Proalgen Biotech Limited - Company Profile

It is a food and beverages public limited company based in Chennai, Tamil Nadu, India, established in 1997.
1997 Chennai, Tamil Nadu, India Active
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About Proalgen Biotech Limited

Proalgen Biotech Limited, a active public limited company, was established on 03 March 1997 in Chennai, Tamil Nadu, India. Engaging in flavouring & seasoning additives within the manufacturing sector, it holds CIN: U24117TN1997PLC037629. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹11.99 Cr.

Formerly known as Acl Chemicals Ltd. It upholds a compliant status. Its leadership includes Kalyanasundaram Krishnan (Director), Nidamangala Srinivasa Balamukundan (Managing Director), Nidamangala Srinivasa Venkatesh (Director). Past directors included Anantharaman Subramanyan Aiyar, Kalyanasundaram Krishnan, Malaiappan Viswanathan. It holds ₹6.47 Cr open charges and ₹18.69 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at New. No. 8, Old No. 11, 6Th Cross Street, Karpagam Gardens, Adya, R,, Chennai, Tamil Nadu, 600020.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U24117TN1997PLC037629

  • Registration Number

    037629

  • Incorporation Date

    03 March 1997

  • Authorized Capital

    ₹15.00 Cr

  • Paid-Up Capital

    ₹11.99 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 11.99 Cr
  • Company Age 29 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.47 Cr
  • Satisfied Charges ₹ 18.69 Cr
  • Revenue Growth **** -24.74%
  • Profit Growth **** -113.59%
  • Ebitda **** 73.58%
  • Net Worth -7.76%
  • Total Assets -0.75%
Company report

Proalgen Biotech Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Proalgen Biotech Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Proalgen Biotech Limited?
Current Directors
Name Designation Appointment Date Status
Kalyanasundaram Krishnan Director 29 Nov 2021 Current
Nidamangala Srinivasa Balamukundan Managing Director 01 Jan 1998 Current
Nidamangala Srinivasa Venkatesh Director 10 Jul 1999 Current
Ananthanarayanan Manjunath Director 29 Feb 2020 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 19 Mar 2012 Past
Pramod Abcsdd Additional Director 24 Dec 2021 Past
Pramod Abcsdd Director 26 Sep 2018 Past
Pramod Abcsdd Director 29 Dec 2016 Past
Pramod Abcsdd Additional Director 24 Jun 2017 Past
Pramod Abcsdd Director 01 Jan 2018 Past

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Financial Performance of Proalgen Biotech.

Proalgen Biotech Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 24.74% decrease. The company also saw a substantial fall in profitability, with a 113.59% decrease in profit. The company's net worth dipped by a decrease of 7.76%.

Proalgen Biotech revenue growth over time
Proalgen Biotech profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • 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
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 -24.74%
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Revenue from Operations
*******
 -12.85%
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Total Assets
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 -0.75%
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*******
*******
Profit or Loss
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 -113.59%
*******
*******
*******
*******
Net Worth
*******
 -7.76%
*******
*******
*******
*******
EBITDA
*******
 73.58%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Proalgen Biotech?

In 2022, Proalgen Biotech had a promoter holding of 71.56% and a public holding of 28.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹64,700,000.00

Satisfied Charges

₹186,900,000.00

Charges Breakdown by Lending Institutions
  • Others : 4.31 Cr
  • State Bank Of India : 2.16 Cr
Latest Charge Details
Date Lender Amount Status
13 Mar 2009 Others ₹4.31 Cr Open
08 Apr 2005 State Bank Of India ₹2.16 Cr Open
14 Apr 2005 Icici Limited ₹7.00 Cr Satisfied
14 Apr 2005 Icici Bank Ltd ₹7.00 Cr Satisfied
30 Jan 2002 The Vyasya Bank Ltd. ₹3.79 Cr Satisfied

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How Many Employees Work at Proalgen Biotech?

Unlock and access historical data on people associated with Proalgen Biotech, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Proalgen Biotech, 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 Proalgen Biotech'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.

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Latest Updates, News, and FAQs on Proalgen Biotech
Recent Activity within the Organization
  • Annual General Meeting

    Proalgen Biotech Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Proalgen Biotech Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was completed.

  • Charges

    The activity A charge with State Bank Of India of Rs. 2.16 Cr registered on 08 Apr 2005 with Charge ID 90290613 was modified on 15 Dec 2021. was completed.

  • Director Appointment

    The activity Kalyanasundaram Krishnan was appointed as a Director was appointed as a Director on 29 Nov 2021 & has been associated with this company since 4 years 7 months . was completed.

  • Director Appointment

    The activity Ananthanarayanan Manjunath was appointed as a Director was appointed as a Director on 29 Feb 2020 & has been associated with this company since 6 years 4 months . was completed.

  • Director Appointment

    Ponnurangam Selvakumar was appointed as a CFO was appointed as a CFO on 01 Jun 2019 & has been associated with this company since 7 years 1 month . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Proalgen Biotech Limited?

The CIN of Proalgen Biotech Limited is U24117TN1997PLC037629.

Where is Proalgen Biotech Limited headquartered?

Proalgen Biotech Limited is headquartered at New. No. 8, Old No. 11, 6Th Cross Street, Karpagam Gardens, Adya, R,, Chennai, Tamil Nadu, 600020.

When was Proalgen Biotech Limited incorporated?

Proalgen Biotech Limited was incorporated on 03 March 1997.

Who are the current directors of Proalgen Biotech Limited?

The current directors of Proalgen Biotech Limited are

What is the primary industry of Proalgen Biotech Limited?

The primary industry of Proalgen Biotech Limited is Manufacturing.

Is Proalgen Biotech Limited a listed company?

Proalgen Biotech Limited is unlisted.

What is the capital structure of Proalgen Biotech Limited?

The authorized capital of Proalgen Biotech Limited is ₹15.00 Cr, and the paid-up capital is ₹11.99 Cr.

What is the compliance status of Proalgen Biotech Limited?

The compliance status of Proalgen Biotech Limited is Compliant.

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