Ace Tyres Private Limited

Manufactures automotive tires for other tire companies.

2001 | Hyderabad, Telangana (India) | Active
Last Updated:

Ace Tyres Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 3.25 Cr
  • Company Age 23 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 154.65 Cr
  • Satisfied Charges ₹ 159.60 Cr
  • Revenue Growth -3.54%
  • Profit Growth -38.76%
  • Ebitda -9.20%
  • Net Worth 11.02%
  • Total Assets 16.26%

About Ace Tyres

Ace Tyres Private Limited (ATPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 August 2001 and has a history of 23 years and eight months. Its registered office is in Hyderabad, Telangana, India.

The Corporate was formerly known as Ace Tyres Limited. The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 3.25 Cr.

The company currently has active open charges totaling ₹154.65 Cr. The company has closed loans amounting to ₹159.60 Cr, as per Ministry of Corporate Affairs (MCA) records.

Manjusha Gangaram, Madhava Baddevolu, Gangaram Reddy, and Two other members serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U25112TG2001PTC037183

  • Company No.

    037183

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Aug 2001

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Automotive
Company report

Ace Tyres Private Limited

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

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

Board Members (5)

NameDesignationAppointment DateStatus
Manjusha Gangaram Country flag representing In Director 01-Sep-2015Current
Madhava Baddevolu Country flag representing In Director 07-Mar-2015Current
Gangaram Reddy Country flag representing In Director 23-Aug-2001Current
Syed Naveed Country flag representing In Director 23-Aug-2001Current
Vasudeva Reddy Country flag representing In Director 07-Mar-2015Current

Financial Performance of Ace Tyres.

Ace Tyres Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.54% decrease. The company also saw a substantial fall in profitability, with a 38.76% decrease in profit. The company's net worth Soared by an impressive increase of 11.02%.

Ace Tyres revenue growth over time
Ace Tyres 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
-3.54%
Revenue from Operations
3.79%
Total Assets
16.26%
Profit or Loss
-38.76%
Net Worth
11.02%
EBITDA
-9.20%

What is the Ownership and Shareholding Structure of Ace Tyres?

In 2023, Ace Tyres had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹154.65 Cr

Satisfied Charges

₹159.60 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 80.00 Cr
  • State Bank Of India : 53.65 Cr
  • Others : 21.00 Cr

Latest Charge Details

DateLenderAmountStatus
26 Sep 2023Hdfc Bank Limited₹60.00 CrOpen
24 Feb 2023Others₹21.00 CrOpen
08 Apr 2022Hdfc Bank Limited₹20.00 CrOpen
06 Dec 2001State Bank Of India₹53.65 CrOpen
11 May 2020Citi Bank N.A.₹150.00 CrSatisfied

How Many Employees Work at Ace Tyres?

Ace Tyres has a workforce of 199 employees as of Mar 21, 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 Tyres Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ace Tyres, 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 Tyres'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 Tyres

Recent activity within the organization

  • Annual General Meeting

    Ace Tyres Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Ace Tyres Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

  • Charges

    A charge with Others of Rs. 21.00 Cr registered on 24 Feb 2023 with Charge ID 100687995 was modified on 12 Mar 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 60.00 Cr with Charge ID 100853125 was registered on 26 Sep 2023.

  • Charges

    A charge registered on 11 May 2020 via Charge ID 100366622 with Citi Bank N.A. was fully satisfied on 30 Aug 2023.

  • Charges

    A charge with Others amounted to Rs. 21.00 Cr with Charge ID 100687995 was registered on 24 Feb 2023.

Frequently asked questions

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

    Ace Tyres Private Limited was incorporated on 23 Aug 2001.

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

    The authorized share capital of Ace Tyres Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 3.25 Cr.

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

    Currently 5 directors are associated with Ace Tyres Private Limited.

    • Manjusha Gangaram
    • Madhava Reddy Baddevolu
    • Gangaram Raghunath Reddy
    • Syed Warisuddin Naveed
    • Vasudeva Gangaram Reddy

  • What is the registered address of Ace Tyres Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ace Tyres Private Limited is 314 315, Ameenpur Roadquthbullapur Mandal Bachupally Village India, Rr Dist, Telangana, 500072.

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

    The corporate identification number (CIN) of Ace Tyres Private Limited is U25112TG2001PTC037183 and the company number is 037183 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Ace Tyres Private Limited has fallen by -3.54%.

  • How many employees does Ace Tyres Private Limited currently have?

    As Per 2023 financial reports, 199 employees are currently employed by Ace Tyres Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Ace Tyres Private Limited has experienced an upsurge of 11.02%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Ace Tyres Private Limited amount to ₹ 154.65 Cr.

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

    The most recent Balance Sheet for Ace Tyres Private Limited was filed with the ROC on 31 Mar 2024.

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