MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0052127
Ascent Staffing Solutions Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹109.72 Cr
▼ 4% YoY
Net profit · FY 2023
₹1.93 Cr
Net margin 1.8%
EBITDA · FY 2023
₹1.8 Cr
EBITDA margin 1.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4.67 Cr
Satisfied ₹6 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
3,559
Provident fund records
About Ascent Staffing Solutions Private Limited
Data last updated:
Ascent Staffing Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ascent Consulting Services Private Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 30 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2008PTC046624. Its GSTIN is 29AAHCA0820G1ZZ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ascent Technovations (India) Private Limited. It is led by directors including Subramanyam Sreenivasaiah and Geeta Lachireddy.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹109.72 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.93 Cr (net margin 1.8%) and EBITDA of ₹1.8 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 22% over five years.
The company has about 3,559 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AscentHR. As per MCA filings, the company has open charges of ₹4.67 Cr and satisfied charges of ₹6 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Ascent Staffing Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0052127). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascenthrstaffing.com.
Company details
CIN U74910KA2008PTC046624
Registration Number 046624
Incorporation Date 30 May 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ascent Consulting Services Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0052127
CIN history
Ascent Staffing Solutions has one previous CIN (Corporate Identification Number): U72200KA2008PTC046624. The current CIN is U74910KA2008PTC046624, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74910KA2008PTC046624 | Current |
| U72200KA2008PTC046624 | Previous |
Recognitions & Rankings of Ascent Staffing Solutions
Contact details
Ascent Staffing Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is ascenthrstaffing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMaruthi Chambers Main Building 3rd Floor Survey No.17/ 4C 9C Roopena Agrahara Hosur Roa, D, Bangalore, Karnataka, India – 560068
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Ascent Staffing Solutions Private Limited, buy the company report.
Comprehensive company report
Ascent Staffing Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ascent Staffing Solutions operates one associated brand: AscentHR. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Comprehensive HR technologies and outsourced payroll services are provided. | ascent-hr.com |
Financials of Ascent Staffing Solutions Private Limited
FY 2024 filings availableAscent Staffing Solutions Private Limited reported revenue of ₹109.72 Cr (down 4% YoY) for FY 2023.
Revenue · FY 2023
₹109.72 Cr ▼ 4%
Net profit · FY 2023
₹1.93 Cr margin 1.8%
EBITDA · FY 2023
₹1.8 Cr margin 1.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 5%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 33%
5 years · compounded
▲ 36%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 33% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹109.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.93 Cr | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ascent Staffing Solutions Private Limited, buy the company report.
Board of directors of Ascent Staffing Solutions Private Limited
Ascent Staffing Solutions has 4 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 |
|---|---|---|---|---|
| Subramanyam Sreenivasaiah | Director | 30 May 2008 | 18 Years 4 Months | Current |
| Geeta Lachireddy | Director | 30 May 2008 | 18 Years 4 Months | Current |
| Surendra Arava | Director | 13 Oct 2017 | 9 Years 0 Months | Current |
| Keshav Chander Also directs: Ascent HR Technologies Private Limited | Director | 13 Sep 2013 | 13 Years 1 Months | Current |
Auditor
Ascent Staffing Solutions Private Limited is audited by A K Bhandari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K Bhandari & Associates | FY 2023 | 005934S |
Shareholding
The shareholding of Ascent Staffing Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascent Staffing Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.67 Cr
Satisfied charges
₹6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2025 | 101197860 | Hdfc Bank Limited | ₹1.6 Cr | Open | |
| 18 Nov 2014 | 10540909 | Hdfc Bank Limited | ₹3.07 Cr | Open | |
| 23 Apr 2018 | 100173024 | Hdfc Bank Limited | ₹1.5 Cr | Satisfied | |
| 03 Feb 2014 | 10475085 | Citibank N. A. | ₹4.5 Cr | Satisfied |
To see the full charge records of Ascent Staffing Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ascent Staffing Solutions Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Civil suit | Filed against the company | Pending |
| District court, UDUPI, Karnataka | Court case (P and SC) | Filed against the company by an individual | Disposed |
To see the full case history of Ascent Staffing 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 Staffing Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascent Staffing Solutions Private Limited has a workforce of 3,559 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
3,559
Active EPFO establishments
1
Employee growth
40.23%
GST
Ascent Staffing Solutions has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCA0820G1ZZ | Karnataka | Active | 01 Jul 2017 |
| 36AAHCA0820G1Z4 | Telangana | Active | 14 Feb 2024 |
To see the full GST registrations and return filing status of Ascent Staffing Solutions Private Limited, buy the company report.
Recent activity
Ascent Staffing Solutions Private Limited has 6 board changes on record since 2008: 4 appointments and 2 cessations. The latest: Surendra Arava ceased to be Additional Director on 27 Sep 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 160.00 Lakh with Charge ID 101197860 was registered on 17 Oct 2025.
AGM
Ascent Staffing Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Ascent Staffing Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 23 Apr 2018 via Charge ID 100173024 with Hdfc Bank Limited was fully satisfied on 04 Mar 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 306.82 Lakh registered on 18 Nov 2014 with Charge ID 10540909 was modified on 04 Mar 2021.
Ceased
Surendra Arava ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 150.00 Lakh with Charge ID 100173024 was registered on 23 Apr 2018.
Appointed
Surendra Arava was appointed as Director.
Charges
A charge registered on 03 Feb 2014 via Charge ID 10475085 with Citibank N. A. was fully satisfied on 21 Nov 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 306.82 Lakh with Charge ID 10540909 was registered on 18 Nov 2014.
Ceased
Keshav Chander ceased to be Additional Director.
Charges
A charge with Citibank N. A. amounted to Rs. 450.00 Lakh with Charge ID 10475085 was registered on 03 Feb 2014.
4 earlier events are in the company report.
Frequently asked questions
Ascent Staffing Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 30 May 2008 (18+ years old) and is registered under CIN U74910KA2008PTC046624.
Ascent Staffing Solutions has 4 current directors:
- Subramanyam Sreenivasaiah - Director
- Geeta Lachireddy - Director
- Surendra Arava - Director
- Keshav Chander - Director
The latest financial statements of Ascent Staffing Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascent Staffing Solutions is 29AAHCA0820G1ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAHCA0820G1Z4 (Telangana).
The CIN (Corporate Identification Number) of Ascent Staffing Solutions is U74910KA2008PTC046624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Staffing Solutions has 2 court cases on record: 2 filed against it. 1 is pending.
Ascent Staffing Solutions was incorporated on 30 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Surendra Arava ceased to be Additional Director on 27 Sep 2018. Surendra Arava was appointed as Director on 13 Oct 2017. Keshav Chander ceased to be Additional Director on 30 Sep 2014. Ascent Staffing Solutions has 6 board changes on record in total.
Yes, Ascent Staffing Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0052127).
Ascent Staffing Solutions can be reached through the website ascenthrstaffing.com. Its registered office is in Bangalore, Karnataka, India.