Prestige Projects Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 5.66 Cr
- Company Age 16 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2,720.00 Cr
- Satisfied Charges ₹ 1,265.00 Cr
- Revenue Growth 323.15%
- Profit Growth 52.83%
- Ebitda -67.17%
- Net Worth -16.03%
- Total Assets 102.48%
About Prestige Projects
Prestige Projects Private Limited (PPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 June 2008 and has a history of 16 years and nine months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Real Estate And Construction 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 6.00 Cr and a paid-up capital of Rs 5.66 Cr.
The company currently has active open charges totaling ₹2,720.00 Cr. The company has closed loans amounting to ₹1,265.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Prestige Projects Private Limited India is Lingraj Patra as COMPANY SECRETARY. Neelam Chhiber, Badrunissa Irfan, Sameera Noaman, and Three other members 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
U45201KA2008PTC046784
- Company No.
046784
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Jun 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Real Estate and Construction
Who are the key members and board of directors at Prestige Projects?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Lingraj Patra | Company Secretary | 13-Dec-2021 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Neelam Chhiber  | Director | 03-Aug-2022 | Current |
| Badrunissa Irfan | Director | 28-Mar-2015 | Current |
| Sameera Noaman | Director | 28-Mar-2015 | Current |
| Almas Rezwan | Director | 28-Mar-2015 | Current |
| Srinivasarao Nagendra | Director | 05-Jan-2024 | Current |
| Zayd Noaman | Additional Director | 09-Oct-2024 | Current |
Financial Performance of Prestige Projects.
Prestige Projects Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 323.15% increase. The company also saw a substantial improvement in profitability, with a 52.83% increase in profit. The company's net worth observed a substantial decline by a decrease of 16.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prestige Projects?
In 2023, Prestige Projects had a promoter holding of 60.00% and a public holding of 40.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Northland Holding Company Private LimitedBadrunissa Irfan is a mutual person
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Sterling Urban Developments Private LimitedSrinivasarao Nagendra is a mutual person
Flourish Planet Private LimitedNeelam Chhiber is a mutual person
Rustomjee Prestige Vocational Education & Training Centre LlpZayd Noaman is a mutual person
Mac Charles (India) LimitedSrinivasarao Nagendra is a mutual person
Charges (Loans)
Open Charges
₹2,720.00 Cr
Satisfied Charges
₹1,265.00 Cr
Charges Breakdown by Lending Institutions
- Others : 2450.00 Cr
- Tata Capital Housing Finance Limited : 270.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2024 | Others | ₹400.00 Cr | Open |
| 29 May 2024 | Others | ₹50.00 Cr | Open |
| 01 Apr 2024 | Others | ₹450.00 Cr | Open |
| 07 Mar 2024 | Others | ₹200.00 Cr | Open |
| 07 Mar 2024 | Others | ₹350.00 Cr | Open |
How Many Employees Work at Prestige Projects?
Prestige Projects has a workforce of 71 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 Prestige Projects, 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 Prestige Projects'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 Prestige Projects
Recent activity within the organization
- Director Appointment
Zayd Noaman was appointed as a Additional Director was appointed as a Additional Director on 09 Oct 2024 & has been associated with this company since 5 months 19 days .
- Annual General Meeting
Prestige Projects Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 400.00 Cr with Charge ID 100985574 was registered on 26 Sep 2024.
- Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100939819 was registered on 29 May 2024.
- Charges
A charge registered on 18 Apr 2023 via Charge ID 100764635 with Others was fully satisfied on 22 May 2024.
- Charges
A charge with Others amounted to Rs. 450.00 Cr with Charge ID 100901094 was registered on 01 Apr 2024.
Recent News, Updates & Announcement
- Prestige Estates: Keep one eye on launches, another on debt | Mint.
Despite a robust launch pipeline, unsold inventory inched up to ₹16,000 crore by the end of December. The company also has big capex plans, looking to spend ₹14,600 crore to develop its office, retail and hospitality assets..
- Apple gets massive office in India with parking for 740 cars, space for 1200 employees, to pay rent of.
Situated at Minsk Square, a prime location in the city, the new office is designed to accommodate up to 1,200 employees across its 15 floors. The facility includes dedicated lab spaces, collaborative areas, wellness zones, parking for 740 cars and a Caffe Macs..
Frequently asked questions
What is the Incorporation or founding date of Prestige Projects Private Limited?
Prestige Projects Private Limited was incorporated on 13 Jun 2008.
What is authorized share capital and paid-up capital of Prestige Projects Private Limited?
The authorized share capital of Prestige Projects Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.66 Cr.
Who are the current board members & directors of Prestige Projects Private Limited?
Currently 7 directors are associated with Prestige Projects Private Limited.
- Neelam Chhiber
- Badrunissa Irfan
- Sameera Noaman
- Almas Rezwan
- Srinivasarao Nagabhushana Rao Nagendra
- Zayd Noaman
- Lingraj Patra
What is the registered address of Prestige Projects Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prestige Projects Private Limited is Prestige Falcon Tower No.19 Brunton Road, India, Bangalore, Karnataka, 560025.
What is the corporate identification number (CIN) and company number of Prestige Projects Private Limited?
The corporate identification number (CIN) of Prestige Projects Private Limited is U45201KA2008PTC046784 and the company number is 046784 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prestige Projects Private Limited?
The Official website of Prestige Projects Private Limited is https://www.prestigeconstructions.com
What has been the recent revenue trend for Prestige Projects Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Prestige Projects Private Limited has risen by 323.15%.
How many employees does Prestige Projects Private Limited currently have?
As Per 2023 financial reports, 71 employees are currently employed by Prestige Projects Private Limited.
What change has been observed in the net worth of Prestige Projects Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Prestige Projects Private Limited has experienced an downturn of -16.03%.
What are the total open charges for Prestige Projects Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Prestige Projects Private Limited amount to ₹ 2,720.00 Cr.
When was the last Balance Sheet of Prestige Projects Private Limited filed with the ROC?
The most recent Balance Sheet for Prestige Projects Private Limited was filed with the ROC on 31 Mar 2024.
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