Polad Finance Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 0.62 M
- Company Age 41 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3.90 Cr
- Revenue Growth %
- Profit Growth 98.30%
- Ebitda 99.27%
- Net Worth -9.53%
- Total Assets -42.21%
About Polad Finance
Polad Finance Ltd (PFL) is a Public Limited Indian Non-Government Company incorporated in India on 20 June 1983 and has a history of 41 years and eight months. Its registered office is in Ahmedabad, Gujarat, India.
The Company is engaged in the Financial Services 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 5.00 M and a paid-up capital of Rs 0.62 M.
The company currently has active open charges totaling ₹3.90 Cr.
Dharmesh Somaiya, Ashok Vithalani, and Amit Somaiya 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
U65910GJ1983PLC006307
- Company No.
006307
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Jun 1983
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Financial Services
Polad Finance Ltd
Explore comprehensive data for Polad Finance Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Polad Finance?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Amit Somaiya  | Director | 01-Mar-2001 | Current |
| Dharmesh Somaiya | Director | 12-Oct-1988 | Current |
| Ashok Vithalani | Director | 11-Apr-1994 | Current |
Financial Performance of Polad Finance.
Polad Finance Ltd, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 98.3% increase in profit. The company's net worth dipped by a decrease of 9.53%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Polad Finance?
In 2023, Polad Finance had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹39.00 M
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Union Bank Of India : 3.40 Cr
- The Federal Babk Ltd. : 0.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 1999 | Union Bank Of India | ₹3.40 Cr | Open |
| 26 Mar 1997 | The Federal Babk Ltd. | ₹5.00 M | Open |
How Many Employees Work at Polad Finance?
Unlock and access historical data on people associated with Polad Finance, 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 Polad Finance, 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 Polad Finance'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 Polad Finance
Recent activity within the organization
- Annual General Meeting
Polad Finance Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Polad Finance Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Charges
A charge with Union Bank Of India of Rs. 34.00 M registered on 30 Oct 1999 with Charge ID 90107776 was modified on 17 Nov 2008.
- Director Appointment
Amit Dharmesh Somaiya was appointed as a Director was appointed as a Director on 01 Mar 2001 & has been associated with this company since 24 years 11 days .
- Charges
A charge with Union Bank Of India amounted to Rs. 34.00 M with Charge ID 90107776 was registered on 30 Oct 1999.
- Charges
A charge with The Federal Babk Ltd. amounted to Rs. 5.00 M with Charge ID 90107613 was registered on 26 Mar 1997.
Frequently asked questions
What is the Incorporation or founding date of Polad Finance Ltd?
Polad Finance Ltd was incorporated on 20 Jun 1983.
What is authorized share capital and paid-up capital of Polad Finance Ltd?
The authorized share capital of Polad Finance Ltd is ₹ 5.00 M and paid-up capital is ₹ 0.62 M.
Who are the current board members & directors of Polad Finance Ltd?
Currently 3 directors are associated with Polad Finance Ltd.
- Dharmesh Bhimji Somaiya
- Ashok Purshottam Vithalani
- Amit Dharmesh Somaiya
What is the registered address of Polad Finance Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Polad Finance Ltd is Ground Floor Shop No.1 Indraprasth Business Park Nr Dav School Prahladnagar Extension Off. S.G. Highway, Makarba India, Ahmadabad City, Gujarat, 380051.
What is the corporate identification number (CIN) and company number of Polad Finance Ltd?
The corporate identification number (CIN) of Polad Finance Ltd is U65910GJ1983PLC006307 and the company number is 006307 as per Ministry of Corporate Affairs (MCA).
What is the official website of Polad Finance Ltd?
The Official website of Polad Finance Ltd is https://www.polad.net
What change has been observed in the net worth of Polad Finance Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Polad Finance Ltd has experienced an downturn of -9.53%.
What are the total open charges for Polad Finance Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Polad Finance Ltd amount to ₹ 3.90 Cr.
When was the last Balance Sheet of Polad Finance Ltd filed with the ROC?
The most recent Balance Sheet for Polad Finance Ltd was filed with the ROC on 31 Mar 2023.
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