Ardee Drives Private Limited
Manufactures and trades gearboxes since 1998, based in Hyderabad, Telangana.
1998 | Medak, Telangana (India) | Active
Ardee Drives Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.17 Cr
- Company Age 27 Year, 2 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.00 Cr
- Satisfied Charges ₹ 3.03 Cr
- Revenue Growth 401.29%
- Profit Growth 1984.86%
- Ebitda 1172.08%
- Net Worth 35.07%
- Total Assets 1120.63%
About Ardee Drives
Ardee Drives Private Limited (ADPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 May 1998 and has a history of 27 years. Its registered office is in Medak, Telangana, India.
The Corporate was formerly known as Balaji Drives Limited. The Company is engaged in the Machinery And Equipment 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 2.00 Cr and a paid-up capital of Rs 1.17 Cr.
The company currently has active open charges totaling ₹5.00 Cr. The company has closed loans amounting to ₹3.03 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ragdeep Moturu, Sundararama Gorrepati, Rahul Kuchakulla, and One other member serve as directors at the Company.
Company Details
- Location
Medak, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U21011TG1998PTC029451
- Company No.
029451
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 May 1998
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Machinery and Equipment
Ardee Drives Private Limited
Explore comprehensive data for Ardee Drives Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ardee Drives?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rahul Kuchakulla  | Managing Director | 05-Apr-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ragdeep Moturu | Director | 15-Nov-2019 | Current |
| Sundararama Gorrepati | Director | 20-Apr-2023 | Current |
| Chandra Moturu | Director | 15-Nov-2019 | Current |
Financial Performance of Ardee Drives.
Ardee Drives Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 401.29% increase. The company also saw a substantial improvement in profitability, with a 1984.86% increase in profit. The company's net worth Soared by an impressive increase of 35.07%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ardee Drives?
In 2023, Ardee Drives 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)
Rotec Transmissions Private LimitedRagdeep Moturu, Sundararama Gorrepati and 1 more are mutual person
Ingwenya Mineral Tech Private LimitedChandra Moturu is a mutual person
Ardee Engineering LimitedRagdeep Moturu, Sundararama Gorrepati and 1 more are mutual person
- I.R.V.S Resources Private Limited
Ragdeep Moturu is a mutual person
- Ardee Yantrik Private Limited
Chandra Moturu is a mutual person
- Arch Logistics Private Limited
Chandra Moturu is a mutual person
Charges (Loans)
Open Charges
₹5.00 Cr
Satisfied Charges
₹3.03 Cr
Charges Breakdown by Lending Institutions
- Others : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2022 | Others | ₹1.84 Cr | Open |
| 29 Oct 2022 | Others | ₹3.17 Cr | Open |
| 17 Dec 2019 | Others | ₹1.75 Cr | Satisfied |
| 03 Aug 2011 | Vijaya Bank | ₹6.99 M | Satisfied |
| 06 Aug 2000 | Andhra Pradesh State Financial Corporation | ₹2.96 M | Satisfied |
How Many Employees Work at Ardee Drives?
Unlock and access historical data on people associated with Ardee Drives, 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 Ardee Drives, 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 Ardee Drives'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 Ardee Drives
Recent activity within the organization
- Annual General Meeting
Ardee Drives Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Ardee Drives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Director Appointment
Sundararama Sarma Gorrepati was appointed as a Director was appointed as a Director on 20 Apr 2023 & has been associated with this company since 2 years 1 month .
- Director Appointment
Rahul Kuchakulla was appointed as a Managing Director was appointed as a Managing Director on 05 Apr 2023 & has been associated with this company since 2 years 1 month .
- Charges
A charge registered on 17 Dec 2019 via Charge ID 100322520 with Others was fully satisfied on 28 Nov 2022.
- Charges
A charge with Others amounted to Rs. 1.84 Cr with Charge ID 100647688 was registered on 29 Oct 2022.
Frequently asked questions
What is the Incorporation or founding date of Ardee Drives Private Limited?
Ardee Drives Private Limited was incorporated on 22 May 1998.
What is authorized share capital and paid-up capital of Ardee Drives Private Limited?
The authorized share capital of Ardee Drives Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.17 Cr.
Who are the current board members & directors of Ardee Drives Private Limited?
Currently 4 directors are associated with Ardee Drives Private Limited.
- Ragdeep Moturu
- Sundararama Sarma Gorrepati
- Rahul Kuchakulla
- Chandra Sekhar Moturu
What is the registered address of Ardee Drives Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ardee Drives Private Limited is Shed No. 79, Phase Iii Ida Patancheru India, Hyderabad, Telangana, 502319.
What is the corporate identification number (CIN) and company number of Ardee Drives Private Limited?
The corporate identification number (CIN) of Ardee Drives Private Limited is U21011TG1998PTC029451 and the company number is 029451 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Ardee Drives Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Ardee Drives Private Limited has risen by 401.29%.
What change has been observed in the net worth of Ardee Drives Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Ardee Drives Private Limited has experienced an upsurge of 35.07%.
What are the total open charges for Ardee Drives Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Ardee Drives Private Limited amount to ₹ 5.00 Cr.
When was the last Balance Sheet of Ardee Drives Private Limited filed with the ROC?
The most recent Balance Sheet for Ardee Drives Private Limited was filed with the ROC on 31 Mar 2024.
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