Lares Global Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 7.50 M
- Company Age 16 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 4.05 Cr
- Revenue Growth 5.22%
- Profit Growth 20.09%
- Ebitda 10.68%
- Net Worth 7.70%
- Total Assets 22.82%
About Lares Global
Lares Global Limited (LGL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 September 2008 and has a history of 16 years and five months. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Lares Global Private Limited. The Company is engaged in the Information Technology 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 7.50 M and a paid-up capital of Rs 7.50 M.
The company currently has active open charges totaling ₹4.05 Cr.
Namburu Rao, Gundimeda Kumar, and Naga Uppala serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72200TG2008PLC061255
- Company No.
061255
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Sep 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Information Technology
Lares Global Limited
Explore comprehensive data for Lares Global Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Lares Global?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Namburu Rao  | Managing Director | 01-Aug-2016 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Gundimeda Kumar | Director | 16-May-2015 | Current |
| Naga Uppala | Director | 20-Mar-2023 | Current |
Financial Performance of Lares Global.
Lares Global Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 5.22% increase. The company also saw a substantial improvement in profitability, with a 20.09% increase in profit. The company's net worth moved up by a moderate rise of 7.7%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Lares Global?
In 2022, Lares Global had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Gemsource It Consulting Private LimitedGundimeda Kumar is a mutual person
Hindusthan Infra Avenues LimitedNamburu Rao and Gundimeda Kumar are mutual person
- Madhu Veni Organic Products Llp
Gundimeda Kumar is a mutual person
- Picsell Realtors Llp
Gundimeda Kumar is a mutual person
- Gamayaan Projects Private Limited
Gundimeda Kumar is a mutual person
- Hindustan Ayurvedic Research & Development Limited
Gundimeda Kumar is a mutual person
Charges (Loans)
Open Charges
₹40.49 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 4.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2023 | Others | ₹6.00 M | Open |
| 31 Dec 2021 | Others | ₹4.49 M | Open |
| 17 Oct 2016 | Others | ₹3.00 Cr | Open |
How Many Employees Work at Lares Global?
Lares Global has a workforce of 5 employees as of Apr 10, 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 Lares Global, 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 Lares Global'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 Lares Global
Recent activity within the organization
- Annual General Meeting
Lares Global Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Lares Global Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Others amounted to Rs. 6.00 M with Charge ID 100829961 was registered on 29 Nov 2023.
- Charges
A charge with Others of Rs. 30.00 M registered on 17 Oct 2016 with Charge ID 100063426 was modified on 29 Aug 2023.
- Director Appointment
Naga Babu Uppala was appointed as a Director was appointed as a Director on 20 Mar 2023 & has been associated with this company since 2 years 5 days .
- Charges
A charge with Others amounted to Rs. 4.49 M with Charge ID 100525551 was registered on 31 Dec 2021.
Frequently asked questions
What is the Incorporation or founding date of Lares Global Limited?
Lares Global Limited was incorporated on 30 Sep 2008.
What is authorized share capital and paid-up capital of Lares Global Limited?
The authorized share capital of Lares Global Limited is ₹ 7.50 M and paid-up capital is ₹ 7.50 M.
Who are the current board members & directors of Lares Global Limited?
Currently 3 directors are associated with Lares Global Limited.
- Namburu Narasimha Rao
- Gundimeda Dinesh Kumar
- Naga Babu Uppala
What is the registered address of Lares Global Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Lares Global Limited is Flat No 101 Auchyut Mazon H 7-1-621/48, S.R Nagar India, Hyderabad, Telangana, 500038.
What is the corporate identification number (CIN) and company number of Lares Global Limited?
The corporate identification number (CIN) of Lares Global Limited is U72200TG2008PLC061255 and the company number is 061255 as per Ministry of Corporate Affairs (MCA).
What is the official website of Lares Global Limited?
The Official website of Lares Global Limited is https://www.laresglobal.com
What has been the recent revenue trend for Lares Global Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Lares Global Limited has risen by 5.22%.
How many employees does Lares Global Limited currently have?
As Per 2022 financial reports, 5 employees are currently employed by Lares Global Limited.
What change has been observed in the net worth of Lares Global Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Lares Global Limited has experienced an upsurge of 7.70%.
What are the total open charges for Lares Global Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Lares Global Limited amount to ₹ 4.05 Cr.
When was the last Balance Sheet of Lares Global Limited filed with the ROC?
The most recent Balance Sheet for Lares Global Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
Panguluri GopiAdditional DirectorVN
Vasundhara NamburuDirectorRR
Rama RaoAdditional DirectorPK
Panguluri KrishnaDirectorSS
Sure SambasivaraoDirectorMR
Muvva RaoDirectorYP
Yashwanth PappanaDirectorSL
Singamaneni LakshminarayanaDirector