Pace Renewable Energies Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 10.44 Cr
- Company Age 15 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,428.00 Cr
- Satisfied Charges ₹ 103.50 Cr
- Revenue Growth -61.84%
- Profit Growth -560.58%
- Ebitda -117.50%
- Net Worth -4.90%
- Total Assets 2.70%
About Pace Renewable Energies
Pace Renewable Energies Private Limited (PREPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 31 March 2010 and has a history of 15 years and one month. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Environment 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 15.00 Cr and a paid-up capital of Rs 10.44 Cr.
The company currently has active open charges totaling ₹1,428.00 Cr. The company has closed loans amounting to ₹103.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Pace Renewable Energies Private Limited India is Meghana Manchaiah as COMPANY SECRETARY. Maddisetty Padma, Venugopalrao Maddisetty, and Rajiv Maddisetty 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
U29307KA2010PTC053077
- Company No.
053077
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Mar 2010
- Date of AGM
23 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Environment
Pace Renewable Energies Private Limited
Explore comprehensive data for Pace Renewable Energies Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Pace Renewable Energies?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Meghana Manchaiah  | Company Secretary | 21-Mar-2025 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Maddisetty Padma | Director | 31-Mar-2010 | Current |
| Venugopalrao Maddisetty | Director | 31-Mar-2010 | Current |
| Rajiv Maddisetty | Director | 09-Jul-2019 | Current |
Financial Performance of Pace Renewable Energies.
Pace Renewable Energies Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 61.84% decrease. The company also saw a substantial fall in profitability, with a 560.58% decrease in profit. The company's net worth dipped by a decrease of 4.9%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Pace Renewable Energies?
In 2023, Pace Renewable Energies 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)
Pace Digitek LimitedMaddisetty Padma, Venugopalrao Maddisetty and 2 more are mutual person
Anlon Technology Solutions LimitedMeghana Manchaiah is a mutual person
Lineage Power Private LimitedMaddisetty Padma, Venugopalrao Maddisetty and 1 more are mutual person
- Inso Pace Private Limited
Maddisetty Padma and Venugopalrao Maddisetty are mutual person
- Ap Digital Infra Private Limited
Maddisetty Padma and Venugopalrao Maddisetty are mutual person
- Vpace Realtek Private Limited
Venugopalrao Maddisetty and Rajiv Maddisetty are mutual person
Charges (Loans)
Open Charges
₹1,428.00 Cr
Satisfied Charges
₹103.50 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 1428.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jan 2024 | Canara Bank | ₹1,308.00 Cr | Open |
| 23 Jan 2024 | Canara Bank | ₹120.00 Cr | Open |
| 30 Jun 2014 | Canara Bank | ₹32.50 Cr | Satisfied |
| 20 Dec 2010 | Axis Bank Limited | ₹71.00 Cr | Satisfied |
How Many Employees Work at Pace Renewable Energies?
Pace Renewable Energies has a workforce of 2 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 Renewable Energies, 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 Renewable Energies'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 Renewable Energies
Recent activity within the organization
- Director Appointment
Meghana Purushotham Manchaiah was appointed as a Company Secretary was appointed as a Company Secretary on 21 Mar 2025 & has been associated with this company since 1 month 11 days .
- Annual General Meeting
Pace Renewable Energies Private Limited last Annual general meeting of members was held on 23 Jul 2024 as per latest MCA records.
- Balance Sheet
Pace Renewable Energies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Canara Bank amounted to Rs. 1,308.00 Cr with Charge ID 100862341 was registered on 23 Jan 2024.
- Charges
A charge with Canara Bank amounted to Rs. 120.00 Cr with Charge ID 100862349 was registered on 23 Jan 2024.
- Charges
A charge registered on 30 Jun 2014 via Charge ID 10527817 with Canara Bank was fully satisfied on 08 Jun 2020.
Frequently asked questions
What is the Incorporation or founding date of Pace Renewable Energies Private Limited?
Pace Renewable Energies Private Limited was incorporated on 31 Mar 2010.
What is authorized share capital and paid-up capital of Pace Renewable Energies Private Limited?
The authorized share capital of Pace Renewable Energies Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 10.44 Cr.
Who are the current board members & directors of Pace Renewable Energies Private Limited?
Currently 4 directors are associated with Pace Renewable Energies Private Limited.
- Maddisetty Padma
- Venugopalrao Maddisetty
- Rajiv Maddisetty
- Meghana Purushotham Manchaiah
What is the registered address of Pace Renewable Energies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Pace Renewable Energies Private Limited is Plot No. V-12 Industrial Estate Kumbalgodu -Mysore Highway, India, Bangalore, Karnataka, 560074.
What is the corporate identification number (CIN) and company number of Pace Renewable Energies Private Limited?
The corporate identification number (CIN) of Pace Renewable Energies Private Limited is U29307KA2010PTC053077 and the company number is 053077 as per Ministry of Corporate Affairs (MCA).
What is the official website of Pace Renewable Energies Private Limited?
The Official website of Pace Renewable Energies Private Limited is https://www.pacepowerindia.com
What has been the recent revenue trend for Pace Renewable Energies Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Pace Renewable Energies Private Limited has fallen by -61.84%.
How many employees does Pace Renewable Energies Private Limited currently have?
As Per 2023 financial reports, 2 employees are currently employed by Pace Renewable Energies Private Limited.
What change has been observed in the net worth of Pace Renewable Energies Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Pace Renewable Energies Private Limited has experienced an downturn of -4.90%.
What are the total open charges for Pace Renewable Energies Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Pace Renewable Energies Private Limited amount to ₹ 1,428.00 Cr.
When was the last Balance Sheet of Pace Renewable Energies Private Limited filed with the ROC?
The most recent Balance Sheet for Pace Renewable Energies Private Limited was filed with the ROC on 31 Mar 2024.
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