MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0078560
Palm Tax Solutions Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹41.71 Lakh
▼ 6% YoY
Net profit · FY 2024
₹2.37 Lakh
Net margin 5.7%
EBITDA · FY 2024
₹2.71 Lakh
EBITDA margin 6.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.5 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Palm Tax Solutions Private Limited
Data last updated:
Palm Tax Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 05 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2013PTC241728. Its GSTIN is 27AAHCP1109R1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Jayesh Rajnikant Karkhanis and Jay Ramesh 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 2/31 Praful Jyot Garodia Nagar Vallabhbag Lane Extn Ghatkopar (East), Mumbai, Maharashtra, India – 400075.
As per the financials filed for FY 2024, the company reported a revenue of ₹41.71 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.37 Lakh (net margin 5.7%) and EBITDA of ₹2.71 Lakh (EBITDA margin 6.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
Palm Tax Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0078560). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palmtax.com.
Company details
CIN U93000MH2013PTC241728
Registration Number 241728
Incorporation Date 05 April 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0078560
Recognitions & Rankings of Palm Tax Solutions
Contact details
Palm Tax Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is palmtax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2/31 Praful Jyot Garodia Nagar Vallabhbag Lane Extn Ghatkopar (East), Mumbai, Maharashtra, India – 400075
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
To see the full contact details of Palm Tax Solutions Private Limited, buy the company report.
Comprehensive company report
Palm Tax Solutions Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Palm Tax Solutions is professional, scientific and technical activities. In detail, this covers legal and accounting activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 69 | Legal and accounting activities |
To see the full business activity and turnover split of Palm Tax Solutions Private Limited, buy the company report.
Financials of Palm Tax Solutions Private Limited
FY 2025 filings availablePalm Tax Solutions Private Limited reported revenue of ₹41.71 Lakh (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹41.71 Lakh ▼ 6%
Net profit · FY 2024
₹2.37 Lakh margin 5.7%
EBITDA · FY 2024
₹2.71 Lakh margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 129%
3 years · compounded
▼ 16%
5 years · compounded
▼ 2%
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 6% fall in the latest year. EBITDA rose 129% 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 | ₹2.71 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.37 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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| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 5.7% | ||||
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To see the full financial statements and ratios of Palm Tax Solutions Private Limited, buy the company report.
Board of directors of Palm Tax Solutions Private Limited
Palm Tax Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Rajnikant Karkhanis Also directs: Profit-Maxi Startup & MSME Advisor Private Limited | Director | 13 May 2013 | 13 Years 5 Months | Current |
| Jay Ramesh Shah | Director | 05 Apr 2013 | 13 Years 7 Months | Current |
| Sejal Jay Shah Also directs: Grow and Save Technologies LLP | Director | 05 Apr 2013 | 13 Years 7 Months | Current |
Auditor
Palm Tax Solutions Private Limited is audited by BHARTI THAKKAR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARTI THAKKAR & CO | FY 2021 | 140294W |
Shareholding
The shareholding of Palm Tax Solutions Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Palm Tax Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palm Tax Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palm Tax Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palm Tax Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP1109R1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palm Tax Solutions Private Limited, buy the company report.
Recent activity
Palm Tax Solutions Private Limited has 3 board changes on record since 2013: 3 appointments. The latest: Jayesh Rajnikant Karkhanis was appointed as Director on 13 May 2013.
AGM
Palm Tax Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Palm Tax Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Jayesh Rajnikant Karkhanis was appointed as Director.
Appointed
Jay Ramesh Shah was appointed as Director.
Appointed
Sejal Jay Shah was appointed as Director.
Incorporation
05 Apr 2013
Palm Tax Solutions Private Limited was registered on 05 Apr 2013 with Roc Mumbai & aged 13 years 7 months as per MCA records.
Frequently asked questions
Palm Tax Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 05 April 2013 (13+ years old) and is registered under CIN U93000MH2013PTC241728.
Palm Tax Solutions has 3 current directors:
- Jayesh Rajnikant Karkhanis - Director
- Jay Ramesh Shah - Director
- Sejal Jay Shah - Director
The latest financial statements of Palm Tax Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Palm Tax Solutions is 27AAHCP1109R1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Palm Tax Solutions is U93000MH2013PTC241728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palm Tax Solutions was incorporated on 05 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Jayesh Rajnikant Karkhanis was appointed as Director on 13 May 2013. Jay Ramesh Shah was appointed as Director on 05 Apr 2013. Sejal Jay Shah was appointed as Director on 05 Apr 2013.
Yes, Palm Tax Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0078560).
Palm Tax Solutions can be reached through the website palmtax.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Palm Tax Solutions is at 231 Praful Jyot Garodia Nagar Vallabhbag Lane Extn Ghatkopar East, Mumbai, Maharashtra, India – 400075.
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