Palred Technologies Profile
Key Indicators
- Authorised Capital ₹ 35.00 Cr
- Paid Up Capital ₹ 12.23 Cr
- Company Age 25 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 71.38 Cr
- Satisfied Charges ₹ 80.28 Cr
- Revenue Growth 55.20%
- Profit Growth -31.26%
- Ebitda 79.23%
- Net Worth 70.55%
- Total Assets 69.20%
About Palred Technologies
Palred Technologies Limited (PTL) is a Public Limited Indian Non-Government Company incorporated in India on 24 December 1999 and has a history of 25 years and five months. Its registered office is in Hyderabad, Telangana, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532521 and on the National Stock Exchange(NSE) under PALREDTEC.
The Corporate was formerly known as Four Soft Limited. The Company is engaged in the E-Commerce 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 35.00 Cr and a paid-up capital of Rs 12.23 Cr.
The company currently has active open charges totaling ₹71.38 Cr. The company has closed loans amounting to ₹80.28 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Palred Technologies Limited India are Pinekalapati Naidu as CFO and Shruti Rege as Company Secretary. Srikar Reddy, Supriya Palem, Vijaya Sribhashyam, and Three other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
E-Commerce
What products or services does Palred Technologies Limited offer?
Palred Technologies Limited offers a wide range of products and services, including Computer Hard Disk, RAM & Pen Drives, Pen Drive, Mobile Phone & Accessories, Mobile Cover.
Palred Technologies Limited
Explore comprehensive data for Palred Technologies Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Palred Technologies?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Supriya Palem  | Managing Director | 31-Aug-2020 | Current |
| Pinekalapati Naidu | CFO | 25-Mar-2019 | Current |
| Shruti Rege | Company Secretary | 05-Aug-2019 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Srikar Reddy | Director | 31-Aug-2020 | Current |
| Vijaya Sribhashyam | Director | 14-May-2015 | Current |
| Atul Sharma | Director | 14-May-2015 | Current |
| Aakanksha | Director | 25-Jun-2020 | Current |
| Stuthi Reddy | Director | 31-Aug-2020 | Current |
Financial Performance of Palred Technologies.
Palred Technologies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 55.2% increase. The company also saw a substantial fall in profitability, with a 31.26% decrease in profit. The company's net worth Soared by an impressive increase of 70.55%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Palred Technologies?
In 2022, Palred Technologies had a promoter holding of 37.78% and a public holding of 62.22%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Palred Retail Private LimitedVijaya Sribhashyam and Stuthi Reddy are mutual person
Bandaram Pharma Packtech LimitedAakanksha is a mutual person
Visaka Industries Ltd.Srikar Reddy is a mutual person
Sonata Software LimitedSrikar Reddy is a mutual person
- Sonata Information Technology Limited
Srikar Reddy is a mutual person
- Palred Electronics Private Limited
Vijaya Sribhashyam, Shruti Rege and 1 more are mutual person
Charges (Loans)
Open Charges
₹71.38 Cr
Satisfied Charges
₹80.28 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 70.98 Cr
- Punjab National Bank (International) Limited : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Aug 2023 | Axis Bank Limited | ₹70.98 Cr | Open |
| 11 Dec 2011 | Punjab National Bank (International) Limited | ₹4.00 M | Open |
| 12 Apr 2013 | Punjab National Bank (International) Limited | ₹17.83 Cr | Satisfied |
| 25 Jan 2007 | Unit Trust Of India Investment Advisory Services Limited | ₹62.45 Cr | Satisfied |
How Many Employees Work at Palred Technologies?
Palred Technologies has a workforce of 4 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 Palred Technologies, 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 Palred Technologies'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 Palred Technologies
Recent activity within the organization
- Annual General Meeting
Palred Technologies Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Balance Sheet
Palred Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Axis Bank Limited of Rs. 70.98 Cr registered on 28 Aug 2023 with Charge ID 100784029 was modified on 11 Dec 2023.
- Charges
A charge with Axis Bank Limited amounted to Rs. 70.98 Cr with Charge ID 100784029 was registered on 28 Aug 2023.
- Director Appointment
Srikar Palem Reddy was appointed as a Director was appointed as a Director on 31 Aug 2020 & has been associated with this company since 4 years 8 months .
- Director Appointment
Supriya Reddy Palem was appointed as a Managing Director was appointed as a Managing Director on 31 Aug 2020 & has been associated with this company since 4 years 8 months .
Recent News, Updates & Announcement
- Mobile accessories brand PTron expands offline network in India.
The other five lead distributors are located in New Delhi, Chennai, Ahmedabad, Pune and Jaipur, while the overall distributors network of PTron has crossed 40 spread over 12 states across the country..
Frequently asked questions
What is the Incorporation or founding date of Palred Technologies Limited?
Palred Technologies Limited was incorporated on 24 Dec 1999.
What is authorized share capital and paid-up capital of Palred Technologies Limited?
The authorized share capital of Palred Technologies Limited is ₹ 35.00 Cr and paid-up capital is ₹ 12.23 Cr.
Who are the current board members & directors of Palred Technologies Limited?
Currently 8 directors are associated with Palred Technologies Limited.
- Srikar Palem Reddy
- Supriya Reddy Palem
- Vijaya Saradhi Sribhashyam
- Atul Sharma
- Aakanksha
- Pinekalapati Harish Naidu
- Shruti Mangesh Rege
- Stuthi Reddy
What is the registered address of Palred Technologies Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Palred Technologies Limited is H.No. 8-2-703/2/B Plot.No.2 Road.No.12, Banjara Hills India, Hyderabad, Telangana, 500034.
What is the corporate identification number (CIN) and company number of Palred Technologies Limited?
The corporate identification number (CIN) of Palred Technologies Limited is L72200TG1999PLC033131 and the company number is 033131 as per Ministry of Corporate Affairs (MCA).
Is Palred Technologies Limited registered with any stock exchange in India?
Yes, Palred Technologies Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): PALREDTEC.
What is the official website of Palred Technologies Limited?
The Official website of Palred Technologies Limited is https://www.palred.com
What has been the recent revenue trend for Palred Technologies Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Palred Technologies Limited has risen by 55.20%.
How many employees does Palred Technologies Limited currently have?
As Per 2023 financial reports, 4 employees are currently employed by Palred Technologies Limited.
What change has been observed in the net worth of Palred Technologies Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Palred Technologies Limited has experienced an upsurge of 70.55%.
What are the total open charges for Palred Technologies Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Palred Technologies Limited amount to ₹ 71.38 Cr.
When was the last Balance Sheet of Palred Technologies Limited filed with the ROC?
The most recent Balance Sheet for Palred Technologies Limited was filed with the ROC on 31 Mar 2024.
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