Promising Empire Private Limited
About Promising Empire Private Limited
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Promising Empire Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U70200UP2017PTC096081. Its GSTIN is 09AAJCP3785D1Z4 (Uttar Pradesh).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sidharth Sharma and Suresh Chandra Sharma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 41/9 Sector – 31, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.65 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹33.87 Lakh (net margin 7.3%) and EBITDA of ₹55.32 Lakh (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over five years.
As per MCA filings, the company has open charges of ₹20.85 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Promising Empire Private Limited's registered office is in Noida, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 41/9 Sector – 31, Noida, Uttar Pradesh, India – 201301
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Promising Empire 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
Business activity
The main business activity of Promising Empire is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Promising Empire Private Limited, buy the company report.
Financials of Promising Empire Private Limited
FY 2024 filings availablePromising Empire Private Limited reported revenue of ₹4.65 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 27% growth in the latest year. EBITDA rose 42% 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 | ₹55.32 Lakh | ||||
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| Net Profit (PAT) | ₹33.87 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 11.9% | ||||
| Net Profit Margin | 7.3% | ||||
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To see the full financial statements and ratios of Promising Empire Private Limited, buy the company report.
Board of directors of Promising Empire Private Limited
Promising Empire has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sidharth Sharma Also directs: Weaver Story LLP, Aman Netcom Private Limited., Oilman Tech Limited Liability Partnership and 5 more | Director | 26 Nov 2019 | 6 Years 11 Months | Current |
| Suresh Chandra Sharma Also directs: Weaver Story LLP, Travelling Trunk Private Limited, Glaze Promoters Limited and 1 more | Director | 30 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Promising Empire Private Limited is audited by GARG SHEKHAR & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARG SHEKHAR & COMPANY | FY 2023 | 026574N |
Shareholding
The shareholding of Promising Empire Private Limited is on record for 5 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 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Promising Empire Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2023 | 100810991 | Hdfc Bank Limited | ₹13.6 Lakh | Open | |
| 30 Apr 2019 | 100265875 | Axis Bank Limited | ₹7.25 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Promising Empire Private Limited has 4 court cases on record: 4 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Mainee Steel.Works Pvt Ltd | Disposed |
| District court, East, Delhi | Cheque dishonour complaint | Filed against the company | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
To see the full case history of Promising Empire 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 Promising Empire Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Promising Empire has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAJCP3785D1Z4 | Uttar Pradesh | Active | 19 Oct 2017 |
To see the full GST registrations and return filing status of Promising Empire Private Limited, buy the company report.
Recent activity
Promising Empire Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Ruchika Sharma ceased to be Director on 12 Oct 2021.
Frequently asked questions
Promising Empire is an active private limited company based in Noida, Uttar Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 August 2017 (9+ years old) and is registered under CIN U70200UP2017PTC096081.
Promising Empire has 2 current directors:
- Sidharth Sharma - Director
- Suresh Chandra Sharma - Director
The latest financial statements of Promising Empire on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Promising Empire is 09AAJCP3785D1Z4, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Promising Empire is U70200UP2017PTC096081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promising Empire has 4 court cases on record: 4 filed against it. 2 are pending.
Promising Empire was incorporated on 18 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kanpur.
Ruchika Sharma ceased to be Director on 12 Oct 2021. Suresh Chandra Sharma was appointed as Director on 30 Sep 2021. Fardan Khan Niyazi ceased to be Director on 29 Jan 2020. Promising Empire has 5 board changes on record in total.
The registered office of Promising Empire is at B – 419 Sector – 31, Noida, Uttar Pradesh, India – 201301.
Promising Empire operates in the real estate and construction industry, in the real estate builders and developers segment.
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