About Ace Renewtech Engineering Private Limited
Data last updated:
Ace Renewtech Engineering Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 17 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2021PTC141431. Its GSTIN is 33AAUCA7919B1ZL (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹46.5 Lakh. It is led by directors Subramanian Karthikeyan and Pramasivam Ashok Kumar Praveen Kumar.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹208.66 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹9.98 Cr (net margin 4.8%) and EBITDA of ₹14.62 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ace Renewtech. As per MCA filings, the company has open charges of ₹87.66 Cr on record. Court records list 2 cases involving the company; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹45.5 Lakh; the latest was in March 2023. Its 10 peer companies in the Power industry (EPC, BoP and BTG) are compared by revenue, 5 larger and 5 smaller; the largest is Gh2 Solar Limited with revenue of ₹214.15 Cr.
For more details, the company can be reached via its website acerenewtech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressI II & III Floors Of 105 SIDCO Industrial Estate Ekkatuthangal, Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
- 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
Business Activity of Ace Renewtech Engineering Private Limited
The main business activities of Ace Renewtech Engineering are electricity, gas, steam and air condition supply and construction. In detail, this covers electric power generation, transmission and distribution and demolition & site preparation, electrical, plumbing & other specialized construction activities. 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 |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ace Renewtech Engineering Private Limited FY 2025 filings available
Ace Renewtech Engineering Private Limited reported revenue of ₹208.66 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ace Renewtech Engineering Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 75% over three years, including 24% growth in the latest year. EBITDA rose 85% 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 Renewtech Engineering Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.98 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ace Renewtech Engineering Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.8% | •••• | •••• | •••• | •••• |
| 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 Renewtech Engineering are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Ace Renewtech Engineering Private Limited
Ace Renewtech Engineering Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gh2 Solar Limited | ₹214.15 Cr (FY 2025) | •••• | •••• | 230.0% | •••• | New Delhi, Delhi, India |
| G.V.S. Projects Private Limited | ₹212.13 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Hyderabad, Telangana, India |
| JJ PV Solar Limited | ₹212.1 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Rajkot, Gujarat, India |
| Sumaja Electroinfra Private Limited | ₹210.36 Cr (FY 2025) | •••• | •••• | 156.0% | •••• | Delhi, India |
| Rayzon Green Private Limited | ₹208.89 Cr (FY 2025) | •••• | •••• | 416.0% | •••• | Surat, Gujarat, India |
| Ace Renewtech Engineering Private Limited this company | ₹208.66 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Chennai, Tamil Nadu, India |
| Ledure Lightings Limited | ₹208.52 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Leena Power-Tech Engineers Private Limited | ₹208.1 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Mumbai, Maharashtra, India |
| Stockwell Solar Services Private Limited | ₹205.82 Cr (FY 2025) | •••• | •••• | 634.0% | •••• | Jaipur, Rajasthan, India |
| U-Solar Clean Energy Solutions Private Limited | ₹204.34 Cr (FY 2024) | •••• | •••• | 137.0% | •••• | Bangalore, Karnataka, India |
| Suncity Urja Private Limited | ₹203.47 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Ace Renewtech Engineering by revenue in the Power industry (EPC, BoP and BTG), 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 Renewtech Engineering Private Limited
Ace Renewtech Engineering Private Limited is audited by RAMANASSOCIATE for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAMANASSOCIATE | Locked | Locked | Locked |
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.
Board of Directors of Ace Renewtech Engineering Private Limited
Ace Renewtech Engineering has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Karthikeyan Also directs: Ace Renewtech Green Energie Private Limited | Director | 17 Feb 2021 | 5 Years 7 Months | Current |
| Pramasivam Ashok Kumar Praveen Kumar | Director | 17 Feb 2021 | 5 Years 7 Months | Current |
Ownership and Shareholding of Ace Renewtech Engineering Private Limited
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 Renewtech Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Dec 2025 | Axis Bank Limited | ₹27 Cr | Open |
| 28 Jan 2025 | Axis Bank Limited | ₹26 Lakh | Open |
| 04 Jul 2024 | Axis Bank Limited | ₹60 Cr | Open |
| 23 May 2021 | Axis Bank Limited | ₹40 Lakh | Open |
Total charge records: 4 View all charges
Deals & Funding of Ace Renewtech Engineering Private Limited
Ace Renewtech Engineering Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹45.5 Lakh; the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Apr 2021 | Funding round | ₹45.5 Lakh | Investors: 4 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ace Renewtech Engineering Private Limited
Ace Renewtech Engineering Private Limited has 2 court cases on record: 2 where it is another party. All cases are pending. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (WMP(MD)) | Company is another party | Pending |
| Madras High Court | Writ petition | Company is another party | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Ace Renewtech Engineering Private Limited
Ace Renewtech Engineering operates one associated brand: Ace Renewtech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar PV design, engineering, construction management, and maintenance services for clients. | acerenewtech.com |
Employees and EPFO Compliance at Ace Renewtech Engineering Private Limited
Ace Renewtech Engineering Private Limited has a workforce of 34 employees as of Apr 04, 2024.
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 Renewtech Engineering Private Limited
Ace Renewtech Engineering Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Pramasivam Ashok Kumar Praveen Kumar was appointed as Director on 17 Feb 2021.
Credit Ratings, Litigation & Regulatory Alerts for Ace Renewtech Engineering Private Limited
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.
MSME Payment Delays by Ace Renewtech Engineering Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ace Renewtech Engineering Private Limited
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 Renewtech Engineering Private Limited
Ace Renewtech Engineering has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAUCA7919B1ZL | Tamil Nadu | Active | 18 Mar 2021 |
| 22AAUCA7919B1ZO | Chattisgarh | Active | 03 Jul 2024 |
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 Renewtech Engineering Private Limited
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 Renewtech Engineering Private Limited
Ace Renewtech Engineering is an active private limited company based in Chennai, Tamil Nadu, India. The company works in power epc, within the energy and power industry. It was incorporated on 17 February 2021 (5+ years old) and is registered under CIN U74999TN2021PTC141431.
Ace Renewtech Engineering reported revenue of ₹208.66 Cr for FY 2025 (up 24% YoY).
Ace Renewtech Engineering has 2 current directors:
- Subramanian Karthikeyan - Director
- Pramasivam Ashok Kumar Praveen Kumar - Director
Ace Renewtech Engineering reported a net profit of ₹9.98 Cr (net margin 4.8%) and EBITDA of ₹14.62 Cr (EBITDA margin 7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ace Renewtech Engineering is 75% over three years. In the latest year (FY 2025) revenue rose 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ace Renewtech Engineering is 33AAUCA7919B1ZL, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 22AAUCA7919B1ZO (Chattisgarh).
The CIN (Corporate Identification Number) of Ace Renewtech Engineering is U74999TN2021PTC141431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Renewtech Engineering has 2 court cases on record. 2 are pending.
Ace Renewtech Engineering was incorporated on 17 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
Ace Renewtech Engineering has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹45.5 Lakh; the latest was in March 2023.
The peers of Ace Renewtech Engineering by revenue are Gh2 Solar Limited, G.V.S. Projects Private Limited, JJ PV Solar Limited, Sumaja Electroinfra Private Limited, Rayzon Green Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).