Polar Auto And Engineering Industries Profile
Key Indicators
- Authorised Capital ₹ 0.30 M
- Paid Up Capital ₹ 0.19 M
- Company Age 56 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 50.00 K
- Satisfied Charges ₹ 3.04 Cr
- Revenue Growth 37.23%
- Profit Growth 130.09%
- Ebitda 43.69%
- Net Worth 24.15%
- Total Assets 13.51%
About Polar Auto And Engineering Industries
Polar Auto And Engineering Industries Private Limited (PAAEIPL) was founded in India on 05 August 1968 and has a glorious history of 56 years and six months. Its registered office is in Delhi, India.
The Company is engaged in the Automotive 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 0.30 M and a paid-up capital of Rs 0.19 M.
The company currently has active open charges totaling ₹50,000.00. The company has closed loans amounting to ₹3.04 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ajay Bhutani and Neeta Soorma serve as directors at the Company.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U74899DL1968PTC004925
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Company No.
004925
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
05 Aug 1968
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
Who are the key members and board of directors at Polar Auto And Engineering Industries?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajay Bhutani
|
Managing Director | 22-Sep-1996 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Neeta Soorma
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Director | 13-May-2015 | Current |
Financial Performance of Polar Auto And Engineering Industries.
Polar Auto And Engineering Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.23% increase. The company also saw a substantial improvement in profitability, with a 130.09% increase in profit. The company's net worth Soared by an impressive increase of 24.15%.
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What is the Ownership and Shareholding Structure of Polar Auto And Engineering Industries?
In 2023, Polar Auto And Engineering Industries had a promoter holding of 99.46% and a public holding of 0.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹0.05 M
₹30.41 M
Charges Breakdown by Lending Institutions
- National & Grindlays Bank Ltd : 0.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Nov 1968 | National & Grindlays Bank Ltd | ₹0.05 M | Open |
| 15 Dec 2009 | Syndicate Bank | ₹1.00 M | Satisfied |
| 25 Apr 2007 | Syndicate Bank | ₹9.50 M | Satisfied |
| 28 Sep 2006 | Syndicate Bank | ₹1.15 M | Satisfied |
| 18 Jul 2002 | Syndicate Bank | ₹9.00 M | Satisfied |
How Many Employees Work at Polar Auto And Engineering Industries?
Polar Auto And Engineering Industries has a workforce of 20 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Polar Auto And Engineering 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 Polar Auto And Engineering 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.
