Salem Erode Investments Limited

Founded in 1931 and headquartered in Tamil Nadu, India.

1931 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Salem Erode Investments Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 1.15 Cr
  • Company Age 93 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 26.57 Cr
  • Revenue Growth 47.96%
  • Profit Growth -113.57%
  • Ebitda 17.09%
  • Net Worth -0.36%
  • Total Assets 1.31%

About Salem Erode Investments

Salem Erode Investments Limited (SEIL) was founded in India on 16 May 1931 and has a glorious history of 93 years and nine months.Its registered office is in Chennai, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 540181.

The Company is engaged in the Financial Services 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 10.00 Cr and a paid-up capital of Rs 1.15 Cr.

The company currently has active open charges totaling ₹26.57 Cr.

The Key Managerial Personnel (KMP) at Salem Erode Investments Limited India is Madhavankutty Thekkedath as CFO. Ambadath Balan, Shinto Stanly, Saseendran Veliyath, and Three other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    salemerode.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L31200TN1931PLC145816

  • Company No.

    007116

  • Stock Symbol

    BSE : 540181

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 May 1931

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Salem Erode Investments?

Executive Team (2)

NameDesignationAppointment DateStatus
Madhavankutty Thekkedath CFO13-Jan-2022Current
Kuzhuppilly Anilkumar Country flag representing In Managing Director17-Feb-2020Current

Board Members (5)

NameDesignationAppointment DateStatus
Ambadath Balan Country flag representing In Director 29-Sep-2021Current
Shinto Stanly Country flag representing In Director 07-Feb-2024Current
Saseendran Veliyath Country flag representing In Director 17-Feb-2020Current
Thainakathu Babu Country flag representing In Director 17-Feb-2020Current
Umadevi Anilkumar Country flag representing In Director 17-Feb-2020Current

Financial Performance of Salem Erode Investments.

Salem Erode Investments Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 47.96% increase. The company also saw a substantial fall in profitability, with a 113.57% decrease in profit. The company's net worth dipped by a decrease of 0.36%.

Salem Erode Investments revenue growth over time
Salem Erode Investments 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
47.96%
Revenue from Operations
48.53%
Total Assets
1.31%
Profit or Loss
-113.57%
Net Worth
-0.36%
EBITDA
17.09%

What is the Ownership and Shareholding Structure of Salem Erode Investments?

In 2023, Salem Erode Investments had a promoter holding of 75.00% and a public holding of 25.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹26.57 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 26.57 Cr

Latest Charge Details

DateLenderAmountStatus
11 Mar 2024Others₹12.60 CrOpen
25 Nov 2023Others₹2.80 MOpen
18 Aug 2023Others₹5.75 MOpen
20 Oct 2022Others₹5.85 MOpen
29 Jul 2022Others₹6.60 MOpen

How Many Employees Work at Salem Erode Investments?

Salem Erode Investments has a workforce of 56 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 Salem Erode Investments Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Salem Erode Investments, 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 Salem Erode Investments'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 Salem Erode Investments

Recent activity within the organization

  • Annual General Meeting

    Salem Erode Investments Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Salem Erode Investments Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with Others amounted to Rs. 12.60 Cr with Charge ID 100914873 was registered on 11 Mar 2024.

  • Director Appointment

    Shinto Stanly was appointed as a Director was appointed as a Director on 07 Feb 2024 & has been associated with this company since 1 year 24 days .

  • Charges

    A charge with Others amounted to Rs. 0.28 Cr with Charge ID 100850035 was registered on 25 Nov 2023.

  • Charges

    A charge with Others amounted to Rs. 0.58 Cr with Charge ID 100791851 was registered on 18 Aug 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Salem Erode Investments Limited?

    Salem Erode Investments Limited was incorporated on 16 May 1931.

  • What is authorized share capital and paid-up capital of Salem Erode Investments Limited?

    The authorized share capital of Salem Erode Investments Limited is ₹ 10.00 Cr and paid-up capital is ₹ 1.15 Cr.

  • Who are the current board members & directors of Salem Erode Investments Limited?

    Currently 7 directors are associated with Salem Erode Investments Limited.

    • Ambadath Aiyyappan Balan
    • Shinto Stanly
    • Saseendran Veliyath
    • Madhavankutty Thekkedath
    • Thainakathu Govindankutty Babu
    • Umadevi Anilkumar
    • Kuzhuppilly Govinda Menon Anilkumar

  • What is the registered address of Salem Erode Investments Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Salem Erode Investments Limited is Door No. 61/A8 (38/A8) Vjp Parijatham Apartments 1St Avenue Ashok Nagar, India, Chennai, Tamil Nadu, 600083.

  • What is the corporate identification number (CIN) and company number of Salem Erode Investments Limited?

    The corporate identification number (CIN) of Salem Erode Investments Limited is L31200TN1931PLC145816 and the company number is 007116 as per Ministry of Corporate Affairs (MCA).

  • Is Salem Erode Investments Limited registered with any stock exchange in India?

    Yes, Salem Erode Investments Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Salem Erode Investments Limited?

    The Official website of Salem Erode Investments Limited is https://www.salemerode.com

  • What has been the recent revenue trend for Salem Erode Investments Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Salem Erode Investments Limited has risen by 47.96%.

  • How many employees does Salem Erode Investments Limited currently have?

    As Per 2023 financial reports, 56 employees are currently employed by Salem Erode Investments Limited.

  • What change has been observed in the net worth of Salem Erode Investments Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Salem Erode Investments Limited has experienced an downturn of -0.36%.

  • What are the total open charges for Salem Erode Investments Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Salem Erode Investments Limited amount to ₹ 26.57 Cr.

  • When was the last Balance Sheet of Salem Erode Investments Limited filed with the ROC?

    The most recent Balance Sheet for Salem Erode Investments Limited was filed with the ROC on 31 Mar 2024.

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