Lotus Powergear Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 47 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 50.52 Cr
- Satisfied Charges ₹ 45.49 Cr
- Revenue Growth 89.19%
- Profit Growth 105.05%
- Ebitda 189.95%
- Net Worth 5.38%
- Total Assets 4.96%
About Lotus Powergear
Lotus Powergear Private Limited (LPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 August 1977 and has a history of 47 years and six months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Energy And Power 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 5.00 Cr and a paid-up capital of Rs 5.00 Cr.
The company currently has active open charges totaling ₹50.52 Cr. The company has closed loans amounting to ₹45.49 Cr, as per Ministry of Corporate Affairs (MCA) records.
Srikantha Bhatta, Srinivasa Bhatta, and Ananda Bhatta serve as directors at the Company.
Company Details
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Location
Bangaluru, Karnataka, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U40101KA1977PTC003196
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Company No.
003196
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
18 Aug 1977
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Lotus Powergear?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivasa Bhatta
|
Managing Director | 01-Jan-1994 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Srikantha Bhatta
|
Whole-Time Director | 16-Jun-2003 | Current |
|
Ananda Bhatta
|
Whole-Time Director | 16-Jun-2003 | Current |
Financial Performance of Lotus Powergear.
Lotus Powergear Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 89.19% increase. The company also saw a substantial improvement in profitability, with a 105.05% increase in profit. The company's net worth moved up by a moderate rise of 5.38%.
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What is the Ownership and Shareholding Structure of Lotus Powergear?
In 2023, Lotus Powergear had a promoter holding of 87.98% and a public holding of 12.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Abhaya Power Systems Private LimitedSrikantha Bhatta, Srinivasa Bhatta and 1 more are mutual person
Charges (Loans)
₹50.52 Cr
₹45.49 Cr
Charges Breakdown by Lending Institutions
- Others : 50.52 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Dec 2020 | Others | ₹32.33 Cr | Open |
| 20 Feb 2017 | Others | ₹18.19 Cr | Open |
| 18 Dec 2015 | Karnataka State Financial Corporation | ₹10.00 Cr | Satisfied |
| 19 Apr 2005 | Corporation Bank | ₹5.00 Cr | Satisfied |
| 04 Mar 2005 | Corporation Bank | ₹27.17 Cr | Satisfied |
How Many Employees Work at Lotus Powergear?
Lotus Powergear has a workforce of 80 employees as of Apr 07, 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 Lotus Powergear, 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 Lotus Powergear'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.
