Ascent Circuits Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
- Paid Up Capital ₹ 1.56 Cr
- Company Age 26 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 232.58 Cr
- Satisfied Charges ₹ 100.95 Cr
- Revenue Growth 22.91%
- Profit Growth 91.44%
- Ebitda 75.02%
- Net Worth 19.21%
- Total Assets 18.32%
About Ascent Circuits
Ascent Circuits Private Limited (ACPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 February 1999 and has a history of 26 years and one month. Its registered office is in Bangaluru, Karnataka, India.
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.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Information Technology
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 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
| Metrics |
| (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 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 LimitedDaljit Singh, Prakash Iyer and 1 more are mutual person
Picl (India) Private LimitedSanjay Arora and Daljit Singh are mutual person
Nrv Designx Private LimitedPrakash Iyer is a mutual person
Il Jin Electronics (India) Private LimitedSanjay Arora, Daljit Singh and 1 more are mutual person
Onedios Services Private LimitedPrakash Iyer is a mutual person
Amber Enterprises India LimitedDaljit Singh, Prakash Iyer and 1 more are mutual person
Charges (Loans)
Open Charges
₹232.58 Cr
Satisfied Charges
₹100.95 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 232.58 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jun 2024 | Hdfc Bank Limited | ₹2.00 M | Open |
| 11 Mar 2019 | Hdfc Bank Limited | ₹232.38 Cr | Open |
| 21 Dec 2018 | Others | ₹10.00 Cr | Satisfied |
| 05 Feb 2013 | Others | ₹49.95 Cr | Satisfied |
| 16 May 2005 | State Bank Of India | ₹2.00 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.
Latest Updates, News, and FAQs on Ascent Circuits
Recent activity within the organization
- Annual General Meeting
Ascent Circuits Private Limited last Annual general meeting of members was held on 02 Aug 2024 as per latest MCA records.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100975736 was registered on 19 Jun 2024.
- Director Appointment
Simran Singh was appointed as a Director was appointed as a Director on 15 Jun 2024 & has been associated with this company since 8 months 26 days .
- Director Appointment
Prakash Iyer was appointed as a Director was appointed as a Director on 15 Jun 2024 & has been associated with this company since 8 months 26 days .
- Balance Sheet
Ascent Circuits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Hdfc Bank Limited of Rs. 232.38 Cr registered on 11 Mar 2019 with Charge ID 100249754 was modified on 15 Jun 2023.
Recent News, Updates & Announcement
Amber Group to acquire majority stake in PCB maker Ascent Circuit | Technology.Amber Group a homegrown contract manufacturer for HVAC and consumer electronics on Wednesday said it will acquire a majority stake in Ascent Circuit.
Frequently asked questions
What is the Incorporation or founding date of Ascent Circuits Private Limited?
Ascent Circuits Private Limited was incorporated on 01 Feb 1999.
What is authorized share capital and paid-up capital of Ascent Circuits Private Limited?
The authorized share capital of Ascent Circuits Private Limited is ₹ 2.50 Cr and paid-up capital is ₹ 1.56 Cr.
Who are the current board members & directors of Ascent Circuits Private Limited?
Currently 7 directors are associated with Ascent Circuits Private Limited.
- Mampra Chacko Thomas
- Sanjay Arora
- Daljit Singh
- Simran Singh
- Prakash Iyer
- Manjunath Punyamurthy
- Jasbir Singh
What is the registered address of Ascent Circuits Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ascent Circuits Private Limited is B-13 I.T.I. Industrial Estatemahadevpur, India, Bangalore., Karnataka, 560048.
What is the corporate identification number (CIN) and company number of Ascent Circuits Private Limited?
The corporate identification number (CIN) of Ascent Circuits Private Limited is U31200KA1999PTC024700 and the company number is 024700 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ascent Circuits Private Limited?
The Official website of Ascent Circuits Private Limited is https://www.ascentcircuits.com
What has been the recent revenue trend for Ascent Circuits Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Ascent Circuits Private Limited has risen by 22.91%.
How many employees does Ascent Circuits Private Limited currently have?
As Per 2023 financial reports, 172 employees are currently employed by Ascent Circuits Private Limited.
What change has been observed in the net worth of Ascent Circuits Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Ascent Circuits Private Limited has experienced an upsurge of 19.21%.
What are the total open charges for Ascent Circuits Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Ascent Circuits Private Limited amount to ₹ 232.58 Cr.
When was the last Balance Sheet of Ascent Circuits Private Limited filed with the ROC?
The most recent Balance Sheet for Ascent Circuits Private Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Arvind AroorDirectorSG
Shankarram GopalanDirector