MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0069476
Ascenwork Technologies Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.54 Cr
▼ 60% YoY
Net loss · FY 2025
₹18.31 Lakh
Net margin -11.9%
EBITDA · FY 2025
-₹14.82 Lakh
EBITDA margin -9.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
32
Provident fund records
Directors on board
2
As per MCA filings
About Ascenwork Technologies Private Limited
Data last updated:
Ascenwork Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC305355. Its GSTIN is 27AAQCA5417J1ZC (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Gayatri Shah Yogesh and Shripal Kishorebhai Shah.
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 A/87 8th Floor Aspire Kalpataru Crest Bhandup West, Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.54 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹18.31 Lakh (net margin -11.9%) and EBITDA of -₹14.82 Lakh (EBITDA margin -9.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 8% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AscenWork.
Ascenwork Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0069476). For more details, the company can be reached via its website ascenwork.com.
Company Details of Ascenwork Technologies Private Limited
CIN U74999MH2018PTC305355
Registration Number 305355
Incorporation Date 21 February 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0069476
Recognitions & Rankings of Ascenwork Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA/87 8th Floor Aspire Kalpataru Crest Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryInformation Technology, IT Consulting & Support Services
Comprehensive company report
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Associated Brands with Ascenwork Technologies Private Limited
Ascenwork Technologies operates one associated brand: AscenWork. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers SharePoint development, Power BI analytics, and business automation services. | ascenwork.com |
Business Activity of Ascenwork Technologies Private Limited
The main business activity of Ascenwork Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
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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 Ascenwork Technologies Private Limited FY 2025 filings available
Ascenwork Technologies Private Limited reported revenue of ₹1.54 Cr (down 60% YoY) for FY 2025.
Revenue · FY 2025
₹1.54 Cr ▼ 60%
Net loss · FY 2025
₹18.31 Lakh margin -11.9%
EBITDA · FY 2025
-₹14.82 Lakh margin -9.6%
Compounded Annual Growth Rate (CAGR) of Ascenwork Technologies Private Limited
Revenue CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 18%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 130%
3 years · compounded
▼ 33%
5 years · compounded
▼ 25%
Revenue fell 60% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 130% 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 Ascenwork Technologies 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 | -₹14.82 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.31 Lakh | •••• | •••• | •••• | •••• |
| 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 Ascenwork Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -11.9% | •••• | •••• | •••• | •••• |
| 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 Ascenwork Technologies are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Ascenwork Technologies Private Limited
Ascenwork Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gayatri Shah Yogesh Also directs: Ascenwork AI Services LLP, Maker's Mark Media LLP | Director | 21 Feb 2018 | 8 Years 7 Months | Current |
| Shripal Kishorebhai Shah Also directs: Craftinghr Software Solutions LLP, Ascenwork AI Services LLP | Director | 21 Feb 2018 | 8 Years 7 Months | Current |
Peer Comparison of Ascenwork Technologies Private Limited
Ascenwork Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tejosma Technologies Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Waveparticle Technologies Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 479.0% | •••• | Bangalore, Karnataka, India |
| Fluous Solutions Private Limited | ₹1.54 Cr (FY 2022) | •••• | •••• | -38.0% | •••• | Navi Mumbai, Maharashtra, India |
| Synergy Software Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| I Five Technology Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Chennai, Tamil Nadu, India |
| Ascenwork Technologies Private Limited this company | ₹1.54 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Mumbai, Maharashtra, India |
| Ai4m Technology Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Pune, Maharashtra, India |
| MBS Infosolution Private Limited | ₹1.53 Cr (FY 2021) | •••• | •••• | 1065.0% | •••• | New Delhi, Delhi, India |
| Canticle Technologies Private Limited | ₹1.53 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Delhi, India |
| Isn Softech Private Limited | ₹1.53 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Ahmedabad, Gujarat, India |
| Sikich India Technologies Private Limited | ₹1.53 Cr (FY 2020) | •••• | •••• | -35.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ascenwork Technologies by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Ascenwork Technologies Private Limited
Ascenwork Technologies Private Limited is audited by HARIT SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HARIT SHAH & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Ascenwork Technologies Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Ascenwork Technologies Private Limited
Ascenwork Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ascenwork Technologies Private Limited
Ascenwork Technologies Private Limited has a workforce of 32 employees as of Apr 08, 2024.
Employee count
32
Active EPFO establishments
1
Employee growth
52.38%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Ascenwork Technologies Private Limited
Ascenwork Technologies Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Gayatri Shah Yogesh was appointed as Director on 21 Feb 2018.
AGM
Ascenwork Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ascenwork Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Gayatri Shah Yogesh was appointed as Director.
Appointed
Shripal Kishorebhai Shah was appointed as Director.
Incorporation
21 Feb 2018
Ascenwork Technologies Private Limited was registered on 21 Feb 2018 with Roc Mumbai & aged 8 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Ascenwork Technologies Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Ascenwork Technologies Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Ascenwork Technologies Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Ascenwork Technologies Private Limited
Ascenwork Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCA5417J1ZC | Maharashtra | Active | 11 Apr 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Ascenwork Technologies Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Ascenwork Technologies Private Limited
Ascenwork Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 21 February 2018 (8+ years old) and is registered under CIN U74999MH2018PTC305355.
Ascenwork Technologies reported revenue of ₹1.54 Cr for FY 2025 (down 60% YoY).
Ascenwork Technologies has 2 current directors:
- Gayatri Shah Yogesh - Director
- Shripal Kishorebhai Shah - Director
Ascenwork Technologies reported a net loss of ₹18.31 Lakh (net margin -11.9%) and EBITDA of -₹14.82 Lakh (EBITDA margin -9.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ascenwork Technologies is -18% over three years and 8% over five years. In the latest year (FY 2025) revenue fell 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ascenwork Technologies is 27AAQCA5417J1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ascenwork Technologies is U74999MH2018PTC305355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascenwork Technologies was incorporated on 21 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ascenwork Technologies by revenue are Tejosma Technologies Private Limited, Waveparticle Technologies Private Limited, Fluous Solutions Private Limited, Synergy Software Limited, I Five Technology Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Gayatri Shah Yogesh was appointed as Director on 21 Feb 2018. Shripal Kishorebhai Shah was appointed as Director on 21 Feb 2018.
Yes, Ascenwork Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0069476).