Fixed Asset Management for
Plants & Multi-Facility Ops
Track plant machinery, production equipment, tools, IT assets, and infrastructure across multiple factories — with AMC management, repair workflows, and Companies Act depreciation.
What goes wrong when manufacturing companies manage assets without a system
In a plant with hundreds of machines and thousands of tools, informal asset management creates operational and financial problems that compound over time.
Plant machinery is depreciated incorrectly because register is outdated
Plant assets are added, transferred between production lines, moved to other facilities, or retired — and none of it gets updated in the fixed asset register promptly. Year-end, CAs find machines fully depreciated that are still in use, and newly purchased equipment uncapitalised.
AMC contracts expire without anyone noticing
A CNC machine goes out of AMC coverage in March. Nobody notices until it breaks down in August. The repair without AMC costs five times what renewal would have cost. Unnoticed lapses become a significant annual cost leakage.
Machinery sent for repair has no tracking after leaving plant
An asset leaves the plant for external repair. There is no formal record of when it left, which vendor received it, or expected return date. Maintenance teams scramble to reconstruct records from old emails and vendor invoices.
Inter-plant asset transfers create register discrepancies
A forklift is moved from Plant A to Plant B for a month. It never moves back. Plant A's register still shows it while Plant B has never added it. Physical verification at both plants creates confusion and statutory audit flags.
Cost audit requires data that nobody can produce quickly
The cost auditor requires the plant-wise fixed asset register, depreciation schedule, asset utilisation data, and maintenance cost per asset. Compiling from ERP, Excel, and workshop notes takes weeks and remains incomplete.
Gate passes for outward movement are paper-based and untracked
When assets leave the factory on paper gate passes, they get filed and forgotten. When a dispute arises six months later about whether an asset was returned, nobody can find the paper gate pass.
Every module your plant and finance teams need
AssetsTrak covers the full asset lifecycle for manufacturing operations — from capital purchase to scrap disposal.
Plant-wise, Shop Floor & Machine-level Register
Organise your asset register by plant, shop floor, production line, cost centre, and machine number. Drill from a company-wide view down to a single machine's complete record with purchase, AMC, and depreciation history.
AMC Expiry Tracking & Renewal Alerts
Every asset can have its AMC contract details — vendor, start date, end date, scope, and cost — attached and tracked. The system alerts the relevant manager before AMC expiry so renewals are proactive.
Repair Send-out & Return Workflow
Create formal repair records: vendor name, send-out date, reason, expected return date, and estimated cost. The asset is flagged as "Under Repair" in the register and tracked until return with condition notes.
Returnable & Non-Returnable Gate Passes
Generate digital gate passes directly for any outward asset movement. Returnable gate passes track expected return dates and alert on overdue returns, replacing unsearchable paper slips.
Companies Act Schedule II Depreciation
Apply exact depreciation rates from Schedule II of the Companies Act, 2013 across plant machinery, electrical installations, factory buildings, and vehicles using WDV or SLM methods.
QR Code & Rugged RFID Rapid Verification
Affix durable QR code or metallic RFID labels to all plant assets. Maintenance staff and security scan with the mobile app to verify assets or report defects directly from the shop floor.
How AssetsTrak handles a CNC machine repair and return at a plant
Spreadsheet Chaos & Missing Documentation
A CNC machine makes unusual noise. The supervisor calls the vendor who collects it on a paper challan. Six weeks later, the cost auditor asks for the repair register — which assets went out, when, to which vendor, at what cost, and when they returned. The supervisor reconstructs from memory. Two assets are missing from the record and an audit query is raised.
Mobile QR Scan & Automated Audit Trail
The supervisor scans the CNC machine's QR code from the shop floor using the mobile app, selects "Send for Repair," enters vendor details, and generates a digital gate pass. When returned, a scan marks it "Returned" with condition notes and service invoices attached. Cost auditor receives a pristine digital audit trail in 1 click.
Compliance requirements for Indian manufacturing companies
AssetsTrak directly addresses the reporting and documentation requirements that manufacturing companies face during statutory audit, cost audit, and factory inspections.
Questions manufacturing teams ask about AssetsTrak
See AssetsTrak for your manufacturing operations
We'll show you a live demo configured for manufacturing — plant-wise register, AMC tracking, repair workflow, and cost audit reports.