MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0059472
Ace Gas Conversions Private Limited - automotive in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹70.75 Cr
▲ 20% YoY
Net profit · FY 2023
₹29.69 Lakh
Net margin 0.4%
EBITDA · FY 2023
₹2.15 Cr
EBITDA margin 3%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.61 Cr
Issued & subscribed
Open charges
₹46.27 Cr
Satisfied ₹42.27 Cr
Company age
25 yrs
Est. 2001
Directors on board
3
As per MCA filings
About Ace Gas Conversions Private Limited
Data last updated:
Ace Gas Conversions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 09 July 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50200MH2001PTC132654. Its GSTIN is 27AADCA1395A1Z3 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.61 Cr. It was formerly known as Ace Lpg Car Kits Private Limited. It is led by directors including Sunil Mathur and Amitkumar Lalitchandra 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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹70.75 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹29.69 Lakh (net margin 0.4%) and EBITDA of ₹2.15 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years and 535% over five years.
The company is associated with 1 brand: Ace Gas Conversions. As per MCA filings, the company has open charges of ₹46.27 Cr and satisfied charges of ₹42.27 Cr on record. Court records list 11 cases involving the company, including 10 filed by the company and 1 filed against it.
Ace Gas Conversions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0059472). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acegasconversions.com.
Company details
CIN U50200MH2001PTC132654
Registration Number 132654
Incorporation Date 09 July 2001
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0059472
Key People
Sunil Mathur Director Amitkumar Lalitchandra Shah Director Vardhaman Amitkumar Shah Director Recognitions & Rankings of Ace Gas Conversions
Contact details
Ace Gas Conversions Private Limited's registered office is in Mumbai, Maharashtra. Its website is acegasconversions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address704 705 Lodha Supremus Plot No. 08 (Pt) Ct – 05, Commercial Tower New Cuff Parade Wadala (E), Mumbai, Maharashtra, India – 400037
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Ace Gas Conversions Private Limited, buy the company report.
Comprehensive company report
Ace Gas Conversions 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 Gas Conversions operates one associated brand: Ace Gas Conversions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Alternative fuel innovations and solutions in India. | acegas.in |
Financials of Ace Gas Conversions Private Limited
FY 2025 filings availableAce Gas Conversions Private Limited reported revenue of ₹70.75 Cr (up 20% YoY) for FY 2023.
Revenue · FY 2023
₹70.75 Cr ▲ 20%
Net profit · FY 2023
₹29.69 Lakh margin 0.4%
EBITDA · FY 2023
₹2.15 Cr margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 109%
5 years · compounded
▲ 535%
EBITDA CAGR growth
1 year
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 535% over five years, including 20% growth in the latest year. EBITDA rose 3% 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 | ₹70.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.69 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ace Gas Conversions Private Limited, buy the company report.
Board of directors of Ace Gas Conversions Private Limited
Ace Gas Conversions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Mathur | Director | 22 Jun 2022 | 4 Years 4 Months | Current |
| Amitkumar Lalitchandra Shah Also directs: Jyotex Energy LLP, Ace Tomasetto Engineering Private Limited, Light Dynamics Cylinders India Private Limited and 1 more | Director | 09 Jul 2001 | 25 Years 3 Months | Current |
| Vardhaman Amitkumar Shah | Director | 15 Sep 2022 | 4 Years 1 Months | Current |
Auditor
Ace Gas Conversions Private Limited is audited by S.M.T & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.M.T & ASSOCIATES | FY 2023 | 141484W |
Shareholding
The shareholding of Ace Gas Conversions 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ace Gas Conversions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹46.27 Cr
Satisfied charges
₹42.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2026 | 101225957 | Others | ₹4 Cr | Open | |
| 26 Sep 2025 | 101168615 | The Hongkong and Shanghai Banking Corporation Limited | ₹4 Cr | Open | |
| 25 Jul 2025 | 101133754 | Others | ₹1.56 Cr | Open | |
| 27 Mar 2025 | 101078061 | Others | ₹32 Lakh | Open | |
| 20 Jan 2025 | 101038986 | Others | ₹20 Cr | Open |
To see the full charge records of Ace Gas Conversions Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Ace Gas Conversions Private Limited has 11 court cases on record: 10 filed by Ace Gas Conversions, 1 filed against it. All cases are disposed.
Total cases
11
Filed by the company
10
Filed against the company
1
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ms Mumbai Gold Cabs Pvt Ltd | Disposed |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Ms. Mumbai Gold Cabs Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ms Mumbai Gold Cabs Pvt Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ms STG Autogas Systems Pvt. Ltd. | Disposed |
| Bombay High Court | Appeal | Filed by the company | Disposed |
To see the full case history of Ace Gas Conversions 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
Ace Gas Conversions Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tomasetto Achille India Private Limited |
To see the full MSME payment records of Ace Gas Conversions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ace Gas Conversions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA1395A1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ace Gas Conversions Private Limited, buy the company report.
Recent activity
Ace Gas Conversions Private Limited has 7 board changes on record since 2001: 5 appointments and 2 cessations. The latest: Nikunj Dhirendra Barot ceased to be Director on 18 Jan 2024.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101225957 was registered on 13 Jan 2026.
Charges
A charge with Others of Rs. 3.50 Cr registered on 24 May 2024 with Charge ID 100937232 was modified on 13 Jan 2026.
AGM
Ace Gas Conversions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 4.00 Cr with Charge ID 101168615 was registered on 26 Sep 2025.
Charges
A charge registered on 30 Apr 2024 via Charge ID 100916694 with Others was fully satisfied on 11 Sep 2025.
Charges
A charge with Others amounted to Rs. 1.56 Cr with Charge ID 101133754 was registered on 25 Jul 2025.
Charges
A charge registered on 26 Oct 2023 via Charge ID 100803128 with Others was fully satisfied on 10 Jun 2025.
Charges
A charge registered on 07 Jan 2023 via Charge ID 100667884 with Others was fully satisfied on 10 Jun 2025.
Charges
A charge registered on 07 Jun 2022 via Charge ID 100581246 with Others was fully satisfied on 10 Jun 2025.
Charges
A charge registered on 24 Jun 2021 via Charge ID 100460724 with Others was fully satisfied on 10 Jun 2025.
Filing
Ace Gas Conversions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 101078061 was registered on 27 Mar 2025.
32 earlier events are in the company report.
Frequently asked questions
Ace Gas Conversions is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 09 July 2001 (25+ years old) and is registered under CIN U50200MH2001PTC132654.
Ace Gas Conversions has 3 current directors:
- Sunil Mathur - Director
- Amitkumar Lalitchandra Shah - Director
- Vardhaman Amitkumar Shah - Director
The latest financial statements of Ace Gas Conversions 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 Gas Conversions is 27AADCA1395A1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ace Gas Conversions is U50200MH2001PTC132654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Gas Conversions has 11 court cases on record: 10 filed by the company and 1 filed against it. Most are in the district courts.
Ace Gas Conversions was incorporated on 09 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Nikunj Dhirendra Barot ceased to be Director on 18 Jan 2024. Vardhaman Amitkumar Shah was appointed as Director on 15 Sep 2022. Sunil Mathur was appointed as Director on 22 Jun 2022. Ace Gas Conversions has 7 board changes on record in total.
Yes, Ace Gas Conversions is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0059472).
Ace Gas Conversions has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 1 micro and small supplier. The latest return was filed on 09 Jun 2019.
Ace Gas Conversions can be reached through the website acegasconversions.com. Its registered office is in Mumbai, Maharashtra, India.