Lares Global Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 7.50 M
- Company Age 16 Year, 4 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 four 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
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
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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)
₹40.49 M
₹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.
