About Pioneer Elastic (India) Private Limited
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Pioneer Elastic (India) Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of Pioneer Elastic (Mauritius) Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74900AP2007PTC055016.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.75 Cr. It is led by directors including Joeffreysison Catungal (Whole-Time Director) and Sze Kin Sasha Chu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹57.75 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 2.6%) and EBITDA of ₹6.65 Cr (EBITDA margin 11.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 233 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pioneerelastic.com.
Company details
Contact details
Pioneer Elastic (India) Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is pioneerelastic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 6 Brandix India Apparel City (SEZ) Apsez Pudimadaka Road Atchuthapuram Ma, Ndal, Visakhapatnam, Andhra Pradesh, India – 531011
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Pioneer Elastic (India) Private Limited, buy the company report.
- 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 Pioneer Elastic (India) Private Limited
FY 2024 filings availablePioneer Elastic (India) Private Limited reported revenue of ₹57.75 Cr (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 130% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹57.75 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹6.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.5 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Pioneer Elastic (India) Private Limited, buy the company report.
Board of directors of Pioneer Elastic (India) Private Limited
Pioneer Elastic (India) has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sze Kin Sasha Chu | Director | 03 Aug 2007 | 19 Years 3 Months | Current |
| Lai Chuen Lee | Director | 07 Nov 2007 | 19 Years 0 Months | Current |
| Mohamed Ashroff Omar Also directs: Visakha Apparel Private Limited, Teejay India Private Limited, Adhistan Private Limited and 3 more | Director | 03 Aug 2007 | 19 Years 3 Months | Current |
| Joeffreysison Catungal | Whole-Time Director | 30 Nov 2021 | 4 Years 11 Months | Current |
| Lam Ka Chun Matthew | Director | 06 Jun 2008 | 18 Years 5 Months | Current |
Auditor
Pioneer Elastic (India) Private Limited is audited by Viswanadh Kota & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Viswanadh Kota & Co | FY 2023 | 011182S |
Shareholding
The shareholding of Pioneer Elastic (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pioneer Elastic (India) Private Limited, buy the company report.
Legal cases
Pioneer Elastic (India) Private Limited has 4 court cases on record: 4 filed by Pioneer Elastic (India). All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against The State of Andhra Pradesh and 2 others | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Apiic Industrial Area Local Authority, | Disposed |
| High Court | Writ petition | Filed by the company against Apiic Industrial Area Local Authority, | Disposed |
To see the full case history of Pioneer Elastic (India) Private 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 Pioneer Elastic (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pioneer Elastic (India) Private Limited has a workforce of 233 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Pioneer Elastic (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pioneer Elastic (India) Private Limited has 11 board changes on record since 2007: 5 appointments and 6 cessations. The latest: Joeffreysison Catungal was appointed as Whole-Time Director on 30 Nov 2021.
2 earlier events are in the company report.
Frequently asked questions
Pioneer Elastic (India) is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 August 2007 (19+ years old) and is registered under CIN U74900AP2007PTC055016.
Pioneer Elastic (India) has 5 current directors:
- Joeffreysison Catungal - Whole-Time Director
- Sze Kin Sasha Chu - Director
- Lai Chuen Lee - Director
- Mohamed Ashroff Omar - Director
- Lam Ka Chun Matthew - Director
The latest financial statements of Pioneer Elastic (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pioneer Elastic (India) is U74900AP2007PTC055016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer Elastic (India) has 4 court cases on record: 4 filed by the company.
Pioneer Elastic (India) was incorporated on 03 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Vijayawada.
Joeffreysison Catungal was appointed as Whole-Time Director on 30 Nov 2021. Mohamed Aslam Omar ceased to be Director on 20 Sep 2021. Joeffreysison Catungal ceased to be Additional Director on 13 Aug 2021. Pioneer Elastic (India) has 11 board changes on record in total.
Pioneer Elastic (India) can be reached through the website pioneerelastic.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Pioneer Elastic (India) is at Plot No. 6 Brandix India Apparel City SEZ Apsez Pudimadaka Road Atchuthapuram Ma, Ndal, Visakhapatnam, Andhra Pradesh, India – 531011.
Pioneer Elastic (India) operates in the manufacturing industry, in the textile and fabric production segment.
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