MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-04-0046436
Ascent Ore India Private Limited - metals and minerals in Belgaum, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹45.18 Cr
▲ 1060% YoY
Net profit · FY 2024
₹38.2 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹42.3 Lakh
EBITDA margin 0.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹45 Lakh
Satisfied ₹45 Lakh
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Ascent Ore India Private Limited
Data last updated:
Ascent Ore India Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 02 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U14299KA2021PTC151304. Its GSTIN is 29AAVCA7204J1Z6 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Imran Shaikh and Pattar Dehilij Shoukath Ali.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Cts No.435 2nd Floor Near Shani Mandir Patil Galli, Belgaum, Karnataka, India – 590001.
As per the financials filed for FY 2024, the company reported a revenue of ₹45.18 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹38.2 Lakh (net margin 0.8%) and EBITDA of ₹42.3 Lakh (EBITDA margin 0.9%).
As per MCA filings, the company has open charges of ₹45 Lakh and satisfied charges of ₹45 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Ascent Ore India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-04-0046436). For more details, the company can be reached via its website ascentore.com.
Company details
CIN U14299KA2021PTC151304
Registration Number 151304
Incorporation Date 02 September 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification MSME
Udyam Registration UDYAM-KR-04-0046436
Recognitions & Rankings of Ascent Ore India
Contact details
Ascent Ore India Private Limited's registered office is in Belgaum, Karnataka. Its website is ascentore.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCts No.435 2nd Floor Near Shani Mandir Patil Galli, Belgaum, Karnataka, India – 590001
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Ascent Ore India Private Limited, buy the company report.
Comprehensive company report
Ascent Ore India 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 Ore India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ascent Ore India Private Limited, buy the company report.
Financials of Ascent Ore India Private Limited
FY 2024 filings availableAscent Ore India Private Limited reported revenue of ₹45.18 Cr (up 1060% YoY) for FY 2024.
Revenue · FY 2024
₹45.18 Cr ▲ 1060%
Net profit · FY 2024
₹38.2 Lakh margin 0.8%
EBITDA · FY 2024
₹42.3 Lakh margin 0.9%
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹42.3 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹38.2 Lakh | ||
| 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.9% | ||
| Net Profit Margin | 0.8% | ||
| 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 Ore India Private Limited, buy the company report.
Board of directors of Ascent Ore India Private Limited
Ascent Ore India 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 |
|---|---|---|---|---|
| Imran Shaikh | Director | 02 Sep 2021 | 5 Years 2 Months | Current |
| Pattar Dehilij Shoukath Ali Also directs: Inaaya Care and Educational Foundation | Additional Director | 01 Oct 2024 | 2 Years 1 Months | Current |
Peer comparison
Ascent Ore India Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Silverwater Metals and Minerals Private Limited | ₹45.72 Cr (FY 2024) | -41.0% | Nagpur, Maharashtra, India | |||
| Suryalco Impex Private Limited | ₹45.6 Cr (FY 2024) | 1512.0% | Ahmedabad, Gujarat, India | |||
| Helios Infra Ventures Private Limited | ₹45.44 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India | |||
| Ascent Ore India Private Limitedthis company | ₹45.18 Cr (FY 2024) | ₹38.2 Lakh | 0.8% | 1060.0% | Belgaum, Karnataka, India | |
| Shri Veerganapathi Steels Private Limited | ₹45.04 Cr (FY 2017) | -80.0% | Chennai, Tamil Nadu, India | |||
| M & M Minerals and Resources Private Limited | ₹44.98 Cr (FY 2025) | -23.0% | Chandauli, Uttar Pradesh, India | |||
| Blue Edge Trade Venture Private Limited | ₹44.48 Cr (FY 2025) | -53.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Ascent Ore India Private Limited, buy the company report.
Auditor
Ascent Ore India Private Limited is audited by Shivanand M. Padennavar & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shivanand M. Padennavar & Co | FY 2023 | 215934 |
Shareholding
The shareholding of Ascent Ore India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ascent Ore India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45 Lakh
Satisfied charges
₹45 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2022 | 100656247 | Canara Bank | ₹45 Lakh | Satisfied |
To see the full charge records of Ascent Ore India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ascent Ore India Private Limited has 1 court case on record: 1 filed by Ascent Ore India. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Court case (SCS) | Filed by the company against an individual | Pending |
To see the full case history of Ascent Ore India 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 Ore India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascent Ore India Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
Ascent Ore India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAVCA7204J1Z6 | Karnataka | Active | 21 Oct 2021 |
| 30AAVCA7204J1ZN | Goa | Active | 02 Aug 2022 |
To see the full GST registrations and return filing status of Ascent Ore India Private Limited, buy the company report.
Recent activity
Ascent Ore India Private Limited has 10 board changes on record since 2021: 6 appointments and 4 cessations. The latest: Bhaskar Ramgonda Patil ceased to be Additional Director on 01 Oct 2024.
Charges
A charge registered on 21 Dec 2022 via Charge ID 100656247 with Canara Bank was fully satisfied on 16 Nov 2024.
Ceased
Bhaskar Ramgonda Patil ceased to be Additional Director.
Ceased
Jyoti Domingos Fernandes ceased to be Additional Director.
Appointed
Pattar Dehilij Shoukath Ali was appointed as Additional Director.
AGM
Ascent Ore India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Rajan Vasudev Shet Parkar ceased to be Additional Director.
Filing
Ascent Ore India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Bhaskar Ramgonda Patil was appointed as Additional Director.
Charges
A charge with Canara Bank amounted to Rs. 45.00 Lakh with Charge ID 100656247 was registered on 21 Dec 2022.
Appointed
Jyoti Domingos Fernandes was appointed as Additional Director.
Ceased
Pruthviraj Appasaheb Chandanshiv ceased to be Director.
Appointed
Rajan Vasudev Shet Parkar was appointed as Additional Director.
3 earlier events are in the company report.
Frequently asked questions
Ascent Ore India is an active private limited company based in Belgaum, Karnataka, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 02 September 2021 (5+ years old) and is registered under CIN U14299KA2021PTC151304.
Ascent Ore India has 2 current directors:
- Imran Shaikh - Director
- Pattar Dehilij Shoukath Ali - Additional Director
The latest financial statements of Ascent Ore India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Ascent Ore India is 29AAVCA7204J1Z6, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAVCA7204J1ZN (Goa).
The CIN (Corporate Identification Number) of Ascent Ore India is U14299KA2021PTC151304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Ore India has 1 court case on record: 1 filed by the company. 1 is pending.
Ascent Ore India was incorporated on 02 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ascent Ore India by revenue are Silverwater Metals and Minerals Private Limited, Suryalco Impex Private Limited, Helios Infra Ventures Private Limited, Shri Veerganapathi Steels Private Limited, M & M Minerals and Resources Private Limited and 1 more, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Bhaskar Ramgonda Patil ceased to be Additional Director on 01 Oct 2024. Jyoti Domingos Fernandes ceased to be Additional Director on 01 Oct 2024. Pattar Dehilij Shoukath Ali was appointed as Additional Director on 01 Oct 2024. Ascent Ore India has 10 board changes on record in total.
Yes, Ascent Ore India is registered as an MSME under Udyam registration (number: UDYAM-KR-04-0046436).
Ascent Ore India can be reached through the website ascentore.com. Its registered office is in Belgaum, Karnataka, India.
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