Reach Promoters Profile
Key Indicators
- Authorised Capital ₹ 13.31 Cr
as on 16-11-2024
- Paid Up Capital ₹ 9.07 Cr
as on 16-11-2024
- Company Age 18 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 254.94 Cr
as on 16-11-2024
- Satisfied Charges ₹ 80.80 Cr
as on 16-11-2024
- Revenue 123.85%
(FY 2023)
- Profit 71.61%
(FY 2023)
- Ebitda 340.97%
(FY 2023)
- Net Worth -6.72%
(FY 2023)
- Total Assets 10.18%
(FY 2023)
About Reach Promoters
The Company is engaged in the Real Estate And Construction 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 13.31 Cr and a paid-up capital of Rs 9.07 Cr.
The company currently has active open charges totaling ₹254.94 Cr. The company has closed loans amounting to ₹80.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Harinder Hora, Paramjit Singh, Scott Eisenberg, and Two other members serve as directors at the Company.
- CIN/LLPIN
U70109DL2006PTC150938
- Company No.
150938
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
14 Jul 2006
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Company Details
- Location
New Delhi, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Reach Promoters?
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Karim Merchant  | Nominee Director | 27-Feb-2023 | Current |
John Collins  | Nominee Director | 30-Aug-2019 | Current |
| Harinder Hora | Director | 14-Jul-2006 | Current |
| Paramjit Singh | Director | 14-Jan-2008 | Current |
| Scott Eisenberg | Nominee Director | 16-Apr-2015 | Current |
Financial Performance and Corporate Structure Insights of Reach Promoters.
Reach Promoters Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 123.85% increase. The company also saw a substantial improvement in profitability, with a 71.61% increase in profit. The company's net worth dipped by a decrease of 6.72%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Reach Promoters?
In 2023, Reach Promoters 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)
Lake Shore India Management Private LimitedActive 11 years 6 monthsScott Eisenberg, Karim Merchant and 1 more are mutual person
- Red Infracon Private LimitedActive 11 years 4 months
Harinder Hora and Paramjit Singh are mutual person
- Reach Realcons Private LimitedActive 17 years 30 days
Harinder Hora and Paramjit Singh are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 03 May 2023 | ₹120.00 Cr | Open |
Others Creation Date: 17 Jun 2022 | ₹10.00 Cr | Open |
Others Creation Date: 27 Jul 2021 | ₹12.30 Cr | Open |
How Many Employees Work at Reach Promoters?
Reach Promoters has a workforce of 41 employees as of Mar 31, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Reach Promoters, 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 Reach Promoters'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.
