited has a workforce of 69 employees as of Apr 04, 2024.
Employee and EPFO history for Shobha Asars Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Shobha Asars Private Limited
GST registrations and filing compliance for Shobha Asars Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Shobha Asars Private Limited
Credit ratings, litigation, and regulatory alerts for Shobha Asars Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Shobha Asars Private Limited
MSME payment history for Shobha Asars Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Shobha Asars Private Limited
Corporate group structure for Shobha Asars Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Shobha Asars Private Limited
MCA filings and documents for Shobha Asars Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Shobha Asars Private Limited
Frequently Asked Questions about Shobha Asars Private Limited
Shobha Asars Private Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Shobha Asars Private Limited is a company under insolvency, formerly operating as a private limited company in the consumer goods sector based in Mumbai, Maharashtra, India. It was incorporated on 22 May 2008 and is registered under CIN U36996MH2008PTC182521. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shobha Asars Private Limited reported revenue of ₹76.99 Cr for FY 2018 (up 4.00% YoY).
The current directors of Shobha Asars Private Limited are:
- Shobha Haresh Asar - Additional Director
- Haresh Dwarkadas Asar - Additional Director
- Sidaarth H Asar - Director
The CIN (Corporate Identification Number) of Shobha Asars Private Limited is U36996MH2008PTC182521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shobha Asars Private Limited has open charges of ₹30 Cr and satisfied charges of ₹44 Cr as per latest MCA filings.