Pace Automation Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 3.02 Cr
- Company Age 35 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 64.47%
- Profit Growth 269.79%
- Ebitda 328.46%
- Net Worth 251.37%
- Total Assets 39.80%
About Pace Automation
Pace Automation Limited (PAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 September 1989 and has a history of 35 years and five months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Pace Elcot Automation Ltd. 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 2024. It's a company limited by shares with an authorized capital of Rs 12.00 Cr and a paid-up capital of Rs 3.02 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Pace Automation Limited India is Sweety Goyal as COMPANY SECRETARY. Venkateswaran Krishnaswamy, Sriperambadur Chandru, Malathy Gopalakrishnan, and One other member serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L29141TN1989PLC018133
- Company No.
018133
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Sep 1989
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Chennai
Industry
Information Technology
What products or services does Pace Automation Limited offer?
Pace Automation Limited offers a wide range of products and services, including IT, Networking & Automation Solution, IT Solutions, Retail Automation Solutions.
Pace Automation Limited
Explore comprehensive data for Pace Automation Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Pace Automation?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sriperambadur Chandru  | Managing Director | 18-Oct-2002 | Current |
| Sweety Goyal | Company Secretary | 29-Jun-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Venkateswaran Krishnaswamy | Director | 06-Dec-2019 | Current |
| Malathy Gopalakrishnan | Director | 31-Aug-2006 | Current |
| Raghavan Suguna | Director | 14-Aug-2018 | Current |
Financial Performance of Pace Automation.
Pace Automation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 64.47% increase. The company also saw a substantial improvement in profitability, with a 269.79% increase in profit. The company's net worth Soared by an impressive increase of 251.37%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Pace Automation?
In 2023, Pace Automation had a promoter holding of 68.38% and a public holding of 31.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Pace Automation?
Pace Automation has a workforce of 39 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 Pace Automation, 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 Pace Automation'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 Pace Automation
Recent activity within the organization
- Annual General Meeting
Pace Automation Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Director Appointment
Sweety Goyal was appointed as a Company Secretary was appointed as a Company Secretary on 29 Jun 2024 & has been associated with this company since 8 months 19 days .
- Balance Sheet
Pace Automation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Director Appointment
Venkateswaran Krishnaswamy was appointed as a Director was appointed as a Director on 06 Dec 2019 & has been associated with this company since 5 years 3 months .
- Director Appointment
Raghavan Suguna was appointed as a Director was appointed as a Director on 14 Aug 2018 & has been associated with this company since 6 years 7 months .
- Director Appointment
Malathy Gopalakrishnan was appointed as a Director was appointed as a Director on 31 Aug 2006 & has been associated with this company since 18 years 6 months .
Recent News, Updates & Announcement
- Pace Automation wants to help local kiranas compete in online grocery war.
Pace Automation wants to bring 1,50,000 thousand local grocery stores onto its platform in three years and allow customers to order their groceries online from the nearest grocer..
Frequently asked questions
What is the Incorporation or founding date of Pace Automation Limited?
Pace Automation Limited was incorporated on 29 Sep 1989.
What is authorized share capital and paid-up capital of Pace Automation Limited?
The authorized share capital of Pace Automation Limited is ₹ 12.00 Cr and paid-up capital is ₹ 3.02 Cr.
Who are the current board members & directors of Pace Automation Limited?
Currently 5 directors are associated with Pace Automation Limited.
- Venkateswaran Krishnaswamy
- Sriperambadur Gopalakrishnan Chandru
- Malathy Gopalakrishnan
- Raghavan Suguna
- Sweety Goyal
What is the registered address of Pace Automation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Pace Automation Limited is No.2 Iii Street, Parameswari Nagar Adyar India, Chennai, Tamil Nadu, 600020.
What is the corporate identification number (CIN) and company number of Pace Automation Limited?
The corporate identification number (CIN) of Pace Automation Limited is L29141TN1989PLC018133 and the company number is 018133 as per Ministry of Corporate Affairs (MCA).
What is the official website of Pace Automation Limited?
The Official website of Pace Automation Limited is https://www.paceautomation.com
What has been the recent revenue trend for Pace Automation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Pace Automation Limited has risen by 64.47%.
How many employees does Pace Automation Limited currently have?
As Per 2023 financial reports, 39 employees are currently employed by Pace Automation Limited.
What change has been observed in the net worth of Pace Automation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Pace Automation Limited has experienced an upsurge of 251.37%.
When was the last Balance Sheet of Pace Automation Limited filed with the ROC?
The most recent Balance Sheet for Pace Automation Limited was filed with the ROC on 31 Mar 2024.
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