Promark Techsolutions Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 1.50 Cr
- Company Age 14 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 43.50 Cr
- Satisfied Charges ₹ 21.80 Cr
- Revenue Growth 28.98%
- Profit Growth 46.12%
- Ebitda 57.26%
- Net Worth 87.98%
- Total Assets 29.95%
About Promark Techsolutions
Promark Techsolutions Private Limited (PTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 05 October 2010 and has a history of 14 years and five months. Its registered office is in Rupnagar, Punjab, India.
The Company is engaged in the Wood 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 Cr and a paid-up capital of Rs 1.50 Cr.
The company currently has active open charges totaling ₹43.50 Cr. The company has closed loans amounting to ₹21.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashwani Kumar and Pushapjeet Brar serve as directors at the Company.
Company Details
- Location
Rupnagar, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U36109PB2010PTC034337
- Company No.
034337
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
05 Oct 2010
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Wood
What products or services does Promark Techsolutions Private Limited offer?
Promark Techsolutions Private Limited offers a wide range of products and services, including Presentation Boards & Accessories, Notice Board, Camera & Photography Equipments, Camera, Laptops, PC, Mainframes & Computers, Kiosk Systems, Magnetic Boards, Online Education & Coaching Services, Online Education Consultancy Services, LED Display Board & Light Boxes.
Who are the key members and board of directors at Promark Techsolutions?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Pushapjeet Brar  | Director | 05-Oct-2010 | Current |
| Ashwani Kumar | Director | 05-Oct-2010 | Current |
Financial Performance of Promark Techsolutions.
Promark Techsolutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.98% increase. The company also saw a substantial improvement in profitability, with a 46.12% increase in profit. The company's net worth Soared by an impressive increase of 87.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Promark Techsolutions?
In 2023, Promark Techsolutions 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)
Promine Industries Private LimitedPushapjeet Brar is a mutual person
Charges (Loans)
Open Charges
₹43.50 Cr
Satisfied Charges
₹21.80 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 43.35 Cr
- Canara Bank : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2023 | Axis Bank Limited | ₹3.50 Cr | Open |
| 18 Jul 2023 | Axis Bank Limited | ₹39.85 Cr | Open |
| 09 Jul 2020 | Canara Bank | ₹0.50 M | Open |
| 31 Jul 2019 | Canara Bank | ₹1.00 M | Open |
| 15 May 2023 | Others | ₹2.00 Cr | Satisfied |
How Many Employees Work at Promark Techsolutions?
Promark Techsolutions has a workforce of 46 employees as of Mar 31, 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 Promark Techsolutions, 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 Promark Techsolutions'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 Promark Techsolutions
Recent activity within the organization
- Charges
A charge with Axis Bank Limited of Rs. 39.85 Cr registered on 18 Jul 2023 with Charge ID 100768819 was modified on 28 Aug 2024.
- Charges
A charge registered on 01 Jun 2018 via Charge ID 100182977 with State Bank Of India was fully satisfied on 13 Aug 2024.
- Charges
A charge registered on 01 Jun 2018 via Charge ID 100182978 with State Bank Of India was fully satisfied on 13 Aug 2024.
- Charges
A charge registered on 15 May 2023 via Charge ID 100726167 with Others was fully satisfied on 02 Mar 2024.
- Charges
A charge with Axis Bank Limited amounted to Rs. 3.50 Cr with Charge ID 100886197 was registered on 22 Dec 2023.
- Charges
A charge registered on 16 Oct 2021 via Charge ID 100503818 with Others was fully satisfied on 29 Sep 2023.
Recent News, Updates & Announcement
Florida's BBI Acquires Louisiana's Promark in Major Expansion Deal.Florida company buys Louisiana company, more states for them. No price tag mentioned. Big moves, big market. #BBI #Promark #acquisition #expansion.
Frequently asked questions
What is the Incorporation or founding date of Promark Techsolutions Private Limited?
Promark Techsolutions Private Limited was incorporated on 05 Oct 2010.
What is authorized share capital and paid-up capital of Promark Techsolutions Private Limited?
The authorized share capital of Promark Techsolutions Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.50 Cr.
Who are the current board members & directors of Promark Techsolutions Private Limited?
Currently 2 directors are associated with Promark Techsolutions Private Limited.
- Ashwani Kumar
- Pushapjeet Singh Brar
What is the registered address of Promark Techsolutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Promark Techsolutions Private Limited is By-Pass Ludhiana Highway (Nh-95) Adjoining Preet Palace, Village: Baddi M Adouli India, Morinda, Punjab, 140101.
What is the corporate identification number (CIN) and company number of Promark Techsolutions Private Limited?
The corporate identification number (CIN) of Promark Techsolutions Private Limited is U36109PB2010PTC034337 and the company number is 034337 as per Ministry of Corporate Affairs (MCA).
What is the official website of Promark Techsolutions Private Limited?
The Official website of Promark Techsolutions Private Limited is https://www.promark.co.in
What has been the recent revenue trend for Promark Techsolutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Promark Techsolutions Private Limited has risen by 28.98%.
How many employees does Promark Techsolutions Private Limited currently have?
As Per 2023 financial reports, 46 employees are currently employed by Promark Techsolutions Private Limited.
What change has been observed in the net worth of Promark Techsolutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Promark Techsolutions Private Limited has experienced an upsurge of 87.98%.
What are the total open charges for Promark Techsolutions Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Promark Techsolutions Private Limited amount to ₹ 43.50 Cr.
When was the last Balance Sheet of Promark Techsolutions Private Limited filed with the ROC?
The most recent Balance Sheet for Promark Techsolutions Private Limited was filed with the ROC on 31 Mar 2023.
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