Proalgen Biotech Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 11.99 Cr
- Company Age 28 Year, 24 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.47 Cr
- Satisfied Charges ₹ 18.69 Cr
- Revenue Growth -24.74%
- Profit Growth -113.59%
- Ebitda 73.58%
- Net Worth -7.76%
- Total Assets -0.75%
About Proalgen Biotech
Proalgen Biotech Limited (PBL) is a Public Limited Indian Non-Government Company incorporated in India on 03 March 1997 and has a history of 28 years. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Acl Chemicals Ltd. The Company is engaged in the Food And Beverages 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 15.00 Cr and a paid-up capital of Rs 11.99 Cr.
The company currently has active open charges totaling ₹6.47 Cr. The company has closed loans amounting to ₹18.69 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Proalgen Biotech Limited India is Ponnurangam Selvakumar as CFO. Kalyanasundaram Krishnan, Nidamangala Balamukundan, Nidamangala Venkatesh, and One other member serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24117TN1997PLC037629
- Company No.
037629
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Mar 1997
- Date of AGM
25 Oct 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Food and Beverages
What products or services does Proalgen Biotech Limited offer?
Proalgen Biotech Limited offers a wide range of products and services, including Pharma Ingredients & Raw Materials, Vitamin Powder API.
Who are the key members and board of directors at Proalgen Biotech?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nidamangala Balamukundan  | Managing Director | 01-Jan-1998 | Current |
| Ponnurangam Selvakumar | CFO | 01-Jun-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kalyanasundaram Krishnan | Director | 29-Nov-2021 | Current |
| Nidamangala Venkatesh | Director | 10-Jul-1999 | Current |
| Ananthanarayanan Manjunath | Director | 29-Feb-2020 | Current |
Financial Performance of Proalgen Biotech.
Proalgen Biotech Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 24.74% decrease. The company also saw a substantial fall in profitability, with a 113.59% decrease in profit. The company's net worth dipped by a decrease of 7.76%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Proalgen Biotech?
In 2022, Proalgen Biotech had a promoter holding of 71.56% and a public holding of 28.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Kalyanasundaram Krishnan is a mutual person
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Kalyanasundaram Krishnan is a mutual person
Charges (Loans)
Open Charges
₹6.47 Cr
Satisfied Charges
₹18.69 Cr
Charges Breakdown by Lending Institutions
- Others : 4.31 Cr
- State Bank Of India : 2.16 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2009 | Others | ₹4.31 Cr | Open |
| 08 Apr 2005 | State Bank Of India | ₹2.16 Cr | Open |
| 14 Apr 2005 | Icici Limited | ₹7.00 Cr | Satisfied |
| 14 Apr 2005 | Icici Bank Ltd | ₹7.00 Cr | Satisfied |
| 30 Jan 2002 | The Vyasya Bank Ltd. | ₹3.79 Cr | Satisfied |
How Many Employees Work at Proalgen Biotech?
Unlock and access historical data on people associated with Proalgen Biotech, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Proalgen Biotech, 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 Proalgen Biotech'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 Proalgen Biotech
Recent activity within the organization
- Annual General Meeting
Proalgen Biotech Limited last Annual general meeting of members was held on 25 Oct 2023 as per latest MCA records.
- Balance Sheet
Proalgen Biotech Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge with State Bank Of India of Rs. 2.16 Cr registered on 08 Apr 2005 with Charge ID 90290613 was modified on 15 Dec 2021.
- Director Appointment
Kalyanasundaram Krishnan was appointed as a Director was appointed as a Director on 29 Nov 2021 & has been associated with this company since 3 years 3 months .
- Director Appointment
Ananthanarayanan Manjunath was appointed as a Director was appointed as a Director on 29 Feb 2020 & has been associated with this company since 5 years 27 days .
- Director Appointment
Ponnurangam Selvakumar was appointed as a Cfo was appointed as a Cfo on 01 Jun 2019 & has been associated with this company since 5 years 9 months .
Frequently asked questions
What is the Incorporation or founding date of Proalgen Biotech Limited?
Proalgen Biotech Limited was incorporated on 03 Mar 1997.
What is authorized share capital and paid-up capital of Proalgen Biotech Limited?
The authorized share capital of Proalgen Biotech Limited is ₹ 15.00 Cr and paid-up capital is ₹ 11.99 Cr.
Who are the current board members & directors of Proalgen Biotech Limited?
Currently 5 directors are associated with Proalgen Biotech Limited.
- Kalyanasundaram Krishnan
- Nidamangala Srinivasa Balamukundan
- Nidamangala Srinivasa Venkatesh
- Ananthanarayanan Manjunath
- Ponnurangam Selvakumar
What is the registered address of Proalgen Biotech Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Proalgen Biotech Limited is New. No. 8 Old 11 6Th Cross Street Karpagam Gardens Adya R, India, Chennai, Tamil Nadu, 600020.
What is the corporate identification number (CIN) and company number of Proalgen Biotech Limited?
The corporate identification number (CIN) of Proalgen Biotech Limited is U24117TN1997PLC037629 and the company number is 037629 as per Ministry of Corporate Affairs (MCA).
What is the official website of Proalgen Biotech Limited?
The Official website of Proalgen Biotech Limited is https://www.proalgen.com
What has been the recent revenue trend for Proalgen Biotech Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Proalgen Biotech Limited has fallen by -24.74%.
What change has been observed in the net worth of Proalgen Biotech Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Proalgen Biotech Limited has experienced an downturn of -7.76%.
What are the total open charges for Proalgen Biotech Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Proalgen Biotech Limited amount to ₹ 6.47 Cr.
When was the last Balance Sheet of Proalgen Biotech Limited filed with the ROC?
The most recent Balance Sheet for Proalgen Biotech Limited was filed with the ROC on 31 Mar 2023.
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