About Ascendum Solutions India Private Limited
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Ascendum Solutions India Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ascendum Solutions Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2008PTC052947. Its GSTIN is 29AAGCA8236M1Z5 (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Kamlesh Vaghjibhai Vora and Mahendra Babaldas Vora.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹106.89 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹16.08 Cr (net margin 15%) and EBITDA of ₹24.09 Cr (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 1% over five years.
The company has about 186 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Ascendum. As per MCA filings, the company has satisfied charges of ₹100 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascendum.com.
Company details
Contact details
Ascendum Solutions India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ascendum.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/7 Ground Floor Safal Profitaire Off 100 Ft.Road Opp. Prahladnagar Garde, N Road, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ascendum Solutions India 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
Brands
Ascendum Solutions India operates one associated brand: Ascendum. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT and HR services are delivered across key industries. | ascendum.com |
Business activity
The main business activity of Ascendum Solutions India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ascendum Solutions India Private Limited, buy the company report.
Financials of Ascendum Solutions India Private Limited
FY 2024 filings availableAscendum Solutions India Private Limited reported revenue of ₹106.89 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 19% 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 | ₹24.09 Cr | ||||
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| Net Profit (PAT) | ₹16.08 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 | 22.5% | ||||
| Net Profit Margin | 15% | ||||
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To see the full financial statements and ratios of Ascendum Solutions India Private Limited, buy the company report.
Board of directors of Ascendum Solutions India Private Limited
Ascendum Solutions India has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamlesh Vaghjibhai Vora Also directs: Anand Endeavours LLP, Cfirst Background Checks LLP, Assurecare Healthtech LLP and 5 more | Director | 16 Aug 2018 | 8 Years 2 Months | Current |
| Mahendra Babaldas Vora Also directs: Answerpal Technologies Private Limited, Ascendum KPS Private Limited, Opcommerce Online Private Limited and 1 more | Director | 18 Feb 2008 | 18 Years 8 Months | Current |
| Velayudhan Krishnan Nair Also directs: Ascendum KPS Private Limited, Opcommerce Online Private Limited, Vora Tech-Venture Private Limited and 1 more | Director | 14 Aug 2008 | 18 Years 2 Months | Current |
| Viral Champaklal Vora Also directs: Anand Endeavours LLP, Cfirst Background Checks LLP, Assurecare Healthtech LLP and 5 more | Director | 05 Jun 2018 | 8 Years 4 Months | Current |
Peer comparison
Ascendum Solutions India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Homeward Residential Corporation India Private Limited | ₹108.92 Cr (FY 2015) | Bangalore, Karnataka, India | ||||
| Grayeye IT Systems Private Limited | ₹108.51 Cr (FY 2024) | 676.0% | Chennai, Tamil Nadu, India | |||
| Arcserve India Software Solutions Private Limited | ₹108.13 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India | |||
| Nexgen Digital Infrastructures Private Limited | ₹107.81 Cr (FY 2025) | -28.0% | Jaipur, Rajasthan, India | |||
| Sri Mookambika Infosolutions Private Limited | ₹107.36 Cr (FY 2025) | 17.0% | Bangalore, Karnataka, India | |||
| Ascendum Solutions India Private Limitedthis company | ₹106.89 Cr (FY 2025) | ₹16.08 Cr | 15% | -5.0% | 186 | Ahmedabad, Gujarat, India |
| Hansen Systems Private Limited | ₹106.52 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| Quickplay Media Private Limited | ₹106.42 Cr (FY 2025) | -8.0% | Sriperumbudur, Tamil Nadu, India | |||
| Vpti Solutions Private Limited | ₹106.06 Cr (FY 2024) | -4.0% | Hyderabad, Telangana, India | |||
| Easy Platform Services Private Limited | ₹106.05 Cr (FY 2025) | 274.0% | Mumbai, Maharashtra, India | |||
| Vedavaag Systems Limited | ₹105.93 Cr (FY 2025) | 22.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ascendum Solutions India Private Limited, buy the company report.
Auditor
Ascendum Solutions India Private Limited is audited by G.K CHOKSI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.K CHOKSI & CO. | FY 2023 | 101895W |
Shareholding
The shareholding of Ascendum Solutions India 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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To see the full shareholding pattern of Ascendum Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2013 | 10416634 | Corporation Bank | ₹30 Cr | Satisfied | |
| 03 Dec 2010 | 10257244 | Hdfc Bank Limited | ₹35 Cr | Satisfied | |
| 26 Nov 2010 | 10256343 | Hdfc Bank Limited | ₹35 Cr | Satisfied |
To see the full charge records of Ascendum Solutions India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ascendum Solutions India Private Limited has 1 court case on record: 1 filed by Ascendum Solutions India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Orchids Apartments Pvt. Ltd. and 1 other | Disposed |
To see the full case history of Ascendum Solutions 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.
Credit ratings & regulatory alerts
Ascendum Solutions India Private Limited was last rated by Icra on 08 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jan 2021 |
To see the full credit ratings and regulatory alerts of Ascendum Solutions India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ascendum Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ascendum Solutions India has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sourcebits Technologies Private Limited | U72200KA2006PTC039143 | |
| Ascendum KPS Private Limited | U72900GJ2001PTC039192 | |
| Essecom Private Limited | U72900KA2001PTC029062 |
To see the full group structure of Ascendum Solutions India Private Limited, buy the company report.
Employees & EPFO
Ascendum Solutions India Private Limited has a workforce of 186 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Ascendum Solutions India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCA8236M1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascendum Solutions India Private Limited, buy the company report.
Recent activity
Ascendum Solutions India Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Kamlesh Vaghjibhai Vora was appointed as Director on 16 Aug 2018.
3 earlier events are in the company report.
News
Frequently asked questions
Ascendum Solutions India is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 February 2008 (18+ years old) and is registered under CIN U72200GJ2008PTC052947.
Ascendum Solutions India has 4 current directors:
- Kamlesh Vaghjibhai Vora - Director
- Mahendra Babaldas Vora - Director
- Velayudhan Krishnan Nair - Director
- Viral Champaklal Vora - Director
The latest financial statements of Ascendum Solutions India 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 2015 are in the company report.
The GSTIN of Ascendum Solutions India is 29AAGCA8236M1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Ascendum Solutions India is U72200GJ2008PTC052947. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascendum Solutions India has 1 court case on record: 1 filed by the company.
Ascendum Solutions India was incorporated on 18 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ascendum Solutions India by revenue are Homeward Residential Corporation India Private Limited, Grayeye IT Systems Private Limited, Arcserve India Software Solutions Private Limited, Nexgen Digital Infrastructures Private Limited, Sri Mookambika Infosolutions Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Kamlesh Vaghjibhai Vora was appointed as Director on 16 Aug 2018. Kamlesh Vaghjibhai Vora ceased to be Director on 05 Jun 2018. Viral Champaklal Vora was appointed as Director on 05 Jun 2018. Ascendum Solutions India has 5 board changes on record in total.
Ascendum Solutions India can be reached through the website ascendum.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Ascendum Solutions India is at A7 Ground Floor Safal Profitaire Off 100 Ft.Road Opp. Prahladnagar Garde, N Road, Ahmedabad, Gujarat, India – 380015.