Friends Auto (India) Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 3.84 Cr
- Company Age 27 Year, 7 Months
- Last Filing with ROC 31 Mar 2021
- Satisfied Charges ₹ 142.97 Cr
- Revenue Growth -88.39%
- Profit Growth 39.84%
- Ebitda 34.68%
- Net Worth -72.83%
- Total Assets -41.00%
About Friends Auto (India)
Friends Auto (India) Limited (FAIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 July 1997 and has a history of 27 years and seven months. Its registered office is in Delhi, India.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 4.00 Cr and a paid-up capital of Rs 3.84 Cr.
The company has closed loans amounting to ₹142.97 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Sudhir Mendiratta, Sarabjeet Chawla, Gurneet Chawla, and Three other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U34300DL1997PLC088642
- Company No.
088642
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
22 Jul 1997
- Date of AGM
12 Jan 2023
- Date of Balance Sheet
31 Mar 2021
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
What products or services does Friends Auto (India) Limited offer?
Friends Auto (India) Limited offers a wide range of products and services, including Metal Pipe & Plumbing Fittings, Pipe Clamps, Brakes & Braking Systems, Brake Parts, Automobile Fittings & Components, Automotive Shafts, Leaf Springs, Alloy, Metal and High Strength Bolts, Automotive Bolts.
Who are the key members and board of directors at Friends Auto (India)?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Amarjeet Chawla  | Managing Director | 22-Jul-1997 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sudhir Mendiratta | Director | 17-Jun-2008 | Current |
| Sarabjeet Chawla | Director | 18-Aug-2017 | Current |
| Gurneet Chawla | Director | 28-Jun-2008 | Current |
| Sanjay Mendiratta | Director | 17-Sep-2008 | Current |
| Ravinder Chawla | Director | 28-Jun-2008 | Current |
Financial Performance of Friends Auto (India).
Friends Auto (India) Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 88.39% decrease. The company also saw a substantial improvement in profitability, with a 39.84% increase in profit. The company's net worth observed a substantial decline by a decrease of 72.83%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Friends Auto (India)?
In 2018, Friends Auto (India) had a promoter holding of 22.87% and a public holding of 77.13%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sadjyoti Traders Private LimitedSarabjeet Chawla and Amarjeet Chawla are mutual person
- Sungrowth Coke Pvt. Ltd.
Sarabjeet Chawla and Amarjeet Chawla are mutual person
- East Bengal Investments Pvt Ltd
Sarabjeet Chawla and Amarjeet Chawla are mutual person
- Unik Springs (India) Private Limited
Sarabjeet Chawla and Amarjeet Chawla are mutual person
- Anchor Alloys Private Limited
Sarabjeet Chawla and Amarjeet Chawla are mutual person
- Rajkesh Infrastructure Private Limited
Sarabjeet Chawla is a mutual person
Charges (Loans)
₹0
₹142.97 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 134.40 Cr
- Dewan Housing Finance Corporation Limited : 5.02 Cr
- Intec Capital Limited : 2.75 Cr
- Others : 0.80 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2017 | Others | ₹8.03 M | Satisfied |
| 21 Dec 2015 | Dewan Housing Finance Corporation Limited | ₹5.02 Cr | Satisfied |
| 27 Nov 2015 | Canara Bank | ₹5.00 Cr | Satisfied |
| 26 May 2012 | Intec Capital Limited | ₹1.20 Cr | Satisfied |
| 26 May 2012 | Intec Capital Limited | ₹1.55 Cr | Satisfied |
How Many Employees Work at Friends Auto (India)?
Friends Auto (India) has a workforce of 60 employees as of Apr 09, 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 Friends Auto (India), 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 Friends Auto (India)'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.
