Prakash Gold Palace Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.63 Cr
- Company Age 26 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 281.90 Cr
- Satisfied Charges ₹ 516.20 Cr
- Revenue Growth 13.67%
- Profit Growth 109.15%
- Ebitda -0.92%
- Net Worth 0.19%
- Total Assets 0.94%
About Prakash Gold Palace
Prakash Gold Palace Private Limited (PGPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 June 1998 and has a history of 26 years and nine months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Abhilasha International Private Limited. The Company is engaged in the Consumer Goods 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 10.00 Cr and a paid-up capital of Rs 5.63 Cr.
The company currently has active open charges totaling ₹281.90 Cr. The company has closed loans amounting to ₹516.20 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mukeshkumar Jain and Prakash Jain 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
U36911TN1998PTC040659
- Company No.
040659
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Jun 1998
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Consumer Goods
Who are the key members and board of directors at Prakash Gold Palace?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prakash Jain  | Managing Director | 30-Oct-1999 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mukeshkumar Jain | Director | 30-Oct-1999 | Current |
Financial Performance of Prakash Gold Palace.
Prakash Gold Palace Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13.67% increase. The company also saw a substantial improvement in profitability, with a 109.15% increase in profit. The company's net worth moved up by a moderate rise of 0.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prakash Gold Palace?
In 2023, Prakash Gold Palace had a promoter holding of 62.45% and a public holding of 37.55%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The Madras Jewellers & Diamond Merchants AssociationMukeshkumar Jain is a mutual person
Abhi Lifestyle Private LimitedMukeshkumar Jain and Prakash Jain are mutual person
Abhilasha Jewellers Private LimitedMukeshkumar Jain is a mutual person
Hardika Sales Private LimitedMukeshkumar Jain is a mutual person
- Php Creations Private Limited
Prakash Jain is a mutual person
- Suryaprakash Hotels Private Limited
Prakash Jain is a mutual person
Charges (Loans)
Open Charges
₹281.90 Cr
Satisfied Charges
₹516.20 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 281.90 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Aug 1998 | Sbicap Trustee Company Limited | ₹281.90 Cr | Open |
| 09 May 2016 | Hdfc Bank Limited | ₹85.00 Cr | Satisfied |
| 29 Mar 2016 | State Bank Of India | ₹135.00 Cr | Satisfied |
| 26 Jun 2015 | Indusind Bank Limited | ₹20.00 Cr | Satisfied |
| 17 Jun 2014 | Hdfc Bank Limited | ₹20.00 Cr | Satisfied |
How Many Employees Work at Prakash Gold Palace?
Prakash Gold Palace has a workforce of 51 employees as of Mar 28, 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 Prakash Gold Palace, 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 Prakash Gold Palace'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 Prakash Gold Palace
Recent activity within the organization
- Annual General Meeting
Prakash Gold Palace Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge registered on 26 Jun 2015 via Charge ID 10576508 with Indusind Bank Limited was fully satisfied on 11 May 2023.
- Balance Sheet
Prakash Gold Palace Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge registered on 17 Aug 1998 via Charge ID 90288931 with State Bank Of India was fully satisfied on 18 Oct 2022.
- Charges
A charge with Sbicap Trustee Company Limited of Rs. 281.90 Cr registered on 17 Aug 1998 with Charge ID 90285218 was modified on 21 Feb 2022.
- Charges
A charge registered on 29 Mar 2016 via Charge ID 100021982 with State Bank Of India was fully satisfied on 08 Nov 2018.
Frequently asked questions
What is the Incorporation or founding date of Prakash Gold Palace Private Limited?
Prakash Gold Palace Private Limited was incorporated on 12 Jun 1998.
What is authorized share capital and paid-up capital of Prakash Gold Palace Private Limited?
The authorized share capital of Prakash Gold Palace Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.63 Cr.
Who are the current board members & directors of Prakash Gold Palace Private Limited?
Currently 2 directors are associated with Prakash Gold Palace Private Limited.
- Mukeshkumar Jain
- Prakash Chand Jain
What is the registered address of Prakash Gold Palace Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prakash Gold Palace Private Limited is 144 Purasawalkam High Road Kellys Chennai Kellys, Chennai India, KellysChennai 600010, Tamil Nadu.
What is the corporate identification number (CIN) and company number of Prakash Gold Palace Private Limited?
The corporate identification number (CIN) of Prakash Gold Palace Private Limited is U36911TN1998PTC040659 and the company number is 040659 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prakash Gold Palace Private Limited?
The Official website of Prakash Gold Palace Private Limited is https://www.prakashgold.com
What has been the recent revenue trend for Prakash Gold Palace Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Prakash Gold Palace Private Limited has risen by 13.67%.
How many employees does Prakash Gold Palace Private Limited currently have?
As Per 2023 financial reports, 51 employees are currently employed by Prakash Gold Palace Private Limited.
What change has been observed in the net worth of Prakash Gold Palace Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Prakash Gold Palace Private Limited has experienced an upsurge of 0.19%.
What are the total open charges for Prakash Gold Palace Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Prakash Gold Palace Private Limited amount to ₹ 281.90 Cr.
When was the last Balance Sheet of Prakash Gold Palace Private Limited filed with the ROC?
The most recent Balance Sheet for Prakash Gold Palace Private Limited was filed with the ROC on 31 Mar 2023.
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