Ace Automobiles Private Limited

Auto trading, dealer for MRF tyres, distributor for Hero Motocorp spare parts, part of Ace Group.

1996 | Kozhikode, Kerala (India) | Active
Last Updated:

Ace Automobiles Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 6.05 M
  • Company Age 28 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 10.30 Cr
  • Revenue Growth 28.03%
  • Profit Growth 83.10%
  • Ebitda 35.51%
  • Net Worth 3.38%
  • Total Assets 0.64%

About Ace Automobiles

Ace Automobiles Private Limited (AAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 June 1996 and has a history of 28 years and eight months. Its registered office is in Kozhikode, Kerala, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 6.05 M.

The company currently has active open charges totaling ₹10.30 Cr.

Krishnanand Kamath, Nityanand Kamath, Premanand Kamath, and Three other members serve as directors at the Company.

Company Details

  • Location

    Kozhikode, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U50101KL1996PTC010517

  • Company No.

    010517

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Jun 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Automotive
Company report

Ace Automobiles Private Limited

Explore comprehensive data for Ace Automobiles Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Ace Automobiles?

Executive Team (1)

NameDesignationAppointment DateStatus
Krishnanand Kamath Country flag representing In Managing Director26-Jun-1996Current

Board Members (5)

NameDesignationAppointment DateStatus
Premanand Kamath Country flag representing In Director 30-Sep-2024Current
Nityanand Kamath Country flag representing In Director 26-Jun-1996Current
Sachin Kamath Country flag representing In Director 17-Jul-2015Current
Pranav Kamath Country flag representing In Director 12-Apr-2017Current
Sadanand Kamath Country flag representing In Director 26-Jun-1996Current

Financial Performance of Ace Automobiles.

Ace Automobiles Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.03% increase. The company also saw a substantial improvement in profitability, with a 83.1% increase in profit. The company's net worth moved up by a moderate rise of 3.38%.

Ace Automobiles revenue growth over time
Ace Automobiles profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
28.03%
Revenue from Operations
29.80%
Total Assets
0.64%
Profit or Loss
83.10%
Net Worth
3.38%
EBITDA
35.51%

What is the Ownership and Shareholding Structure of Ace Automobiles?

In 2023, Ace Automobiles had a promoter holding of 64.46% and a public holding of 35.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10.30 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of Travancore : 6.30 Cr
  • Axis Bank Limited : 4.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Aug 2017Axis Bank Limited₹4.00 CrOpen
16 Oct 2007State Bank Of Travancore₹1.50 CrOpen
16 Oct 2007State Bank Of Travancore₹3.00 MOpen
16 Oct 2007State Bank Of Travancore₹4.00 CrOpen
03 Jul 2000State Bank Of Travancore₹5.00 MOpen

How Many Employees Work at Ace Automobiles?

Ace Automobiles has a workforce of 17 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Ace Automobiles Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ace Automobiles, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ace Automobiles's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Ace Automobiles

Recent activity within the organization

  • Annual General Meeting

    Ace Automobiles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Premanand Kamath was appointed as a Director was appointed as a Director on 30 Sep 2024 & has been associated with this company since 5 months 12 days .

  • Balance Sheet

    Ace Automobiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100121174 was registered on 28 Aug 2017.

  • Director Appointment

    Pranav Kamath was appointed as a Director was appointed as a Director on 12 Apr 2017 & has been associated with this company since 7 years 11 months .

  • Charges

    A charge with State Bank Of Travancore of Rs. 4.00 Cr registered on 16 Oct 2007 with Charge ID 10078750 was modified on 30 Oct 2015.

Frequently asked questions

  • What is the Incorporation or founding date of Ace Automobiles Private Limited?

    Ace Automobiles Private Limited was incorporated on 26 Jun 1996.

  • What is authorized share capital and paid-up capital of Ace Automobiles Private Limited?

    The authorized share capital of Ace Automobiles Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 6.05 M.

  • Who are the current board members & directors of Ace Automobiles Private Limited?

    Currently 6 directors are associated with Ace Automobiles Private Limited.

    • Krishnanand Kamath
    • Nityanand Kamath
    • Premanand Kamath
    • Sachin Kamath
    • Pranav Kamath
    • Sadanand Kamath

  • What is the registered address of Ace Automobiles Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ace Automobiles Private Limited is Leela Towersdoor No 19/1970A Kallai Road India, Calicut, Kerala, 673002.

  • What is the corporate identification number (CIN) and company number of Ace Automobiles Private Limited?

    The corporate identification number (CIN) of Ace Automobiles Private Limited is U50101KL1996PTC010517 and the company number is 010517 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ace Automobiles Private Limited?

    The Official website of Ace Automobiles Private Limited is https://www.acegroup.in

  • What has been the recent revenue trend for Ace Automobiles Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ace Automobiles Private Limited has risen by 28.03%.

  • How many employees does Ace Automobiles Private Limited currently have?

    As Per 2023 financial reports, 17 employees are currently employed by Ace Automobiles Private Limited.

  • What change has been observed in the net worth of Ace Automobiles Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Ace Automobiles Private Limited has experienced an upsurge of 3.38%.

  • What are the total open charges for Ace Automobiles Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ace Automobiles Private Limited amount to ₹ 10.30 Cr.

  • When was the last Balance Sheet of Ace Automobiles Private Limited filed with the ROC?

    The most recent Balance Sheet for Ace Automobiles Private Limited was filed with the ROC on 31 Mar 2024.

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