Akal Spring Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.88 Cr
- Company Age 50 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 21.75 Cr
- Satisfied Charges ₹ 16.24 Cr
- Revenue Growth 64.99%
- Profit Growth 54.83%
- Ebitda 39.89%
- Net Worth 3.38%
- Total Assets 6.20%
About Akal Spring
Akal Spring Ltd (ASL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 September 1974 and has a history of 50 years and six months. Its registered office is in Ludhiana, Punjab, India.
The Corporate was formerly known as Akal Spring Private Limited. The Company is engaged in the Automotive 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 5.00 Cr and a paid-up capital of Rs 4.88 Cr.
The company currently has active open charges totaling ₹21.75 Cr. The company has closed loans amounting to ₹16.24 Cr, as per Ministry of Corporate Affairs (MCA) records.
Jaspal Kaur, Sandeep Riat, Amrit Riat, and One other member serve as directors at the Company.
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28991PB1974PLC003498
- Company No.
003498
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Sep 1974
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Automotive
What products or services does Akal Spring Ltd offer?
Akal Spring Ltd offers a wide range of products and services, including Suspension System & Components, Leaf Springs, Marine Tools & Equipments, Marine Equipments, Alloy, Metal and High Strength Bolts, Bent Bolts, Tractor, Tractor Parts & Assemblies, Tractor Linkage Parts, Door & Window, Hinges & Fittings, Door Hardware.
Who are the key members and board of directors at Akal Spring?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Riat  | Managing Director | 27-Aug-2005 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jaspal Kaur | Director | 19-Apr-2004 | Current |
| Amrit Riat | Director | 14-Nov-2013 | Current |
| Bidya Mishra | Director | 25-Dec-2023 | Current |
Financial Performance of Akal Spring.
Akal Spring Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 64.99% increase. The company also saw a substantial improvement in profitability, with a 54.83% increase in profit. The company's net worth moved up by a moderate rise of 3.38%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Akal Spring?
In 2022, Akal Spring had a promoter holding of 65.98% and a public holding of 34.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Rico Jinfei Wheels LimitedSandeep Riat is a mutual person
Rico Fluidtronics LimitedSandeep Riat is a mutual person
Amm And Amm Holdings Pvt LtdJaspal Kaur and Sandeep Riat are mutual person
- S.M.Investments Pvt Ltd
Jaspal Kaur and Sandeep Riat are mutual person
Charges (Loans)
Open Charges
₹21.75 Cr
Satisfied Charges
₹16.24 Cr
Charges Breakdown by Lending Institutions
- Indian Bank : 21.59 Cr
- Anz Grindlays Plc : 0.06 Cr
- Directoers Of Industries; Punjab : 0.05 Cr
- Directoe Of Industries; Punjab : 0.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Nov 2022 | Indian Bank | ₹6.00 M | Open |
| 05 Apr 2022 | Indian Bank | ₹1.30 M | Open |
| 24 Jan 2022 | Indian Bank | ₹6.21 M | Open |
| 16 Jul 2021 | Indian Bank | ₹1.30 Cr | Open |
| 01 Oct 2020 | Indian Bank | ₹4.40 M | Open |
How Many Employees Work at Akal Spring?
Akal Spring has a workforce of 365 employees as of Apr 10, 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 Akal Spring, 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 Akal Spring'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.
Latest Updates, News, and FAQs on Akal Spring
Recent activity within the organization
- Annual General Meeting
Akal Spring Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Akal Spring Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Charges
A charge registered on 29 Feb 2020 via Charge ID 100360431 with Axis Bank Limited was fully satisfied on 04 Mar 2024.
- Charges
A charge with Indian Bank of Rs. 18.50 Cr registered on 08 Mar 2018 with Charge ID 100166346 was modified on 26 Dec 2023.
- Director Appointment
Bidya Charan Mishra was appointed as a Director was appointed as a Director on 25 Dec 2023 & has been associated with this company since 1 year 3 months .
- Charges
A charge with Indian Bank amounted to Rs. 0.60 Cr with Charge ID 100648898 was registered on 16 Nov 2022.
Frequently asked questions
What is the Incorporation or founding date of Akal Spring Ltd?
Akal Spring Ltd was incorporated on 28 Sep 1974.
What is authorized share capital and paid-up capital of Akal Spring Ltd?
The authorized share capital of Akal Spring Ltd is ₹ 5.00 Cr and paid-up capital is ₹ 4.88 Cr.
Who are the current board members & directors of Akal Spring Ltd?
Currently 4 directors are associated with Akal Spring Ltd.
- Jaspal Kaur
- Sandeep Riat
- Amrit Pal Riat
- Bidya Charan Mishra
What is the registered address of Akal Spring Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Akal Spring Ltd is A-8 Phase-V, Focal Point Ludhiana India, Punjab, 141010.
What is the corporate identification number (CIN) and company number of Akal Spring Ltd?
The corporate identification number (CIN) of Akal Spring Ltd is U28991PB1974PLC003498 and the company number is 003498 as per Ministry of Corporate Affairs (MCA).
What is the official website of Akal Spring Ltd?
The Official website of Akal Spring Ltd is https://www.akalspring.com
What has been the recent revenue trend for Akal Spring Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Akal Spring Ltd has risen by 64.99%.
How many employees does Akal Spring Ltd currently have?
As Per 2022 financial reports, 365 employees are currently employed by Akal Spring Ltd.
What change has been observed in the net worth of Akal Spring Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Akal Spring Ltd has experienced an upsurge of 3.38%.
What are the total open charges for Akal Spring Ltd?
As per the financial statements for fiscal Year 2022, The total open charges for Akal Spring Ltd amount to ₹ 21.75 Cr.
When was the last Balance Sheet of Akal Spring Ltd filed with the ROC?
The most recent Balance Sheet for Akal Spring Ltd was filed with the ROC on 31 Mar 2024.
People also Viewed
Harvinder SinghDirectorSR
Sifti RiatDirectorHR
Harpreet RiatDirector