Premier Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 30.40 Cr
- Company Age 80 Year, 8 Months
- Last Filing with ROC 31 Mar 2020
- Open Charges ₹ 450.00 Cr
- Satisfied Charges ₹ 497.50 Cr
- Revenue Growth -67.32%
- Profit Growth 65.88%
- Ebitda 2.16%
- Net Worth -1932.96%
- Total Assets -54.92%
About Premier
Premier Limited (PL) is Under Cirp company established on 27 Jun 1944 with its office registered at Pune, Maharashtra, India and has been running since 80 Year, 8 Months with a paid up capital of 30.40 Cr. According to MCA records, 7 Directors and 1 Signatories are linked to this company as of 16 Jan 2025.
Company Details
- Location
Pune, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Automotive
Machinery and Equipment
What products or services does Premier Limited offer?
Premier Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Gear parts, Machine & Precision Tools, Assembly Tools, Drilling & Boring Equipment, Boring Machine, CNC Lathe Machine, CNC Vertical Lathe, Machining Center, CNC Machining Centre.
Who are the key members and board of directors at Premier?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Maitreya Doshi  | Managing Director | 29-Mar-1993 | Current |
| Mrsomsundaran Nair | CFO | 01-May-2014 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Udo Ruediger  | Director | 27-Mar-2008 | Current |
| Ramesh Adige | Director | 24-Apr-2012 | Current |
| Asit Javeri | Director | Current | |
| Padmanabhan Subramanian | Director | 24-Dec-2002 | Current |
| Dilip Thakkar | Director | 28-Apr-2010 | Current |
| Rohita Doshi | Director | 27-Mar-2008 | Current |
Financial Performance of Premier.
Premier Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 67.32% decrease. The company also saw a substantial improvement in profitability, with a 65.88% increase in profit. The company's net worth observed a substantial decline by a decrease of 1932.96%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Premier?
In 2019, Premier had a promoter holding of 44.95% and a public holding of 55.08%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Desai Brothers LtdPadmanabhan Subramanian is a mutual person
Lic Housing Finance LtdRamesh Adige is a mutual person
Universal Trustees Private LimitedDilip Thakkar is a mutual person
Desai Foods Private LimitedPadmanabhan Subramanian is a mutual person
Ubi Services LimitedRamesh Adige is a mutual person
Black Box LimitedDilip Thakkar is a mutual person
Charges (Loans)
Open Charges
₹450.00 Cr
Satisfied Charges
₹497.50 Cr
Charges Breakdown by Lending Institutions
- Others : 440.00 Cr
- First Leasing Company Of India Limited : 10.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2015 | Others | ₹10.00 Cr | Open |
| 30 Sep 2015 | Others | ₹10.00 Cr | Open |
| 03 May 2013 | Others | ₹100.00 Cr | Open |
| 21 Mar 2013 | Others | ₹170.00 Cr | Open |
| 29 Aug 2011 | Others | ₹150.00 Cr | Open |
How Many Employees Work at Premier?
Premier has a workforce of 334 employees as of Apr 09, 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 Premier, 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'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
Recent activity within the organization
- Annual General Meeting
Premier Limited last Annual general meeting of members was held on 30 Dec 2020 as per latest MCA records.
- Balance Sheet
Premier Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Pune.
- Charges
A charge with Others of Rs. 10.00 Cr registered on 30 Sep 2015 with Charge ID 10613606 was modified on 25 Nov 2019.
- Charges
A charge with Others of Rs. 10.00 Cr registered on 30 Sep 2015 with Charge ID 10625841 was modified on 25 Nov 2019.
- Charges
A charge with Others of Rs. 100.00 Cr registered on 03 May 2013 with Charge ID 10426775 was modified on 25 Nov 2019.
- Charges
A charge with Others of Rs. 170.00 Cr registered on 21 Mar 2013 with Charge ID 10421763 was modified on 25 Nov 2019.
Recent News, Updates & Announcement
Fiat Padmini long gone, Premier Ltd now faces bankruptcy | Mint.Corporation Bank has filed with NCLT Mumbai a bankruptcy case against Premier Ltd to recover dues of 52 crore.
- Premier's independent director Shailesh S. Vaidya resigns .
This is inform you that Mr. Shailesh S. Vaidya, an Independent Director has resigned from the Board of the Company due to his other professional commitments May 30, 2017..
Frequently asked questions
What is the Incorporation or founding date of Premier Limited?
Premier Limited was incorporated on 27 Jun 1944.
What is authorized share capital and paid-up capital of Premier Limited?
The authorized share capital of Premier Limited is ₹ 40.00 Cr and paid-up capital is ₹ 30.40 Cr.
Who are the current board members & directors of Premier Limited?
Currently 8 directors are associated with Premier Limited.
- Padmanabhan Subramanian
- Dilip Jayantilal Thakkar
- Maitreya Vinod Doshi
- Ramesh Lakshman Adige
- Rohita Maitreya Doshi
- Asit Dhankumar Javeri
- Udo Weigel Ruediger
- MrSomsundaran Nair
What is the registered address of Premier Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Premier Limited is 169 Gat Village Sawardari Taluka Khed (Chakan Industrial Area) India, Pune, Maharashtra, 410501.
What is the corporate identification number (CIN) and company number of Premier Limited?
The corporate identification number (CIN) of Premier Limited is L34103PN1944PLC020842 and the company number is 020842 as per Ministry of Corporate Affairs (MCA).
Is Premier Limited registered with any stock exchange in India?
Yes, Premier Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): PREMIER.
What is the official website of Premier Limited?
The Official website of Premier Limited is https://www.premier.co.in
What has been the recent revenue trend for Premier Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Premier Limited has fallen by -67.32%.
How many employees does Premier Limited currently have?
As Per 2020 financial reports, 334 employees are currently employed by Premier Limited.
What change has been observed in the net worth of Premier Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Premier Limited has experienced an downturn of -1932.96%.
What are the total open charges for Premier Limited?
As per the financial statements for fiscal Year 2020, The total open charges for Premier Limited amount to ₹ 450.00 Cr.
When was the last Balance Sheet of Premier Limited filed with the ROC?
The most recent Balance Sheet for Premier Limited was filed with the ROC on 31 Mar 2020.
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