Ascorb Technologies Private Limited

Ascorb Technologies Private Limited - education in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U72900KA2016PTC180143 Incorporated 07 December 2016 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company education DPIIT Startup MSME · Micro
Revenue · FY 2025
₹8.01 Cr
▲ 50% YoY
Net loss · FY 2025
₹1.65 Cr
Net margin -20.5%
EBITDA · FY 2025
-₹1.07 Cr
EBITDA margin -13.4%
Authorised capital
₹3 Lakh
Registered with MCA
Paid-up capital
₹2.05 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
35
Provident fund records
Directors on board
4
As per MCA filings

About Ascorb Technologies Private Limited

Data last updated:

Ascorb Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the corporate training and development segment of the education sector. It was incorporated on 07 December 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC180143. Its GSTIN is 29AAPCA0002N1ZM (Karnataka). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹2.05 Lakh. It is led by directors including Harshit Sharaff and Gaurav Doshi.

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 Bangalore, Karnataka.

As per the financials filed for FY 2025, the company reported a revenue of ₹8.01 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net loss of ₹1.65 Cr (net margin -20.5%) and EBITDA of -₹1.07 Cr (EBITDA margin -13.4%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 97% over five years.

The company has about 35 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Edmingle. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹8.2 Cr; the latest was in February 2023. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier.

Ascorb Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-33-0039714). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website edmingle.com.

Company details

CIN U72900KA2016PTC180143
Registration Number 180143
Incorporation Date 07 December 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-RJ-33-0039714

CIN history

Ascorb Technologies has one previous CIN (Corporate Identification Number): U72900RJ2016PTC056485. The current CIN is U72900KA2016PTC180143, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U72900KA2016PTC180143Current
U72900RJ2016PTC056485Previous
Key People
Harshit Sharaff Director Sandhya Vasudevan Nominee Director Gaurav Doshi Director

Recognitions & Rankings of Ascorb Technologies

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Micro (2023-24)
Udyam number
UDYAM-RJ-33-0039714

Contact details

Ascorb Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is edmingle.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    edmingle.com
  • Social Media
  • Apps
  • Registered Address
    Edmingle 2nd Floor Srit House #113/1B, Itpl Main Road Kundalahalli, Bangalore, Karnataka, India – 560037
  • Industry
    Education, Corporate Training & Development

To see the full contact details of Ascorb Technologies Private Limited, buy the company report.

Comprehensive company report
Ascorb Technologies 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

Ascorb Technologies operates one associated brand: Edmingle. Each brand links to its own profile.

BrandDescriptionWebsite
Edmingle
White-labelled online academy platforms are provided for business training.edmingle.com

Business activity

The main business activity of Ascorb Technologies is information and communication. In detail, this covers other information & communication service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ8Other information & communication service activities

To see the full business activity and turnover split of Ascorb Technologies Private Limited, buy the company report.

Financials of Ascorb Technologies Private Limited

FY 2024 filings available

Ascorb Technologies Private Limited reported revenue of ₹8.01 Cr (up 50% YoY) for FY 2025.

Revenue · FY 2025
₹8.01 Cr ▲ 50%
Net loss · FY 2025
₹1.65 Cr margin -20.5%
EBITDA · FY 2025
-₹1.07 Cr margin -13.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 71%
5 years · compounded
▲ 97%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▼ 41%
5 years · compounded
▼ 51%

Revenue has grown at a compounded annual rate (CAGR) of 97% over five years, including 50% growth in the latest year. EBITDA rose 32% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹1.07 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.65 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-13.4%
Net Profit Margin-20.5%
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 Ascorb Technologies Private Limited, buy the company report.

Board of directors of Ascorb Technologies Private Limited

Ascorb Technologies has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Harshit SharaffDirector07 Dec 20169 Years 11 MonthsCurrent
Sandhya Vasudevan
Also directs: Prabodh Sudhakara LLP, Himatsingka Seide Limited, TTK Prestige Limited and 4 more
Nominee Director23 Mar 20233 Years 7 MonthsCurrent
Gaurav DoshiDirector07 Dec 20169 Years 11 MonthsCurrent
Gaurav Gulati
Also directs: Aroa Innovation Partners LLP, Redsprig Innovation Partners LLP, Windlas Biotech Limited and 5 more
Nominee Director13 Sep 20215 Years 2 MonthsCurrent
View all directors

Auditor

Ascorb Technologies Private Limited is audited by NITESH DOSHI for the financial year 2023.

Auditor firmFinancial yearFirm registration number
NITESH DOSHIFY 2023401473

Shareholding

The shareholding of Ascorb Technologies 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 Ascorb Technologies Private Limited, buy the company report.

Deals & funding

Ascorb Technologies Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹8.2 Cr; the latest was in February 2023.

Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹8.2 Cr

Deals on record (4 of 5)

WhenDealAmountParties
Feb 2023Secondary share transferUndisclosedBuyer: 3 individuals
Seller: Mumbai Angels
Apr 2021Funding round · Series A₹2.41 CrInvestors: Sucseed Inovation Fund, 3 individuals
Apr 2021Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2019Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual

To see the full deal history of Ascorb Technologies Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Ascorb Technologies Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)

SupplierAmount dueDue sinceReported on
Cuentas Consulting Private Limited

To see the full MSME payment records of Ascorb Technologies Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Ascorb Technologies Private Limited has a workforce of 35 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
35
Active EPFO establishments
1
Employee growth
9.4%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2735
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22

To see the full employee and EPFO history of Ascorb Technologies Private Limited, buy the company report.

GST

Ascorb Technologies has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
29AAPCA0002N1ZMKarnatakaActive11 Mar 2020
08AAPCA0002N1ZQRajasthanActive15 Aug 2017

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

Recent activity

Ascorb Technologies Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Sandhya Vasudevan was appointed as Nominee Director on 23 Mar 2023.

AGM
Ascorb Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ascorb Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Sandhya Vasudevan was appointed as Nominee Director.
Appointed
Gaurav Gulati was appointed as Nominee Director.
Ceased
Danish Ali Hakim ceased to be Director.
Ceased
Shawn Kong Loong Chong ceased to be Additional Director.
Appointed
Gaurav Doshi was appointed as Director.
Appointed
Harshit Sharaff was appointed as Director.
Incorporation
07 Dec 2016
Ascorb Technologies Private Limited was registered on 07 Dec 2016 with Roc Bangalore & aged 9 years 11 months as per MCA records.

News

Frequently asked questions

Ascorb Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in corporate training and development, within the education industry. It was incorporated on 07 December 2016 (10+ years old) and is registered under CIN U72900KA2016PTC180143.

Ascorb Technologies has 4 current directors:

The latest financial statements of Ascorb Technologies 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 FY 2017 are in the company report.

The GSTIN of Ascorb Technologies is 29AAPCA0002N1ZM, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AAPCA0002N1ZQ (Rajasthan).

The CIN (Corporate Identification Number) of Ascorb Technologies is U72900KA2016PTC180143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ascorb Technologies was incorporated on 07 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.

Ascorb Technologies has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹8.2 Cr; the latest was in February 2023.

Sandhya Vasudevan was appointed as Nominee Director on 23 Mar 2023. Gaurav Gulati was appointed as Nominee Director on 13 Sep 2021. Danish Ali Hakim ceased to be Director on 24 Jul 2018. Ascorb Technologies has 6 board changes on record in total.

Yes, Ascorb Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Ascorb Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-RJ-33-0039714).

Ascorb Technologies has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Feb 2024.