MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0035098
Ace Furnaces Private Limited - machinery and equipment in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹88.05 Cr
▲ 8% YoY
Net profit · FY 2025
₹5.29 Cr
Net margin 6%
EBITDA · FY 2025
₹8.29 Cr
EBITDA margin 9.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹12.62 Cr
Satisfied ₹17.4 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
58
Provident fund records
About Ace Furnaces Private Limited
Data last updated:
Ace Furnaces Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 24 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29242MH2014PTC253538. Its GSTIN is 27AAMCA4586A1ZN (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Nitin Jagannath Phirake and Kailash Vishnu Nasta.
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 Office No. 130 1st Floor Lodha Supremus II Road No. 22 Wagle Estate, Thane, Maharashtra, India – 400604.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.05 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹5.29 Cr (net margin 6%) and EBITDA of ₹8.29 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 21% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ACE Furnaces. As per MCA filings, the company has open charges of ₹12.62 Cr and satisfied charges of ₹17.4 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Ace Furnaces Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0035098). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acefurnaces.com.
Company details
CIN U29242MH2014PTC253538
Registration Number 253538
Incorporation Date 24 February 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0035098
Key People
Nitin Jagannath Phirake Director Kailash Vishnu Nasta Director Rhea Kailash Nasta Director Recognitions & Rankings of Ace Furnaces
Contact details
Ace Furnaces Private Limited's registered office is in Thane, Maharashtra. Its website is acefurnaces.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 130 1st Floor Lodha Supremus II Road No. 22 Wagle Estate, Thane, Maharashtra, India – 400604
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Ace Furnaces Private Limited, buy the company report.
Comprehensive company report
Ace Furnaces Private Limited - one report that includes everything
- 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
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Brands
Ace Furnaces operates one associated brand: ACE Furnaces. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying industrial heat treatment furnaces for various applications. | acefurnaces.com |
Business activity
The main business activity of Ace Furnaces is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ace Furnaces Private Limited, buy the company report.
Financials of Ace Furnaces Private Limited
FY 2025 filings availableAce Furnaces Private Limited reported revenue of ₹88.05 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹88.05 Cr ▲ 8%
Net profit · FY 2025
₹5.29 Cr margin 6%
EBITDA · FY 2025
₹8.29 Cr margin 9.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 10%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 65%
3 years · compounded
▲ 55%
5 years · compounded
▲ 94%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 8% growth in the latest year. EBITDA rose 65% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.29 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ace Furnaces Private Limited, buy the company report.
Board of directors of Ace Furnaces Private Limited
Ace Furnaces has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Jagannath Phirake | Director | 19 Aug 2014 | 12 Years 2 Months | Current |
| Kailash Vishnu Nasta | Director | 19 Aug 2014 | 12 Years 2 Months | Current |
| Rhea Kailash Nasta | Director | 02 Apr 2025 | 1 Years 7 Months | Current |
Auditor
Ace Furnaces Private Limited is audited by ASHWINI SINGH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHWINI SINGH AND ASSOCIATES | FY 2023 | 601925 |
Shareholding
The shareholding of Ace Furnaces Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ace Furnaces Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.62 Cr
Satisfied charges
₹17.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2025 | 101085782 | Others | ₹10 Cr | Open | |
| 29 Mar 2025 | 101085777 | Others | ₹1 Cr | Open | |
| 24 Aug 2023 | 100787906 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 18 Aug 2017 | 100133634 | Others | ₹30.9 Lakh | Open | |
| 18 Aug 2017 | 100133635 | Others | ₹30.9 Lakh | Open |
To see the full charge records of Ace Furnaces Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Ace Furnaces Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S. Tubeline Engineers and Fabricators | Disposed |
To see the full case history of Ace Furnaces 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.
Credit ratings & regulatory alerts
Ace Furnaces Private Limited was last rated by Crisil on 13 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Sep 2021 |
To see the full credit ratings and regulatory alerts of Ace Furnaces Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ace Furnaces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ace Furnaces Private Limited has a workforce of 58 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
58
Active EPFO establishments
1
Employee growth
-43.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 58 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ace Furnaces Private Limited, buy the company report.
GST
Ace Furnaces has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA4586A1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ace Furnaces Private Limited, buy the company report.
Recent activity
Ace Furnaces Private Limited has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Rhea Kailash Nasta ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Others of Rs. 1,000.00 Lakh registered on 29 Mar 2025 with Charge ID 101085782 was modified on 13 Oct 2025.
Charges
A charge with Others of Rs. 100.00 Lakh registered on 29 Mar 2025 with Charge ID 101085777 was modified on 13 Oct 2025.
AGM
Ace Furnaces Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Rhea Kailash Nasta ceased to be Additional Director.
Charges
A charge registered on 11 Nov 2022 via Charge ID 100647633 with Others was fully satisfied on 14 Jul 2025.
Ceased
Amjad Ahmed Sheikh ceased to be Director.
Ceased
Prashant Dattatray Patil ceased to be Director.
Appointed
Rhea Kailash Nasta was appointed as Director.
Filing
Ace Furnaces Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 101085782 was registered on 29 Mar 2025.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 101085777 was registered on 29 Mar 2025.
Charges
A charge registered on 20 Feb 2018 via Charge ID 100159920 with Hdfc Bank Limited was fully satisfied on 12 Sep 2023.
19 earlier events are in the company report.
Frequently asked questions
Ace Furnaces is an active private limited company based in Thane, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 24 February 2014 (12+ years old) and is registered under CIN U29242MH2014PTC253538.
Ace Furnaces has 3 current directors:
- Nitin Jagannath Phirake - Director
- Kailash Vishnu Nasta - Director
- Rhea Kailash Nasta - Director
The latest financial statements of Ace Furnaces on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ace Furnaces is 27AAMCA4586A1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ace Furnaces is U29242MH2014PTC253538. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Furnaces has 1 court case on record: 1 filed against it.
Ace Furnaces was incorporated on 24 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Rhea Kailash Nasta ceased to be Additional Director on 29 Sep 2025. Amjad Ahmed Sheikh ceased to be Director on 02 Apr 2025. Prashant Dattatray Patil ceased to be Director on 02 Apr 2025. Ace Furnaces has 10 board changes on record in total.
Yes, Ace Furnaces is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0035098).
Ace Furnaces can be reached through the website acefurnaces.com. Its registered office is in Thane, Maharashtra, India.
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