Lares Global Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
as on 04-07-2024
- Paid Up Capital ₹ 7.50 M
as on 04-07-2024
- Company Age 16 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.05 Cr
as on 04-07-2024
- Revenue 5.22%
(FY 2022)
- Profit 20.09%
(FY 2022)
- Ebitda 10.68%
(FY 2022)
- Net Worth 7.70%
(FY 2022)
- Total Assets 22.82%
(FY 2022)
About Lares Global
The Corporate was formerly known as Lares Technologies 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 2023. 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.
Naga Uppala, Gundimeda Kumar, and Namburu Rao serve as directors at the Company.
- CIN/LLPIN
U72200TG2008PLC061255
- Company No.
061255
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Sep 2008
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Lares Global?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Namburu Rao  | Managing Director | 30-Sep-2008 | 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 and Corporate Structure Insights 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
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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)
Hindusthan Infra Avenues LimitedActive 16 years 4 monthsGundimeda Kumar and Namburu Rao are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 29 Nov 2023 | ₹6.00 M | Open |
Others Creation Date: 31 Dec 2021 | ₹4.49 M | Open |
Others Creation Date: 17 Oct 2016 | ₹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.
