Promise Distributors Private Limited
About Promise Distributors Private Limited
Data last updated:
Promise Distributors Private Limited was a private limited company based in Kolkata, West Bengal, 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 general merchandise retail segment of the home appliances and consumer durables sector. It was incorporated on 11 May 2010.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U52100WB2010PTC147413.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors Dwarkesh Bagri and Navneet Bagri.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 294 B.B. Ganguly Street 1st Floor, Kolkata, West Bengal, India – 700012.
As per the financials filed for FY 2024, the company reported a revenue of ₹21,483, a growth of 43% compared to the previous year. For the same year it recorded a net loss of ₹70,648 (net margin -328.9%) and EBITDA of -₹20,523 (EBITDA margin -95.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Promise Distributors Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address294 B.B. Ganguly Street 1st Floor, Kolkata, West Bengal, India – 700012
- IndustryHome Appliances, Non Specialized Stores, Retailers
To see the full contact details of Promise Distributors 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 Promise Distributors Private Limited
FY 2024 filings availablePromise Distributors Private Limited reported revenue of ₹21,483 (up 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 43% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 101% 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 | -₹20,523 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹70,648 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -95.5% | ||||
| Net Profit Margin | -328.9% | ||||
| 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 Promise Distributors Private Limited, buy the company report.
Board of directors of Promise Distributors Private Limited
Promise Distributors has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dwarkesh Bagri Also directs: Kuber Broking and Pro LLP, Udyogi Agritech Private Limited | Director | 15 Sep 2018 | 8 Years 1 Months | As last reported |
| Navneet Bagri | Director | 01 Sep 2018 | 8 Years 2 Months | As last reported |
Auditor
Promise Distributors Private Limited is audited by RUSTAGI ARUN & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RUSTAGI ARUN & CO. | FY 2017 | 320124E |
Shareholding
The shareholding of Promise Distributors Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Promise Distributors Private Limited, buy the company report.
Legal cases
Promise Distributors Private Limited has 1 court case on record: 1 filed by Promise Distributors. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Promise Distributors 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 Promise Distributors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Promise Distributors has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Promise Distributors Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Promise Distributors Private Limited has 13 board changes on record since 2012: 2 appointments and 11 cessations. The latest: Kamlesh Sogani ceased to be Director on 12 Feb 2020.
4 earlier events are in the company report.
Frequently asked questions
Promise Distributors 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.
Promise Distributors was a private limited company based in Kolkata, West Bengal, India. The company worked in non specialized stores, within the home appliances industry. It was incorporated on 11 May 2010 and is registered under CIN U52100WB2010PTC147413. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Promise Distributors was incorporated on 11 May 2010. It is registered with the Registrar of Companies, Kolkata.
Promise Distributors had 2 directors:
- Dwarkesh Bagri - Director
- Navneet Bagri - Director
The CIN (Corporate Identification Number) of Promise Distributors is U52100WB2010PTC147413. 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 Promise Distributors is at 294 B.B. Ganguly Street 1st Floor, Kolkata, West Bengal, India – 700012.
The latest financial statements of Promise Distributors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
Promise Distributors operated in the home appliances industry, in the non specialized stores segment.
Promise Distributors has 1 court case on record: 1 filed by the company.
Kamlesh Sogani ceased to be Director on 12 Feb 2020. Dwarkesh Bagri ceased to be Additional Director on 02 Sep 2019. Navneet Bagri ceased to be Additional Director on 02 Sep 2019. Promise Distributors has 13 board changes on record in total.
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