Kotak Mahindra Prime Limited

Leading car finance company with strategic partnerships, offering loans, inventory funding, and corporate advances.

1996 | Mumbai, Maharashtra (India) | Active
Last Updated: June 26, 2024

Kotak Mahindra Prime Profile

Key Indicators

  • Authorised Capital ₹ 6.50 Cr
  • Paid Up Capital ₹ 3.50 Cr
  • Company Age 28 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 62,008.80 Cr
  • Satisfied Charges ₹ 98,052.50 Cr
  • Revenue Growth 11.34%
  • Profit Growth -2.79%
  • Ebitda 7.55%
  • Net Worth 10.72%
  • Total Assets 13.21%

About Kotak Mahindra Prime

Kotak Mahindra Prime Limited (KMPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 February 1996 and has a history of 28 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Komaf Auto Finance P Ltd. The Company is engaged in the Financial Services 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 6.50 Cr and a paid-up capital of Rs 3.50 Cr.

The company currently has active open charges totaling ₹62,008.80 Cr. The company has closed loans amounting to ₹98,052.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Kotak Mahindra Prime Limited India are Kiran Tangudu as COMPANY SECRETARY and Jason Dalgado as Cfo. Amit Mohan, Shahrukh Todiwala, Tekumalla Rao, and Six other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U67200MH1996PLC097730

  • Company No.

    097730

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Feb 1996

  • Date of AGM

    27 Jun 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Kotak Mahindra Prime?

Executive Team (2)

NameDesignationAppointment DateStatus
Kiran Tangudu Company Secretary01-Apr-2018Current
Jason Dalgado CFO16-Aug-2023Current

Board Members (9)

NameDesignationAppointment DateStatus
Vyomesh Kapasi Country flag representing In Director 09-Dec-2016Current
Uday Kotak Country flag representing In Director 13-Dec-1996Current
Prakash Apte Country flag representing In Director 15-Jan-2024Current
Tekumalla Rao Country flag representing Gb Director 06-Apr-2024Current
Amit Mohan Country flag representing In Director 06-Sep-2021Current
Akila Urankar Country flag representing In Director 01-Apr-2018Current

Financial Performance of Kotak Mahindra Prime.

Kotak Mahindra Prime Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.34% increase. The company also saw a slight decrease in profitability, with a 2.79% decrease in profit. The company's net worth Soared by an impressive increase of 10.72%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
11.34%
Revenue from Operations
12.09%
Total Assets
13.21%
Profit or Loss
-2.79%
Net Worth
10.72%
EBITDA
7.55%

What is the Ownership and Shareholding Structure of Kotak Mahindra Prime?

In 2023, Kotak Mahindra Prime had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹62,008.80 Cr

Satisfied Charges

₹98,052.50 Cr

Charges Breakdown by Lending Institutions

  • Idbi Trusteeship Services Limited : 42500.00 Cr
  • Others : 15000.00 Cr
  • Indusind Bank Ltd : 3370.80 Cr
  • Indusind Bank Ltd. : 1078.00 Cr
  • The Sakura Bank Ltd. : 40.00 Cr
  • Others : 20.00 Cr

Latest Charge Details

DateLenderAmountStatus
22 Aug 2022Idbi Trusteeship Services Limited₹15,000.00 CrOpen
29 Jan 2020Idbi Trusteeship Services Limited₹5,000.00 CrOpen
03 Jul 2019Idbi Trusteeship Services Limited₹15,000.00 CrOpen
27 Mar 2012Others₹15,000.00 CrOpen
26 Mar 2009Idbi Trusteeship Services Limited₹7,500.00 CrOpen

How Many Employees Work at Kotak Mahindra Prime?

Kotak Mahindra Prime has a workforce of 7912 employees as of Apr 08, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kotak Mahindra Prime, 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 Kotak Mahindra Prime's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Kotak Mahindra Prime

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 15,000.00 Cr registered on 27 Mar 2012 with Charge ID 10349693 was modified on 19 Apr 2024.

    19 Apr 2024

  • Director Appointment

    Tekumalla Nihar Ramana Rao was appointed as a Director was appointed as a Director on 06 Apr 2024 & has been associated with this company since 10 months 16 days .

    06 Apr 2024

  • Director Appointment

    Prakash Krishnaji Apte was appointed as a Director was appointed as a Director on 15 Jan 2024 & has been associated with this company since 1 year 1 month .

    15 Jan 2024

  • Annual General Meeting

    Kotak Mahindra Prime Limited last Annual general meeting of members was held on 27 Jun 2023 as per latest MCA records.

    27 Jun 2023

  • Balance Sheet

    Kotak Mahindra Prime Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge registered on 24 Jul 2017 via Charge ID 100118435 with Idbi Trusteeship Services Limited was fully satisfied on 14 Feb 2023.

    14 Feb 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Kotak Mahindra Prime Limited was incorporated on 28 Feb 1996.

  • The authorized share capital of Kotak Mahindra Prime Limited is ₹ 6.50 Cr and paid-up capital is ₹ 3.50 Cr.

  • Currently 11 directors are associated with Kotak Mahindra Prime Limited.

    • Kiran Tangudu
    • Jason Dalgado
    • Amit Mohan
    • Shahrukh Homi Todiwala
    • Tekumalla Nihar Ramana Rao
    • Vyomesh Dineshchandra Kapasi
    • Ravi Venkatraman
    • Akila Urankar
    • Prakash Krishnaji Apte
    • Chandrashekhar Shrikrishna Sathe
    • Uday Suresh Kotak
  • As per Ministry of Corporate Affairs (Mca), the registered address of Kotak Mahindra Prime Limited is 27Bkc C 27 G Block Bandra Kurla Complex (E), India, Mumbai, Maharashtra, 400051.

  • The corporate identification number (CIN) of Kotak Mahindra Prime Limited is U67200MH1996PLC097730 and the company number is 097730 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Kotak Mahindra Prime Limited is https://www.primeloans.kotak.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Kotak Mahindra Prime Limited has risen by 11.34%.

  • As Per 2023 financial reports, 7912 employees are currently employed by Kotak Mahindra Prime Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Kotak Mahindra Prime Limited has experienced an upsurge of 10.72%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Kotak Mahindra Prime Limited amount to ₹ 62,008.80 Cr.

  • The most recent Balance Sheet for Kotak Mahindra Prime Limited was filed with the ROC on 31 Mar 2023.

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