It is a food and beverages private limited company based in Salem, Tamil Nadu, India, established in 2018.
2018 | Salem, Tamil Nadu, India | ActivePromise Economics Private Limited, a active private limited company, was established on 02 July 2018 in Salem, Tamil Nadu, India. Engaging in food & beverage retail & distribution within the trade sector, it holds CIN: U01229TZ2018PTC030670. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹0.10 M and a paid-up capital of ₹0.10 M.
Its leadership includes Azhagesan Sivasankar (Director), Karuppan Murugesan (Director). Past directors included Shanmugam Senthilraja, Karuppan Murugesan, Kandasamy Thavasikumar. Its latest AGM occurred on 30 December 2024, with the balance sheet filed on 31 March 2024. It is based at Door No.167/2, Plot-M.I 130, Housing Board Colony, Nearby Sankiri R.S.,, Salem, Tamil Nadu, 637302.
U01229TZ2018PTC030670
030670
02 July 2018
₹0.10 M
₹0.10 M
Roc Coimbatore
Unlisted
Active
Explore comprehensive insights into Promise Economics Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.
Access Report
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Azhagesan Sivasankar | Director | 16 Aug 2025 | Current |
| Karuppan Murugesan | Director | 16 Aug 2025 | Current |
| Name | Designation | Cessation | Status |
|---|---|---|---|
| Pramod Abcsdd | Manager | 15 Dec 2022 | Past |
| Pramod Abcsdd | Director | 10 Nov 2022 | Past |
| Pramod Abcsdd | Director | 18 Aug 2021 | Past |
| Pramod Abcsdd | Director | 02 Aug 2019 | Past |
| Pramod Abcsdd | Director | - | Past |
Discover detailed profiles of directors and KMP - Unlock leadership insights today!
Promise Economics Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 20.86% increase. The company also saw a substantial improvement in profitability, with a 39.83% increase in profit. The company's net worth moved up by a moderate rise of 6.92%.
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
In 2020, Promise Economics had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Reveal ownership structures and financial performance - Get instant access now!
There are no open charges registered against the company as per our records.
Unlock and access historical data on people associated with Promise Economics, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Gain comprehensive insights into the Deals and Valuation data of Promise Economics, 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 Promise Economics's trajectory.
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.
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.
The activity Azhagesan Sivasankar was appointed as a Director was appointed as a Director on 16 Aug 2025 & has been associated with this company since 3 months 15 days . was completed.
Karuppan Murugesan was appointed as a Director was appointed as a Director on 16 Aug 2025 & has been associated with this company since 3 months 15 days . was recorded as a recent event.
Progress on Promise Economics Private Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records. was documented.
Progress on Promise Economics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore. was documented.
Promise Economics Private Limited was registered on 02 Jul 2018 with Roc Coimbatore & aged 7 years 4 months as per MCA records. was recorded as a recent event.
The CIN of Promise Economics Private Limited is U01229TZ2018PTC030670.
Promise Economics Private Limited is headquartered at Door No.167/2, Plot-M.I 130, Housing Board Colony, Nearby Sankiri R.S.,, Salem, Tamil Nadu, 637302.
Promise Economics Private Limited was incorporated on 02 July 2018.
The current directors of Promise Economics Private Limited are
The primary industry of Promise Economics Private Limited is Trade.
Promise Economics Private Limited is unlisted.
The authorized capital of Promise Economics Private Limited is ₹0.10 M, and the paid-up capital is ₹0.10 M.
Search company & director profiles for free and gain access to critical business data.
Company Details
+91-XXXXXXXXXX