Primacy Industries Profile
Key Indicators
- Authorised Capital ₹ 632.00 Cr
- Paid Up Capital ₹ 52.55 Cr
- Company Age 20 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 146.11 Cr
- Satisfied Charges ₹ 621.49 Cr
- Revenue Growth 21.18%
- Profit Growth 96.41%
- Ebitda 4.34%
- Net Worth -11.09%
- Total Assets 2.04%
About Primacy Industries
Primacy Industries Private Limited (PIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 September 2004 and has a history of 20 years and five months. Its registered office is in Udupi, Karnataka, India.
The Corporate was formerly known as Primacy Industries Limited. The Company is engaged in the Fmcg 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 632.00 Cr and a paid-up capital of Rs 52.55 Cr.
The company currently has active open charges totaling ₹146.11 Cr. The company has closed loans amounting to ₹621.49 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Primacy Industries Private Limited India are Sandeshkumar Konilanamiraja as CFO and Chandana Tikoti as Company Secretary. Kalsank Umesh and Tonse Pai serve as directors at the Company.
Company Details
- Location
Udupi, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24242KA2004PTC034633
- Company No.
034633
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Sep 2004
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
FMCG
What products or services does Primacy Industries Private Limited offer?
Primacy Industries Private Limited offers a wide range of products and services, including Artificial & Decorative Candles, Candle, Christmas Gifts & Decoratives, Christmas Decorations, Garden Candle, Pillar Candles, Chemical Reactors and Process Tanks, Process Tanks, Decorative Candle Holder, T-Light Candle Holder.
Who are the key members and board of directors at Primacy Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sandeshkumar Konilanamiraja | CFO | 03-Jul-2024 | Current |
| Chandana Tikoti | Company Secretary | 05-Jan-2024 | Current |
Tonse Pai  | Managing Director | 03-Sep-2004 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kalsank Umesh | Director | 13-Jul-2020 | Current |
Financial Performance of Primacy Industries.
Primacy Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.18% increase. The company also saw a substantial improvement in profitability, with a 96.41% increase in profit. The company's net worth observed a substantial decline by a decrease of 11.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Primacy Industries?
In 2023, Primacy Industries 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)
Icds LimitedKalsank Umesh is a mutual person
Manipal Technologies LimitedTonse Pai is a mutual person
- Manipal Payment And Identity Solutions Limited
Tonse Pai is a mutual person
Angularity Analytics Private LimitedKalsank Umesh is a mutual person
Noovocom Advantages Private LimitedKalsank Umesh is a mutual person
Manipal Thomas Greg Press Private LimitedKalsank Umesh is a mutual person
Charges (Loans)
Open Charges
₹146.11 Cr
Satisfied Charges
₹621.49 Cr
Charges Breakdown by Lending Institutions
- Others : 91.08 Cr
- Abhyudaya Co-Operative Bank Limited : 44.08 Cr
- Canara Bank : 10.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2021 | Others | ₹32.00 Cr | Open |
| 31 Oct 2018 | Abhyudaya Co-Operative Bank Limited | ₹14.00 Cr | Open |
| 31 Oct 2017 | Others | ₹29.54 Cr | Open |
| 22 Mar 2017 | Abhyudaya Co-Operative Bank Limited | ₹30.08 Cr | Open |
| 06 Sep 2016 | Others | ₹29.54 Cr | Open |
How Many Employees Work at Primacy Industries?
Primacy Industries has a workforce of 601 employees as of Mar 29, 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 Primacy Industries, 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 Primacy Industries'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 Primacy Industries
Recent activity within the organization
- Director Appointment
Sandeshkumar Konilanamiraja was appointed as a Cfo was appointed as a Cfo on 03 Jul 2024 & has been associated with this company since 7 months 29 days .
- Charges
A charge with Abhyudaya Co-Operative Bank Limited of Rs. 14.00 Cr registered on 31 Oct 2018 with Charge ID 100218617 was modified on 18 Apr 2024.
- Charges
A charge with Abhyudaya Co-Operative Bank Limited of Rs. 30.08 Cr registered on 22 Mar 2017 with Charge ID 100095538 was modified on 18 Apr 2024.
- Charges
A charge registered on 30 Dec 2021 via Charge ID 100534133 with Others was fully satisfied on 02 Apr 2024.
- Charges
A charge registered on 05 Sep 2017 via Charge ID 100125418 with The South Indian Bank Limited was fully satisfied on 22 Feb 2024.
- Director Appointment
Chandana Ramesh Tikoti was appointed as a Company Secretary was appointed as a Company Secretary on 05 Jan 2024 & has been associated with this company since 1 year 1 month .
Frequently asked questions
What is the Incorporation or founding date of Primacy Industries Private Limited?
Primacy Industries Private Limited was incorporated on 03 Sep 2004.
What is authorized share capital and paid-up capital of Primacy Industries Private Limited?
The authorized share capital of Primacy Industries Private Limited is ₹ 632.00 Cr and paid-up capital is ₹ 52.55 Cr.
Who are the current board members & directors of Primacy Industries Private Limited?
Currently 4 directors are associated with Primacy Industries Private Limited.
- Sandeshkumar Konilanamiraja
- Chandana Ramesh Tikoti
- Kalsank Kini Umesh
- Tonse Gautham Pai
What is the registered address of Primacy Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Primacy Industries Private Limited is Udayavani Building India, Manipal, Karnataka, 576104.
What is the corporate identification number (CIN) and company number of Primacy Industries Private Limited?
The corporate identification number (CIN) of Primacy Industries Private Limited is U24242KA2004PTC034633 and the company number is 034633 as per Ministry of Corporate Affairs (MCA).
What is the official website of Primacy Industries Private Limited?
The Official website of Primacy Industries Private Limited is https://www.primacyind.com
What has been the recent revenue trend for Primacy Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Primacy Industries Private Limited has risen by 21.18%.
How many employees does Primacy Industries Private Limited currently have?
As Per 2023 financial reports, 601 employees are currently employed by Primacy Industries Private Limited.
What change has been observed in the net worth of Primacy Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Primacy Industries Private Limited has experienced an downturn of -11.09%.
What are the total open charges for Primacy Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Primacy Industries Private Limited amount to ₹ 146.11 Cr.
When was the last Balance Sheet of Primacy Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Primacy Industries Private Limited was filed with the ROC on 31 Mar 2023.
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