Akar Auto Industries Limited

Manufacturer of hand tools, leaf springs, and precision-engineered forging components for major auto and non-auto OEMs.

1989 | Mumbai, Maharashtra (India) | Active
Last Updated:

Akar Auto Industries Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 5.39 Cr
  • Company Age 35 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 129.57 Cr
  • Satisfied Charges ₹ 124.27 Cr
  • Revenue Growth 41.88%
  • Profit Growth 341.77%
  • Ebitda 120.66%
  • Net Worth 26.83%
  • Total Assets -0.39%

About Akar Auto Industries

Akar Auto Industries Limited (AAIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 June 1989 and has a history of 35 years and nine months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 530621.

The Corporate was formerly known as Akar Tools Ltd. 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 10.00 Cr and a paid-up capital of Rs 5.39 Cr.

The company currently has active open charges totaling ₹129.57 Cr. The company has closed loans amounting to ₹124.27 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Akar Auto Industries Limited India are Pawan Gupta as CFO and Radhyeshyam Rathi as Company Secretary. Sunil Todi, Narendra Gupta, Pradeep Nijampurkar, and Four other members 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

    L29220MH1989PLC052305

  • Company No.

    052305

  • Stock Symbol

    BSE : 530621

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Jun 1989

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Automotive
Machinery and Equipment

What products or services does Akar Auto Industries Limited offer?

Akar Auto Industries Limited offers a wide range of products and services, including Pliers, Screwdrivers & Hammers, Spanners, Carts, Dollies & Trolleys, Trolley Truck, Hand Tool Kits, Tool Kits, Wrenches & Sockets, Combination Wrenches, Wheel Spanner, Oil Can.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Sunil Todi Country flag representing In Managing Director16-Sep-2015Current
Pawan Gupta Country flag representing In CFO29-Jun-2020Current
Radhyeshyam Rathi Company Secretary17-Aug-2023Current

Board Members (6)

NameDesignationAppointment DateStatus
Ulhas Gaoli Country flag representing In Director 13-Aug-2019Current
Bhimsen Galgali Country flag representing In Director 01-Mar-2018Current
Narendra Gupta Country flag representing In Director 21-Jun-1989Current
Pradeep Nijampurkar Country flag representing In Whole-Time Director 31-Jul-2007Current
Anil Gupta Country flag representing In Director 13-Aug-2019Current
Bhavna Saboo Country flag representing In Director 14-Aug-2018Current

Financial Performance of Akar Auto Industries.

Akar Auto Industries Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 41.88% increase. The company also saw a substantial improvement in profitability, with a 341.77% increase in profit. The company's net worth Soared by an impressive increase of 26.83%.

Akar Auto Industries revenue growth over time
Akar Auto Industries 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
41.88%
Revenue from Operations
42.79%
Total Assets
-0.39%
Profit or Loss
341.77%
Net Worth
26.83%
EBITDA
120.66%

What is the Ownership and Shareholding Structure of Akar Auto Industries?

In 2023, Akar Auto Industries had a promoter holding of 73.06% and a public holding of 26.95%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹129.57 Cr

Satisfied Charges

₹124.27 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 101.20 Cr
  • Hdfc Bank Limited : 12.39 Cr
  • Others : 11.98 Cr
  • State Bank Of India : 4.00 Cr

Latest Charge Details

DateLenderAmountStatus
02 Dec 2024Others₹10.00 CrOpen
03 Sep 2024Hdfc Bank Limited₹2.00 CrOpen
28 Nov 2023State Bank Of India₹4.00 CrOpen
28 Sep 2023Hdfc Bank Limited₹2.26 MOpen
20 Sep 2023Hdfc Bank Limited₹10.00 CrOpen

How Many Employees Work at Akar Auto Industries?

Akar Auto Industries has a workforce of 353 employees as of Apr 01, 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.

Employee growth trends for Akar Auto Industries Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101008238 was registered on 02 Dec 2024.

  • Charges

    A charge registered on 02 Feb 2016 via Charge ID 10623639 with Punjab National Bank was fully satisfied on 28 Oct 2024.

  • Annual General Meeting

    Akar Auto Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100968502 was registered on 03 Sep 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 10.00 Cr registered on 20 Sep 2023 with Charge ID 100792201 was modified on 06 Aug 2024.

  • Charges

    A charge with Canara Bank of Rs. 63.30 Cr registered on 22 Jan 2004 with Charge ID 90241087 was modified on 15 May 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Akar Auto Industries Limited?

    Akar Auto Industries Limited was incorporated on 21 Jun 1989.

  • What is authorized share capital and paid-up capital of Akar Auto Industries Limited?

    The authorized share capital of Akar Auto Industries Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.39 Cr.

  • Who are the current board members & directors of Akar Auto Industries Limited?

    Currently 9 directors are associated with Akar Auto Industries Limited.

    • Sunil Todi
    • Narendra Kumar Raghunandanlal Gupta
    • Pradeep Madhukar Nijampurkar
    • Anil Kumar Gupta
    • Bhavna Vijay Saboo
    • Bhimsen Raghavendra Galgali
    • Pawan Kumar Gupta
    • Radhyeshyam Vijaykumar Rathi
    • Ulhas Narayanrao Gaoli

  • What is the registered address of Akar Auto Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akar Auto Industries Limited is 304 Abhay Steel Housebaroda Street Carnac Bunder India, Mumbai, Maharashtra, 400009.

  • What is the corporate identification number (CIN) and company number of Akar Auto Industries Limited?

    The corporate identification number (CIN) of Akar Auto Industries Limited is L29220MH1989PLC052305 and the company number is 052305 as per Ministry of Corporate Affairs (MCA).

  • Is Akar Auto Industries Limited registered with any stock exchange in India?

    Yes, Akar Auto Industries Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Akar Auto Industries Limited?

    The Official website of Akar Auto Industries Limited is https://www.akartoolsltd.com

  • What has been the recent revenue trend for Akar Auto Industries Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Akar Auto Industries Limited has risen by 41.88%.

  • How many employees does Akar Auto Industries Limited currently have?

    As Per 2022 financial reports, 353 employees are currently employed by Akar Auto Industries Limited.

  • What change has been observed in the net worth of Akar Auto Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Akar Auto Industries Limited has experienced an upsurge of 26.83%.

  • What are the total open charges for Akar Auto Industries Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Akar Auto Industries Limited amount to ₹ 129.57 Cr.

  • When was the last Balance Sheet of Akar Auto Industries Limited filed with the ROC?

    The most recent Balance Sheet for Akar Auto Industries Limited was filed with the ROC on 31 Mar 2024.

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