Parag Velvets Private Limited

Textile processing and manufacturing since 1976, based in Mumbai.

1976 | Mumbai, Maharashtra (India) | Active
Last Updated:

Parag Velvets Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 4.40 M
  • Company Age 49 Year, 3 Days
  • 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 49 years. 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

Manufacturing
Company report

Parag Velvets Private Limited

Explore comprehensive data for Parag Velvets Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Parag Velvets?

Board Members (2)

NameDesignationAppointment DateStatus
Anand Tiwari Country flag representing In Director 17-Dec-2018Current
Dhruv Somani Country flag representing In Director 30-Apr-2021Current

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%.

Parag Velvets revenue growth over time
Parag Velvets profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-16.31%
Revenue from Operations
-16.40%
Total Assets
20.56%
Profit or Loss
-72.72%
Net Worth
18.14%
EBITDA
-70.22%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹33.04 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
08 Aug 2024Tata Capital Housing Finance Limited₹7.50 CrOpen
20 Jun 2022Others₹8.73 CrOpen
30 Jan 2019Karnataka Bank Ltd.₹2.25 CrOpen
25 Apr 2014Karnataka Bank Ltd.₹1.00 CrOpen
13 Sep 2001Karnataka Bank Ltd.₹1.09 MOpen

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.

Employee growth trends for Parag Velvets Private Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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 Parag Velvets

Recent activity within the organization

  • Charges

    A charge with Tata Capital Housing Finance Limited amounted to Rs. 7.50 Cr with Charge ID 100966842 was registered on 08 Aug 2024.

  • Charges

    A charge registered on 14 Jan 2022 via Charge ID 100532819 with Karnataka Bank Ltd. was fully satisfied on 05 Aug 2024.

  • Charges

    A charge registered on 15 Jun 2020 via Charge ID 100354463 with Karnataka Bank Ltd. was fully satisfied on 05 Aug 2024.

  • Charges

    A charge registered on 15 Dec 2021 via Charge ID 100513153 with Others was fully satisfied on 20 Dec 2023.

  • Charges

    A charge registered on 13 Oct 2020 via Charge ID 100404484 with Others was fully satisfied on 20 Dec 2023.

  • Charges

    A charge registered on 21 Jul 2020 via Charge ID 100404475 with Others was fully satisfied on 20 Dec 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Parag Velvets Private Limited?

    Parag Velvets Private Limited was incorporated on 22 May 1976.

  • What is authorized share capital and paid-up capital of Parag Velvets Private Limited?

    The authorized share capital of Parag Velvets Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 4.40 M.

  • Who are the current board members & directors of Parag Velvets Private Limited?

    Currently 2 directors are associated with Parag Velvets Private Limited.

    • Anand Housila Prasad Tiwari
    • Dhruv Kumar Somani

  • What is the registered address of Parag Velvets Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Parag Velvets Private Limited is 158/164 Kalbadevi Roadlaxmi Bhawan India, Mumbai, Maharashtra, 400002.

  • What is the corporate identification number (CIN) and company number of Parag Velvets Private Limited?

    The corporate identification number (CIN) of Parag Velvets Private Limited is U17300MH1976PTC019030 and the company number is 019030 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Parag Velvets Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Parag Velvets Private Limited has fallen by -16.31%.

  • What change has been observed in the net worth of Parag Velvets Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Parag Velvets Private Limited has experienced an upsurge of 18.14%.

  • What are the total open charges for Parag Velvets Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Parag Velvets Private Limited amount to ₹ 33.04 Cr.

  • When was the last Balance Sheet of Parag Velvets Private Limited filed with the ROC?

    The most recent Balance Sheet for Parag Velvets Private Limited was filed with the ROC on 31 Mar 2023.

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