MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0018676
Ascent Networks Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹30.72 Cr
▼ 26% YoY
Net loss · FY 2025
₹20.08 Lakh
Net margin -0.7%
EBITDA · FY 2025
₹2.24 Cr
EBITDA margin 7.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹26.09 Cr
Satisfied ₹9 Lakh
Company age
34 yrs
Est. 1992
Employees · EPFO
60
Provident fund records
About Ascent Networks Private Limited
Data last updated:
Ascent Networks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 29 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U43214MH1992PTC067462. Its GSTIN is 27AAACB0666L1ZM (Maharashtra). The company holds 3 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 was formerly known as Bubna Electronics Private Limited. It is led by directors Rheetu Ajaykumar Bubna and Ajaykumar Bishwambhardayal Bubna.
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 A – 104 Plot No 2 Synthofine Estate 'A' Dindoshi Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.72 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹20.08 Lakh (net margin -0.7%) and EBITDA of ₹2.24 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 34% over five years.
The company has about 60 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.09 Cr and satisfied charges of ₹9 Lakh on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
Ascent Networks Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0018676). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentnetworks.net.
Company details
CIN U43214MH1992PTC067462
Registration Number 067462
Incorporation Date 29 June 1992
ROC Mumbai
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-MH-18-0018676
CIN history
Ascent Networks has one previous CIN (Corporate Identification Number): U32109MH1992PTC067462. The current CIN is U43214MH1992PTC067462, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U43214MH1992PTC067462 | Current |
| U32109MH1992PTC067462 | Previous |
Recognitions & Rankings of Ascent Networks
Contact details
Ascent Networks Private Limited's registered office is in Mumbai, Maharashtra. Its website is ascentnetworks.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 104 Plot No 2 Synthofine Estate 'A' Dindoshi Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Ascent Networks Private Limited, buy the company report.
Comprehensive company report
Ascent Networks 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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Business activity
The main business activity of Ascent Networks is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ascent Networks Private Limited, buy the company report.
Financials of Ascent Networks Private Limited
FY 2025 filings availableAscent Networks Private Limited reported revenue of ₹30.72 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹30.72 Cr ▼ 26%
Net loss · FY 2025
₹20.08 Lakh margin -0.7%
EBITDA · FY 2025
₹2.24 Cr margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▼ 38%
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 34%. EBITDA fell 38% 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 | ₹2.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.08 Lakh | ||||
| Balance Sheet | |||||
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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 | 7.3% | ||||
| Net Profit Margin | -0.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ascent Networks Private Limited, buy the company report.
Board of directors of Ascent Networks Private Limited
Ascent Networks has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rheetu Ajaykumar Bubna | Director | 01 Aug 2008 | 18 Years 2 Months | Current |
| Ajaykumar Bishwambhardayal Bubna | Director | 29 Jun 1992 | 34 Years 3 Months | Current |
Auditor
Ascent Networks Private Limited is audited by BANKA AND BANKA for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANKA AND BANKA | FY 2024 | 100979W |
Shareholding
The shareholding of Ascent Networks Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascent Networks Private Limited, buy the company report.
Charges & borrowings
Open charges
₹26.09 Cr
Satisfied charges
₹9 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2024 | 100993343 | Bank of India | ₹9.5 Lakh | Open | |
| 11 Oct 2023 | 100793282 | Bank of India | ₹4.25 Cr | Open | |
| 14 Feb 2022 | 100542471 | Bank of India | ₹24 Lakh | Open | |
| 07 Sep 2006 | 10019350 | Bank of India | ₹21.5 Cr | Open | |
| 11 Jul 2000 | 90186772 | State Bank of Bikaner and Jaipur | ₹9 Lakh | Satisfied |
To see the full charge records of Ascent Networks Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Ascent Networks Private Limited has 4 court cases on record: 4 filed by Ascent Networks. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against M/S Shakti Vital Links Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Sunny Mathew the Proprietor and Management Representative of M/S. Mas Constructions | Pending |
| High Court | Writ petition | Filed by the company against Airport Authority of India and Ors. | Disposed |
To see the full case history of Ascent Networks 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
Ascent Networks Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 135 overdue payments to 28 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Artee Flow Controls Private Limited | |||
| an individual supplier | |||
| Chemtron Science Laboratories Private Limited |
To see the full MSME payment records of Ascent Networks Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ascent Networks Private Limited has a workforce of 60 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
60
Active EPFO establishments
1
Employee growth
17.65%
GST
Ascent Networks has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB0666L1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascent Networks Private Limited, buy the company report.
Recent activity
Ascent Networks Private Limited has 4 board changes on record since 1992: 2 appointments and 2 cessations. The latest: Bishwambhardayal Basudeo Bubna ceased to be Director on 07 May 2015.
AGM
Ascent Networks Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ascent Networks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Bank Of India amounted to Rs. 9.50 Lakh with Charge ID 100993343 was registered on 14 Oct 2024.
Charges
A charge with Bank Of India of Rs. 2,150.00 Lakh registered on 07 Sep 2006 with Charge ID 10019350 was modified on 04 Jan 2024.
Charges
A charge with Bank Of India amounted to Rs. 425.00 Lakh with Charge ID 100793282 was registered on 11 Oct 2023.
Charges
A charge with Bank Of India amounted to Rs. 24.00 Lakh with Charge ID 100542471 was registered on 14 Feb 2022.
Ceased
Bishwambhardayal Basudeo Bubna ceased to be Director.
Ceased
Sushmeetha Bishwambhardayal Bubna ceased to be Director.
Appointed
Rheetu Ajaykumar Bubna was appointed as Director.
Charges
A charge registered on 11 Jul 2000 via Charge ID 90186772 with State Bank Of Bikaner And Jaipur was fully satisfied on 08 Jan 2008.
Charges
A charge with Bank Of India amounted to Rs. 2,150.00 Lakh with Charge ID 10019350 was registered on 07 Sep 2006.
Charges
A charge with State Bank Of Bikaner And Jaipur amounted to Rs. 9.00 Lakh with Charge ID 90186772 was registered on 11 Jul 2000.
2 earlier events are in the company report.
Frequently asked questions
Ascent Networks is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 29 June 1992 (34+ years old) and is registered under CIN U43214MH1992PTC067462.
Ascent Networks has 2 current directors:
- Rheetu Ajaykumar Bubna - Director
- Ajaykumar Bishwambhardayal Bubna - Director
The latest financial statements of Ascent Networks 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 Networks is 27AAACB0666L1ZM, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ascent Networks is U43214MH1992PTC067462. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Networks has 4 court cases on record: 4 filed by the company. 2 are pending. Most are in the district courts.
Ascent Networks was incorporated on 29 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Bishwambhardayal Basudeo Bubna ceased to be Director on 07 May 2015. Sushmeetha Bishwambhardayal Bubna ceased to be Director on 07 May 2015. Rheetu Ajaykumar Bubna was appointed as Director on 01 Aug 2008. Ascent Networks has 4 board changes on record in total.
Yes, Ascent Networks is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0018676).
Ascent Networks has 10 MSME Form 1 returns on record between 2019 and 2024, listing 135 overdue payments to 28 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Ascent Networks can be reached through the website ascentnetworks.net. Its registered office is in Mumbai, Maharashtra, India.