Akal Spring Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.88 Cr
- Company Age 50 Year, 4 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 four 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
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
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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)
₹21.75 Cr
₹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.
