Ace Renewtech Engineering Private Limited

Solar engineering company providing pre-feasibility, design, EPC-M, construction, and maintenance services.

2021 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Ace Renewtech Engineering Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 4.65 M
  • Company Age 4 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.00 M
  • Revenue Growth 45.98%
  • Profit Growth 101.29%
  • Ebitda 120.42%
  • Net Worth 102.92%
  • Total Assets -31.17%

About Ace Renewtech Engineering

Ace Renewtech Engineering Private Limited (AREPL) is a Private Limited Indian Non-Government Company incorporated in India on 17 February 2021 (Four years and four months 0 days old ). Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Energy And Power Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 4.65 M.

The company currently has active open charges totaling ₹4.00 M.

Pramasivam Kumar and Subramanian Karthikeyan serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999TN2021PTC141431

  • Company No.

    141431

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Feb 2021

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Energy and Power
Company report

Ace Renewtech Engineering Private Limited

Explore comprehensive data for Ace Renewtech Engineering Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Ace Renewtech Engineering?

Board Members (2)

NameDesignationAppointment DateStatus
Subramanian Karthikeyan Country flag representing In Director 17-Feb-2021Current
Pramasivam Kumar Country flag representing In Director 17-Feb-2021Current

Financial Performance of Ace Renewtech Engineering.

Ace Renewtech Engineering Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.98% increase. The company also saw a substantial improvement in profitability, with a 101.29% increase in profit. The company's net worth Soared by an impressive increase of 102.92%.

Ace Renewtech Engineering revenue growth over time
Ace Renewtech Engineering profit and loss trends over time
  • 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
45.98%
Revenue from Operations
45.95%
Total Assets
-31.17%
Profit or Loss
101.29%
Net Worth
102.92%
EBITDA
120.42%

What is the Ownership and Shareholding Structure of Ace Renewtech Engineering?

In 2021, Ace Renewtech Engineering had a public holding of 50.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.40 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 0.40 Cr

Latest Charge Details

DateLenderAmountStatus
23 May 2021Axis Bank Limited₹4.00 MOpen

How Many Employees Work at Ace Renewtech Engineering?

Ace Renewtech Engineering has a workforce of 34 employees as of Apr 04, 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 growth trends for Ace Renewtech Engineering Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ace Renewtech Engineering, 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 Renewtech Engineering's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Ace Renewtech Engineering

Recent activity within the organization

  • Annual General Meeting

    Ace Renewtech Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Ace Renewtech Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 0.40 Cr with Charge ID 100451951 was registered on 23 May 2021.

  • Director Appointment

    Pramasivam Ashok Kumar Praveen Kumar was appointed as a Director was appointed as a Director on 17 Feb 2021 & has been associated with this company since 4 years 4 months .

  • Director Appointment

    Subramanian Karthikeyan was appointed as a Director was appointed as a Director on 17 Feb 2021 & has been associated with this company since 4 years 4 months .

  • Company Incorporation

    Ace Renewtech Engineering Private Limited was registered on 17 Feb 2021 with Roc Chennai & aged 4 years 4 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Ace Renewtech Engineering Private Limited?

    Ace Renewtech Engineering Private Limited was incorporated on 17 Feb 2021.

  • What is authorized share capital and paid-up capital of Ace Renewtech Engineering Private Limited?

    The authorized share capital of Ace Renewtech Engineering Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 4.65 M.

  • Who are the current board members & directors of Ace Renewtech Engineering Private Limited?

    Currently 2 directors are associated with Ace Renewtech Engineering Private Limited.

    • Pramasivam Ashok Kumar Praveen Kumar
    • Subramanian Karthikeyan

  • What is the registered address of Ace Renewtech Engineering Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ace Renewtech Engineering Private Limited is I Ii Iii Floors Of 105 Sidco Industrial Estate Ekkatuthangal Guindy, India, Chennai, Tamil Nadu, 600032.

  • What is the corporate identification number (CIN) and company number of Ace Renewtech Engineering Private Limited?

    The corporate identification number (CIN) of Ace Renewtech Engineering Private Limited is U74999TN2021PTC141431 and the company number is 141431 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ace Renewtech Engineering Private Limited?

    The Official website of Ace Renewtech Engineering Private Limited is https://www.acerenewtech.com

  • What has been the recent revenue trend for Ace Renewtech Engineering Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ace Renewtech Engineering Private Limited has risen by 45.98%.

  • How many employees does Ace Renewtech Engineering Private Limited currently have?

    As Per 2023 financial reports, 34 employees are currently employed by Ace Renewtech Engineering Private Limited.

  • What change has been observed in the net worth of Ace Renewtech Engineering Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Ace Renewtech Engineering Private Limited has experienced an upsurge of 102.92%.

  • What are the total open charges for Ace Renewtech Engineering Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ace Renewtech Engineering Private Limited amount to ₹ 4.00 M.

  • When was the last Balance Sheet of Ace Renewtech Engineering Private Limited filed with the ROC?

    The most recent Balance Sheet for Ace Renewtech Engineering Private Limited was filed with the ROC on 31 Mar 2023.

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