Pace Switchgears Profile
Key Indicators
- Authorised Capital ₹ 4.00 M
- Paid Up Capital ₹ 3.46 M
- Company Age 20 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1.00 Cr
- Satisfied Charges ₹ 9.90 M
- Revenue Growth 76.70%
- Profit Growth 881.67%
- Ebitda 3267.82%
- Net Worth 9.51%
- Total Assets 34.99%
About Pace Switchgears
Pace Switchgears Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 November 2004 and has a history of 20 years and four months. Its registered office is in Bangalore, Karnataka, India.
The Company is engaged in the Energy And Power 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 4.00 M and a paid-up capital of Rs 3.46 M.
The company currently has active open charges totaling ₹1.00 Cr. The company has closed loans amounting to ₹9.90 M, as per Ministry of Corporate Affairs (MCA) records.
Gangadharaiah Puttaiah, Harish Malvalli, Basavanna Hulikal, and One other member serve as directors at the Company.
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31200KA2004PTC035075
- Company No.
035075
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Nov 2004
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Energy and Power
Pace Switchgears Private Limited
Explore comprehensive data for Pace Switchgears Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Pace Switchgears?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harish Malvalli  | Managing Director | 23-Nov-2004 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Gangadharaiah Puttaiah | Director | 16-Jul-2005 | Current |
| Basavanna Hulikal | Director | 16-Jul-2005 | Current |
| Suma Harish | Director | 23-Nov-2004 | Current |
Financial Performance of Pace Switchgears.
Pace Switchgears Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 76.7% increase. The company also saw a substantial improvement in profitability, with a 881.67% increase in profit. The company's net worth moved up by a moderate rise of 9.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Pace Switchgears?
In 2023, Pace Switchgears 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 Electricals Private LimitedHarish Malvalli and Suma Harish are mutual person
Skysand LlpHarish Malvalli is a mutual person
Charges (Loans)
Open Charges
₹10.00 M
Satisfied Charges
₹9.90 M
Charges Breakdown by Lending Institutions
- Canara Bank : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Feb 2005 | Canara Bank | ₹1.00 Cr | Open |
| 10 Aug 2018 | Canara Bank | ₹7.85 M | Satisfied |
| 31 Jan 2012 | Canara Bank | ₹1.40 M | Satisfied |
| 26 Feb 2008 | Canara Bank | ₹0.65 M | Satisfied |
How Many Employees Work at Pace Switchgears?
Pace Switchgears has a workforce of 48 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 Pace Switchgears, 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 Switchgears'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 Switchgears
Recent activity within the organization
- Annual General Meeting
Pace Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Pace Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge registered on 10 Aug 2018 via Charge ID 100213609 with Canara Bank was fully satisfied on 05 Dec 2020.
- Charges
A charge registered on 31 Jan 2012 via Charge ID 10338580 with Canara Bank was fully satisfied on 05 Dec 2020.
- Charges
A charge registered on 26 Feb 2008 via Charge ID 10161249 with Canara Bank was fully satisfied on 05 Dec 2020.
- Charges
A charge with Canara Bank amounted to Rs. 7.85 M with Charge ID 100213609 was registered on 10 Aug 2018.
Frequently asked questions
What is the Incorporation or founding date of Pace Switchgears Private Limited?
Pace Switchgears Private Limited was incorporated on 23 Nov 2004.
What is authorized share capital and paid-up capital of Pace Switchgears Private Limited?
The authorized share capital of Pace Switchgears Private Limited is ₹ 4.00 M and paid-up capital is ₹ 3.46 M.
Who are the current board members & directors of Pace Switchgears Private Limited?
Currently 4 directors are associated with Pace Switchgears Private Limited.
- Gangadharaiah Puttaiah
- Harish Jaganatharao Malvalli
- Basavanna Shivaiahswamy Hulikal
- Suma Harish
What is the registered address of Pace Switchgears Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Pace Switchgears Private Limited is Sy. No. 2/10 Eeralingaiah Industrial Estate Srigandhadakaval Sunkadakatte, Bangalore, Karnataka, India, 560091.
What is the corporate identification number (CIN) and company number of Pace Switchgears Private Limited?
The corporate identification number (CIN) of Pace Switchgears Private Limited is U31200KA2004PTC035075 and the company number is 035075 as per Ministry of Corporate Affairs (MCA).
What is the official website of Pace Switchgears Private Limited?
The Official website of Pace Switchgears Private Limited is https://www.pace-group.com
What has been the recent revenue trend for Pace Switchgears Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Pace Switchgears Private Limited has risen by 76.70%.
How many employees does Pace Switchgears Private Limited currently have?
As Per 2023 financial reports, 48 employees are currently employed by Pace Switchgears Private Limited.
What change has been observed in the net worth of Pace Switchgears Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Pace Switchgears Private Limited has experienced an upsurge of 9.51%.
What are the total open charges for Pace Switchgears Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Pace Switchgears Private Limited amount to ₹ 1.00 Cr.
When was the last Balance Sheet of Pace Switchgears Private Limited filed with the ROC?
The most recent Balance Sheet for Pace Switchgears Private Limited was filed with the ROC on 31 Mar 2023.
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