MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0071005
Ascon Polymet Private Limited
Ascon Polymet Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.6 Cr
▼ 11% YoY
Net profit · FY 2024
₹93,232
Net margin 0.4%
EBITDA · FY 2024
₹5.38 Lakh
EBITDA margin 2.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹35 Lakh
Satisfied ₹50 Lakh
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Ascon Polymet Private Limited
Data last updated:
Ascon Polymet Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 30 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17123GJ2013PTC074767. Its GSTIN is 24AALCA5873B1ZS (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Niteshkumar Shantilal Jariwala and Narmadaben Shantilal Jariwala.
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 4/170 – 171 – 172 Mangalam Allyani Wadi Dumaswala Hospital Gali Begumpura, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.6 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹93,232 (net margin 0.4%) and EBITDA of ₹5.38 Lakh (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹35 Lakh and satisfied charges of ₹50 Lakh on record.
Ascon Polymet Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0071005). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17123GJ2013PTC074767
Registration Number 074767
Incorporation Date 30 April 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0071005
Recognitions & Rankings of Ascon Polymet
Contact details
Ascon Polymet Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4/170 – 171 – 172 Mangalam Allyani Wadi Dumaswala Hospital Gali Begumpura, Surat, Gujarat, India – 395003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ascon Polymet Private Limited, buy the company report.
Comprehensive company report
Ascon Polymet 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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Business activity
The main business activity of Ascon Polymet is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Ascon Polymet Private Limited, buy the company report.
Financials of Ascon Polymet Private Limited
FY 2025 filings availableAscon Polymet Private Limited reported revenue of ₹2.6 Cr (down 11% YoY) for FY 2024.
Revenue · FY 2024
₹2.6 Cr ▼ 11%
Net profit · FY 2024
₹93,232 margin 0.4%
EBITDA · FY 2024
₹5.38 Lakh margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 42%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 6%
5 years · compounded
▼ 12%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 7% 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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| Total Expenses | |||||
| EBITDA | ₹5.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹93,232 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Ascon Polymet Private Limited, buy the company report.
Board of directors of Ascon Polymet Private Limited
Ascon Polymet has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niteshkumar Shantilal Jariwala | Director | 30 Apr 2013 | 13 Years 5 Months | Current |
| Narmadaben Shantilal Jariwala | Director | 20 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Ascon Polymet Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shiva Suitings Ltd | ₹2.6 Cr (FY 2025) | -31.0% | Mumbai, Maharashtra, India | |||
| Heemy Digital Printing Private Limited | ₹2.6 Cr (FY 2024) | -4.0% | Surat, Gujarat, India | |||
| Sushila Polytex Private Limited | ₹2.6 Cr (FY 2025) | -26.0% | Gorakhpur, Uttar Pradesh, India | |||
| Ascon Polymet Private Limitedthis company | ₹2.6 Cr (FY 2024) | ₹93,232 | 0.4% | -11.0% | Surat, Gujarat, India | |
| Rashmiwala Warp & Weft Private Limited | ₹2.59 Cr (FY 2024) | Sachin, Gujarat, India | ||||
| Madhur Threads India Private Limited | ₹2.59 Cr (FY 2025) | -11.0% | Tamil Nadu, India | |||
| Harjika Plastics Private Limited | ₹2.59 Cr (FY 2025) | -27.0% | Uttar Pradesh, India |
To see the full peer comparison of Ascon Polymet Private Limited, buy the company report.
Auditor
Ascon Polymet Private Limited is audited by P A R Y & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P A R Y & CO | FY 2019 | 007288C |
Shareholding
The shareholding of Ascon Polymet Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ascon Polymet Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35 Lakh
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2019 | 100276327 | Others | ₹35 Lakh | Open | |
| 06 May 2014 | 10515743 | Hdfc Bank Limited | ₹50 Lakh | Satisfied |
To see the full charge records of Ascon Polymet Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Ascon Polymet Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ascon Polymet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ascon Polymet has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCA5873B1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ascon Polymet Private Limited, buy the company report.
Recent activity
Ascon Polymet Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Nayankumar Deepaklal Rana ceased to be Director on 22 Mar 2019.
AGM
Ascon Polymet Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ascon Polymet Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 06 May 2014 via Charge ID 10515743 with Hdfc Bank Limited was fully satisfied on 04 Jul 2020.
Charges
A charge with Others amounted to Rs. 35.00 Lakh with Charge ID 100276327 was registered on 27 Jun 2019.
Ceased
Nayankumar Deepaklal Rana ceased to be Director.
Appointed
Narmadaben Shantilal Jariwala was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Lakh with Charge ID 10515743 was registered on 06 May 2014.
Appointed
Niteshkumar Shantilal Jariwala was appointed as Director.
Incorporation
30 Apr 2013
Ascon Polymet Private Limited was registered on 30 Apr 2013 with Roc Ahmedabad & aged 13 years 5 months as per MCA records.
Frequently asked questions
Ascon Polymet is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 30 April 2013 (13+ years old) and is registered under CIN U17123GJ2013PTC074767.
Ascon Polymet has 2 current directors:
- Niteshkumar Shantilal Jariwala - Director
- Narmadaben Shantilal Jariwala - Director
The latest financial statements of Ascon Polymet 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 Ascon Polymet is 24AALCA5873B1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Ascon Polymet is U17123GJ2013PTC074767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascon Polymet was incorporated on 30 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ascon Polymet by revenue are Shiva Suitings Ltd, Heemy Digital Printing Private Limited, Sushila Polytex Private Limited, Rashmiwala Warp & Weft Private Limited, Madhur Threads India Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Nayankumar Deepaklal Rana ceased to be Director on 22 Mar 2019. Narmadaben Shantilal Jariwala was appointed as Director on 20 Mar 2019. Niteshkumar Shantilal Jariwala was appointed as Director on 30 Apr 2013.
Yes, Ascon Polymet is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0071005).
The registered office of Ascon Polymet is at 4170 – 171 – 172 Mangalam Allyani Wadi Dumaswala Hospital Gali Begumpura, Surat, Gujarat, India – 395003.
Ascon Polymet operates in the manufacturing industry, in the textile and fabric production segment.