Parag Velvets Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 4.40 M
- Company Age 48 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 33.04 Cr
- Satisfied Charges ₹ 48.63 Cr
- Revenue Growth -16.31%
- Profit Growth -72.72%
- Ebitda -70.22%
- Net Worth 18.14%
- Total Assets 20.56%
About Parag Velvets
Parag Velvets Private Limited (PVPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 May 1976 and has a history of 48 years and nine months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Manufacturing 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 2.00 Cr and a paid-up capital of Rs 4.40 M.
The company currently has active open charges totaling ₹33.04 Cr. The company has closed loans amounting to ₹48.63 Cr, as per Ministry of Corporate Affairs (MCA) records.
Anand Tiwari and Dhruv Somani serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U17300MH1976PTC019030
- Company No.
019030
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 May 1976
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Parag Velvets?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anand Tiwari  | Director | 17-Dec-2018 | Current |
| Dhruv Somani | Director | 30-Apr-2021 | Current |
Financial Performance of Parag Velvets.
Parag Velvets Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.31% decrease. The company also saw a substantial fall in profitability, with a 72.72% decrease in profit. The company's net worth Soared by an impressive increase of 18.14%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Parag Velvets?
In 2023, Parag Velvets had a promoter holding of 99.98% and a public holding of 0.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Excel Craft Private LimitedDhruv Somani is a mutual person
Star Treck Syntex Private LimitedAnand Tiwari is a mutual person
- Navjeevan Synthetics Private Limited
Dhruv Somani is a mutual person
- Sukh Karta Textiles Private Limited
Dhruv Somani is a mutual person
- Silva Trading And Agencies Private Limited
Dhruv Somani is a mutual person
- Gopala Mercantile Private Limited
Dhruv Somani is a mutual person
Charges (Loans)
₹33.04 Cr
₹48.63 Cr
Charges Breakdown by Lending Institutions
- Karnataka Bank Ltd. : 16.71 Cr
- Others : 8.73 Cr
- Tata Capital Housing Finance Limited : 7.50 Cr
- Union Bank Of India : 0.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Aug 2024 | Tata Capital Housing Finance Limited | ₹7.50 Cr | Open |
| 20 Jun 2022 | Others | ₹8.73 Cr | Open |
| 30 Jan 2019 | Karnataka Bank Ltd. | ₹2.25 Cr | Open |
| 25 Apr 2014 | Karnataka Bank Ltd. | ₹1.00 Cr | Open |
| 13 Sep 2001 | Karnataka Bank Ltd. | ₹1.09 M | Open |
How Many Employees Work at Parag Velvets?
Unlock and access historical data on people associated with Parag Velvets, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Parag Velvets, 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 Parag Velvets'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.
