Ascent Meditech Limited

Manufacturer of orthopedic rehabilitation and healthcare products, including heating pads and knee caps.

2012 | Valsad, Gujarat (India) | Active
Last Updated:

Ascent Meditech Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 1.20 Cr
  • Company Age 12 Year, 8 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 eight 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

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

Healthcare

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)

NameDesignationAppointment DateStatus
Shyam Krishnan CFO08-Sep-2021Current
Rajiv Mistry Country flag representing In Managing Director12-Jun-2012Current

Board Members (5)

NameDesignationAppointment DateStatus
Rajesh Dalal Country flag representing In Director 21-Aug-2023Current
Setu Parikh Country flag representing In Director 16-Aug-2017Current
Ajaykumar Shah Country flag representing In Director 12-Jun-2012Current
Vikram Popli Country flag representing In Nominee Director 29-Jun-2021Current
Felix Olale Country flag representing Ke Nominee Director 18-Mar-2021Current

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%.

Ascent Meditech revenue growth over time
Ascent Meditech 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
15.13%
Revenue from Operations
17.51%
Total Assets
-1.12%
Profit or Loss
-86.33%
Net Worth
0.77%
EBITDA
21.59%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹92.43 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
31 Oct 2022The Hongkong And Shanghai Banking Corporation Limited₹10.00 CrOpen
06 May 2021Hdfc Bank Limited₹34.25 CrOpen
03 Oct 2019Axis Bank Limited₹47.58 CrOpen
21 Feb 2019Others₹6.00 MOpen
28 Oct 2017Others₹0.80 MSatisfied

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.

Employee growth trends for Ascent Meditech Limited

Deals i

Graph showing company valuation over time

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

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 Meditech

Recent activity within the organization

  • Annual General Meeting

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

  • Director Appointment

    Rajesh Shashikant Dalal was appointed as a Director was appointed as a Director on 21 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Balance Sheet

    Ascent Meditech Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 10.00 Cr with Charge ID 100664564 was registered on 31 Oct 2022.

  • Charges

    A charge with Axis Bank Limited of Rs. 47.58 Cr registered on 03 Oct 2019 with Charge ID 100297601 was modified on 28 Mar 2022.

  • Charges

    A charge registered on 28 Oct 2017 via Charge ID 100151291 with Others was fully satisfied on 01 Feb 2022.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Ascent Meditech Limited?

    Ascent Meditech Limited was incorporated on 12 Jun 2012.

  • What is authorized share capital and paid-up capital of Ascent Meditech Limited?

    The authorized share capital of Ascent Meditech Limited is ₹ 3.00 Cr and paid-up capital is ₹ 1.20 Cr.

  • Who are the current board members & directors of Ascent Meditech Limited?

    Currently 7 directors are associated with Ascent Meditech Limited.

    • Ajaykumar Gunvantrai Shah
    • Rajesh Shashikant Dalal
    • Setu Rushi Parikh
    • Vikram Popli
    • Shyam S Krishnan
    • Felix Andy Awili Olale
    • Rajiv Ishwarbhai Mistry

  • What is the registered address of Ascent Meditech Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ascent Meditech Limited is Block/Survey No.1545/1548/1549/1550/1561/ 1562/1563/1564 66 Kva Road, India, Dungri, Gujarat, 396375.

  • What is the corporate identification number (CIN) and company number of Ascent Meditech Limited?

    The corporate identification number (CIN) of Ascent Meditech Limited is U33110GJ2012PLC126535 and the company number is 000404 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ascent Meditech Limited?

    The Official website of Ascent Meditech Limited is https://www.ascentmeditech.com

  • What has been the recent revenue trend for Ascent Meditech Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Ascent Meditech Limited has risen by 15.13%.

  • How many employees does Ascent Meditech Limited currently have?

    As Per 2023 financial reports, 1384 employees are currently employed by Ascent Meditech Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Ascent Meditech Limited has experienced an upsurge of 0.77%.

  • What are the total open charges for Ascent Meditech Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Ascent Meditech Limited amount to ₹ 92.43 Cr.

  • When was the last Balance Sheet of Ascent Meditech Limited filed with the ROC?

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

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