Ace Turtle Commerce Profile
Key Indicators
- Authorised Capital ₹ 3.00 M
- Paid Up Capital ₹ 2.70 M
- Company Age 4 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 45.00 Cr
- Revenue Growth %
- Profit Growth -168.95%
- Ebitda -144.21%
- Net Worth -120.55%
- Total Assets 9.41%
About Ace Turtle Commerce
Ace Turtle Commerce Private Limited (ATCPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 February 2021 (Four years and three months 0 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Home & Lifestyle Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 3.00 M and a paid-up capital of Rs 2.70 M.
The company currently has active open charges totaling ₹45.00 Cr.
Nitin Chhabra and Brinder Singh 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
U72200KA2021PTC143736
- Company No.
143736
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Feb 2021
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Home & Lifestyle
Consumer Goods
Ace Turtle Commerce Private Limited
Explore comprehensive data for Ace Turtle Commerce Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ace Turtle Commerce?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Chhabra  | Director | 03-Feb-2021 | Current |
| Brinder Singh | Director | 03-Feb-2021 | Current |
Financial Performance of Ace Turtle Commerce.
Ace Turtle Commerce Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 168.95% decrease in profit. The company's net worth observed a substantial decline by a decrease of 120.55%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ace Turtle Commerce?
In 2023, Ace Turtle Commerce had a public holding of 99.99%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Ace Turtle Services Private Limited
Nitin Chhabra and Brinder Singh are mutual person
- Ace Turtle Omni Private Limited
Nitin Chhabra and Brinder Singh are mutual person
- August Purple Services Private Limited
Nitin Chhabra and Brinder Singh are mutual person
Ace Turtle Wholesale Private LimitedNitin Chhabra and Brinder Singh are mutual person
- Childrenite Private Limited
Brinder Singh is a mutual person
Charges (Loans)
Open Charges
₹450.00 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 45.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2023 | Others | ₹45.00 Cr | Open |
How Many Employees Work at Ace Turtle Commerce?
Ace Turtle Commerce has a workforce of 0 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 Turtle Commerce, 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 Turtle Commerce'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 Turtle Commerce
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 450.00 M with Charge ID 100881465 was registered on 28 Nov 2023.
- Annual General Meeting
Ace Turtle Commerce Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Ace Turtle Commerce Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Director Appointment
Nitin Chhabra was appointed as a Director was appointed as a Director on 03 Feb 2021 & has been associated with this company since 4 years 3 months .
- Director Appointment
Brinder Pal Singh was appointed as a Director was appointed as a Director on 03 Feb 2021 & has been associated with this company since 4 years 3 months .
- Company Incorporation
Ace Turtle Commerce Private Limited was registered on 03 Feb 2021 with Roc Bangalore & aged 4 years 3 months as per MCA records.
Recent News, Updates & Announcement
- Ace Turtle Secures ₹27 Crore Funding to Boost E-Commerce Services for Retail Brands, Plans Expansion into FMCG and Electronics Retail.
Ace Turtle, a company that helps retail brands sell online, has raised ₹27 crore in funding from existing and new investors. They offer a full stack of e-commerce services and have partnered with logistics providers for deliveries. They plan to expand into FMCG and electronics retail. Other companies in this space include Peel-Works..
Frequently asked questions
What is the Incorporation or founding date of Ace Turtle Commerce Private Limited?
Ace Turtle Commerce Private Limited was incorporated on 03 Feb 2021.
What is authorized share capital and paid-up capital of Ace Turtle Commerce Private Limited?
The authorized share capital of Ace Turtle Commerce Private Limited is ₹ 3.00 M and paid-up capital is ₹ 2.70 M.
Who are the current board members & directors of Ace Turtle Commerce Private Limited?
Currently 2 directors are associated with Ace Turtle Commerce Private Limited.
- Nitin Chhabra
- Brinder Pal Singh
What is the registered address of Ace Turtle Commerce Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ace Turtle Commerce Private Limited is 701 To 714 Tower C 7Th Floor Diamond District Airport Roa D, Kodihal India, Bangalore, Karnataka, 560008.
What is the corporate identification number (CIN) and company number of Ace Turtle Commerce Private Limited?
The corporate identification number (CIN) of Ace Turtle Commerce Private Limited is U72200KA2021PTC143736 and the company number is 143736 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ace Turtle Commerce Private Limited?
The Official website of Ace Turtle Commerce Private Limited is https://www.aceturtle.com
What change has been observed in the net worth of Ace Turtle Commerce Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Ace Turtle Commerce Private Limited has experienced an downturn of -120.55%.
What are the total open charges for Ace Turtle Commerce Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Ace Turtle Commerce Private Limited amount to ₹ 45.00 Cr.
When was the last Balance Sheet of Ace Turtle Commerce Private Limited filed with the ROC?
The most recent Balance Sheet for Ace Turtle Commerce Private Limited was filed with the ROC on 31 Mar 2023.
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