About Ace Engineering Technologies (India) Private Limited
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Ace Engineering Technologies (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 28 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29253KA2009PTC051314. Its GSTIN is 29AAICA0071C1Z3 (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Sequeira Victor and Salvador Sequeira.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.25 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹14.17 Lakh (net margin 1.3%) and EBITDA of ₹42.58 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
The company is associated with 3 brands: Cloud Space Technologies, Ace Engineering Technologies and Race Technologies. As per MCA filings, the company has open charges of ₹2.1 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 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 acetechnologies.co.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address25/1B Yarandhalli Village Hennagara Bommasandra Industrial Area Jigani Link, Road, Bangalore, Karnataka, India – 560099
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Technologies (India) Private Limited
The main business activity of Ace Engineering Technologies (India) is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Technologies (India) Private Limited FY 2024 filings available
Ace Engineering Technologies (India) Private Limited reported revenue of ₹11.25 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ace Engineering Technologies (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 2% growth in the latest year. EBITDA fell 49% 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 Technologies (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹42.58 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.17 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 Ace Engineering Technologies (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Technologies (India) are in the company report.
Financial statements from 2015
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 Technologies (India) Private Limited
Ace Engineering Technologies (India) Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Merrick Industries Private Limited | •••• | •••• | •••• | •••• | 17 | Bangalore, Karnataka, India |
| Transtec Overseas Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Relicomp Elevators Private Limited | •••• | •••• | •••• | •••• | 47 | Bangalore, Karnataka, India |
| Landsky Allied Industries Private Limited | •••• | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| Divine Elevator Private Limited | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Ace Engineering Technologies (India) Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Hark Engineers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Century Fab Tech Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Micro Technocam Equipments Private Limited | •••• | •••• | •••• | •••• | 10 | New Delhi, Delhi, India |
| Energo Products Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Ankit Equipments Private Limited | •••• | •••• | •••• | •••• | 18 | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Ace Engineering Technologies (India) by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ace Engineering Technologies (India) Private Limited
Ace Engineering Technologies (India) Private Limited is audited by ASHOK KHASGIWALA & CO. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASHOK KHASGIWALA & 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 Ace Engineering Technologies (India) Private Limited
Ace Engineering Technologies (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sequeira Victor | Director | 28 Oct 2009 | 16 Years 11 Months | Current |
| Salvador Sequeira | Director | 28 Oct 2009 | 16 Years 11 Months | Current |
Ownership and Shareholding of Ace Engineering Technologies (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 Technologies (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jan 2023 | Hdfc Bank Limited | ₹9.5 Lakh | Open |
| 07 Mar 2011 | Canara Bank | ₹2 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Ace Engineering Technologies (India) Private Limited
Ace Engineering Technologies (India) Private Limited has 3 court cases on record: 3 filed by Ace Engineering Technologies (India). 1 case is pending and 2 are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against Snnap Designtech LLP | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Snnap Designtech LLP | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Snnap Designtech LLP | Disposed |
Full case history
All 3 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 Ace Engineering Technologies (India) Private Limited
Ace Engineering Technologies (India) Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 68 overdue payments to 13 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 (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Susheel Engineering Corporation | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 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.
Associated Brands with Ace Engineering Technologies (India) Private Limited
Ace Engineering Technologies (India) operates multiple associated brands including Cloud Space Technologies, Ace Engineering Technologies, and Race Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers cloud-based software solutions for businesses. | cloudspacetechnologies.com | |
| Automotive parts and accessories are supplied for vehicle enthusiasts. | racetechnologies.com | |
| Manufacturing and servicing of cranes and material handling equipment in India. | acetechnologies.co |
Employees and EPFO Compliance at Ace Engineering Technologies (India) Private Limited
Employment history and EPFO contributions of people linked to Ace Engineering Technologies (India).
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 Technologies (India) Private Limited
Ace Engineering Technologies (India) Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Salvador Sequeira was appointed as Director on 28 Oct 2009.
Credit Ratings, Litigation & Regulatory Alerts for Ace Engineering Technologies (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.
Subsidiaries & Group Companies of Ace Engineering Technologies (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 Technologies (India) Private Limited
Ace Engineering Technologies (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICA0071C1Z3 | Karnataka | Active | 01 Jul 2017 |
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 Technologies (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 Technologies (India) Private Limited
Ace Engineering Technologies (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 28 October 2009 (17+ years old) and is registered under CIN U29253KA2009PTC051314.
Ace Engineering Technologies (India) reported revenue of ₹11.25 Cr for FY 2024 (up 2% YoY).
Ace Engineering Technologies (India) has 2 current directors:
- Sequeira Victor - Director
- Salvador Sequeira - Director
Ace Engineering Technologies (India) reported a net profit of ₹14.17 Lakh (net margin 1.3%) and EBITDA of ₹42.58 Lakh (EBITDA margin 3.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ace Engineering Technologies (India) is 10% over three years and 7% over five years. In the latest year (FY 2024) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ace Engineering Technologies (India) is 29AAICA0071C1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Ace Engineering Technologies (India) is U29253KA2009PTC051314. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Engineering Technologies (India) has 3 court cases on record: 3 filed by the company. 1 is pending.
Ace Engineering Technologies (India) was incorporated on 28 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ace Engineering Technologies (India) by revenue are Merrick Industries Private Limited, Transtec Overseas Private Limited, Relicomp Elevators Private Limited, Landsky Allied Industries Private Limited, Divine Elevator Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Salvador Sequeira was appointed as Director on 28 Oct 2009. Sequeira Victor was appointed as Director on 28 Oct 2009.
Ace Engineering Technologies (India) has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 68 overdue payments to 13 micro and small suppliers. The latest return was filed on 29 Aug 2023.