About Ace Micromatic Group
Ace Micromatic Group is a company based in Bengaluru (India) founded in 1973 by Shrinivas G Shirgurkar, P Ramadas, Benedict Machado, and Chandrasekhar Bharathi. Ace Micromatic Group has raised $142 million across 2 funding rounds from investors including IIMA Ventures and Kotak Alternate Asset Managers. The company has 729 employees as of March 28, 2024. Ace Micromatic Group offers products and services including CNC Turning Machines and Grinding Machines.
- Headquarter Bengaluru, India
- Employees 729 as on 28 Mar, 2024
- Founders Shrinivas G Shirgurkar, P Ramadas, Benedict Machado, Chandrasekhar Bharathi
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Email
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Phone
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Website
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Social
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- Legal Name Ace Designers Limited
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$241.46 M (USD)103.04as on Mar 31, 2023
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Net Profit
$18.97 M (USD)357.1as on Mar 31, 2023
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EBITDA
$16.05 M (USD)209.65as on Mar 31, 2023
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Total Equity Funding
$142 M (USD)
in 2 rounds
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Latest Funding Round
$142 M (USD), Unspecified
Apr 30, 2025
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Investors
IIMA Ventures
& 1 more
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Employee Count
729
as on Mar 28, 2024
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Products & Services of Ace Micromatic Group
Ace Micromatic Group offers a comprehensive portfolio of products and services, including CNC Turning Machines and Grinding Machines.
CNC turning machines for precision metal cutting and shaping processes are utilized in manufacturing operations
Grinding machines for finishing and precision work on metal components are employed in various industrial settings
People of Ace Micromatic Group
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Funding Insights of Ace Micromatic Group
Ace Micromatic Group has successfully raised a total of $142M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $142 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ace Micromatic Group
Ace Micromatic Group has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include IIMA Ventures and Kotak Alternate Asset Managers.
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Investments & Acquisitions by Ace Micromatic Group
Investment portfolio details for Ace Micromatic Group
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Financial Statements - Ace Micromatic Group
Detailed financials for Ace Micromatic Group
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Ace Micromatic Group Comparisons
Peer comparison for Ace Micromatic Group
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Competitors of Ace Micromatic Group
Detailed competitors of Ace Micromatic Group
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Latest news on Ace Micromatic Group
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Frequently Asked Questions about Ace Micromatic Group
Ace Micromatic Group was founded in 1973 and raised its 1st funding round 40 years after it was founded.
Ace Micromatic Group is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vishwas R Puttige is the current CEO of Ace Micromatic Group.
Ace Micromatic Group is a funded company, having raised a total of $142M across 2 funding rounds to date.
As of Mar 28, 2024, the latest employee count at Ace Micromatic Group is 729.
Annual revenue of Ace Micromatic Group is $241.46M as on Mar 31, 2023.
Ace Micromatic Group was established in 1973 in Bengaluru, India, within the machinery manufacturing sector. CNC lathes, turn-mill centers, chuckers, vertical machining centers, and hydraulic grinding machines are produced. Automation accessories and components for diverse industries are supplied. IIoT solutions are integrated to enable real-time machine monitoring and support operational efficiency across customer bases.
Ace Micromatic Group offers CNC Turning Machines and Grinding Machines.
Ace Micromatic Group has 2 investors. Key investors include IIMA Ventures, and Kotak Alternate Asset Managers.