MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-10-0004290
Ascent Electrification Engineers Private Limited - energy and power in Jamnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.85 Cr
▲ 5% YoY
Net profit · FY 2025
₹18.44 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹43.51 Lakh
EBITDA margin 5.5%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5.25 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
118
Provident fund records
About Ascent Electrification Engineers Private Limited
Data last updated:
Ascent Electrification Engineers Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 27 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2015PTC082721. Its GSTIN is 24AANCA3557A1ZZ (Gujarat). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Kiritkumar Rugnath Sitapara and Bharat Mathurbhai Chhabhaya.
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 Jamnagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.85 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹18.44 Lakh (net margin 2.3%) and EBITDA of ₹43.51 Lakh (EBITDA margin 5.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company has about 118 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.25 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
Ascent Electrification Engineers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-10-0004290). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentengrs.com.
Company details
CIN U74999GJ2015PTC082721
Registration Number 082721
Incorporation Date 27 March 2015
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-10-0004290
Recognitions & Rankings of Ascent Electrification Engineers
Contact details
Ascent Electrification Engineers Private Limited's registered office is in Jamnagar, Gujarat. Its website is ascentengrs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 242 Swaminarayan Nagar 1 Opp Ramkrishna Vivekanand Ashram B/H Ha, Lar House, Jamnagar, Gujarat, India – 361001
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Ascent Electrification Engineers Private Limited, buy the company report.
Comprehensive company report
Ascent Electrification Engineers 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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Secure checkout · GST invoice included
Business activity
The main business activities of Ascent Electrification Engineers are professional, scientific and technical and trade. In detail, this covers architecture, engineering activities, technical testing and analysis activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ascent Electrification Engineers Private Limited, buy the company report.
Financials of Ascent Electrification Engineers Private Limited
FY 2025 filings availableAscent Electrification Engineers Private Limited reported revenue of ₹7.85 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹7.85 Cr ▲ 5%
Net profit · FY 2025
₹18.44 Lakh margin 2.3%
EBITDA · FY 2025
₹43.51 Lakh margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▼ 8%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 29%
5 years · compounded
▼ 2%
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 13% 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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| Total Expenses | |||||
| EBITDA | ₹43.51 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.44 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Ascent Electrification Engineers Private Limited, buy the company report.
Board of directors of Ascent Electrification Engineers Private Limited
Ascent Electrification Engineers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiritkumar Rugnath Sitapara Also directs: Ascent Epc Private Limited | Director | 01 Nov 2022 | 3 Years 11 Months | Current |
| Bharat Mathurbhai Chhabhaya Also directs: Ascent Engitech Private Limited | Director | 01 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Ascent Electrification Engineers Private Limited is audited by K. R. Doshi & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. R. Doshi & Associates | FY 2022 | 123746W |
Shareholding
The shareholding of Ascent Electrification Engineers 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascent Electrification Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101087922 | Others | ₹9.52 Lakh | Open | |
| 08 Sep 2020 | 100370379 | Others | ₹15.5 Lakh | Open | |
| 26 Dec 2017 | 100200690 | Others | ₹5 Cr | Open |
To see the full charge records of Ascent Electrification Engineers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ascent Electrification Engineers Private Limited has 2 court cases on record: 1 filed by Ascent Electrification Engineers, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against M/S. IT Expressway Ltd | Disposed |
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (S.C.S.) | Filed against the company by an individual | Pending |
To see the full case history of Ascent Electrification Engineers 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
Ascent Electrification Engineers Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 7 overdue payments to 6 micro and small suppliers. 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 (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Voltech Engineers Private Limited | |||
| System Protection |
To see the full MSME payment records of Ascent Electrification Engineers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ascent Electrification Engineers Private Limited has a workforce of 118 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
118
Active EPFO establishments
1
Employee growth
-16.9%
GST
Ascent Electrification Engineers has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA3557A1ZZ | Gujarat | Active | 01 Jul 2017 |
| 08AANCA3557A1ZT | Rajasthan | Active | 24 Aug 2017 |
| 23AANCA3557A1Z1 | Madhya Pradesh | Active | 30 Aug 2017 |
| 27AANCA3557A1ZT | Maharashtra | Active | 01 Jan 2019 |
To see the full GST registrations and return filing status of Ascent Electrification Engineers Private Limited, buy the company report.
Recent activity
Ascent Electrification Engineers Private Limited has 6 board changes on record since 2019: 2 appointments and 4 cessations. The latest: Champaklal Rugnath Sitapara ceased to be Director on 01 Apr 2025.
AGM
Ascent Electrification Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Champaklal Rugnath Sitapara ceased to be Director.
Filing
Ascent Electrification Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 101087922 was registered on 26 Mar 2025.
Charges
A charge with Others of Rs. 5.00 Cr registered on 26 Dec 2017 with Charge ID 100200690 was modified on 19 Jun 2023.
Appointed
Bharat Mathurbhai Chhabhaya was appointed as Director.
Appointed
Kiritkumar Rugnath Sitapara was appointed as Director.
Ceased
Bharat Mathurbhai Chhabhaya ceased to be Director.
Ceased
Kiritkumar Rugnath Sitapara ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100370379 was registered on 08 Sep 2020.
Ceased
Ashvinkumar Chakubhai Boda ceased to be Director.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100200690 was registered on 26 Dec 2017.
1 earlier event is in the company report.
Frequently asked questions
Ascent Electrification Engineers is an active private limited company based in Jamnagar, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 27 March 2015 (11+ years old) and is registered under CIN U74999GJ2015PTC082721.
Ascent Electrification Engineers has 2 current directors:
- Kiritkumar Rugnath Sitapara - Director
- Bharat Mathurbhai Chhabhaya - Director
The latest financial statements of Ascent Electrification Engineers 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 Ascent Electrification Engineers is 24AANCA3557A1ZZ, registered in Gujarat. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 08AANCA3557A1ZT (Rajasthan), 23AANCA3557A1Z1 (Madhya Pradesh), 27AANCA3557A1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Ascent Electrification Engineers is U74999GJ2015PTC082721. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Electrification Engineers has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Ascent Electrification Engineers was incorporated on 27 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Champaklal Rugnath Sitapara ceased to be Director on 01 Apr 2025. Bharat Mathurbhai Chhabhaya was appointed as Director on 01 Nov 2022. Kiritkumar Rugnath Sitapara was appointed as Director on 01 Nov 2022. Ascent Electrification Engineers has 6 board changes on record in total.
Yes, Ascent Electrification Engineers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-10-0004290).
Ascent Electrification Engineers has 2 MSME Form 1 returns on record between 2018 and 2019, listing 7 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.
Ascent Electrification Engineers can be reached through the website ascentengrs.com. Its registered office is in Jamnagar, Gujarat, India.