Ase Capital Market Development Board
About Ase Capital Market Development Board
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Ase Capital Market Development Board is a private not for profit company based in Ahmedabad, Gujarat, India, a subsidiary of Ahmedabad Stock Exchange Limited. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72300GJ2000NPL037393.
It is led by directors Apurva Hathi and Rameshchandra Natvarlal Chokshi.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kamdhenu Complex Opp. Sahajanand College Nr Panjarapole, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.57 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.55 Cr (net margin 98.6%) and EBITDA of ₹1.56 Cr (EBITDA margin 99.1%). Revenue has grown at a compounded annual rate (CAGR) of 256% over three years and 41% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ase Capital Market Development Board has one previous CIN (Corporate Identification Number): U72300GJ2000GAT037393. The current CIN is U72300GJ2000NPL037393, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300GJ2000NPL037393 | Current |
| U72300GJ2000GAT037393 | Previous |
Contact details
Ase Capital Market Development Board's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressKamdhenu Complex Opp. Sahajanand College Nr Panjarapole, Ahmedabad, Gujarat, India – 380015
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Ase Capital Market Development Board, 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 Ase Capital Market Development Board is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Ase Capital Market Development Board, buy the company report.
Financials of Ase Capital Market Development Board
FY 2025 filings availableAse Capital Market Development Board reported revenue of ₹1.57 Cr (up 3429% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.56 Cr | ||||
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| Net Profit (PAT) | ₹1.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 99.1% | ||||
| Net Profit Margin | 98.6% | ||||
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To see the full financial statements and ratios of Ase Capital Market Development Board, buy the company report.
Board of directors of Ase Capital Market Development Board
Ase Capital Market Development Board has 2 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurva Hathi Also directs: GCCL Construction and Realities Limited, Gujrat Credit Corporation Limited, Rakesh Advertising Private Limited and 2 more | Director | 25 Jun 2014 | 12 Years 4 Months | Current |
| Rameshchandra Natvarlal Chokshi Also directs: Asel Financial Services Limited, Acml Capital Markets Limited | Director | 31 Dec 2013 | 12 Years 10 Months | Current |
Auditor
Ase Capital Market Development Board is audited by G K CHOKSI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G K CHOKSI & CO | FY 2019 | 101895W |
Shareholding
The shareholding of Ase Capital Market Development Board is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public |
To see the full shareholding pattern of Ase Capital Market Development Board, buy the company report.
Legal cases
No court or tribunal cases involving Ase Capital Market Development Board 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 Ase Capital Market Development Board; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ase Capital Market Development Board has 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Ase Capital Market Development Board; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ase Capital Market Development Board has 27 board changes on record since 2007: 2 appointments and 25 cessations. The latest: Vipul Ramanbhai Patel ceased to be Company Secretary on 05 Sep 2022.
18 earlier events are in the company report.
Frequently asked questions
Ase Capital Market Development Board is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 February 2000 (26+ years old) and is registered under CIN U72300GJ2000NPL037393.
Ase Capital Market Development Board has 2 current directors:
- Apurva Hathi - Director
- Rameshchandra Natvarlal Chokshi - Director
The latest financial statements of Ase Capital Market Development Board on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ase Capital Market Development Board is U72300GJ2000NPL037393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ase Capital Market Development Board was incorporated on 18 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vipul Ramanbhai Patel ceased to be Company Secretary on 05 Sep 2022. Prabhat Kumar Ghosh ceased to be Director on 30 Dec 2016. Kaluvakolanu Nityanandam ceased to be Director on 22 Aug 2016. Ase Capital Market Development Board has 27 board changes on record in total.
The registered office of Ase Capital Market Development Board is at Kamdhenu Complex Opp. Sahajanand College Nr Panjarapole, Ahmedabad, Gujarat, India – 380015.
Ase Capital Market Development Board operates in the financial services industry, in the diversified financial services segment.
The compliance status of Ase Capital Market Development Board is compliant as of 02 September 2026. The company is actively filing with the Registrar of Companies.
Ase Capital Market Development Board can be reached at its registered office: Kamdhenu Complex Opp. Sahajanand College Nr Panjarapole, Ahmedabad, Gujarat, India – 380015.
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