Indian Acrylics Profile
Key Indicators
- Authorised Capital ₹ 150.00 Cr
- Paid Up Capital ₹ 135.32 Cr
- Company Age 38 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 352.26 Cr
- Satisfied Charges ₹ 600.88 Cr
- Revenue Growth 45.79%
- Profit Growth 125.24%
- Ebitda 380.57%
- Net Worth 26.60%
- Total Assets -7.02%
About Indian Acrylics
Indian Acrylics Limited (IAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 February 1986 and has a history of 38 years and 11 months. Its registered office is in Sangrur, Punjab, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 514165.
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 150.00 Cr and a paid-up capital of Rs 135.32 Cr.
The company currently has active open charges totaling ₹352.26 Cr. The company has closed loans amounting to ₹600.88 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Indian Acrylics Limited India are Bhavnesh Gupta as COMPANY SECRETARY and Surinder Kansal as Cfo. Rajinder Garg, Dheeraj Garg, Madan Chopra, and Eight other members serve as directors at the Company.
Company Details
- Location
Sangrur, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L24301PB1986PLC006715
- Company No.
006715
- Stock Symbol
BSE : 514165
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Feb 1986
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Chandigarh
Industry
What products or services does Indian Acrylics Limited offer?
Indian Acrylics Limited offers a wide range of products and services, including Winter Wear & Accessories, Sweater, Ladies Dresses, Apparels & Clothings, Ladies Shrug, Sweatshirts, Winter Coat, Yarns & Threads, Viscose Yarn, Woolen Clothing, Textile Yarn.
Who are the key members and board of directors at Indian Acrylics?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajinder Garg  | Managing Director | 28-Feb-1986 | Current |
| Bhavnesh Gupta | Company Secretary | 01-Apr-1993 | Current |
| Surinder Kansal | CFO | 01-Aug-2017 | Current |
Board Members (10)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Deva Reddy | Director | 15-Sep-2020 | Current |
| Dheeraj Garg | Whole-Time Director | 29-Nov-1997 | Current |
| Madan Chopra | Director | 29-May-1999 | Current |
| Shashi Gupta | Director | 14-Nov-2019 | Current |
| Sanjay Ahuja | Nominee Director | 14-Feb-2022 | Current |
| Tejinder Kaur | Director | 11-Nov-2022 | Current |
Financial Performance of Indian Acrylics.
Indian Acrylics Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.79% increase. The company also saw a substantial improvement in profitability, with a 125.24% increase in profit. The company's net worth Soared by an impressive increase of 26.6%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Indian Acrylics?
In 2023, Indian Acrylics had a promoter holding of 62.57% and a public holding of 37.44%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Nitcon LimitedSanjay Ahuja is a mutual person
Sab Industries LimitedRajinder Garg is a mutual person
Steel Strips Wheels LtdRajinder Garg, Dheeraj Garg and 3 more are mutual person
Usha Yarns LimitedShashi Gupta is a mutual person
Punjab State Industrial Development Corpn LimitedParampal Sidhu is a mutual person
Steel Strips Infrastructures LimitedRajinder Garg is a mutual person
Charges (Loans)
₹352.26 Cr
₹600.88 Cr
Charges Breakdown by Lending Institutions
- Others : 352.26 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2023 | Others | ₹20.00 Cr | Open |
| 02 Mar 2021 | Others | ₹24.02 Cr | Open |
| 18 Feb 2020 | Others | ₹119.24 Cr | Open |
| 13 Apr 1993 | Others | ₹189.00 Cr | Open |
| 20 Mar 2021 | Indian Overseas Bank | ₹2.18 Cr | Satisfied |
How Many Employees Work at Indian Acrylics?
Indian Acrylics has a workforce of 2704 employees as of Mar 31, 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 Indian Acrylics, 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 Indian Acrylics'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.
