Allied Recycling Profile
Key Indicators
- Authorised Capital ₹ 11.50 Cr
- Paid Up Capital ₹ 9.72 Cr
- Company Age 21 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 49.18 Cr
- Satisfied Charges ₹ 42.42 Cr
- Revenue Growth 19.94%
- Profit Growth 7.88%
- Ebitda -3.70%
- Net Worth 13.17%
- Total Assets 16.31%
About Allied Recycling
Allied Recycling Limited (ARL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 December 2003 and has a history of 21 years and two months. Its registered office is in Ludhiana, Punjab, India.
The Corporate was formerly known as Allied Recycling Private Limited. The Company is engaged in the Manufacturing 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 11.50 Cr and a paid-up capital of Rs 9.72 Cr.
The company currently has active open charges totaling ₹49.18 Cr. The company has closed loans amounting to ₹42.42 Cr, as per Ministry of Corporate Affairs (MCA) records.
Santosh Abrol, Savinay Garg, Sanjay Garg, and Six other members serve as directors at the Company.
Company Details
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Location
Ludhiana, Punjab, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U27100PB2003PLC026583
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Company No.
026583
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
02 Dec 2003
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chandigarh
Industry
What products or services does Allied Recycling Limited offer?
Allied Recycling Limited offers a wide range of products and services, including Steel & Stainless Steel Products, Steel Products.
Who are the key members and board of directors at Allied Recycling?
Executive Team (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Santosh Abrol
|
Managing Director | 02-Dec-2003 | Current |
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Savinay Garg
|
Managing Director | 23-Apr-2004 | Current |
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Sanjay Garg
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Managing Director | 23-Apr-2004 | Current |
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Hitesh Abrol
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Managing Director | 02-Dec-2003 | Current |
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Krishan Vallabh
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Managing Director | 21-Aug-2021 | Current |
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Vandana Abrol
|
Managing Director | 01-Jul-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Amandeep Kaur
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Director | 01-Apr-2023 | Current |
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Surinder Garg
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Director | 23-Apr-2004 | Current |
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Pooja Miglani
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Director | 26-Jul-2021 | Current |
Financial Performance of Allied Recycling.
Allied Recycling Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.94% increase. The company also saw a slight improvement in profitability, with a 7.88% increase in profit. The company's net worth Soared by an impressive increase of 13.17%.
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What is the Ownership and Shareholding Structure of Allied Recycling?
In 2023, Allied Recycling had a promoter holding of 66.66% and a public holding of 33.34%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Progressive Dairy Solutions LimitedAmandeep Kaur and Pooja Miglani are mutual person
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Garg Furnace LimitedAmandeep Kaur is a mutual person
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Ducturus Resolution Professionals Private LimitedPooja Miglani is a mutual person
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Dolfin Rubbers LimitedAmandeep Kaur is a mutual person
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Krishan Multimetals & Alloys Private LimitedSavinay Garg, Sanjay Garg and 2 more are mutual person
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Allied Multimetals & Alloys Private LimitedSantosh Abrol, Hitesh Abrol and 1 more are mutual person
Charges (Loans)
₹49.18 Cr
₹42.42 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 40.75 Cr
- Axis Bank Limited : 8.20 Cr
- Hdfc Bank Limited : 0.24 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 May 2024 | Axis Bank Limited | ₹4.50 Cr | Open |
| 07 Aug 2023 | Axis Bank Limited | ₹3.70 Cr | Open |
| 12 Jul 2022 | Hdfc Bank Limited | ₹2.40 M | Open |
| 24 Feb 2012 | State Bank Of India | ₹40.75 Cr | Open |
| 22 Feb 2023 | Axis Bank Limited | ₹2.10 Cr | Satisfied |
How Many Employees Work at Allied Recycling?
Allied Recycling has a workforce of 75 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Allied Recycling, 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 Allied Recycling'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.
