About Ascar
Ascar is a Technology company based in Hyderabad (India) founded in 2019. It provides IT consulting, development, and implementation for retail systems worldwide. It operates on a B2B and Consulting Services model. The company has 5 employees. Its Indian entity Ascarit Solutions Private Limited reported revenue of ₹1.22 Cr. Ascar offers products and services including Development Services, Implementation Services, Support Services, Technology Planning, and Training Services. Its focus areas include IT Services, Retail Tech, System Support and Development. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Ascar IT Solutions specializes in enhancing retail technology by integrating new systems with existing ones, focusing on efficiency and customer experience. They offer services like development, implementation, support, and training for clients ranging from small businesses to global brands. Operating from offices in Hyderabad, India, and Reading, United Kingdom, they combine expertise in technologies such as Ionic, Oracle, Java, and AWS to deliver measurable improvements without disrupting operations.
- Headquarters Hyderabad, India
- Employees 5
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website ascaritsolutions.com
- Social X Instagram YouTube
- Legal Name Ascarit Solutions Private Limited
- Date of Incorporation 16 Apr, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.22 Cr
FY 2024 · +41% YoY
- Net Profit₹2 Lakh
FY 2024 · 2% margin
- EBITDA₹6.9 Lakh
FY 2024 · 6% margin
- Employee Count5
Associated legal entities of Ascar
Ascar is associated with 2 registered companies on The Company Check; the primary company is Ascarit Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ascarit Solutions Private Limited CIN U47912TG2019PTC132081 | Active | 16 Apr 2019 | Hyderabad, Telangana | ₹1.2 Cr | 5 | 2 | View details |
| Ascarit Solutions Private Limited CIN U72900TG2019PTC132081 | 16 Apr 2019 | Hyderabad, Telangana, India | View details |
Products & Services of Ascar
Ascar offers a comprehensive portfolio of products and services, including Development Services, Implementation Services, Support Services, Technology Planning, and Training Services.
Helps optimize technology investments for retail systems.
Assists in integrating new solutions with existing systems seamlessly.
Ensures stable retail operations in a dynamic landscape.
Offers planning to enhance retail technology strategies.
Provides IT training in latest technologies for professionals.
Apps and channels of Ascar
its YouTube channel Ascar IT Solutions has 3 subscribers.
Board of directors of Ascarit Solutions Private Limited (Ascar)
Ascarit Solutions Private Limited is the primary company behind Ascar. The board of Ascarit Solutions Private Limited currently have 2 directors; the longest-serving is Deepa Rani Balne, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepa Rani Balne DIN 08422854 | Director | 16 Apr 2019 | 7 yrs 6 mo | Ascarit Solutions Private Limited |
| Chandrakala Nomula DIN 08422855 | Director | 16 Apr 2019 | 7 yrs 6 mo | Ascarit Solutions Private Limited |
Financials of Ascar
Figures of Ascarit Solutions Private Limited, the primary company behind Ascar, for FY 2024. Revenue was ₹1.22 Cr (+41% year on year). Net profit was ₹2 Lakh (2% margin). EBITDA was ₹6.9 Lakh (6% margin). Revenue has grown at a compounded annual rate of +25% over three years.
- ₹1.22 CrRevenue · FY 2024 · +41% YoY
- ₹2 LakhNet profit · 2% margin
- ₹6.9 LakhEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- 5Employees (provident fund records)
- +25%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ascarit Solutions Private Limited are on its company page.
Detailed financial statements for Ascar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Competitors of Ascar
Ascar has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Ascar
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Ascar
Ascar was founded in 2019.
Ascar is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ascar has 5 employees.
The primary company behind Ascar, Ascarit Solutions Private Limited, reported revenue of ₹1.22 Cr for FY 2024, up 41% year on year.
Ascar IT Solutions specializes in enhancing retail technology by integrating new systems with existing ones, focusing on efficiency and customer experience. They offer services like development, implementation, support, and training for clients ranging from small businesses to global brands. Operating from offices in Hyderabad, India, and Reading, United Kingdom, they combine expertise in technologies such as Ionic, Oracle, Java, and AWS to deliver measurable improvements without disrupting operations.
Ascar's top competitors include Happiest Minds and Datamatics.
Ascar offers Development Services, Implementation Services, Support Services, Technology Planning, and Training Services.
Ascar operates through Ascarit Solutions Private Limited.
The legal entities of Ascar currently have 2 directors, including Deepa Rani Balne, Chandrakala Nomula.