MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0031957
Ascent HR Technologies Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹250.18 Cr
▲ 12% YoY
Net profit · FY 2025
₹6.7 Cr
Net margin 2.7%
EBITDA · FY 2025
₹13.97 Cr
EBITDA margin 5.6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.88 Cr
Issued & subscribed
Open charges
₹9.41 Cr
Satisfied ₹24.31 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
658
Provident fund records
About Ascent HR Technologies Private Limited
Data last updated:
Ascent HR Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 13 August 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2002PTC030886. Its GSTIN is 29AAECA0163D1Z4 (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.88 Cr. It is led by directors including Subramanyam Sreenivasaiah (Managing Director) and Geeta Lachireddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹250.18 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹6.7 Cr (net margin 2.7%) and EBITDA of ₹13.97 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 11% over five years.
The company has about 658 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: AscentHR. As per MCA filings, the company has open charges of ₹9.41 Cr and satisfied charges of ₹24.31 Cr on record. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2.86 Cr; the latest was in January 2011. Its 5 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 4 larger and 1 smaller; the largest is 2Coms Consulting Private Limited with revenue of ₹257.23 Cr.
Ascent HR Technologies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0031957). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascent-hr.com.
Company details
CIN U74140KA2002PTC030886
Registration Number 030886
Incorporation Date 13 August 2002
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0031957
Key People
Subramanyam Sreenivasaiah Managing Director Geeta Lachireddy Whole-Time Director Keshav Chander Whole-Time Director Recognitions & Rankings of Ascent HR Technologies
Contact details
Ascent HR Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is ascent-hr.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMaruthi Chambers Main Building 3rd Floor Survey No.17/4C 9C Roopena Agrahara Hosu, R Road, Bangalore, Karnataka, India – 560068
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Ascent HR Technologies Private Limited, buy the company report.
Comprehensive company report
Ascent HR Technologies 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 HR Technologies operates one associated brand: AscentHR. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Comprehensive HR technologies and outsourced payroll services are provided. | ascent-hr.com |
Business activity
The main business activity of Ascent HR Technologies is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Ascent HR Technologies Private Limited, buy the company report.
Financials of Ascent HR Technologies Private Limited
FY 2024 filings availableAscent HR Technologies Private Limited reported revenue of ₹250.18 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹250.18 Cr ▲ 12%
Net profit · FY 2025
₹6.7 Cr margin 2.7%
EBITDA · FY 2025
₹13.97 Cr margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 13%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 6%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 12% growth in the latest year. EBITDA fell 2% 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 | ₹13.97 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹6.7 Cr | ||||
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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 | 5.6% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ascent HR Technologies Private Limited, buy the company report.
Board of directors of Ascent HR Technologies Private Limited
Ascent HR Technologies has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanyam Sreenivasaiah | Managing Director | 13 Aug 2002 | 24 Years 2 Months | Current |
| Geeta Lachireddy | Whole-Time Director | 13 Aug 2002 | 24 Years 2 Months | Current |
| Keshav Chander Also directs: Ascent Staffing Solutions Private Limited | Whole-Time Director | 01 Apr 2008 | 18 Years 6 Months | Current |
Peer comparison
Ascent HR Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 2Coms Consulting Private Limited | ₹257.23 Cr (FY 2025) | 35.0% | Kolkata, West Bengal, India | |||
| Pyramid IT Consulting Private Limited | ₹255.69 Cr (FY 2020) | 16.0% | New Delhi, Delhi, India | |||
| Lotus Manpower Consultants Services Private Limited | ₹255.66 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Paytm Services Private Limited | ₹253.4 Cr (FY 2025) | 63.0% | New Delhi, Delhi, India | |||
| Ascent HR Technologies Private Limitedthis company | ₹250.18 Cr (FY 2025) | ₹6.7 Cr | 2.7% | 12.0% | 658 | Bangalore, Karnataka, India |
| Intelligent Communication Systems India Limited | ₹248.05 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ascent HR Technologies Private Limited, buy the company report.
Auditor
Ascent HR Technologies Private Limited is audited by Prakash & Rajaguru LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Prakash & Rajaguru LLP | FY 2023 | 012187S |
Shareholding
The shareholding of Ascent HR Technologies 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 HR Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.41 Cr
Satisfied charges
₹24.31 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101195549 | Others | ₹1.09 Cr | Open | |
| 25 Jul 2025 | 101143442 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 03 Nov 2022 | 100647406 | Hdfc Bank Limited | ₹34.89 Lakh | Open | |
| 21 Jul 2022 | 100598509 | Hdfc Bank Limited | ₹38.77 Lakh | Open | |
| 19 Apr 2022 | 100576099 | Hdfc Bank Limited | ₹36.15 Lakh | Open |
To see the full charge records of Ascent HR Technologies Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Ascent HR Technologies Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2.86 Cr; the latest was in January 2011.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹2.86 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Mukunda E-Services Private Limited , Elite Professional Services Private Limited , Elegant Enterprises |
| Oct 2010 | Funding round | ₹69.6 Lakh | Investors: Elegant Enterprises, Elite Professional Services Private Limited |
| Oct 2010 | Funding round | ₹8.3 Lakh | Investors: Mukunda E-Services Private Limited |
| Feb 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Mukunda E-Services Private Limited |
| Nov 2007 | Funding round | ₹2.08 Cr | Investors: Mukunda E-Services Private Limited , 3 individuals |
To see the full deal history of Ascent HR Technologies 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
No court or tribunal cases involving Ascent HR Technologies 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 HR Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ascent HR Technologies has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Jofin Technologies Private Limited | U72900KA2022PTC158830 | |
| Curio Business Services Private Limited | U72900KA2022PTC165397 | |
| Lexcare Global Consultants Private Limited | U74120PN2015PTC154977 | |
| Ascent Staffing Solutions Private Limited | U74910KA2008PTC046624 |
To see the full group structure of Ascent HR Technologies Private Limited, buy the company report.
Employees & EPFO
Ascent HR Technologies Private Limited has a workforce of 658 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
658
Active EPFO establishments
1
Employee growth
10.59%
GST
Ascent HR Technologies has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
6
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECA0163D1Z4 | Karnataka | Active | 01 Jul 2017 |
| 27AAECA0163D1Z8 | Maharashtra | Active | 14 Oct 2017 |
| 36AAECA0163D2Z8 | Telangana | Active | 21 Feb 2020 |
| 33AAECA0163D1ZF | Tamil Nadu | Active | 30 Dec 2020 |
To see the full GST registrations and return filing status of Ascent HR Technologies Private Limited, buy the company report.
Recent activity
Ascent HR Technologies Private Limited has 9 board changes on record since 2002: 3 appointments and 6 cessations. The latest: Ramesh Jude Thomas ceased to be Additional Director on 30 Sep 2022.
Charges
A charge with Others amounted to Rs. 1.09 Cr with Charge ID 101195549 was registered on 30 Oct 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 7.02 Cr registered on 18 Nov 2014 with Charge ID 10546790 was modified on 19 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101143442 was registered on 25 Jul 2025.
Charges
A charge registered on 30 Mar 2017 via Charge ID 100121197 with Hdfc Bank Limited was fully satisfied on 20 Mar 2025.
Charges
A charge registered on 28 Feb 2017 via Charge ID 100120121 with Hdfc Bank Limited was fully satisfied on 20 Mar 2025.
AGM
Ascent Hr Technologies Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Ascent Hr Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 100647406 was registered on 03 Nov 2022.
Ceased
Ramesh Jude Thomas ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.39 Cr with Charge ID 100598509 was registered on 21 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 100576099 was registered on 19 Apr 2022.
Charges
A charge registered on 20 Apr 2019 via Charge ID 100261013 with Hdfc Bank Limited was fully satisfied on 18 Mar 2021.
22 earlier events are in the company report.
News
Frequently asked questions
Ascent HR Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 13 August 2002 (24+ years old) and is registered under CIN U74140KA2002PTC030886.
Ascent HR Technologies has 3 current directors:
- Subramanyam Sreenivasaiah - Managing Director
- Geeta Lachireddy - Whole-Time Director
- Keshav Chander - Whole-Time Director
The latest financial statements of Ascent HR Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascent HR Technologies is 29AAECA0163D1Z4, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAECA0163D1Z8 (Maharashtra), 36AAECA0163D2Z8 (Telangana), 33AAECA0163D1ZF (Tamil Nadu).
The CIN (Corporate Identification Number) of Ascent HR Technologies is U74140KA2002PTC030886. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent HR Technologies was incorporated on 13 August 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Ascent HR Technologies has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2.86 Cr; the latest was in January 2011.
The peers of Ascent HR Technologies by revenue are 2Coms Consulting Private Limited, Pyramid IT Consulting Private Limited, Lotus Manpower Consultants Services Private Limited, Paytm Services Private Limited, Intelligent Communication Systems India Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Ramesh Jude Thomas ceased to be Additional Director on 30 Sep 2022. Surendra Arava ceased to be Whole-Time Director on 19 Jun 2020. Geeta Lachireddy ceased to be Director on 01 Apr 2019. Ascent HR Technologies has 9 board changes on record in total.
Yes, Ascent HR Technologies is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0031957).
Ascent HR Technologies can be reached through the website ascent-hr.com. Its registered office is in Bangalore, Karnataka, India.
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