Akar Industries Private Limited
Company engages in trading, investment, and manufacturing of various steel and metal products.
1988 | Mumbai, Maharashtra (India) | Active
Akar Industries Profile
Key Indicators
- Authorised Capital ₹ 6.50 M
- Paid Up Capital ₹ 5.63 M
- Company Age 37 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 9.51 Cr
- Satisfied Charges ₹ 9.99 Cr
- Revenue Growth 780.89%
- Profit Growth 49.07%
- Ebitda 189.46%
- Net Worth -25.52%
- Total Assets -29.11%
About Akar Industries
Akar Industries Private Limited (AIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 January 1988 and has a history of 37 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Kathiawad Investments Private Limited. The Company is engaged in the Financial Services 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 6.50 M and a paid-up capital of Rs 5.63 M.
The company currently has active open charges totaling ₹9.51 Cr. The company has closed loans amounting to ₹9.99 Cr, as per Ministry of Corporate Affairs (MCA) records.
Niharika Gupta, Rajeev Agarwala, 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
U27100MH1988PTC045799
- Company No.
045799
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Jan 1988
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Metals and Minerals
Who are the key members and board of directors at Akar Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Niharika Gupta  | Director | 14-May-2012 | Current |
| Rajeev Agarwala | Director | 14-May-2012 | Current |
| Usha Gupta | Director | 28-Mar-1997 | Current |
Financial Performance of Akar Industries.
Akar Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 780.89% increase. The company also saw a substantial improvement in profitability, with a 49.07% increase in profit. The company's net worth observed a substantial decline by a decrease of 25.52%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Akar Industries?
In 2023, Akar Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Aurangabad Forging Private Limited
Niharika Gupta and Usha Gupta are mutual person
- Akar Alloys Pvt Ltd
Usha Gupta is a mutual person
- Shatrunji Investment Pvt Ltd
Usha Gupta is a mutual person
- Lavanaya Finvest Private Limited
Usha Gupta is a mutual person
Charges (Loans)
Open Charges
₹95.05 M
Satisfied Charges
₹99.90 M
Charges Breakdown by Lending Institutions
- Others : 9.51 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jun 2017 | Others | ₹9.51 Cr | Open |
| 05 Feb 2016 | Karvy Financial Services Limited | ₹4.99 Cr | Satisfied |
| 27 May 2010 | Kotak Mahindra Bank Limited | ₹5.00 Cr | Satisfied |
How Many Employees Work at Akar Industries?
Unlock and access historical data on people associated with Akar Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Akar 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 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.
Latest Updates, News, and FAQs on Akar Industries
Recent activity within the organization
- Annual General Meeting
Akar Industries Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
- Balance Sheet
Akar Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Others of Rs. 95.05 M registered on 13 Jun 2017 with Charge ID 100111241 was modified on 31 Jan 2018.
- Charges
A charge registered on 27 May 2010 via Charge ID 10229030 with Kotak Mahindra Bank Limited was fully satisfied on 21 Jun 2017.
- Charges
A charge with Others amounted to Rs. 95.05 M with Charge ID 100111241 was registered on 13 Jun 2017.
- Charges
A charge registered on 05 Feb 2016 via Charge ID 10627554 with Karvy Financial Services Limited was fully satisfied on 17 May 2017.
Frequently asked questions
What is the Incorporation or founding date of Akar Industries Private Limited?
Akar Industries Private Limited was incorporated on 07 Jan 1988.
What is authorized share capital and paid-up capital of Akar Industries Private Limited?
The authorized share capital of Akar Industries Private Limited is ₹ 6.50 M and paid-up capital is ₹ 5.63 M.
Who are the current board members & directors of Akar Industries Private Limited?
Currently 3 directors are associated with Akar Industries Private Limited.
- Niharika Gupta
- Rajeev Kumar Agarwala
- Usha Narendrakumar Gupta
What is the registered address of Akar Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Akar Industries Private Limited 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 Industries Private Limited?
The corporate identification number (CIN) of Akar Industries Private Limited is U27100MH1988PTC045799 and the company number is 045799 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Akar Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Akar Industries Private Limited has risen by 780.89%.
What change has been observed in the net worth of Akar Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Akar Industries Private Limited has experienced an downturn of -25.52%.
What are the total open charges for Akar Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Akar Industries Private Limited amount to ₹ 9.51 Cr.
When was the last Balance Sheet of Akar Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Akar Industries Private Limited was filed with the ROC on 31 Mar 2023.
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