Ascend Capital Resources Private Limited
About Ascend Capital Resources Private Limited
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Ascend Capital Resources Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 10 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1995PTC024163.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹21.27 Lakh. It is led by directors Vidit Mehta Ajoy and Ajoy Mehta Utsavraj.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1317 Shivalik Satyamev Ambli Bopal Brts Junction Sardar Patel Ring Road Bopal, Ahmedabad, Gujarat, India – 380058.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.59 Lakh, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹12,734 (net margin 2.8%) and EBITDA of ₹12,734 (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ascend Capital Resources Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1317 Shivalik Satyamev Ambli Bopal Brts Junction Sardar Patel Ring Road Bopal, Ahmedabad, Gujarat, India – 380058
- IndustryFinancial Services, Financial Activities
To see the full contact details of Ascend Capital Resources 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 Ascend Capital Resources is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Ascend Capital Resources Private Limited
FY 2025 filings availableAscend Capital Resources Private Limited reported revenue of ₹4.59 Lakh (up 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 50% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 33% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹12,734 | ||||
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| Net Profit (PAT) | ₹12,734 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 2.8% | ||||
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To see the full financial statements and ratios of Ascend Capital Resources Private Limited, buy the company report.
Board of directors of Ascend Capital Resources Private Limited
Ascend Capital Resources has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidit Mehta Ajoy Also directs: Sun Infrapower Private Limited, S B Realty Developers Private Limited, Sun Residency Private Limited and 5 more | Director | 21 May 2018 | 8 Years 5 Months | Current |
| Ajoy Mehta Utsavraj Also directs: Ce Handlers and Logistics LLP, Jhota Metals Minerals and Fertilizers Limited, E-Motion Power Limited and 5 more | Director | 20 May 2004 | 22 Years 5 Months | Current |
Auditor
Ascend Capital Resources Private Limited is audited by KOTHARI SANGAWAT & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOTHARI SANGAWAT & ASSOCIATES | FY 2017 | 132985W |
Shareholding
The shareholding of Ascend Capital Resources 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 Ascend Capital Resources Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ascend Capital Resources Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ascend Capital Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ascend Capital Resources has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Ascend Capital Resources Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ascend Capital Resources Private Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Ashokkumar Ramdayalchand Bhandari ceased to be Director on 24 May 2018.
Frequently asked questions
Ascend Capital Resources is an active private limited company based in Ahmedabad, Gujarat, India. The company works in financial activities, within the financial services industry. It was incorporated on 10 January 1995 (31+ years old) and is registered under CIN U65910GJ1995PTC024163.
Ascend Capital Resources has 2 current directors:
- Vidit Mehta Ajoy - Director
- Ajoy Mehta Utsavraj - Director
The latest financial statements of Ascend Capital Resources on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ascend Capital Resources is U65910GJ1995PTC024163. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascend Capital Resources was incorporated on 10 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashokkumar Ramdayalchand Bhandari ceased to be Director on 24 May 2018. Vidit Mehta Ajoy was appointed as Director on 21 May 2018. Ajoy Mehta Utsavraj was appointed as Director on 20 May 2004. Ascend Capital Resources has 4 board changes on record in total.
The registered office of Ascend Capital Resources is at 1317 Shivalik Satyamev Ambli Bopal Brts Junction Sardar Patel Ring Road Bopal, Ahmedabad, Gujarat, India – 380058.
Ascend Capital Resources operates in the financial services industry, in the financial activities segment.
The compliance status of Ascend Capital Resources is compliant as of 25 July 2026. The company is actively filing with the Registrar of Companies.
Ascend Capital Resources can be reached at its registered office: 1317 Shivalik Satyamev Ambli Bopal Brts Junction Sardar Patel Ring Road Bopal, Ahmedabad, Gujarat, India – 380058.
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