Asco Switchgears Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
as on 16-11-2024
- Paid Up Capital ₹ 1.90 M
as on 16-11-2024
- Company Age 23 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 16.99 Cr
as on 16-11-2024
- Revenue 92.19%
(FY 2023)
- Profit 694.62%
(FY 2023)
- Ebitda 131.52%
(FY 2023)
- Net Worth 275.95%
(FY 2023)
- Total Assets 115.04%
(FY 2023)
About Asco Switchgears
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.
- 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
Company Details
- LocationPunjab, Punjab
- Telephone
- Email Address
- Website
- Social Media
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.
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
| Metric |
| (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 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)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 12 Jan 2023 | ₹10.00 Cr | Open |
Canara Bank Creation Date: 21 Jan 2022 | ₹4.90 Cr | Open |
Canara Bank Creation Date: 24 Sep 2018 | ₹0.95 M | 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.
