Ascent Business Solutions India Private Limited

Provides IT solutions and back-office services including payroll, revenue accounting, insurance claims, and voice services.

2011 | Nagpur, Maharashtra (India) | Active
Last Updated: June 16, 2024

Ascent Business Solutions India Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 13 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.13 Cr
  • Revenue Growth -13.31%
  • Profit Growth -17.62%
  • Ebitda -19.78%
  • Net Worth 9.98%
  • Total Assets 6.80%

About Ascent Business Solutions India

Ascent Business Solutions India Private Limited (ABSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 March 2011 and has a history of 13 years and ten months. Its registered office is in Nagpur, Maharashtra, India.

The Company is engaged in the Information Technology 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 1.00 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹1.13 Cr.

Avinashchandra Kapoor, Ajay Kapoor, and Rajat Kapoor serve as directors at the Company.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ascent-group.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72300MH2011PTC215404

  • Company No.

    215404

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Mar 2011

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology
Business Outsourcing

Who are the key members and board of directors at Ascent Business Solutions India?

Board Members (3)

NameDesignationAppointment DateStatus
Avinashchandra Kapoor Country flag representing In Director 28-Mar-2011Current
Ajay Kapoor Country flag representing In Director 28-Mar-2011Current
Rajat Kapoor Country flag representing In Director 28-Mar-2011Current

Financial Performance of Ascent Business Solutions India.

Ascent Business Solutions India Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.31% decrease. The company also saw a substantial fall in profitability, with a 17.62% decrease in profit. The company's net worth moved up by a moderate rise of 9.98%.

Graph illustrating revenue growth over time
Graph showing 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
-13.31%
Revenue from Operations
-13.84%
Total Assets
6.80%
Profit or Loss
-17.62%
Net Worth
9.98%
EBITDA
-19.78%

What is the Ownership and Shareholding Structure of Ascent Business Solutions India?

In 2023, Ascent Business Solutions India 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

₹11.33 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 1.13 Cr

Latest Charge Details

DateLenderAmountStatus
29 Oct 2022Others₹1.13 CrOpen

How Many Employees Work at Ascent Business Solutions India?

Ascent Business Solutions India has a workforce of 62 employees as of Apr 08, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ascent Business Solutions India, 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 Ascent Business Solutions India'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 Ascent Business Solutions India

Recent activity within the organization

  • Annual General Meeting

    Ascent Business Solutions India Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Ascent Business Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 11.33 M with Charge ID 100643607 was registered on 29 Oct 2022.

    29 Oct 2022

  • Director Appointment

    Avinashchandra Chamanlal Kapoor was appointed as a Director was appointed as a Director on 28 Mar 2011 & has been associated with this company since 13 years 10 months .

    28 Mar 2011

  • Director Appointment

    Ajay Kapoor was appointed as a Director was appointed as a Director on 28 Mar 2011 & has been associated with this company since 13 years 10 months .

    28 Mar 2011

  • Director Appointment

    Rajat Kapoor was appointed as a Director was appointed as a Director on 28 Mar 2011 & has been associated with this company since 13 years 10 months .

    28 Mar 2011

Recent News, Updates & Announcement

Frequently asked questions

  • Ascent Business Solutions India Private Limited was incorporated on 28 Mar 2011.

  • The authorized share capital of Ascent Business Solutions India Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Ascent Business Solutions India Private Limited.

    • Avinashchandra Chamanlal Kapoor
    • Ajay Kapoor
    • Rajat Kapoor
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ascent Business Solutions India Private Limited is Plot No. 22 It Park Opp. Vnit Campus South Ambazari Road, Nagpur, Maharashtra, India, 440022.

  • The corporate identification number (CIN) of Ascent Business Solutions India Private Limited is U72300MH2011PTC215404 and the company number is 215404 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ascent Business Solutions India Private Limited is https://www.ascent-group.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Ascent Business Solutions India Private Limited has fallen by -13.31%.

  • As Per 2023 financial reports, 62 employees are currently employed by Ascent Business Solutions India Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Ascent Business Solutions India Private Limited has experienced an upsurge of 9.98%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Ascent Business Solutions India Private Limited amount to ₹ 1.13 Cr.

  • The most recent Balance Sheet for Ascent Business Solutions India Private Limited was filed with the ROC on 31 Mar 2023.