About Panthaora Limited
Data last updated: 17 September 2026
Panthaora Limited is a public limited company based in New Delhi, Delhi, India. It specialises in business and IT consulting, a part of the broader business process outsourcing sector. Incorporated on 01 May 1989, the company has been in operation for over 37 years.
Registered with ROC Delhi under CIN L55101DL1989PLC362504. Listed on BSE: 523712.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹5.79 Cr. Formerly known as Irplast Adhesives India Limited and Panthaora Limited. It is led by directors including Maya Bairagi and Satish Charan Kumar Patne.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: 574 2Nd Floor Main Road Chirag Delhi, New Delhi, Delhi, India – 110017.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹67.5 Lakh, a decline of 25.15% compared to the previous year. The net worth stands at ₹6.13 Cr (down 14.83% YoY). Total assets are valued at ₹7.31 Cr (down 11.84% YoY).
The company has a workforce of approximately 2 employees as per the latest available data.
The company is associated with 2 brands - Jmg Corp, Jmg. As per MCA filings, the company has satisfied charges of ₹2.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jmg-corp.in.
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Registered Address574 2Nd Floor Main Road Chirag Delhi, New Delhi, Delhi, India – 110017
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IndustryBusiness Outsourcing, Business & IT Consulting
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Panthaora Limited
Panthaora Limited has undergone 2 name changes throughout its history. The company was previously known as Irplast Adhesives India Limited, and Panthaora Limited. The current legal name is Panthaora Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Panthaora Limited | Current |
| Irplast Adhesives India Limited | Previous |
CIN History of Panthaora Limited
Panthaora Limited has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L55101DL1989PLC362504, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L55101DL1989PLC362504 | Current |
| L24295HR1989PLC033561 | Previous |
| L31104HR1989PLC033561 | Previous |
| L31104DL1989PLC362504 | Previous |
Associated Brands with Panthaora Limited
Panthaora Limited operates two associated brands: JMG Corp and JMG. These brands represent Panthaora Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Management consulting firm | jmgcorp.in | |
| Founded in 1989, JMG Corporation is based in Delhi, India. | jmg-corp.in |
Business Activity of Panthaora Limited
Panthaora Limited is engaged in principal business activities including trade and professional, scientific and technical, with detailed activities including retail trading, management consultancy activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details for Panthaora Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Panthaora Limited
Panthaora Limited is audited by B S D & CO. (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| B S D & CO. (ICAI peer reviewed, certificate valid till 2028-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Panthaora Limited
Panthaora Limited is currently managed by 6 directors, with 26 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Maya Bairagi
Also directs:
Vratati Creation Private Limited, Merchick Creation Private Limited, Ensoom Fashion Private Limited and 2 more
|
Additional Director | 27 Apr 2026 | 0 Years 4 Months | Current |
| Satish Charan Kumar Patne | Director | 12 Jun 2021 | 5 Years 3 Months | Current |
| Satish Kumar Grover | Director | 30 May 2013 | 13 Years 3 Months | Current |
|
Anil Kumar Vaishnav
Also directs:
Vratati Creation Private Limited, Merchick Creation Private Limited, Ensoom Fashion Private Limited and 2 more
|
Managing Director | 27 Apr 2026 | 0 Years 4 Months | Current |
| Rahul Singh Jadaun | Additional Director | 27 Apr 2026 | 0 Years 4 Months | Current |
| Yashasvi Pareek | Additional Director | 27 Apr 2026 | 0 Years 4 Months | Current |
Financials of Panthaora Limited FY 2026 filings available
Panthaora Limited reported revenue of ₹67.5 Lakh (down 25.15% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹67.5 Lakh | ₹90.18 Lakh | ₹61.54 Lakh | ₹2.24 Cr | ₹6.03 Cr | ₹44.75 Lakh | ₹52.5 Lakh |
| Other Income | ₹5.15 Lakh | ₹23.93 Lakh | ₹24.1 Lakh | ₹28.31 Lakh | ₹30.52 Lakh | ₹40.28 Lakh | ₹52.85 Lakh |
| Total Income | ₹72.65 Lakh | ₹1.14 Cr | ₹85.64 Lakh | ₹2.52 Cr | ₹6.33 Cr | ₹85.03 Lakh | ₹1.05 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹1.71 Cr | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹12,000 | ₹4.6 Lakh | ₹0 | ₹5.88 Cr | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹75.83 Lakh | ₹40.94 Lakh | ₹41.94 Lakh | ₹43.92 Lakh | ₹39.88 Lakh | ₹68.98 Lakh | ₹53.34 Lakh |
| Finance Costs | ₹7.6 Lakh | ₹10.13 Lakh | ₹8.33 Lakh | ₹6.97 Lakh | ₹1.68 Lakh | ₹2,000 | ₹3,000 |
| Depreciation & Amortisation | ₹62,000 | ₹23,000 | ₹27,300 | ₹19,100 | ₹8,000 | ₹19,000 | ₹32,000 |
| Other Expenses | ₹95.53 Lakh | ₹54.24 Lakh | ₹13.73 Lakh | ₹1.91 Cr | ₹1.31 Cr | ₹18.9 Lakh | ₹44.35 Lakh |
| Total Expenses | ₹1.8 Cr | ₹1.06 Cr | ₹68.87 Lakh | ₹4.13 Cr | ₹7.61 Cr | ₹88.09 Lakh | ₹98.04 Lakh |
| Profit Before Exceptional Items & Tax | -₹1.07 Cr | ₹8.45 Lakh | ₹16.78 Lakh | -₹1.61 Cr | -₹1.28 Cr | -₹3.06 Lakh | ₹7.31 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.07 Cr | ₹8.45 Lakh | ₹16.78 Lakh | -₹1.61 Cr | -₹1.28 Cr | -₹3.06 Lakh | ₹7.31 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.41 Lakh |
| Net Profit | -₹1.07 Cr | ₹8.45 Lakh | ₹16.78 Lakh | -₹1.61 Cr | -₹1.28 Cr | -₹3.06 Lakh | ₹5.9 Lakh |
| Other Comprehensive Income | ₹12,000 | ₹6,000 | ₹2,900 | ₹8,200 | -₹2 Lakh | ₹1.7 Lakh | ₹66,000 |
| Total Comprehensive Income | -₹1.07 Cr | ₹8.51 Lakh | ₹16.81 Lakh | -₹1.6 Cr | -₹1.3 Cr | -₹1.36 Lakh | ₹6.56 Lakh |
| EBITDA (computed) | -₹98.71 Lakh | ₹18.81 Lakh | ₹25.38 Lakh | -₹1.53 Cr | -₹1.26 Cr | -₹2.85 Lakh | ₹7.66 Lakh |
| Basic EPS | ₹-0.46 | ₹0.04 | ₹0.07 | ₹-0.69 | ₹-0.56 | ₹-0.01 | ₹0.03 |
| Diluted EPS | ₹-0.46 | ₹0.04 | ₹0.07 | ₹-0.69 | ₹-0.56 | ₹-0.01 | ₹0.03 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹7.31 Cr | ₹8.29 Cr | ₹8.15 Cr | ₹8.47 Cr | ₹10.52 Cr | ₹9.79 Cr | ₹9.52 Cr |
| Non-current Assets | ₹6.75 Cr | ₹6.75 Cr | ₹6.84 Cr | ₹6.6 Cr | ₹5.99 Cr | ₹7.53 Cr | ₹7.91 Cr |
| Current Assets | ₹56.07 Lakh | ₹1.54 Cr | ₹1.3 Cr | ₹1.87 Cr | ₹4.54 Cr | ₹2.26 Cr | ₹1.61 Cr |
| Property, Plant & Equipment | ₹67.55 Lakh | ₹67.92 Lakh | ₹67.31 Lakh | ₹67.78 Lakh | ₹15,000 | ₹22,000 | ₹41,000 |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹1.6 Lakh | ₹52.87 Lakh | ₹59.61 Lakh | ₹92.47 Lakh | ₹1.82 Cr | ₹1.05 Cr | ₹76.37 Lakh |
| Cash & Equivalents | ₹24.81 Lakh | ₹2.86 Lakh | ₹51.68 Lakh | ₹59.81 Lakh | ₹2.47 Cr | ₹1.04 Cr | ₹70.37 Lakh |
| Equity (Net Worth) | ₹6.13 Cr | ₹7.2 Cr | ₹7.11 Cr | ₹7.27 Cr | ₹8.87 Cr | ₹9.1 Cr | ₹9.12 Cr |
| Equity Share Capital | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹4.95 Cr | ₹4.95 Cr |
| Borrowings (Non-current) | ₹21 Lakh | ₹60.26 Lakh | ₹87.01 Lakh | ₹77.24 Lakh | ₹96.2 Lakh | ₹0 | ₹0 |
| Borrowings (Current) | ₹60.43 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹81.43 Lakh | ₹60.26 Lakh | ₹87.01 Lakh | ₹77.24 Lakh | ₹96.2 Lakh | ₹0 | ₹0 |
| Current Liabilities | ₹94.18 Lakh | ₹46.65 Lakh | ₹14.66 Lakh | ₹42.28 Lakh | ₹68.36 Lakh | ₹68.17 Lakh | ₹36.98 Lakh |
| Total Liabilities | ₹1.18 Cr | ₹1.09 Cr | ₹1.03 Cr | ₹1.2 Cr | ₹1.65 Cr | ₹68.45 Lakh | ₹40.22 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | -₹42.15 Lakh | ₹20.38 Lakh | ₹32,000 | -₹1.48 Cr |
| Investing Cash Flow | ₹4.91 Lakh | ₹32.99 Lakh | ₹15.62 Lakh | -₹33.05 Lakh |
| Financing Cash Flow | ₹13.56 Lakh | -₹36.89 Lakh | -₹3.44 Lakh | -₹25.5 Lakh |
| Capital Expenditure | ₹24,000 | ₹85,000 | ₹0 | ₹67.82 Lakh |
| Free Cash Flow (computed) | -₹42.39 Lakh | ₹19.53 Lakh | ₹32,000 | -₹2.16 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹23.68 Lakh | ₹16.48 Lakh | ₹12.49 Lakh | -₹2.07 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12.5 Lakh | ₹21.5 Lakh | ₹11 Lakh | ₹22.5 Lakh | ₹69.97 Lakh | ₹12 Lakh | ₹6.75 Lakh | ₹1.46 Lakh |
| Other Income | ₹3 Lakh | ₹82,000 | ₹54,000 | ₹79,000 | ₹21.73 Lakh | ₹89,000 | ₹51,600 | ₹79,500 |
| Total Income | ₹15.5 Lakh | ₹22.32 Lakh | ₹11.54 Lakh | ₹23.29 Lakh | ₹91.7 Lakh | ₹12.89 Lakh | ₹7.27 Lakh | ₹2.25 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹12,200 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹17.51 Lakh | ₹17.72 Lakh | ₹18.6 Lakh | ₹22 Lakh | ₹9.12 Lakh | ₹13.31 Lakh | ₹8.96 Lakh | ₹9.55 Lakh |
| Finance Costs | ₹1.61 Lakh | ₹1.18 Lakh | ₹1.97 Lakh | ₹2.84 Lakh | ₹3.6 Lakh | ₹2.39 Lakh | ₹2.33 Lakh | ₹1.81 Lakh |
| Depreciation & Amortisation | ₹16,000 | ₹15,000 | ₹19,000 | ₹12,000 | ₹14,000 | ₹3,000 | ₹3,400 | ₹2,700 |
| Other Expenses | ₹20.62 Lakh | ₹11.94 Lakh | ₹28.62 Lakh | ₹34.38 Lakh | ₹18.99 Lakh | ₹15.9 Lakh | ₹9.96 Lakh | ₹9.41 Lakh |
| Total Expenses | ₹39.9 Lakh | ₹30.99 Lakh | ₹49.38 Lakh | ₹59.34 Lakh | ₹31.85 Lakh | ₹31.63 Lakh | ₹21.28 Lakh | ₹20.91 Lakh |
| Profit Before Exceptional Items & Tax | -₹24.4 Lakh | -₹8.67 Lakh | -₹37.84 Lakh | -₹36.05 Lakh | ₹59.85 Lakh | -₹18.74 Lakh | -₹14.01 Lakh | -₹18.66 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹24.4 Lakh | -₹8.67 Lakh | -₹37.84 Lakh | -₹36.05 Lakh | ₹59.85 Lakh | -₹18.74 Lakh | -₹14.01 Lakh | -₹18.66 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹24.4 Lakh | -₹8.67 Lakh | -₹37.84 Lakh | -₹36.05 Lakh | ₹59.85 Lakh | -₹18.74 Lakh | -₹14.01 Lakh | -₹18.66 Lakh |
| Other Comprehensive Income | ₹13,000 | ₹0 | ₹0 | ₹0 | ₹6,000 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹24.27 Lakh | -₹8.67 Lakh | -₹37.84 Lakh | -₹36.05 Lakh | ₹59.91 Lakh | -₹18.74 Lakh | -₹14.01 Lakh | -₹18.66 Lakh |
| EBITDA (computed) | -₹22.63 Lakh | -₹7.34 Lakh | -₹35.68 Lakh | -₹33.09 Lakh | ₹63.59 Lakh | -₹16.32 Lakh | -₹11.65 Lakh | -₹16.83 Lakh |
| Basic EPS | ₹-0.10 | ₹-0.04 | ₹-0.16 | ₹-0.16 | ₹0.26 | ₹-0.08 | ₹-0.06 | ₹-0.08 |
| Diluted EPS | ₹-0.10 | ₹-0.04 | ₹-0.16 | ₹-0.16 | ₹0.26 | ₹-0.08 | ₹-0.60 | ₹-0.08 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Professional income | ₹12.5 Lakh | -₹25.65 Lakh | ₹0 | ₹0 |
| Trading income | ₹0 | ₹0 | ₹0 | ₹0 |
| Uncollected income | ₹3 Lakh | ₹3 Lakh | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Professional income | ₹67.5 Lakh | -₹1.04 Cr | - | - |
| Trading income | ₹0 | ₹0 | - | - |
| Uncollected income | ₹5.15 Lakh | ₹5.15 Lakh | - | - |
Shareholding Pattern of Panthaora Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 0.00%, retail and other public shareholders hold 100.00% of Panthaora Limited. The company had 12,704 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 36.62% | 36.62% | 36.62% | 36.62% |
| Public | 100.00% | 100.00% | 63.38% | 63.38% | 63.38% | 63.38% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 0.00% | 36.62% | 36.62% |
| Public | 100.00% | 63.38% | 63.38% |
| Promoter change (YoY, %pts) | -36.62 | +0.00 | - |
Charges & Borrowings of Panthaora Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jun 2017 | Indian Bank | ₹1 Cr | Satisfied |
| 27 Jul 2009 | Indina Bank | ₹75 Lakh | Satisfied |
| 23 Nov 2005 | Syndicate Bank | ₹50 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Panthaora Limited
Panthaora Limited has a workforce of 2 employees as of Apr 08, 2024.
Employee and EPFO history for Panthaora Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Panthaora Limited
GST registrations and filing compliance for Panthaora Limited
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Credit Ratings, Litigation & Regulatory Alerts for Panthaora Limited
Credit ratings, litigation, and regulatory alerts for Panthaora Limited
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MSME Payment Delays by Panthaora Limited
MSME payment history for Panthaora Limited
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Subsidiaries & Group Companies of Panthaora Limited
Corporate group structure for Panthaora Limited
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MCA Filings & Documents of Panthaora Limited
MCA filings and documents for Panthaora Limited
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Recent Activity on Panthaora Limited
Frequently Asked Questions about Panthaora Limited
Panthaora Limited is an active public limited company in the business outsourcing sector based in New Delhi, Delhi, India. It was incorporated on 01 May 1989 (37+ years old) and is registered under CIN L55101DL1989PLC362504. Listed on BSE: 523712. The company has 2 employees.
Panthaora Limited reported revenue of ₹67.5 Lakh for FY 2026 (down 25.15% YoY) based on standalone BSE filings.
The current directors of Panthaora Limited are:
- Maya Bairagi - Additional Director
- Satish Charan Kumar Patne - Director
- Satish Kumar Grover - Director
- Anil Kumar Vaishnav - Managing Director
- Rahul Singh Jadaun - Additional Director
- Yashasvi Pareek - Additional Director
The primary industry of Panthaora Limited is business outsourcing. The company specifically operates in business and IT consulting. The company is currently active in this sector.
Yes. Panthaora Limited is listed on BSE with code 523712.
Panthaora Limited can be reached at the registered office: 574 2Nd Floor Main Road Chirag Delhi, New Delhi, Delhi, India – 110017, or through the website jmg-corp.in.