About Ascon Automation Systems Private Limited
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Ascon Automation Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 28 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31903KA1998PTC024141. Its GSTIN is 29AACCA1254F1Z0 (Karnataka).
The company has an authorised share capital of ₹1.02 Cr and a paid-up capital of ₹1.02 Cr. It is led by directors Abhayakumar Ajay and Sandeep Devaprabhakara.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.128 10th Cross Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2023, the company reported a revenue of ₹56.3 Lakh, a growth of 46% compared to the previous year. For the same year it recorded a net loss of ₹1.75 Lakh (net margin -3.1%) and EBITDA of -₹1.07 Lakh (EBITDA margin -1.9%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹5.25 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asconautomation.com.
Company details
Contact details
Ascon Automation Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is asconautomation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.128 10th Cross Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Ascon Automation Systems 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 Ascon Automation Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Ascon Automation Systems Private Limited, buy the company report.
Financials of Ascon Automation Systems Private Limited
FY 2023 filings availableAscon Automation Systems Private Limited reported revenue of ₹56.3 Lakh (up 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 46% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 18%. EBITDA fell 6% 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 |
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| EBITDA | -₹1.07 Lakh | ||||
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| Net Profit (PAT) | -₹1.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -1.9% | ||||
| Net Profit Margin | -3.1% | ||||
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To see the full financial statements and ratios of Ascon Automation Systems Private Limited, buy the company report.
Board of directors of Ascon Automation Systems Private Limited
Ascon Automation Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhayakumar Ajay | Director | 28 Aug 1998 | 28 Years 2 Months | Current |
| Sandeep Devaprabhakara | Director | 26 Sep 2019 | 7 Years 1 Months | Current |
Shareholding
The shareholding of Ascon Automation Systems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ascon Automation Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2001 | 90198039 | The Vysya Bank Ltd. | ₹2.5 Cr | Open | |
| 28 Nov 2001 | 90200659 | The Vysya Bank Ltd. | ₹2.5 Cr | Open | |
| 22 Dec 1998 | 90197475 | Global Trust Bank Limited | ₹25 Lakh | Open |
To see the full charge records of Ascon Automation Systems Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ascon Automation Systems Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Ascon Automation Systems 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 Ascon Automation Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascon Automation Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCA1254F1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascon Automation Systems Private Limited, buy the company report.
Recent activity
Ascon Automation Systems Private Limited has 5 board changes on record since 1998: 2 appointments and 3 cessations. The latest: Sandeep Devaprabhakara ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Ascon Automation Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 28 August 1998 (28+ years old) and is registered under CIN U31903KA1998PTC024141.
Ascon Automation Systems has 2 current directors:
- Abhayakumar Ajay - Director
- Sandeep Devaprabhakara - Director
The latest financial statements of Ascon Automation Systems on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ascon Automation Systems is 29AACCA1254F1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Ascon Automation Systems is U31903KA1998PTC024141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascon Automation Systems has 2 court cases on record: 2 filed against it.
Ascon Automation Systems was incorporated on 28 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Sandeep Devaprabhakara ceased to be Additional Director on 30 Sep 2019. Sandeep Devaprabhakara was appointed as Director on 26 Sep 2019. Swaminathan Balasubramaniam ceased to be Director on 19 Jul 2019. Ascon Automation Systems has 5 board changes on record in total.
Ascon Automation Systems can be reached through the website asconautomation.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ascon Automation Systems is at No.128 10th Cross Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038.
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