Ascent Meditech Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 1.20 Cr
- Company Age 12 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 92.43 Cr
- Satisfied Charges ₹ 35.73 Cr
- Revenue Growth 15.13%
- Profit Growth -86.33%
- Ebitda 21.59%
- Net Worth 0.77%
- Total Assets -1.12%
About Ascent Meditech
Ascent Meditech Limited (AML) is a leading Public Limited Indian Non-Government Company incorporated in India on 12 June 2012 and has a history of 12 years and seven months. Its registered office is in Valsad, Gujarat, India.
The Company is engaged in the Healthcare 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 3.00 Cr and a paid-up capital of Rs 1.20 Cr.
The company currently has active open charges totaling ₹92.43 Cr. The company has closed loans amounting to ₹35.73 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ascent Meditech Limited India is Shyam Krishnan as CFO. Ajaykumar Shah, Rajesh Dalal, Setu Parikh, and Three other members serve as directors at the Company.
Company Details
- Location
Valsad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U33110GJ2012PLC126535
- Company No.
000404
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 Jun 2012
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Ascent Meditech Limited offer?
Ascent Meditech Limited offers a wide range of products and services, including Orthopedic Equipment & Supplies, Upper Body Orthotic Devices, Raw and Processed Leather, Leather Fabric, Surgical & Medical Consumables, Ice Packs, Health Conditions, Pain Relief.
Who are the key members and board of directors at Ascent Meditech?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shyam Krishnan | CFO | 08-Sep-2021 | Current |
Rajiv Mistry  | Managing Director | 12-Jun-2012 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajesh Dalal | Director | 21-Aug-2023 | Current |
| Setu Parikh | Director | 16-Aug-2017 | Current |
| Ajaykumar Shah | Director | 12-Jun-2012 | Current |
| Vikram Popli | Nominee Director | 29-Jun-2021 | Current |
Felix Olale  | Nominee Director | 18-Mar-2021 | Current |
Financial Performance of Ascent Meditech.
Ascent Meditech Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 15.13% increase. The company also saw a substantial fall in profitability, with a 86.33% decrease in profit. The company's net worth moved up by a moderate rise of 0.77%.
- 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 Meditech?
In 2023, Ascent Meditech had a promoter holding of 41.33% and a public holding of 58.67%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Yamuna Machine Works LimitedSetu Parikh is a mutual person
Gartels Werke LimitedAjaykumar Shah is a mutual person
Birthstone Beverage Union Private LimitedAjaykumar Shah is a mutual person
Ajanta Pharma LimitedRajesh Dalal is a mutual person
Entero Healthcare Solutions LimitedRajesh Dalal is a mutual person
Biogenomics LimitedRajesh Dalal is a mutual person
Charges (Loans)
₹92.43 Cr
₹35.73 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 47.58 Cr
- Hdfc Bank Limited : 34.25 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 10.00 Cr
- Others : 0.60 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2022 | The Hongkong And Shanghai Banking Corporation Limited | ₹10.00 Cr | Open |
| 06 May 2021 | Hdfc Bank Limited | ₹34.25 Cr | Open |
| 03 Oct 2019 | Axis Bank Limited | ₹47.58 Cr | Open |
| 21 Feb 2019 | Others | ₹6.00 M | Open |
| 28 Oct 2017 | Others | ₹0.80 M | Satisfied |
How Many Employees Work at Ascent Meditech?
Ascent Meditech has a workforce of 1384 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ascent Meditech, 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 Meditech'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.
