About Palace Toyota
Palace Toyota is a Transportation, Automotive & Logistics company based in Mysore (India) founded in 2009. It operates as an authorized dealership for Toyota passenger vehicles. It operates on a B2C model. The company has 187 employees. Its Indian entity Balaji Auto Enterprises (Mysore) Private Limited reported revenue of ₹239 Cr. Its focus areas include Automotive, Dealership, Vehicle Sales and Toyota Passenger Vehicles. Similar companies include Kalyani Motors, Varun Motors and Advaith Motors.
Company details
Palace Toyota operates as an authorized dealership for toyota passenger vehicles, focusing on dealing with automotive parts, dealership, vehicle sales, and toyota passenger vehicles. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Mysore, India
- Employees 187
- SectorsTransportation, Automotive & Logistics
- Website palacetoyota.com
- Legal Name Balaji Auto Enterprises (Mysore) Private Limited
- Date of Incorporation 27 Nov, 2009
- Jurisdiction Mysore, Karnataka, India
- Annual Revenue₹239 Cr
FY 2024 · +50% YoY
- Net Profit₹3.96 Cr
FY 2024 · 2% margin
- EBITDA₹8.79 Cr
FY 2024 · 4% margin
- Employee Count187
Associated legal entities of Palace Toyota
Palace Toyota operates through Balaji Auto Enterprises (Mysore) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Balaji Auto Enterprises (Mysore) Private Limited CIN U50100KA2009PTC051651 | Active | 27 Nov 2009 | Mysore, Karnataka | ₹239 Cr | 187 | 5 | View details |
Board of directors of Balaji Auto Enterprises (Mysore) Private Limited (Palace Toyota)
Balaji Auto Enterprises (Mysore) Private Limited is the primary company behind Palace Toyota. The board of Balaji Auto Enterprises (Mysore) Private Limited currently have 5 directors; the longest-serving is Pallikondan Krishnamurthy Sreenivasan, appointed in 2009.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pallikondan Krishnamurthy Sreenivasan DIN 01081408 | Director | 27 Nov 2009 | 16 yrs 10 mo | Balaji Auto Enterprises (Mysore) Private Limited |
| Palanikondan Krishnamurthy Sridhar DIN 01081557 | Director | 27 Nov 2009 | 16 yrs 10 mo | Balaji Auto Enterprises (Mysore) Private Limited |
| Rangaswamychettiar Krishnamurthy Pallikondan DIN 01081521 | Director | 27 Nov 2009 | 16 yrs 10 mo | Balaji Auto Enterprises (Mysore) Private Limited |
| Pallikondan Krishnamurthy Suresh DIN 01293890 | Director | 31 Dec 2011 | 14 yrs 9 mo | Balaji Auto Enterprises (Mysore) Private Limited |
| Krishnamurthy Vijaya DIN 07780580 | Director | 04 Apr 2016 | 10 yrs 6 mo | Balaji Auto Enterprises (Mysore) Private Limited |
Financials of Palace Toyota
Figures of Balaji Auto Enterprises (Mysore) Private Limited, the primary company behind Palace Toyota, for FY 2024. Revenue was ₹239 Cr (+50% year on year). Net profit was ₹3.96 Cr (2% margin). EBITDA was ₹8.79 Cr (4% margin). Revenue has grown at a compounded annual rate of +38% over three years and +16% over five years.
- ₹239 CrRevenue · FY 2024 · +50% YoY
- ₹3.96 CrNet profit · 2% margin
- ₹8.79 CrEBITDA · 4% margin
- ₹10 LakhPaid-up capital
- 187Employees (provident fund records)
- +38%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Balaji Auto Enterprises (Mysore) Private Limited are on its company page.
Detailed financial statements for Palace Toyota
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Similar companies to Palace Toyota
Palace Toyota has 3 listed similar companies in our database. They include Kalyani Motors, Varun Motors and Advaith Motors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kalyanimotors.com | 2006 | Bengaluru, India | 1,317 | A car dealership that simplifies the buying process with comprehensive information. | ||
| arenaofnanakramguda.com | 1996 | Hyderabad, India | 1,750 | Authorized dealership selling Maruti Suzuki cars and providing finance, insurance, and servicing. | ||
| advaithhyundai.com | 1998 | Bengaluru, India | 2,893 | Operates Hyundai showrooms, service centers, and used car sales in Karnataka. |
Detailed similar companies of Palace Toyota
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Frequently Asked Questions about Palace Toyota
Palace Toyota was founded in 2009.
Palace Toyota is headquartered in Mysore, India. It is registered at Mysore, Karnataka, India.
Palace Toyota has 187 employees.
The primary company behind Palace Toyota, Balaji Auto Enterprises (Mysore) Private Limited, reported revenue of ₹239 Cr for FY 2024, up 50% year on year.
Palace Toyota operates as an authorized dealership for toyota passenger vehicles, focusing on dealing with automotive parts, dealership, vehicle sales, and toyota passenger vehicles. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Palace Toyota's top competitors include Advaith Motors, Kalyani Motors and Varun Motors.
Palace Toyota operates through Balaji Auto Enterprises (Mysore) Private Limited.
The legal entities of Palace Toyota currently have 5 directors, including Krishnamurthy Vijaya, Pallikondan Krishnamurthy Sreenivasan, Palanikondan Krishnamurthy Sridhar and others.