Promise Economics Private Limited

Specializes in trading pulses and ragi for Promise Economics Private Limited.

2018 | Namakkal, Tamil Nadu (India) | Active
Last Updated:

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 7 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

Who are the key members and board of directors at Promise Economics?

Board Members (2)

NameDesignationAppointment DateStatus
David Jayakumar Country flag representing In Director 18-Aug-2021Current
Shanmugam Senthilraja Country flag representing In Whole-Time Director 15-Dec-2022Current

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%.

Promise Economics revenue growth over time
Promise Economics 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
20.86%
Revenue from Operations
20.86%
Total Assets
5.50%
Profit or Loss
39.83%
Net Worth
6.92%
EBITDA
13.67%

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.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

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.

Employee growth trends for Promise Economics Private Limited

Deals i

Graph showing company valuation over time

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

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 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 2 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 6 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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