Ascend Lift Technologies Private Limited
About Ascend Lift Technologies Private Limited
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Ascend Lift Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the manufacturing segment of the industrial equipment and machinery sector. It was incorporated on 21 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29100KA2019PTC121720. Its GSTIN is 29AARCA9645F1Z2 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Yallanki Neerajaksha Naidu (Managing Director) and Sridevi Krishna Naidu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 16 Basement Floor 3rd Main 3rd Cross Ramaswamy Layout Andrahalli, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.91 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹20.45 Lakh (net margin 2.3%) and EBITDA of ₹33.05 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ascend Lift Technologies and Altpl. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ascend Lift Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 16 Basement Floor 3rd Main 3rd Cross Ramaswamy Layout Andrahalli, Bangalore, Karnataka, India – 560085
- IndustryEquipment & Machinery, Manufacturing, General Purposemachinery
To see the full contact details of Ascend Lift Technologies Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ascend Lift Technologies operates two associated brands: Ascend Lift Technologies and Altpl. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| altpl.in | ||
| Elevator manufacturing and trading services in Bangalore. | ascendlifttechnologies.com |
Business activity
The main business activity of Ascend Lift Technologies is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Ascend Lift Technologies Private Limited, buy the company report.
Financials of Ascend Lift Technologies Private Limited
FY 2025 filings availableAscend Lift Technologies Private Limited reported revenue of ₹8.91 Cr (down 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 5% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | ₹33.05 Lakh | ||||
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| Net Profit (PAT) | ₹20.45 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 2.3% | ||||
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To see the full financial statements and ratios of Ascend Lift Technologies Private Limited, buy the company report.
Board of directors of Ascend Lift Technologies Private Limited
Ascend Lift Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yallanki Neerajaksha Naidu | Managing Director | 05 Sep 2019 | 7 Years 1 Months | Current |
| Sridevi Krishna Naidu | Director | 21 Feb 2019 | 7 Years 8 Months | Current |
Legal cases
Ascend Lift Technologies Private Limited has 1 court case on record: 1 filed by Ascend Lift Technologies. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Ornatech Elevators LLP | Pending |
To see the full case history of Ascend Lift Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ascend Lift Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascend Lift Technologies Private Limited has a workforce of 15 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ascend Lift Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AARCA9645F1Z2 | Karnataka | Active | 21 Feb 2019 |
To see the full GST registrations and return filing status of Ascend Lift Technologies Private Limited, buy the company report.
Recent activity
Ascend Lift Technologies Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Yallanki Neerajaksha Naidu ceased to be Director on 09 Feb 2024.
Frequently asked questions
Ascend Lift Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in manufacturing, within the equipment and machinery industry. It was incorporated on 21 February 2019 (7+ years old) and is registered under CIN U29100KA2019PTC121720.
Ascend Lift Technologies has 2 current directors:
- Yallanki Neerajaksha Naidu - Managing Director
- Sridevi Krishna Naidu - Director
The latest financial statements of Ascend Lift Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ascend Lift Technologies is 29AARCA9645F1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Ascend Lift Technologies is U29100KA2019PTC121720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascend Lift Technologies has 1 court case on record: 1 filed by the company. 1 is pending.
Ascend Lift Technologies was incorporated on 21 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Yallanki Neerajaksha Naidu ceased to be Director on 09 Feb 2024. Yallanki Neerajaksha Naidu was appointed as Managing Director on 05 Sep 2019. Athidadi Lokesha ceased to be Director on 22 Apr 2019. Ascend Lift Technologies has 4 board changes on record in total.
The registered office of Ascend Lift Technologies is at No. 16 Basement Floor 3rd Main 3rd Cross Ramaswamy Layout Andrahalli, Bangalore, Karnataka, India – 560085.
Ascend Lift Technologies operates in the equipment and machinery industry, in the manufacturing segment.