Parasakti Cement Industries Profile
Key Indicators
- Authorised Capital ₹ 80.00 Cr
- Paid Up Capital ₹ 17.50 Cr
- Company Age 31 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 326.61 Cr
- Satisfied Charges ₹ 437.42 Cr
- Revenue Growth 4.34%
- Profit Growth -215.58%
- Ebitda -50.59%
- Net Worth -459.30%
- Total Assets -2.90%
About Parasakti Cement Industries
Parasakti Cement Industries Limited (PCIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 May 1993 and has a history of 31 years and eight months. Its registered office is in Rangareddy, Telangana, India.
The Corporate was formerly known as Chola Cements Limited. 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 80.00 Cr and a paid-up capital of Rs 17.50 Cr.
The company currently has active open charges totaling ₹326.61 Cr. The company has closed loans amounting to ₹437.42 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Parasakti Cement Industries Limited India are Amarnatha Kanugonda as CFO and Mahesh Vemula as Company Secretary. Munikrishna Papagari, Yashwanth Papagari, Leelavathi Dachepalli, and Two other members serve as directors at the Company.
Company Details
- Location
Rangareddy, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U26942TG1993PLC015764
- Company No.
015764
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
14 May 1993
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
What products or services does Parasakti Cement Industries Limited offer?
Parasakti Cement Industries Limited offers a wide range of products and services, including Cement and Concrete, Cement, Portland Cement, Sulphate Resistant Cement.
Who are the key members and board of directors at Parasakti Cement Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yashwanth Papagari  | Managing Director | 29-Sep-2006 | Current |
| Amarnatha Kanugonda | CFO | 27-Mar-2015 | Current |
| Mahesh Vemula | Company Secretary | 21-Mar-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Munikrishna Papagari | Whole-Time Director | 01-May-2015 | Current |
| Leelavathi Dachepalli | Director | 30-Mar-2015 | Current |
| Ramakrishna Garisa | Director | 30-Mar-2015 | Current |
| Meenakshi Venkatesan | Director | 12-Mar-2021 | Current |
Financial Performance of Parasakti Cement Industries.
Parasakti Cement Industries Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.34% increase. The company also saw a substantial fall in profitability, with a 215.58% decrease in profit. The company's net worth observed a substantial decline by a decrease of 459.3%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Parasakti Cement Industries?
In 2023, Parasakti Cement Industries 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)
Turbovent Industries Private LimitedYashwanth Papagari and Meenakshi Venkatesan are mutual person
Turbo Cement Private LimitedYashwanth Papagari and Meenakshi Venkatesan are mutual person
Reitz India LimitedMunikrishna Papagari and Yashwanth Papagari are mutual person
Myk Arment Private LimitedMunikrishna Papagari is a mutual person
Myk Laticrete Private LimitedMunikrishna Papagari is a mutual person
- Myk Laticrete India Private Limited
Munikrishna Papagari is a mutual person
Charges (Loans)
₹326.61 Cr
₹437.42 Cr
Charges Breakdown by Lending Institutions
- Others : 210.00 Cr
- Yes Bank Limited : 53.50 Cr
- Axis Bank Limited : 35.91 Cr
- Idbi Bank Limited : 27.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2024 | Axis Bank Limited | ₹6.52 M | Open |
| 17 Mar 2023 | Others | ₹185.00 Cr | Open |
| 29 Jun 2022 | Others | ₹25.00 Cr | Open |
| 26 May 2022 | Axis Bank Limited | ₹35.00 Cr | Open |
| 24 Jan 2022 | Axis Bank Limited | ₹2.59 M | Open |
How Many Employees Work at Parasakti Cement Industries?
Parasakti Cement Industries has a workforce of 407 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 Parasakti Cement Industries, 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 Parasakti Cement Industries'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.
