Prem Hire Purchase Limited
About Prem Hire Purchase Limited
Data last updated:
Prem Hire Purchase Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 28 September 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65921TN1989PLC018126. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors including Sandeep Mehta (Managing Director) and Vishal Lodha.
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 01 Managappan Streetsowcarpet Chennai, Tamil Nadu, India – 600079.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.17 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹77.2 Lakh (net margin 66.1%) and EBITDA of ₹1.05 Cr (EBITDA margin 90.2%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹13.17 Lakh and satisfied charges of ₹50 Lakh on record. Court records list 130 cases involving the company, including 98 filed by the company and 32 filed against it; 32 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prem Hire Purchase Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address01 Managappan Streetsowcarpet Chennai, Tamil Nadu, India – 600079
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Prem Hire Purchase 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 Prem Hire Purchase is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Prem Hire Purchase Limited, buy the company report.
Financials of Prem Hire Purchase Limited
FY 2024 filings availablePrem Hire Purchase Limited reported revenue of ₹1.17 Cr (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 34% growth in the latest year. EBITDA rose 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.05 Cr | ||||
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| Net Profit (PAT) | ₹77.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 90.2% | ||||
| Net Profit Margin | 66.1% | ||||
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To see the full financial statements and ratios of Prem Hire Purchase Limited, buy the company report.
Board of directors of Prem Hire Purchase Limited
Prem Hire Purchase has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Lodha Also directs: Apna Finance (India) Limited | Director | 30 Mar 2009 | 17 Years 7 Months | Current |
| Sandeep Mehta | Managing Director | 28 Feb 1995 | 31 Years 8 Months | Current |
| Deepak Mehta | Director | 01 Apr 2002 | 24 Years 7 Months | Current |
Auditor
Prem Hire Purchase Limited is audited by JAIN BAFNA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN BAFNA & ASSOCIATES | FY 2017 | 001226S |
Shareholding
The shareholding of Prem Hire Purchase Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prem Hire Purchase Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2008 | 10128829 | T N Sridharan | ₹13.17 Lakh | Open | |
| 31 Oct 2007 | 10075256 | Indian Bank | ₹50 Lakh | Satisfied |
To see the full charge records of Prem Hire Purchase Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Prem Hire Purchase Limited has 130 court cases on record: 98 filed by Prem Hire Purchase, 32 filed against it. 32 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 94 | 12 | 25 |
| High courts | 36 | 20 | 7 |
Cases on record (5 of 130)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvannamalai, Tamil Nadu | Execution petition | Filed by the company against HDFC Bank Limited and 2 others | Disposed |
| District court, Tiruvannamalai, Tamil Nadu | Execution petition | Filed by the company against HDFC Bank Limited Ceebros Building and 1 other | Disposed |
| Madras High Court | Revision petition | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Madras High Court | Revision petition | Filed against the company by an individual | Pending |
To see the full case history of Prem Hire Purchase 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 Prem Hire Purchase Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prem Hire Purchase 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 Prem Hire Purchase Limited, buy the company report.
Recent activity
Prem Hire Purchase Limited has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Vinay Premprakashlad ceased to be Director on 30 Mar 2009.
Frequently asked questions
Prem Hire Purchase is an active public limited company based in Chennai, Tamil Nadu, India. The company works in nbfc, within the financial services industry. It was incorporated on 28 September 1989 (37+ years old) and is registered under CIN U65921TN1989PLC018126.
Prem Hire Purchase has 3 current directors:
- Sandeep Mehta - Managing Director
- Vishal Lodha - Director
- Deepak Mehta - Director
The latest financial statements of Prem Hire Purchase 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.
No. Prem Hire Purchase has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Prem Hire Purchase is U65921TN1989PLC018126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prem Hire Purchase has 130 court cases on record: 98 filed by the company and 32 filed against it. 32 are pending. Most are in the district courts.
Prem Hire Purchase was incorporated on 28 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
Vinay Premprakashlad ceased to be Director on 30 Mar 2009. Vishal Lodha was appointed as Director on 30 Mar 2009. Deepak Mehta was appointed as Director on 01 Apr 2002. Prem Hire Purchase has 4 board changes on record in total.
The registered office of Prem Hire Purchase is at 01 Managappan Streetsowcarpet Chennai, Tamil Nadu, India – 600079.
Prem Hire Purchase operates in the financial services industry, in the nbfc segment.
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