- Category
- Small (2022-23)
- Udyam number
- UDYAM-TS-02-0006483

About Ascentech Engineering Solutions Private Limited
Data last updated:
Ascentech Engineering Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Vikarsh Strategic Investments Private Limited. It operates in the engineering sector. It was incorporated on 24 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U31503TG2012PTC083247. Its GSTIN is 36AAKCA9922C1ZO (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.03 Cr. It is led by directors including Kondamadugula Sanjeeva Reddy and Srinivasa Prasad Dasari.
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 223/15 Phase II Ida Cherlapally Khapra Mandal, Hyderabad, Telangana, India – 500051.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.16 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Cr (net margin 12.7%) and EBITDA of ₹2.85 Cr (EBITDA margin 20.1%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 14% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.89 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.43 Cr; the latest was in February 2019.
Ascentech Engineering Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0006483). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascentechengineering.com.
Company details
CIN history
Ascentech Engineering Solutions has one previous CIN (Corporate Identification Number): U31503AP2012PTC083247. The current CIN is U31503TG2012PTC083247, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31503TG2012PTC083247 | Current |
| U31503AP2012PTC083247 | Previous |
Recognitions & Rankings of Ascentech Engineering Solutions
Contact details
Ascentech Engineering Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is ascentechengineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address223/15 Phase II Ida Cherlapally Khapra Mandal, Hyderabad, Telangana, India – 500051
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Ascentech Engineering Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Ascentech Engineering Solutions is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ascentech Engineering Solutions Private Limited, buy the company report.
Financials of Ascentech Engineering Solutions Private Limited
FY 2024 filings availableAscentech Engineering Solutions Private Limited reported revenue of ₹14.16 Cr (down 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.85 Cr | ||||
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| Net Profit (PAT) | ₹1.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 20.1% | ||||
| Net Profit Margin | 12.7% | ||||
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To see the full financial statements and ratios of Ascentech Engineering Solutions Private Limited, buy the company report.
Board of directors of Ascentech Engineering Solutions Private Limited
Ascentech Engineering Solutions has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kondamadugula Sanjeeva Reddy Also directs: PTN Technologies Private Limited | Director | 24 Sep 2012 | 14 Years 1 Months | Current |
| Srinivasa Prasad Dasari Also directs: Saws Drilltech Private Limited, Cenerg Global Tools Private Limited, Apeiron Healthcare Private Limited and 1 more | Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Suresh Ravi Also directs: Pes Hydro Power Private Limited, Sam Solar Private Limited, Gurdaspur Bio Gas Private Limited and 5 more | Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Prasad Rao Pasam | Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Vasudeva Ravi Prasad Also directs: Pes Hydro Power Private Limited, Sam Solar Private Limited, Gurdaspur Bio Gas Private Limited and 2 more | Director | 01 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Ascentech Engineering Solutions Private Limited is audited by M.ANANDAM & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.ANANDAM & CO | FY 2023 | 000125S |
Shareholding
The shareholding of Ascentech Engineering 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascentech Engineering Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2024 | 100953955 | Others | ₹4 Cr | Open | |
| 12 Jul 2016 | 100047047 | Others | ₹5.89 Cr | Open |
To see the full charge records of Ascentech Engineering Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ascentech Engineering Solutions Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.43 Cr; the latest was in February 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Funding round | ₹50 Lakh | Investors: Vikarsh Strategic Investments Private Limited , 2 individuals |
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Apr 2015 | Funding round | ₹4.93 Cr | Investors: Vikarsh Strategic Investments Private Limited , 2 individuals |
| Nov 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ascentech Engineering Solutions Private Limited has 1 court case on record: 1 filed by Ascentech Engineering Solutions. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Ascentech Engineering 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 Ascentech Engineering Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ascentech Engineering Solutions Private Limited has a workforce of 32 employees on its EPFO records as of Aug 20, 2024, across 1 active EPFO establishment.
GST
Ascentech Engineering Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCA9922C1ZO | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascentech Engineering Solutions Private Limited, buy the company report.
Recent activity
Ascentech Engineering Solutions Private Limited has 21 board changes on record since 2012: 5 appointments and 16 cessations. The latest: Prasad Rao Pasam ceased to be Additional Director on 29 Sep 2024.
16 earlier events are in the company report.
Frequently asked questions
Ascentech Engineering Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in the engineering industry. It was incorporated on 24 September 2012 (14+ years old) and is registered under CIN U31503TG2012PTC083247.
Ascentech Engineering Solutions has 5 current directors:
- Kondamadugula Sanjeeva Reddy - Director
- Srinivasa Prasad Dasari - Director
- Suresh Ravi - Director
- Prasad Rao Pasam - Director
- Vasudeva Ravi Prasad - Director
The latest financial statements of Ascentech Engineering Solutions 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 2015 are in the company report.
The GSTIN of Ascentech Engineering Solutions is 36AAKCA9922C1ZO, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ascentech Engineering Solutions is U31503TG2012PTC083247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascentech Engineering Solutions has 1 court case on record: 1 filed by the company.
Ascentech Engineering Solutions was incorporated on 24 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
Ascentech Engineering Solutions has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.43 Cr; the latest was in February 2019.
Prasad Rao Pasam ceased to be Additional Director on 29 Sep 2024. Srinivasa Prasad Dasari ceased to be Additional Director on 29 Sep 2024. Suresh Ravi ceased to be Additional Director on 29 Sep 2024. Ascentech Engineering Solutions has 21 board changes on record in total.
Yes, Ascentech Engineering Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0006483).