Ageco India Private Limited

Retailer and distributor of electrical products from major brands, serving various industries for 10 years.

2001 | Indore, Madhya Pradesh (India) | Active
Last Updated: January 14, 2025

Ageco India Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.92 M
  • Company Age 23 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.20 Cr
  • Revenue Growth -47.34%
  • Profit Growth -55.26%
  • Ebitda 276.10%
  • Net Worth 3.55%
  • Total Assets -12.60%

About Ageco India

Ageco India Private Limited (AIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 November 2001 and has a history of 23 years and two months. Its registered office is in Indore, Madhya Pradesh, India.

The Company is engaged in the Consumer Electronics & Durables Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.92 M.

The company currently has active open charges totaling ₹1.20 Cr.

Akshat Mantri, Erat Deepesh, and Bharti Mantri serve as directors at the Company.

Company Details

  • Location

    Indore, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51505MP2001PTC014885

  • Company No.

    014885

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Nov 2001

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Consumer Electronics & Durables

What products or services does Ageco India Private Limited offer?

Ageco India Private Limited offers a wide range of products and services, including House Wire, Havells House Wire.

Who are the key members and board of directors at Ageco India?

Board Members (3)

Name Designation Appointment Date Status
Akshat Mantri Country flag representing In Director 28-May-2019 Current
Erat Deepesh Country flag representing In Director 04-Nov-2004 Current
Bharti Mantri Country flag representing In Director 04-Nov-2004 Current

Financial Performance of Ageco India.

Ageco India Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 47.34% decrease. The company also saw a substantial fall in profitability, with a 55.26% decrease in profit. The company's net worth moved up by a moderate rise of 3.55%.

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
-47.34%
Revenue from Operations
-47.83%
Total Assets
-12.60%
Profit or Loss
-55.26%
Net Worth
3.55%
EBITDA
276.10%

What is the Ownership and Shareholding Structure of Ageco India?

In 2023, Ageco India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹12.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 1.20 Cr

Latest Charge Details

Date Lender Amount Status
27 Jan 2016 Hdfc Bank Limited ₹1.20 Cr Open
26 Mar 2004 Punjab National Bank ₹0.00 Satisfied

How Many Employees Work at Ageco India?

Unlock and access historical data on people associated with Ageco India, 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 Ageco India, 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 Ageco India'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 Ageco India

Recent activity within the organization

  • Annual General Meeting

    Ageco India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Ageco India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.

    31 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited of Rs. 12.00 M registered on 27 Jan 2016 with Charge ID 10619711 was modified on 23 Sep 2020.

    23 Sep 2020

  • Director Appointment

    Akshat Mantri was appointed as a Director was appointed as a Director on 28 May 2019 & has been associated with this company since 5 years 8 months .

    28 May 2019

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 12.00 M with Charge ID 10619711 was registered on 27 Jan 2016.

    27 Jan 2016

  • Charges

    A charge registered on 26 Mar 2004 via Charge ID 90209534 with Punjab National Bank was fully satisfied on 09 Jun 2006.

    09 Jun 2006

Frequently asked questions

  • Ageco India Private Limited was incorporated on 27 Nov 2001.

  • The authorized share capital of Ageco India Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.92 M.

  • Currently 3 directors are associated with Ageco India Private Limited.

    • Akshat Mantri
    • Erat Deepesh
    • Bharti Mantri
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ageco India Private Limited is Plot No.151 A/Fb Scheme No. 94 Ring Road Pipliyahana Near Ocean Motors, Goyal Na Gar India, Indore, Madhya Pradesh, 452016.

  • The corporate identification number (CIN) of Ageco India Private Limited is U51505MP2001PTC014885 and the company number is 014885 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ageco India Private Limited is https://www.ageco.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Ageco India Private Limited has fallen by -47.34%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Ageco India Private Limited has experienced an upsurge of 3.55%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Ageco India Private Limited amount to ₹ 1.20 Cr.

  • The most recent Balance Sheet for Ageco India Private Limited was filed with the ROC on 31 Mar 2024.

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