Prateek Apparels Private Limited

This company manufactures and sells men's and women's clothing under various brands, and also does contract manufacturing for larger brands.

1995 | Bangaluru, Karnataka (India) | Active
Last Updated:

Prateek Apparels Profile

Key Indicators

  • Authorised Capital ₹ 42.00 Cr
  • Paid Up Capital ₹ 21.00 Cr
  • Company Age 30 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 106.00 Cr
  • Satisfied Charges ₹ 208.98 Cr
  • Revenue Growth -86.92%
  • Profit Growth 91.41%
  • Ebitda 91.35%
  • Net Worth -46.80%
  • Total Assets -4.60%

About Prateek Apparels

Prateek Apparels Private Limited (PAPL) is a Private Limited Indian Non-Government Company incorporated in India on 10 January 1995 and has a history of 30 years and two months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Fashion And Textile 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 42.00 Cr and a paid-up capital of Rs 21.00 Cr.

The company currently has active open charges totaling ₹106.00 Cr. The company has closed loans amounting to ₹208.98 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Prateek Apparels Private Limited India is Renu Vyas as COMPANY SECRETARY. Ankith Agarwal and Pradeep Agarwal serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U85110KA1995PTC016925

  • Company No.

    016925

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Jan 1995

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Fashion and Textile

Who are the key members and board of directors at Prateek Apparels?

Executive Team (1)

NameDesignationAppointment DateStatus
Renu Vyas Company Secretary10-May-2024Current

Board Members (2)

NameDesignationAppointment DateStatus
Ankith Agarwal Country flag representing In Director 18-Jan-2022Current
Pradeep Agarwal Country flag representing In Director 28-Feb-2007Current

Financial Performance of Prateek Apparels.

Prateek Apparels Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 86.92% decrease. The company also saw a substantial improvement in profitability, with a 91.41% increase in profit. The company's net worth observed a substantial decline by a decrease of 46.8%.

Prateek Apparels revenue growth over time
Prateek Apparels 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
-86.92%
Revenue from Operations
-52.97%
Total Assets
-4.60%
Profit or Loss
91.41%
Net Worth
-46.80%
EBITDA
91.35%

What is the Ownership and Shareholding Structure of Prateek Apparels?

In 2022, Prateek Apparels had a promoter holding of 76.19% and a public holding of 23.81%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹106.00 Cr

Satisfied Charges

₹208.98 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 106.00 Cr

Latest Charge Details

DateLenderAmountStatus
07 Feb 2011Canara Bank₹106.00 CrOpen
05 Nov 2016Tata Capital Financial Services Limited₹5.00 CrSatisfied
27 Dec 2011Bank Of Baroda₹27.00 CrSatisfied
04 Oct 2010Canara Bank₹35.00 CrSatisfied
28 May 2010The Lakshmi Vilas Bank Limited₹30.00 CrSatisfied

How Many Employees Work at Prateek Apparels?

Prateek Apparels has a workforce of 1101 employees as of Apr 06, 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.

Employee growth trends for Prateek Apparels Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prateek Apparels, 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 Prateek Apparels'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 Prateek Apparels

Recent activity within the organization

  • Director Appointment

    Renu Vyas was appointed as a Company Secretary was appointed as a Company Secretary on 10 May 2024 & has been associated with this company since 10 months 16 days .

  • Annual General Meeting

    Prateek Apparels Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Prateek Apparels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

  • Director Appointment

    Ankith Kumar Agarwal was appointed as a Director was appointed as a Director on 18 Jan 2022 & has been associated with this company since 3 years 2 months .

  • Charges

    A charge registered on 05 Nov 2016 via Charge ID 100060613 with Tata Capital Financial Services Limited was fully satisfied on 09 Jan 2018.

  • Charges

    A charge with Tata Capital Financial Services Limited amounted to Rs. 5.00 Cr with Charge ID 100060613 was registered on 05 Nov 2016.

Frequently asked questions

  • What is the Incorporation or founding date of Prateek Apparels Private Limited?

    Prateek Apparels Private Limited was incorporated on 10 Jan 1995.

  • What is authorized share capital and paid-up capital of Prateek Apparels Private Limited?

    The authorized share capital of Prateek Apparels Private Limited is ₹ 42.00 Cr and paid-up capital is ₹ 21.00 Cr.

  • Who are the current board members & directors of Prateek Apparels Private Limited?

    Currently 3 directors are associated with Prateek Apparels Private Limited.

    • Ankith Kumar Agarwal
    • Renu Vyas
    • Pradeep Phulchand Agarwal

  • What is the registered address of Prateek Apparels Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Prateek Apparels Private Limited is No. 17 Hulkul Kubera Lalbagh Road, Sudhamanagar India, Bangalore South, Karnataka, 560027.

  • What is the corporate identification number (CIN) and company number of Prateek Apparels Private Limited?

    The corporate identification number (CIN) of Prateek Apparels Private Limited is U85110KA1995PTC016925 and the company number is 016925 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Prateek Apparels Private Limited?

    The Official website of Prateek Apparels Private Limited is https://www.prateekapparels.com

  • What has been the recent revenue trend for Prateek Apparels Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Prateek Apparels Private Limited has fallen by -86.92%.

  • How many employees does Prateek Apparels Private Limited currently have?

    As Per 2023 financial reports, 1101 employees are currently employed by Prateek Apparels Private Limited.

  • What change has been observed in the net worth of Prateek Apparels Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Prateek Apparels Private Limited has experienced an downturn of -46.80%.

  • What are the total open charges for Prateek Apparels Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Prateek Apparels Private Limited amount to ₹ 106.00 Cr.

  • When was the last Balance Sheet of Prateek Apparels Private Limited filed with the ROC?

    The most recent Balance Sheet for Prateek Apparels Private Limited was filed with the ROC on 31 Mar 2023.

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