Ace Tyres Private Limited
About Ace Tyres Private Limited
Data last updated:
Ace Tyres Private Limited is a private limited company based in Rr Dist, Telangana, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 23 August 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U25112TG2001PTC037183. Its GSTIN is 36AADCA2210N1ZX (Telangana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.25 Cr. It was formerly known as Ace Tyres Limited. It is led by directors including Syed Warisuddin Naveed and Manjusha Gangaram.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 314 & 315 Ameenpur Roadquthbullapur Mandal Bachupally Village, Rr Dist, Telangana, India – 500072.
As per the financials filed for FY 2023, the company reported a revenue of ₹376.96 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹55 Cr (net margin 14.6%) and EBITDA of ₹88.75 Cr (EBITDA margin 23.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
The company has about 199 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹154.65 Cr and satisfied charges of ₹159.6 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address314 & 315 Ameenpur Roadquthbullapur Mandal Bachupally Village, Rr Dist, Telangana, India – 500072
- IndustryAutomotive, Auto Parts & Components
- 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
CIN History of Ace Tyres Private Limited
Ace Tyres has one previous CIN (Corporate Identification Number): U25112AP2001PTC037183. The current CIN is U25112TG2001PTC037183, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25112TG2001PTC037183 | Current |
| U25112AP2001PTC037183 | Previous |
Auditor Details of Ace Tyres Private Limited
Ace Tyres Private Limited is audited by Shriram Narayan Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shriram Narayan Associates | 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 Tyres Private Limited
Ace Tyres has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Syed Warisuddin Naveed Also directs: Vilas Polymer Private Limited, Spinnmax Tyres Private Limited | Director | 23 Aug 2001 | 25 Years 1 Months | Current |
| Manjusha Gangaram Also directs: Vilas Polymer Private Limited, Exel Rubber Private Limited | Director | 01 Sep 2015 | 11 Years 1 Months | Current |
| Vasudeva Gangaram Reddy Also directs: Vilas Polymer Private Limited, Exel Rubber Private Limited | Director | 07 Mar 2015 | 11 Years 7 Months | Current |
| Madhava Reddy Baddevolu | Director | 07 Mar 2015 | 11 Years 7 Months | Current |
| Gangaram Raghunath Reddy Also directs: Vilas Polymer Private Limited, Exel Rubber Private Limited | Director | 23 Aug 2001 | 25 Years 1 Months | Current |
Financials of Ace Tyres Private Limited FY 2024 filings available
Ace Tyres Private Limited reported revenue of ₹376.96 Cr (down 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ace Tyres Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 9% 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 Tyres Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹376.96 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹88.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹55 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 Tyres Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.6% | •••• | •••• | •••• | •••• |
| 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 Tyres are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Ace Tyres 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 Tyres Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2023 | Hdfc Bank Limited | ₹60 Cr | Open |
| 24 Feb 2023 | Others | ₹21 Cr | Open |
| 08 Apr 2022 | Hdfc Bank Limited | ₹20 Cr | Open |
| 06 Dec 2001 | State Bank of India | ₹53.65 Cr | Open |
| 11 May 2020 | Citi Bank N.A. | ₹150 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Ace Tyres Private Limited
Ace Tyres Private Limited has a workforce of 199 employees as of Mar 21, 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.
GST Compliance of Ace Tyres Private Limited
Ace Tyres has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCA2210N1ZX | Telangana | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Ace Tyres 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 Tyres 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 Tyres 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.
MCA Filings & Documents of Ace Tyres 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.
Recent Activity on Ace Tyres Private Limited
Frequently Asked Questions about Ace Tyres Private Limited
Ace Tyres is an active private limited company based in Rr Dist, Telangana, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 23 August 2001 (25+ years old) and is registered under CIN U25112TG2001PTC037183.
Ace Tyres reported revenue of ₹376.96 Cr for FY 2023 (down 4% YoY).
Ace Tyres has 5 current directors:
- Syed Warisuddin Naveed - Director
- Manjusha Gangaram - Director
- Vasudeva Gangaram Reddy - Director
- Madhava Reddy Baddevolu - Director
- Gangaram Raghunath Reddy - Director
Ace Tyres reported a net profit of ₹55 Cr (net margin 14.6%) and EBITDA of ₹88.75 Cr (EBITDA margin 23.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ace Tyres is 7% over three years and 6% over five years. In the latest year (FY 2023) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ace Tyres is 36AADCA2210N1ZX, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ace Tyres is U25112TG2001PTC037183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Tyres was incorporated on 23 August 2001, making it 25+ years old. It is registered with the Registrar of Companies, Hyderabad.
The registered office of Ace Tyres is at 314 & 315 Ameenpur Roadquthbullapur Mandal Bachupally Village, Rr Dist, Telangana, India – 500072.