Best Corporation Profile
Key Indicators
- Authorised Capital ₹ 14.00 Cr
- Paid Up Capital ₹ 11.35 Cr
- Company Age 21 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 569.25 Cr
- Satisfied Charges ₹ 392.34 Cr
- Revenue Growth 22.46%
- Profit Growth -3.86%
- Ebitda -56.54%
- Net Worth 12.37%
- Total Assets 13.14%
About Best Corporation
Best Corporation Private Limited (BCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 March 2004 and has a history of 21 years and two months. Its registered office is in Coimbatore, Tamil Nadu, India.
The Corporate was formerly known as Best Corporation 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 2024. It's a company limited by shares with an authorized capital of Rs 14.00 Cr and a paid-up capital of Rs 11.35 Cr.
The company currently has active open charges totaling ₹569.25 Cr. The company has closed loans amounting to ₹392.34 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Best Corporation Private Limited India is Palanivel Rajesh as COMPANY SECRETARY. Rajkumar Ramasamy, Dhanapal Ramasamy, Sennimalaigounder Ramasamy, and One other member serve as directors at the Company.
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111TZ2004PTC011016
- Company No.
011016
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Mar 2004
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
What products or services does Best Corporation Private Limited offer?
Best Corporation Private Limited offers a wide range of products and services, including Cotton Textile, Cotton Fabric, Industrial Tape, Rubber Tape, Cotton Yarn, Crochet Cotton Yarn, Elastic Tapes, Jacquard Elastic, Knitwear, Men Knitted Wear.
Best Corporation Private Limited
Explore comprehensive data for Best Corporation Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Best Corporation?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajkumar Ramasamy  | Managing Director | 04-Mar-2004 | Current |
| Palanivel Rajesh | Company Secretary | 29-Oct-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dhanapal Ramasamy | Whole-Time Director | 04-Mar-2004 | Current |
| Sennimalaigounder Ramasamy | Director | 04-Mar-2004 | Current |
| Rajkumar Shivan | Director | 22-Apr-2021 | Current |
Financial Performance of Best Corporation.
Best Corporation Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.46% increase. The company also saw a slight decrease in profitability, with a 3.86% decrease in profit. The company's net worth Soared by an impressive increase of 12.37%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Best Corporation?
In 2021, Best Corporation had a promoter holding of 100.00%. The company had 11 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sima Textile Processing Centre LimitedRajkumar Shivan is a mutual person
Rrd Tex Private LimitedRajkumar Ramasamy and Dhanapal Ramasamy are mutual person
Rrd Apparels Private LimitedDhanapal Ramasamy is a mutual person
Ark Innovations Private LimitedDhanapal Ramasamy is a mutual person
Best Lifestyle Apparel Private LimitedRajkumar Shivan is a mutual person
Charges (Loans)
Open Charges
₹569.25 Cr
Satisfied Charges
₹392.34 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 271.00 Cr
- Others : 155.60 Cr
- Citi Bank N.A. : 82.65 Cr
- Standard Chartered Bank : 60.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Nov 2024 | Others | ₹25.00 Cr | Open |
| 26 Jun 2024 | Others | ₹110.60 Cr | Open |
| 26 Dec 2022 | State Bank Of India | ₹210.00 Cr | Open |
| 24 Jun 2019 | Others | ₹20.00 Cr | Open |
| 30 Dec 2015 | Citi Bank N.A. | ₹82.65 Cr | Open |
How Many Employees Work at Best Corporation?
Best Corporation has a workforce of 1081 employees as of Apr 06, 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 Best Corporation, 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 Best Corporation'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 Best Corporation
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101010570 was registered on 20 Nov 2024.
- Director Appointment
Palanivel Rajesh was appointed as a Company Secretary was appointed as a Company Secretary on 29 Oct 2024 & has been associated with this company since 6 months 27 days .
- Annual General Meeting
Best Corporation Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with State Bank Of India of Rs. 210.00 Cr registered on 26 Dec 2022 with Charge ID 100669666 was modified on 12 Jul 2024.
- Charges
A charge with Others amounted to Rs. 110.60 Cr with Charge ID 100947964 was registered on 26 Jun 2024.
- Balance Sheet
Best Corporation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Frequently asked questions
What is the Incorporation or founding date of Best Corporation Private Limited?
Best Corporation Private Limited was incorporated on 04 Mar 2004.
What is authorized share capital and paid-up capital of Best Corporation Private Limited?
The authorized share capital of Best Corporation Private Limited is ₹ 14.00 Cr and paid-up capital is ₹ 11.35 Cr.
Who are the current board members & directors of Best Corporation Private Limited?
Currently 5 directors are associated with Best Corporation Private Limited.
- Rajkumar Ramasamy
- Dhanapal Ramasamy
- Sennimalaigounder Ramasamy
- Palanivel Rajesh
- Rajkumar Aadithya Shivan
What is the registered address of Best Corporation Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Best Corporation Private Limited is 89/2 Padmavathipuramavinashi Road Avanashi India, Tirupur, Tamil Nadu, 641603.
What is the corporate identification number (CIN) and company number of Best Corporation Private Limited?
The corporate identification number (CIN) of Best Corporation Private Limited is U17111TZ2004PTC011016 and the company number is 011016 as per Ministry of Corporate Affairs (MCA).
What is the official website of Best Corporation Private Limited?
The Official website of Best Corporation Private Limited is https://www.bestcorp.in
What has been the recent revenue trend for Best Corporation Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Best Corporation Private Limited has risen by 22.46%.
How many employees does Best Corporation Private Limited currently have?
As Per 2022 financial reports, 1081 employees are currently employed by Best Corporation Private Limited.
What change has been observed in the net worth of Best Corporation Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Best Corporation Private Limited has experienced an upsurge of 12.37%.
What are the total open charges for Best Corporation Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Best Corporation Private Limited amount to ₹ 569.25 Cr.
When was the last Balance Sheet of Best Corporation Private Limited filed with the ROC?
The most recent Balance Sheet for Best Corporation Private Limited was filed with the ROC on 31 Mar 2024.
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