MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-08-0040121
Ascend Performance Materials India Private Limited - chemicals and materials in Sriperumbudur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹328.22 Cr
▲ 16% YoY
Net loss · FY 2025
₹10.06 Cr
Net margin -3.1%
EBITDA · FY 2025
₹20.01 Cr
EBITDA margin 6.1%
Authorised capital
₹75.1 Lakh
Registered with MCA
Paid-up capital
₹75.1 Lakh
Issued & subscribed
Open charges
₹43.5 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
76
Provident fund records
About Ascend Performance Materials India Private Limited
Data last updated:
Ascend Performance Materials India Private Limited is a foreign private limited company based in Sriperumbudur, Tamil Nadu, India, a subsidiary of Ascend Performance Materials Netherlands Holding B.V.. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 20 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25200TN2021FTC148694. Its GSTIN is 33AAWCA2770Q1ZX (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹75.1 Lakh and a paid-up capital of ₹75.1 Lakh. It is led by directors Dharmendra Pankaj Vahalia (Managing Director) and Madhav Shreemukund.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Industrial Park, Sriperumbudur, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹328.22 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹10.06 Cr (net margin -3.1%) and EBITDA of ₹20.01 Cr (EBITDA margin 6.1%).
The company has about 76 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹43.5 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending. The company has 2 deals on record (2 rights issues); the latest was in June 2022. Its 5 peer companies in the Manufacturing industry (Dyes and Pigments, Industrial Chemicals, Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Servo Packaging Limited with revenue of ₹335.3 Cr.
Ascend Performance Materials India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-08-0040121). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascendmaterials.com.
Company details
CIN U25200TN2021FTC148694
Registration Number 148694
Incorporation Date 20 December 2021
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ascend Performance Materials Netherlands Holding B.V.
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-08-0040121
Recognitions & Rankings of Ascend Performance Materials India
Contact details
Ascend Performance Materials India Private Limited's registered office is in Sriperumbudur, Tamil Nadu. Its website is ascendmaterials.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressK7 & K8 South Avenue Road Sipcot, Industrial Park Irungattukottai Kancheepuram Chennai, Sriperumbudur, Tamil Nadu, India – 602117
- IndustryChemicals and Materials, Dyes & Pigments, Colorants, Industrial Chemicals
To see the full contact details of Ascend Performance Materials India Private Limited, buy the company report.
Comprehensive company report
Ascend Performance Materials India 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 Ascend Performance Materials India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Ascend Performance Materials India Private Limited, buy the company report.
Financials of Ascend Performance Materials India Private Limited
FY 2025 filings availableAscend Performance Materials India Private Limited reported revenue of ₹328.22 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹328.22 Cr ▲ 16%
Net loss · FY 2025
₹10.06 Cr margin -3.1%
EBITDA · FY 2025
₹20.01 Cr margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 503%
Revenue rose 16% in the latest year. EBITDA rose 100% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹20.01 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹10.06 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.1% | |||
| Net Profit Margin | -3.1% | |||
| 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 Ascend Performance Materials India Private Limited, buy the company report.
Board of directors of Ascend Performance Materials India Private Limited
Ascend Performance Materials India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmendra Pankaj Vahalia | Managing Director | 07 Nov 2022 | 3 Years 11 Months | Current |
| Madhav Shreemukund | Director | 24 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Ascend Performance Materials India Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Dyes and Pigments, Industrial Chemicals, Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Servo Packaging Limited | ₹335.3 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Prime Comfort Products Private Limited | ₹331.35 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Ascend Performance Materials India Private Limitedthis company | ₹328.22 Cr (FY 2025) | -₹10.06 Cr | -3.1% | 16.0% | 76 | Sriperumbudur, Tamil Nadu, India |
| Eoc Polymers India Private Limited | ₹327.49 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Makwell Plastisizers Private Limited | ₹324.88 Cr (FY 2025) | -10.0% | Mumbai, Maharashtra, India | |||
| Soltex Petro Products Ltd. | ₹323.94 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ascend Performance Materials India Private Limited, buy the company report.
Auditor
Ascend Performance Materials India Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Ascend Performance Materials India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ascend Performance Materials India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹43.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2025 | 101180948 | Hdfc Bank Limited | ₹21 Cr | Open | |
| 03 Jun 2024 | 100945173 | The Hongkong and Shanghai Banking Corporation Limited | ₹22.5 Cr | Open |
To see the full charge records of Ascend Performance Materials India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ascend Performance Materials India Private Limited has 2 deals on record (2 rights issues); the latest was in June 2022.
Total deals
2
Rights issues
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Rights issue | ₹24.15 Cr | Investors: Ascend Performance Materials Netherlands Holding Bv |
| Apr 2022 | Rights issue | ₹60 Cr | Investors: Ascend Performance Materials Netherlands Holding Bv |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ascend Performance Materials India Private Limited has 6 court cases on record: 6 filed by Ascend Performance Materials India. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
6
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against Tecknovus Enterprises Private Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Disposed |
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against an individual | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Ascend Performance Materials India 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 Ascend Performance Materials India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascend Performance Materials India Private Limited has a workforce of 76 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
76
Active EPFO establishments
1
Employee growth
2.7%
GST
Ascend Performance Materials India has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAWCA2770Q1ZX | Tamil Nadu | Active | 18 Mar 2022 |
| 27AAWCA2770Q1ZQ | Maharashtra | Active | 14 Jun 2022 |
| 06AAWCA2770Q1ZU | Haryana | Active | 15 May 2023 |
To see the full GST registrations and return filing status of Ascend Performance Materials India Private Limited, buy the company report.
Recent activity
Ascend Performance Materials India Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Madhav Shreemukund was appointed as Director on 24 Dec 2025.
Appointed
Madhav Shreemukund was appointed as Director.
Ceased
Phillip Martin Mcdivitt ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 2,100.00 Lakh registered on 04 Oct 2025 with Charge ID 101180948 was modified on 26 Nov 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,100.00 Lakh with Charge ID 101180948 was registered on 04 Oct 2025.
AGM
Ascend Performance Materials India Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Ascend Performance Materials India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 2,250.00 Lakh registered on 03 Jun 2024 with Charge ID 100945173 was modified on 13 Jan 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 2,250.00 Lakh with Charge ID 100945173 was registered on 03 Jun 2024.
Ceased
Shailesh Shashikant Gupte ceased to be Director.
Appointed
Dharmendra Pankaj Vahalia was appointed as Managing Director.
Appointed
Phillip Martin Mcdivitt was appointed as Director.
Appointed
Shailesh Shashikant Gupte was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Ascend Performance Materials India is an active foreign private limited company based in Sriperumbudur, Tamil Nadu, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 20 December 2021 (5+ years old) and is registered under CIN U25200TN2021FTC148694.
Ascend Performance Materials India has 2 current directors:
- Dharmendra Pankaj Vahalia - Managing Director
- Madhav Shreemukund - Director
The latest financial statements of Ascend Performance Materials India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Ascend Performance Materials India is 33AAWCA2770Q1ZX, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAWCA2770Q1ZQ (Maharashtra), 06AAWCA2770Q1ZU (Haryana).
The CIN (Corporate Identification Number) of Ascend Performance Materials India is U25200TN2021FTC148694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascend Performance Materials India has 6 court cases on record: 6 filed by the company. 1 is pending. Most are in the district courts.
Ascend Performance Materials India was incorporated on 20 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
Ascend Performance Materials India has 2 deals on record (2 rights issues); the latest was in June 2022.
The peers of Ascend Performance Materials India by revenue are Servo Packaging Limited, Prime Comfort Products Private Limited, Eoc Polymers India Private Limited, Makwell Plastisizers Private Limited, Soltex Petro Products Ltd, all in the Manufacturing industry (Dyes and Pigments, Industrial Chemicals, Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Madhav Shreemukund was appointed as Director on 24 Dec 2025. Phillip Martin Mcdivitt ceased to be Director on 10 Dec 2025. Shailesh Shashikant Gupte ceased to be Director on 24 May 2023. Ascend Performance Materials India has 6 board changes on record in total.
Yes, Ascend Performance Materials India is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-08-0040121).
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