Powergear Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 2.37 Cr
- Company Age 44 Year, 10 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 ten 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
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%.
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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)
₹116.59 Cr
₹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.
