Paras Gears Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
- Paid Up Capital ₹ 0.48 M
- Company Age 26 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 2.00 M
- Revenue Growth 9473.91%
- Profit Growth 41.54%
- Ebitda 42.43%
- Net Worth -12.17%
- Total Assets -0.33%
About Paras Gears
Paras Gears Private Limited (PGPL) is a Private Limited Indian Non-Government Company incorporated in India on 31 July 1998 and has a history of 26 years and nine months. Its registered office is in Ahmedabad, Gujarat, India.
The Company is engaged in the Machinery And Equipment 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 0.50 M and a paid-up capital of Rs 0.48 M.
The company has closed loans amounting to ₹2.00 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Natverlal Modi, Varshaben Modi, and Rahul Modi serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28999GJ1998PTC034479
- Company No.
034479
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Jul 1998
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Machinery and Equipment
Paras Gears Private Limited
Explore comprehensive data for Paras Gears Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Paras Gears?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Varshaben Modi  | Director | 31-Jul-1998 | Current |
| Natverlal Modi | Director | 31-Jul-1998 | Current |
| Rahul Modi | Director | 16-Sep-2008 | Current |
Financial Performance of Paras Gears.
Paras Gears Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 9473.91% increase. The company also saw a substantial improvement in profitability, with a 41.54% increase in profit. The company's net worth observed a substantial decline by a decrease of 12.17%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Paras Gears?
In 2023, Paras Gears 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)
- Bhagwati Spintex Private Limited
Natverlal Modi and Rahul Modi are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹2.00 M
Charges Breakdown by Lending Institutions
- Bank Of Baroda : 0.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Mar 2011 | Bank Of Baroda | ₹1.50 M | Satisfied |
| 23 May 2003 | Bank Of Baroda | ₹0.50 M | Satisfied |
How Many Employees Work at Paras Gears?
Unlock and access historical data on people associated with Paras Gears, 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 Paras Gears, 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 Paras Gears's trajectory.
Rating
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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 Paras Gears
Recent activity within the organization
- Annual General Meeting
Paras Gears Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Paras Gears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge registered on 01 Mar 2011 via Charge ID 10273271 with Bank Of Baroda was fully satisfied on 05 Feb 2013.
- Charges
A charge with Bank Of Baroda amounted to Rs. 1.50 M with Charge ID 10273271 was registered on 01 Mar 2011.
- Director Appointment
Rahul Natvarbhai Modi was appointed as a Director was appointed as a Director on 16 Sep 2008 & has been associated with this company since 16 years 7 months .
- Charges
A charge registered on 23 May 2003 via Charge ID 90106745 with Bank Of Baroda was fully satisfied on 31 May 2007.
Frequently asked questions
What is the Incorporation or founding date of Paras Gears Private Limited?
Paras Gears Private Limited was incorporated on 31 Jul 1998.
What is authorized share capital and paid-up capital of Paras Gears Private Limited?
The authorized share capital of Paras Gears Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.48 M.
Who are the current board members & directors of Paras Gears Private Limited?
Currently 3 directors are associated with Paras Gears Private Limited.
- Natverlal Sonaji Modi
- Varshaben Natverlal Modi
- Rahul Natvarbhai Modi
What is the registered address of Paras Gears Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Paras Gears Private Limited is 122 Maheshwari Industrial Estate Tavdipura Shahibaug, India, Ahmedabad, Gujarat, 380004.
What is the corporate identification number (CIN) and company number of Paras Gears Private Limited?
The corporate identification number (CIN) of Paras Gears Private Limited is U28999GJ1998PTC034479 and the company number is 034479 as per Ministry of Corporate Affairs (MCA).
What is the official website of Paras Gears Private Limited?
The Official website of Paras Gears Private Limited is https://www.rmodigroup.com
What has been the recent revenue trend for Paras Gears Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Paras Gears Private Limited has risen by 9473.91%.
What change has been observed in the net worth of Paras Gears Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Paras Gears Private Limited has experienced an downturn of -12.17%.
When was the last Balance Sheet of Paras Gears Private Limited filed with the ROC?
The most recent Balance Sheet for Paras Gears Private Limited was filed with the ROC on 31 Mar 2024.
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