Akaar Founders Profile
Key Indicators
- Authorised Capital ₹ 2.00 M
- Paid Up Capital ₹ 1.81 M
- Company Age 41 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.39 Cr
- Satisfied Charges ₹ 9.07 M
- Revenue Growth 200.41%
- Profit Growth 367.75%
- Ebitda 419.33%
- Net Worth 59.00%
- Total Assets 62.59%
About Akaar Founders
Akaar Founders Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 March 1983 and has a history of 41 years and 11 months. Its registered office is in Belgaum, Karnataka, India.
The Company is engaged in the Machinery And Equipment 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 2.00 M and a paid-up capital of Rs 1.81 M.
The company currently has active open charges totaling ₹5.39 Cr. The company has closed loans amounting to ₹9.07 M, as per Ministry of Corporate Affairs (MCA) records.
Vaishali Kamat, Ratnakar Mankad, Ashim Kamat, and One other member serve as directors at the Company.
Company Details
- Location
Belgaum, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U85110KA1983PTC005202
- Company No.
005202
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Mar 1983
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Akaar Founders Private Limited offer?
Akaar Founders Private Limited offers a wide range of products and services, including Pumps, Pumping Machines & Spares, Water Pump Spare Parts, Industrial Valves & Valve Fittings, Valve Accessories, Industrial Valves, Die Casting & Investment Castings, Investment Castings, Screw Pumps, Impellers, Ball Bearings and Bearing Assemblies.
Who are the key members and board of directors at Akaar Founders?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashim Kamat  | Managing Director | 01-Jul-2011 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ratnakar Mankad | Director | 30-Sep-2005 | Current |
| Vaishali Kamat | Director | 07-Mar-1983 | Current |
| Bhagyashree Kamat | Director | 25-Jul-2015 | Current |
Financial Performance of Akaar Founders.
Akaar Founders Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 200.41% increase. The company also saw a substantial improvement in profitability, with a 367.75% increase in profit. The company's net worth Soared by an impressive increase of 59%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Akaar Founders?
In 2022, Akaar Founders had a public holding of 0.17%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Curiosity Itech Private LimitedAshim Kamat is a mutual person
Charges (Loans)
₹53.85 M
₹9.07 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 3.40 Cr
- Canara Bank : 0.87 Cr
- State Bank Of India : 0.76 Cr
- Karanataka State Financial Corportion : 0.37 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 2023 | Hdfc Bank Limited | ₹3.00 Cr | Open |
| 31 Oct 2022 | Hdfc Bank Limited | ₹4.00 M | Open |
| 12 Dec 2012 | Canara Bank | ₹0.95 M | Open |
| 28 Mar 2012 | Canara Bank | ₹2.70 M | Open |
| 01 Jul 2011 | Canara Bank | ₹5.00 M | Open |
How Many Employees Work at Akaar Founders?
Akaar Founders has a workforce of 30 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Akaar Founders, 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 Akaar Founders's trajectory.
Rating
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
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.
