About Ascendnextgen Technologies India Private Limited
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Ascendnextgen Technologies India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 05 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC149099.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Raja Suresh Babu and Aishwarya Ramesh Savanur.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #423 8th C Main 4th Cross Kalyan Nagar 1st Block, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.61 Cr, a growth of 80% compared to the previous year. For the same year it recorded a net profit of ₹5.66 Lakh (net margin 3.5%) and EBITDA of ₹17.46 Lakh (EBITDA margin 10.9%).
For more details, the company can be reached via its website ascendnextgen.com.
- EmailLocked
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- Social Media
- Registered Address#423 8th C Main 4th Cross Kalyan Nagar 1st Block, Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Ascendnextgen Technologies India Private Limited
The main business activity of Ascendnextgen Technologies India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Ascendnextgen Technologies India Private Limited
Ascendnextgen Technologies India 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 |
|---|---|---|---|---|
| Raja Suresh Babu Also directs: Nextgen Exel Private Limited, Nextgen FMS Private Limited | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
| Aishwarya Ramesh Savanur Also directs: Nextgen Exel Private Limited | Director | 16 Sep 2022 | 4 Years 0 Months | Current |
Financials of Ascendnextgen Technologies India Private Limited FY 2023 filings available
Ascendnextgen Technologies India Private Limited reported revenue of ₹1.61 Cr (up 80% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ascendnextgen Technologies India Private Limited
Revenue rose 80% in the latest year. EBITDA rose 129% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Ascendnextgen Technologies India Private Limited
| Metrics | 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 | ₹17.46 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.66 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 of Ascendnextgen Technologies India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10.9% | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ascendnextgen Technologies India are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ascendnextgen Technologies India Private Limited
Ascendnextgen Technologies India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ascendnextgen Technologies India Private Limited
Employment history and EPFO contributions of people linked to Ascendnextgen Technologies India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Ascendnextgen Technologies India Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Ascendnextgen Technologies India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ascendnextgen Technologies India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ascendnextgen Technologies India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ascendnextgen Technologies India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Ascendnextgen Technologies India Private Limited
Frequently Asked Questions about Ascendnextgen Technologies India Private Limited
Ascendnextgen Technologies India is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 05 July 2021 (5+ years old) and is registered under CIN U72900KA2021PTC149099.
Ascendnextgen Technologies India reported revenue of ₹1.61 Cr for FY 2024 (up 80% YoY).
Ascendnextgen Technologies India has 2 current directors:
- Raja Suresh Babu - Director
- Aishwarya Ramesh Savanur - Director
Ascendnextgen Technologies India reported a net profit of ₹5.66 Lakh (net margin 3.5%) and EBITDA of ₹17.46 Lakh (EBITDA margin 10.9%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Ascendnextgen Technologies India is U72900KA2021PTC149099. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascendnextgen Technologies India was incorporated on 05 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Ascendnextgen Technologies India can be reached through the website ascendnextgen.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ascendnextgen Technologies India is at #423 8th C Main 4th Cross Kalyan Nagar 1st Block, Bangalore, Karnataka, India – 560043.
Ascendnextgen Technologies India has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.