What we do Ashtasidhhi Industries Ltd is a diversified company transitioning from financial services to textile trading and allied activities, primarily based in Ahmedabad, Gujarat. |
Founded in 1,993 |
Market share Maintains profitability amid stiff NBFC competition; expanding textile sector presence with growing revenues. |
Problem solved Provides finance through NBFC services and addresses market demand in textile trading and allied sectors. |
Top clients or who we serve Serves B2B clients in finance and textiles sectors, focusing on market expansion and product diversification. |
Key management Ms. Umang Khaitan (CEO), Mr. Deepa Ram Rebari (CFO), Mrs. Vaishaliben Sanjaybhai Jain (Company Secretary). |
Our journey and innovations Incorporated in 1993, rebranded to Ashtasidhhi Industries Ltd in 2022 with strategic shift to textile business and increased revenue. |
Where we operate Operations concentrated in Ahmedabad, Gujarat, with plans for regional expansion in textile trading. |
Top products or what we offer Financial lending services and diversified textile trading products with allied services. |
Top brands - |
Raw materials needed Textile raw materials for trading and allied activities. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from cyclical textile trading and lending activities. |
Our industry position A niche player in NBFC and growing textile segments, progressing toward sustainable growth. |
Financial highlights Revenue Rs. 1.55 Cr, Net Profit Rs. 0.03 Cr for FY 2024-25 with positive turnaround from prior losses. |
Geographical revenue split - |
Order book - |
Whats driving growth Strategic shift to textile sector, improved market penetration, and operational scaling driving growth. |
Our future plans Focus on broadening market presence, exploring geographical expansion, and value addition in textiles. |
Our green promise - |
Our people and values Small, dedicated employee base promoting ethical governance and compliance. |
Key challenges ahead Managing industry competition, scaling operations, and maintaining profitability amid sector shifts. |
Interesting facts Successfully reversed losses in FY 2024-25 following strategic business realignment. |
Risks and strategy Mitigates financial risks by diversifying business into textiles and prudent fund management. |
