Asco Switchgears Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 1.90 M
- Company Age 24 Year, 26 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 16.99 Cr
- Revenue Growth 92.19%
- Profit Growth 694.62%
- Ebitda 131.52%
- Net Worth 275.95%
- Total Assets 115.04%
About Asco Switchgears
Asco Switchgears Private Limited (ASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 March 2001 and has a history of 24 years. Its registered office is in Punjab, Punjab.
The Company is engaged in the Consumer Electronics & Durables 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 M and a paid-up capital of Rs 1.90 M.
The company currently has active open charges totaling ₹16.99 Cr.
Anil Gupta, Aviral Gupta, Sarika Gupta, and Three other members serve as directors at the Company.
Company Details
- Location Punjab, Punjab
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31200PB2001PTC024297
- Company No.
024297
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Mar 2001
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Consumer Electronics & Durables
What products or services does Asco Switchgears Private Limited offer?
Asco Switchgears Private Limited offers a wide range of products and services, including Electrical Panels & Distribution Box, Busbar Systems, Fuses, Circuit Breakers & Components, Current Limiting and Changeover Devices, Switch Fuse Unit, Flood Lights, LED Floodlight, Fuse Holders, HRC Fuse Link, LED Lights.
Asco Switchgears Private Limited
Explore comprehensive data for Asco Switchgears Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Asco Switchgears?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajay Gupta  | Managing Director | 29-Mar-2001 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Anuj Gupta | Director | 24-Jan-2022 | Current |
| Anil Gupta | Director | 29-Mar-2001 | Current |
| Aviral Gupta | Additional Director | 24-Apr-2023 | Current |
| Sarika Gupta | Director | 16-Jul-2018 | Current |
| Savita Gupta | Director | 16-Jul-2018 | Current |
Financial Performance of Asco Switchgears.
Asco Switchgears Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 92.19% increase. The company also saw a substantial improvement in profitability, with a 694.62% increase in profit. The company's net worth Soared by an impressive increase of 275.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Asco Switchgears?
In 2023, Asco Switchgears had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
3F Construction Private LimitedAnil Gupta is a mutual person
Charges (Loans)
Open Charges
₹169.90 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 10.00 Cr
- Canara Bank : 6.99 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jan 2023 | Others | ₹10.00 Cr | Open |
| 21 Jan 2022 | Canara Bank | ₹4.90 Cr | Open |
| 24 Sep 2018 | Canara Bank | ₹0.95 M | Open |
| 22 Oct 2013 | Canara Bank | ₹2.00 Cr | Open |
How Many Employees Work at Asco Switchgears?
Unlock and access historical data on people associated with Asco Switchgears, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Asco Switchgears, 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 Asco Switchgears'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 Asco Switchgears
Recent activity within the organization
- Annual General Meeting
Asco Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Asco Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Director Appointment
Aviral Gupta was appointed as a Additional Director was appointed as a Additional Director on 24 Apr 2023 & has been associated with this company since 2 years 1 day .
- Charges
A charge with Others amounted to Rs. 100.00 M with Charge ID 100686568 was registered on 12 Jan 2023.
- Charges
A charge with Canara Bank amounted to Rs. 49.00 M with Charge ID 100543523 was registered on 21 Jan 2022.
- Charges
A charge with Canara Bank of Rs. 19.95 M registered on 22 Oct 2013 with Charge ID 10459743 was modified on 30 Mar 2021.
Frequently asked questions
What is the Incorporation or founding date of Asco Switchgears Private Limited?
Asco Switchgears Private Limited was incorporated on 29 Mar 2001.
What is authorized share capital and paid-up capital of Asco Switchgears Private Limited?
The authorized share capital of Asco Switchgears Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.90 M.
Who are the current board members & directors of Asco Switchgears Private Limited?
Currently 6 directors are associated with Asco Switchgears Private Limited.
- Anil Kumar Gupta
- Aviral Gupta
- Sarika Gupta
- Anuj Gupta
- Savita Gupta
- Ajay Gupta
What is the registered address of Asco Switchgears Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Asco Switchgears Private Limited is Patel Nagarjalandhar Road Kapurthala India, Punjab.
What is the corporate identification number (CIN) and company number of Asco Switchgears Private Limited?
The corporate identification number (CIN) of Asco Switchgears Private Limited is U31200PB2001PTC024297 and the company number is 024297 as per Ministry of Corporate Affairs (MCA).
What is the official website of Asco Switchgears Private Limited?
The Official website of Asco Switchgears Private Limited is https://www.ascoswitchgears.com
What has been the recent revenue trend for Asco Switchgears Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Asco Switchgears Private Limited has risen by 92.19%.
What change has been observed in the net worth of Asco Switchgears Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Asco Switchgears Private Limited has experienced an upsurge of 275.95%.
What are the total open charges for Asco Switchgears Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Asco Switchgears Private Limited amount to ₹ 16.99 Cr.
When was the last Balance Sheet of Asco Switchgears Private Limited filed with the ROC?
The most recent Balance Sheet for Asco Switchgears Private Limited was filed with the ROC on 31 Mar 2024.
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