Prime Drives Private Limited

Manufactures and distributes various types of gears, gear boxes, and drives, including accessories and fittings.

2020 | Coimbatore, Tamil Nadu (India) | Active
Last Updated: October 27, 2024

Prime Drives Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.40 M
  • Company Age 4 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.27 Cr
  • Revenue Growth -67.52%
  • Profit Growth 13.17%
  • Ebitda -153.26%
  • Net Worth -70.35%
  • Total Assets -24.68%

About Prime Drives

Prime Drives Private Limited (PDPL) is a Private Limited Indian Non-Government Company incorporated in India on 15 July 2020 (Four years and seven months 13 days old ). Its registered office is in Coimbatore, Tamil Nadu, India.

The Company is engaged in the Automotive 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 1.50 M and a paid-up capital of Rs 0.40 M.

The company currently has active open charges totaling ₹1.27 Cr.

Mohan Sripathy, Damodaraswamy Chandru, Senthilkumar, and One other member serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U29304TZ2020PTC034101

  • Company No.

    034101

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 Jul 2020

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Automotive

Who are the key members and board of directors at Prime Drives?

Board Members (4)

NameDesignationAppointment DateStatus
Damodaraswamy Chandru Country flag representing In Director 15-Jul-2020Current
Mohan Sripathy Country flag representing In Director 15-Jul-2020Current
Senthilkumar Country flag representing In Director 10-Aug-2020Current
Damodaraswamy Diliphan Country flag representing In Director 10-Aug-2020Current

Financial Performance of Prime Drives.

Prime Drives Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 67.52% decrease. The company also saw a substantial improvement in profitability, with a 13.17% increase in profit. The company's net worth observed a substantial decline by a decrease of 70.35%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-67.52%
Revenue from Operations
-67.52%
Total Assets
-24.68%
Profit or Loss
13.17%
Net Worth
-70.35%
EBITDA
-153.26%

What is the Ownership and Shareholding Structure of Prime Drives?

In 2023, Prime Drives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹12.73 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 1.27 Cr

Latest Charge Details

DateLenderAmountStatus
31 Jan 2021Others₹2.36 MOpen
08 Oct 2020Others₹7.25 MOpen
08 Oct 2020Others₹3.12 MOpen

How Many Employees Work at Prime Drives?

Unlock and access historical data on people associated with Prime Drives, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prime Drives, 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 Prime Drives's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Prime Drives

Recent activity within the organization

  • Annual General Meeting

    Prime Drives Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Prime Drives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 2.36 M with Charge ID 100412668 was registered on 31 Jan 2021.

    31 Jan 2021

  • Charges

    A charge with Others amounted to Rs. 7.25 M with Charge ID 100383232 was registered on 08 Oct 2020.

    08 Oct 2020

  • Charges

    A charge with Others amounted to Rs. 3.12 M with Charge ID 100383236 was registered on 08 Oct 2020.

    08 Oct 2020

  • Director Appointment

    Senthilkumar was appointed as a Director was appointed as a Director on 10 Aug 2020 & has been associated with this company since 4 years 6 months .

    10 Aug 2020

Frequently asked questions

  • Prime Drives Private Limited was incorporated on 15 Jul 2020.

  • The authorized share capital of Prime Drives Private Limited is ₹ 1.50 M and paid-up capital is ₹ 0.40 M.

  • Currently 4 directors are associated with Prime Drives Private Limited.

    • Mohan Sripathy
    • Damodaraswamy Chandru
    • Senthilkumar
    • Damodaraswamy Diliphan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Prime Drives Private Limited is 3/142 B Koraikadu Thottam A-1 Nagar Kangeyampalayam Sulur, Near A Thottam India, Coimbatore, Tamil Nadu, 641401.

  • The corporate identification number (CIN) of Prime Drives Private Limited is U29304TZ2020PTC034101 and the company number is 034101 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Prime Drives Private Limited has fallen by -67.52%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Prime Drives Private Limited has experienced an downturn of -70.35%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Prime Drives Private Limited amount to ₹ 1.27 Cr.

  • The most recent Balance Sheet for Prime Drives Private Limited was filed with the ROC on 31 Mar 2023.