Acetower Agencies Private Limited
About Acetower Agencies Private Limited
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Acetower Agencies Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 15 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52300TN2013PTC092150. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors Murugan Kandasamy (Managing Director) and Sabaridevi.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at First Floor Old No 14 – A New No 4A Kamala 2nd Street Chinna Chokkikulam, Madurai, Tamil Nadu, India – 625002.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.52 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Lakh (net margin 0.2%) and EBITDA of ₹43.5 Lakh (EBITDA margin 6.7%).
As per MCA filings, the company has open charges of ₹2.56 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Acetower Agencies Private Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFirst Floor Old No 14 – A New No 4A Kamala 2nd Street Chinna Chokkikulam, Madurai, Tamil Nadu, India – 625002
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Acetower Agencies Private Limited, buy the company report.
- 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
Business activity
The main business activity of Acetower Agencies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Acetower Agencies Private Limited, buy the company report.
Financials of Acetower Agencies Private Limited
FY 2017 filings availableAcetower Agencies Private Limited reported revenue of ₹6.52 Cr (down 23% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year. EBITDA rose 50% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹6.52 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹43.5 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.42 Lakh | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.7% | ||
| Net Profit Margin | 0.2% | ||
| 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 | |||
To see the full financial statements and ratios of Acetower Agencies Private Limited, buy the company report.
Board of directors of Acetower Agencies Private Limited
Acetower Agencies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Murugan Kandasamy Also directs: Ace Medical Solutions (India) Private Limited | Managing Director | 15 Jul 2013 | 13 Years 3 Months | Current |
| Sabaridevi | Director | 15 Jul 2013 | 13 Years 3 Months | Current |
Peer comparison
Acetower Agencies Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (Electronic Appliances Retail and Distribution, Transmission and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aventia Automation Private Limited | ₹6.54 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Beta Av Systems Private Limited | ₹6.53 Cr (FY 2025) | -68.0% | New Delhi, Delhi, India | |||
| Bhawani Wire Private Limited | ₹6.53 Cr (FY 2025) | -48.0% | Delhi, India | |||
| Acetower Agencies Private Limitedthis company | ₹6.52 Cr (FY 2017) | ₹1.42 Lakh | 0.2% | -23.0% | Madurai, Tamil Nadu, India | |
| Abhimanhan Energy Private Limited | ₹6.51 Cr (FY 2023) | 292.0% | Mumbai, Maharashtra, India | |||
| Gevika Communications Private Limited | ₹6.5 Cr (FY 2018) | 116.0% | Puducherry, India |
To see the full peer comparison of Acetower Agencies Private Limited, buy the company report.
Shareholding
The shareholding of Acetower Agencies Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Acetower Agencies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2016 | 100033687 | Lakshmi Vilas Bank Limited | ₹1.3 Cr | Open | |
| 25 Aug 2015 | 10589765 | Axis Bank Limited | ₹6 Lakh | Open | |
| 18 May 2015 | 10570226 | Hdfc Bank Limited | ₹1.2 Cr | Open |
Total charge records: 3 View all charges
Legal cases
Acetower Agencies Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Mirc Electronics Limited | Pending |
To see the full case history of Acetower Agencies 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
No delayed payments to MSME suppliers are on our record for Acetower Agencies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Acetower Agencies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Acetower Agencies Private Limited, buy the company report.
Recent activity
Acetower Agencies Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Karthigai Kumar Suganthi ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
Acetower Agencies is an active private limited company based in Madurai, Tamil Nadu, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 15 July 2013 (13+ years old) and is registered under CIN U52300TN2013PTC092150.
Acetower Agencies has 2 current directors:
- Murugan Kandasamy - Managing Director
- Sabaridevi - Director
The latest financial statements of Acetower Agencies on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Acetower Agencies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Acetower Agencies is U52300TN2013PTC092150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acetower Agencies has 1 court case on record: 1 filed against it. 1 is pending.
Acetower Agencies was incorporated on 15 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Acetower Agencies by revenue are Aventia Automation Private Limited, Beta Av Systems Private Limited, Bhawani Wire Private Limited, Abhimanhan Energy Private Limited, Gevika Communications Private Limited, all in the Power industry (Electronic Appliances Retail and Distribution, Transmission and Distribution), with the same principal business activity (wholesale trading).
Karthigai Kumar Suganthi ceased to be Additional Director on 30 Sep 2017. Annamalai Muthukumar ceased to be Director on 28 Aug 2016. Murugan Kandasamy was appointed as Managing Director on 15 Jul 2013. Acetower Agencies has 4 board changes on record in total.
The registered office of Acetower Agencies is at First Floor Old No 14 – A New No 4A Kamala 2nd Street Chinna Chokkikulam, Madurai, Tamil Nadu, India – 625002.
Acetower Agencies operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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