About Ace Engineering Solutions India Private Limited
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Ace Engineering Solutions India Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 09 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29308PN2018PTC177591. Its GSTIN is 27AARCA1013D1Z4 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.25 Cr. It is led by directors including Angad Satvinder Kalra and Ashok Kumar Sadhairam Shaw.
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 Plot No. Pap – K – 11 Chakan MIDC Area Phase II Khalumbre Taluka Khed, Pune, Maharashtra, India – 410501.
As per the financials filed for FY 2025, the company reported a revenue of ₹83 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹8.76 Cr (net margin 10.6%) and EBITDA of ₹10.37 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 52% over five years.
The company has about 110 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40.11 Cr on record. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in August 2024. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is GT Electronic (India) Private Limited with revenue of ₹84.29 Cr.
For more details, the company can be reached via its website acegroup.me.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. Pap – K – 11 Chakan MIDC Area Phase II Khalumbre Taluka Khed, Pune, Maharashtra, India – 410501
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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 Ace Engineering Solutions India Private Limited
The main business activity of Ace Engineering Solutions India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Ace Engineering Solutions India Private Limited FY 2024 filings available
Ace Engineering Solutions India Private Limited reported revenue of ₹83 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ace Engineering Solutions India Private Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 52%. 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 of Ace Engineering Solutions India 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 | ₹10.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.76 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 Ace Engineering Solutions India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.6% | •••• | •••• | •••• | •••• |
| 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 Ace Engineering Solutions India are in the company report.
Financial statements from FY 2019
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 Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GT Electronic (India) Private Limited | ₹84.29 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Vannur, Tamil Nadu, India |
| Amperehour Solar Technology Private Limited | ₹83.91 Cr (FY 2025) | •••• | •••• | 285.0% | •••• | Khed, Maharashtra, India |
| Garg Cables & Silicones Private Limited | ₹83.28 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Sirsa, Haryana, India |
| Banmore Electricals Pvt Ltd | ₹83.12 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Gwalior, Madhya Pradesh, India |
| Nasik Metaldust Pvt Ltd | ₹83.01 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Nashik, Maharashtra, India |
| Ace Engineering Solutions India Private Limited this company | ₹83 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Pune, Maharashtra, India |
| Apt Power Engineering Private Limited | ₹82.89 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Patancheru, Telangana, India |
| Devsun Solar Private Limited | ₹82.63 Cr (FY 2016) | •••• | •••• | 44.0% | •••• | Ahmedabad, Gujarat, India |
| Kailashnath Infrastructure Private Limited | ₹82.54 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Rajkot, Gujarat, India |
| Epc International Private Limited | ₹82.51 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Jalpaiguri, West Bengal, India |
| Unique Power and Automation Private Limited | ₹82.36 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Ace Engineering Solutions India by revenue in the Power industry (Power Equipment Manufacturers), 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 Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India Private Limited is audited by S.D.DALE & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.D.DALE & COMPANY | 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 Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Angad Satvinder Kalra | Director | 18 Dec 2018 | 7 Years 9 Months | Current |
| Ashok Kumar Sadhairam Shaw Also directs: Mohite and Shaw Pistons (India) Private Limited | Director | 01 Oct 2023 | 3 Years 0 Months | Current |
| Prasanna Rama Rao Udupi Also directs: Upasana Retreat Private Limited | Director | 09 Jul 2018 | 8 Years 3 Months | Current |
Ownership and Shareholding of Ace Engineering Solutions India 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 Ace Engineering Solutions India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2025 | Axis Bank Limited | ₹9.5 Cr | Open |
| 12 Feb 2025 | Axis Bank Limited | ₹31.21 Lakh | Open |
| 30 Nov 2024 | Axis Bank Limited | ₹2.85 Cr | Open |
| 18 Oct 2024 | Axis Bank Limited | ₹32.97 Lakh | Open |
| 06 May 2024 | Axis Bank Limited | ₹15.19 Lakh | Open |
Total charge records: 12 View all charges
Deals & Funding of Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in August 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Rights issue | ₹20 Cr | Investors: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jul 2020 | Rights issue | ₹2.26 Cr | Investors: 2 individuals |
| Nov 2018 | Rights issue | ₹4.98 Cr | Investors: 4 individuals |
Full deal history
All 4 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.
Employees and EPFO Compliance at Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India Private Limited has a workforce of 110 employees as of Mar 27, 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.
Recent Activity on Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Ashok Kumar Sadhairam Shaw ceased to be Additional Director on 29 Sep 2024.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ace Engineering Solutions India 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.
MSME Payment Delays by Ace Engineering Solutions India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ace Engineering Solutions India 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 Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCA1013D1Z4 | Maharashtra | Active | 13 Aug 2018 |
| 29AARCA1013D1Z0 | Karnataka | Active | 18 Dec 2020 |
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 Ace Engineering Solutions India 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 Ace Engineering Solutions India Private Limited
Ace Engineering Solutions India is an active private limited company based in Pune, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 09 July 2018 (8+ years old) and is registered under CIN U29308PN2018PTC177591.
Ace Engineering Solutions India reported revenue of ₹83 Cr for FY 2025 (down 6% YoY).
Ace Engineering Solutions India has 3 current directors:
- Angad Satvinder Kalra - Director
- Ashok Kumar Sadhairam Shaw - Director
- Prasanna Rama Rao Udupi - Director
Ace Engineering Solutions India reported a net profit of ₹8.76 Cr (net margin 10.6%) and EBITDA of ₹10.37 Cr (EBITDA margin 12.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ace Engineering Solutions India is 13% over three years and 52% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ace Engineering Solutions India is 27AARCA1013D1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AARCA1013D1Z0 (Karnataka).
The CIN (Corporate Identification Number) of Ace Engineering Solutions India is U29308PN2018PTC177591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Engineering Solutions India was incorporated on 09 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
Ace Engineering Solutions India has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in August 2024.
The peers of Ace Engineering Solutions India by revenue are GT Electronic (India) Private Limited, Amperehour Solar Technology Private Limited, Garg Cables & Silicones Private Limited, Banmore Electricals Pvt Ltd, Nasik Metaldust Pvt Ltd and 5 more, all in the Power industry (Power Equipment Manufacturers).
Ashok Kumar Sadhairam Shaw ceased to be Additional Director on 29 Sep 2024. Ashok Kumar Sadhairam Shaw was appointed as Director on 01 Oct 2023. Satvindersingh Jogindersingh Kalra ceased to be Director on 11 Jan 2019. Ace Engineering Solutions India has 5 board changes on record in total.