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	Ace Micromatic Group					Country:	India
	7 & 8, 2d Phase, Peenya Industrial Area, Bangalore, Karnataka, India 560 058. Phone 91-80-2218 6700.
	http://www.acemicromatic.com/	Brands:	Ace, Micromatic, Pragati
	Privately held.
	Turning centers, machining centers, cylindrical grinders. Traces to Ace Designers (MT-design company) started 1979 and Micromatic Grinding (grinding shop) started 1973. Set up machining center subsidiary 1994. Claims 40% domestic-market share. U.S. subsidiary in Michigan; distributors in Europe and Australia.
	Values in Millions
	Fiscal Year Ended	Mar. 2008	Change	Mar. 2007	Change	Mar. 2006
	Total Revenue, rupees	6,141.9	-5%	6,485.1	50%	4,330.6
	M-T Revenue, rupees	6,141.9	-5%	6,485.1	50%	4,330.6
	Net Profit (Loss), rupees	not stated		not stated		not stated
	U.S. $ Conversion Factor	0.02484		0.02216		0.02266
	Total Revenue, U.S. $	152.6	6%	143.7	46%	98.1
	M-T Revenue, U.S. $	152.6	6%	143.7	46%	98.1
	Net Profit (Loss), U.S. $	not stated		not stated		not stated
	Financial Notes:
	Revenues are combined sales of Ace Designers Ltd. (lathes, chuckers, turning centers) 40%; Ace Mfg. Systems Ltd. (vert. & horiz. MCs) 27%; Micromatic Grinding Technologies Pvt. Ltd. (cylindr. grinders) 7%; Pragati Automation (tool turrets, ATCs) 12%; and others, 15%.