MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0000105
Asahi Tennants Color Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.79 Cr
▲ 27% YoY
Net loss · FY 2025
₹5.92 Cr
Net margin -8.4%
EBITDA · FY 2025
₹1.11 Cr
EBITDA margin 1.6%
Authorised capital
₹80 Cr
Registered with MCA
Paid-up capital
₹72.68 Cr
Issued & subscribed
Open charges
₹31.8 Cr
Satisfied ₹50.12 Cr
Company age
7 yrs
Est. 2019
Directors on board
8
As per MCA filings
About Asahi Tennants Color Private Limited
Data last updated:
Asahi Tennants Color Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Asahi Songwon Colors Limited. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 25 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24290GJ2019PTC110526. Its GSTIN is 24AASCA8662P1ZR (Gujarat).
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹72.68 Cr. It is led by directors including Gokul Mrugesh Jaykrishna (Managing Director) and Miteshkumar Nandubhai Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Asahi House 20 Times Corporate Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.79 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹5.92 Cr (net margin -8.4%) and EBITDA of ₹1.11 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 94% over three years.
As per MCA filings, the company has open charges of ₹31.8 Cr and satisfied charges of ₹50.12 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹95.18 Cr; the latest was in August 2020. Its 5 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 3 smaller; the largest is Maheshraj Chemicals Private Limited with revenue of ₹71.86 Cr.
Asahi Tennants Color Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0000105). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asahitennantscolorprivatelimited.business.site.
Company details
CIN U24290GJ2019PTC110526
Registration Number 110526
Incorporation Date 25 October 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Asahi Songwon Colors Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0000105
Key People
Gokul Mrugesh Jaykrishna Managing Director Miteshkumar Nandubhai Patel Whole-Time Director Michael Gary Hughes Director Recognitions & Rankings of Asahi Tennants Color
Contact details
Asahi Tennants Color Private Limited's registered office is in Ahmedabad, Gujarat. Its website is asahitennantscolorprivatelimited.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAsahi House 20 Times Corporate Park, Thaltej – Shilaj Road, Ahmedabad, Gujarat, India – 380059
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Asahi Tennants Color Private Limited, buy the company report.
Comprehensive company report
Asahi Tennants Color 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 Asahi Tennants Color is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Asahi Tennants Color Private Limited, buy the company report.
Financials of Asahi Tennants Color Private Limited
FY 2025 filings availableAsahi Tennants Color Private Limited reported revenue of ₹70.79 Cr (up 27% YoY) for FY 2025.
Revenue · FY 2025
₹70.79 Cr ▲ 27%
Net loss · FY 2025
₹5.92 Cr margin -8.4%
EBITDA · FY 2025
₹1.11 Cr margin 1.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 94%
EBITDA CAGR growth
1 year
▲ 129%
3 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 94% over three years, including 27% growth in the latest year. EBITDA rose 129% 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 |
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| Total Expenses | |||||
| EBITDA | ₹1.11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.92 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | -8.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Asahi Tennants Color Private Limited, buy the company report.
Board of directors of Asahi Tennants Color Private Limited
Asahi Tennants Color has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Michael Gary Hughes | Director | 04 Feb 2020 | 6 Years 9 Months | Current |
| Timothy Sydney William Glenn | Director | 04 Feb 2020 | 6 Years 9 Months | Current |
| Miteshkumar Nandubhai Patel | Whole-Time Director | 23 Jan 2024 | 2 Years 9 Months | Current |
| Arjun Gokul Jaykrishna Also directs: Pluto Associates LLP, Asahi Songwon Colors Limited, Atlas Life Sciences (India) Private Limited and 1 more | Director | 25 Oct 2019 | 7 Years 0 Months | Current |
| Anilkumar Mithalal Jain Also directs: Asahi Songwon Colors Limited, Precision Footcare Limited Liability Partnership, Jarya Enterprise LLP and 4 more | Additional Director | 22 Jul 2025 | 1 Years 3 Months | Current |
| Paru Mrugesh Jaykrishna Also directs: Asahi Songwon Colors Limited, Atlas Life Sciences (India) Private Limited, Atlas Life Sciences Private Limited and 5 more | Director | 14 Nov 2019 | 6 Years 11 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Asahi Tennants Color Private Limited is compared with the 5 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maheshraj Chemicals Private Limited | ₹71.86 Cr (FY 2025) | 49.0% | Ahmedabad, Gujarat, India | |||
| Chemcrux Enterprises Limited | ₹71.5 Cr (FY 2025) | -10.0% | Vadodara, Gujarat, India | |||
| Asahi Tennants Color Private Limitedthis company | ₹70.79 Cr (FY 2025) | -₹5.92 Cr | -8.4% | 27.0% | Ahmedabad, Gujarat, India | |
| Shiva Dyestuff Private Limited | ₹69.2 Cr (FY 2025) | 23.0% | Ankleshwar, Gujarat, India | |||
| Retort Chemicals Private Limited | ₹68.83 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Chemistar Intermediates Private Limited | ₹68.37 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Asahi Tennants Color Private Limited, buy the company report.
Auditor
Asahi Tennants Color Private Limited is audited by Trushit Chokshi & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Trushit Chokshi & Associates | FY 2022 | 111072W |
Shareholding
The shareholding of Asahi Tennants Color Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Asahi Tennants Color Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.8 Cr
Satisfied charges
₹50.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2023 | 100684351 | Hdfc Bank Limited | ₹31.8 Cr | Open | |
| 01 Mar 2021 | 100429755 | Others | ₹50 Cr | Satisfied | |
| 04 Sep 2020 | 100382371 | Others | ₹11.57 Lakh | Satisfied |
To see the full charge records of Asahi Tennants Color Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Asahi Tennants Color Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹95.18 Cr; the latest was in August 2020.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹95.18 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2020 | Funding round | ₹38.84 Cr | Investors: Asahi Songwon Colors Limited , Tennants Textile Colours Limited |
| Dec 2019 | Funding round | ₹56.34 Cr | Investors: Asahi Songwon Colors Limited , Tennants Textile Colours Limited |
To see the full deal history of Asahi Tennants Color 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
Asahi Tennants Color Private Limited has 2 court cases on record: 2 filed by Asahi Tennants Color. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against M/S Hercules Pigments Pvt. Ltd. and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (APPLN ESI) | Filed by the company against Aassistant Directore.S.I.Corporation | Pending |
To see the full case history of Asahi Tennants Color 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 Asahi Tennants Color Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Asahi Tennants Color has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AASCA8662P1ZR | Gujarat | Active | 26 Nov 2019 |
To see the full GST registrations and return filing status of Asahi Tennants Color Private Limited, buy the company report.
Recent activity
Asahi Tennants Color Private Limited has 19 board changes on record since 2019: 10 appointments and 9 cessations. The latest: Anilkumar Mithalal Jain was appointed as Additional Director on 22 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 31.80 Cr registered on 27 Feb 2023 with Charge ID 100684351 was modified on 19 Dec 2025.
AGM
Asahi Tennants Color Private Limited last Annual general meeting of members was held on 22 Jul 2025 as per latest MCA records.
Appointed
Anilkumar Mithalal Jain was appointed as Additional Director.
Filing
Asahi Tennants Color Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Pratik Narendrabhai Shah was appointed as CFO.
Ceased
John Norman Perrie ceased to be Additional Director.
Ceased
Miteshkumar Nandubhai Patel ceased to be Additional Director.
Appointed
John Norman Perrie was appointed as Director.
Appointed
Miteshkumar Nandubhai Patel was appointed as Whole-Time Director.
Charges
A charge registered on 01 Mar 2021 via Charge ID 100429755 with Others was fully satisfied on 03 Apr 2023.
Charges
A charge registered on 04 Sep 2020 via Charge ID 100382371 with Others was fully satisfied on 04 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 31.80 Cr with Charge ID 100684351 was registered on 27 Feb 2023.
17 earlier events are in the company report.
Frequently asked questions
Asahi Tennants Color is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 25 October 2019 (7+ years old) and is registered under CIN U24290GJ2019PTC110526.
Asahi Tennants Color has 8 current directors:
- Gokul Mrugesh Jaykrishna - Managing Director
- Miteshkumar Nandubhai Patel - Whole-Time Director
- Michael Gary Hughes - Director
- Timothy Sydney William Glenn - Director
- Arjun Gokul Jaykrishna - Director
- Anilkumar Mithalal Jain - Additional Director
- Paru Mrugesh Jaykrishna - Director
- John Norman Perrie - Director
The latest financial statements of Asahi Tennants Color on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Asahi Tennants Color is 24AASCA8662P1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Asahi Tennants Color is U24290GJ2019PTC110526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asahi Tennants Color has 2 court cases on record: 2 filed by the company. 2 are pending. Most are in the district courts.
Asahi Tennants Color was incorporated on 25 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Asahi Tennants Color has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹95.18 Cr; the latest was in August 2020.
The peers of Asahi Tennants Color by revenue are Maheshraj Chemicals Private Limited, Chemcrux Enterprises Limited, Shiva Dyestuff Private Limited, Retort Chemicals Private Limited, Chemistar Intermediates Private Limited, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Anilkumar Mithalal Jain was appointed as Additional Director on 22 Jul 2025. Pratik Narendrabhai Shah was appointed as CFO on 23 Oct 2024. John Norman Perrie ceased to be Additional Director on 22 Jul 2024. Asahi Tennants Color has 19 board changes on record in total.
Yes, Asahi Tennants Color is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0000105).
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