I-Ascendance Software Private Limited
About I-Ascendance Software Private Limited
Data last updated:
I-Ascendance Software Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2010PTC076358. Its GSTIN is 33AACCI3476K1ZG (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Prasath and Ramachandran Srivaths.
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 New No. 3B Vaithyaraman Street T – Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.12 Lakh. For the same year it recorded a net profit of ₹2.35 Lakh (net margin 6.5%) and EBITDA of ₹3.18 Lakh (EBITDA margin 8.8%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 6% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressNew No. 3B Vaithyaraman Street T – Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of I-Ascendance Software Private Limited
The main business activity of I-Ascendance Software is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of I-Ascendance Software Private Limited FY 2024 filings available
I-Ascendance Software Private Limited reported revenue of ₹36.12 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR) of I-Ascendance Software Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years. EBITDA rose 54% 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 of I-Ascendance Software Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.18 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.35 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of I-Ascendance Software Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of I-Ascendance Software are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of I-Ascendance Software Private Limited
I-Ascendance Software Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JD Infolabs Systems and Solutions Private Limited | •••• | •••• | •••• | •••• | - | Palakkad, Kerala, India |
| Pikky Tech Private Limited | •••• | •••• | •••• | •••• | - | Asifnagar, Telangana, India |
| 4Spl Technologies India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Svizzera Solutions Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Infosonic Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Karad, Maharashtra, India |
| I-Ascendance Software Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Systems Dynamics (Software) Pvt Ltd | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| EEE IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Project Tinker Services Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Frenzin Softwares Private Limited | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Mediajenie Softech Private Limited | •••• | •••• | •••• | •••• | - | Basavanagudi, Karnataka, India |
Peers are the five companies nearest above and the five nearest below I-Ascendance Software by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of I-Ascendance Software Private Limited
I-Ascendance Software Private Limited is audited by SANKARAN & SUNDAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANKARAN & SUNDAR | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of I-Ascendance Software Private Limited
I-Ascendance Software has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasath | Director | 29 Jun 2010 | 16 Years 3 Months | Current |
| Ramachandran Srivaths | Director | 29 Jun 2010 | 16 Years 3 Months | Current |
Ownership and Shareholding of I-Ascendance Software Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of I-Ascendance Software Private Limited
I-Ascendance Software Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at I-Ascendance Software Private Limited
Employment history and EPFO contributions of people linked to I-Ascendance Software.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on I-Ascendance Software Private Limited
I-Ascendance Software Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Prasath was appointed as Director on 29 Jun 2010.
Credit Ratings, Litigation & Regulatory Alerts for I-Ascendance Software Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by I-Ascendance Software Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of I-Ascendance Software Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of I-Ascendance Software Private Limited
I-Ascendance Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCI3476K1ZG | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of I-Ascendance Software Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about I-Ascendance Software Private Limited
I-Ascendance Software is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 June 2010 (16+ years old) and is registered under CIN U72200TN2010PTC076358.
I-Ascendance Software reported revenue of ₹36.12 Lakh for FY 2024.
I-Ascendance Software has 2 current directors:
- Prasath - Director
- Ramachandran Srivaths - Director
I-Ascendance Software reported a net profit of ₹2.35 Lakh (net margin 6.5%) and EBITDA of ₹3.18 Lakh (EBITDA margin 8.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of I-Ascendance Software is 26% over three years and -6% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of I-Ascendance Software is 33AACCI3476K1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of I-Ascendance Software is U72200TN2010PTC076358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I-Ascendance Software was incorporated on 29 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of I-Ascendance Software by revenue are JD Infolabs Systems and Solutions Private Limited, Pikky Tech Private Limited, 4Spl Technologies India Private Limited, Svizzera Solutions Private Limited, Infosonic Software Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Prasath was appointed as Director on 29 Jun 2010. Ramachandran Srivaths was appointed as Director on 29 Jun 2010.
The registered office of I-Ascendance Software is at New No. 3B Vaithyaraman Street T – Nagar, Chennai, Tamil Nadu, India – 600017.