Asaco Private Limited

Manufactures aerospace components and liquid propulsion engines for clients in Telangana.

1969 | Hyderabad, Telangana (India) | Active
Last Updated:

Asaco Profile

Key Indicators

  • Authorised Capital ₹ 13.46 Cr
  • Paid Up Capital ₹ 6.42 Cr
  • Company Age 56 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 92.72 Cr
  • Satisfied Charges ₹ 118.03 Cr
  • Revenue Growth 212.12%
  • Profit Growth 107.51%
  • Ebitda 86.19%
  • Net Worth 46.11%
  • Total Assets 67.72%

About Asaco

Asaco Private Limited (APL) was founded in India on 02 April 1969 and has a glorious history of 56 years and one month. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Transport And Logistics 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 13.46 Cr and a paid-up capital of Rs 6.42 Cr.

The company currently has active open charges totaling ₹92.72 Cr. The company has closed loans amounting to ₹118.03 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Asaco Private Limited India is Pingali Pratap as COMPANY SECRETARY. Sunil Jain and Rajeshkumar Kothapalli serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29100TG1969PTC003800

  • Company No.

    003800

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Apr 1969

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Transport and Logistics

What products or services does Asaco Private Limited offer?

Asaco Private Limited offers a wide range of products and services, including CNC Machines & Lathe Machine, CNC Machined Components, Sheet Metal & Turned Components, Sheet Metal Machinery, Aerospace Equipment.

Company report

Asaco Private Limited

Explore comprehensive data for Asaco Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Asaco?

Executive Team (2)

NameDesignationAppointment DateStatus
Rajeshkumar Kothapalli Country flag representing In Managing Director17-Jul-2019Current
Pingali Pratap Country flag representing In Company Secretary20-Mar-2020Current

Board Members (1)

NameDesignationAppointment DateStatus
Sunil Jain Country flag representing In Director 17-Jul-2019Current

Financial Performance of Asaco.

Asaco Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 212.12% increase. The company also saw a substantial improvement in profitability, with a 107.51% increase in profit. The company's net worth Soared by an impressive increase of 46.11%.

Asaco revenue growth over time
Asaco 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
212.12%
Revenue from Operations
217.63%
Total Assets
67.72%
Profit or Loss
107.51%
Net Worth
46.11%
EBITDA
86.19%

What is the Ownership and Shareholding Structure of Asaco?

In 2022, Asaco had a promoter holding of 85.00% and a public holding of 15.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹92.72 Cr

Satisfied Charges

₹118.03 Cr

Charges Breakdown by Lending Institutions

  • Others : 92.72 Cr

Latest Charge Details

DateLenderAmountStatus
02 Jan 2020Others₹92.72 CrOpen
20 Jun 2020Others₹7.50 MSatisfied
03 Apr 2017Canara Bank₹2.02 CrSatisfied
30 Mar 2017State Bank Of India₹2.57 CrSatisfied
03 Sep 2016Canara Bank₹9.40 MSatisfied

How Many Employees Work at Asaco?

Asaco has a workforce of 130 employees as of Apr 04, 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 Asaco Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Charges

    A charge registered on 20 Jun 2020 via Charge ID 100348226 with Others was fully satisfied on 21 Sep 2024.

  • Charges

    A charge with Others of Rs. 92.72 Cr registered on 02 Jan 2020 with Charge ID 100313470 was modified on 27 Jun 2024.

  • Annual General Meeting

    Asaco Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Asaco Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Charges

    A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100348226 was registered on 20 Jun 2020.

  • Charges

    A charge registered on 04 Jan 2016 via Charge ID 100038291 with Canara Bank was fully satisfied on 08 Jun 2020.

Frequently asked questions

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

    Asaco Private Limited was incorporated on 02 Apr 1969.

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

    The authorized share capital of Asaco Private Limited is ₹ 13.46 Cr and paid-up capital is ₹ 6.42 Cr.

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

    Currently 3 directors are associated with Asaco Private Limited.

    • Sunil Kumar Jain
    • Rajeshkumar Kothapalli
    • Pingali Venkateshwara Pratap

  • What is the registered address of Asaco Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Asaco Private Limited is Ground Floor Mrl House 6-3-663/B Behind Topaz Building, Punjagutta India, Khairatabad, Telangana, 500082.

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

    The corporate identification number (CIN) of Asaco Private Limited is U29100TG1969PTC003800 and the company number is 003800 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Asaco Private Limited?

    The Official website of Asaco Private Limited is https://www.asaco.in

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Asaco Private Limited has risen by 212.12%.

  • How many employees does Asaco Private Limited currently have?

    As Per 2023 financial reports, 130 employees are currently employed by Asaco Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Asaco Private Limited has experienced an upsurge of 46.11%.

  • What are the total open charges for Asaco Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Asaco Private Limited amount to ₹ 92.72 Cr.

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

    The most recent Balance Sheet for Asaco Private Limited was filed with the ROC on 31 Mar 2023.

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