Premier Energies Profile
Key Indicators
- Authorised Capital ₹ 55.00 Cr
- Paid Up Capital ₹ 33.41 Cr
- Company Age 30 Year, 12 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,634.73 Cr
- Satisfied Charges ₹ 569.76 Cr
- Revenue Growth -3.51%
- Profit Growth -21.49%
- Ebitda -54.55%
- Net Worth 3.54%
- Total Assets 0.07%
About Premier Energies
Premier Energies Limited (PEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 April 1995 and has a history of 30 years. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Premier Solar Systems Private Limited. The Company is engaged in the Energy And Power 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 55.00 Cr and a paid-up capital of Rs 33.41 Cr.
The company currently has active open charges totaling ₹1,634.73 Cr. The company has closed loans amounting to ₹569.76 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Premier Energies Limited India are Shri Khandelwal as CFO and Ravella Rao as Company Secretary. Sridhar Narayan, Jasbir Gujral, Ragunathan Kannan, and Seven other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40106TG1995PLC019909
- Company No.
019909
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Apr 1995
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Energy and Power
What products or services does Premier Energies Limited offer?
Premier Energies Limited offers a wide range of products and services, including Telecommunication Equipment & Parts, Public Address Systems, Solar & Renewable Energy Products, Solar Lamps, Solar Power Plants.
Premier Energies Limited
Explore comprehensive data for Premier Energies Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Premier Energies?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chiranjeev Saluja  | Managing Director | 01-Apr-1997 | Current |
| Shri Khandelwal | CFO | 01-Sep-2023 | Current |
| Ravella Rao | Company Secretary | 24-Mar-2022 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ragunathan Kannan | Director | 29-Mar-2024 | Current |
| Sridhar Narayan | Nominee Director | 28-Sep-2021 | Current |
| Jasbir Gujral | Director | 29-Mar-2024 | Current |
| Surenderpal Saluja | Whole-Time Director | 03-Apr-1995 | Current |
| Abhishek Loonker | Nominee Director | 28-Sep-2021 | Current |
| Rohan Mehta | Director | 18-Mar-2020 | Current |
Financial Performance of Premier Energies.
Premier Energies Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.51% decrease. The company also saw a substantial fall in profitability, with a 21.49% decrease in profit. The company's net worth moved up by a moderate rise of 3.54%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Premier Energies?
In 2023, Premier Energies had a promoter holding of 83.36% and a public holding of 16.63%. The company had 6 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Syrma Sgs Technology LimitedJasbir Gujral is a mutual person
Sathguru Management Consultants Pvt LtdRagunathan Kannan is a mutual person
Syrma Sgs Technology And Engineering Services LimitedJasbir Gujral is a mutual person
Fernandez FoundationRagunathan Kannan is a mutual person
Eugia Pharma Specialities LimitedRagunathan Kannan is a mutual person
Syrma Johari Medtech LimitedJasbir Gujral is a mutual person
Charges (Loans)
Open Charges
₹1,634.73 Cr
Satisfied Charges
₹569.76 Cr
Charges Breakdown by Lending Institutions
- Others : 1365.85 Cr
- State Bank Of India : 150.25 Cr
- Axis Bank Limited : 50.00 Cr
- Bank Of India : 50.00 Cr
- Indian Renewable Energy Development Agency Limited : 18.63 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2023 | Others | ₹45.00 Cr | Open |
| 15 Dec 2023 | Others | ₹131.25 Cr | Open |
| 04 Nov 2023 | Others | ₹60.00 Cr | Open |
| 22 Sep 2023 | Others | ₹31.49 Cr | Open |
| 11 Aug 2023 | Others | ₹42.00 Cr | Open |
How Many Employees Work at Premier Energies?
Unlock and access historical data on people associated with Premier Energies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Premier Energies, 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 Premier Energies'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 Premier Energies
Recent activity within the organization
- Director Appointment
Jasbir Singh Gujral was appointed as a Director was appointed as a Director on 29 Mar 2024 & has been associated with this company since 1 year 16 days .
- Director Appointment
Ragunathan Kannan was appointed as a Director was appointed as a Director on 29 Mar 2024 & has been associated with this company since 1 year 16 days .
- Director Appointment
Priyanka Gulati was appointed as a Director was appointed as a Director on 29 Mar 2024 & has been associated with this company since 1 year 16 days .
- Charges
A charge registered on 28 Dec 2021 via Charge ID 100522039 with Others was fully satisfied on 14 Mar 2024.
- Charges
A charge registered on 28 Dec 2021 via Charge ID 100522040 with Others was fully satisfied on 14 Mar 2024.
- Charges
A charge registered on 28 Dec 2021 via Charge ID 100523817 with Others was fully satisfied on 14 Mar 2024.
Recent News, Updates & Announcement
- Premier Energies bags Rs 1,700 cr order from NTPC.
Premier Energies on Tuesday said it has bagged an order worth Rs 1,700 crore from NTPC for supply of 608 MW bifacial solar photovoltaic modules.
Frequently asked questions
What is the Incorporation or founding date of Premier Energies Limited?
Premier Energies Limited was incorporated on 03 Apr 1995.
What is authorized share capital and paid-up capital of Premier Energies Limited?
The authorized share capital of Premier Energies Limited is ₹ 55.00 Cr and paid-up capital is ₹ 33.41 Cr.
Who are the current board members & directors of Premier Energies Limited?
Currently 12 directors are associated with Premier Energies Limited.
- Sridhar Narayan
- Jasbir Singh Gujral
- Ragunathan Kannan
- Surenderpal Singh Saluja
- Chiranjeev Singh Saluja
- Abhishek Loonker
- Rohan Mehta
- Uday Sudhir Pilani
- Priyanka Gulati
- Revathi Rohini Buragadda
- Shri Nandkishore Khandelwal
- Ravella Sreenivasa Rao
What is the registered address of Premier Energies Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Premier Energies Limited is Sy.No. 54 Part First Floor, G.Pulla Reddy Sweets Kakaguda Vikarampuri Colony, Secunderabad, Telangana, India, 500009.
What is the corporate identification number (CIN) and company number of Premier Energies Limited?
The corporate identification number (CIN) of Premier Energies Limited is U40106TG1995PLC019909 and the company number is 019909 as per Ministry of Corporate Affairs (MCA).
What is the official website of Premier Energies Limited?
The Official website of Premier Energies Limited is https://www.premierenergies.com
What has been the recent revenue trend for Premier Energies Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Premier Energies Limited has fallen by -3.51%.
What change has been observed in the net worth of Premier Energies Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Premier Energies Limited has experienced an upsurge of 3.54%.
What are the total open charges for Premier Energies Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Premier Energies Limited amount to ₹ 1,634.73 Cr.
When was the last Balance Sheet of Premier Energies Limited filed with the ROC?
The most recent Balance Sheet for Premier Energies Limited was filed with the ROC on 31 Mar 2023.
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