Akar Alloys Pvt Ltd

This company specializes in steel production and trading, including various types and sizes of steel products.

1987 | Mumbai, Maharashtra (India) | Active
Last Updated:

Akar Alloys Profile

Key Indicators

  • Authorised Capital ₹ 7.00 M
  • Paid Up Capital ₹ 6.56 M
  • Company Age 37 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 27.73 Cr
  • Satisfied Charges ₹ 77.40 Cr
  • Revenue Growth 6034.26%
  • Profit Growth 50.20%
  • Ebitda 1.98%
  • Net Worth -2.28%
  • Total Assets 1.74%

About Akar Alloys

Akar Alloys Pvt Ltd (AAPL) is a Private Limited Indian Non-Government Company incorporated in India on 25 September 1987 and has a history of 37 years and five months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Metals And Minerals 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 7.00 M and a paid-up capital of Rs 6.56 M.

The company currently has active open charges totaling ₹27.73 Cr. The company has closed loans amounting to ₹77.40 Cr, as per Ministry of Corporate Affairs (MCA) records.

Narendra Gupta and Usha Gupta serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27310MH1987PTC044788

  • Company No.

    044788

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Sep 1987

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

Who are the key members and board of directors at Akar Alloys?

Board Members (2)

NameDesignationAppointment DateStatus
Narendra Gupta Country flag representing In Director 14-Jun-2021Current
Usha Gupta Country flag representing In Director 28-Mar-1997Current

Financial Performance of Akar Alloys.

Akar Alloys Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 6034.26% increase. The company also saw a substantial improvement in profitability, with a 50.2% increase in profit. The company's net worth dipped by a decrease of 2.28%.

Akar Alloys revenue growth over time
Akar Alloys 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
6034.26%
Revenue from Operations
Total Assets
1.74%
Profit or Loss
50.20%
Net Worth
-2.28%
EBITDA
1.98%

What is the Ownership and Shareholding Structure of Akar Alloys?

In 2023, Akar Alloys 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

₹277.30 M

Satisfied Charges

₹774.00 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 27.73 Cr

Latest Charge Details

DateLenderAmountStatus
11 Oct 2011State Bank Of India₹27.73 CrOpen
11 May 2005Pnb Bank₹7.00 CrSatisfied
20 Apr 2004Punjab Nationa Bank₹35.20 CrSatisfied
20 Apr 2004Pnb Bank₹35.20 CrSatisfied

How Many Employees Work at Akar Alloys?

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

Employee growth trends for Akar Alloys Pvt Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akar Alloys, 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 Akar Alloys'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 Akar Alloys

Recent activity within the organization

  • Annual General Meeting

    Akar Alloys Pvt Ltd last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Akar Alloys Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Director Appointment

    Narendra Kumar Raghunandanlal Gupta was appointed as a Director was appointed as a Director on 14 Jun 2021 & has been associated with this company since 3 years 8 months .

  • Charges

    A charge registered on 11 May 2005 via Charge ID 90238112 with Pnb Bank was fully satisfied on 16 Sep 2019.

  • Charges

    A charge registered on 20 Apr 2004 via Charge ID 90226777 with Punjab Nationa Bank was fully satisfied on 03 Sep 2019.

  • Charges

    A charge registered on 20 Apr 2004 via Charge ID 90238118 with Pnb Bank was fully satisfied on 03 Sep 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Akar Alloys Pvt Ltd?

    Akar Alloys Pvt Ltd was incorporated on 25 Sep 1987.

  • What is authorized share capital and paid-up capital of Akar Alloys Pvt Ltd?

    The authorized share capital of Akar Alloys Pvt Ltd is ₹ 7.00 M and paid-up capital is ₹ 6.56 M.

  • Who are the current board members & directors of Akar Alloys Pvt Ltd?

    Currently 2 directors are associated with Akar Alloys Pvt Ltd.

    • Narendra Kumar Raghunandanlal Gupta
    • Usha Narendrakumar Gupta

  • What is the registered address of Akar Alloys Pvt Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akar Alloys Pvt Ltd is 37 Sopariwala House 3Rd Floor 293 Princess Street Marine Lines, Mumbai, Maharashtra, India, 400002.

  • What is the corporate identification number (CIN) and company number of Akar Alloys Pvt Ltd?

    The corporate identification number (CIN) of Akar Alloys Pvt Ltd is U27310MH1987PTC044788 and the company number is 044788 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Akar Alloys Pvt Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Akar Alloys Pvt Ltd has risen by 6034.26%.

  • What change has been observed in the net worth of Akar Alloys Pvt Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Akar Alloys Pvt Ltd has experienced an downturn of -2.28%.

  • What are the total open charges for Akar Alloys Pvt Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Akar Alloys Pvt Ltd amount to ₹ 27.73 Cr.

  • When was the last Balance Sheet of Akar Alloys Pvt Ltd filed with the ROC?

    The most recent Balance Sheet for Akar Alloys Pvt Ltd was filed with the ROC on 31 Mar 2023.

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