Ace Designers Limited

Specializing in CNC lathes and iron castings for automotive and engineering industries.

1986 | Bangaluru, Karnataka (India) | Active
Last Updated:

Ace Designers Profile

Key Indicators

  • Authorised Capital ₹ 21.50 Cr
  • Paid Up Capital ₹ 18.45 Cr
  • Company Age 38 Year, 6 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 six 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

Machinery and Equipment

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.

Company report

Ace Designers Limited

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

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

Executive Team (3)

NameDesignationAppointment DateStatus
Thirumalaimuppur Ramesh Country flag representing In Managing Director11-Feb-2023Current
Rajesh Ramegowda Country flag representing In Company Secretary01-Oct-2021Current
Chakravarthy Srinivas CFO05-Jan-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Benne Dwarakanath Country flag representing In Director 06-Oct-2023Current
Srinivasan Rangarajan Country flag representing In Director 09-Feb-2002Current
Shrinivas Govindrao Country flag representing In Director 25-Sep-1986Current
Benedict Machado Country flag representing In Director 25-Sep-1986Current
Ramadas Puttige Country flag representing In Director 06-Oct-2023Current
Shubha Mayya Country flag representing In Director 01-Jul-2021Current

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%.

Ace Designers revenue growth over time
Ace Designers 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
51.65%
Revenue from Operations
51.50%
Total Assets
5.46%
Profit or Loss
361.00%
Net Worth
9.23%
EBITDA
162.73%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹495.73 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
03 Aug 2021Others₹40.00 CrOpen
06 Jul 2021Others₹15.00 CrOpen
20 Mar 2021Hdfc Bank Limited₹19.00 CrOpen
26 Feb 2021Axis Bank Limited₹27.10 CrOpen
21 Sep 2020Hdfc Bank Limited₹60.00 CrOpen

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.

Employee growth trends for Ace Designers Limited

Deals i

Graph showing company valuation over time

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

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 Designers

Recent activity within the organization

  • Annual General Meeting

    Ace Designers Limited last Annual general meeting of members was held on 30 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Ace Designers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 06 Jul 2021 with Charge ID 100464365 was modified on 27 Mar 2024.

  • Director Appointment

    Chakravarthy Venkata Vijaya Srinivas was appointed as a Cfo was appointed as a Cfo on 05 Jan 2024 & has been associated with this company since 1 year 3 months .

  • Director Appointment

    Benne Gopal Rao Dwarakanath was appointed as a Director was appointed as a Director on 06 Oct 2023 & has been associated with this company since 1 year 6 months .

  • Director Appointment

    Ramadas Puttige was appointed as a Director was appointed as a Director on 06 Oct 2023 & has been associated with this company since 1 year 6 months .

Frequently asked questions

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

    Ace Designers Limited was incorporated on 25 Sep 1986.

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

    The authorized share capital of Ace Designers Limited is ₹ 21.50 Cr and paid-up capital is ₹ 18.45 Cr.

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

    Currently 9 directors are associated with Ace Designers Limited.

    • Srinivasan Rangarajan
    • Shrinivas Shirgurkar Govindrao
    • Benedict Machado
    • Benne Gopal Rao Dwarakanath
    • Ramadas Puttige
    • Thirumalaimuppur Kuppuswamy Ramesh
    • Shubha Rao Mayya
    • Rajesh Ramegowda
    • Chakravarthy Venkata Vijaya Srinivas

  • What is the registered address of Ace Designers Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ace Designers Limited is Plot No. 7 8 Ii Phase Peenya Industrial Area, India, Bangalore, Karnataka, 560058.

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

    The corporate identification number (CIN) of Ace Designers Limited is U29199KA1986PLC007816 and the company number is 007816 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ace Designers Limited?

    The Official website of Ace Designers Limited is https://www.acemicromatic.net

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Ace Designers Limited has risen by 51.65%.

  • How many employees does Ace Designers Limited currently have?

    As Per 2022 financial reports, 729 employees are currently employed by Ace Designers Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Ace Designers Limited has experienced an upsurge of 9.23%.

  • What are the total open charges for Ace Designers Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Ace Designers Limited amount to ₹ 495.73 Cr.

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

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

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