Promise Economics Private Limited
Specializes in trading pulses and ragi for Promise Economics Private Limited.
2018 | Namakkal, Tamil Nadu (India) | Active
Promise Economics Profile
Key Indicators
- Authorised Capital ₹ 0.10 M
- Paid Up Capital ₹ 0.10 M
- Company Age 6 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Revenue Growth 20.86%
- Profit Growth 39.83%
- Ebitda 13.67%
- Net Worth 6.92%
- Total Assets 5.50%
About Promise Economics
Promise Economics Private Limited (PEPL) is a Private Limited Indian Non-Government Company incorporated in India on 02 July 2018 (Six years and eight months 20 days old ). Its registered office is in Namakkal, Tamil Nadu, India.
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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.
David Jayakumar and Shanmugam Senthilraja serve as directors at the Company.
Company Details
- Location
Namakkal, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U01229TZ2018PTC030670
- Company No.
030670
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
02 Jul 2018
- Date of AGM
30 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Food and Beverages
Promise Economics Private Limited
Explore comprehensive data for Promise Economics Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Promise Economics?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
David Jayakumar  | Director | 18-Aug-2021 | Current |
| Shanmugam Senthilraja | Whole-Time Director | 15-Dec-2022 | Current |
Financial Performance of Promise Economics.
Promise Economics Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 20.86% increase. The company also saw a substantial improvement in profitability, with a 39.83% increase in profit. The company's net worth moved up by a moderate rise of 6.92%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Promise Economics?
In 2020, Promise Economics 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)
- Lychee Enterprises Private Limited
David Jayakumar is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Promise Economics?
Unlock and access historical data on people associated with Promise Economics, 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 Promise Economics, 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 Promise Economics's trajectory.
Rating
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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 Promise Economics
Recent activity within the organization
- Annual General Meeting
Promise Economics Private Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.
- Balance Sheet
Promise Economics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
- Director Appointment
Shanmugam Senthilraja was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 15 Dec 2022 & has been associated with this company since 2 years 3 months .
- Director Appointment
David Jayakumar was appointed as a Director was appointed as a Director on 18 Aug 2021 & has been associated with this company since 3 years 7 months .
- Company Incorporation
Promise Economics Private Limited was registered on 02 Jul 2018 with Roc Coimbatore & aged 6 years 8 months as per MCA records.
Frequently asked questions
What is the Incorporation or founding date of Promise Economics Private Limited?
Promise Economics Private Limited was incorporated on 02 Jul 2018.
What is authorized share capital and paid-up capital of Promise Economics Private Limited?
The authorized share capital of Promise Economics Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Promise Economics Private Limited?
Currently 2 directors are associated with Promise Economics Private Limited.
- David Jayakumar
- Shanmugam Senthilraja
What is the registered address of Promise Economics Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Promise Economics Private Limited is Door No.167/2 Plot-M.I 130 Housing Board Colony Nearby Sankiri R.S., India, Salem, Tamil Nadu, 637302.
What is the corporate identification number (CIN) and company number of Promise Economics Private Limited?
The corporate identification number (CIN) of Promise Economics Private Limited is U01229TZ2018PTC030670 and the company number is 030670 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Promise Economics Private Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Promise Economics Private Limited has risen by 20.86%.
What change has been observed in the net worth of Promise Economics Private Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Promise Economics Private Limited has experienced an upsurge of 6.92%.
When was the last Balance Sheet of Promise Economics Private Limited filed with the ROC?
The most recent Balance Sheet for Promise Economics Private Limited was filed with the ROC on 31 Mar 2023.
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