Promise Economics Profile
Key Indicators
- Authorised Capital ₹ 0.10 M
- Paid Up Capital ₹ 0.10 M
- Company Age 6 Year, 7 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 seven months 2 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
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Location
Namakkal, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U01229TZ2018PTC030670
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Company No.
030670
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
02 Jul 2018
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Date of AGM
30 Dec 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Promise Economics?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
David Jayakumar
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Director | 18-Aug-2021 | Current |
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Shanmugam Senthilraja
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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%.
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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)
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Lychee Enterprises Private LimitedDavid 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
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.
