Lotus Powergear Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 47 Year, 8 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 eight 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
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40101KA1977PTC003196
- Company No.
003196
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Aug 1977
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Energy and Power
Lotus Powergear Private Limited
Explore comprehensive data for Lotus Powergear Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Abhaya Power Systems Private LimitedSrikantha Bhatta, Srinivasa Bhatta and 1 more are mutual person
Charges (Loans)
Open Charges
₹50.52 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Lotus Powergear
Recent activity within the organization
- Annual General Meeting
Lotus Powergear Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Lotus Powergear Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge registered on 19 Apr 2005 via Charge ID 80001731 with Corporation Bank was fully satisfied on 01 Mar 2021.
- Charges
A charge registered on 04 Mar 2005 via Charge ID 90192959 with Corporation Bank was fully satisfied on 01 Mar 2021.
- Charges
A charge with Others of Rs. 32.33 Cr registered on 23 Dec 2020 with Charge ID 100405355 was modified on 29 Dec 2020.
- Charges
A charge with Others amounted to Rs. 32.33 Cr with Charge ID 100405355 was registered on 23 Dec 2020.
Frequently asked questions
What is the Incorporation or founding date of Lotus Powergear Private Limited?
Lotus Powergear Private Limited was incorporated on 18 Aug 1977.
What is authorized share capital and paid-up capital of Lotus Powergear Private Limited?
The authorized share capital of Lotus Powergear Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 Cr.
Who are the current board members & directors of Lotus Powergear Private Limited?
Currently 3 directors are associated with Lotus Powergear Private Limited.
- Srikantha Seetharam Bhatta
- Srinivasa Seetharama Bhatta
- Ananda Seetharama Bhatta
What is the registered address of Lotus Powergear Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Lotus Powergear Private Limited is 12/13 K M Doddakallasandrakanakapura Road, India, Bangalore, Karnataka, 560062.
What is the corporate identification number (CIN) and company number of Lotus Powergear Private Limited?
The corporate identification number (CIN) of Lotus Powergear Private Limited is U40101KA1977PTC003196 and the company number is 003196 as per Ministry of Corporate Affairs (MCA).
What is the official website of Lotus Powergear Private Limited?
The Official website of Lotus Powergear Private Limited is https://www.lppl.in
What has been the recent revenue trend for Lotus Powergear Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Lotus Powergear Private Limited has risen by 89.19%.
How many employees does Lotus Powergear Private Limited currently have?
As Per 2023 financial reports, 80 employees are currently employed by Lotus Powergear Private Limited.
What change has been observed in the net worth of Lotus Powergear Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Lotus Powergear Private Limited has experienced an upsurge of 5.38%.
What are the total open charges for Lotus Powergear Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Lotus Powergear Private Limited amount to ₹ 50.52 Cr.
When was the last Balance Sheet of Lotus Powergear Private Limited filed with the ROC?
The most recent Balance Sheet for Lotus Powergear Private Limited was filed with the ROC on 31 Mar 2024.
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