Punjab Agro Foodgrains Corporation Limited

Supporting agriculture through marketing, procurement, and contract farming. Wholly owned subsidiary of Punjab Agro Industries Corporation.

2002 | Chandigarh, Chandigarh (India) | Active
Last Updated: January 14, 2025

Punjab Agro Foodgrains Corporation Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 22 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 8,908.45 Cr
  • Satisfied Charges ₹ 6,303.27 Cr
  • Revenue Growth -75.08%
  • Profit Growth 63.06%
  • Ebitda -15.27%
  • Net Worth -4.51%
  • Total Assets -8.32%

About Punjab Agro Foodgrains Corporation

Punjab Agro Foodgrains Corporation Limited (PAFCL) is a leading Public Limited State Government Company incorporated in India on 08 July 2002 and has a history of 22 years and six months. Its registered office is in Chandigarh, Chandigarh.

The Company is engaged in the Agriculture Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 5.00 Cr.

The company currently has active open charges totaling ₹8,908.45 Cr. The company has closed loans amounting to ₹6,303.27 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Punjab Agro Foodgrains Corporation Limited India is Rajesh Sood as COMPANY SECRETARY. Bhupinder Singh, Yashanjit Singh, Amit Kumar, and Three other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U51229CH2002SGC025256

  • Company No.

    025256

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    08 Jul 2002

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Agriculture

Who are the key members and board of directors at Punjab Agro Foodgrains Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Amit Kumar Country flag representing In Managing Director26-Apr-2023Current
Rajesh Sood Country flag representing In Company Secretary01-Jun-2019Current

Board Members (5)

NameDesignationAppointment DateStatus
Bhupinder Singh Country flag representing In Director 13-May-2016Current
Yashanjit Singh Country flag representing In Nominee Director 03-Mar-2022Current
Tejinder Salana Country flag representing In Director 05-Jan-2022Current
Iqbal Bhullar Country flag representing In Director 12-Dec-2023Current
Gurdarshan Singh Country flag representing In Director 12-Dec-2023Current

Financial Performance of Punjab Agro Foodgrains Corporation.

Punjab Agro Foodgrains Corporation Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 75.08% decrease. The company also saw a substantial improvement in profitability, with a 63.06% increase in profit. The company's net worth dipped by a decrease of 4.51%.

Graph illustrating revenue growth over time
Graph showing 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
-75.08%
Revenue from Operations
-75.10%
Total Assets
-8.32%
Profit or Loss
63.06%
Net Worth
-4.51%
EBITDA
-15.27%

What is the Ownership and Shareholding Structure of Punjab Agro Foodgrains Corporation?

In 2023, Punjab Agro Foodgrains Corporation 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)

Open Charges

₹8,908.45 Cr

Satisfied Charges

₹6,303.27 Cr

Charges Breakdown by Lending Institutions

  • Governor Of Punjab : 4263.45 Cr
  • Governer Of Punjab : 2043.00 Cr
  • Governer Of Punajb : 1470.00 Cr
  • Governer Ofpunjab : 807.00 Cr
  • Others : 325.00 Cr

Latest Charge Details

DateLenderAmountStatus
21 Jan 2011Governor Of Punjab₹1,329.96 CrOpen
12 Mar 2010Governor Of Punjab₹1,414.34 CrOpen
05 Nov 2009Governor Of Punjab₹1,519.15 CrOpen
30 Dec 2008Others₹325.00 CrOpen
11 Mar 2005Governer Of Punajb₹50.00 CrOpen

How Many Employees Work at Punjab Agro Foodgrains Corporation?

Punjab Agro Foodgrains Corporation has a workforce of 99 employees as of Oct 15, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Punjab Agro Foodgrains Corporation, 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 Punjab Agro Foodgrains Corporation'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 Punjab Agro Foodgrains Corporation

Recent activity within the organization

  • Annual General Meeting

    Punjab Agro Foodgrains Corporation Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

    27 Sep 2024

  • Balance Sheet

    Punjab Agro Foodgrains Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

  • Director Appointment

    Iqbal Singh Bhullar was appointed as a Director was appointed as a Director on 12 Dec 2023 & has been associated with this company since 1 year 1 month .

    12 Dec 2023

  • Director Appointment

    Gurdarshan Singh was appointed as a Director was appointed as a Director on 12 Dec 2023 & has been associated with this company since 1 year 1 month .

    12 Dec 2023

  • Director Appointment

    Amit Kumar was appointed as a Managing Director was appointed as a Managing Director on 26 Apr 2023 & has been associated with this company since 1 year 9 months .

    26 Apr 2023

  • Director Appointment

    Yashanjit Singh was appointed as a Nominee Director was appointed as a Nominee Director on 03 Mar 2022 & has been associated with this company since 2 years 11 months .

    03 Mar 2022

Frequently asked questions

  • Punjab Agro Foodgrains Corporation Limited was incorporated on 08 Jul 2002.

  • The authorized share capital of Punjab Agro Foodgrains Corporation Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 Cr.

  • Currently 7 directors are associated with Punjab Agro Foodgrains Corporation Limited.

    • Bhupinder Singh
    • Yashanjit Singh
    • Amit Kumar
    • Tejinder Singh Salana
    • Iqbal Singh Bhullar
    • Gurdarshan Singh
    • Rajesh Sood
  • As per Ministry of Corporate Affairs (Mca), the registered address of Punjab Agro Foodgrains Corporation Limited is Plot No.-2A Sec-28-A, Madhya Marg India, Chandigarh.

  • The corporate identification number (CIN) of Punjab Agro Foodgrains Corporation Limited is U51229CH2002SGC025256 and the company number is 025256 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Punjab Agro Foodgrains Corporation Limited is https://www.punjabagro.gov.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Punjab Agro Foodgrains Corporation Limited has fallen by -75.08%.

  • As Per 2022 financial reports, 99 employees are currently employed by Punjab Agro Foodgrains Corporation Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Punjab Agro Foodgrains Corporation Limited has experienced an downturn of -4.51%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Punjab Agro Foodgrains Corporation Limited amount to ₹ 8,908.45 Cr.

  • The most recent Balance Sheet for Punjab Agro Foodgrains Corporation Limited was filed with the ROC on 31 Mar 2024.

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