About Ace Turtle Commerce Private Limited
Data last updated:
Ace Turtle Commerce Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 03 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2021PTC143736. Its GSTIN is 29AAUCA7271Q1ZI (Karnataka).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Nitin Chhabra and Brinder Pal Singh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.74 Lakh. For the same year it recorded a net loss of ₹2.17 Cr and EBITDA of -₹1.97 Cr.
The company is associated with 1 brand: Ace Turtle. As per MCA filings, the company has open charges of ₹45 Cr on record.
For more details, the company can be reached via its website aceturtle.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address701 To 714 Tower C 7th Floor Diamond District Airport Roa, D Kodihal, Bangalore, Karnataka, India – 560008
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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 Turtle Commerce Private Limited
The main business activity of Ace Turtle Commerce is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Turtle Commerce Private Limited FY 2023 filings available
Ace Turtle Commerce Private Limited reported revenue of ₹2.74 Lakh for FY 2023.
Financial Statement Summary of Ace Turtle Commerce Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹2.74 Lakh | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹1.97 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.17 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 | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Ace Turtle Commerce Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• |
| 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 Turtle Commerce 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 Turtle Commerce Private Limited
Ace Turtle Commerce Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Footwear Retail and Distribution, Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ecotex Textile and Apparels Park Private Limited | ₹2.75 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Bareilly, Uttar Pradesh, India |
| Acm Network Private Limited | ₹2.75 Lakh (FY 2025) | •••• | •••• | -29.0% | •••• | Jaipur, Rajasthan, India |
| Masterpiece Distributor Private Limited | ₹2.75 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| PPR Marketing Private Limited | ₹2.74 Lakh (FY 2018) | •••• | •••• | -98.0% | •••• | New Delhi, Delhi, India |
| Adhya Crafts Organization | ₹2.74 Lakh (FY 2015) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Ace Turtle Commerce Private Limited this company | ₹2.74 Lakh (FY 2023) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Mehta Fabtex Exports Private Limited | ₹2.74 Lakh (FY 2023) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Banbury Exports Private Limited | ₹2.74 Lakh (FY 2024) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
| Ezzion Trading Company Private Limited | ₹2.73 Lakh (FY 2017) | •••• | •••• | -89.0% | •••• | Patna, Bihar, India |
| Ishvaqi Inclusion Private Limited | ₹2.72 Lakh (FY 2025) | •••• | •••• | 378.0% | •••• | Kolkata, West Bengal, India |
| Parzada Fashions India Private Limited | ₹2.72 Lakh (FY 2020) | •••• | •••• | -82.0% | •••• | Hyberabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Ace Turtle Commerce by revenue in the Consumer Products industry (Footwear Retail and Distribution, Textile Retail and Distribution), 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 Turtle Commerce Private Limited
Ace Turtle Commerce Private Limited is audited by Sorab S. Engineer & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sorab S. Engineer & Co | 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 Turtle Commerce Private Limited
Ace Turtle Commerce has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Chhabra Also directs: Ace Turtle Wholesale Private Limited, Ace Turtle Services Private Limited, Ace Turtle Omni Private Limited and 1 more | Director | 03 Feb 2021 | 5 Years 8 Months | Current |
| Brinder Pal Singh Also directs: Ace Turtle Wholesale Private Limited, Ace Turtle Services Private Limited, Ace Turtle Omni Private Limited and 2 more | Director | 03 Feb 2021 | 5 Years 8 Months | Current |
Ownership and Shareholding of Ace Turtle Commerce 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 Turtle Commerce Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2023 | Others | ₹45 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Ace Turtle Commerce Private Limited
Ace Turtle Commerce operates one associated brand: ace turtle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform offering omnichannel commerce technology | aceturtle.com |
Employees and EPFO Compliance at Ace Turtle Commerce Private Limited
Ace Turtle Commerce Private Limited has a workforce of 0 employees as of Mar 28, 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.
Group Structure of Ace Turtle Commerce Private Limited
Ace Turtle Commerce has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
News related to Ace Turtle Commerce Private Limited
Recent Activity on Ace Turtle Commerce Private Limited
Ace Turtle Commerce Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Brinder Pal Singh was appointed as Director on 03 Feb 2021.
Credit Ratings, Litigation & Regulatory Alerts for Ace Turtle Commerce 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 Turtle Commerce 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 Turtle Commerce 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 Turtle Commerce Private Limited
Ace Turtle Commerce has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAUCA7271Q1ZI | Karnataka | Active | 22 Sep 2021 |
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 Turtle Commerce 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 Turtle Commerce Private Limited
Ace Turtle Commerce is an active private limited company based in Bangalore, Karnataka, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 03 February 2021 (5+ years old) and is registered under CIN U72200KA2021PTC143736.
Ace Turtle Commerce reported revenue of ₹2.74 Lakh for FY 2023.
Ace Turtle Commerce has 2 current directors:
- Nitin Chhabra - Director
- Brinder Pal Singh - Director
Ace Turtle Commerce reported a net loss of ₹2.17 Cr and EBITDA of -₹1.97 Cr for FY 2023, as per its filed financial statements.
The GSTIN of Ace Turtle Commerce is 29AAUCA7271Q1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Ace Turtle Commerce is U72200KA2021PTC143736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Turtle Commerce was incorporated on 03 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ace Turtle Commerce by revenue are Ecotex Textile and Apparels Park Private Limited, Acm Network Private Limited, Masterpiece Distributor Private Limited, PPR Marketing Private Limited, Adhya Crafts Organization and 5 more, all in the Consumer Products industry (Footwear Retail and Distribution, Textile Retail and Distribution).
Brinder Pal Singh was appointed as Director on 03 Feb 2021. Nitin Chhabra was appointed as Director on 03 Feb 2021.
Ace Turtle Commerce can be reached through the website aceturtle.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ace Turtle Commerce is at 701 To 714 Tower C 7th Floor Diamond District Airport Roa, D Kodihal, Bangalore, Karnataka, India – 560008.