Prize Petroleum Company Limited

Develops hydrocarbon accumulations through exploration, development, and production in various locations.

1998 | New Delhi (India) | Active
Last Updated: December 13, 2024

Prize Petroleum Company Profile

Key Indicators

  • Authorised Capital ₹ 720.00 Cr
  • Paid Up Capital ₹ 262.00 Cr
  • Company Age 26 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 10.00 Cr
  • Satisfied Charges ₹ 1,301.00 Cr
  • Revenue Growth -19.06%
  • Profit Growth -261.18%
  • Ebitda -590.12%
  • Net Worth -5.01%
  • Total Assets -3.70%

About Prize Petroleum Company

Prize Petroleum Company Limited (PPCL) is a leading Public Limited Union Government Company incorporated in India on 28 October 1998 and has a history of 26 years and three months. Its registered office is in New Delhi, India.

The Company is engaged in the Energy And Power 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 720.00 Cr and a paid-up capital of Rs 262.00 Cr.

The company currently has active open charges totaling ₹10.00 Cr. The company has closed loans amounting to ₹1,301.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Prize Petroleum Company Limited India are Nikhil Peshave as CEO and Asheesh Garg as Cfo. Bharathan Shunmugavel, Vipul Maheshwari, Kalpana Naik, and One other member serve as directors at the Company.

Company Details

  • Location

    New Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74899DL1998GOI096845

  • Company No.

    096845

  • Company Classification

    Public Limited Union Government Company

  • Incorporation Date

    28 Oct 1998

  • Date of AGM

    23 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Energy and Power

Who are the key members and board of directors at Prize Petroleum Company?

Executive Team (2)

NameDesignationAppointment DateStatus
Nikhil Peshave CEO28-Mar-2024Current
Asheesh Garg Country flag representing In CFO23-Jun-2023Current

Board Members (4)

NameDesignationAppointment DateStatus
Bharathan Shunmugavel Country flag representing In Director 13-Oct-2022Current
Vipul Maheshwari Country flag representing In Nominee Director 09-May-2022Current
Kalpana Naik Country flag representing In Director 26-Apr-2023Current
Anuj Mehrotra Director 12-Aug-2024Current

Financial Performance of Prize Petroleum Company.

Prize Petroleum Company Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 19.06% decrease. The company also saw a substantial fall in profitability, with a 261.18% decrease in profit. The company's net worth dipped by a decrease of 5.01%.

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
-19.06%
Revenue from Operations
-30.35%
Total Assets
-3.70%
Profit or Loss
-261.18%
Net Worth
-5.01%
EBITDA
-590.12%

What is the Ownership and Shareholding Structure of Prize Petroleum Company?

In 2022, Prize Petroleum Company 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

₹10.00 Cr

Satisfied Charges

₹1,301.00 Cr

Charges Breakdown by Lending Institutions

  • Corporation Bank : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
23 Mar 2010Corporation Bank₹10.00 CrOpen
03 Apr 2017Others₹558.23 CrSatisfied
20 Aug 2015State Bank Of India₹661.61 CrSatisfied
26 Oct 2006Corporation Bank₹75.50 CrSatisfied
07 Dec 2004Development Credit Bank Ltd.₹4.03 CrSatisfied

How Many Employees Work at Prize Petroleum Company?

Unlock and access historical data on people associated with Prize Petroleum Company, 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 Prize Petroleum Company, 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 Prize Petroleum Company'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 Prize Petroleum Company

Recent activity within the organization

  • Director Appointment

    Anuj Mehrotra was appointed as a Director was appointed as a Director on 12 Aug 2024 & has been associated with this company since 5 months 20 days .

    12 Aug 2024

  • Director Appointment

    Nikhil Surendra Peshave was appointed as a Ceo was appointed as a Ceo on 28 Mar 2024 & has been associated with this company since 10 months 4 days .

    28 Mar 2024

  • Charges

    A charge registered on 03 Apr 2017 via Charge ID 100093799 with Others was fully satisfied on 27 Oct 2023.

    27 Oct 2023

  • Annual General Meeting

    Prize Petroleum Company Limited last Annual general meeting of members was held on 23 Aug 2023 as per latest MCA records.

    23 Aug 2023

  • Director Appointment

    Asheesh Garg was appointed as a Cfo was appointed as a Cfo on 23 Jun 2023 & has been associated with this company since 1 year 7 months .

    23 Jun 2023

  • Director Appointment

    Kalpana Chetan Naik was appointed as a Director was appointed as a Director on 26 Apr 2023 & has been associated with this company since 1 year 9 months .

    26 Apr 2023

Frequently asked questions

  • Prize Petroleum Company Limited was incorporated on 28 Oct 1998.

  • The authorized share capital of Prize Petroleum Company Limited is ₹ 720.00 Cr and paid-up capital is ₹ 262.00 Cr.

  • Currently 6 directors are associated with Prize Petroleum Company Limited.

    • Nikhil Surendra Peshave
    • Bharathan Shunmugavel
    • Vipul Kumar Maheshwari
    • Kalpana Chetan Naik
    • Anuj Mehrotra
    • Asheesh Garg
  • As per Ministry of Corporate Affairs (Mca), the registered address of Prize Petroleum Company Limited is Jeevan Bharti Building 11Th Floor Tower-1 124 Connaught Place Indira Chowk, India, New Delhi, 110001.

  • The corporate identification number (CIN) of Prize Petroleum Company Limited is U74899DL1998GOI096845 and the company number is 096845 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Prize Petroleum Company Limited is https://www.prizepetroleum.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Prize Petroleum Company Limited has fallen by -19.06%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Prize Petroleum Company Limited has experienced an downturn of -5.01%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Prize Petroleum Company Limited amount to ₹ 10.00 Cr.

  • The most recent Balance Sheet for Prize Petroleum Company Limited was filed with the ROC on 31 Mar 2023.

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