MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-23-0028121
Ascension Innovation Private Limited
Ascension Innovation Private Limited - energy and power in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹77.33 Lakh
▲ 291% YoY
Net profit · FY 2025
₹23.71 Lakh
Net margin 30.7%
EBITDA · FY 2025
₹28.62 Lakh
EBITDA margin 37%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Ascension Innovation Private Limited
Data last updated:
Ascension Innovation Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 16 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2012PTC231125. Its GSTIN is 27AAKCA5404D1Z0 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ganesh Shivaji Hale and Ganesh Kale Bhimrao.
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 Flat No. A – 704 Sharda Niketan Plot No. 9 10 Govind Nagar, Nashik, Maharashtra, India – 422009.
As per the financials filed for FY 2025, the company reported a revenue of ₹77.33 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23.71 Lakh (net margin 30.7%) and EBITDA of ₹28.62 Lakh (EBITDA margin 37%). Revenue has grown at a compounded annual rate (CAGR) of 214% over three years and 60% over five years.
Ascension Innovation Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0028121). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U29253MH2012PTC231125
Registration Number 231125
Incorporation Date 16 May 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-23-0028121
Recognitions & Rankings of Ascension Innovation
Contact details
Ascension Innovation Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No. A – 704 Sharda Niketan Plot No. 9 10 Govind Nagar, Nashik, Maharashtra, India – 422009
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Ascension Innovation Private Limited, buy the company report.
Comprehensive company report
Ascension Innovation 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Ascension Innovation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ascension Innovation Private Limited, buy the company report.
Financials of Ascension Innovation Private Limited
FY 2025 filings availableAscension Innovation Private Limited reported revenue of ₹77.33 Lakh (up 291% YoY) for FY 2025.
Revenue · FY 2025
₹77.33 Lakh ▲ 291%
Net profit · FY 2025
₹23.71 Lakh margin 30.7%
EBITDA · FY 2025
₹28.62 Lakh margin 37%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 291%
3 years · compounded
▲ 214%
5 years · compounded
▲ 60%
EBITDA CAGR growth
3 years · compounded
▲ 98%
5 years · compounded
▲ 64%
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 291% growth 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 | ₹28.62 Lakh | ||||
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| Net Profit (PAT) | ₹23.71 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 37% | ||||
| Net Profit Margin | 30.7% | ||||
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To see the full financial statements and ratios of Ascension Innovation Private Limited, buy the company report.
Board of directors of Ascension Innovation Private Limited
Ascension Innovation has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Shivaji Hale | Director | 16 May 2012 | 14 Years 5 Months | Current |
| Ganesh Kale Bhimrao | Director | 16 May 2012 | 14 Years 5 Months | Current |
Peer comparison
Ascension Innovation Private Limited is compared with the 4 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Venkateshwara Technocom Private Limited | ₹77.94 Lakh (FY 2024) | -32.0% | Jaipur, Rajasthan, India | |||
| Manpur Electric Works Private Limited | ₹77.93 Lakh (FY 2025) | -11.0% | Gaya, Bihar, India | |||
| Uvi Technologies Private Limited | ₹77.8 Lakh (FY 2025) | -13.0% | Indore, Madhya Pradesh, India | |||
| Ascension Innovation Private Limitedthis company | ₹77.33 Lakh (FY 2025) | ₹23.71 Lakh | 30.7% | 291.0% | Nashik, Maharashtra, India | |
| Asianplus Electricals Private Limited | ₹77.32 Lakh (FY 2023) | 364.0% | Kagal, Maharashtra, India |
To see the full peer comparison of Ascension Innovation Private Limited, buy the company report.
Auditor
Ascension Innovation Private Limited is audited by A K ABHONKAR & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K ABHONKAR & ASSOCIATES | FY 2022 | 141146W |
Shareholding
The shareholding of Ascension Innovation Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascension Innovation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ascension Innovation 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 Ascension Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascension Innovation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCA5404D1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascension Innovation Private Limited, buy the company report.
Recent activity
Ascension Innovation Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Dnyaneshwar Dadaji Ahire ceased to be Director on 25 Jan 2019.
AGM
Ascension Innovation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ascension Innovation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Dnyaneshwar Dadaji Ahire ceased to be Director.
Appointed
Dnyaneshwar Dadaji Ahire was appointed as Director.
Appointed
Ganesh Kale Bhimrao was appointed as Director.
Appointed
Ganesh Shivaji Hale was appointed as Director.
Incorporation
16 May 2012
Ascension Innovation Private Limited was registered on 16 May 2012 with Roc Mumbai & aged 14 years 5 months as per MCA records.
Frequently asked questions
Ascension Innovation is an active private limited company based in Nashik, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 16 May 2012 (14+ years old) and is registered under CIN U29253MH2012PTC231125.
Ascension Innovation has 2 current directors:
- Ganesh Shivaji Hale - Director
- Ganesh Kale Bhimrao - Director
The latest financial statements of Ascension Innovation 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 GSTIN of Ascension Innovation is 27AAKCA5404D1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ascension Innovation is U29253MH2012PTC231125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascension Innovation was incorporated on 16 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ascension Innovation by revenue are Venkateshwara Technocom Private Limited, Manpur Electric Works Private Limited, Uvi Technologies Private Limited, Asianplus Electricals Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Dnyaneshwar Dadaji Ahire ceased to be Director on 25 Jan 2019. Dnyaneshwar Dadaji Ahire was appointed as Director on 11 Jun 2012. Ganesh Kale Bhimrao was appointed as Director on 16 May 2012. Ascension Innovation has 4 board changes on record in total.
Yes, Ascension Innovation is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-23-0028121).
The registered office of Ascension Innovation is at Flat No. A – 704 Sharda Niketan Plot No. 9 10 Govind Nagar, Nashik, Maharashtra, India – 422009.
Ascension Innovation operates in the energy and power industry, in the power equipment manufacturers segment.