Palak Commodities Private Limited
About Palak Commodities Private Limited
Data last updated:
Palak Commodities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the banking institutions segment of the financial services sector. It was incorporated on 01 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1992PTC066204.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹53 Lakh. It is led by directors including Saurin Hasmukh Parekh and Kaushik Surendra Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.34 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹91.55 Lakh (net margin 68.4%) and EBITDA of ₹1.19 Cr (EBITDA margin 88.8%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 234% over five years.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address501/502 Heritage Plaza 'A' Wing 5th Floor Nityanand Nagar 28/29 Telli Gully Cross, Road, Mumbai, Maharashtra, India – 400069
- IndustryFinancial Services, Banking Institutions, Diversified Financial Services, Insurance Brokerage & Advisory
- 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
- One PDF report, delivered after checkout
Business Activity of Palak Commodities Private Limited
The main business activity of Palak Commodities is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Palak Commodities Private Limited FY 2025 filings available
Palak Commodities Private Limited reported revenue of ₹1.34 Cr (down 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Palak Commodities Private Limited
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 234%. EBITDA fell 34% 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 of Palak Commodities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹91.55 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Palak Commodities Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 88.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 68.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Palak Commodities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Palak Commodities Private Limited
Palak Commodities has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurin Hasmukh Parekh | Director | 09 Jan 1995 | 31 Years 9 Months | Current |
| Kaushik Surendra Shah | Director | 01 Apr 1992 | 34 Years 6 Months | Current |
| Surendra Shantilal Shah | Director | 01 Apr 1992 | 34 Years 6 Months | Current |
| Vishal Tansukhlal Minda | Director | 10 Oct 2005 | 21 Years 0 Months | Current |
Peer Comparison of Palak Commodities Private Limited
Palak Commodities Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Banks, Insurance Broking Firms, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prevail Consulting Private Limited | ₹1.34 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Kolkata, West Bengal, India |
| Anuradha Financial Services Private Limited | ₹1.34 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Mumbai, Maharashtra, India |
| Fiat Consulting Services Private Limited | ₹1.34 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Hyderabad, Telangana, India |
| Highlife Finserv Private Limited | ₹1.34 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Delhi, India |
| Pragati Vanijaya Private Limited | ₹1.34 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Palak Commodities Private Limited this company | ₹1.34 Cr (FY 2025) | •••• | •••• | -45.0% | •••• | Mumbai, Maharashtra, India |
| Arthashastra Finsec Providers Private Limited | ₹1.34 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Aajkal Investments Pvt Ltd | ₹1.34 Cr (FY 2025) | •••• | •••• | 237.0% | •••• | Ahmedabad, Gujarat, India |
| Sunlight Merchandise Pvt Ltd | ₹1.34 Cr (FY 2023) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| SGR Securities Private Limited | ₹1.33 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Regent Assets Consultancy Services Private Limited | ₹1.33 Cr (FY 2025) | •••• | •••• | 252.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Palak Commodities by revenue in the BFSI industry (Banks, Insurance Broking Firms, Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Palak Commodities Private Limited
Palak Commodities Private Limited is audited by JINESH DOSHI & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JINESH DOSHI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Palak Commodities Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Palak Commodities Private Limited
Palak Commodities Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Palak Commodities Private Limited
Palak Commodities Private Limited has 3 court cases on record: 2 filed by Palak Commodities, 1 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer, Ward 10(3) (1), Mumbai and 3 Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer Ito Ward, 10(3)(1) and 3 Ors | Disposed |
| Supreme Court | Special leave petition | Filed against the company by Income Tax Officer | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Palak Commodities Private Limited
Employment history and EPFO contributions of people linked to Palak Commodities.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Palak Commodities Private Limited
Palak Commodities Private Limited has 4 board changes on record since 1992: 4 appointments. The latest: Vishal Tansukhlal Minda was appointed as Director on 10 Oct 2005.
Credit Ratings, Litigation & Regulatory Alerts for Palak Commodities Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Palak Commodities Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Palak Commodities Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Palak Commodities Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Palak Commodities Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Palak Commodities Private Limited
Palak Commodities is an active private limited company based in Mumbai, Maharashtra, India. The company works in banking institutions, within the financial services industry. It was incorporated on 01 April 1992 (34+ years old) and is registered under CIN U67120MH1992PTC066204.
Palak Commodities reported revenue of ₹1.34 Cr for FY 2025 (down 45% YoY).
Palak Commodities has 4 current directors:
- Saurin Hasmukh Parekh - Director
- Kaushik Surendra Shah - Director
- Surendra Shantilal Shah - Director
- Vishal Tansukhlal Minda - Director
Palak Commodities reported a net profit of ₹91.55 Lakh (net margin 68.4%) and EBITDA of ₹1.19 Cr (EBITDA margin 88.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palak Commodities is 60% over three years and 234% over five years. In the latest year (FY 2025) revenue fell 45%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Palak Commodities is U67120MH1992PTC066204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palak Commodities has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Palak Commodities was incorporated on 01 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Palak Commodities by revenue are Prevail Consulting Private Limited, Anuradha Financial Services Private Limited, Fiat Consulting Services Private Limited, Highlife Finserv Private Limited, Pragati Vanijaya Private Limited and 5 more, all in the BFSI industry (Banks, Insurance Broking Firms, Other Financial Services).
Vishal Tansukhlal Minda was appointed as Director on 10 Oct 2005. Saurin Hasmukh Parekh was appointed as Director on 09 Jan 1995. Kaushik Surendra Shah was appointed as Director on 01 Apr 1992. Palak Commodities has 4 board changes on record in total.
The registered office of Palak Commodities is at 501502 Heritage Plaza A Wing 5th Floor Nityanand Nagar 2829 Telli Gully Cross, Road, Mumbai, Maharashtra, India – 400069.