About Eco Pallet Private Limited
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Eco Pallet Private Limited is a private limited company based in Doddaballapura, Karnataka, India, a subsidiary of M/S The Accend Group Holdings, Inc. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 09 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25200KA2015PTC079758. Its GSTIN is 29AADCE9273D1ZG (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.56 Cr. It is led by directors including Priya Prakash (Managing Director) and Michael Bruce Mabey.
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 Plot No.1 KIADB Industrial Area Doddaballapura Bashettyhalli Village Kasaba Hobli, Karnataka, India – 561203.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.3 Cr, a growth of 138% compared to the previous year. For the same year it recorded a net loss of ₹11.16 Cr (net margin -120.1%) and EBITDA of -₹11.12 Cr (EBITDA margin -119.6%). Revenue has grown at a compounded annual rate (CAGR) of 286% over three years and 95% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Eco Pallet. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.4 Cr; the latest was in January 2022. The company has 4 MSME Form 1 returns on record for the period ending Sep 2022, listing 4 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecopallet.com.
Company details
Contact details
Eco Pallet Private Limited's registered office is in Doddaballapura, Karnataka. Its website is ecopallet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.1 KIADB Industrial Area Doddaballapura Bashettyhalli Village Kasaba Hobli, Karnataka, India – 561203
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Eco Pallet Private Limited, buy the company report.
- 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
Brands
Eco Pallet operates one associated brand: ECO PALLET. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of pallets and services | ecopallet.com |
Business activity
The main business activity of Eco Pallet is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Eco Pallet Private Limited, buy the company report.
Financials of Eco Pallet Private Limited
FY 2024 filings availableEco Pallet Private Limited reported revenue of ₹9.3 Cr (up 138% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 95% over five years, including 138% growth in the latest year. EBITDA fell 20% 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 | -₹11.12 Cr | ||||
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| Net Profit (PAT) | -₹11.16 Cr | ||||
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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 | -119.6% | ||||
| Net Profit Margin | -120.1% | ||||
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To see the full financial statements and ratios of Eco Pallet Private Limited, buy the company report.
Board of directors of Eco Pallet Private Limited
Eco Pallet 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 |
|---|---|---|---|---|
| Michael Bruce Mabey | Director | 28 Mar 2018 | 8 Years 6 Months | Current |
| Cameron Read Hellewell | Director | 08 May 2023 | 3 Years 5 Months | Current |
| Priya Prakash Also directs: Amazing Indian Story Private Limited | Managing Director | 09 Apr 2015 | 11 Years 6 Months | Current |
| Bruce Jonathan Mabey Also directs: Pro Pallet World Private Limited | Director | 01 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Eco Pallet Private Limited is audited by R S S N & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S S N & Associates | FY 2023 | 015600S |
Shareholding
The shareholding of Eco Pallet Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eco Pallet Private Limited, buy the company report.
Deals & funding
Eco Pallet Private Limited has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.4 Cr; the latest was in January 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Rights issue | ₹14.71 Cr | Investors: The Accend Group Holdings Inc |
| Jul 2020 | Rights issue | ₹11.21 Cr | Investors: The Accend Group Holdings Inc |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: The Accend Group Holdings Inc Seller: an individual |
| Oct 2018 | Rights issue | ₹5.31 Cr | Investors: The Accend Group Holdings Inc |
| Apr 2017 | Rights issue | ₹3.63 Cr | Investors: The Accend Group Holdings Inc |
To see the full deal history of Eco Pallet Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Eco Pallet Private Limited has 3 court cases on record: 3 filed by Eco Pallet. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 2 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Stacus Solution Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Stacus Solution Pvt Ltd | Disposed |
To see the full case history of Eco Pallet Private Limited, buy the company report.
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.
MSME payment delays
Eco Pallet Private Limited has 4 MSME Form 1 returns on record for the period ending Sep 2022, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| H.T.Industries | |||
| an individual supplier |
To see the full MSME payment records of Eco Pallet Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Eco Pallet Private Limited has a workforce of 69 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Eco Pallet has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE9273D1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eco Pallet Private Limited, buy the company report.
Recent activity
Eco Pallet Private Limited has 8 board changes on record since 2015: 4 appointments and 4 cessations. The latest: Cameron Read Hellewell ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Eco Pallet is an active private limited company based in Doddaballapura, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 09 April 2015 (11+ years old) and is registered under CIN U25200KA2015PTC079758.
Eco Pallet has 4 current directors:
- Priya Prakash - Managing Director
- Michael Bruce Mabey - Director
- Cameron Read Hellewell - Director
- Bruce Jonathan Mabey - Director
The latest financial statements of Eco Pallet on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Eco Pallet is 29AADCE9273D1ZG, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Eco Pallet is U25200KA2015PTC079758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eco Pallet has 3 court cases on record: 3 filed by the company. 2 are pending.
Eco Pallet was incorporated on 09 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Eco Pallet has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.4 Cr; the latest was in January 2022.
Cameron Read Hellewell ceased to be Additional Director on 29 Sep 2023. Cameron Read Hellewell was appointed as Director on 08 May 2023. Bruce Jonathan Mabey was appointed as Director on 01 Mar 2022. Eco Pallet has 8 board changes on record in total.
Eco Pallet has 4 MSME Form 1 returns on record for the period ending Sep 2022, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 22 Sep 2023.
Eco Pallet can be reached through the website ecopallet.com. Its registered office is in Doddaballapura, Karnataka, India.