Prestige Retail Ventures Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 6.00 Cr
- Company Age 7 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 2,139.00 Cr
- Revenue Growth 1329.52%
- Profit Growth 243.08%
- Ebitda 1152.92%
- Net Worth 60.72%
- Total Assets 44.58%
About Prestige Retail Ventures
Prestige Retail Ventures Limited (PRVL) is a Public Limited Indian Non-Government Company incorporated in India on 11 July 2017 (Seven years and seven months 23 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Infrastructure And Utilities 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 6.00 Cr.
The company has closed loans amounting to ₹2,139.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Rezwan Razack, Irfanrazack, and Noaman Razack 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
U45200KA2017PLC104527
- Company No.
104527
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
11 Jul 2017
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Infrastructure and Utilities
Who are the key members and board of directors at Prestige Retail Ventures?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rezwan Razack  | Director | 11-Jul-2017 | Current |
| Irfanrazack | Director | 11-Jul-2017 | Current |
| Noaman Razack | Director | 11-Jul-2017 | Current |
Financial Performance of Prestige Retail Ventures.
Prestige Retail Ventures Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 1329.52% increase. The company also saw a substantial improvement in profitability, with a 243.08% increase in profit. The company's net worth Soared by an impressive increase of 60.72%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prestige Retail Ventures?
In 2023, Prestige Retail Ventures had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Prestige Fashions Private LimitedRezwan Razack, Irfanrazack and 1 more are mutual person
K2k Infrastructure India Private LimitedRezwan Razack and Irfanrazack are mutual person
- Prestige Estates Projects Limited
Rezwan Razack, Irfanrazack and 1 more are mutual person
- Prestige Builders And Developers Private Limited
Rezwan Razack, Irfanrazack and 1 more are mutual person
- Prestige Golf Resorts Private Limited
Rezwan Razack, Irfanrazack and 1 more are mutual person
- Prestige Hospitality Ventures Limited
Rezwan Razack, Irfanrazack and 1 more are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹2,139.00 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 1495.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 634.00 Cr
- Others : 10.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2021 | Idbi Trusteeship Services Limited | ₹1,495.00 Cr | Satisfied |
| 22 Jul 2019 | The Hongkong And Shanghai Banking Corporation Limited | ₹317.00 Cr | Satisfied |
| 17 Jan 2019 | Others | ₹10.00 Cr | Satisfied |
| 13 Dec 2018 | The Hongkong And Shanghai Banking Corporation Limited | ₹317.00 Cr | Satisfied |
How Many Employees Work at Prestige Retail Ventures?
Prestige Retail Ventures has a workforce of 4 employees as of Apr 07, 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 Retail Ventures, 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 Retail Ventures'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 Retail Ventures
Recent activity within the organization
- Annual General Meeting
Prestige Retail Ventures Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Prestige Retail Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge registered on 26 Mar 2021 via Charge ID 100437062 with Idbi Trusteeship Services Limited was fully satisfied on 07 Nov 2022.
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 1,495.00 Cr registered on 26 Mar 2021 with Charge ID 100437062 was modified on 06 Jul 2021.
- Charges
A charge registered on 22 Jul 2019 via Charge ID 100281594 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 05 Apr 2021.
- Charges
A charge registered on 17 Jan 2019 via Charge ID 100232320 with Others was fully satisfied on 05 Apr 2021.
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 Retail Ventures Limited?
Prestige Retail Ventures Limited was incorporated on 11 Jul 2017.
What is authorized share capital and paid-up capital of Prestige Retail Ventures Limited?
The authorized share capital of Prestige Retail Ventures Limited is ₹ 10.00 Cr and paid-up capital is ₹ 6.00 Cr.
Who are the current board members & directors of Prestige Retail Ventures Limited?
Currently 3 directors are associated with Prestige Retail Ventures Limited.
- Rezwan Razack
- Irfanrazack
- Noaman Razack
What is the registered address of Prestige Retail Ventures Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prestige Retail Ventures 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 Retail Ventures Limited?
The corporate identification number (CIN) of Prestige Retail Ventures Limited is U45200KA2017PLC104527 and the company number is 104527 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prestige Retail Ventures Limited?
The Official website of Prestige Retail Ventures Limited is https://www.prestigeconstructions.com
What has been the recent revenue trend for Prestige Retail Ventures Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Prestige Retail Ventures Limited has risen by 1329.52%.
How many employees does Prestige Retail Ventures Limited currently have?
As Per 2023 financial reports, 4 employees are currently employed by Prestige Retail Ventures Limited.
What change has been observed in the net worth of Prestige Retail Ventures Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Prestige Retail Ventures Limited has experienced an upsurge of 60.72%.
When was the last Balance Sheet of Prestige Retail Ventures Limited filed with the ROC?
The most recent Balance Sheet for Prestige Retail Ventures Limited was filed with the ROC on 31 Mar 2024.
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