Pace Renewable Energies Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
as on 13-01-2025
- Paid Up Capital ₹ 10.44 Cr
as on 13-01-2025
- Company Age 14 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,428.00 Cr
as on 13-01-2025
- Satisfied Charges ₹ 103.50 Cr
as on 13-01-2025
- Revenue -61.84%
(FY 2023)
- Profit -560.58%
(FY 2023)
- Ebitda -117.50%
(FY 2023)
- Net Worth -4.90%
(FY 2023)
- Total Assets 2.70%
(FY 2023)
About Pace Renewable Energies
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.
Maddisetty Padma, Venugopalrao Maddisetty, and Rajiv Maddisetty serve as directors at the Company.
- 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
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Pace Renewable Energies?
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
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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 Infra Private LimitedActive 17 years 10 monthsMaddisetty Padma, Venugopalrao Maddisetty and 1 more are mutual person
Lineage Power Private LimitedActive 14 years 6 monthsMaddisetty Padma, Venugopalrao Maddisetty and 1 more are mutual person
Inso Pace Private LimitedActive 6 years 3 monthsMaddisetty Padma and Venugopalrao Maddisetty are mutual person
- Ap Digital Infra Private LimitedActive 6 years 4 months
Maddisetty Padma and Venugopalrao Maddisetty are mutual person
- Vpace Realtek Private LimitedActive 2 years 6 months
Venugopalrao Maddisetty and Rajiv Maddisetty are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Canara Bank Creation Date: 23 Jan 2024 | ₹120.00 Cr | Open |
Canara Bank Creation Date: 23 Jan 2024 | ₹1,308.00 Cr | Open |
Canara Bank Creation Date: 30 Jun 2014 | ₹32.50 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.
