Promise Economics Private Limited - Company Profile

It is a food and beverages private limited company based in Salem, Tamil Nadu, India, established in 2018.
2018 Salem, Tamil Nadu, India Active
Last Updated:
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About Promise Economics Private Limited

Promise 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 Karuppan Murugesan (Director), Azhagesan Sivasankar (Director). Past directors included Shanmugam Senthilraja, Karuppan Murugesan, Kandasamy Thavasikumar. It holds ₹15.00 Cr open charges and no settled loans. 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.

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

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U01229TZ2018PTC030670

  • Registration Number

    030670

  • Incorporation Date

    02 July 2018

  • Authorized Capital

    ₹0.10 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 7 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 15.00 Cr
  • Revenue Growth **** 20.86%
  • Profit Growth **** 39.83%
  • Ebitda **** 13.67%
  • Net Worth 6.92%
  • Total Assets **** 5.50%
Company report

Promise Economics Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

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.

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Who are the key members and board of directors at Promise Economics Private Limited?
Current Directors
Name Designation Appointment Date Status
Karuppan Murugesan Director 16 Aug 2025 Current
Azhagesan Sivasankar Director 16 Aug 2025 Current
Past Directors
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 16 Aug 2025 Past
Pramod Abcsdd Director 02 Aug 2019 Past

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Financial Performance of Promise Economics.

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%.

Promise Economics revenue growth over time
Promise Economics 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
********
 20.86%
*******
*******
*******
*******
Revenue from Operations
*******
 20.86%
*******
*******
*******
*******
Total Assets
*******
 5.50%
*******
*******
*******
*******
Profit or Loss
*******
 39.83%
*******
*******
*******
*******
Net Worth
*******
 6.92%
*******
*******
*******
*******
EBITDA
*******
 13.67%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Promise Economics?

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.

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

₹150,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 15.00 Cr
Latest Charge Details
Date Lender Amount Status
04 Oct 2025 Others ₹2.40 M Open
04 Oct 2025 Others ₹14.76 Cr Open

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How Many Employees Work at Promise Economics?

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.

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 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.

Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Promise Economics
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others amounted to Rs. 2.40 M with Charge ID 101207640 was registered on 04 Oct 2025. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 147.60 M with Charge ID 101207644 was registered on 04 Oct 2025. was documented.

  • Director Appointment

    The activity Karuppan Murugesan was appointed as a Director was appointed as a Director on 16 Aug 2025 & has been associated with this company since 6 months 17 days . was completed.

  • Director Appointment

    Azhagesan Sivasankar was appointed as a Director was appointed as a Director on 16 Aug 2025 & has been associated with this company since 6 months 17 days . was recorded as a recent event.

  • Annual General Meeting

    Promise Economics Private Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Promise Economics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore. was completed.

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Frequently Asked Questions
What is the CIN of Promise Economics Private Limited?

The CIN of Promise Economics Private Limited is U01229TZ2018PTC030670.

Where is Promise Economics Private Limited headquartered?

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.

When was Promise Economics Private Limited incorporated?

Promise Economics Private Limited was incorporated on 02 July 2018.

Who are the current directors of Promise Economics Private Limited?

The current directors of Promise Economics Private Limited are

What is the primary industry of Promise Economics Private Limited?

The primary industry of Promise Economics Private Limited is Trade.

Is Promise Economics Private Limited a listed company?

Promise Economics Private Limited is unlisted.

What is the capital structure of Promise Economics Private Limited?

The authorized capital of Promise Economics Private Limited is ₹0.10 M, and the paid-up capital is ₹0.10 M.

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