Pace Switchgears Profile
Key Indicators
- Authorised Capital ₹ 4.00 M
as on 16-07-2024
- Paid Up Capital ₹ 3.46 M
as on 16-07-2024
- Company Age 20 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1.00 Cr
as on 16-07-2024
- Satisfied Charges ₹ 9.90 M
as on 16-07-2024
- Revenue 76.70%
(FY 2023)
- Profit 881.67%
(FY 2023)
- Ebitda 3267.82%
(FY 2023)
- Net Worth 9.51%
(FY 2023)
- Total Assets 34.99%
(FY 2023)
About Pace Switchgears
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.
- 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
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
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 LimitedActive 19 years 4 monthsHarish Malvalli and Suma Harish are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Canara Bank Creation Date: 26 Feb 2005 | ₹1.00 Cr | Open |
Canara Bank Creation Date: 10 Aug 2018 | ₹7.85 M | Satisfied |
Canara Bank Creation Date: 31 Jan 2012 | ₹1.40 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.
