Pal Freight Carriers Private Limited
About Pal Freight Carriers Private Limited
Data last updated:
Pal Freight Carriers Private Limited is a private limited company based in Punjab, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 21 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U60231PB1994PTC015086. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.26 Lakh. It is led by directors Harpal Singh and Parminder Singh.
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 is at 30 Transport Nagar Ludhiana, Punjab, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.52 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.67 Lakh (net margin 0.5%) and EBITDA of ₹2.39 Lakh (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pal Freight Carriers Private Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address30 Transport Nagar Ludhiana, Punjab, India
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Pal Freight Carriers 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 Pal Freight Carriers is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Pal Freight Carriers Private Limited, buy the company report.
Financials of Pal Freight Carriers Private Limited
FY 2023 filings availablePal Freight Carriers Private Limited reported revenue of ₹3.52 Cr (down 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 33% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹2.39 Lakh | ||||
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| Net Profit (PAT) | ₹1.67 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Pal Freight Carriers Private Limited, buy the company report.
Board of directors of Pal Freight Carriers Private Limited
Pal Freight Carriers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harpal Singh | Director | 21 Sep 1994 | 32 Years 1 Months | Current |
| Parminder Singh | Director | 21 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Pal Freight Carriers Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Panson Global Logistics Private Limited | ₹3.53 Cr (FY 2025) | 21.0% | Greater Noida, Uttar Pradesh, India | |||
| Nilshikhaa Crudes and Ores Private Limited | ₹3.53 Cr (FY 2021) | -24.0% | Udaipur, Rajasthan, India | |||
| Pal Freight Carriers Private Limitedthis company | ₹3.52 Cr (FY 2023) | ₹1.67 Lakh | 0.5% | -9.0% | Punjab, India | |
| Ayras Logistics Private Limited | ₹3.52 Cr (FY 2024) | 770.0% | Delhi, India |
To see the full peer comparison of Pal Freight Carriers Private Limited, buy the company report.
Auditor
Pal Freight Carriers Private Limited is audited by KOUL VIJH ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOUL VIJH ASSOCIATES | FY 2018 | 008709N |
Shareholding
The shareholding of Pal Freight Carriers Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pal Freight Carriers Private Limited, buy the company report.
Legal cases
Pal Freight Carriers Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Idfc First Bank Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by National Insurance Co.Ltd | Disposed |
To see the full case history of Pal Freight Carriers 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 Pal Freight Carriers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pal Freight Carriers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pal Freight Carriers Private Limited, buy the company report.
Recent activity
Pal Freight Carriers Private Limited has 4 board changes on record since 1994: 2 appointments and 2 cessations. The latest: Surjit Singh ceased to be Director on 27 Oct 2021.
Frequently asked questions
Pal Freight Carriers is an active private limited company based in Punjab, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 21 September 1994 (32+ years old) and is registered under CIN U60231PB1994PTC015086.
Pal Freight Carriers has 2 current directors:
- Harpal Singh - Director
- Parminder Singh - Director
The latest financial statements of Pal Freight Carriers 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 2015 are in the company report.
No. Pal Freight Carriers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Pal Freight Carriers is U60231PB1994PTC015086. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Freight Carriers has 3 court cases on record: 3 filed against it.
Pal Freight Carriers was incorporated on 21 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Pal Freight Carriers by revenue are Panson Global Logistics Private Limited, Nilshikhaa Crudes and Ores Private Limited, Ayras Logistics Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (land transport via road).
Surjit Singh ceased to be Director on 27 Oct 2021. Arvinder Singh ceased to be Director on 05 Feb 2019. Parminder Singh was appointed as Director on 21 Sep 2004. Pal Freight Carriers has 4 board changes on record in total.
The registered office of Pal Freight Carriers is at 30 Transport Nagar Ludhiana, Punjab, India.
Pal Freight Carriers operates in the transport and logistics industry, in the integrated and diversified logistics services segment.
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