Patel Sarees Private Limited

Online saree trading company with a wide range of sarees, menswear, and kurtis.

1996 | Mumbai, Maharashtra (India) | Active
Last Updated:

Patel Sarees Profile

Key Indicators

  • Authorised Capital ₹ 4.00 M
  • Paid Up Capital ₹ 0.80 M
  • Company Age 28 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 6.80 M
  • Revenue Growth 36.64%
  • Profit Growth 43.98%
  • Ebitda 10043.39%
  • Net Worth -57.04%
  • Total Assets -3.52%

About Patel Sarees

Patel Sarees Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 March 1996 and has a history of 28 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Home & Lifestyle 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 4.00 M and a paid-up capital of Rs 0.80 M.

The company has closed loans amounting to ₹6.80 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Vinay Shah, Bipin Shah, Jenish Shah, and Seven other members 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

    U17110MH1996PTC098401

  • Company No.

    098401

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Mar 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Home & Lifestyle
Fashion and Textile

Who are the key members and board of directors at Patel Sarees?

Board Members (10)

NameDesignationAppointment DateStatus
Rohan Shah Country flag representing In Director 12-Apr-2016Current
Vinay Shah Country flag representing In Director 25-Mar-1996Current
Bipin Shah Country flag representing In Director 25-Mar-1996Current
Jenish Shah Country flag representing In Director 12-Apr-2016Current
Mansukh Shah Country flag representing In Director 25-Mar-1996Current
Arpan Shah Country flag representing In Director 10-Jul-2014Current

Financial Performance of Patel Sarees.

Patel Sarees Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 36.64% increase. The company also saw a substantial improvement in profitability, with a 43.98% increase in profit. The company's net worth observed a substantial decline by a decrease of 57.04%.

Patel Sarees revenue growth over time
Patel Sarees 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
36.64%
Revenue from Operations
36.79%
Total Assets
-3.52%
Profit or Loss
43.98%
Net Worth
-57.04%
EBITDA
10043.39%

What is the Ownership and Shareholding Structure of Patel Sarees?

Unlock access to Patel Sarees's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹6.80 M

Charges Breakdown by Lending Institutions

  • Bank Of India : 0.50 Cr
  • Hdfc Bank Limited : 0.13 Cr
  • Citi Bank Na : 0.05 Cr

Latest Charge Details

DateLenderAmountStatus
27 Feb 2007Hdfc Bank Limited₹1.30 MSatisfied
22 Nov 2000Citi Bank Na₹0.50 MSatisfied
15 Jul 1996Bank Of India₹5.00 MSatisfied

How Many Employees Work at Patel Sarees?

Patel Sarees has a workforce of 11 employees as of Mar 31, 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 Patel Sarees Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Patel Sarees, 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 Patel Sarees'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 Patel Sarees

Recent activity within the organization

  • Annual General Meeting

    Patel Sarees Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Patel Sarees Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge registered on 22 Nov 2000 via Charge ID 90243493 with Citi Bank Na was fully satisfied on 31 May 2017.

  • Charges

    A charge registered on 15 Jul 1996 via Charge ID 90243289 with Bank Of India was fully satisfied on 05 May 2017.

  • Director Appointment

    Jenish Mansukhlal Shah was appointed as a Director was appointed as a Director on 12 Apr 2016 & has been associated with this company since 8 years 10 months .

  • Director Appointment

    Manjula Mansukh Shah was appointed as a Director was appointed as a Director on 12 Apr 2016 & has been associated with this company since 8 years 10 months .

Frequently asked questions

  • What is the Incorporation or founding date of Patel Sarees Private Limited?

    Patel Sarees Private Limited was incorporated on 25 Mar 1996.

  • What is authorized share capital and paid-up capital of Patel Sarees Private Limited?

    The authorized share capital of Patel Sarees Private Limited is ₹ 4.00 M and paid-up capital is ₹ 0.80 M.

  • Who are the current board members & directors of Patel Sarees Private Limited?

    Currently 10 directors are associated with Patel Sarees Private Limited.

    • Vinay Virji Shah
    • Bipin Virji Shah
    • Jenish Mansukhlal Shah
    • Mansukh Virji Shah
    • Arpan Vinay Shah
    • Robin Bipin Shah
    • Chandraben Vinay Shah
    • Nayna Bipin Shah
    • Manjula Mansukh Shah
    • Rohan Mansukh Shah

  • What is the registered address of Patel Sarees Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Patel Sarees Private Limited is 4 Reshamwala Bldgjivadaya Lane Ghatkopar West India, Mumbai, Maharashtra, 400086.

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

    The corporate identification number (CIN) of Patel Sarees Private Limited is U17110MH1996PTC098401 and the company number is 098401 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Patel Sarees Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Patel Sarees Private Limited has risen by 36.64%.

  • How many employees does Patel Sarees Private Limited currently have?

    As Per 2022 financial reports, 11 employees are currently employed by Patel Sarees Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Patel Sarees Private Limited has experienced an downturn of -57.04%.

  • When was the last Balance Sheet of Patel Sarees Private Limited filed with the ROC?

    The most recent Balance Sheet for Patel Sarees Private Limited was filed with the ROC on 31 Mar 2024.

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