Ascent Staffing Solutions Private Limited

Provides temporary staffing solutions and offers recruitment and training services for shared services.

2008 | Bangaluru, Karnataka (India) | Active
Last Updated: January 18, 2025

Ascent Staffing Solutions Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 16 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.07 Cr
  • Satisfied Charges ₹ 6.00 Cr
  • Revenue Growth -4.49%
  • Profit Growth 27.88%
  • Ebitda 32.77%
  • Net Worth 39.45%
  • Total Assets 26.68%

About Ascent Staffing Solutions

Ascent Staffing Solutions Private Limited (ASSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 May 2008 and has a history of 16 years and eight months. Its registered office is in Bangaluru, Karnataka, India.

The Corporate was formerly known as Ascent Technovations (India) Private Limited. The Company is engaged in the Business Outsourcing 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 0.50 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹3.07 Cr. The company has closed loans amounting to ₹6.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Subramanyam Sreenivasaiah, Geeta Lachireddy, Keshav Chander, and One other member serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74910KA2008PTC046624

  • Company No.

    046624

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 May 2008

  • Date of AGM

    27 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Business Outsourcing

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

Board Members (4)

Name Designation Appointment Date Status
Subramanyam Sreenivasaiah Country flag representing In Director 30-May-2008 Current
Keshav Chander Country flag representing In Director 13-Sep-2013 Current
Geeta Lachireddy Country flag representing In Director 30-May-2008 Current
Surendra Arava Country flag representing In Director 13-Oct-2017 Current

Financial Performance of Ascent Staffing Solutions.

Ascent Staffing Solutions Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.49% decrease. The company also saw a substantial improvement in profitability, with a 27.88% increase in profit. The company's net worth Soared by an impressive increase of 39.45%.

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
-4.49%
Revenue from Operations
-4.65%
Total Assets
26.68%
Profit or Loss
27.88%
Net Worth
39.45%
EBITDA
32.77%

What is the Ownership and Shareholding Structure of Ascent Staffing Solutions?

In 2023, Ascent Staffing Solutions 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

₹30.68 M

Satisfied Charges

₹60.00 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 3.07 Cr

Latest Charge Details

Date Lender Amount Status
18 Nov 2014 Hdfc Bank Limited ₹3.07 Cr Open
23 Apr 2018 Hdfc Bank Limited ₹1.50 Cr Satisfied
03 Feb 2014 Citibank N. A. ₹4.50 Cr Satisfied

How Many Employees Work at Ascent Staffing Solutions?

Ascent Staffing Solutions has a workforce of 3559 employees as of Apr 07, 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 Staffing Solutions, 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 Staffing Solutions'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 Staffing Solutions

Recent activity within the organization

  • Annual General Meeting

    Ascent Staffing Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.

    27 Sep 2023

  • Balance Sheet

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

    31 Mar 2023

  • Charges

    A charge registered on 23 Apr 2018 via Charge ID 100173024 with Hdfc Bank Limited was fully satisfied on 04 Mar 2021.

    04 Mar 2021

  • Charges

    A charge with Hdfc Bank Limited of Rs. 30.68 M registered on 18 Nov 2014 with Charge ID 10540909 was modified on 04 Mar 2021.

    04 Mar 2021

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 15.00 M with Charge ID 100173024 was registered on 23 Apr 2018.

    23 Apr 2018

  • Director Appointment

    Surendra Arava was appointed as a Director was appointed as a Director on 13 Oct 2017 & has been associated with this company since 7 years 3 months .

    13 Oct 2017

Frequently asked questions

  • Ascent Staffing Solutions Private Limited was incorporated on 30 May 2008.

  • The authorized share capital of Ascent Staffing Solutions Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 4 directors are associated with Ascent Staffing Solutions Private Limited.

    • Subramanyam Sreenivasaiah
    • Geeta Lachireddy
    • Keshav Chander
    • Surendra Arava
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ascent Staffing Solutions Private Limited is Maruthi Chambers Main Building 3Rd Floor Survey No.17/ 4C 9C Roopena Agrahara Hosur Roa D, India, Bangalore, Karnataka, 560068.

  • The corporate identification number (CIN) of Ascent Staffing Solutions Private Limited is U74910KA2008PTC046624 and the company number is 046624 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ascent Staffing Solutions Private Limited is https://www.ascenthrstaffing.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Ascent Staffing Solutions Private Limited has fallen by -4.49%.

  • As Per 2023 financial reports, 3559 employees are currently employed by Ascent Staffing Solutions Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Ascent Staffing Solutions Private Limited has experienced an upsurge of 39.45%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Ascent Staffing Solutions Private Limited amount to ₹ 3.07 Cr.

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