Ace Manufacturing Systems Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 7.64 M
- Company Age 31 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 97.25 Cr
- Revenue Growth 67.98%
- Profit Growth 126.37%
- Ebitda 137.37%
- Net Worth 9.47%
- Total Assets 5.03%
About Ace Manufacturing Systems
Ace Manufacturing Systems Limited (AMSL) is Amalgamated company established on 07 Mar 1994 with its office registered at Bangaluru, Karnataka, India and has been running since 31 Year, 2 Months with a paid up capital of 7.64 M. According to MCA records, 8 Directors and 1 Signatories are linked to this company as of 17 Jan 2025.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U85110KA1994PLC015321
- Company No.
015321
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Mar 1994
- Date of AGM
20 May 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Machinery and Equipment
What products or services does Ace Manufacturing Systems Limited offer?
Ace Manufacturing Systems Limited offers a wide range of products and services, including Grinding Machines, CNC Machines, CNC Lathe Machine, Machining Center, Horizontal Machining Centers, Milling Machines, Drilling & Boring Equipment, Tapping Machine, CNC Machining Centre, CNC Machines & Lathe Machine.
Ace Manufacturing Systems Limited
Explore comprehensive data for Ace Manufacturing Systems Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ace Manufacturing Systems?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramadas Puttige  | Managing Director | 01-Apr-2010 | Current |
| Lagadamane Umesh | CEO | 22-Jun-2019 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Thirumalaimuppur Ramesh | Director | 04-Aug-2007 | Current |
| Benne Dwarakanath | Director | 01-Apr-2013 | Current |
| Shrinivas Govindrao | Director | 07-Mar-1994 | Current |
| Benedict Machado | Director | 07-Mar-1994 | Current |
| Chandra | Director | 13-Feb-1995 | Current |
| Lagadamane Umesh | Whole-Time Director | 11-Aug-2018 | Current |
Financial Performance of Ace Manufacturing Systems.
Ace Manufacturing Systems Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 67.98% increase. The company also saw a substantial improvement in profitability, with a 126.37% increase in profit. The company's net worth moved up by a moderate rise of 9.47%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ace Manufacturing Systems?
In 2022, Ace Manufacturing Systems had a promoter holding of 85.08% and a public holding of 14.92%. The company had 1 Joint Venture and 1 Associate company. 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
Sinar Sheetmetal Solutions Private LimitedRamadas Puttige is a mutual person
Indian Machine Tool Manufacturers AssociationShrinivas Govindrao and Thirumalaimuppur Ramesh are mutual person
Amace Solutions Private LimitedLagadamane Umesh is a mutual person
- Auto Cnc Machining Limited
Shrinivas Govindrao, Benedict Machado and 1 more are mutual person
- Ace Designers Limited
Shrinivas Govindrao, Benedict Machado and 4 more are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹97.25 Cr
Charges Breakdown by Lending Institutions
- Karnataka Bank Ltd. : 50.00 Cr
- Canara Bank : 27.25 Cr
- The Karnataka Bank Ltd : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jan 2017 | Karnataka Bank Ltd. | ₹50.00 Cr | Satisfied |
| 02 Sep 2005 | The Karnataka Bank Ltd | ₹20.00 Cr | Satisfied |
| 22 Nov 1994 | Canara Bank | ₹27.25 Cr | Satisfied |
How Many Employees Work at Ace Manufacturing Systems?
Ace Manufacturing Systems has a workforce of 513 employees as of Apr 09, 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 Manufacturing Systems, 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 Manufacturing Systems'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.
Latest Updates, News, and FAQs on Ace Manufacturing Systems
Recent activity within the organization
- Annual General Meeting
Ace Manufacturing Systems Limited last Annual general meeting of members was held on 20 May 2023 as per latest MCA records.
- Balance Sheet
Ace Manufacturing Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge registered on 11 Jan 2017 via Charge ID 100075612 with Karnataka Bank Ltd. was fully satisfied on 30 Mar 2022.
- Director Appointment
Lagadamane Shankarnarayana Umesh was appointed as a Ceo was appointed as a Ceo on 22 Jun 2019 & has been associated with this company since 5 years 10 months .
- Charges
A charge registered on 22 Nov 1994 via Charge ID 80046793 with Canara Bank was fully satisfied on 05 Feb 2019.
- Director Appointment
Lagadamane Shankarnarayana Umesh was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 11 Aug 2018 & has been associated with this company since 6 years 9 months .
Recent News, Updates & Announcement
- India's Ace Micromatic group sets up high-tech centre in China.
The centre, called the 'Technology & Centre of Experience', was inaugurated by Indian Consul General in Shanghai Anil Kumar Rai on Wednesday. .
Frequently asked questions
What is the Incorporation or founding date of Ace Manufacturing Systems Limited?
Ace Manufacturing Systems Limited was incorporated on 07 Mar 1994.
What is authorized share capital and paid-up capital of Ace Manufacturing Systems Limited?
The authorized share capital of Ace Manufacturing Systems Limited is ₹ 1.50 Cr and paid-up capital is ₹ 7.64 M.
Who are the current board members & directors of Ace Manufacturing Systems Limited?
Currently 9 directors are associated with Ace Manufacturing Systems Limited.
- Shrinivas Shirgurkar Govindrao
- Benedict Machado
- Benne Gopal Rao Dwarakanath
- Ramadas Puttige
- Chandra
- Lagadamane Shankarnarayana Umesh
- Thirumalaimuppur Kuppuswamy Ramesh
- Lagadamane Shankarnarayana Umesh
- Shubha Rao Mayya
What is the registered address of Ace Manufacturing Systems Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ace Manufacturing Systems Limited is Plot No. 467-469 12Th Cross 4Th Phase, Peenya Induatrail Area India, Bangalore, Karnataka, 560058.
What is the corporate identification number (CIN) and company number of Ace Manufacturing Systems Limited?
The corporate identification number (CIN) of Ace Manufacturing Systems Limited is U85110KA1994PLC015321 and the company number is 015321 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ace Manufacturing Systems Limited?
The Official website of Ace Manufacturing Systems Limited is https://www.acemicromatic.net
What has been the recent revenue trend for Ace Manufacturing Systems Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Ace Manufacturing Systems Limited has risen by 67.98%.
How many employees does Ace Manufacturing Systems Limited currently have?
As Per 2022 financial reports, 513 employees are currently employed by Ace Manufacturing Systems Limited.
What change has been observed in the net worth of Ace Manufacturing Systems Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Ace Manufacturing Systems Limited has experienced an upsurge of 9.47%.
When was the last Balance Sheet of Ace Manufacturing Systems Limited filed with the ROC?
The most recent Balance Sheet for Ace Manufacturing Systems Limited was filed with the ROC on 31 Mar 2023.
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