About Ascent Meditech Limited
Data last updated:
Ascent Meditech Limited is a public limited company based in Dungri, Gujarat, India. It specialises in medical and laboratory equipment, a part of the broader healthcare sector. Incorporated on 12 June 2012, the company has been in operation for over 14 years.
Registered with ROC Ahmedabad under CIN U33110GJ2012PLC126535.
Capital: an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors including Jayesh Narendra Sheth and Rajiv Ishwarbhai Mistry.
Last AGM: 15 December 2025. Financial statements filed for year ended 31 March 2025. Office: Block/Survey No.1545/1548/1549/1550/1561/ 1562/1563/1564 Dungri 66 Kva Road, Gujarat, India – 396375.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.09 Cr, a decline of 12% compared to the previous year.
The company has a workforce of approximately 1,384 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - Flamingo Health, Ascent Meditech. As per MCA filings, the company has open charges of ₹92.43 Cr and satisfied charges of ₹35.73 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentmeditech.com.
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- Website
- Social Media
- Registered AddressBlock/Survey No.1545/1548/1549/1550/1561/ 1562/1563/1564 Dungri 66 Kva Road, Gujarat, India – 396375
- IndustryHealthcare, Medical & Laboratory Equipment
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Ascent Meditech
Ascent Meditech has one previous CIN (Corporate Identification Number): U33110DN2012PLC000404. The current CIN is U33110GJ2012PLC126535, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33110GJ2012PLC126535 | Current |
| U33110DN2012PLC000404 | Previous |
Associated Brands with Ascent Meditech
Ascent Meditech operates two associated brands: Flamingo Health and Ascent Meditech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers orthopaedic supports, healthcare items, and mobility aids for relief. | flamingohealth.com | |
| Orthopedic soft goods, bandages, and mobility aids are developed. | ascentmeditech.com |
Competitors & Alternatives of Ascent Meditech
Brands and companies operating in the same space as Ascent Meditech Limited include Globus Medical, ExacTech, Implanet and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Globus Medical | Developer of minimally invasive products for musculoskeletal procedures | Audubon, United States, United States | 2003 |
 ExacTech | Implants, instruments, and technologies for joint replacement are developed. | Florida, Puerto Rico, United States | 1985 |
 Implanet | Orthopedic implants are developed for spine, knee, and arthroscopy procedures. | Martillac, France, France | 2007 |
 Medacta International | Orthopedic implants and surgical instruments are manufactured for joint surgeries. | Lane Cove, Australia, Australia | 1999 |
 Nureca | Health and wellness devices are manufactured by Nureca in India. | Chandigarh, India, India | 2016 |
 DJO Global | Orthopedic devices and pain management products are developed. | Carlsbad, United States, United States | 1978 |
 OMNILife Sciences | Hip and knee orthopedic implants are engineered, manufactured, and distributed. | Taunton, United States, United States | 1999 |
 Renovis Surgical | Orthopedic implants are provided to surgeons and hospitals. | Redlands, United States, United States | 2009 |
 Lifegaurd | An online platform for healthcare products is provided by Lifegaurd. | Chandigarh, India, India | 2010 |
 Inion | Biodegradable implants are manufactured for orthopaedic and dental applications. | Tampere, Finland, Finland | 1999 |
Business Activity of Ascent Meditech
The main business activity of Ascent Meditech is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details for Ascent Meditech Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Ascent Meditech
Ascent Meditech Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history for Ascent Meditech Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Ascent Meditech Limited
Ascent Meditech Limited currently reports 7 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Narendra Sheth Also directs: Modulex Construction Technologies Limited, Advenza Global Limited, Modulex Modular Buildings Private Limited and 1 more | Director | 28 Mar 2025 | 1 Years 6 Months | Current |
| Rajiv Ishwarbhai Mistry Also directs: Badshah Masala Private Limited, Flint Management Consultants LLP, Doms Industries Limited and 1 more | Managing Director | 12 Jun 2012 | 14 Years 3 Months | Current |
| Felix Andy Awili Olale | Nominee Director | 18 Mar 2021 | 5 Years 6 Months | Current |
| Shyam S Krishnan | Cfo | 08 Sep 2021 | 5 Years 0 Months | Current |
| Ajaykumar Gunvantrai Shah | Director | 12 Jun 2012 | 14 Years 3 Months | Current |
| Snehal Arvind Patel | Director | 22 Aug 2025 | 1 Years 1 Months | Current |
Financials of Ascent Meditech Limited FY 2025 filings available
Ascent Meditech Limited reported revenue of ₹183.09 Cr (down 12.00% YoY) for FY 2025.
Ten-year financial statements for Ascent Meditech Limited
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ascent Meditech
Shareholding and ownership data for Ascent Meditech Limited
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Ascent Meditech Limited
Ascent Meditech has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ascent Sigmax Sportsmeds Private Limited | U33100MH2020PTC337993 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Ascent Meditech
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2022 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open |
| 06 May 2021 | Hdfc Bank Limited | ₹34.25 Cr | Open |
| 03 Oct 2019 | Axis Bank Limited | ₹47.58 Cr | Open |
| 21 Feb 2019 | Others | ₹60 Lakh | Open |
| 28 Oct 2017 | Others | ₹8 Lakh | Satisfied |
Total charge records: 10 View all charges
Employees and EPFO Compliance at Ascent Meditech
Ascent Meditech Limited has a workforce of 1,384 employees as of Apr 04, 2024.
Employee and EPFO history for Ascent Meditech Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Ascent Meditech
GST registrations and filing compliance for Ascent Meditech Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Ascent Meditech
Credit ratings, litigation, and regulatory alerts for Ascent Meditech Limited
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ascent Meditech
MSME payment history for Ascent Meditech Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ascent Meditech
Corporate group structure for Ascent Meditech Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ascent Meditech
MCA filings and documents for Ascent Meditech Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Ascent Meditech
Recent News on Ascent Meditech
Frequently Asked Questions about Ascent Meditech Limited
Ascent Meditech is an active public limited company in the healthcare sector based in Dungri, Gujarat, India. It was incorporated on 12 June 2012 (14+ years old) and is registered under CIN U33110GJ2012PLC126535. The company has 1,384 employees.
Ascent Meditech reported revenue of ₹183.09 Cr for FY 2025 (down 12.00% YoY).
The current directors and KMP of Ascent Meditech are:
- Jayesh Narendra Sheth - Director
- Rajiv Ishwarbhai Mistry - Managing Director
- Felix Andy Awili Olale - Nominee Director
- Shyam S Krishnan - Cfo
- Ajaykumar Gunvantrai Shah - Director
- Snehal Arvind Patel - Director
- Swati Mehta - Nominee Director
- Michael Thomas Scholl Jelinske - Nominee Director
The primary industry of Ascent Meditech is healthcare. The company specifically operates in medical and laboratory equipment. The company is currently active in this sector.
Ascent Meditech can be reached at the registered office: BlockSurvey No.15451548154915501561 156215631564 Dungri 66 Kva Road, Gujarat, India – 396375, or through the website ascentmeditech.com.
The authorised capital is ₹3 Cr, and the paid-up capital is ₹1.2 Cr.