Palsmith Advisors Private Limited
About Palsmith Advisors Private Limited
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Palsmith Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 12 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH2005PTC155990. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It was formerly known as Palsmith Investment Advisory Services Private Limited. It is led by directors Paras Hansrajbhai Desai and Agnelo Fernandes.
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 702 7th Floor Shah Trade Center Rani Sati Marg Malad (East), Mumbai, Maharashtra, India – 400097.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.25 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹17.25 Lakh (net margin 13.8%) and EBITDA of ₹66.87 Lakh (EBITDA margin 53.3%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address702 7th Floor Shah Trade Center Rani Sati Marg Malad (East), Mumbai, Maharashtra, India – 400097
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
Financials of Palsmith Advisors Private Limited FY 2024 filings available
Palsmith Advisors Private Limited reported revenue of ₹1.25 Cr (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Palsmith Advisors Private Limited
Revenue fell 40% in the latest year. EBITDA rose 91% 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 Palsmith Advisors 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 | ₹66.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.25 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 Palsmith Advisors Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.8% | •••• | •••• | •••• | •••• |
| 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 Palsmith Advisors 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 Palsmith Advisors Private Limited
Palsmith Advisors has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Agnelo Fernandes | Additional Director | 11 Dec 2025 | 0 Years 10 Months | Current |
| Paras Hansrajbhai Desai Also directs: B-Right Realestate Ventures LLP, BRV Leasing Andheri LLP, B-Right Ny Esquare LLP and 5 more | Director | 11 Mar 2020 | 6 Years 7 Months | Current |
Peer Comparison of Palsmith Advisors Private Limited
Palsmith Advisors Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting 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 |
|---|---|---|---|---|---|---|
| CDM Smith India Private Limited | ₹1.26 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Bangalore, Karnataka, India |
| RDP Hvac Solutions Private Limited | ₹1.26 Cr (FY 2016) | •••• | •••• | 16.0% | •••• | Jaipur, Rajasthan, India |
| Rai & Rai Ventures Private Limited | ₹1.26 Cr (FY 2025) | •••• | •••• | 219573.0% | •••• | New Delhi, Delhi, India |
| Eterna Legacy Advisors Private Limited | ₹1.25 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
| Koreiot Solutions Private Limited | ₹1.25 Cr (FY 2024) | •••• | •••• | -47.0% | •••• | Vadodara, Gujarat, India |
| Palsmith Advisors Private Limited this company | ₹1.25 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Mumbai, Maharashtra, India |
| Digivolution Consultancy Private Limited | ₹1.25 Cr (FY 2021) | •••• | •••• | 56.0% | •••• | Thane, Maharashtra, India |
| Leap Edtech Learning Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Opulus Bizserve Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Longrange Management Services Private Limited | ₹1.25 Cr (FY 2021) | •••• | •••• | -8.0% | •••• | Kolkata, West Bengal, India |
| Marusha Electroserv Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Palsmith Advisors by revenue in the Outsourcing industry (Consulting 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 Palsmith Advisors Private Limited
Palsmith Advisors Private Limited is audited by Vipul Gharpure for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vipul Gharpure | 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 Palsmith Advisors 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 Palsmith Advisors Private Limited
Palsmith Advisors Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Palsmith Advisors Private Limited
Employment history and EPFO contributions of people linked to Palsmith Advisors.
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 Palsmith Advisors Private Limited
Palsmith Advisors Private Limited has 12 board changes on record since 2014: 2 appointments and 10 cessations. The latest: Agnelo Fernandes was appointed as Additional Director on 11 Dec 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Palsmith Advisors 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 Palsmith Advisors 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 Palsmith Advisors 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 Palsmith Advisors Private Limited
Palsmith Advisors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Palsmith Advisors 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 Palsmith Advisors Private Limited
Palsmith Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 12 September 2005 (21+ years old) and is registered under CIN U67120MH2005PTC155990.
Palsmith Advisors reported revenue of ₹1.25 Cr for FY 2025 (down 40% YoY).
Palsmith Advisors has 2 current directors:
- Agnelo Fernandes - Additional Director
- Paras Hansrajbhai Desai - Director
Palsmith Advisors reported a net profit of ₹17.25 Lakh (net margin 13.8%) and EBITDA of ₹66.87 Lakh (EBITDA margin 53.3%) for FY 2025, as per its filed financial statements.
No. Palsmith Advisors has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Palsmith Advisors is U67120MH2005PTC155990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palsmith Advisors was incorporated on 12 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Palsmith Advisors by revenue are CDM Smith India Private Limited, RDP Hvac Solutions Private Limited, Rai & Rai Ventures Private Limited, Eterna Legacy Advisors Private Limited, Koreiot Solutions Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Agnelo Fernandes was appointed as Additional Director on 11 Dec 2025. Shreyansh Chandrakant Shah ceased to be Director on 03 Apr 2023. Lalit Durgeshbhai Kumawat ceased to be Director on 27 Jan 2022. Palsmith Advisors has 12 board changes on record in total.
The registered office of Palsmith Advisors is at 702 7th Floor Shah Trade Center Rani Sati Marg Malad East, Mumbai, Maharashtra, India – 400097.
Palsmith Advisors has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh.