Ascent Yarns Private Limited

Ascent Yarns Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U17297GJ2003PTC042456 Incorporated 03 June 2003 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2023
₹44.45 Cr
▼ 2% YoY
Net profit · FY 2023
₹1.41 Cr
Net margin 3.2%
EBITDA · FY 2023
₹4.8 Cr
EBITDA margin 10.8%
Authorised capital
₹4.25 Cr
Registered with MCA
Paid-up capital
₹3.43 Cr
Issued & subscribed
Open charges
₹15.57 Cr
Satisfied ₹27.28 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
89
Provident fund records

About Ascent Yarns Private Limited

Data last updated:

Ascent Yarns Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Global Pacific Nominees Pty. Ltd.. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 June 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17297GJ2003PTC042456. Its GSTIN is 24AAECA2350A1ZJ (Gujarat). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹4.25 Cr and a paid-up capital of ₹3.43 Cr. It is led by directors including Ashvini Shekhar and Vinod Shekhar.

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 Ahmedabad, Gujarat.

As per the financials filed for FY 2023, the company reported a revenue of ₹44.45 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.41 Cr (net margin 3.2%) and EBITDA of ₹4.8 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 1% over five years.

The company has about 89 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹15.57 Cr and satisfied charges of ₹27.28 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending.

Ascent Yarns Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0032192). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentyarns.com.

Company details

CIN U17297GJ2003PTC042456
Registration Number 042456
Incorporation Date 03 June 2003
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Global Pacific Nominees Pty. Ltd.
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0032192
Key People
Ashvini Shekhar Director Vinod Shekhar Director Anup Omprakash Khushu Director

Recognitions & Rankings of Ascent Yarns

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0032192

Contact details

Ascent Yarns Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ascentyarns.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ascentyarns.com
  • Social Media
  • Registered Address
    Plot No 14 15 16 Moraiya Ind. Estate Moraiya Road Tal:, Sanand, Ahmedabad, Gujarat, India – 382213
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Ascent Yarns Private Limited, buy the company report.

Comprehensive company report
Ascent Yarns 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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Financials of Ascent Yarns Private Limited

FY 2025 filings available

Ascent Yarns Private Limited reported revenue of ₹44.45 Cr (down 2% YoY) for FY 2023.

Revenue · FY 2023
₹44.45 Cr ▼ 2%
Net profit · FY 2023
₹1.41 Cr margin 3.2%
EBITDA · FY 2023
₹4.8 Cr margin 10.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 5%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 17%
5 years · compounded
▼ 5%

Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 47% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹44.45 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.8 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.41 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
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin10.8%
Net Profit Margin3.2%
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 Yarns Private Limited, buy the company report.

Board of directors of Ascent Yarns Private Limited

Ascent Yarns has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ashvini ShekharDirector05 Feb 20215 Years 9 MonthsCurrent
Vinod Shekhar
Also directs: Fea Electronics Private Limited, Global Pacific Nominees(India) Private Limited
Director06 Aug 200323 Years 2 MonthsCurrent
Anup Omprakash Khushu
Also directs: Fea Electronics Private Limited, Global Pacific Nominees(India) Private Limited
Director08 Jun 200323 Years 4 MonthsCurrent
View all directors

Auditor

Ascent Yarns Private Limited is audited by Dharmendra & Khajanchi for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Dharmendra & KhajanchiFY 2023102472W

Shareholding

The shareholding of Ascent Yarns 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ascent Yarns Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15.57 Cr
Satisfied charges
₹27.28 Cr
Breakdown by lending institutions
State Bank of India₹11.87 Cr
Others₹2.20 Cr
Hdfc Bank Limited₹1.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Feb 2021100431010Hdfc Bank Limited₹1.5 CrOpen
09 Oct 2020100382452Others₹2.2 CrOpen
20 Jul 201110304030State Bank of India₹11.87 CrOpen
14 Oct 200610027180Corporation Bank₹8.8 CrSatisfied
30 Jun 200610011506₹4.08 LakhSatisfied

To see the full charge records of Ascent Yarns Private Limited, buy the company report.

Total charge records: 11 View all charges

Credit ratings & regulatory alerts

Ascent Yarns Private Limited was last rated by Crisil on 25 Sep 2020.

Rating agencyRated onRating
Crisil25 Sep 2020

To see the full credit ratings and regulatory alerts of Ascent Yarns Private Limited, buy the company report.

MSME payment delays

Ascent Yarns Private Limited has 5 MSME Form 1 returns on record between 2018 and 2022, listing 121 overdue payments to 14 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 14)

SupplierAmount dueDue sinceReported on
an individual supplier
Rainbow Sales Corporation
BP Lubricants Private Limited
an individual supplier
Bright Rubber

To see the full MSME payment records of Ascent Yarns Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Ascent Yarns Private Limited has a workforce of 89 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.

Employee count
89
Active EPFO establishments
1
Employee growth
20.27%

GST

Ascent Yarns has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AAECA2350A1ZJGujaratActive01 Jul 2017
33AAECA2350A1ZKTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Ascent Yarns Private Limited, buy the company report.

Recent activity

Ascent Yarns Private Limited has 6 board changes on record since 2003: 3 appointments and 3 cessations. The latest: Ashvini Shekhar ceased to be Additional Director on 30 Nov 2021.

AGM
Ascent Yarns Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ascent Yarns Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ashvini Shekhar ceased to be Additional Director.
Ceased
Mahendra Bhansali ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 11.87 Cr registered on 20 Jul 2011 with Charge ID 10304030 was modified on 21 Aug 2021.
Charges
A charge registered on 30 Jun 2006 with was fully satisfied on 04 Aug 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100431010 was registered on 22 Feb 2021.
Appointed
Ashvini Shekhar was appointed as Director.
Charges
A charge with Others amounted to Rs. 2.20 Cr with Charge ID 100382452 was registered on 09 Oct 2020.
Charges
A charge registered on 14 Oct 2006 via Charge ID 10027180 with Corporation Bank was fully satisfied on 23 Oct 2015.
Charges
A charge registered on 25 Nov 2000 via Charge ID 90105022 with Corporation Bank was fully satisfied on 23 Oct 2015.
Charges
A charge registered on 25 Jan 2000 via Charge ID 90112567 with Co. Bank was fully satisfied on 23 Oct 2015.

22 earlier events are in the company report.

Frequently asked questions

Ascent Yarns is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 June 2003 (23+ years old) and is registered under CIN U17297GJ2003PTC042456.

Ascent Yarns has 3 current directors:

The latest financial statements of Ascent Yarns 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 Yarns is 24AAECA2350A1ZJ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAECA2350A1ZK (Tamil Nadu).

The CIN (Corporate Identification Number) of Ascent Yarns is U17297GJ2003PTC042456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ascent Yarns has 6 court cases on record: 6 filed by the company. 1 is pending. Most are in the high courts.

Ascent Yarns was incorporated on 03 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Ashvini Shekhar ceased to be Additional Director on 30 Nov 2021. Mahendra Bhansali ceased to be Director on 26 Oct 2021. Ashvini Shekhar was appointed as Director on 05 Feb 2021. Ascent Yarns has 6 board changes on record in total.

Yes, Ascent Yarns is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0032192).

Ascent Yarns has 5 MSME Form 1 returns on record between 2018 and 2022, listing 121 overdue payments to 14 micro and small suppliers. The latest return was filed on 21 Apr 2022.

Ascent Yarns can be reached through the website ascentyarns.com. Its registered office is in Ahmedabad, Gujarat, India.