Ace Furnaces Private Limited

Designing and manufacturing industrial furnaces for various clients, certified with ISO 9001:2015.

2014 | Thane, Maharashtra (India) | Active
Last Updated:

Ace Furnaces Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 11 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 12.43 Cr
  • Satisfied Charges ₹ 6.59 Cr
  • Revenue Growth 120296.83%
  • Profit Growth 118746.84%
  • Ebitda 123164.30%
  • Net Worth 170583.82%
  • Total Assets 109224.02%

About Ace Furnaces

Ace Furnaces Private Limited (AFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 February 2014 and has a history of 11 years and two months. Its registered office is in Thane, Maharashtra, India.

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 5.00 M and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹12.43 Cr. The company has closed loans amounting to ₹6.59 Cr, as per Ministry of Corporate Affairs (MCA) records.

Nitin Phirake, Prashant Patil, Amjad Sheikh, and One other member serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29242MH2014PTC253538

  • Company No.

    253538

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Feb 2014

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment
Company report

Ace Furnaces Private Limited

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

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

Board Members (4)

NameDesignationAppointment DateStatus
Prashant Patil Country flag representing In Director 19-Aug-2014Current
Nitin Phirake Country flag representing In Director 19-Aug-2014Current
Amjad Sheikh Country flag representing In Director 20-Feb-2015Current
Kailash Nasta Country flag representing In Director 19-Aug-2014Current

Financial Performance of Ace Furnaces.

Ace Furnaces Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 120296.83% increase. The company also saw a substantial improvement in profitability, with a 118746.84% increase in profit. The company's net worth Soared by an impressive increase of 170583.82%.

Ace Furnaces revenue growth over time
Ace Furnaces 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
120296.83%
Revenue from Operations
120073.17%
Total Assets
109224.02%
Profit or Loss
118746.84%
Net Worth
170583.82%
EBITDA
123164.30%

What is the Ownership and Shareholding Structure of Ace Furnaces?

In 2024, Ace Furnaces had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹124.29 M

Satisfied Charges

₹65.90 M

Charges Breakdown by Lending Institutions

  • Others : 11.43 Cr
  • Hdfc Bank Limited : 1.00 Cr

Latest Charge Details

DateLenderAmountStatus
24 Aug 2023Hdfc Bank Limited₹1.00 CrOpen
11 Nov 2022Others₹10.81 CrOpen
18 Aug 2017Others₹3.09 MOpen
18 Aug 2017Others₹3.09 MOpen
27 Sep 2021Others₹1.35 CrSatisfied

How Many Employees Work at Ace Furnaces?

Ace Furnaces has a workforce of 82 employees as of Mar 25, 2025. 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 Furnaces Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ace Furnaces, 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 Furnaces'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 Furnaces

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Charges

    A charge registered on 20 Feb 2018 via Charge ID 100159920 with Hdfc Bank Limited was fully satisfied on 12 Sep 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 10.00 M with Charge ID 100787906 was registered on 24 Aug 2023.

  • Charges

    A charge with Others of Rs. 108.11 M registered on 11 Nov 2022 with Charge ID 100647633 was modified on 24 May 2023.

  • Charges

    A charge registered on 27 Sep 2021 via Charge ID 100514582 with Others was fully satisfied on 24 Jan 2023.

Frequently asked questions

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

    Ace Furnaces Private Limited was incorporated on 24 Feb 2014.

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

    The authorized share capital of Ace Furnaces Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

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

    Currently 4 directors are associated with Ace Furnaces Private Limited.

    • Nitin Jagannath Phirake
    • Prashant Dattatray Patil
    • Amjad Ahmed Sheikh
    • Kailash Vishnu Nasta

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Ace Furnaces Private Limited is Office No. 130 1St Floor Lodha Supremus Ii Road 22, Wagle Estate India, Thane, Maharashtra, 400604.

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

    The corporate identification number (CIN) of Ace Furnaces Private Limited is U29242MH2014PTC253538 and the company number is 253538 as per Ministry of Corporate Affairs (MCA).

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

    The Official website of Ace Furnaces Private Limited is https://www.acefurnaces.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Ace Furnaces Private Limited has risen by 120296.83%.

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

    As Per 2023 financial reports, 82 employees are currently employed by Ace Furnaces Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Ace Furnaces Private Limited has experienced an upsurge of 170583.82%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Ace Furnaces Private Limited amount to ₹ 12.43 Cr.

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

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

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