Ace Gas Conversions Private Limited

Ace Gas Conversions Private Limited - automotive in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U50200MH2001PTC132654 Incorporated 09 July 2001 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company automotive MSME · Medium
Data last updated
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 of Ace Gas Conversions Private Limited
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

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-33-0059472
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    acegasconversions.com
  • Social Media
    Locked
  • Registered Address
    704 705 Lodha Supremus Plot No. 08 (Pt) Ct – 05, Commercial Tower New Cuff Parade Wadala (E), Mumbai, Maharashtra, India – 400037
  • Industry
    Automotive, Auto Dealership & Trading
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
  • One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Unlock the full Ace Gas Conversions Private Limited report

Financials, compliance, directors, charges, ownership and filings for Ace Gas Conversions Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Ace Gas Conversions Private Limited

Ace Gas Conversions operates one associated brand: Ace Gas Conversions. Each brand links to its own profile.

BrandDescriptionWebsite
Ace Gas Conversions
Alternative fuel innovations and solutions in India.acegas.in

Financials of Ace Gas Conversions Private Limited FY 2025 filings available

Ace 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) of Ace Gas Conversions Private Limited

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 of Ace Gas Conversions Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 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 of Ace Gas Conversions Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin3%••••••••••••••••
Net Profit Margin0.4%••••••••••••••••
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••••••••••••••••••••

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 Gas Conversions are in the company report.

Premium access

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.

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
NameDesignationAppointment DateTenureStatus
Sunil MathurDirector22 Jun 20224 Years 4 MonthsCurrent
Amitkumar Lalitchandra Shah
Also directs: Jyotex Energy LLP, Ace Tomasetto Engineering Private Limited, Light Dynamics Cylinders India Private Limited and 1 more
Director09 Jul 200125 Years 3 MonthsCurrent
Vardhaman Amitkumar Shah
Also directs: Jyotex Energy LLP, Ace Tomasetto Engineering Private Limited, Tomasetto Achille India Private Limited
Director15 Sep 20224 Years 1 MonthsCurrent
View all directors

Auditor Details of Ace Gas Conversions Private Limited

Ace Gas Conversions Private Limited is audited by S.M.T & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
S.M.T & ASSOCIATESLockedLockedLocked
Premium access

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.

Ownership and Shareholding of Ace Gas Conversions Private Limited

Premium access

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 Gas Conversions Private Limited

Open charges
₹46.27 Cr
Satisfied charges
₹42.27 Cr
Breakdown by lending institutions
Others₹37.77 Cr
Janata Sahakari Bank Ltd Pune₹4.50 Cr
The Hongkong and Shanghai Banking Corporation Limited₹4.00 Cr
Latest charge details
DateLenderAmountStatus
13 Jan 2026Others₹4 CrOpen
26 Sep 2025The Hongkong and Shanghai Banking Corporation Limited₹4 CrOpen
25 Jul 2025Others₹1.56 CrOpen
27 Mar 2025Others₹32 LakhOpen
20 Jan 2025Others₹20 CrOpen

Total charge records: 20 View all charges

MSME Payment Delays by Ace Gas Conversions Private Limited

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)

SupplierAmount dueDue sinceReported on
Tomasetto Achille India Private Limited••••••••••••
Premium access

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.

Employees and EPFO Compliance at Ace Gas Conversions Private Limited

Employment history and EPFO contributions of people linked to Ace Gas Conversions.

Premium access

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 Gas Conversions Private Limited

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 listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Ace Gas Conversions Private Limited

Premium access

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 Gas Conversions Private Limited

Premium access

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 Gas Conversions Private Limited

Ace Gas Conversions has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AADCA1395A1Z3MaharashtraActive01 Jul 2017
Premium access

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 Gas Conversions Private Limited

Premium access

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 Gas Conversions Private Limited

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 reported revenue of ₹70.75 Cr for FY 2023 (up 20% YoY).

Ace Gas Conversions has 3 current directors:

Ace Gas Conversions reported a net profit of ₹29.69 Lakh (net margin 0.4%) and EBITDA of ₹2.15 Cr (EBITDA margin 3%) for FY 2023, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Ace Gas Conversions is 109% over three years and 535% over five years. In the latest year (FY 2023) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.

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).

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - compiled from official filings and updated regularly.

Subscription plans available