Prakar Automotive India Private Limited

Imports and distributes various types of vehicles, including cars, trucks, and aircraft.

2020 | Salem, Tamil Nadu (India) | Active
Last Updated: June 15, 2024

Prakar Automotive India Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 2.51 Cr
  • Company Age 4 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 22.20 Cr
  • Satisfied Charges ₹ 6.30 M
  • Revenue Growth 54.87%
  • Profit Growth 168.49%
  • Ebitda 125.15%
  • Net Worth 144.60%
  • Total Assets 35.61%

About Prakar Automotive India

Prakar Automotive India Private Limited (PAIPL) is a Private Limited Indian Non-Government Company incorporated in India on 09 October 2020 (Four years and four months 15 days old ). Its registered office is in Salem, Tamil Nadu, India.

The Company is engaged in the Automobiles 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 2.51 Cr.

The company currently has active open charges totaling ₹22.20 Cr. The company has closed loans amounting to ₹6.30 M, as per Ministry of Corporate Affairs (MCA) records.

Balasubramanian Prabhakaran, Chinnappa Kumar, and Karthikeyan Varrdhan serve as directors at the Company.

Company Details

  • Location

    Salem, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    volvo-tn.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U50402TZ2020PTC034710

  • Company No.

    034710

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Oct 2020

  • Date of AGM

    23 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Automobiles

Who are the key members and board of directors at Prakar Automotive India?

Board Members (3)

NameDesignationAppointment DateStatus
Balasubramanian Prabhakaran Country flag representing In Director 09-Oct-2020Current
Chinnappa Kumar Country flag representing In Whole-Time Director 07-Dec-2020Current
Karthikeyan Varrdhan Country flag representing In Director 09-Oct-2020Current

Financial Performance of Prakar Automotive India.

Prakar Automotive India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 54.87% increase. The company also saw a substantial improvement in profitability, with a 168.49% increase in profit. The company's net worth Soared by an impressive increase of 144.6%.

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
54.87%
Revenue from Operations
54.59%
Total Assets
35.61%
Profit or Loss
168.49%
Net Worth
144.60%
EBITDA
125.15%

What is the Ownership and Shareholding Structure of Prakar Automotive India?

In 2023, Prakar Automotive India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹22.20 Cr

Satisfied Charges

₹0.63 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 20.75 Cr
  • Others : 1.45 Cr

Latest Charge Details

DateLenderAmountStatus
26 Mar 2024Others₹1.45 CrOpen
07 Apr 2021Hdfc Bank Limited₹20.75 CrOpen
27 Feb 2023Others₹1.50 MSatisfied
25 Nov 2022State Bank Of India₹4.80 MSatisfied

How Many Employees Work at Prakar Automotive India?

Prakar Automotive India has a workforce of 88 employees as of Apr 05, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prakar Automotive India, 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 Prakar Automotive India'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 Prakar Automotive India

Recent activity within the organization

  • Charges

    A charge registered on 27 Feb 2023 via Charge ID 100690126 with Others was fully satisfied on 03 Apr 2024.

    03 Apr 2024

  • Charges

    A charge registered on 25 Nov 2022 via Charge ID 100686095 with State Bank Of India was fully satisfied on 03 Apr 2024.

    03 Apr 2024

  • Charges

    A charge with Others amounted to Rs. 1.45 Cr with Charge ID 100903868 was registered on 26 Mar 2024.

    26 Mar 2024

  • Annual General Meeting

    Prakar Automotive India Private Limited last Annual general meeting of members was held on 23 Sep 2023 as per latest MCA records.

    23 Sep 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 20.75 Cr registered on 07 Apr 2021 with Charge ID 100460192 was modified on 16 Aug 2023.

    16 Aug 2023

  • Balance Sheet

    Prakar Automotive India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

    31 Mar 2023

Frequently asked questions

  • Prakar Automotive India Private Limited was incorporated on 09 Oct 2020.

  • The authorized share capital of Prakar Automotive India Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 2.51 Cr.

  • Currently 3 directors are associated with Prakar Automotive India Private Limited.

    • Balasubramanian Prabhakaran
    • Chinnappa Kumarasamy Arun Kumar
    • Karthikeyan Vishnu Varrdhan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Prakar Automotive India Private Limited is 6/56 Ground Floor Meyyanur Main Road 5 Roads, Salem, Tamil Nadu, India, 636004.

  • The corporate identification number (CIN) of Prakar Automotive India Private Limited is U50402TZ2020PTC034710 and the company number is 034710 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Prakar Automotive India Private Limited is https://www.volvo-tn.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Prakar Automotive India Private Limited has risen by 54.87%.

  • As Per 2023 financial reports, 88 employees are currently employed by Prakar Automotive India Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Prakar Automotive India Private Limited has experienced an upsurge of 144.60%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Prakar Automotive India Private Limited amount to ₹ 22.20 Cr.

  • The most recent Balance Sheet for Prakar Automotive India Private Limited was filed with the ROC on 31 Mar 2023.