Acetec Automotives Private Limited

Authorized dealer of Piaggio vehicles, offering sales, services, and trades of automotive parts and accessories.

2010 | Bangaluru, Karnataka (India) | Active
Last Updated:

Acetec Automotives Profile

Key Indicators

  • Authorised Capital ₹ 6.25 M
  • Paid Up Capital ₹ 6.25 M
  • Company Age 14 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.00 M
  • Satisfied Charges ₹ 3.00 Cr
  • Revenue Growth 32.76%
  • Profit Growth 429.68%
  • Ebitda 69.01%
  • Net Worth 7.40%
  • Total Assets 92.18%

About Acetec Automotives

Acetec Automotives Private Limited (AAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 May 2010 and has a history of 14 years and nine months. Its registered office is in Bangaluru, Karnataka, India.

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 2024. It's a company limited by shares with an authorized capital of Rs 6.25 M and a paid-up capital of Rs 6.25 M.

The company currently has active open charges totaling ₹6.00 M. The company has closed loans amounting to ₹3.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vijayakumar Naganna, Basavaraju Madhusudhan, Karasavadi Shivakumara, and Two other members 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

    U42909KA2010PTC053562

  • Company No.

    053562

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 May 2010

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Automotive

What products or services does Acetec Automotives Private Limited offer?

Acetec Automotives Private Limited offers a wide range of products and services, including Commercial Vehicles & Three Wheelers, Three Wheelers.

Who are the key members and board of directors at Acetec Automotives?

Board Members (5)

NameDesignationAppointment DateStatus
Vijayakumar Naganna Country flag representing In Director 10-May-2017Current
Basavaraju Madhusudhan Country flag representing In Whole-Time Director 12-Aug-2024Current
Karasavadi Shivakumara Country flag representing In Whole-Time Director 22-Nov-2019Current
Sachidananda Murudappa Country flag representing In Whole-Time Director 12-Aug-2024Current
Amir Halaganahalli Country flag representing In Whole-Time Director 12-Aug-2024Current

Financial Performance of Acetec Automotives.

Acetec Automotives Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 32.76% increase. The company also saw a substantial improvement in profitability, with a 429.68% increase in profit. The company's net worth moved up by a moderate rise of 7.4%.

Acetec Automotives revenue growth over time
Acetec Automotives 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
32.76%
Revenue from Operations
36.09%
Total Assets
92.18%
Profit or Loss
429.68%
Net Worth
7.40%
EBITDA
69.01%

What is the Ownership and Shareholding Structure of Acetec Automotives?

In 2021, Acetec Automotives 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

₹6.00 M

Satisfied Charges

₹30.00 M

Charges Breakdown by Lending Institutions

  • Kotak Mahindra Bank Limited : 0.60 Cr

Latest Charge Details

DateLenderAmountStatus
31 Oct 2011Kotak Mahindra Bank Limited₹6.00 MOpen
15 Jun 2019Others₹8.00 MSatisfied
25 Aug 2016Tata Capital Financial Services Limited₹8.00 MSatisfied
29 Mar 2012Bank Of India₹1.40 CrSatisfied

How Many Employees Work at Acetec Automotives?

Acetec Automotives has a workforce of 11 employees as of Apr 01, 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.

Employee growth trends for Acetec Automotives Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Acetec Automotives, 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 Acetec Automotives'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 Acetec Automotives

Recent activity within the organization

  • Annual General Meeting

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

  • Director Appointment

    Basavaraju Raghupathy Madhusudhan was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 12 Aug 2024 & has been associated with this company since 6 months 23 days .

  • Director Appointment

    Sachidananda Murudappa was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 12 Aug 2024 & has been associated with this company since 6 months 23 days .

  • Director Appointment

    Amir Ahamed Vazeer Halaganahalli was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 12 Aug 2024 & has been associated with this company since 6 months 23 days .

  • Balance Sheet

    Acetec Automotives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge registered on 15 Jun 2019 via Charge ID 100275122 with Others was fully satisfied on 13 Jan 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Acetec Automotives Private Limited?

    Acetec Automotives Private Limited was incorporated on 10 May 2010.

  • What is authorized share capital and paid-up capital of Acetec Automotives Private Limited?

    The authorized share capital of Acetec Automotives Private Limited is ₹ 6.25 M and paid-up capital is ₹ 6.25 M.

  • Who are the current board members & directors of Acetec Automotives Private Limited?

    Currently 5 directors are associated with Acetec Automotives Private Limited.

    • Vijayakumar Naganna
    • Basavaraju Raghupathy Madhusudhan
    • Karasavadi Javaregowda Shivakumara
    • Sachidananda Murudappa
    • Amir Ahamed Vazeer Halaganahalli

  • What is the registered address of Acetec Automotives Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Acetec Automotives Private Limited is No.1230 10Th Cross 1St Phase Stage, Chandra Layout India, Bangalore, Karnataka, 560072.

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

    The corporate identification number (CIN) of Acetec Automotives Private Limited is U42909KA2010PTC053562 and the company number is 053562 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Acetec Automotives Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Acetec Automotives Private Limited has risen by 32.76%.

  • How many employees does Acetec Automotives Private Limited currently have?

    As Per 2022 financial reports, 11 employees are currently employed by Acetec Automotives Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Acetec Automotives Private Limited has experienced an upsurge of 7.40%.

  • What are the total open charges for Acetec Automotives Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Acetec Automotives Private Limited amount to ₹ 6.00 M.

  • When was the last Balance Sheet of Acetec Automotives Private Limited filed with the ROC?

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

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