Aakash Polyesters Pvt Ltd

Textile company manufacturing yarn and fabrics, also engaged in trading and located in Surat, Gujarat.

1991 | Karanj, Gujarat (India) | Active
Last Updated: June 14, 2024

Aakash Polyesters Profile

Key Indicators

  • Authorised Capital ₹ 1.70 Cr
  • Paid Up Capital ₹ 1.34 Cr
  • Company Age 33 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 46.93 Cr
  • Satisfied Charges ₹ 18.99 Cr
  • Revenue Growth 42.47%
  • Profit Growth 20.70%
  • Ebitda 31.82%
  • Net Worth 6.80%
  • Total Assets 35.86%

About Aakash Polyesters

Aakash Polyesters Pvt Ltd (APPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 July 1991 and has a history of 33 years and six months. Its registered office is in Karanj, Gujarat, India.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.70 Cr and a paid-up capital of Rs 1.34 Cr.

The company currently has active open charges totaling ₹46.93 Cr. The company has closed loans amounting to ₹18.99 Cr, as per Ministry of Corporate Affairs (MCA) records.

Amita Gulati, Vimal Gulati, and Nishith Gulati serve as directors at the Company.

Company Details

  • Location

    Karanj, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17110GJ1991PTC015991

  • Company No.

    015991

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Jul 1991

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

Who are the key members and board of directors at Aakash Polyesters?

Board Members (3)

Name Designation Appointment Date Status
Amita Gulati Country flag representing In Director 06-Jan-2003 Current
Vimal Gulati Country flag representing In Director 06-Jan-2003 Current
Nishith Gulati Country flag representing In Director 06-Jan-2003 Current

Financial Performance of Aakash Polyesters.

Aakash Polyesters Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 42.47% increase. The company also saw a substantial improvement in profitability, with a 20.7% increase in profit. The company's net worth moved up by a moderate rise of 6.8%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
42.47%
Revenue from Operations
42.49%
Total Assets
35.86%
Profit or Loss
20.70%
Net Worth
6.80%
EBITDA
31.82%

What is the Ownership and Shareholding Structure of Aakash Polyesters?

In 2023, Aakash Polyesters had a promoter holding of 62.69% and a public holding of 37.31%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹46.93 Cr

Satisfied Charges

₹18.99 Cr

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 46.93 Cr

Latest Charge Details

Date Lender Amount Status
09 Jun 2021 Standard Chartered Bank ₹8.55 M Open
09 Jun 2021 Standard Chartered Bank ₹1.71 Cr Open
02 Jun 2021 Standard Chartered Bank ₹20.90 Cr Open
02 Jun 2021 Standard Chartered Bank ₹1.71 Cr Open
06 Apr 2021 Standard Chartered Bank ₹20.90 Cr Open

How Many Employees Work at Aakash Polyesters?

Unlock and access historical data on people associated with Aakash Polyesters, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Aakash Polyesters, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Aakash Polyesters's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Aakash Polyesters

Recent activity within the organization

  • Charges

    A charge with Standard Chartered Bank of Rs. 20.90 Cr registered on 02 Jun 2021 with Charge ID 100450202 was modified on 10 Nov 2023.

    10 Nov 2023

  • Charges

    A charge with Standard Chartered Bank of Rs. 0.86 Cr registered on 09 Jun 2021 with Charge ID 100451583 was modified on 02 Nov 2023.

    02 Nov 2023

  • Charges

    A charge with Standard Chartered Bank of Rs. 0.86 Cr registered on 30 Mar 2021 with Charge ID 100444246 was modified on 02 Nov 2023.

    02 Nov 2023

  • Annual General Meeting

    Aakash Polyesters Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Standard Chartered Bank of Rs. 20.90 Cr registered on 06 Apr 2021 with Charge ID 100437292 was modified on 22 Sep 2023.

    22 Sep 2023

  • Balance Sheet

    Aakash Polyesters Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

Frequently asked questions

  • Aakash Polyesters Pvt Ltd was incorporated on 18 Jul 1991.

  • The authorized share capital of Aakash Polyesters Pvt Ltd is ₹ 1.70 Cr and paid-up capital is ₹ 1.34 Cr.

  • Currently 3 directors are associated with Aakash Polyesters Pvt Ltd.

    • Amita Nishith Gulati
    • Vimal Yogesh Chandra Gulati
    • Nishith Yogeshchandra Gulati
  • As per Ministry of Corporate Affairs (Mca), the registered address of Aakash Polyesters Pvt Ltd is Block No. 304 Plot No.11A 11B Behind Sumeet Ind. Vill-Karanj, Gujarat, India, 394110.

  • The corporate identification number (CIN) of Aakash Polyesters Pvt Ltd is U17110GJ1991PTC015991 and the company number is 015991 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Aakash Polyesters Pvt Ltd has risen by 42.47%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Aakash Polyesters Pvt Ltd has experienced an upsurge of 6.80%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Aakash Polyesters Pvt Ltd amount to ₹ 46.93 Cr.

  • The most recent Balance Sheet for Aakash Polyesters Pvt Ltd was filed with the ROC on 31 Mar 2023.