Parasakti Cement Industries Limited

This company manufactures and sells four grades of cement in South India.

1993 | Rangareddy, Telangana (India) | Active
Last Updated:

Parasakti Cement Industries Profile

Key Indicators

  • Authorised Capital ₹ 80.00 Cr
  • Paid Up Capital ₹ 17.50 Cr
  • Company Age 31 Year, 9 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 nine 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

    parasakticement.com

  • 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

Manufacturing

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)

NameDesignationAppointment DateStatus
Yashwanth Papagari Country flag representing In Managing Director29-Sep-2006Current
Amarnatha Kanugonda Country flag representing In CFO27-Mar-2015Current
Mahesh Vemula Country flag representing In Company Secretary21-Mar-2024Current

Board Members (4)

NameDesignationAppointment DateStatus
Munikrishna Papagari Country flag representing In Whole-Time Director 01-May-2015Current
Leelavathi Dachepalli Country flag representing In Director 30-Mar-2015Current
Ramakrishna Garisa Country flag representing In Director 30-Mar-2015Current
Meenakshi Venkatesan Country flag representing In Director 12-Mar-2021Current

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%.

Parasakti Cement Industries revenue growth over time
Parasakti Cement Industries 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
4.34%
Revenue from Operations
4.45%
Total Assets
-2.90%
Profit or Loss
-215.58%
Net Worth
-459.30%
EBITDA
-50.59%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹326.61 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
30 Jun 2024Axis Bank Limited₹6.52 MOpen
17 Mar 2023Others₹185.00 CrOpen
29 Jun 2022Others₹25.00 CrOpen
26 May 2022Axis Bank Limited₹35.00 CrOpen
24 Jan 2022Axis Bank Limited₹2.59 MOpen

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.

Employee growth trends for Parasakti Cement Industries Limited

Deals i

Graph showing company valuation over time

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

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 Parasakti Cement Industries

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 0.65 Cr with Charge ID 100950491 was registered on 30 Jun 2024.

  • Charges

    A charge with Others of Rs. 185.00 Cr registered on 17 Mar 2023 with Charge ID 100688607 was modified on 14 Jun 2024.

  • Director Appointment

    Mahesh Reddy Vemula was appointed as a Company Secretary was appointed as a Company Secretary on 21 Mar 2024 & has been associated with this company since 11 months 11 days .

  • Annual General Meeting

    Parasakti Cement Industries Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 25.00 Cr registered on 29 Jun 2022 with Charge ID 100591848 was modified on 14 Jun 2023.

  • Balance Sheet

    Parasakti Cement Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

Frequently asked questions

  • What is the Incorporation or founding date of Parasakti Cement Industries Limited?

    Parasakti Cement Industries Limited was incorporated on 14 May 1993.

  • What is authorized share capital and paid-up capital of Parasakti Cement Industries Limited?

    The authorized share capital of Parasakti Cement Industries Limited is ₹ 80.00 Cr and paid-up capital is ₹ 17.50 Cr.

  • Who are the current board members & directors of Parasakti Cement Industries Limited?

    Currently 7 directors are associated with Parasakti Cement Industries Limited.

    • Munikrishna Papagari
    • Yashwanth Krishna Papagari
    • Leelavathi Dachepalli
    • Ramakrishna Reddy Garisa
    • Meenakshi Venkatesan
    • Amarnatha Reddy Kanugonda
    • Mahesh Reddy Vemula

  • What is the registered address of Parasakti Cement Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Parasakti Cement Industries Limited is Myscape Weave 5Th Floor, Financial District India, Seri Lingampally, Telangana, 500032.

  • What is the corporate identification number (CIN) and company number of Parasakti Cement Industries Limited?

    The corporate identification number (CIN) of Parasakti Cement Industries Limited is U26942TG1993PLC015764 and the company number is 015764 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Parasakti Cement Industries Limited?

    The Official website of Parasakti Cement Industries Limited is https://www.parasakticement.com

  • What has been the recent revenue trend for Parasakti Cement Industries Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Parasakti Cement Industries Limited has risen by 4.34%.

  • How many employees does Parasakti Cement Industries Limited currently have?

    As Per 2023 financial reports, 407 employees are currently employed by Parasakti Cement Industries Limited.

  • What change has been observed in the net worth of Parasakti Cement Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Parasakti Cement Industries Limited has experienced an downturn of -459.30%.

  • What are the total open charges for Parasakti Cement Industries Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Parasakti Cement Industries Limited amount to ₹ 326.61 Cr.

  • When was the last Balance Sheet of Parasakti Cement Industries Limited filed with the ROC?

    The most recent Balance Sheet for Parasakti Cement Industries Limited was filed with the ROC on 31 Mar 2023.

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