About Asg Worldwide Private Limited
Data last updated:
Asg Worldwide Private Limited was a foreign private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Asg Technologies Group Inc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 August 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016FTC164821. Its GSTIN is 33AAOCA6311R1ZA (Tamil Nadu). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Thiagaraj Selvaraj and Lalit Maheshwari.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹109.59 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹12.47 Cr (net margin 11.4%) and EBITDA of ₹17.71 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 14% over five years.
The company had about 230 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: ASG Technologies. Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is asg.com.
Company details
CIN history
Asg Worldwide has one previous CIN (Corporate Identification Number): U72200TN2016FTC111784. The current CIN is U72200KA2016FTC164821, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2016FTC164821 | Current |
| U72200TN2016FTC111784 | Previous |
Contact details
Asg Worldwide Private Limited's registered office is in Bangalore, Karnataka. Its website is asg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd And 3rd Floor Of Tejas Arcade 527/B 528/A 529/A – 9/1 1st Main Road Block Subramanya, Nagar W9, Bangalore, Karnataka, India – 560010
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Asg Worldwide 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
Asg Worldwide operates one associated brand: ASG Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based unified IT management solution for businesses | asg.com |
Financials of Asg Worldwide Private Limited
FY 2023 filings availableAsg Worldwide Private Limited reported revenue of ₹109.59 Cr (up 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 14% growth in the latest year. EBITDA fell 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹109.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.47 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 | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | ||||
| Net Profit Margin | 11.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Asg Worldwide Private Limited, buy the company report.
Board of directors of Asg Worldwide Private Limited
Asg Worldwide has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thiagaraj Selvaraj Also directs: Rocket Software Development India Private Limited | Director | 13 Feb 2018 | 8 Years 8 Months | As last reported |
| Lalit Maheshwari Also directs: Rocket Software Development India Private Limited | Director | 30 Sep 2021 | 5 Years 0 Months | As last reported |
Auditor
Asg Worldwide Private Limited is audited by WALKER CHANDIOK & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WALKER CHANDIOK & CO LLP | FY 2023 | 001076N |
Shareholding
The shareholding of Asg Worldwide 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asg Worldwide Private Limited, buy the company report.
Legal cases
Asg Worldwide Private Limited has 1 court case on record: 1 filed by Asg Worldwide. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company against an individual | Disposed |
To see the full case history of Asg Worldwide 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
Asg Worldwide Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 5 overdue payments to 3 micro and small suppliers. 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Asg Security India Private Limited | |||
| Anomishere Design Company Private Limited | |||
| Silicon Business Solutions Private Limited |
To see the full MSME payment records of Asg Worldwide Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asg Worldwide Private Limited has a workforce of 230 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Asg Worldwide has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAOCA6311R1ZA | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAOCA6311R1Z4 | Telangana | Active | 10 May 2018 |
To see the full GST registrations and return filing status of Asg Worldwide Private Limited, buy the company report.
Recent activity
Asg Worldwide Private Limited has 9 board changes on record since 2018: 2 appointments and 7 cessations. The latest: Chintan Hasmukhlal Gada ceased to be Director on 04 Aug 2023.
News
Frequently asked questions
Asg Worldwide has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Asg Worldwide was a foreign private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 03 August 2016 and is registered under CIN U72200KA2016FTC164821. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Asg Worldwide was incorporated on 03 August 2016. It is registered with the Registrar of Companies, Bangalore.
Asg Worldwide had 2 directors:
- Thiagaraj Selvaraj - Director
- Lalit Maheshwari - Director
The CIN (Corporate Identification Number) of Asg Worldwide is U72200KA2016FTC164821. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Asg Worldwide is at 2nd And 3rd Floor Of Tejas Arcade 527B 528A 529A – 91 1st Main Road Block Subramanya, Nagar W9, Bangalore, Karnataka, India – 560010.
Asg Worldwide can be reached through the website asg.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Asg Worldwide on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Asg Worldwide is 33AAOCA6311R1ZA, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAOCA6311R1Z4 (Telangana).
Asg Worldwide operated in the information technology industry, in the application development and software solutions segment.
Asg Worldwide has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Nov 2023.