Ace Designers Profile
Key Indicators
- Authorised Capital ₹ 21.50 Cr
- Paid Up Capital ₹ 18.45 Cr
- Company Age 38 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 495.73 Cr
- Satisfied Charges ₹ 195.85 Cr
- Revenue Growth 51.65%
- Profit Growth 361.00%
- Ebitda 162.73%
- Net Worth 9.23%
- Total Assets 5.46%
About Ace Designers
Ace Designers Limited (ADL) is a leading Public Limited Indian Non-Government Company incorporated in India on 25 September 1986 and has a history of 38 years and four months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Anupam Machine Tools Private Limited. The Company is engaged in the Machinery And Equipment 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 21.50 Cr and a paid-up capital of Rs 18.45 Cr.
The company currently has active open charges totaling ₹495.73 Cr. The company has closed loans amounting to ₹195.85 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ace Designers Limited India are Rajesh Ramegowda as COMPANY SECRETARY and Chakravarthy Srinivas as Cfo. Srinivasan Rangarajan, Shrinivas Govindrao, Benedict Machado, and Four other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29199KA1986PLC007816
- Company No.
007816
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
25 Sep 1986
- Date of AGM
30 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Ace Designers Limited offer?
Ace Designers Limited offers a wide range of products and services, including CNC Machines, CNC Lathe Machine, CNC Machines & Lathe Machine, CNC Vertical Machining Centers, CNC Turning Centers, IT, Networking & Automation Solution, IT Solutions, VFD, PLC, HMI & Control Equipments, Industrial Automation Systems, Industrial Casting.
Who are the key members and board of directors at Ace Designers?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thirumalaimuppur Ramesh  | Managing Director | 11-Feb-2023 | Current |
| Rajesh Ramegowda | Company Secretary | 01-Oct-2021 | Current |
| Chakravarthy Srinivas | CFO | 05-Jan-2024 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Benne Dwarakanath | Director | 06-Oct-2023 | Current |
| Srinivasan Rangarajan | Director | 09-Feb-2002 | Current |
| Shrinivas Govindrao | Director | 25-Sep-1986 | Current |
| Benedict Machado | Director | 25-Sep-1986 | Current |
| Ramadas Puttige | Director | 06-Oct-2023 | Current |
| Shubha Mayya | Director | 01-Jul-2021 | Current |
Financial Performance of Ace Designers.
Ace Designers Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 51.65% increase. The company also saw a substantial improvement in profitability, with a 361% increase in profit. The company's net worth moved up by a moderate rise of 9.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Ace Designers?
In 2022, Ace Designers had a promoter holding of 75.00% and a public holding of 25.00%. The company had 1 Subsidiary and 5 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Taurus Private LimitedThirumalaimuppur Ramesh is a mutual person
Sterling Abrasives LimitedSrinivasan Rangarajan is a mutual person
Sinar Sheetmetal Solutions Private LimitedRamadas Puttige is a mutual person
Murugappa Morgan Thermal Ceramics LtdSrinivasan Rangarajan is a mutual person
Amace Solutions Private LimitedRajesh Ramegowda and Chakravarthy Srinivas are mutual person
Charges (Loans)
₹495.73 Cr
₹195.85 Cr
Charges Breakdown by Lending Institutions
- Others : 206.84 Cr
- Standard Chartered Bank : 93.37 Cr
- Hdfc Bank Limited : 79.00 Cr
- Karnataka Bank Ltd. : 37.93 Cr
- Tata Capital Financial Services Limited : 30.00 Cr
- Others : 48.60 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Aug 2021 | Others | ₹40.00 Cr | Open |
| 06 Jul 2021 | Others | ₹15.00 Cr | Open |
| 20 Mar 2021 | Hdfc Bank Limited | ₹19.00 Cr | Open |
| 26 Feb 2021 | Axis Bank Limited | ₹27.10 Cr | Open |
| 21 Sep 2020 | Hdfc Bank Limited | ₹60.00 Cr | Open |
How Many Employees Work at Ace Designers?
Ace Designers has a workforce of 729 employees as of Mar 28, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ace Designers, 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 Designers's trajectory.
Rating
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
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.
