About Ascent Smartwaves Private Limited
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Ascent Smartwaves Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2015PTC263603. Its GSTIN is 27AANCA3990P1ZT (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Amish Rajendra Shah and Meena Rajendra Shah.
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 150/4120 Parivartan Chs Ltd D Wing 1st Floor Vallabh Baug Lane New Pant Nagar, Mumbai, Maharashtra, India – 400075.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.22 Lakh, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹4.09 Lakh (net margin 14.5%) and EBITDA of ₹4.24 Lakh (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years and 71% over five years.
The company is associated with 1 brand: ASCENT SmartWaves.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentcts.com.
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- Website
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- Registered Address150/4120 Parivartan Chs Ltd D Wing 1st Floor Vallabh Baug Lane New Pant Nagar, Mumbai, Maharashtra, India – 400075
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Ascent Smartwaves Private Limited
The main business activity of Ascent Smartwaves is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
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.
Financials of Ascent Smartwaves Private Limited FY 2024 filings available
Ascent Smartwaves Private Limited reported revenue of ₹28.22 Lakh (up 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ascent Smartwaves Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 71% over five years, including 47% growth in the latest year. EBITDA rose 284% 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 of Ascent Smartwaves Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹4.24 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.09 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 of Ascent Smartwaves Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ascent Smartwaves are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Ascent Smartwaves Private Limited
Ascent Smartwaves Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (SaaS Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zohort Innovations Private Limited | ₹29.54 Lakh (FY 2024) | •••• | •••• | -49.0% | •••• | Gurgaon, Haryana, India |
| Neofinverv Technologies Private Limited | ₹29.5 Lakh (FY 2025) | •••• | •••• | 25.0% | •••• | Gurgaon, Haryana, India |
| Proteger AI Private Limited | ₹29.25 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Innovazion Research Private Limited | ₹28.83 Lakh (FY 2020) | •••• | •••• | -75.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Viotal Informatics Private Limited | ₹28.49 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Ascent Smartwaves Private Limited this company | ₹28.22 Lakh (FY 2024) | •••• | •••• | 47.0% | •••• | Mumbai, Maharashtra, India |
| Wonderpoint Software Private Limited | ₹27.58 Lakh (FY 2025) | •••• | •••• | 12321.0% | •••• | Mumbai, Maharashtra, India |
| Coloristy Media Private Limited | ₹26.9 Lakh (FY 2025) | •••• | •••• | -11.0% | •••• | Patiala, Punjab, India |
| Linetech Web Solutions LLP | ₹26.47 Lakh (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Wincere Solutions Private Limited | ₹25.55 Lakh (FY 2018) | •••• | •••• | -93.0% | •••• | New Delhi, Delhi, India |
| Algorum Software Private Limited | ₹24.9 Lakh (FY 2024) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Ascent Smartwaves by revenue in the Information Technology industry (SaaS Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ascent Smartwaves Private Limited
Ascent Smartwaves Private Limited is audited by DIPAK SHANTILAL KAPADIA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DIPAK SHANTILAL KAPADIA | Locked | Locked | Locked |
Complete auditor history
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 of Ascent Smartwaves Private Limited
Ascent Smartwaves has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meena Rajendra Shah Also directs: Ascent Consulting Technology Solutions Private Limited, Ascent Brezie Private Limited, Ascent Futuretech LLP and 1 more | Additional Director | 01 Jun 2016 | 10 Years 4 Months | Current |
| Rajendra Hargovinddas Shah Also directs: Ascent Consulting Technology Solutions Private Limited, Ascent Brezie Private Limited, Ascent Futuretech LLP and 1 more | Additional Director | 01 Jun 2016 | 10 Years 4 Months | Current |
| Amish Rajendra Shah | Director | 17 Apr 2015 | 11 Years 5 Months | Current |
Ownership and Shareholding of Ascent Smartwaves Private Limited
Shareholding and ownership data
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.
Charges & Borrowings of Ascent Smartwaves Private Limited
Ascent Smartwaves Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Ascent Smartwaves Private Limited
Ascent Smartwaves operates one associated brand: ASCENT SmartWaves. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers software procurement and custom development for business efficiency and innovation. | ascentsmartwaves.com |
Employees and EPFO Compliance at Ascent Smartwaves Private Limited
Employment history and EPFO contributions of people linked to Ascent Smartwaves.
Employee and EPFO history
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.
Recent Activity on Ascent Smartwaves Private Limited
Ascent Smartwaves Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Bhavik Mukesh Solani ceased to be Director on 20 Jun 2016.
Credit Ratings, Litigation & Regulatory Alerts for Ascent Smartwaves Private Limited
Credit ratings, litigation, and regulatory alerts
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 Smartwaves Private Limited
MSME payment history
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 Smartwaves Private Limited
Corporate group structure
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.
GST Compliance of Ascent Smartwaves Private Limited
Ascent Smartwaves has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA3990P1ZT | Maharashtra | Active | 21 May 2018 |
GST registrations and filing compliance
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.
MCA Filings & Documents of Ascent Smartwaves Private Limited
MCA filings and documents
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.
Frequently Asked Questions about Ascent Smartwaves Private Limited
Ascent Smartwaves is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 April 2015 (11+ years old) and is registered under CIN U72900MH2015PTC263603.
Ascent Smartwaves reported revenue of ₹28.22 Lakh for FY 2024 (up 47% YoY).
Ascent Smartwaves has 3 current directors:
- Meena Rajendra Shah - Additional Director
- Rajendra Hargovinddas Shah - Additional Director
- Amish Rajendra Shah - Director
Ascent Smartwaves reported a net profit of ₹4.09 Lakh (net margin 14.5%) and EBITDA of ₹4.24 Lakh (EBITDA margin 15%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ascent Smartwaves is 68% over three years and 71% over five years. In the latest year (FY 2024) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ascent Smartwaves is 27AANCA3990P1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ascent Smartwaves is U72900MH2015PTC263603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Smartwaves was incorporated on 17 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ascent Smartwaves by revenue are Zohort Innovations Private Limited, Neofinverv Technologies Private Limited, Proteger AI Private Limited, Innovazion Research Private Limited, Viotal Informatics Private Limited and 5 more, all in the Information Technology industry (SaaS Providers).
Bhavik Mukesh Solani ceased to be Director on 20 Jun 2016. Meena Rajendra Shah was appointed as Additional Director on 01 Jun 2016. Rajendra Hargovinddas Shah was appointed as Additional Director on 01 Jun 2016. Ascent Smartwaves has 4 board changes on record in total.
Ascent Smartwaves can be reached through the website ascentcts.com. Its registered office is in Mumbai, Maharashtra, India.