About Praveg Communications Limited
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Praveg Communications Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the event planning and management segment of the events and entertainment sector. It was incorporated on 05 April 2005.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74300GJ2005PLC045833. Its GSTIN is 24AADCP5421A1Z3 (Gujarat). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹20.5 Lakh and a paid-up capital of ₹17.78 Lakh. It was formerly known as Praveg Communications Private Limited. It was led by directors including Paraskumar Maneklal Patel (Managing Director) and Sunita Paras Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 102 Shanti Arcade Nr.Akash III 132 Feet Ring Road Naranpura, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2019, the company reported a revenue of ₹70.59 Cr, a growth of 84% compared to the previous year. For the same year it recorded a net profit of ₹3.89 Cr (net margin 5.5%) and EBITDA of ₹5.83 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years.
The company had about 34 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹63 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is praveg.com.
Company details
CIN history
Praveg Communications has one previous CIN (Corporate Identification Number): U74300GJ2005PTC045833. The current CIN is U74300GJ2005PLC045833, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74300GJ2005PLC045833 | Current |
| U74300GJ2005PTC045833 | Previous |
Contact details
Praveg Communications Limited's registered office is in Ahmedabad, Gujarat. Its website is praveg.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address102 Shanti Arcade Nr.Akash III 132 Feet Ring Road Naranpura, Ahmedabad, Gujarat, India – 380013
- IndustryEvents and Entertainment, Event Planning & Management
To see the full contact details of Praveg Communications 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
Business activity
The main business activity of Praveg Communications is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Praveg Communications Limited, buy the company report.
Financials of Praveg Communications Limited
FY 2019 filings availablePraveg Communications Limited reported revenue of ₹70.59 Cr (up 84% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over three years, including 84% growth in the latest year. EBITDA rose 8% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹5.83 Cr | ||||
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| Net Profit (PAT) | ₹3.89 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 5.5% | ||||
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To see the full financial statements and ratios of Praveg Communications Limited, buy the company report.
Board of directors of Praveg Communications Limited
Praveg Communications 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 |
|---|---|---|---|---|
| Paraskumar Maneklal Patel | Managing Director | 05 Apr 2005 | 21 Years 7 Months | As last reported |
| Sunita Paras Patel Also directs: Paras Foundation, Paras Patel Family Office LLP | Whole-Time Director | 20 Jun 2006 | 20 Years 4 Months | As last reported |
| Patel Vishnukumar Vitthaldas Also directs: Westport Infrastructure Private Limited, Praveg Limited, Jhaveri Credits and Capital Limited and 5 more | Director | 29 Jun 2013 | 13 Years 4 Months | As last reported |
Auditor
Praveg Communications Limited is audited by HARSHESH JASVANI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARSHESH JASVANI & ASSOCIATES | FY 2018 | 130232W |
Shareholding
The shareholding of Praveg Communications Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Praveg Communications Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2015 | 10598310 | Indian Bank | ₹40 Lakh | Satisfied | |
| 15 Nov 2014 | 10540441 | Hdfc Bank Limited | ₹23 Lakh | Satisfied |
To see the full charge records of Praveg Communications Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Praveg Communications Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (COMP.APPL) | Filed against the company by BSE Ltd. | Disposed |
To see the full case history of Praveg Communications 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.
Credit ratings & regulatory alerts
Praveg Communications Limited was last rated by Crisil on 06 Sep 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Sep 2019 |
To see the full credit ratings and regulatory alerts of Praveg Communications Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Praveg Communications Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Praveg Communications has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Praveg Tourism Private Limited | U74120GJ2012PTC069564 |
To see the full group structure of Praveg Communications Limited, buy the company report.
Employees & EPFO
Praveg Communications Limited has a workforce of 34 employees on its EPFO records as of Mar 2021.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 34 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Praveg Communications Limited, buy the company report.
GST
Praveg Communications has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP5421A1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Praveg Communications Limited, buy the company report.
Recent activity
Praveg Communications Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Jagdish Vithalbhai Patel ceased to be Director on 15 Dec 2014.
1 earlier event is in the company report.
News
Frequently asked questions
Praveg Communications has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Praveg Communications was a public limited company based in Ahmedabad, Gujarat, India. The company worked in event planning and management, within the events and entertainment industry. It was incorporated on 05 April 2005 and is registered under CIN U74300GJ2005PLC045833. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Praveg Communications was incorporated on 05 April 2005. It is registered with the Registrar of Companies, Ahmedabad.
Praveg Communications had 3 directors:
- Paraskumar Maneklal Patel - Managing Director
- Sunita Paras Patel - Whole-Time Director
- Patel Vishnukumar Vitthaldas - Director
The CIN (Corporate Identification Number) of Praveg Communications is U74300GJ2005PLC045833. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Praveg Communications is at 102 Shanti Arcade Nr.Akash III 132 Feet Ring Road Naranpura, Ahmedabad, Gujarat, India – 380013.
Praveg Communications can be reached through the website praveg.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Praveg Communications on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Praveg Communications is 24AADCP5421A1Z3, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Praveg Communications operated in the events and entertainment industry, in the event planning and management segment.
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