Choicest Enterprises Ltd
Designs, constructs, and maintains buildings, structures, and infrastructure for various industries.
1983 | 24 Parganas, West Bengal (India) | Active
Choicest Enterprises Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 8.85 Cr
- Company Age 42 Year, 20 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 170.14 Cr
- Satisfied Charges ₹ 175.12 Cr
- Revenue Growth 44.45%
- Profit Growth 87.90%
- Ebitda 672.45%
- Net Worth 2.75%
- Total Assets -3.29%
About Choicest Enterprises
Choicest Enterprises Ltd (CEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 March 1983 and has a history of 42 years. Its registered office is in 24 Parganas, West Bengal, India.
The Corporate was formerly known as Choicest Construction Private Limited. The Company is engaged in the Travel And Hospitality 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 25.00 Cr and a paid-up capital of Rs 8.85 Cr.
The company currently has active open charges totaling ₹170.14 Cr. The company has closed loans amounting to ₹175.12 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Choicest Enterprises Ltd India is Bulaki Mundhra as CFO. Sujit Poddar, Harshavardhan Neotia, Naresh Jain, and Seven other members serve as directors at the Company.
Company Details
- Location
24 Parganas, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51109WB1983PLC036021
- Company No.
036021
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
10 Mar 1983
- Date of AGM
28 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Travel and Hospitality
Who are the key members and board of directors at Choicest Enterprises?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bulaki Mundhra  | CFO | 28-Mar-2015 | Current |
Board Members (10)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Paroma Neotia | Whole-Time Director | 01-Jun-2023 | Current |
| Giriraj Damani | Nominee Director | 17-Mar-2022 | Current |
| Sujit Poddar | Director | 29-Dec-1997 | Current |
| Harshavardhan Neotia | Director | 10-Mar-1983 | Current |
| Naresh Jain | Director | 21-Mar-2016 | Current |
| Nitin Kohli | Whole-Time Director | 23-Mar-2018 | Current |
Financial Performance of Choicest Enterprises.
Choicest Enterprises Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 44.45% increase. The company also saw a substantial improvement in profitability, with a 87.9% increase in profit. The company's net worth moved up by a moderate rise of 2.75%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Choicest Enterprises?
In 2022, Choicest Enterprises had a promoter holding of 58.36% and a public holding of 41.64%. The company had 3 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Infinity Infracon Private LimitedPradeep Mehta is a mutual person
West Bengal Tourism Development Corpn LtdHarshavardhan Neotia is a mutual person
Shenaz Hotels Private LimitedNitin Kohli is a mutual person
Ambuja Neotia Healthcare Venture LimitedHarshavardhan Neotia, Naresh Jain and 2 more are mutual person
Infinity Infotech Parks LimitedSujit Poddar is a mutual person
Indian Chamber Of Commerce CalcuttaParthiv Neotia is a mutual person
Charges (Loans)
Open Charges
₹170.14 Cr
Satisfied Charges
₹175.12 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 94.94 Cr
- Others : 74.28 Cr
- Axis Bank Limited : 0.92 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jul 2024 | Axis Bank Limited | ₹9.20 M | Open |
| 15 Dec 2023 | State Bank Of India | ₹94.94 Cr | Open |
| 13 Jul 2023 | Others | ₹2.32 Cr | Open |
| 25 Feb 2022 | Others | ₹40.75 Cr | Open |
| 28 Dec 2020 | Others | ₹31.21 Cr | Open |
How Many Employees Work at Choicest Enterprises?
Choicest Enterprises has a workforce of 842 employees as of Apr 07, 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 Choicest Enterprises, 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 Choicest Enterprises'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 Choicest Enterprises
Recent activity within the organization
- Annual General Meeting
Choicest Enterprises Ltd last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.92 Cr with Charge ID 100959529 was registered on 26 Jul 2024.
- Charges
A charge with Others of Rs. 40.75 Cr registered on 25 Feb 2022 with Charge ID 100547936 was modified on 03 May 2024.
- Balance Sheet
Choicest Enterprises Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
- Charges
A charge with Others of Rs. 2.32 Cr registered on 13 Jul 2023 with Charge ID 100755066 was modified on 26 Mar 2024.
- Charges
A charge registered on 30 Sep 2021 via Charge ID 100500446 with Others was fully satisfied on 05 Feb 2024.
Frequently asked questions
What is the Incorporation or founding date of Choicest Enterprises Ltd?
Choicest Enterprises Ltd was incorporated on 10 Mar 1983.
What is authorized share capital and paid-up capital of Choicest Enterprises Ltd?
The authorized share capital of Choicest Enterprises Ltd is ₹ 25.00 Cr and paid-up capital is ₹ 8.85 Cr.
Who are the current board members & directors of Choicest Enterprises Ltd?
Currently 11 directors are associated with Choicest Enterprises Ltd.
- Sujit Poddar
- Harshavardhan Neotia
- Naresh Kumar Jain
- Nitin Kohli
- Giriraj Damani
- Parthiv Vikram Neotia
- Paroma Neotia
- Bulaki Mundhra
- Sudhir Kumar Dewan
- Pradeep Lal Mehta
- Vivek Vikram Jain
What is the registered address of Choicest Enterprises Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Choicest Enterprises Ltd is 'Ecospace Business Park' Block- 4B 3Rd Floor Premises No. – Iif/11 Action Area-Iii, New Town India, Kolkata, West Bengal, 700160.
What is the corporate identification number (CIN) and company number of Choicest Enterprises Ltd?
The corporate identification number (CIN) of Choicest Enterprises Ltd is U51109WB1983PLC036021 and the company number is 036021 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Choicest Enterprises Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Choicest Enterprises Ltd has risen by 44.45%.
How many employees does Choicest Enterprises Ltd currently have?
As Per 2022 financial reports, 842 employees are currently employed by Choicest Enterprises Ltd.
What change has been observed in the net worth of Choicest Enterprises Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Choicest Enterprises Ltd has experienced an upsurge of 2.75%.
What are the total open charges for Choicest Enterprises Ltd?
As per the financial statements for fiscal Year 2022, The total open charges for Choicest Enterprises Ltd amount to ₹ 170.14 Cr.
When was the last Balance Sheet of Choicest Enterprises Ltd filed with the ROC?
The most recent Balance Sheet for Choicest Enterprises Ltd was filed with the ROC on 31 Mar 2024.
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