Akshay Furnitures Private Limited

Furniture marketing and manufacturing company with a wide range of products for home and hospitality.

2003 | Bengaluru, Karnataka (India) | Active
Last Updated: July 17, 2024

Akshay Furnitures Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 6.00 M
  • Company Age 21 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -40.49%
  • Profit Growth 84.73%
  • Ebitda -132.99%
  • Net Worth 46.90%
  • Total Assets -49.41%

About Akshay Furnitures

Akshay Furnitures Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 June 2003 and has a history of 21 years and eight months. Its registered office is in Bengaluru, Karnataka, India.

The Corporate was formerly known as Ikian Furnitures Private Limited. The Company is engaged in the Consumer Electronics & Durables 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 1.00 Cr and a paid-up capital of Rs 6.00 M, as per Ministry of Corporate Affairs (MCA) records.

Namrata Dugar and Ramesh Dugar serve as directors at the Company.

Company Details

  • Location

    Bengaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    forzzafurniture.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U36109KA2003PTC032113

  • Company No.

    032113

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Jun 2003

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Consumer Electronics & Durables

What products or services does Akshay Furnitures Private Limited offer?

Akshay Furnitures Private Limited offers a wide range of products and services, including Furniture Sofa, Three Seater Sofa, Study Table, Laptop Table, Decorative Lamps, TV Stand & Cabinets, Wooden Tv Unit, USB Gadgets, USB LED Light, Sofa Bed.

Who are the key members and board of directors at Akshay Furnitures?

Executive Team (1)

NameDesignationAppointment DateStatus
Namrata Dugar Country flag representing In Managing Director18-Jun-2003Current

Board Members (1)

NameDesignationAppointment DateStatus
Ramesh Dugar Country flag representing Np Director 01-Sep-2005Current

Financial Performance of Akshay Furnitures.

Akshay Furnitures Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 40.49% decrease. The company also saw a substantial improvement in profitability, with a 84.73% increase in profit. The company's net worth Soared by an impressive increase of 46.9%.

Graph illustrating revenue growth over time
Graph showing 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
-40.49%
Revenue from Operations
-70.13%
Total Assets
-49.41%
Profit or Loss
84.73%
Net Worth
46.90%
EBITDA
-132.99%

What is the Ownership and Shareholding Structure of Akshay Furnitures?

In 2023, Akshay Furnitures had a promoter holding of 82.67% and a public holding of 17.33%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Akshay Furnitures?

Akshay Furnitures has a workforce of 26 employees as of Apr 06, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akshay Furnitures, 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 Akshay Furnitures'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 Akshay Furnitures

Recent activity within the organization

  • Annual General Meeting

    Akshay Furnitures Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Akshay Furnitures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Director Appointment

    Ramesh Kumar Dugar was appointed as a Director was appointed as a Director on 01 Sep 2005 & has been associated with this company since 19 years 5 months .

    01 Sep 2005

  • Director Appointment

    Namrata Dugar was appointed as a Managing Director was appointed as a Managing Director on 18 Jun 2003 & has been associated with this company since 21 years 8 months .

    18 Jun 2003

  • Company Incorporation

    Akshay Furnitures Private Limited was registered on 18 Jun 2003 with Roc Bangalore & aged 21 years 8 months as per MCA records.

    18 Jun 2003

Frequently asked questions

  • Akshay Furnitures Private Limited was incorporated on 18 Jun 2003.

  • The authorized share capital of Akshay Furnitures Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 6.00 M.

  • Currently 2 directors are associated with Akshay Furnitures Private Limited.

    • Namrata Dugar
    • Ramesh Kumar Dugar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Akshay Furnitures Private Limited is No.58/10 Kudlu Village Madiwala Post, Bengaluru, Karnataka, India, 560068.

  • The corporate identification number (CIN) of Akshay Furnitures Private Limited is U36109KA2003PTC032113 and the company number is 032113 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Akshay Furnitures Private Limited is https://www.forzzafurniture.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Akshay Furnitures Private Limited has fallen by -40.49%.

  • As Per 2023 financial reports, 26 employees are currently employed by Akshay Furnitures Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Akshay Furnitures Private Limited has experienced an upsurge of 46.90%.

  • The most recent Balance Sheet for Akshay Furnitures Private Limited was filed with the ROC on 31 Mar 2023.

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