About PGC Corporation Limited
Data last updated:
PGC Corporation Limited is a public limited company based in Tirupur, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 20 July 2006.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U51909TZ2006PLC012897. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹71.75 Cr and a paid-up capital of ₹15.93 Cr. It was formerly known as Pgc Corporation Private Limited and Premdurai Exports Private Limited. It is led by directors including Kaleeswaran Karuppiah (Whole-Time Director) and Duraiswamy Aadith Vikram.
Its last annual general meeting (AGM) was held on 28 September 2012, and its latest financial statements are for the year ended 31 March 2012. The registered office is at 5 Prem Gardens Rajaji Nagar P.N.Road, Tirupur, Tamil Nadu, India – 641602.
As per MCA filings, the company has open charges of ₹749.96 Cr and satisfied charges of ₹62.75 Cr on record. Court records list 78 cases involving the company, including 58 filed by the company and 20 filed against it; 8 cases are pending.
The last known website on record is pgccorporation.com.
Company details
Name history
PGC Corporation has undergone 3 name changes throughout its history. The company was previously known as Pgc Corporation Private Limited, Premdurai Exports Private Limited, and Pgc Textile Corporation Private Limited. The current legal name is Pgc Corporation Limited.
| Company Name | Status |
|---|---|
| PGC Corporation Limited | Current |
| Pgc Corporation Private Limited | Previous |
| Premdurai Exports Private Limited | Previous |
| Pgc Textile Corporation Private Limited | Previous |
CIN history
PGC Corporation has one previous CIN (Corporate Identification Number): U51909TZ2006PTC012897. The current CIN is U51909TZ2006PLC012897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909TZ2006PLC012897 | Current |
| U51909TZ2006PTC012897 | Previous |
Contact details
PGC Corporation Limited's registered office is in Tirupur, Tamil Nadu.
- Registered Address5 Prem Gardens Rajaji Nagar P.N.Road, Tirupur, Tamil Nadu, India – 641602
- IndustryFashion and Textile, Innerwear
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of PGC Corporation Limited
FY 2012 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of PGC Corporation Limited, buy the company report.
Board of directors of PGC Corporation Limited
PGC Corporation has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaleeswaran Karuppiah | Whole-Time Director | 20 Jul 2006 | 20 Years 3 Months | As last reported |
| Duraiswamy Aadith Vikram | Director | 28 May 2007 | 19 Years 5 Months | As last reported |
| Duraiswamy Prem Also directs: Choleeswara Farms Private Limited, Rainbow Texcolour Processors Private Limited, PGC Industries Private Limited and 3 more | Director | 20 Jul 2006 | 20 Years 3 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2012 | 10352950 | State Bank of Patiala | ₹57.5 Cr | Open | |
| 17 Nov 2011 | 10321573 | Indian Bank | ₹22.76 Cr | Open | |
| 20 Oct 2011 | 10315140 | Axis Bank Limited | ₹47.25 Cr | Open | |
| 29 Jun 2011 | 10296524 | Axis Bank Limited | ₹50 Cr | Open | |
| 25 Sep 2009 | 10183904 | State Bank of India | ₹112 Cr | Open |
To see the full charge records of PGC Corporation Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
PGC Corporation Limited has 78 court cases on record: 58 filed by PGC Corporation, 20 filed against it. 8 cases are pending and 70 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 58 | 17 | 5 |
| High courts | 19 | 3 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Criminal complaint | Filed against the company by M/S.Madura Coats Pvt.Ltd., by Branch Manager Sundar Babu | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed against the company by The Deputy Commissioner of Income Tax | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by M/S. Megha Infra Developmetn Private Limited, Rep.By. D.Harish Kumar | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner of Customs and 1 other | Pending |
To see the full case history of PGC Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for PGC Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
PGC Corporation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of PGC Corporation Limited, buy the company report.
Recent activity
PGC Corporation Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Bishakha Chakraborty ceased to be Company Secretary on 28 Feb 2014.
19 earlier events are in the company report.
Frequently asked questions
PGC Corporation is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
PGC Corporation is a company under liquidation, formerly operating as a public limited company based in Tirupur, Tamil Nadu, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 20 July 2006 and is registered under CIN U51909TZ2006PLC012897. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
PGC Corporation has 3 current directors:
- Kaleeswaran Karuppiah - Whole-Time Director
- Duraiswamy Aadith Vikram - Director
- Duraiswamy Prem - Director
The latest financial statements of PGC Corporation on record with the MCA are for the year ended 31 March 2012. Its last annual general meeting was held on 28 September 2012. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of PGC Corporation is U51909TZ2006PLC012897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
PGC Corporation has open charges of ₹749.96 Cr and satisfied charges of ₹62.75 Cr as per latest MCA filings.
PGC Corporation has 78 court cases on record: 58 filed by the company and 20 filed against it. 8 are pending. Most are in the district courts.
PGC Corporation was incorporated on 20 July 2006. It is registered with the Registrar of Companies, Coimbatore.
Bishakha Chakraborty ceased to be Company Secretary on 28 Feb 2014. Kaleeswaran Karuppiah ceased to be Director on 28 Dec 2012. Duraiswamy Aadith Vikram ceased to be Additional Director on 26 Sep 2007. PGC Corporation has 6 board changes on record in total.
PGC Corporation can be reached through the website pgccorporation.com. Its registered office is in Tirupur, Tamil Nadu, India.
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