Kumar Motor Corporation Private Limited
Authorized dealer for Volkswagen cars in North Karnataka with showrooms and stockyards.
2009 | Dharwad, Karnataka (India) | Active
Kumar Motor Corporation Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 5.90 Cr
- Company Age 15 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 27.25 Cr
- Satisfied Charges ₹ 18.32 Cr
- Revenue Growth 70.36%
- Profit Growth 37.71%
- Ebitda -14.83%
- Net Worth 31.31%
- Total Assets 48.80%
About Kumar Motor Corporation
Kumar Motor Corporation Private Limited (KMCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 August 2009 and has a history of 15 years and seven months. Its registered office is in Dharwad, Karnataka, 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 2023. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 5.90 Cr.
The company currently has active open charges totaling ₹27.25 Cr. The company has closed loans amounting to ₹18.32 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shashikumar Desai and Aruna Desai serve as directors at the Company.
Company Details
- Location
Dharwad, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U50101KA2009PTC050597
- Company No.
050597
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Aug 2009
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Automotive
Who are the key members and board of directors at Kumar Motor Corporation?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shashikumar Desai  | Director | 10-Aug-2009 | Current |
| Aruna Desai | Director | 21-Dec-2016 | Current |
Financial Performance of Kumar Motor Corporation.
Kumar Motor Corporation Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 70.36% increase. The company also saw a substantial improvement in profitability, with a 37.71% increase in profit. The company's net worth Soared by an impressive increase of 31.31%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Kumar Motor Corporation?
In 2023, Kumar Motor Corporation had a promoter holding of 50.00% and a public holding of 50.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- C R S Bio-Fuels Limited
Shashikumar Desai is a mutual person
- Kumar Auto Agencies Private Limited
Shashikumar Desai and Aruna Desai are mutual person
Charges (Loans)
Open Charges
₹27.25 Cr
Satisfied Charges
₹18.32 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 27.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jul 2023 | Axis Bank Limited | ₹11.00 Cr | Open |
| 18 Dec 2021 | Axis Bank Limited | ₹16.25 Cr | Open |
| 25 Nov 2020 | Axis Bank Limited | ₹0.90 M | Satisfied |
| 08 Jun 2019 | Others | ₹1.00 Cr | Satisfied |
| 29 May 2018 | Others | ₹3.36 Cr | Satisfied |
How Many Employees Work at Kumar Motor Corporation?
Kumar Motor Corporation has a workforce of 56 employees as of Apr 05, 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 Kumar Motor 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 Kumar Motor 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 Kumar Motor Corporation
Recent activity within the organization
- Charges
A charge with Axis Bank Limited of Rs. 16.25 Cr registered on 18 Dec 2021 with Charge ID 100518658 was modified on 22 Nov 2023.
- Annual General Meeting
Kumar Motor Corporation Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Axis Bank Limited amounted to Rs. 11.00 Cr with Charge ID 100750416 was registered on 20 Jul 2023.
- Balance Sheet
Kumar Motor Corporation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge registered on 25 Nov 2020 via Charge ID 100399435 with Axis Bank Limited was fully satisfied on 25 Aug 2022.
- Charges
A charge registered on 20 May 2013 via Charge ID 10437039 with Others was fully satisfied on 30 Dec 2021.
Frequently asked questions
What is the Incorporation or founding date of Kumar Motor Corporation Private Limited?
Kumar Motor Corporation Private Limited was incorporated on 10 Aug 2009.
What is authorized share capital and paid-up capital of Kumar Motor Corporation Private Limited?
The authorized share capital of Kumar Motor Corporation Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.90 Cr.
Who are the current board members & directors of Kumar Motor Corporation Private Limited?
Currently 2 directors are associated with Kumar Motor Corporation Private Limited.
- Shashikumar Vasanna Desai
- Aruna Shashikumar Desai
What is the registered address of Kumar Motor Corporation Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Kumar Motor Corporation Private Limited is 'Volkaswagen' Plot No. 55/1B Opposite Apmc P R Road Amargol Navanagar, India, Hubli, Karnataka, 580025.
What is the corporate identification number (CIN) and company number of Kumar Motor Corporation Private Limited?
The corporate identification number (CIN) of Kumar Motor Corporation Private Limited is U50101KA2009PTC050597 and the company number is 050597 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Kumar Motor Corporation Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Kumar Motor Corporation Private Limited has risen by 70.36%.
How many employees does Kumar Motor Corporation Private Limited currently have?
As Per 2023 financial reports, 56 employees are currently employed by Kumar Motor Corporation Private Limited.
What change has been observed in the net worth of Kumar Motor Corporation Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Kumar Motor Corporation Private Limited has experienced an upsurge of 31.31%.
What are the total open charges for Kumar Motor Corporation Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Kumar Motor Corporation Private Limited amount to ₹ 27.25 Cr.
When was the last Balance Sheet of Kumar Motor Corporation Private Limited filed with the ROC?
The most recent Balance Sheet for Kumar Motor Corporation Private Limited was filed with the ROC on 31 Mar 2023.
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