MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0027871
Ascent Finechem Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹95.45 Cr
▼ 2% YoY
Net profit · FY 2024
₹22.93 Cr
Net margin 24%
EBITDA · FY 2024
₹31.94 Cr
EBITDA margin 33.5%
Authorised capital
₹96 Lakh
Registered with MCA
Paid-up capital
₹42.2 Lakh
Issued & subscribed
Open charges
₹15 Cr
Secured borrowings
Company age
33 yrs
Est. 1993
Employees · EPFO
31
Provident fund records
About Ascent Finechem Private Limited
Data last updated:
Ascent Finechem Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 16 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1993PTC019297. Its GSTIN is 24AABCA6349Q1ZA (Gujarat).
The company has an authorised share capital of ₹96 Lakh and a paid-up capital of ₹42.2 Lakh. It was formerly known as Anil Dyestuff Private Limited. It is led by directors Anilkumar Mithalal Jain (Managing Director) and Yashvardhan Jain.
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 Jayantilal Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹95.45 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹22.93 Cr (net margin 24%) and EBITDA of ₹31.94 Cr (EBITDA margin 33.5%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 7% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ascent Finechem. As per MCA filings, the company has open charges of ₹15 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 1 case is pending. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹29.7 Lakh; the latest was in March 2024. Its 9 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Hindusthan Miswaco Limited with revenue of ₹97.21 Cr.
Ascent Finechem Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0027871). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentfinechem.com.
Company details
CIN U24231GJ1993PTC019297
Registration Number 019297
Incorporation Date 16 April 1993
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-01-0027871
Recognitions & Rankings of Ascent Finechem
Contact details
Ascent Finechem Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ascentfinechem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address506 5th Floor One 42 (South Tower) B/H Ashok Vatika, Nr. Jayantilal Park Brts Ambli – Bopal Road, Ahmedabad, Gujarat, India – 380054
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Ascent Finechem Private Limited, buy the company report.
Comprehensive company report
Ascent Finechem 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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Brands
Ascent Finechem operates one associated brand: Ascent Finechem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| CDMO focused on manufacturing of APIs | ascentfinechem.com |
Business activity
The main business activity of Ascent Finechem is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Ascent Finechem Private Limited, buy the company report.
Financials of Ascent Finechem Private Limited
FY 2025 filings availableAscent Finechem Private Limited reported revenue of ₹95.45 Cr (down 2% YoY) for FY 2024.
Revenue · FY 2024
₹95.45 Cr ▼ 2%
Net profit · FY 2024
₹22.93 Cr margin 24%
EBITDA · FY 2024
₹31.94 Cr margin 33.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 3%
5 years · compounded
▲ 7%
EBITDA CAGR growth
3 years · compounded
▲ 4%
5 years · compounded
▲ 18%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. 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 |
|---|---|---|---|---|---|
| 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 | ₹31.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.93 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.5% | ||||
| Net Profit Margin | 24% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ascent Finechem Private Limited, buy the company report.
Board of directors of Ascent Finechem Private Limited
Ascent Finechem 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 |
|---|---|---|---|---|
| Yashvardhan Jain | Director | 16 Oct 2021 | 5 Years 0 Months | Current |
| Anilkumar Mithalal Jain Also directs: Precision Footcare Limited Liability Partnership, Jarya Enterprise LLP, Asahi Songwon Colors Limited and 4 more | Managing Director | 21 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Ascent Finechem Private Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hindusthan Miswaco Limited | ₹97.21 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Amal Speciality Chemicals Limited | ₹96.17 Cr (FY 2025) | 66.0% | Atul, Gujarat, India | |||
| H J Arochem Private Limited | ₹95.87 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Vasudha Specialities Private Limited | ₹95.72 Cr (FY 2024) | 5.0% | Panvel, Maharashtra, India | |||
| Ascent Finechem Private Limitedthis company | ₹95.45 Cr (FY 2024) | ₹22.93 Cr | 24% | -2.0% | 31 | Ahmedabad, Gujarat, India |
| Maxwin Chemtech Private Limited | ₹95.15 Cr (FY 2025) | 197.0% | New Delhi, Delhi, India | |||
| Polson Ltd | ₹95.14 Cr (FY 2025) | -3.0% | Kolhapur, Maharashtra, India | |||
| Vikas Organics Private Limited | ₹94.82 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Ava Chemicals Private Limited | ₹94.73 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Sunflag Chemicals Private Limited | ₹94.3 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ascent Finechem Private Limited, buy the company report.
Auditor
Ascent Finechem Private Limited is audited by PARAS F. JAIN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARAS F. JAIN & CO. | FY 2023 | 107415W |
Shareholding
The shareholding of Ascent Finechem 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascent Finechem Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2012 | 10349719 | Kotak Mahindra Bank Limited | ₹7.5 Cr | Open | |
| 28 Feb 2012 | 10349276 | Kotak Mahindra Bank Limited | ₹7.5 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Ascent Finechem Private Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹29.7 Lakh; the latest was in March 2024.
Total deals
9
Secondary share transfers
6
Funding rounds
3
Disclosed funding
₹29.7 Lakh
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2014 | Funding round | ₹9.7 Lakh | Investors: an individual |
To see the full deal history of Ascent Finechem Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ascent Finechem Private Limited has 5 court cases on record: 5 filed by Ascent Finechem. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
5
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Elder Pharmaceuticals Ltd and 2 others | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against The State of Gujarat | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Vedant Agro Industries | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Vedant Agro Industries | Disposed |
To see the full case history of Ascent Finechem 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
No delayed payments to MSME suppliers are on our record for Ascent Finechem Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascent Finechem Private Limited has a workforce of 31 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
-6.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 31 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ascent Finechem Private Limited, buy the company report.
GST
Ascent Finechem has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA6349Q1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascent Finechem Private Limited, buy the company report.
Recent activity
Ascent Finechem Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Yashvardhan Jain was appointed as Director on 16 Oct 2021.
AGM
Ascent Finechem Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ascent Finechem Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Yashvardhan Jain was appointed as Director.
Ceased
Anilkumar Mithalal Jain ceased to be Additional Director.
Ceased
Lalit Jain ceased to be Director.
Appointed
Anilkumar Mithalal Jain was appointed as Managing Director.
Ceased
Hanumanchand Champalal Jain ceased to be Additional Director.
Ceased
Prathivraj Bachraj ceased to be Director.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 750.00 Lakh with Charge ID 10349719 was registered on 03 Mar 2012.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 750.00 Lakh with Charge ID 10349276 was registered on 28 Feb 2012.
Incorporation
16 Apr 1993
Ascent Finechem Private Limited was registered on 16 Apr 1993 with Roc Ahmedabad & aged 33 years 6 months as per MCA records.
Frequently asked questions
Ascent Finechem is an active private limited company based in Ahmedabad, Gujarat, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 16 April 1993 (33+ years old) and is registered under CIN U24231GJ1993PTC019297.
Ascent Finechem has 2 current directors:
- Anilkumar Mithalal Jain - Managing Director
- Yashvardhan Jain - Director
The latest financial statements of Ascent Finechem 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 Finechem is 24AABCA6349Q1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Ascent Finechem is U24231GJ1993PTC019297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Finechem has 5 court cases on record: 5 filed by the company. 1 is pending. Most are in the district courts.
Ascent Finechem was incorporated on 16 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ascent Finechem has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹29.7 Lakh; the latest was in March 2024.
The peers of Ascent Finechem by revenue are Hindusthan Miswaco Limited, Amal Speciality Chemicals Limited, H J Arochem Private Limited, Vasudha Specialities Private Limited, Maxwin Chemtech Private Limited and 4 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Yashvardhan Jain was appointed as Director on 16 Oct 2021. Anilkumar Mithalal Jain ceased to be Additional Director on 12 Feb 2016. Lalit Jain ceased to be Director on 12 Feb 2016. Ascent Finechem has 6 board changes on record in total.
Yes, Ascent Finechem is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0027871).
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