Prakala Wealth Private Limited

Provides investment services including mutual funds, insurance, and fixed deposits.

2006 | Chennai, Tamil Nadu (India) | Active
Last Updated: January 19, 2025

Prakala Wealth Profile

Key Indicators

  • Authorised Capital ₹ 7.00 M
  • Paid Up Capital ₹ 6.25 M
  • Company Age 18 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 0.58 M
  • Revenue Growth 28.80%
  • Profit Growth 14.37%
  • Ebitda 23.95%
  • Net Worth 46.42%
  • Total Assets 13.64%

About Prakala Wealth

Prakala Wealth Private Limited (PWPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 June 2006 and has a history of 18 years and seven months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Prakala Wealth Management Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 7.00 M and a paid-up capital of Rs 6.25 M.

The company currently has active open charges totaling ₹0.58 M.

Chokkalingam Palaniappan and Chokkalingam Meenakshi serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65999TN2006PTC060392

  • Company No.

    060392

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Jun 2006

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Prakala Wealth?

Board Members (2)

Name Designation Appointment Date Status
Chokkalingam Meenakshi Country flag representing In Director 29-Jun-2006 Current
Chokkalingam Palaniappan Country flag representing In Director 29-Jun-2006 Current

Financial Performance of Prakala Wealth.

Prakala Wealth Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.8% increase. The company also saw a substantial improvement in profitability, with a 14.37% increase in profit. The company's net worth Soared by an impressive increase of 46.42%.

Graph illustrating revenue growth over time
Graph showing 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
28.80%
Revenue from Operations
28.92%
Total Assets
13.64%
Profit or Loss
14.37%
Net Worth
46.42%
EBITDA
23.95%

What is the Ownership and Shareholding Structure of Prakala Wealth?

Unlock access to Prakala Wealth'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

₹0.58 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Lakshmi Vilas Bank Limited : 0.06 Cr

Latest Charge Details

Date Lender Amount Status
05 Dec 2019 Lakshmi Vilas Bank Limited ₹0.58 M Open

How Many Employees Work at Prakala Wealth?

Unlock and access historical data on people associated with Prakala Wealth, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prakala Wealth, 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 Prakala Wealth'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 Prakala Wealth

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

    Prakala Wealth Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Charges

    A charge with Lakshmi Vilas Bank Limited amounted to Rs. 0.58 M with Charge ID 100311860 was registered on 05 Dec 2019.

    05 Dec 2019

  • Director Appointment

    Chokkalingam Palaniappan was appointed as a Director was appointed as a Director on 29 Jun 2006 & has been associated with this company since 18 years 7 months .

    29 Jun 2006

  • Director Appointment

    Chokkalingam Meenakshi was appointed as a Director was appointed as a Director on 29 Jun 2006 & has been associated with this company since 18 years 7 months .

    29 Jun 2006

  • Company Incorporation

    Prakala Wealth Private Limited was registered on 29 Jun 2006 with Roc Chennai & aged 18 years 7 months as per MCA records.

    29 Jun 2006

Frequently asked questions

  • Prakala Wealth Private Limited was incorporated on 29 Jun 2006.

  • The authorized share capital of Prakala Wealth Private Limited is ₹ 7.00 M and paid-up capital is ₹ 6.25 M.

  • Currently 2 directors are associated with Prakala Wealth Private Limited.

    • Chokkalingam Palaniappan
    • Chokkalingam Meenakshi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Prakala Wealth Private Limited is First Floor 2/102, Third Street Karpagam Avenue India, Chennai, Tamil Nadu, 600028.

  • The corporate identification number (CIN) of Prakala Wealth Private Limited is U65999TN2006PTC060392 and the company number is 060392 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Prakala Wealth Private Limited is https://www.prakala.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Prakala Wealth Private Limited has risen by 28.80%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Prakala Wealth Private Limited has experienced an upsurge of 46.42%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Prakala Wealth Private Limited amount to ₹ 0.58 M.

  • The most recent Balance Sheet for Prakala Wealth Private Limited was filed with the ROC on 31 Mar 2024.