About Ascent Business
Ascent Business is a Financial Services company based in Singapore (Singapore) founded in 2013 by Kundan Shekhawat. AI-driven bank reconciliation and escrow solutions are offered for businesses. It operates in the Financial Services and Technology sectors. The company has 61 employees. Its chief executive, as recorded, is Kundan Shekhawat. Its Indian entity Ascent Risk & Resilience Software Private Limited reported revenue of ₹10.09 Cr. Ascent Business offers products and services including Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform. Its focus areas include FinTech, Banking Tech, Accounting Solutions and RegTech.
Company details
Ascent Business was founded in 2013 in Singapore, focusing on AI technologies for financial operations. Automated reconciliation is handled through AutoRECN, while escrow and trust accounts are managed via AutoESCROW for property management and homeowners. Risk assessment and crisis management are supported by AutoBCM, encompassing business impact analysis, continuity planning, testing, emergency response, and recovery strategies in the fintech sector.
- Headquarters Singapore, Singapore
- Employees 61
- Founders Kundan Shekhawat
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website ascentbusiness.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ascent Risk & Resilience Software Private Limited
- Date of Incorporation 05 Sep, 2017
- Jurisdiction Gurgaon, Haryana, India
- Indian entity revenue₹10.09 Cr
FY 2025 · +13% YoY
- Indian entity net profit₹12.3 Lakh
FY 2025 · 1% margin
- Indian entity EBITDA₹42.2 Lakh
FY 2025 · 4% margin
- Employee Count61
Associated legal entities of Ascent Business
Ascent Business operates through Ascent Risk & Resilience Software Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ascent Risk & Resilience Software Private Limited CIN U72200HR2017PTC070641 | Active | 05 Sep 2017 | Gurgaon, Haryana | ₹10.1 Cr | 61 | 2 | View details |
Products & Services of Ascent Business
Ascent Business offers a comprehensive portfolio of products and services, including Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform.
Platform for managing escrow accounts in banking transactions securely.
Tool for reconciling financial data and ensuring regulatory compliance.
AI-driven system for handling governance, risk, and compliance tasks.
Apps and channels of Ascent Business
its YouTube channel Ascent Business Technology Inc. has 67 subscribers and 30 videos.
Videos from Ascent Business
The most watched videos on Ascent Business's YouTube channel, Ascent Business Technology Inc. (67 subscribers). Click a video to play it here.
More on Ascent Business Technology Inc..
Funding Insights of Ascent Business
- Total Rounds 1
All 1 funding rounds of Ascent Business with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | Seed | – | – | – |
Board of directors of Ascent Risk & Resilience Software Private Limited (Ascent Business)
Ascent Risk & Resilience Software Private Limited is the primary company behind Ascent Business. The board of Ascent Risk & Resilience Software Private Limited currently have 2 directors; the longest-serving is Kundan Shekhawat, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kundan Shekhawat DIN 07095347 | Director | 05 Sep 2017 | 9 yrs 1 mo | Ascent Risk & Resilience Software Private Limited |
| Sasidhar Vanapalli DIN 10530238 | Director | 01 Mar 2024 | 2 yrs 7 mo | Ascent Risk & Resilience Software Private Limited |
People of Ascent Business
6 people are tracked at Ascent Business (4 in leadership, 2 in board & advisors); the tracked headcount is 61.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Ankit Tyagi | Head Of Strategy | Leadership |
Shashidhar Vanapalli | Managing Director – Middle East, Africa & Europe (growth & Partnerships) | Leadership |
Subhash Gurjar | Chief Operating Officer | Leadership |
Vikash Varma | Independent Board Member & Advisor | Board & advisors |
Siddharth Kohli | Board Member | Board & advisors |
Complete people profiles for Ascent Business
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ascent Business
Figures of Ascent Risk & Resilience Software Private Limited, the primary company behind Ascent Business, for FY 2025. Revenue was ₹10.09 Cr (+13% year on year). Net profit was ₹12.3 Lakh (1% margin). EBITDA was ₹42.2 Lakh (4% margin). Revenue has grown at a compounded annual rate of +7% over three years and +10% over five years.
- ₹10.09 CrRevenue · FY 2025 · +13% YoY
- ₹12.3 LakhNet profit · 1% margin
- ₹42.2 LakhEBITDA · 4% margin
- ₹26.3 LakhPaid-up capital
- 61Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ascent Risk & Resilience Software Private Limited are on its company page.
Detailed financial statements for Ascent Business
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ascent Business
2 dated milestones of Ascent Business across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Ascent Business is founded.
- Funding First funding round.
Web traffic of Ascent Business
The website of Ascent Business (ascentbusiness.com) receives about 6.6K visits a month.
- Monthly visits6.6K
▲ 377.1% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Ascent Business
Complete news archive for Ascent Business
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ascent Business
Ascent Business was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Ascent Business is headquartered in Singapore, Singapore.
Kundan Shekhawat is the CEO of Ascent Business, as recorded in our data. They have also founded this company.
Ascent Business has 61 employees.
The primary company behind Ascent Business, Ascent Risk & Resilience Software Private Limited, reported revenue of ₹10.09 Cr for FY 2025, up 13% year on year.
Ascent Business was founded in 2013 in Singapore, focusing on AI technologies for financial operations. Automated reconciliation is handled through AutoRECN, while escrow and trust accounts are managed via AutoESCROW for property management and homeowners. Risk assessment and crisis management are supported by AutoBCM, encompassing business impact analysis, continuity planning, testing, emergency response, and recovery strategies in the fintech sector.
Ascent Business offers Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform.
Ascent Business operates through Ascent Risk & Resilience Software Private Limited.
The legal entities of Ascent Business currently have 2 directors, including Sasidhar Vanapalli, Kundan Shekhawat.