Akson Oiltech Private Limited

Manufacturer of automotive and industrial lubricants, including engine oils, gear and transmission oil, and specialty oils.

2017 | Mumbai, Maharashtra (India) | Active
Last Updated: July 31, 2024

Akson Oiltech Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 7 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2.89 M
  • Revenue Growth -68.36%
  • Profit Growth -98.66%
  • Ebitda -78.07%
  • Net Worth 2.37%
  • Total Assets -22.27%

About Akson Oiltech

Akson Oiltech Private Limited (AOPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 10 February 2017 (Seven years and 11 months 24 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Chemicals And Materials 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 5.00 M and a paid-up capital of Rs 1.00 M.

The company currently has active open charges totaling ₹2.89 M.

Kailashnarain Agarwal and Harsh Agarwal 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

    U24299MH2017PTC291048

  • Company No.

    291048

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Feb 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials

What products or services does Akson Oiltech Private Limited offer?

Akson Oiltech Private Limited offers a wide range of products and services, including Oils, Grease & Lubricants, Automotive Oils, Cosmetics, Hair & Beauty Products, Cosmetic Chemical, Machine Oils, Industrial Solvents, Mix Solvent, Inorganic Salts, Calcium Carbonate Powder, Lubricating Oil.

Who are the key members and board of directors at Akson Oiltech?

Board Members (2)

Name Designation Appointment Date Status
Kailashnarain Agarwal Country flag representing In Additional Director 22-Dec-2023 Current
Harsh Agarwal Country flag representing In Director 10-Feb-2017 Current

Financial Performance of Akson Oiltech.

Akson Oiltech Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 68.36% decrease. The company also saw a substantial fall in profitability, with a 98.66% decrease in profit. The company's net worth moved up by a moderate rise of 2.37%.

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
-68.36%
Revenue from Operations
-68.28%
Total Assets
-22.27%
Profit or Loss
-98.66%
Net Worth
2.37%
EBITDA
-78.07%

What is the Ownership and Shareholding Structure of Akson Oiltech?

In 2023, Akson Oiltech 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

₹2.89 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.18 Cr
  • Hdfc Bank Limited : 0.11 Cr

Latest Charge Details

Date Lender Amount Status
21 Mar 2024 Others ₹1.79 M Open
11 Aug 2021 Hdfc Bank Limited ₹1.10 M Open

How Many Employees Work at Akson Oiltech?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akson Oiltech, 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 Akson Oiltech'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 Akson Oiltech

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 1.79 M with Charge ID 100910152 was registered on 21 Mar 2024.

    21 Mar 2024

  • Director Appointment

    Kailashnarain Agarwal was appointed as a Additional Director was appointed as a Additional Director on 22 Dec 2023 & has been associated with this company since 1 year 1 month .

    22 Dec 2023

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Akson Oiltech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.10 M with Charge ID 100483241 was registered on 11 Aug 2021.

    11 Aug 2021

  • Director Appointment

    Harsh Kailashnarain Agarwal was appointed as a Director was appointed as a Director on 10 Feb 2017 & has been associated with this company since 7 years 11 months .

    10 Feb 2017

Frequently asked questions

  • Akson Oiltech Private Limited was incorporated on 10 Feb 2017.

  • The authorized share capital of Akson Oiltech Private Limited is ₹ 5.00 M and paid-up capital is ₹ 1.00 M.

  • Currently 2 directors are associated with Akson Oiltech Private Limited.

    • Kailashnarain Agarwal
    • Harsh Kailashnarain Agarwal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Akson Oiltech Private Limited is 2Nd Floor Plot 119 Manjulabai Jethabai Building Dadi Seth Agairy Lane Chirabazar Kalba, Devi, Mumbai, Maharashtra, India, 400002.

  • The corporate identification number (CIN) of Akson Oiltech Private Limited is U24299MH2017PTC291048 and the company number is 291048 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Akson Oiltech Private Limited is https://www.aksonoil.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Akson Oiltech Private Limited has fallen by -68.36%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Akson Oiltech Private Limited has experienced an upsurge of 2.37%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Akson Oiltech Private Limited amount to ₹ 2.89 M.

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

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