Ace Manufacturing Systems Limited - Company Profile

It is a machinery and equipment public limited company based in Bangaluru, Karnataka, India, established in 1994.

1994 Bangaluru, Karnataka, India Amalgamated

Last Updated: July 29, 2025

About Ace Manufacturing Systems Limited

Ace Manufacturing Systems Limited, a amalgamated public limited company, was established on 07 March 1994 in Bangaluru, Karnataka, India. Engaging in industrial machine tools within the manufacturing sector, it holds CIN: U85110KA1994PLC015321. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.50 Cr and a paid-up capital of ₹7.64 M.

It upholds a compliant status. Employing 513 professional, Its leadership includes Lagadamane Shankarnarayana Umesh (Whole-Time Director), Thirumalaimuppur Kuppuswamy Ramesh (Director), Shrinivas Shirgurkar Govindrao (Director). Past directors included Lagadamane Shankarnarayana Umesh, Ashok Sathe Viswanath, Thirumalaimuppur Kuppuswamy Ramesh. It holds no open charges and ₹97.25 Cr settled loans. Its latest AGM occurred on 20 May 2023, with the balance sheet filed on 31 March 2023. It is based at Plot No. 467-469, 12Th Cross, 4Th Phase, Peenya Induatrail Area India, Bangalore, Karnataka, 560058.

Company Details

CIN/LLPIN
U85110KA1994PLC015321
Registration Number
015321
Incorporation Date
07 March 1994
Authorized Capital
₹1.50 Cr
Paid-Up Capital
₹7.64 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 1.50 Cr as on 29-07-2025
Paid Up Capital ₹ 7.64 M as on 29-07-2025
Company Age 31 Year, 11 Months
Last Filing with ROC 31 Mar 2023
Satisfied Charges ₹ 97.25 Cr as on 29-07-2025
Revenue Growth **** 27.87% (FY 2023)
Profit Growth **** 55.04% (FY 2023)
Ebitda **** 30.08% (FY 2023)
Net Worth 12.71% (FY 2023)
Total Assets **** 23.21% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Ace Manufacturing Systems Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Ace Manufacturing Systems Limited?

Current Directors

Name	Designation	Appointment Date	Status
Lagadamane Shankarnarayana Umesh	Whole-Time Director	11 Aug 2018	Current
Thirumalaimuppur Kuppuswamy Ramesh	Director	04 Aug 2007	Current
Shrinivas Shirgurkar Govindrao	Director	07 Mar 1994	Current
Shubha Rao Mayya	Director	11 Aug 2018	Current
Benedict Machado	Director	07 Mar 1994	Current
Benne Gopal Rao Dwarakanath	Director	01 Apr 2013	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	22 Jun 2019	Past
Pramod Abcsdd	Director	25 Feb 2021	Past
Pramod Abcsdd	Additional Director	08 May 2008	Past
Pramod Abcsdd	Additional Director	22 Jun 2019	Past
Pramod Abcsdd	Director	08 Jun 2007	Past
Pramod Abcsdd	Company Secretary	-	Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Ace Manufacturing Systems.

Ace Manufacturing Systems Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 27.87% increase. The company also saw a substantial improvement in profitability, with a 55.04% increase in profit. The company's net worth Soared by an impressive increase of 12.71%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

Upgrade Required

Full access to Financial is available only for users with an active Premium plan.

Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

27.87%

*******

Revenue from Operations

*******

28.06%

*******

Total Assets

*******

23.21%

*******

Profit or Loss

*******

55.04%

*******

Net Worth

*******

12.71%

*******

EBITDA

*******

30.08%

*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Ace Manufacturing Systems?

In 2023, Ace Manufacturing Systems had a promoter holding of 85.08% and a public holding of 14.92%. The company had 1 Joint Venture and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

Upgrade Required

Full access to Ownership and Shareholding Structure is available only for users with an active Premium plan.

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹972,500,000.00

Charges Breakdown by Lending Institutions

Karnataka Bank Ltd. : 50.00 Cr
Canara Bank : 27.25 Cr
The Karnataka Bank Ltd : 20.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
11 Jan 2017	Karnataka Bank Ltd.	₹50.00 Cr	Satisfied
02 Sep 2005	The Karnataka Bank Ltd	₹20.00 Cr	Satisfied
22 Nov 1994	Canara Bank	₹27.25 Cr	Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at Ace Manufacturing Systems?

Ace Manufacturing Systems has a workforce of 513 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

Upgrade Required

Full access to People is available only for users with an active Premium plan.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Ace Manufacturing Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ace Manufacturing Systems's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Ace Manufacturing Systems

Recent Activity within the Organization

Annual General Meeting

Progress on Ace Manufacturing Systems Limited last Annual general meeting of members was held on 20 May 2023 as per latest MCA records. was documented.
20 May 2023
Balance Sheet

Progress on Ace Manufacturing Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore. was documented.
31 Mar 2023
Charges

The activity A charge registered on 11 Jan 2017 via Charge ID 100075612 with Karnataka Bank Ltd. was fully satisfied on 30 Mar 2022. was completed.
30 Mar 2022
Director Appointment

Progress on Lagadamane Shankarnarayana Umesh was appointed as a CEO was appointed as a CEO on 22 Jun 2019 & has been associated with this company since 6 years 7 months . was documented.
22 Jun 2019
Charges

Progress on A charge registered on 22 Nov 1994 via Charge ID 80046793 with Canara Bank was fully satisfied on 05 Feb 2019. was documented.
05 Feb 2019
Director Appointment

The activity Lagadamane Shankarnarayana Umesh was appointed as a Whole-time director was appointed as a Whole-time director on 11 Aug 2018 & has been associated with this company since 7 years 6 months . was completed.
11 Aug 2018

Explore recent activity and updates - View Recent Activity