About Promex Brands Private Limited
Data last updated:
Promex Brands Private Limited was a private limited company based in Delhi, India, operated as a subsidiary of Stellar Concepts Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 10 December 2020.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2020PTC374400. Its GSTIN is 07AALCP6493J1ZQ (Delhi). The company held 8 GST registrations, all of them active.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1.66 Lakh. It was led by directors including Rishi Bajoria and Vaibhav Kaushish.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at B – 11/1 Okhla Industrial Area Phase – II, Delhi, India – 110020.
As per the financials filed for FY 2023, the company reported a revenue of ₹76.46 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.88 Cr (net margin -245.9%) and EBITDA of -₹57.07 Lakh (EBITDA margin -74.6%).
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Chili's Grill & Bar. As per MCA filings, the company had open charges of ₹8.3 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is chilis.com.
Company details
Contact details
Promex Brands Private Limited's registered office is in Delhi, Delhi. Its website is chilis.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressB – 11/1 Okhla Industrial Area Phase – II, Delhi, India – 110020
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Promex Brands 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
Brands
Promex Brands operates one associated brand: Chili's Grill & Bar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chain of grill and bar restaurants | chilis.com |
Business activity
The main business activity of Promex Brands is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Promex Brands Private Limited, buy the company report.
Financials of Promex Brands Private Limited
FY 2023 filings availablePromex Brands Private Limited reported revenue of ₹76.46 Lakh (up 81327% YoY) for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹76.46 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹57.07 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.88 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -74.6% | ||
| Net Profit Margin | -245.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Promex Brands Private Limited, buy the company report.
Board of directors of Promex Brands Private Limited
Promex Brands has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishi Bajoria Also directs: Tanushree Properties LLP, Jayshree Chemicals Limited, Wires and Fabriks (Sa) Ltd and 5 more | Director | 15 Feb 2022 | 4 Years 8 Months | As last reported |
| Vaibhav Kaushish Also directs: Trimex Foods Private Limited, Cogent Hospitality Private Limited | Director | 03 Mar 2022 | 4 Years 8 Months | As last reported |
| Gurpreet Singh Gulri | Director | 10 Dec 2020 | 5 Years 11 Months | As last reported |
| Rajiv Singh Saluja | Director | 15 Feb 2022 | 4 Years 8 Months | As last reported |
| Parambakshish Singh Toor Also directs: Trimex Foods Private Limited | Director | 15 Feb 2022 | 4 Years 8 Months | As last reported |
Auditor
Promex Brands Private Limited is audited by JC BHALLA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JC BHALLA & CO. | FY 2023 | 001111N |
Shareholding
The shareholding of Promex Brands Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Promex Brands Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2023 | 100817776 | Others | ₹8.3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Promex Brands Private Limited has 2 court cases on record: 2 filed by Promex Brands. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Principal Bench | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Promex Brands 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
Promex Brands Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 18 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| SNZ Concepts Private Limited | |||
| Kumar Enterprises | |||
| Dry Blend Foods Private Limited | |||
| Tatvaware India Private Limited |
To see the full MSME payment records of Promex Brands Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Promex Brands Private Limited has a workforce of 12 employees on its EPFO records as of Nov 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 12 |
| FY 2022-23 |
To see the full employee and EPFO history of Promex Brands Private Limited, buy the company report.
GST
Promex Brands has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AALCP6493J1ZQ | Delhi | Active | 17 Mar 2022 |
| 19AALCP6493J1ZL | West Bengal | Active | 02 Mar 2022 |
| 04AALCP6493J1ZW | Chandigarh | Active | 16 Mar 2022 |
| 29AALCP6493J1ZK | Karnataka | Active | 22 Jun 2022 |
To see the full GST registrations and return filing status of Promex Brands Private Limited, buy the company report.
Recent activity
Promex Brands Private Limited has 10 board changes on record since 2020: 5 appointments and 5 cessations. The latest: Dipanjit Singh ceased to be Director on 12 Sep 2023.
2 earlier events are in the company report.
News
Frequently asked questions
Promex Brands 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.
Promex Brands was a private limited company based in Delhi, India. The company worked in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 10 December 2020 and is registered under CIN U74999DL2020PTC374400. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Promex Brands was incorporated on 10 December 2020. It is registered with the Registrar of Companies, Delhi.
Promex Brands had 5 directors:
- Rishi Bajoria - Director
- Vaibhav Kaushish - Director
- Gurpreet Singh Gulri - Director
- Rajiv Singh Saluja - Director
- Parambakshish Singh Toor - Director
The CIN (Corporate Identification Number) of Promex Brands is U74999DL2020PTC374400. 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 Promex Brands is at B – 111 Okhla Industrial Area Phase – II, Delhi, India – 110020.
Promex Brands can be reached through the website chilis.com. Its registered office is in Delhi, India.
The latest financial statements of Promex Brands on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Promex Brands is 07AALCP6493J1ZQ, registered in Delhi. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 19AALCP6493J1ZL (West Bengal), 04AALCP6493J1ZW (Chandigarh), 29AALCP6493J1ZK (Karnataka).
Promex Brands operated in the travel and hospitality industry, in the hotel and accommodation services segment.
Promex Brands has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 18 overdue payments to 6 micro and small suppliers. The latest return was filed on 18 Dec 2023.
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