Sara Suole Private Limited

Manufacturer of leather footwear and soles, with global exports and partnerships with top shoe brands.

2001 | Bangaluru, Karnataka (India) | Active
Last Updated: October 24, 2024

Sara Suole Profile

Key Indicators

  • Authorised Capital ₹ 26.00 Cr
  • Paid Up Capital ₹ 19.86 Cr
  • Company Age 23 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 170.73 Cr
  • Satisfied Charges ₹ 629.33 Cr
  • Revenue Growth 45.37%
  • Profit Growth 53.49%
  • Ebitda 60.50%
  • Net Worth 389.25%
  • Total Assets -28.02%

About Sara Suole

Sara Suole Private Limited (SSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 April 2001 and has a history of 23 years and nine months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Consumer Goods 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 26.00 Cr and a paid-up capital of Rs 19.86 Cr.

The company currently has active open charges totaling ₹170.73 Cr. The company has closed loans amounting to ₹629.33 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kayum Dhanani and Paveet Girishbhai serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U19119KA2001PTC028955

  • Company No.

    028955

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Apr 2001

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Consumer Goods

What products or services does Sara Suole Private Limited offer?

Sara Suole Private Limited offers a wide range of products and services, including Footwear Laces, Insole & Accessories, Footwear Accessories, Men, Women & Kids Footwear, Gents Shoes, Leather Shoes, Shoe Soles, Flat Slipper, Casual Slipper, Sneaker Shoes, Men Sneaker Shoes.

Who are the key members and board of directors at Sara Suole?

Executive Team (1)

NameDesignationAppointment DateStatus
Kayum Dhanani Country flag representing In Managing Director30-Mar-2005Current

Board Members (1)

NameDesignationAppointment DateStatus
Paveet Girishbhai Country flag representing Nz Director 16-Aug-2011Current

Financial Performance of Sara Suole.

Sara Suole Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 45.37% increase. The company also saw a substantial improvement in profitability, with a 53.49% increase in profit. The company's net worth Soared by an impressive increase of 389.25%.

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
45.37%
Revenue from Operations
50.31%
Total Assets
-28.02%
Profit or Loss
53.49%
Net Worth
389.25%
EBITDA
60.50%

What is the Ownership and Shareholding Structure of Sara Suole?

In 2023, Sara Suole had a promoter holding of 57.43% and a public holding of 42.57%. 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

₹170.73 Cr

Satisfied Charges

₹629.33 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 170.73 Cr

Latest Charge Details

DateLenderAmountStatus
12 Feb 2020Sbicap Trustee Company Limited₹170.73 CrOpen
09 Nov 2020State Bank Of India₹9.00 CrSatisfied
05 May 2020Others₹4.50 CrSatisfied
06 Feb 2019Hdfc Bank Limited₹40.00 CrSatisfied
27 Sep 2018Others₹30.00 CrSatisfied

How Many Employees Work at Sara Suole?

Sara Suole has a workforce of 2031 employees as of Aug 29, 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 Sara Suole, 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 Sara Suole'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 Sara Suole

Recent activity within the organization

  • Charges

    A charge registered on 06 Feb 2019 via Charge ID 100241066 with Hdfc Bank Limited was fully satisfied on 01 Nov 2023.

    01 Nov 2023

  • Charges

    A charge registered on 20 Jan 2018 via Charge ID 100163337 with Axis Bank Limited was fully satisfied on 11 Oct 2023.

    11 Oct 2023

  • Charges

    A charge registered on 09 Nov 2020 via Charge ID 100389573 with State Bank Of India was fully satisfied on 05 Oct 2023.

    05 Oct 2023

  • Charges

    A charge registered on 09 Feb 2015 via Charge ID 10553075 with State Bank Of India was fully satisfied on 05 Oct 2023.

    05 Oct 2023

  • Charges

    A charge registered on 28 Aug 2013 via Charge ID 10449061 with State Bank Of India was fully satisfied on 05 Oct 2023.

    05 Oct 2023

  • Annual General Meeting

    Sara Suole Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Sara Suole Private Limited was incorporated on 26 Apr 2001.

  • The authorized share capital of Sara Suole Private Limited is ₹ 26.00 Cr and paid-up capital is ₹ 19.86 Cr.

  • Currently 2 directors are associated with Sara Suole Private Limited.

    • Kayum Razak Dhanani
    • Paveet Amin Girishbhai
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sara Suole Private Limited is 187/3 187/4(A) C K Palya, Bannerghatta Road Sakalavara Post India, Bangalore South, Karnataka, 560083.

  • The corporate identification number (CIN) of Sara Suole Private Limited is U19119KA2001PTC028955 and the company number is 028955 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sara Suole Private Limited is https://www.saragroup.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Sara Suole Private Limited has risen by 45.37%.

  • As Per 2023 financial reports, 2031 employees are currently employed by Sara Suole Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Sara Suole Private Limited has experienced an upsurge of 389.25%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Sara Suole Private Limited amount to ₹ 170.73 Cr.

  • The most recent Balance Sheet for Sara Suole Private Limited was filed with the ROC on 31 Mar 2023.

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