Axles India Limited

Manufacturer of axle housings for MHCVs, serving top clients and exporting globally.

1981 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Axles India Profile

Key Indicators

  • Authorised Capital ₹ 32.00 Cr
  • Paid Up Capital ₹ 25.48 Cr
  • Company Age 44 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 110.72 Cr
  • Satisfied Charges ₹ 343.20 Cr
  • Revenue Growth 30.32%
  • Profit Growth 55.60%
  • Ebitda 57.63%
  • Net Worth 20.36%
  • Total Assets 11.95%

About Axles India

Axles India Limited (AIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 February 1981 and has a history of 44 years and three months. Its registered office is in Chennai, Tamil Nadu, India.

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 32.00 Cr and a paid-up capital of Rs 25.48 Cr.

The company currently has active open charges totaling ₹110.72 Cr. The company has closed loans amounting to ₹343.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Axles India Limited India are Yegnanarayanan Krishnamoorthy as CFO and Bharathi C as Company Secretary. Santhanam Ram, Srivats Ram, Gajanan Gandhe, and Four other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27209TN1981PLC008630

  • Company No.

    008630

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    18 Feb 1981

  • Date of AGM

    24 Jun 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Automotive

What products or services does Axles India Limited offer?

Axles India Limited offers a wide range of products and services, including Commercial Vehicle Spare Parts, Axle, Automobile Electrical Components, Electric Vehicle Motors, Batteries & Charge Storage Devices, Industrial and Automotive Battery Charger, Axle Housing, Brakes & Braking Systems, Brake Parts, Air Intakes, Exhaust Systems & Parts.

Company report

Axles India Limited

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

Who are the key members and board of directors at Axles India?

Executive Team (3)

NameDesignationAppointment DateStatus
Madhavan Varadarajan Country flag representing In Managing Director06-Jul-2016Current
Yegnanarayanan Krishnamoorthy Country flag representing In CFO01-Jul-2014Current
Bharathi C Country flag representing In Company Secretary01-Apr-2021Current

Board Members (6)

NameDesignationAppointment DateStatus
Srivats Ram Country flag representing In Director 29-Jun-2006Current
Sandeep Khullar Country flag representing In Director 09-Aug-2023Current
Santhanam Ram Country flag representing In Director 18-Feb-1981Current
Gajanan Gandhe Country flag representing Us Director 31-Jul-2019Current
Niveditaram Country flag representing In Additional Director 09-Aug-2024Current
Rafael Pinedo Country flag representing Es Director 21-Dec-2011Current

Financial Performance of Axles India.

Axles India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.32% increase. The company also saw a substantial improvement in profitability, with a 55.6% increase in profit. The company's net worth Soared by an impressive increase of 20.36%.

Axles India revenue growth over time
Axles India 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
30.32%
Revenue from Operations
31.04%
Total Assets
11.95%
Profit or Loss
55.60%
Net Worth
20.36%
EBITDA
57.63%

What is the Ownership and Shareholding Structure of Axles India?

In 2023, Axles India had a promoter holding of 96.66% and a public holding of 3.34%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹110.72 Cr

Satisfied Charges

₹343.20 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 110.00 Cr
  • Uti Bank Ltd : 0.52 Cr
  • Indian Overseas Bank : 0.20 Cr

Latest Charge Details

DateLenderAmountStatus
01 Mar 2023Hdfc Bank Limited₹20.00 CrOpen
09 Apr 2019Hdfc Bank Limited₹90.00 CrOpen
21 Sep 1994Indian Overseas Bank₹2.00 MOpen
10 Jan 1992Uti Bank Ltd₹5.20 MOpen
06 Nov 2014Ing Vysya Bank Limited₹10.00 CrSatisfied

How Many Employees Work at Axles India?

Axles India has a workforce of 999 employees as of Apr 03, 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 Axles India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Axles India, 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 Axles India'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 Axles India

Recent activity within the organization

  • Director Appointment

    Niveditaram was appointed as a Additional Director was appointed as a Additional Director on 09 Aug 2024 & has been associated with this company since 9 months 15 days .

  • Annual General Meeting

    Axles India Limited last Annual general meeting of members was held on 24 Jun 2024 as per latest MCA records.

  • Balance Sheet

    Axles India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge registered on 01 Oct 1990 via Charge ID 90292047 with The Industrial Credit & Investment Co Of India Ltd was fully satisfied on 19 Jun 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100681602 was registered on 01 Mar 2023.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 90.00 Cr registered on 09 Apr 2019 with Charge ID 100262481 was modified on 12 Jan 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Axles India Limited?

    Axles India Limited was incorporated on 18 Feb 1981.

  • What is authorized share capital and paid-up capital of Axles India Limited?

    The authorized share capital of Axles India Limited is ₹ 32.00 Cr and paid-up capital is ₹ 25.48 Cr.

  • Who are the current board members & directors of Axles India Limited?

    Currently 9 directors are associated with Axles India Limited.

    • Santhanam Ram
    • Srivats Ram
    • Gajanan Vithal Gandhe
    • Niveditaram
    • Rafael Ricardo Aquique Pinedo
    • Madhavan Varadarajan
    • Sandeep Bhim Khullar
    • Yegnanarayanan Krishnamoorthy
    • Bharathi C

  • What is the registered address of Axles India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Axles India Limited is 21 Patullos Road Madras India, Chennai, Tamil Nadu, 600002.

  • What is the corporate identification number (CIN) and company number of Axles India Limited?

    The corporate identification number (CIN) of Axles India Limited is U27209TN1981PLC008630 and the company number is 008630 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Axles India Limited?

    The Official website of Axles India Limited is https://www.axlesindia.com

  • What has been the recent revenue trend for Axles India Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Axles India Limited has risen by 30.32%.

  • How many employees does Axles India Limited currently have?

    As Per 2023 financial reports, 999 employees are currently employed by Axles India Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Axles India Limited has experienced an upsurge of 20.36%.

  • What are the total open charges for Axles India Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Axles India Limited amount to ₹ 110.72 Cr.

  • When was the last Balance Sheet of Axles India Limited filed with the ROC?

    The most recent Balance Sheet for Axles India Limited was filed with the ROC on 31 Mar 2024.

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