Nexgen Ventures Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 9.90 Cr
- Company Age 8 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 40.77 Cr
- Revenue Growth 64.02%
- Profit Growth 34.98%
- Ebitda -18.44%
- Net Worth -186.84%
- Total Assets 21.64%
About Nexgen Ventures
Nexgen Ventures Private Limited (NVPL) is a Private Limited Indian Non-Government Company incorporated in India on 17 March 2016 (Eight years and 11 months 10 days old ). Its registered office is in Ongole, Andhra Pradesh, India.
The Company is engaged in the Automotive 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 10.00 Cr and a paid-up capital of Rs 9.90 Cr.
The company currently has active open charges totaling ₹40.77 Cr.
Burugapalli Prasanthi, Mallikarjuna Damacharla, Suman Katragadda, and Two other members serve as directors at the Company.
Company Details
- Location
Ongole, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U51101AP2016PTC098549
- Company No.
098549
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
17 Mar 2016
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Who are the key members and board of directors at Nexgen Ventures?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Suman Katragadda  | Managing Director | 01-Jun-2019 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Burugapalli Prasanthi | Director | 04-Jun-2021 | Current |
| Mallikarjuna Damacharla | Director | 25-Jan-2023 | Current |
| Devaki Katragadda | Director | 03-May-2021 | Current |
| Pemmasani Pratap | Director | 25-Jan-2023 | Current |
Financial Performance of Nexgen Ventures.
Nexgen Ventures Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 64.02% increase. The company also saw a substantial improvement in profitability, with a 34.98% increase in profit. The company's net worth observed a substantial decline by a decrease of 186.84%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Nexgen Ventures?
In 2023, Nexgen Ventures 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)
Karthikeya Trading Private LimitedBurugapalli Prasanthi and Mallikarjuna Damacharla are mutual person
Heaps Health Solutions India Private LimitedSuman Katragadda is a mutual person
Sibar Auto Parts LtdPemmasani Pratap is a mutual person
Sree Venkateswara Art Films LlpBurugapalli Prasanthi is a mutual person
- Suma Africmed International Llp
Burugapalli Prasanthi is a mutual person
- Prassanthi Projects Private Limited
Burugapalli Prasanthi is a mutual person
Charges (Loans)
₹40.77 Cr
₹0
Charges Breakdown by Lending Institutions
- Tata Capital Financial Services Limited : 14.83 Cr
- Hdfc Bank Limited : 13.09 Cr
- State Bank Of India : 12.00 Cr
- Others : 0.85 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Sep 2023 | Hdfc Bank Limited | ₹6.00 Cr | Open |
| 25 Feb 2023 | Hdfc Bank Limited | ₹6.08 Cr | Open |
| 28 Dec 2022 | Hdfc Bank Limited | ₹1.01 Cr | Open |
| 21 Oct 2022 | Others | ₹1.84 M | Open |
| 21 Oct 2022 | Others | ₹1.60 M | Open |
How Many Employees Work at Nexgen Ventures?
Nexgen Ventures has a workforce of 173 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 Nexgen Ventures, 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 Nexgen Ventures'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.