Powergear Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 2.37 Cr
- Company Age 44 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 116.59 Cr
- Revenue Growth 102.35%
- Profit Growth 258.29%
- Ebitda 236.31%
- Net Worth 10.03%
- Total Assets 22.48%
About Powergear
Powergear Limited (PL) is a leading Public Limited Indian Non-Government Company incorporated in India on 26 March 1980 and has a history of 44 years and 11 months. Its registered office is in Kanchipuram, Tamil Nadu, India.
The Corporate was formerly known as Powergear Private Limited. The Company is engaged in the Energy And Power 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 Cr and a paid-up capital of Rs 2.37 Cr.
The company currently has active open charges totaling ₹116.59 Cr.
The Key Managerial Personnel (KMP) at Powergear Limited India is Sreenivasulu Palle as COMPANY SECRETARY. Durairaj Xavier, Rajesh Durairaj, Tirukkurungudi Srinivasan, and Two other members serve as directors at the Company.
Company Details
- Location
Kanchipuram, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U32109TN1980PLC090740
- Company No.
090740
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
26 Mar 1980
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Energy and Power
What products or services does Powergear Limited offer?
Powergear Limited offers a wide range of products and services, including Electroplating Services, Chrome Electroplating Services, Switches & Switch Boxes, Industrial Switches, Transformers & Transformer Parts, Isolation Transformers, Building Panels & Cladding Materials, Wall & Roof Panels, Diesel Engine Generator Set, Power Generator.
Who are the key members and board of directors at Powergear?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Durairaj  | Managing Director | 28-Sep-2007 | Current |
| Sreenivasulu Palle | Company Secretary | 01-Jan-2008 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Durairaj Xavier | Director | 11-Sep-2000 | Current |
| Tirukkurungudi Srinivasan | Director | 03-Feb-2021 | Current |
| Srinivasa Uppuluri | Director | 21-Aug-2023 | Current |
| Govindarao Subbarao | Director | 26-Mar-1980 | Current |
Financial Performance of Powergear.
Powergear Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 102.35% increase. The company also saw a substantial improvement in profitability, with a 258.29% increase in profit. The company's net worth Soared by an impressive increase of 10.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Powergear?
In 2023, Powergear had a promoter holding of 42.89% and a public holding of 57.12%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Reep Industries Private LimitedDurairaj Xavier, Rajesh Durairaj and 1 more are mutual person
Mmj Smart Solutions Private LimitedTirukkurungudi Srinivasan is a mutual person
Constronics Infra LimitedTirukkurungudi Srinivasan is a mutual person
Pentamedia Graphics LimitedTirukkurungudi Srinivasan is a mutual person
Nireta Brands LlpDurairaj Xavier and Rajesh Durairaj are mutual person
- Gilt Sterling Private Limited
Durairaj Xavier is a mutual person
Charges (Loans)
Open Charges
₹116.59 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 115.89 Cr
- Axis Bank Limited : 0.70 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Oct 2021 | Axis Bank Limited | ₹7.00 M | Open |
| 04 Nov 1989 | State Bank Of India | ₹115.89 Cr | Open |
How Many Employees Work at Powergear?
Powergear has a workforce of 215 employees as of Oct 04, 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 Powergear, 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 Powergear'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.
Latest Updates, News, and FAQs on Powergear
Recent activity within the organization
- Annual General Meeting
Powergear Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Powergear Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge with State Bank Of India of Rs. 115.89 Cr registered on 04 Nov 1989 with Charge ID 80022624 was modified on 28 Feb 2023.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.70 Cr with Charge ID 100498774 was registered on 18 Oct 2021.
- Director Appointment
Tirukkurungudi Seshadri Srinivasan was appointed as a Director was appointed as a Director on 03 Feb 2021 & has been associated with this company since 4 years 1 month .
- Director Appointment
Sreenivasulu Palle was appointed as a Company Secretary was appointed as a Company Secretary on 01 Jan 2008 & has been associated with this company since 17 years 2 months .
Frequently asked questions
What is the Incorporation or founding date of Powergear Limited?
Powergear Limited was incorporated on 26 Mar 1980.
What is authorized share capital and paid-up capital of Powergear Limited?
The authorized share capital of Powergear Limited is ₹ 5.00 Cr and paid-up capital is ₹ 2.37 Cr.
Who are the current board members & directors of Powergear Limited?
Currently 6 directors are associated with Powergear Limited.
- Durairaj Xavier
- Rajesh Xavier Durairaj
- Tirukkurungudi Seshadri Srinivasan
- Sreenivasulu Palle
- Srinivasa Venu Uppuluri
- Govindarao Subbarao
What is the registered address of Powergear Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Powergear Limited is Plot No.B-33 Phase 2 5Th Main Road, Mepz- Sez Tambaram India, Chennai, Tamil Nadu, 600045.
What is the corporate identification number (CIN) and company number of Powergear Limited?
The corporate identification number (CIN) of Powergear Limited is U32109TN1980PLC090740 and the company number is 090740 as per Ministry of Corporate Affairs (MCA).
What is the official website of Powergear Limited?
The Official website of Powergear Limited is https://www.powergearlimited.com
What has been the recent revenue trend for Powergear Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Powergear Limited has risen by 102.35%.
How many employees does Powergear Limited currently have?
As Per 2023 financial reports, 215 employees are currently employed by Powergear Limited.
What change has been observed in the net worth of Powergear Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Powergear Limited has experienced an upsurge of 10.03%.
What are the total open charges for Powergear Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Powergear Limited amount to ₹ 116.59 Cr.
When was the last Balance Sheet of Powergear Limited filed with the ROC?
The most recent Balance Sheet for Powergear Limited was filed with the ROC on 31 Mar 2023.
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