About Ascendancy Financial Services Private Limited
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Ascendancy Financial Services Private Limited is a private limited company based in Jammu, Jammu And Kashmir, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 22 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U52100JK2012PTC003476. Its GSTIN is 24AAKCA2809A1Z9 (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Shweta Naresh Shah and Naresh Jayantilal Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H.No.3 Sector 3 Adjoining Khullar Market Extn. Trikuta Nagar, Jammu, Jammu and Kashmir, India – 180012.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.32 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹5.18 Lakh (net margin -222.8%) and EBITDA of -₹5.03 Lakh (EBITDA margin -216.4%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 76% over five years.
Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascendancy.in.
Company details
CIN history
Ascendancy Financial Services has one previous CIN (Corporate Identification Number): U65990JK2012PTC003476. The current CIN is U52100JK2012PTC003476, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100JK2012PTC003476 | Current |
| U65990JK2012PTC003476 | Previous |
Contact details
Ascendancy Financial Services Private Limited's registered office is in Jammu, Jammu And Kashmir. Its website is ascendancy.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.No.3 Sector 3 Adjoining Khullar Market Extn. Trikuta Nagar, Jammu, Jammu and Kashmir, India – 180012
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Ascendancy Financial Services 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
Business activity
The main business activity of Ascendancy Financial Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Ascendancy Financial Services Private Limited, buy the company report.
Financials of Ascendancy Financial Services Private Limited
FY 2024 filings availableAscendancy Financial Services Private Limited reported revenue of ₹2.32 Lakh (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over five years, including a 99% fall in the latest year. EBITDA rose 96% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹5.03 Lakh | ||||
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| Net Profit (PAT) | -₹5.18 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -216.4% | ||||
| Net Profit Margin | -222.8% | ||||
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To see the full financial statements and ratios of Ascendancy Financial Services Private Limited, buy the company report.
Board of directors of Ascendancy Financial Services Private Limited
Ascendancy Financial Services has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shweta Naresh Shah | Director | 28 Aug 2012 | 14 Years 1 Months | Current |
| Naresh Jayantilal Shah Also directs: Aeromark Cars Private Limited, Ekta Housemakers Private Limited, Kamlesh Real Estates Private Limited and 1 more | Director | 28 Aug 2012 | 14 Years 1 Months | Current |
Auditor
Ascendancy Financial Services Private Limited is audited by ANISH ABROL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANISH ABROL & ASSOCIATES | FY 2023 | 025229N |
Shareholding
The shareholding of Ascendancy Financial Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascendancy Financial Services Private Limited, buy the company report.
Legal cases
Ascendancy Financial Services Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 3 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Chandigarh | Insolvency matter | Filed against the company by Wild Dreams Trading Company Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Wild Dreams Trading Company Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Wild Dreams Trading Company Private Limited | Disposed |
To see the full case history of Ascendancy Financial Services 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 Ascendancy Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascendancy Financial Services Private Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Ascendancy Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCA2809A1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascendancy Financial Services Private Limited, buy the company report.
Recent activity
Ascendancy Financial Services Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Chetan Rajan Vasudeva ceased to be Managing Director on 15 Mar 2014.
Frequently asked questions
Ascendancy Financial Services is an active private limited company based in Jammu, Jammu And Kashmir, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 22 February 2012 (14+ years old) and is registered under CIN U52100JK2012PTC003476.
Ascendancy Financial Services has 2 current directors:
- Shweta Naresh Shah - Director
- Naresh Jayantilal Shah - Director
The latest financial statements of Ascendancy Financial Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascendancy Financial Services is 24AAKCA2809A1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Ascendancy Financial Services is U52100JK2012PTC003476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascendancy Financial Services has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the nclat.
Ascendancy Financial Services was incorporated on 22 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Jammu.
Chetan Rajan Vasudeva ceased to be Managing Director on 15 Mar 2014. Naresh Jayantilal Shah ceased to be Additional Director on 29 Sep 2012. Shweta Naresh Shah ceased to be Additional Director on 29 Sep 2012. Ascendancy Financial Services has 7 board changes on record in total.
Ascendancy Financial Services can be reached through the website ascendancy.in. Its registered office is in Jammu, Jammu And Kashmir, India.
The registered office of Ascendancy Financial Services is at H.No.3 Sector 3 Adjoining Khullar Market Extn. Trikuta Nagar, Jammu, Jammu and Kashmir, India – 180012.