About Ascent Financial Solutions Private Limited
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Ascent Financial Solutions Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 15 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2011PTC065922. Its GSTIN is 24AAJCA6779N1ZY (Gujarat).
The company has an authorised share capital of ₹41 Lakh and a paid-up capital of ₹41 Lakh. It is led by directors including Prakash Hariram Lohana and Parag Sureshbhai Fanse.
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 Office No – 315&316 Notus IT Park Plot D Sarabhai Compaund, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.99 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹83.4 Lakh (net margin 41.8%) and EBITDA of ₹1.17 Cr (EBITDA margin 58.5%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 50% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentsolutions.in.
Company details
Contact details
Ascent Financial Solutions Private Limited's registered office is in Vadodara, Gujarat. Its website is ascentsolutions.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No – 315&316 Notus IT Park Plot D Sarabhai Compaund, Vadodara, Gujarat, India – 390007
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Ascent Financial Solutions 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 Ascent Financial Solutions is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Ascent Financial Solutions Private Limited, buy the company report.
Financials of Ascent Financial Solutions Private Limited
FY 2025 filings availableAscent Financial Solutions Private Limited reported revenue of ₹1.99 Cr (up 58% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 58% growth in the latest year. EBITDA rose 176% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.17 Cr | ||||
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| Net Profit (PAT) | ₹83.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 58.5% | ||||
| Net Profit Margin | 41.8% | ||||
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To see the full financial statements and ratios of Ascent Financial Solutions Private Limited, buy the company report.
Board of directors of Ascent Financial Solutions Private Limited
Ascent Financial Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Hariram Lohana Also directs: Nextgen Curators Private Limited | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
| Parag Sureshbhai Fanse | Director | 25 May 2021 | 5 Years 5 Months | Current |
| Jyoti Prakash Lohana | Director | 15 Jun 2011 | 15 Years 4 Months | Current |
Peer comparison
Ascent Financial Solutions Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Financial Instrument Distributors), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naredi Capital Financial Services Private Limited | ₹2.14 Cr (FY 2025) | 36.0% | Jamshedpur, Jharkhand, India | |||
| Money Multiply Finvest Services Pvt Ltd | ₹2.06 Cr (FY 2025) | 135.0% | Ahmedabad, Gujarat, India | |||
| Ascent Financial Solutions Private Limitedthis company | ₹1.99 Cr (FY 2024) | ₹83.4 Lakh | 41.8% | 58.0% | Vadodara, Gujarat, India | |
| Divadhvik Corporate Services Private Limited | ₹1.99 Cr (FY 2025) | 312.0% | Delhi, India | |||
| Mentor Financial Services Private Limited | ₹1.95 Cr (FY 2025) | -91.0% | New Delhi, Delhi, India | |||
| Findarts Finserv Private Limited | ₹1.93 Cr (FY 2024) | 26.0% | Mohali, Punjab, India |
To see the full peer comparison of Ascent Financial Solutions Private Limited, buy the company report.
Auditor
Ascent Financial Solutions Private Limited is audited by NIRAV SHAH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV SHAH & ASSOCIATES | FY 2020 | 121897W |
Shareholding
The shareholding of Ascent Financial Solutions Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ascent Financial Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ascent Financial Solutions 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 Ascent Financial Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascent Financial Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA6779N1ZY | Gujarat | Active | 29 Aug 2017 |
To see the full GST registrations and return filing status of Ascent Financial Solutions Private Limited, buy the company report.
Recent activity
Ascent Financial Solutions Private Limited has 7 board changes on record since 2011: 5 appointments and 2 cessations. The latest: Hariram Lekhraj Luhana ceased to be Director on 20 May 2025.
Frequently asked questions
Ascent Financial Solutions is an active private limited company based in Vadodara, Gujarat, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 15 June 2011 (15+ years old) and is registered under CIN U67120GJ2011PTC065922.
Ascent Financial Solutions has 3 current directors:
- Prakash Hariram Lohana - Director
- Parag Sureshbhai Fanse - Director
- Jyoti Prakash Lohana - Director
The latest financial statements of Ascent Financial Solutions 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 Financial Solutions is 24AAJCA6779N1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Ascent Financial Solutions is U67120GJ2011PTC065922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Financial Solutions was incorporated on 15 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ascent Financial Solutions by revenue are Naredi Capital Financial Services Private Limited, Money Multiply Finvest Services Pvt Ltd, Divadhvik Corporate Services Private Limited, Mentor Financial Services Private Limited, Findarts Finserv Private Limited, all in the BFSI industry (Financial Instrument Distributors), with the same principal business activity (financial advisory, brokerage and consultancy services).
Hariram Lekhraj Luhana ceased to be Director on 20 May 2025. Neeta Hariram Luhana ceased to be Director on 20 May 2025. Parag Sureshbhai Fanse was appointed as Director on 25 May 2021. Ascent Financial Solutions has 7 board changes on record in total.
Ascent Financial Solutions can be reached through the website ascentsolutions.in. Its registered office is in Vadodara, Gujarat, India.
The registered office of Ascent Financial Solutions is at Office No – 315&316 Notus IT Park Plot D Sarabhai Compaund, Vadodara, Gujarat, India – 390007.
Ascent Financial Solutions operates in the financial services industry, in the financial product distributors segment.
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