Ace Tyres Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
as on 05-07-2024
- Paid Up Capital ₹ 3.25 Cr
as on 05-07-2024
- Company Age 23 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 94.65 Cr
as on 05-07-2024
- Satisfied Charges ₹ 159.60 Cr
as on 05-07-2024
- Revenue -3.54%
(FY 2023)
- Profit -38.76%
(FY 2023)
- Ebitda -9.20%
(FY 2023)
- Net Worth 11.02%
(FY 2023)
- Total Assets 16.26%
(FY 2023)
About Ace Tyres
The Corporate was formerly known as Ace Tyres Limited. The Company is engaged in the Automotive 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 6.00 Cr and a paid-up capital of Rs 3.25 Cr.
The company currently has active open charges totaling ₹94.65 Cr. The company has closed loans amounting to ₹159.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vasudeva Reddy, Manjusha Gangaram, Madhava Baddevolu, and Two other members serve as directors at the Company.
- CIN/LLPIN
U25112TG2001PTC037183
- Company No.
037183
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Aug 2001
- Date of AGM
27 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Rr Dist, Telangana, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Ace Tyres?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vasudeva Reddy  | Director | 07-Mar-2015 | Current |
| Manjusha Gangaram | Director | 01-Sep-2015 | Current |
| Madhava Baddevolu | Director | 07-Mar-2015 | Current |
| Syed Naveed | Director | 23-Aug-2001 | Current |
| Gangaram Reddy | Director | 23-Aug-2001 | Current |
Financial Performance of Ace Tyres.
Ace Tyres Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.54% decrease. The company also saw a substantial fall in profitability, with a 38.76% decrease in profit. The company's net worth Soared by an impressive increase of 11.02%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Ace Tyres?
In 2023, Ace Tyres had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Exel Rubber Private LimitedActive 37 years 1 monthVasudeva Reddy, Manjusha Gangaram and 2 more are mutual person
Vilas Polymer Private LimitedActive 26 years 9 monthsVasudeva Reddy, Manjusha Gangaram and 3 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 24 Feb 2023 | ₹21.00 Cr | Open |
Hdfc Bank Limited Creation Date: 08 Apr 2022 | ₹20.00 Cr | Open |
State Bank Of India Creation Date: 06 Dec 2001 | ₹53.65 Cr | Open |
How Many Employees Work at Ace Tyres?
Ace Tyres has a workforce of 199 employees as of Mar 21, 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 Tyres, 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 Tyres'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.
