Punjab Agro Industries Corporation Limited

Government-operated company providing agro-based services and inputs for farmers, setting up food processing projects and facilities.

1966 | Chandigarh, Chandigarh (India) | Active
Last Updated:

Punjab Agro Industries Corporation Profile

Key Indicators

  • Authorised Capital ₹ 75.00 Cr
  • Paid Up Capital ₹ 49.21 Cr
  • Company Age 59 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,785.13 Cr
  • Revenue Growth 166.55%
  • Profit Growth 103.99%
  • Ebitda 116.64%
  • Net Worth 2.82%
  • Total Assets 9.11%

About Punjab Agro Industries Corporation

Punjab Agro Industries Corporation Limited (PAICL) was founded in India on 11 February 1966 and has a glorious history of 59 years and three months. Its registered office is in Chandigarh, Chandigarh.

The Corporate was formerly known as The Punjab Agro Industries Corporation Limited. 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 75.00 Cr and a paid-up capital of Rs 49.21 Cr.

The company currently has active open charges totaling ₹2,785.13 Cr.

The Key Managerial Personnel (KMP) at Punjab Agro Industries Corporation Limited India is Rajesh Sood as COMPANY SECRETARY. Jagnoor Grewal, Shaminder Khinda, Mukesh Jain, and Three other members serve as directors at the Company.

Company Details

  • Location Chandigarh, Chandigarh
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51219CH1966SGC002630

  • Company No.

    002630

  • Company Classification

    Private Limited State Government Company

  • Incorporation Date

    11 Feb 1966

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Agriculture
Company report

Punjab Agro Industries Corporation Limited

Explore comprehensive data for Punjab Agro Industries Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Rajesh Sood Country flag representing In Company Secretary01-Jun-2016Current
Jagnoor Grewal Country flag representing In Managing Director05-Dec-2023Current
Amit Kumar Country flag representing In Managing Director13-Apr-2023Current

Board Members (4)

NameDesignationAppointment DateStatus
Shaminder Khinda Country flag representing In Nominee Director 12-Sep-2022Current
Mukesh Jain Country flag representing In Nominee Director 27-Aug-2021Current
Yashanjit Singh Country flag representing In Nominee Director 03-Mar-2022Current
Dp Kharbanda Country flag representing In Director 21-Nov-2023Current

Financial Performance of Punjab Agro Industries Corporation.

Punjab Agro Industries Corporation Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 166.55% increase. The company also saw a substantial improvement in profitability, with a 103.99% increase in profit. The company's net worth moved up by a moderate rise of 2.82%.

Punjab Agro Industries Corporation revenue growth over time
Punjab Agro Industries Corporation 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
166.55%
Revenue from Operations
184.65%
Total Assets
9.11%
Profit or Loss
103.99%
Net Worth
2.82%
EBITDA
116.64%

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

In 2023, Punjab Agro Industries Corporation had a promoter holding of 100.00%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,785.13 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Governor Of Punjab : 997.00 Cr
  • Governer Of Punjab Through Directoe; Food And Supplies : 850.00 Cr
  • Governer Of Punjab; Through Director; Food And Supplies : 707.00 Cr
  • Punjab National Bank : 152.00 Cr
  • Sbicap Trustee Company Limited : 27.13 Cr
  • Others : 52.00 Cr

Latest Charge Details

DateLenderAmountStatus
20 Sep 2016Sbicap Trustee Company Limited₹27.13 CrOpen
29 Jun 2004Oriental Bank Of Commerce₹25.00 CrOpen
26 Nov 2002Punjab National Bank₹50.00 CrOpen
26 Nov 2002Punjab National Bank₹50.00 CrOpen
10 Jul 2002Governer Of Punjab; Through Director; Food And Supplies₹707.00 CrOpen

How Many Employees Work at Punjab Agro Industries Corporation?

Punjab Agro Industries Corporation has a workforce of 201 employees as of Apr 07, 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.

Employee growth trends for Punjab Agro Industries Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Punjab Agro Industries 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 Industries 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 Industries Corporation

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Director Appointment

    Jagnoor Singh Grewal was appointed as a Managing Director was appointed as a Managing Director on 05 Dec 2023 & has been associated with this company since 1 year 5 months .

  • Director Appointment

    Dp Singh Kharbanda was appointed as a Director was appointed as a Director on 21 Nov 2023 & has been associated with this company since 1 year 5 months .

  • Director Appointment

    Amit Kumar was appointed as a Managing Director was appointed as a Managing Director on 13 Apr 2023 & has been associated with this company since 2 years 1 month .

  • Director Appointment

    Shaminder Singh Khinda was appointed as a Nominee Director was appointed as a Nominee Director on 12 Sep 2022 & has been associated with this company since 2 years 8 months .

Frequently asked questions

  • What is the Incorporation or founding date of Punjab Agro Industries Corporation Limited?

    Punjab Agro Industries Corporation Limited was incorporated on 11 Feb 1966.

  • What is authorized share capital and paid-up capital of Punjab Agro Industries Corporation Limited?

    The authorized share capital of Punjab Agro Industries Corporation Limited is ₹ 75.00 Cr and paid-up capital is ₹ 49.21 Cr.

  • Who are the current board members & directors of Punjab Agro Industries Corporation Limited?

    Currently 7 directors are associated with Punjab Agro Industries Corporation Limited.

    • Rajesh Sood
    • Jagnoor Singh Grewal
    • Shaminder Singh Khinda
    • Mukesh Jain
    • Yashanjit Singh
    • Dp Singh Kharbanda
    • Amit Kumar

  • What is the registered address of Punjab Agro Industries Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Punjab Agro Industries Corporation Limited is Plot No. 2A Sector 28A, Madhyamarg India, Chandigarh.

  • What is the corporate identification number (CIN) and company number of Punjab Agro Industries Corporation Limited?

    The corporate identification number (CIN) of Punjab Agro Industries Corporation Limited is U51219CH1966SGC002630 and the company number is 002630 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Punjab Agro Industries Corporation Limited?

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

  • What has been the recent revenue trend for Punjab Agro Industries Corporation Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Punjab Agro Industries Corporation Limited has risen by 166.55%.

  • How many employees does Punjab Agro Industries Corporation Limited currently have?

    As Per 2022 financial reports, 201 employees are currently employed by Punjab Agro Industries Corporation Limited.

  • What change has been observed in the net worth of Punjab Agro Industries Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Punjab Agro Industries Corporation Limited has experienced an upsurge of 2.82%.

  • What are the total open charges for Punjab Agro Industries Corporation Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Punjab Agro Industries Corporation Limited amount to ₹ 2,785.13 Cr.

  • When was the last Balance Sheet of Punjab Agro Industries Corporation Limited filed with the ROC?

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

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