About Ascendas Firstspace Development Management Private Limited
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Ascendas Firstspace Development Management Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Ascendas India Logistics Holdings Pte Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 24 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70200TN2016PTC113493. Its GSTIN is 33AACCF9858Q1ZT (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹33 Cr and a paid-up capital of ₹30.83 Cr. It was formerly known as Firstspace Development Management Private Limited. It is led by directors Nupur Gulati and Seenuvasan Ganesan.
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 8 First Floor Pinnacle Building International Tech Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.41 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹1.65 Cr (net margin 4%) and EBITDA of ₹2.3 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2021. Its 10 peer companies in the Infrastructure industry (Infrastructure Services) are compared by revenue, 5 larger and 5 smaller; the largest is P.Rayin Constructions Company Private Limited with revenue of ₹42.69 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website capitaland.com.
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- Website
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- Registered AddressUnit No.7 & 8 First Floor Pinnacle Building International Tech Park Csir Road Tara, Mani, Chennai, Tamil Nadu, India – 600113
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Business Activity of Ascendas Firstspace Development Management Private Limited
The main business activity of Ascendas Firstspace Development Management is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ascendas Firstspace Development Management Private Limited FY 2024 filings available
Ascendas Firstspace Development Management Private Limited reported revenue of ₹41.41 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ascendas Firstspace Development Management Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 38% growth in the latest year. EBITDA rose 1% 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 of Ascendas Firstspace Development Management Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.3 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.65 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ascendas Firstspace Development Management Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ascendas Firstspace Development Management are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P.Rayin Constructions Company Private Limited | ₹42.69 Cr (FY 2024) | •••• | •••• | 70.0% | •••• | Cherambadi, Tamil Nadu, India |
| Prodapt Infrastructure Holdings Private Limited | ₹42.62 Cr (FY 2025) | •••• | •••• | 689.0% | •••• | Chennai, Tamil Nadu, India |
| Athaang Infrastructure Private Limited | ₹42.02 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Ideck Limited | ₹42.01 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Bangalore, Karnataka, India |
| Shalimar Malls Private Limited | ₹41.98 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | New Delhi, Delhi, India |
| Ascendas Firstspace Development Management Private Limited this company | ₹41.41 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Chennai, Tamil Nadu, India |
| SGRG Infra Solutions Private Limited | ₹41.31 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Kanpur, Uttar Pradesh, India |
| Maragathammbal Industrial and Logistics Park Private Limited | ₹40.55 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Chennai, Tamil Nadu, India |
| Advanced Infratech Private Limited | ₹40.39 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Nanak Infratech Private Limited | ₹40.35 Cr (FY 2024) | •••• | •••• | •••• | Gurugram, Haryana, India | |
| Asiatics Infratechh Private Limited | ₹40.18 Cr (FY 2025) | •••• | •••• | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ascendas Firstspace Development Management by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited is audited by BSR & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BSR & Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management 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 |
|---|---|---|---|---|
| Nupur Gulati | Director | 30 Jan 2018 | 8 Years 8 Months | Current |
| Seenuvasan Ganesan | Director | 12 Mar 2021 | 5 Years 7 Months | Current |
Ownership and Shareholding of Ascendas Firstspace Development Management Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Firstspace Realty LLP Seller: an individual |
| Feb 2019 | Rights issue | ₹15.65 Cr | Investors: Ascendas India Logistics Holdings Pte Limited |
| May 2017 | Rights issue | ₹15.18 Cr | Investors: Ascendas India Logistics Holdings Pte Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited has 2 court cases on record: 2 where it is another party. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Company is another party | Disposed |
| District court, Thane, Maharashtra | Civil suit | Company is another party | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Moksh Travels India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited has a workforce of 37 employees as of Apr 10, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Ascendas Firstspace Development Management Private Limited
Recent Activity on Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management Private Limited has 12 board changes on record since 2016: 7 appointments and 5 cessations. The latest: Senthil Vijayasundaram ceased to be Director on 02 Apr 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ascendas Firstspace Development Management Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ascendas Firstspace Development Management Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCF9858Q1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 27AACCF9858Q1ZM | Maharashtra | Active | 30 Aug 2017 |
| 27AACCF9858Q2ZL | Maharashtra | Active | 09 Jul 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ascendas Firstspace Development Management Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management is an active private limited company based in Chennai, Tamil Nadu, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 24 November 2016 (10+ years old) and is registered under CIN U70200TN2016PTC113493.
Ascendas Firstspace Development Management reported revenue of ₹41.41 Cr for FY 2025 (up 38% YoY).
Ascendas Firstspace Development Management has 2 current directors:
- Nupur Gulati - Director
- Seenuvasan Ganesan - Director
Ascendas Firstspace Development Management reported a net profit of ₹1.65 Cr (net margin 4%) and EBITDA of ₹2.3 Cr (EBITDA margin 5.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ascendas Firstspace Development Management is 16% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ascendas Firstspace Development Management is 33AACCF9858Q1ZT, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AACCF9858Q1ZM (Maharashtra), 27AACCF9858Q2ZL (Maharashtra).
The CIN (Corporate Identification Number) of Ascendas Firstspace Development Management is U70200TN2016PTC113493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascendas Firstspace Development Management has 2 court cases on record. Most are in the high courts.
Ascendas Firstspace Development Management was incorporated on 24 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Ascendas Firstspace Development Management has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2021.
The peers of Ascendas Firstspace Development Management by revenue are P.Rayin Constructions Company Private Limited, Prodapt Infrastructure Holdings Private Limited, Athaang Infrastructure Private Limited, Ideck Limited, Shalimar Malls Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Senthil Vijayasundaram ceased to be Director on 02 Apr 2025. Dharmiah Suresh Kumar ceased to be Director on 12 Mar 2021. Seenuvasan Ganesan was appointed as Director on 12 Mar 2021. Ascendas Firstspace Development Management has 12 board changes on record in total.