Ace Manufacturing Systems Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
as on 17-01-2025
- Paid Up Capital ₹ 7.64 M
as on 17-01-2025
- Company Age 30 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 97.25 Cr
as on 17-01-2025
- Revenue 67.98%
(FY 2022)
- Profit 126.37%
(FY 2022)
- Ebitda 137.37%
(FY 2022)
- Net Worth 9.47%
(FY 2022)
- Total Assets 5.03%
(FY 2022)
About Ace Manufacturing Systems
- 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
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
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.
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
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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)
Sinar Sheetmetal Solutions Private LimitedActive 5 years 6 monthsRamadas Puttige is a mutual person
Indian Machine Tool Manufacturers AssociationActive 51 years 9 monthsShrinivas Govindrao and Thirumalaimuppur Ramesh are mutual person
Auto Cnc Machining LimitedActive 37 years 7 monthsShrinivas Govindrao, Benedict Machado and 1 more are mutual person
- Ace Designers LimitedActive 38 years 3 months
Shrinivas Govindrao, Benedict Machado and 4 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Karnataka Bank Ltd. Creation Date: 11 Jan 2017 | ₹50.00 Cr | Satisfied |
The Karnataka Bank Ltd Creation Date: 02 Sep 2005 | ₹20.00 Cr | Satisfied |
Canara Bank Creation Date: 22 Nov 1994 | ₹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.
