Ashok Granites Limited

Exports granite monuments, slabs, and blocks to various countries as part of GTP group.

1991 | Salem, Tamil Nadu (India) | Active
Last Updated:

Ashok Granites Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.13 Cr
  • Company Age 33 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 31.97 Cr
  • Satisfied Charges ₹ 21.87 Cr
  • Revenue Growth -2.40%
  • Profit Growth 54.02%
  • Ebitda -45.87%
  • Net Worth 2.08%
  • Total Assets -5.78%

About Ashok Granites

Ashok Granites Limited (AGL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 November 1991 and has a history of 33 years and five months. Its registered office is in Salem, Tamil Nadu, India.

The Corporate was formerly known as Ashok Granites Private Limited. The Company is engaged in the Manufacturing 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 1.50 Cr and a paid-up capital of Rs 1.13 Cr.

The company currently has active open charges totaling ₹31.97 Cr. The company has closed loans amounting to ₹21.87 Cr, as per Ministry of Corporate Affairs (MCA) records.

Muthusamy Saroja, Duraisamy Krishnan, and Aapichigounder Mani serve as directors at the Company.

Company Details

  • Location

    Salem, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U14102TZ1991PLC007127

  • Company No.

    007127

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Nov 1991

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing
Company report

Ashok Granites Limited

Explore comprehensive data for Ashok Granites Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Ashok Granites?

Board Members (3)

NameDesignationAppointment DateStatus
Muthusamy Saroja Country flag representing In Director 13-Nov-1991Current
Duraisamy Krishnan Country flag representing In Whole-Time Director 01-Feb-1998Current
Aapichigounder Mani Country flag representing In Director 05-May-1995Current

Financial Performance of Ashok Granites.

Ashok Granites Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.4% decrease. The company also saw a substantial improvement in profitability, with a 54.02% increase in profit. The company's net worth moved up by a moderate rise of 2.08%.

Ashok Granites revenue growth over time
Ashok Granites 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
-2.40%
Revenue from Operations
-2.57%
Total Assets
-5.78%
Profit or Loss
54.02%
Net Worth
2.08%
EBITDA
-45.87%

What is the Ownership and Shareholding Structure of Ashok Granites?

In 2023, Ashok Granites had a promoter holding of 10.16% and a public holding of 89.84%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹31.97 Cr

Satisfied Charges

₹21.87 Cr

Charges Breakdown by Lending Institutions

  • Karnataka Bank Ltd. : 24.00 Cr
  • Hdfc Bank Limited : 3.21 Cr
  • Others : 3.00 Cr
  • The Karnataka Bank Limited : 0.75 Cr
  • Bajaj Finance Limited : 0.47 Cr
  • Others : 0.54 Cr

Latest Charge Details

DateLenderAmountStatus
06 Apr 2022Karnataka Bank Ltd.₹1.50 CrOpen
12 Nov 2020Others₹3.00 CrOpen
05 Jan 2017Hdfc Bank Limited₹1.59 CrOpen
30 Apr 2015Hdfc Bank Limited₹7.63 MOpen
31 Dec 2014Hdfc Bank Limited₹8.56 MOpen

How Many Employees Work at Ashok Granites?

Ashok Granites has a workforce of 73 employees as of Apr 07, 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 Ashok Granites Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ashok Granites, 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 Ashok Granites'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 Ashok Granites

Recent activity within the organization

  • Annual General Meeting

    Ashok Granites Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Ashok Granites Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 1.50 Cr with Charge ID 100564401 was registered on 06 Apr 2022.

  • Charges

    A charge registered on 28 Sep 2010 via Charge ID 10244861 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.

  • Charges

    A charge registered on 28 Sep 2010 via Charge ID 10244864 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.

  • Charges

    A charge registered on 11 Aug 2009 via Charge ID 10177570 with The Karnataka Bank Limited was fully satisfied on 16 Feb 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Ashok Granites Limited?

    Ashok Granites Limited was incorporated on 13 Nov 1991.

  • What is authorized share capital and paid-up capital of Ashok Granites Limited?

    The authorized share capital of Ashok Granites Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.13 Cr.

  • Who are the current board members & directors of Ashok Granites Limited?

    Currently 3 directors are associated with Ashok Granites Limited.

    • Muthusamy Baby Saroja
    • Duraisamy Krishnan
    • Aapichigounder Mani

  • What is the registered address of Ashok Granites Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ashok Granites Limited is 4/35, Bharathi Street Swarnapuri India, Salem, Tamil Nadu, 636004.

  • What is the corporate identification number (CIN) and company number of Ashok Granites Limited?

    The corporate identification number (CIN) of Ashok Granites Limited is U14102TZ1991PLC007127 and the company number is 007127 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Ashok Granites Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ashok Granites Limited has fallen by -2.40%.

  • How many employees does Ashok Granites Limited currently have?

    As Per 2023 financial reports, 73 employees are currently employed by Ashok Granites Limited.

  • What change has been observed in the net worth of Ashok Granites Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Ashok Granites Limited has experienced an upsurge of 2.08%.

  • What are the total open charges for Ashok Granites Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ashok Granites Limited amount to ₹ 31.97 Cr.

  • When was the last Balance Sheet of Ashok Granites Limited filed with the ROC?

    The most recent Balance Sheet for Ashok Granites Limited was filed with the ROC on 31 Mar 2023.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial