Madurai Silver Palace Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 5.55 M
- Company Age 12 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.00 Cr
- Revenue Growth 113.30%
- Profit Growth 600.84%
- Ebitda 256.68%
- Net Worth 74.66%
- Total Assets 23.62%
About Madurai Silver Palace
Madurai Silver Palace Private Limited (MSPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 June 2012 and has a history of 12 years and eight months. Its registered office is in Madurai, Tamil Nadu, India.
The Corporate was formerly known as Madurai Silver Centre Private Limited. The Company is engaged in the Consumer Goods 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 1.50 Cr and a paid-up capital of Rs 5.55 M.
The company currently has active open charges totaling ₹4.00 Cr.
Janakiraman Ayothiraman and Janaki Renganayagi serve as directors at the Company.
Company Details
- Location
Madurai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U52393TN2012PTC086510
- Company No.
086510
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Jun 2012
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Consumer Goods
Who are the key members and board of directors at Madurai Silver Palace?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Janakiraman Ayothiraman  | Managing Director | 15-Feb-2015 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Janaki Renganayagi | Director | 15-Feb-2015 | Current |
Financial Performance of Madurai Silver Palace.
Madurai Silver Palace Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 113.3% increase. The company also saw a substantial improvement in profitability, with a 600.84% increase in profit. The company's net worth Soared by an impressive increase of 74.66%.
- 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 Madurai Silver Palace?
In 2023, Madurai Silver Palace 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)
Silvorn LlpJanakiraman Ayothiraman and Janaki Renganayagi are mutual person
- Madurai Sri Jewellers Private Limited
Janakiraman Ayothiraman is a mutual person
- Srinidhi Consultancy Private Limited
Janakiraman Ayothiraman and Janaki Renganayagi are mutual person
Charges (Loans)
Open Charges
₹4.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 May 2023 | Axis Bank Limited | ₹4.00 Cr | Open |
How Many Employees Work at Madurai Silver Palace?
Madurai Silver Palace has a workforce of 16 employees as of Apr 05, 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 Madurai Silver Palace, 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 Madurai Silver Palace'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 Madurai Silver Palace
Recent activity within the organization
- Charges
A charge with Axis Bank Limited of Rs. 4.00 Cr registered on 03 May 2023 with Charge ID 100728108 was modified on 24 Sep 2024.
- Annual General Meeting
Madurai Silver Palace Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Axis Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100728108 was registered on 03 May 2023.
- Balance Sheet
Madurai Silver Palace Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Director Appointment
Janakiraman Ayothiraman was appointed as a Managing Director was appointed as a Managing Director on 15 Feb 2015 & has been associated with this company since 10 years 18 days .
- Director Appointment
Janaki Raman Renganayagi was appointed as a Director was appointed as a Director on 15 Feb 2015 & has been associated with this company since 10 years 18 days .
Frequently asked questions
What is the Incorporation or founding date of Madurai Silver Palace Private Limited?
Madurai Silver Palace Private Limited was incorporated on 26 Jun 2012.
What is authorized share capital and paid-up capital of Madurai Silver Palace Private Limited?
The authorized share capital of Madurai Silver Palace Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 5.55 M.
Who are the current board members & directors of Madurai Silver Palace Private Limited?
Currently 2 directors are associated with Madurai Silver Palace Private Limited.
- Janakiraman Ayothiraman
- Janaki Raman Renganayagi
What is the registered address of Madurai Silver Palace Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Madurai Silver Palace Private Limited is Ayothiram Complex 1St Floor 9 Meenakshi Kovil Street, India, Madurai, Tamil Nadu, 625001.
What is the corporate identification number (CIN) and company number of Madurai Silver Palace Private Limited?
The corporate identification number (CIN) of Madurai Silver Palace Private Limited is U52393TN2012PTC086510 and the company number is 086510 as per Ministry of Corporate Affairs (MCA).
What is the official website of Madurai Silver Palace Private Limited?
The Official website of Madurai Silver Palace Private Limited is https://www.silverpalace.co
What has been the recent revenue trend for Madurai Silver Palace Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Madurai Silver Palace Private Limited has risen by 113.30%.
How many employees does Madurai Silver Palace Private Limited currently have?
As Per 2023 financial reports, 16 employees are currently employed by Madurai Silver Palace Private Limited.
What change has been observed in the net worth of Madurai Silver Palace Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Madurai Silver Palace Private Limited has experienced an upsurge of 74.66%.
What are the total open charges for Madurai Silver Palace Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Madurai Silver Palace Private Limited amount to ₹ 4.00 Cr.
When was the last Balance Sheet of Madurai Silver Palace Private Limited filed with the ROC?
The most recent Balance Sheet for Madurai Silver Palace Private Limited was filed with the ROC on 31 Mar 2023.
People also Viewed
Lakshmi SantharamDirectorVJ
Venkatavaradhan JanakyDirectorMB
Muthukrishnan BalasubramanianManaging DirectorBA
Balasubramanian ArunkumarDirectorJS
Jayaraman SatishkumarDirectorBV
Balasubramanian VaradarajanDirectorKG
Krishnanchettiar GopalakrishnanDirectorTN
Thangasamy NavaneethanDirector
Similar Companies Based on Watches & Jewelry Manufacturing
Titan Company Limited Krishnagiri, Tamil Nadu, India
M D Overseas Private Limited New Delhi, Delhi, India
Kundan Refinery Private Limited New Delhi, India
Mmtc - Pamp India Private Limited Gurugram, Haryana, India
Malabar Gold And Diamonds Limited Kozhikode, Kerala, India
Shree Ramkrishna Exports Private Limited Mumbai, Maharashtra, India
Lalithaa Jewellery Mart Limited Chennai, Tamil Nadu, India
Diamond India Limited Mumbai, Maharashtra, India