Parsoli Motor Works Private Limited

Sells BMW cars as an authorized dealer.

2007 | Ahmedabad, Gujarat (India) | Under Insolvency
Last Updated: January 15, 2025

Parsoli Motor Works Profile

Key Indicators

  • Authorised Capital ₹ 18.00 Cr
  • Paid Up Capital ₹ 9.10 Cr
  • Company Age 17 Year, 6 Months
  • Last Filing with ROC 31 Mar 2018
  • Open Charges ₹ 80.10 Cr
  • Satisfied Charges ₹ 6.21 Cr
  • Revenue Growth -41.87%
  • Profit Growth 11.93%
  • Ebitda 26.16%
  • Net Worth -97.99%
  • Total Assets -37.50%

About Parsoli Motor Works

Parsoli Motor Works Private Limited (PMWPL) is Under Cirp company established on 21 Aug 2007 with its office registered at Ahmedabad, Gujarat, India and has been running since 17 Year, 6 Months with a paid up capital of 9.10 Cr. According to MCA records, 3 Directors are linked to this company as of 15 Jan 2025.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    parsoli.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U29199GJ2007PTC051546

  • Company No.

    051546

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Aug 2007

  • Date of AGM

    30 Sep 2018

  • Date of Balance Sheet

    31 Mar 2018

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Automotive

Who are the key members and board of directors at Parsoli Motor Works?

Executive Team (1)

NameDesignationAppointment DateStatus
Talha Sareshwala Country flag representing In Managing Director07-Feb-2008Current

Board Members (2)

NameDesignationAppointment DateStatus
Habib Sareshwala Country flag representing In Director 01-Jun-2013Current
Umar Sareshwala Country flag representing In Director 01-Oct-2011Current

Financial Performance of Parsoli Motor Works.

Parsoli Motor Works Private Limited, for the financial year ended 2018, experienced significant reduction in revenue, with a 41.87% decrease. The company also saw a substantial improvement in profitability, with a 11.93% increase in profit. The company's net worth observed a substantial decline by a decrease of 97.99%.

Graph illustrating revenue growth over time
Graph showing 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
-41.87%
Revenue from Operations
-41.87%
Total Assets
-37.50%
Profit or Loss
11.93%
Net Worth
-97.99%
EBITDA
26.16%

What is the Ownership and Shareholding Structure of Parsoli Motor Works?

In 2018, Parsoli Motor Works 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

₹80.10 Cr

Satisfied Charges

₹6.21 Cr

Charges Breakdown by Lending Institutions

  • Others : 80.10 Cr

Latest Charge Details

DateLenderAmountStatus
11 May 2017Others₹20.00 CrOpen
13 Apr 2014Others₹5.10 CrOpen
15 Nov 2010Others₹35.00 CrOpen
15 Nov 2010Others₹9.00 CrOpen
09 Feb 2008Others₹11.00 CrOpen

How Many Employees Work at Parsoli Motor Works?

Unlock and access historical data on people associated with Parsoli Motor Works, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Parsoli Motor Works, 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 Parsoli Motor Works'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 Parsoli Motor Works

Recent activity within the organization

  • Annual General Meeting

    Parsoli Motor Works Private Limited last Annual general meeting of members was held on 30 Sep 2018 as per latest MCA records.

    30 Sep 2018

  • Balance Sheet

    Parsoli Motor Works Private Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Ahmedabad.

    31 Mar 2018

  • Charges

    A charge registered on 15 Dec 2016 via Charge ID 100067633 with Others was fully satisfied on 16 Dec 2017.

    16 Dec 2017

  • Charges

    A charge registered on 15 Dec 2016 via Charge ID 100067638 with Others was fully satisfied on 16 Dec 2017.

    16 Dec 2017

  • Charges

    A charge registered on 15 Dec 2016 via Charge ID 100067643 with Others was fully satisfied on 16 Dec 2017.

    16 Dec 2017

  • Charges

    A charge registered on 15 Dec 2016 via Charge ID 100067829 with Others was fully satisfied on 16 Dec 2017.

    16 Dec 2017

Recent News, Updates & Announcement

Frequently asked questions

  • Parsoli Motor Works Private Limited was incorporated on 21 Aug 2007.

  • The authorized share capital of Parsoli Motor Works Private Limited is ₹ 18.00 Cr and paid-up capital is ₹ 9.10 Cr.

  • Currently 3 directors are associated with Parsoli Motor Works Private Limited.

    • Talha Yunus Sareshwala
    • Habib Zafar Sareshwala
    • Umar Uves Sareshwala
  • As per Ministry of Corporate Affairs (Mca), the registered address of Parsoli Motor Works Private Limited is B-7 4Th Floor Shalimar Complex Mahalaxmi, Paldi India, Ahmedabad, Gujarat, 380007.

  • The corporate identification number (CIN) of Parsoli Motor Works Private Limited is U29199GJ2007PTC051546 and the company number is 051546 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Parsoli Motor Works Private Limited is https://www.parsoli.com

  • According to the financial reports for the fiscal year 2018, the revenue trend for Parsoli Motor Works Private Limited has fallen by -41.87%.

  • The financial reports for the fiscal year 2018 indicates that The net worth of Parsoli Motor Works Private Limited has experienced an downturn of -97.99%.

  • As per the financial statements for fiscal Year 2018, The total open charges for Parsoli Motor Works Private Limited amount to ₹ 80.10 Cr.

  • The most recent Balance Sheet for Parsoli Motor Works Private Limited was filed with the ROC on 31 Mar 2018.

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