Ascent Circuits Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
as on 16-11-2024
- Paid Up Capital ₹ 1.56 Cr
as on 16-11-2024
- Company Age 25 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 232.58 Cr
as on 16-11-2024
- Satisfied Charges ₹ 100.95 Cr
as on 16-11-2024
- Revenue 22.91%
(FY 2023)
- Profit 91.44%
(FY 2023)
- Ebitda 75.02%
(FY 2023)
- Net Worth 19.21%
(FY 2023)
- Total Assets 18.32%
(FY 2023)
About Ascent Circuits
The Corporate was formerly known as Ric Circuts Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 2.50 Cr and a paid-up capital of Rs 1.56 Cr.
The company currently has active open charges totaling ₹232.58 Cr. The company has closed loans amounting to ₹100.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mampra Thomas, Sanjay Arora, Daljit Singh, and Four other members serve as directors at the Company.
- CIN/LLPIN
U31200KA1999PTC024700
- Company No.
024700
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
01 Feb 1999
- Date of AGM
02 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Ascent Circuits Private Limited offer?
Ascent Circuits Private Limited offers a wide range of products and services, including Electric Circuit Components & Spares, Circuit Board, PCB Modules and Circuit Boards, Bare PCB, PCB Circuit, Single PCB, Multilayer PCB, Aluminum PCB.
Who are the key members and board of directors at Ascent Circuits?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manjunath Punyamurthy  | Managing Director | 01-Feb-1999 | Current |
Board Members(6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Simran Singh | Director | 15-Jun-2024 | Current |
| Sanjay Arora | Director | Current | |
| Mampra Thomas | Director | 26-Oct-2016 | Current |
| Daljit Singh | Director | Current | |
| Prakash Iyer | Director | 15-Jun-2024 | Current |
| Jasbir Singh | Director | Current |
Financial Performance and Corporate Structure Insights of Ascent Circuits.
Ascent Circuits Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.91% increase. The company also saw a substantial improvement in profitability, with a 91.44% increase in profit. The company's net worth Soared by an impressive increase of 19.21%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ascent Circuits?
In 2023, Ascent Circuits had a promoter holding of 97.50% and a public holding of 2.50%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ever Electronics Private LimitedActive 20 years 4 monthsDaljit Singh, Prakash Iyer and 1 more are mutual person
Picl (India) Private LimitedActive 30 years 3 monthsDaljit Singh and Jasbir Singh are mutual person
Il Jin Electronics (India) Private LimitedActive 23 years 3 monthsSanjay Arora, Daljit Singh and 1 more are mutual person
Amber Enterprises India LimitedActive 34 years 8 monthsDaljit Singh and Jasbir Singh are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 19 Jun 2024 | ₹2.00 M | Open |
Hdfc Bank Limited Creation Date: 11 Mar 2019 | ₹232.38 Cr | Open |
Others Creation Date: 21 Dec 2018 | ₹10.00 Cr | Satisfied |
How Many Employees Work at Ascent Circuits?
Ascent Circuits has a workforce of 172 employees as of Apr 06, 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 Ascent Circuits, 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 Circuits'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.
