Palma Chits Limited
About Palma Chits Limited
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Palma Chits Limited is a public limited company based in Kanjiracode, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2016PLC112095.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80.24 Lakh. It is led by directors including Rajayan Jothivimalabai (Managing Director) and Dennis Thasian.
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 14 – 26/1 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.06 Lakh, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.67 Lakh (net margin 1.8%) and EBITDA of ₹9.14 Lakh (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 18% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address14 – 26/1 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155
- IndustryFinancial Services, Financial Activities
- 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 Palma Chits Limited
The main business activity of Palma Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Palma Chits Limited FY 2025 filings available
Palma Chits Limited reported revenue of ₹94.06 Lakh (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Palma Chits Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 17% growth in the latest year. EBITDA fell 28% 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 Palma Chits 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 | ₹9.14 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.67 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 Palma Chits Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.8% | •••• | •••• | •••• | •••• |
| 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 Palma Chits are in the company report.
Financial statements from FY 2017
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 Palma Chits Limited
Palma Chits has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dennis Thasian | Director | 10 Jan 2020 | 6 Years 9 Months | Current |
| Thangammal Kumaran Nadar Chellan | Director | 22 Aug 2016 | 10 Years 1 Months | Current |
| Rajayan Jothivimalabai | Managing Director | 10 Jul 2017 | 9 Years 3 Months | Current |
| Jason Sylus Nirmal Petrow Also directs: Palma Rural Merchandise Private Limited | Director | 10 Jul 2017 | 9 Years 3 Months | Current |
Peer Comparison of Palma Chits Limited
Palma Chits Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mostly Momentum Investments Private Limited | ₹94.33 Lakh (FY 2025) | •••• | •••• | 238.0% | •••• | Aurangabad, Maharashtra, India |
| CKM Chits India Private Limited | ₹94.29 Lakh (FY 2024) | •••• | •••• | 1801.0% | •••• | Dharmapuri, Tamil Nadu, India |
| Carnival Fintech Private Limited | ₹94.22 Lakh (FY 2022) | •••• | •••• | •••• | Patna, Bihar, India | |
| Ellora Intermediaries Private Limited | ₹94.17 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Altfort Projects Private Limited | ₹94.16 Lakh (FY 2024) | •••• | •••• | -46.0% | •••• | Kolkata, West Bengal, India |
| Palma Chits Limited this company | ₹94.06 Lakh (FY 2025) | •••• | •••• | 17.0% | •••• | Kanjiracode, Tamil Nadu, India |
| Gandharva Financial Services Private Limited | ₹94.03 Lakh (FY 2025) | •••• | •••• | -11.0% | •••• | Hyderabad, Telangana, India |
| Verapoly Navadarsan Education Nidhi Limited | ₹93.98 Lakh (FY 2024) | •••• | •••• | 34.0% | •••• | Ernakulam, Kerala, India |
| Raja Devi Investment and Trading Co Pvt Ltd | ₹93.97 Lakh (FY 2024) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| NT Holdings Private Limited | ₹93.94 Lakh (FY 2024) | •••• | •••• | 213.0% | •••• | Bangalore, Karnataka, India |
| Shri Ezhumalaiyan Nidhi Limited | ₹93.92 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Guduvancheri, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Palma Chits by revenue in the same principal business activity (Other financial activities), 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 Palma Chits Limited
Palma Chits Limited is audited by AROCKIASAMY & RAJ for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AROCKIASAMY & RAJ | 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 Palma Chits 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 Palma Chits Limited
Palma Chits Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Palma Chits Limited
Employment history and EPFO contributions of people linked to Palma Chits.
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 Palma Chits Limited
Palma Chits Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Rajayan Jothivimalabai ceased to be Director on 10 Jul 2021.
Credit Ratings, Litigation & Regulatory Alerts for Palma Chits 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 Palma Chits 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 Palma Chits 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 Palma Chits 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 Palma Chits 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 Palma Chits Limited
Palma Chits is an active public limited company based in Kanjiracode, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 August 2016 (10+ years old) and is registered under CIN U65999TN2016PLC112095.
Palma Chits reported revenue of ₹94.06 Lakh for FY 2025 (up 17% YoY).
Palma Chits has 4 current directors:
- Rajayan Jothivimalabai - Managing Director
- Dennis Thasian - Director
- Thangammal Kumaran Nadar Chellan - Director
- Jason Sylus Nirmal Petrow - Director
Palma Chits reported a net profit of ₹1.67 Lakh (net margin 1.8%) and EBITDA of ₹9.14 Lakh (EBITDA margin 9.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palma Chits is 14% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Palma Chits is U65999TN2016PLC112095. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palma Chits was incorporated on 22 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Palma Chits by revenue are Mostly Momentum Investments Private Limited, CKM Chits India Private Limited, Carnival Fintech Private Limited, Ellora Intermediaries Private Limited, Altfort Projects Private Limited and 5 more, all in the same principal business activity (Other financial activities).
Rajayan Jothivimalabai ceased to be Director on 10 Jul 2021. Tharmalingam Sivakumar ceased to be Director on 07 Dec 2020. Dennis Thasian was appointed as Director on 10 Jan 2020. Palma Chits has 8 board changes on record in total.
The registered office of Palma Chits is at 14 – 261 Palmalayam Chengai Kanjiracode P.O. Marthandam Kanyakumari District, Tamil Nadu, India – 629155.
Palma Chits has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80.24 Lakh.