Akar Auto Industries Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.39 Cr
- Company Age 35 Year, 8 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 eight 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
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sunil Todi  | Managing Director | 16-Sep-2015 | Current |
| Pawan Gupta | CFO | 29-Jun-2020 | Current |
| Radhyeshyam Rathi | Company Secretary | 17-Aug-2023 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ulhas Gaoli | Director | 13-Aug-2019 | Current |
| Bhimsen Galgali | Director | 01-Mar-2018 | Current |
| Narendra Gupta | Director | 21-Jun-1989 | Current |
| Pradeep Nijampurkar | Whole-Time Director | 31-Jul-2007 | Current |
| Anil Gupta | Director | 13-Aug-2019 | Current |
| Bhavna Saboo | Director | 14-Aug-2018 | Current |
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%.
- Key Matrics
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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.
Related Corporates (Common Directorship)
R. L. Steels & Energy Limited.Sunil Todi, Narendra Gupta and 1 more are mutual person
Narayana Infra - Ventures Private LimitedUlhas Gaoli is a mutual person
Morganite Crucible (India) LimitedUlhas Gaoli is a mutual person
Aurangabad Smart City Development Corporation LimitedUlhas Gaoli is a mutual person
Marathwada Auto Compo Private LimitedUlhas Gaoli is a mutual person
Impactware Technology Solutions Private LimitedUlhas Gaoli is a mutual person
Charges (Loans)
₹129.57 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Dec 2024 | Others | ₹10.00 Cr | Open |
| 03 Sep 2024 | Hdfc Bank Limited | ₹2.00 Cr | Open |
| 28 Nov 2023 | State Bank Of India | ₹4.00 Cr | Open |
| 28 Sep 2023 | Hdfc Bank Limited | ₹2.26 M | Open |
| 20 Sep 2023 | Hdfc Bank Limited | ₹10.00 Cr | Open |
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.
Deals i
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
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.
