About Ascent Media Solutions Private Limited
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Ascent Media Solutions Private Limited is a private limited company based in Chandigarh, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 31 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74300CH2005PTC028177. Its GSTIN is 04AAFCA1576P2ZE (Chandigarh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Maya Mani and Pee Ayyappan Achary.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at H.No. 2570 Sector 22 – C, Chandigarh, India – 160022.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.08 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹9.11 Lakh (net margin 2.2%) and EBITDA of ₹44.73 Lakh (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹46 Lakh on record. Court records list 16 cases involving the company, including 2 filed by the company and 14 filed against it; 6 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentmediaindia.com.
Company details
Contact details
Ascent Media Solutions Private Limited's registered office is in Chandigarh, Chandigarh. Its website is ascentmediaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.No. 2570 Sector 22 – C, Chandigarh, India – 160022
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Ascent Media 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 Media Solutions is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Ascent Media Solutions Private Limited, buy the company report.
Financials of Ascent Media Solutions Private Limited
FY 2019 filings availableAscent Media Solutions Private Limited reported revenue of ₹4.08 Cr (down 15% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 15% fall in the latest year. EBITDA rose 5% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹44.73 Lakh | ||||
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| Net Profit (PAT) | ₹9.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | 11% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of Ascent Media Solutions Private Limited, buy the company report.
Board of directors of Ascent Media Solutions Private Limited
Ascent Media Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maya Mani | Director | 31 Mar 2005 | 21 Years 6 Months | Current |
| Pee Ayyappan Achary | Director | 31 Mar 2005 | 21 Years 6 Months | Current |
Auditor
Ascent Media Solutions Private Limited is audited by ANIL K VERMA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL K VERMA & ASSOCIATES | FY 2018 | 019748N |
Shareholding
The shareholding of Ascent Media Solutions Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ascent Media Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2014 | 10529877 | Canara Bank | ₹20 Lakh | Open | |
| 10 Sep 2010 | 10242261 | Canara Bank | ₹2.3 Cr | Open | |
| 12 Nov 2009 | 10187975 | The Federal Bank Limited | ₹18 Lakh | Satisfied | |
| 17 Dec 2008 | 10133828 | The Federal Bank Limited | ₹15 Lakh | Satisfied | |
| 29 Mar 2008 | 10108033 | The Federal Bank Limited | ₹13 Lakh | Satisfied |
To see the full charge records of Ascent Media Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Ascent Media Solutions Private Limited has 16 court cases on record: 2 filed by Ascent Media Solutions, 14 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 13 | 6 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Civil miscellaneous application | Filed against the company by Ms Hari Bhoomi Communications Pvt Ltd | Pending |
| District court, East, Delhi | Criminal case | Filed against the company by Sharad Advertising Pvt. Ltd. | Pending |
| District court, Chandigarh | Execution petition | Filed against the company by Hari Bhoomi Communications Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Hari Bhoomi Communications Pvt Ltd | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by The Indian Express Private Limited | Disposed |
To see the full case history of Ascent Media Solutions 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 Media Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascent Media Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAFCA1576P2ZE | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascent Media Solutions Private Limited, buy the company report.
Recent activity
Ascent Media Solutions Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Maya Mani was appointed as Director on 31 Mar 2005.
2 earlier events are in the company report.
Frequently asked questions
Ascent Media Solutions is an active private limited company based in Chandigarh, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 31 March 2005 (21+ years old) and is registered under CIN U74300CH2005PTC028177.
Ascent Media Solutions has 2 current directors:
- Maya Mani - Director
- Pee Ayyappan Achary - Director
The latest financial statements of Ascent Media Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascent Media Solutions is 04AAFCA1576P2ZE, registered in Chandigarh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ascent Media Solutions is U74300CH2005PTC028177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Media Solutions has 16 court cases on record: 2 filed by the company and 14 filed against it. 6 are pending. Most are in the district courts.
Ascent Media Solutions was incorporated on 31 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chandigarh.
Maya Mani was appointed as Director on 31 Mar 2005. Pee Ayyappan Achary was appointed as Director on 31 Mar 2005.
Ascent Media Solutions can be reached through the website ascentmediaindia.com. Its registered office is in Chandigarh, India.
The registered office of Ascent Media Solutions is at H.No. 2570 Sector 22 – C, Chandigarh, India – 160022.
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