About Ascendas Firstspace Development Management Private Limited
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Ascendas Firstspace Development Management Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Ascendas India Logistics Holdings Pte Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 24 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70200TN2016PTC113493. Its GSTIN is 33AACCF9858Q1ZT (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹33 Cr and a paid-up capital of ₹30.83 Cr. It was formerly known as Firstspace Development Management Private Limited. It is led by directors Nupur Gulati and Seenuvasan Ganesan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8 First Floor Pinnacle Building International Tech Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.41 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹1.65 Cr (net margin 4%) and EBITDA of ₹2.3 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2021. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website capitaland.com.
Company details
Contact details
Ascendas Firstspace Development Management Private Limited's registered office is in Chennai, Tamil Nadu. Its website is capitaland.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No.7 & 8 First Floor Pinnacle Building International Tech Park Csir Road Tara, Mani, Chennai, Tamil Nadu, India – 600113
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Ascendas Firstspace Development Management 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 Ascendas Firstspace Development Management 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 Ascendas Firstspace Development Management Private Limited, buy the company report.
Financials of Ascendas Firstspace Development Management Private Limited
FY 2024 filings availableAscendas Firstspace Development Management Private Limited reported revenue of ₹41.41 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 38% growth in the latest year. EBITDA rose 1% 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 | ₹2.3 Cr | ||||
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| Net Profit (PAT) | ₹1.65 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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| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Ascendas Firstspace Development Management Private Limited, buy the company report.
Board of directors of Ascendas Firstspace Development Management Private Limited
Ascendas Firstspace Development Management has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nupur Gulati | Director | 30 Jan 2018 | 8 Years 9 Months | Current |
| Seenuvasan Ganesan | Director | 12 Mar 2021 | 5 Years 8 Months | Current |
Auditor
Ascendas Firstspace Development Management Private Limited is audited by BSR & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Ascendas Firstspace Development Management 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Ascendas Firstspace Development Management Private Limited, buy the company report.
Deals & funding
Ascendas Firstspace Development Management Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Firstspace Realty LLP Seller: an individual |
| Feb 2019 | Rights issue | ₹15.65 Cr | Investors: Ascendas India Logistics Holdings Pte Limited |
| May 2017 | Rights issue | ₹15.18 Cr | Investors: Ascendas India Logistics Holdings Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ascendas Firstspace Development Management Private Limited has 2 court cases on record: 1 filed by Ascendas Firstspace Development Management, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Shree Narayan Logitech LLP and Ors and 2 others | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Shree Narayan Logitech LLP and 2 others | Disposed |
To see the full case history of Ascendas Firstspace Development Management 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
Ascendas Firstspace Development Management Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Moksh Travels India Private Limited |
To see the full MSME payment records of Ascendas Firstspace Development Management Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ascendas Firstspace Development Management Private Limited has a workforce of 44 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 44 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Ascendas Firstspace Development Management Private Limited, buy the company report.
GST
Ascendas Firstspace Development Management has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCF9858Q1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 27AACCF9858Q1ZM | Maharashtra | Active | 30 Aug 2017 |
| 27AACCF9858Q2ZL | Maharashtra | Active | 09 Jul 2019 |
To see the full GST registrations and return filing status of Ascendas Firstspace Development Management Private Limited, buy the company report.
Recent activity
Ascendas Firstspace Development Management Private Limited has 12 board changes on record since 2016: 7 appointments and 5 cessations. The latest: Senthil Vijayasundaram ceased to be Director on 02 Apr 2025.
3 earlier events are in the company report.
Frequently asked questions
Ascendas Firstspace Development Management is an active private limited company based in Chennai, Tamil Nadu, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 24 November 2016 (10+ years old) and is registered under CIN U70200TN2016PTC113493.
Ascendas Firstspace Development Management has 2 current directors:
- Nupur Gulati - Director
- Seenuvasan Ganesan - Director
The latest financial statements of Ascendas Firstspace Development Management on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ascendas Firstspace Development Management is 33AACCF9858Q1ZT, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AACCF9858Q1ZM (Maharashtra), 27AACCF9858Q2ZL (Maharashtra).
The CIN (Corporate Identification Number) of Ascendas Firstspace Development Management is U70200TN2016PTC113493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascendas Firstspace Development Management has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Ascendas Firstspace Development Management was incorporated on 24 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Ascendas Firstspace Development Management has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2021.
Senthil Vijayasundaram ceased to be Director on 02 Apr 2025. Dharmiah Suresh Kumar ceased to be Director on 12 Mar 2021. Seenuvasan Ganesan was appointed as Director on 12 Mar 2021. Ascendas Firstspace Development Management has 12 board changes on record in total.
Ascendas Firstspace Development Management has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Apr 2020.
Ascendas Firstspace Development Management can be reached through the website capitaland.com. Its registered office is in Chennai, Tamil Nadu, India.
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