MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0197114
Ace Urban Developers Private Limited - infrastructure and utilities in Machilipatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹141.26 Cr
▼ 7% YoY
Net loss · FY 2025
₹190.81 Cr
Net margin -135.1%
EBITDA · FY 2025
₹10.74 Cr
EBITDA margin 7.6%
Authorised capital
₹1,500 Cr
Registered with MCA
Paid-up capital
₹389.53 Cr
Issued & subscribed
Open charges
₹490 Cr
Satisfied ₹838.28 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
25
Provident fund records
About Ace Urban Developers Private Limited
Data last updated:
Ace Urban Developers Private Limited is a private limited company based in Machilipatnam, Andhra Pradesh, India, a subsidiary of Ace Urban (Maurtius) Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 04 February 2015 and has been in existence for over 11 years.
Its director Mahesh Kolli is #376 among India's richest people (2026). Its director Anil Kumar Chalamalasetty is #376 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U45209AP2015PTC096147. Its GSTIN is 37AANCA4001H1ZX (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹389.53 Cr. It is led by directors including Mahesh Kolli and Chalamalasetty Swathi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.20 – 339/5 Opp: Collector Bungalow Chilakalapudi, Machilipatnam, Andhra Pradesh, India – 521001.
As per the financials filed for FY 2025, the company reported a revenue of ₹141.26 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹190.81 Cr (net margin -135.1%) and EBITDA of ₹10.74 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 3% over five years.
The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
As per MCA filings, the company has open charges of ₹490 Cr and satisfied charges of ₹838.28 Cr on record. Court records list 30 cases involving the company, including 3 filed by the company and 27 filed against it; 12 cases are pending. The company has 5 deals on record (3 rights issues, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹486.13 Cr; the latest was in March 2022. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 108 overdue payments to 7 micro and small suppliers.
Ace Urban Developers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0197114). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aceurban.com.
Company details
CIN U45209AP2015PTC096147
Registration Number 096147
Incorporation Date 04 February 2015
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Ace Urban (Maurtius) Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0197114
Recognitions & Rankings of Ace Urban Developers
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #376 Mahesh Kolli ₹9,900 Cr
- #376 Anil Kumar Chalamalasetty ₹9,900 Cr
Contact details
Ace Urban Developers Private Limited's registered office is in Machilipatnam, Andhra Pradesh. Its website is aceurban.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.20 – 339/5 Opp: Collector Bungalow Chilakalapudi, Machilipatnam, Andhra Pradesh, India – 521001
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Ace Urban Developers Private Limited, buy the company report.
Comprehensive company report
Ace Urban Developers Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Ace Urban Developers is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Ace Urban Developers Private Limited, buy the company report.
Financials of Ace Urban Developers Private Limited
FY 2024 filings availableAce Urban Developers Private Limited reported revenue of ₹141.26 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹141.26 Cr ▼ 7%
Net loss · FY 2025
₹190.81 Cr margin -135.1%
EBITDA · FY 2025
₹10.74 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 42%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 75%
3 years · compounded
▲ 68%
5 years · compounded
▼ 24%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 75% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10.74 Cr | ||||
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| Net Profit (PAT) | -₹190.81 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 7.6% | ||||
| Net Profit Margin | -135.1% | ||||
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To see the full financial statements and ratios of Ace Urban Developers Private Limited, buy the company report.
Board of directors and KMP of Ace Urban Developers Private Limited
Ace Urban Developers Private Limited currently reports 4 directors and 1 key managerial person. 4 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Kolli Also directs: Lorven Estates India LLP, Ace Coffee Estates (Ka) Private Limited, Am Green Chemicals (India) Private Limited and 5 more | Director | 04 Feb 2015 | 11 Years 8 Months | Current |
| Chalamalasetty Swathi | Director | 25 Nov 2015 | 10 Years 11 Months | Current |
| Shankar Kuna Also directs: Acehibc Private Limited, Hyderabad International Trade Expositions Limited, Ace Urban Infocity Limited and 5 more | Director | 15 Feb 2025 | 1 Years 8 Months | Current |
| Anil Kumar Chalamalasetty Also directs: Lorven Estates India LLP, Ace Coffee Estates (Ka) Private Limited, Green Enrich Ec0-Solutions Private Limited and 5 more | Director | 04 Feb 2015 | 11 Years 8 Months | Current |
| Kumar Raghavan Also directs: A.P. Gems and Jewellary Park Private Limited | Company Secretary | 01 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Ace Urban Developers Private Limited is audited by Akasam & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Akasam & Associates | FY 2023 | 005832S |
Shareholding
The shareholding of Ace Urban Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ace Urban Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹490 Cr
Satisfied charges
₹838.28 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2025 | 101102304 | Others | ₹50 Cr | Open | |
| 15 Feb 2024 | 100898504 | Others | ₹440 Cr | Open | |
| 21 Apr 2022 | 100576287 | Others | ₹105 Cr | Satisfied | |
| 30 Jul 2021 | 100483085 | Hdfc Bank Limited | ₹78.15 Lakh | Satisfied | |
| 29 Dec 2017 | 100148350 | Idbi Trusteeship Services Limited | ₹560 Cr | Satisfied |
To see the full charge records of Ace Urban Developers Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Ace Urban Developers Private Limited has 5 deals on record (3 rights issues, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹486.13 Cr; the latest was in March 2022.
Total deals
5
Rights issues
3
Convertible or debt financing
1
Funding round
1
Disclosed funding
₹486.13 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹96.8 Cr | Investors: ACE Urban Mauritius Limited |
| May 2021 | Rights issue | ₹175.2 Cr | Investors: ACE Urban Mauritius Limited |
| Jun 2017 | Funding round | ₹90.53 Cr | Investors: ACE Urban Mauritius Limited |
| Dec 2015 | Rights issue | ₹27 Cr | Investors: 2 individuals |
To see the full deal history of Ace Urban Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ace Urban Developers Private Limited has 30 court cases on record: 3 filed by Ace Urban Developers, 27 filed against it. 12 cases are pending and 18 are disposed.
Total cases
30
Filed by the company
3
Filed against the company
27
Pending
12
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 14 | 14 | 6 |
| High courts | 10 | 9 | 2 |
| District courts | 3 | 2 | 2 |
| Supreme Court | 3 | 2 | 2 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by People Tech Infracon Private Limited | Pending |
| High Court, TELANGANA | Revision petition | Filed against the company by People Tech Infracon Private Limited | Pending |
| District court, Hyderabad Central, Telangana | Civil suit | Filed against the company by People Tech Infracon Private Limited | Pending |
| High Court, TELANGANA | Writ petition | Filed against the company by M/S.Ambica Agarbathies Aroma and Industries Ltd. | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by M/S Swagruha Projects Pvt. Ltd. Rep. by Its Managing Director B. Sudhakar Flat No. 304, Amarchand Sharma Complex, S.D. Road, Secunderabad03 , District: . ,Secunderabad , Telangana | Pending |
To see the full case history of Ace Urban Developers Private Limited, buy the company report.
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.
MSME payment delays
Ace Urban Developers Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 108 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raxa Security Services Limited | |||
| an individual supplier | |||
| Kapston Services Limited | |||
| Saini Electronic Security System | |||
| an individual supplier |
To see the full MSME payment records of Ace Urban Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ace Urban Developers has 11 subsidiary companies and 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
11
Subsidiary companies
4
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Acehibc Private Limited | U45100TG2015PTC129908 | |
| Metro Jubilee Projects Private Limited | U45202TG2020PTC145196 | |
| Metrotec Kiosk Package 9 Private Limited | U45203TG2021PTC156446 | |
| Metrotec Kiosk Package 10 Private Limited | U45209TG2021PTC156502 | |
| Metrotec Kiosk Package 8 Private Limited | U45209TG2021PTC156505 | |
| Metrotec Kiosk Package 7 Private Limited | U45500TG2021PTC156497 |
To see the full group structure of Ace Urban Developers Private Limited, buy the company report.
Employees & EPFO
Ace Urban Developers Private Limited has a workforce of 25 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
-37.5%
GST
Ace Urban Developers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AANCA4001H1ZX | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AANCA4001H1ZZ | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ace Urban Developers Private Limited, buy the company report.
Recent activity
Ace Urban Developers Private Limited has 9 board changes on record since 2015: 5 appointments and 4 cessations. The latest: Shankar Kuna ceased to be Additional Director on 29 Sep 2025.
AGM
Ace Urban Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Shankar Kuna ceased to be Additional Director.
Charges
A charge registered on 21 Apr 2022 via Charge ID 100576287 with Others was fully satisfied on 25 Jul 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101102304 was registered on 02 Jun 2025.
Charges
A charge registered on 30 Jul 2021 via Charge ID 100483085 with Hdfc Bank Limited was fully satisfied on 03 Apr 2025.
Appointed
Shankar Kuna was appointed as Director.
Charges
A charge with Others of Rs. 440.00 Cr registered on 15 Feb 2024 with Charge ID 100898504 was modified on 28 Oct 2024.
Filing
Ace Urban Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Charges
A charge registered on 15 Nov 2017 via Charge ID 100148614 with Yes Bank Limited was fully satisfied on 11 Mar 2024.
Charges
A charge registered on 29 Dec 2017 via Charge ID 100148350 with Idbi Trusteeship Services Limited was fully satisfied on 27 Feb 2024.
Charges
A charge with Others amounted to Rs. 440.00 Cr with Charge ID 100898504 was registered on 15 Feb 2024.
Appointed
Kumar Raghavan was appointed as Company Secretary.
15 earlier events are in the company report.
Frequently asked questions
Ace Urban Developers is an active private limited company based in Machilipatnam, Andhra Pradesh, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 04 February 2015 (11+ years old) and is registered under CIN U45209AP2015PTC096147.
Ace Urban Developers has 5 current directors and KMP:
- Mahesh Kolli - Director
- Chalamalasetty Swathi - Director
- Shankar Kuna - Director
- Anil Kumar Chalamalasetty - Director
- Kumar Raghavan - Company Secretary
The latest financial statements of Ace Urban Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ace Urban Developers is 37AANCA4001H1ZX, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AANCA4001H1ZZ (Telangana).
The CIN (Corporate Identification Number) of Ace Urban Developers is U45209AP2015PTC096147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Urban Developers has 30 court cases on record: 3 filed by the company and 27 filed against it. 12 are pending. Most are in the nclat.
Ace Urban Developers was incorporated on 04 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Vijayawada.
Ace Urban Developers has 5 deals on record (3 rights issues, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹486.13 Cr; the latest was in March 2022.
Shankar Kuna ceased to be Additional Director on 29 Sep 2025. Shankar Kuna was appointed as Director on 15 Feb 2025. Kumar Raghavan was appointed as Company Secretary on 01 Aug 2022. Ace Urban Developers has 9 board changes on record in total.
Yes, Ace Urban Developers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0197114).
Ace Urban Developers has 11 MSME Form 1 returns on record between 2019 and 2023, listing 108 overdue payments to 7 micro and small suppliers. The latest return was filed on 07 Nov 2023.