Prem Motors Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 9.99 Cr
- Company Age 34 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 849.59 Cr
- Satisfied Charges ₹ 377.34 Cr
- Revenue Growth -15.25%
- Profit Growth -7.22%
- Ebitda -2.46%
- Net Worth 11.03%
- Total Assets 6.11%
About Prem Motors
Prem Motors Pvt Ltd (PMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 November 1990 and has a history of 34 years and four months. Its registered office is in Gwalior, Madhya Pradesh, India.
The Corporate was formerly known as Prem Motors Ltd. The Company is engaged in the Automotive 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 10.00 Cr and a paid-up capital of Rs 9.99 Cr.
The company currently has active open charges totaling ₹849.59 Cr. The company has closed loans amounting to ₹377.34 Cr, as per Ministry of Corporate Affairs (MCA) records.
Charanjeet Nagpal and Kanwaljeet Nagpal serve as directors at the Company.
Company Details
- Location
Gwalior, Madhya Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U50103MP1990PTC006114
- Company No.
006114
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
28 Nov 1990
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Gwalior
Industry
Automotive
What products or services does Prem Motors Pvt Ltd offer?
Prem Motors Pvt Ltd offers a wide range of products and services, including Cars, Motor Cars, Maruti Car, Medium & Heavy Commercial Vehicles, Automobile Interiors & Accessories, Car Accessories, Insurance Agents and Services, Insurance Service, Mini Truck, Maruti Suzuki Mini Truck.
Who are the key members and board of directors at Prem Motors?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Charanjeet Nagpal  | Managing Director | 28-Nov-1990 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kanwaljeet Nagpal | Director | 21-Apr-2008 | Current |
Financial Performance of Prem Motors.
Prem Motors Pvt Ltd, for the financial year ended 2021, experienced significant reduction in revenue, with a 15.25% decrease. The company also saw a slight decrease in profitability, with a 7.22% decrease in profit. The company's net worth Soared by an impressive increase of 11.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prem Motors?
In 2022, Prem Motors had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Prem Motors India Llp
Charanjeet Nagpal and Kanwaljeet Nagpal are mutual person
- Prem Motors (Jaipur) Private Limited
Charanjeet Nagpal and Kanwaljeet Nagpal are mutual person
Prem Motors (Bharat) Private LimitedCharanjeet Nagpal and Kanwaljeet Nagpal are mutual person
- D.D. Prem Private Limited
Charanjeet Nagpal and Kanwaljeet Nagpal are mutual person
- Vinayaka Automobiles(Gwalior) Private Limited
Charanjeet Nagpal is a mutual person
- Krishnawanti Ramprakash Nagpal Charitable Foundation
Charanjeet Nagpal and Kanwaljeet Nagpal are mutual person
Charges (Loans)
Open Charges
₹849.59 Cr
Satisfied Charges
₹377.34 Cr
Charges Breakdown by Lending Institutions
- Others : 305.00 Cr
- Hdfc Bank Limited : 302.59 Cr
- Axis Bank Limited : 125.00 Cr
- Canara Bank : 75.00 Cr
- State Bank Of India : 42.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Nov 2024 | Canara Bank | ₹75.00 Cr | Open |
| 16 Mar 2024 | Axis Bank Limited | ₹75.00 Cr | Open |
| 16 Dec 2023 | Others | ₹15.00 Cr | Open |
| 26 Jul 2023 | Hdfc Bank Limited | ₹8.33 Cr | Open |
| 13 Mar 2023 | Others | ₹15.00 Cr | Open |
How Many Employees Work at Prem Motors?
Prem Motors has a workforce of 3664 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Prem Motors, 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 Prem Motors'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 Prem Motors
Recent activity within the organization
- Charges
A charge with Canara Bank amounted to Rs. 75.00 Cr with Charge ID 101013625 was registered on 27 Nov 2024.
- Annual General Meeting
Prem Motors Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 95.00 Cr registered on 14 Sep 2021 with Charge ID 100480413 was modified on 05 Aug 2024.
- Balance Sheet
Prem Motors Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
- Charges
A charge with Axis Bank Limited amounted to Rs. 75.00 Cr with Charge ID 100908695 was registered on 16 Mar 2024.
- Charges
A charge with Axis Bank Limited of Rs. 75.00 Cr registered on 16 Mar 2024 with Charge ID 100908695 was modified on 16 Mar 2024.
Frequently asked questions
What is the Incorporation or founding date of Prem Motors Pvt Ltd?
Prem Motors Pvt Ltd was incorporated on 28 Nov 1990.
What is authorized share capital and paid-up capital of Prem Motors Pvt Ltd?
The authorized share capital of Prem Motors Pvt Ltd is ₹ 10.00 Cr and paid-up capital is ₹ 9.99 Cr.
Who are the current board members & directors of Prem Motors Pvt Ltd?
Currently 2 directors are associated with Prem Motors Pvt Ltd.
- Charanjeet Nagpal
- Kanwaljeet Nagpal
What is the registered address of Prem Motors Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Prem Motors Pvt Ltd is Kanwal Complex, A.G. Office Road India, Gwalior, Madhya Pradesh, 474002.
What is the corporate identification number (CIN) and company number of Prem Motors Pvt Ltd?
The corporate identification number (CIN) of Prem Motors Pvt Ltd is U50103MP1990PTC006114 and the company number is 006114 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prem Motors Pvt Ltd?
The Official website of Prem Motors Pvt Ltd is https://www.premmotors.com
What has been the recent revenue trend for Prem Motors Pvt Ltd?
According to the financial reports for the fiscal year 2021, the revenue trend for Prem Motors Pvt Ltd has fallen by -15.25%.
How many employees does Prem Motors Pvt Ltd currently have?
As Per 2021 financial reports, 3664 employees are currently employed by Prem Motors Pvt Ltd.
What change has been observed in the net worth of Prem Motors Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Prem Motors Pvt Ltd has experienced an upsurge of 11.03%.
What are the total open charges for Prem Motors Pvt Ltd?
As per the financial statements for fiscal Year 2021, The total open charges for Prem Motors Pvt Ltd amount to ₹ 849.59 Cr.
When was the last Balance Sheet of Prem Motors Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Prem Motors Pvt Ltd was filed with the ROC on 31 Mar 2024.
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