MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-34-0000064
Ace Innovative Engineering Services Private Limited - machinery and equipment in Chengalpattu, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹1.96 Cr
▼ 49% YoY
Net loss · FY 2022
₹25.44 Lakh
Net margin -13%
EBITDA · FY 2022
₹28.68 Lakh
EBITDA margin 14.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹3.9 Cr
Satisfied ₹4.12 Cr
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Ace Innovative Engineering Services Private Limited
Data last updated:
Ace Innovative Engineering Services Private Limited is a private limited company based in Chengalpattu, Tamil Nadu, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 29 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74200TN2008PTC069697. Its GSTIN is 33AAHCA4021F1ZB (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Venkatraman Kannan and Renuka Kannan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at B4/19 Industrial Estate Marimalai Nagar, Chengalpattu, Tamil Nadu, India – 620001.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.96 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹25.44 Lakh (net margin -13%) and EBITDA of ₹28.68 Lakh (EBITDA margin 14.6%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹3.9 Cr and satisfied charges of ₹4.12 Cr on record. Court records list 5 cases involving the company, including 5 filed against it.
Ace Innovative Engineering Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-34-0000064). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website aceinnovative.in.
Company Details of Ace Innovative Engineering Services Private Limited
CIN U74200TN2008PTC069697
Registration Number 069697
Incorporation Date 29 October 2008
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-34-0000064
Recognitions & Rankings of Ace Innovative Engineering Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB4/19 Industrial Estate Marimalai Nagar, Chengalpattu, Tamil Nadu, India – 620001
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
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Business Activity of Ace Innovative Engineering Services Private Limited
The main business activities of Ace Innovative Engineering Services are manufacturing and trade. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
| G | Trade | G2 | Retail Trading | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Ace Innovative Engineering Services Private Limited FY 2022 filings available
Ace Innovative Engineering Services Private Limited reported revenue of ₹1.96 Cr (down 49% YoY) for FY 2022.
Revenue · FY 2022
₹1.96 Cr ▼ 49%
Net loss · FY 2022
₹25.44 Lakh margin -13%
EBITDA · FY 2022
₹28.68 Lakh margin 14.6%
Compounded Annual Growth Rate (CAGR) of Ace Innovative Engineering Services Private Limited
Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 38%
5 years · compounded
▼ 27%
EBITDA CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 42%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 49% fall in the latest year. EBITDA fell 54% 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 Innovative Engineering Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.96 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹28.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹25.44 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 Innovative Engineering Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -13% | •••• | •••• | •••• | •••• |
| 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 Innovative Engineering Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Ace Innovative Engineering Services Private Limited
Ace Innovative Engineering Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatraman Kannan | Director | 03 Mar 2016 | 10 Years 7 Months | Current |
| Renuka Kannan | Director | 30 Mar 2009 | 17 Years 6 Months | Current |
Peer Comparison of Ace Innovative Engineering Services Private Limited
Ace Innovative Engineering Services Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products 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 |
|---|---|---|---|---|---|---|
| Harshal Industries Private Limited | ₹1.97 Cr (FY 2023) | •••• | •••• | 149.0% | •••• | Mumbai, Maharashtra, India |
| HG Laserlab India Private Limited | ₹1.97 Cr (FY 2025) | •••• | •••• | •••• | Kanchipuram, Tamil Nadu, India | |
| Thermomax Industries Private Limited | ₹1.97 Cr (FY 2024) | •••• | •••• | 92.0% | •••• | New Delhi, Delhi, India |
| Doshi Heaters Private Limited | ₹1.97 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Udhna, Gujarat, India |
| Span Heat Transfer Equipments Manufactur Ers Private Limited | ₹1.97 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Ace Innovative Engineering Services Private Limited this company | ₹1.96 Cr (FY 2022) | •••• | •••• | -49.0% | •••• | Chengalpattu, Tamil Nadu, India |
| Rayshen Environmental Private Limited | ₹1.96 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Riddhi Trans - Power Private Limited. | ₹1.96 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Metoda, Gujarat, India |
| Saptagiri Technofab Private Limited | ₹1.96 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Hyderabad, Telangana, India |
| Dr.Sunbeam Solutions Private Limited | ₹1.96 Cr (FY 2023) | •••• | •••• | 156.0% | •••• | Pune, Maharashtra, India |
| Alien Engineering India Private Limited | ₹1.96 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | Town East, Kerala, India |
Peers are the five companies nearest above and the five nearest below Ace Innovative Engineering Services by revenue in the Machinery and Equipment industry (Industrial Products 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 Innovative Engineering Services Private Limited
Ace Innovative Engineering Services Private Limited is audited by R RAJENDRAN & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R RAJENDRAN & CO | Locked | Locked | Locked |
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Ownership and Shareholding of Ace Innovative Engineering Services Private Limited
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Charges & Borrowings of Ace Innovative Engineering Services Private Limited
Open charges
₹3.9 Cr
Satisfied charges
₹4.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Sep 2018 | Canara Bank | ₹3.9 Cr | Open |
| 27 Apr 2016 | Others | ₹3.1 Cr | Satisfied |
| 14 Jan 2011 | Indian Bank | ₹1.02 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Ace Innovative Engineering Services Private Limited
Ace Innovative Engineering Services Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Total cases
5
Filed against the company
5
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Canara Bank, Rep. by Its Ao Mr.J. Srinivasa | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by GSH Utilities Services Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by GSH Utilities Services Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by GSH Utilities Services Pvt Ltd | Disposed |
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Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Ace Innovative Engineering Services Private Limited
Employment history and EPFO contributions of people linked to Ace Innovative Engineering Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Ace Innovative Engineering Services Private Limited
Ace Innovative Engineering Services Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Mala Ramkumar ceased to be Director on 03 Mar 2016.
AGM
Ace Innovative Engineering Services Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 390.00 Lakh registered on 28 Sep 2018 with Charge ID 100232058 was modified on 04 Apr 2022.
Filing
Ace Innovative Engineering Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chennai.
Charges
A charge registered on 27 Apr 2016 via Charge ID 100027953 with Others was fully satisfied on 05 Jun 2020.
Charges
A charge with Canara Bank amounted to Rs. 390.00 Lakh with Charge ID 100232058 was registered on 28 Sep 2018.
Charges
A charge registered on 14 Jan 2011 via Charge ID 10263335 with Indian Bank was fully satisfied on 13 Jun 2018.
Charges
A charge with Others of Rs. 310.00 Lakh registered on 27 Apr 2016 with Charge ID 100027953 was modified on 26 Dec 2016.
Charges
A charge with Others amounted to Rs. 310.00 Lakh with Charge ID 100027953 was registered on 27 Apr 2016.
Ceased
Mala Ramkumar ceased to be Director.
Ceased
Thumbai Venkatesan Munu Balaji ceased to be Director.
Appointed
Venkatraman Kannan was appointed as Director.
Charges
A charge with Indian Bank of Rs. 101.50 Lakh registered on 14 Jan 2011 with Charge ID 10263335 was modified on 07 Nov 2015.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ace Innovative Engineering Services Private Limited
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MSME Payment Delays by Ace Innovative Engineering Services Private Limited
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Subsidiaries & Group Companies of Ace Innovative Engineering Services Private Limited
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GST Compliance of Ace Innovative Engineering Services Private Limited
Ace Innovative Engineering Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCA4021F1ZB | Tamil Nadu | Active | 01 Jul 2017 |
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MCA Filings & Documents of Ace Innovative Engineering Services Private Limited
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Frequently Asked Questions about Ace Innovative Engineering Services Private Limited
Ace Innovative Engineering Services is an active private limited company based in Chengalpattu, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 29 October 2008 (18+ years old) and is registered under CIN U74200TN2008PTC069697.
Ace Innovative Engineering Services reported revenue of ₹1.96 Cr for FY 2022 (down 49% YoY).
Ace Innovative Engineering Services has 2 current directors:
- Venkatraman Kannan - Director
- Renuka Kannan - Director
Ace Innovative Engineering Services reported a net loss of ₹25.44 Lakh (net margin -13%) and EBITDA of ₹28.68 Lakh (EBITDA margin 14.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ace Innovative Engineering Services is -38% over three years and -27% over five years. In the latest year (FY 2022) revenue fell 49%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ace Innovative Engineering Services is 33AAHCA4021F1ZB, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ace Innovative Engineering Services is U74200TN2008PTC069697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Innovative Engineering Services has 5 court cases on record: 5 filed against it.
Ace Innovative Engineering Services was incorporated on 29 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Ace Innovative Engineering Services by revenue are Harshal Industries Private Limited, HG Laserlab India Private Limited, Thermomax Industries Private Limited, Doshi Heaters Private Limited, Span Heat Transfer Equipments Manufactur Ers Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Mala Ramkumar ceased to be Director on 03 Mar 2016. Thumbai Venkatesan Munu Balaji ceased to be Director on 03 Mar 2016. Venkatraman Kannan was appointed as Director on 03 Mar 2016. Ace Innovative Engineering Services has 5 board changes on record in total.