About Madurai Silver Palace Private Limited
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Madurai Silver Palace Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 26 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52393TN2012PTC086510. Its GSTIN is 33AAICM0030D1Z9 (Tamil Nadu).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹55.5 Lakh. It was formerly known as Madurai Silver Centre Private Limited. It is led by directors Janakiraman Ayothiraman (Managing Director) and Janaki Raman Renganayagi.
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 Ayothiram Complex 1st Floor 9 Meenakshi Kovil Street, Madurai, Tamil Nadu, India – 625001.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.12 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹39.75 Lakh (net margin 3.9%) and EBITDA of ₹91.81 Lakh (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 89% over three years and 561% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 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 silverpalace.co.
Company details
Contact details
Madurai Silver Palace Private Limited's registered office is in Madurai, Tamil Nadu. Its website is silverpalace.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAyothiram Complex 1st Floor 9 Meenakshi Kovil Street, Madurai, Tamil Nadu, India – 625001
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Madurai Silver Palace 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
Business activity
The main business activity of Madurai Silver Palace is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Madurai Silver Palace Private Limited, buy the company report.
Financials of Madurai Silver Palace Private Limited
FY 2024 filings availableMadurai Silver Palace Private Limited reported revenue of ₹10.12 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 561% over five years, including 9% growth in the latest year. EBITDA fell 77% 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 | ₹91.81 Lakh | ||||
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| Net Profit (PAT) | ₹39.75 Lakh | ||||
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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 | 9.1% | ||||
| Net Profit Margin | 3.9% | ||||
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To see the full financial statements and ratios of Madurai Silver Palace Private Limited, buy the company report.
Board of directors of Madurai Silver Palace Private Limited
Madurai Silver Palace has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janaki Raman Renganayagi Also directs: Silvorn LLP, Srinidhi Consultancy Private Limited | Director | 15 Feb 2015 | 11 Years 8 Months | Current |
| Janakiraman Ayothiraman | Managing Director | 15 Feb 2015 | 11 Years 8 Months | Current |
Auditor
Madurai Silver Palace Private Limited is audited by R SUNDARAM & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R SUNDARAM & ASSOCIATES | FY 2023 | 011806S |
Shareholding
The shareholding of Madurai Silver Palace 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madurai Silver Palace Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2023 | 100728108 | Axis Bank Limited | ₹6 Cr | Open |
To see the full charge records of Madurai Silver Palace Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Madurai Silver Palace Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madurai Silver Palace Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Madurai Silver Palace Private Limited has a workforce of 16 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Madurai Silver Palace has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICM0030D1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madurai Silver Palace Private Limited, buy the company report.
Recent activity
Madurai Silver Palace Private Limited has 11 board changes on record since 2013: 2 appointments and 9 cessations. The latest: Janakiraman Ayothiraman ceased to be Director on 04 May 2015.
4 earlier events are in the company report.
Frequently asked questions
Madurai Silver Palace is an active private limited company based in Madurai, Tamil Nadu, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 26 June 2012 (14+ years old) and is registered under CIN U52393TN2012PTC086510.
Madurai Silver Palace has 2 current directors:
- Janakiraman Ayothiraman - Managing Director
- Janaki Raman Renganayagi - Director
The latest financial statements of Madurai Silver Palace 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 2015 are in the company report.
The GSTIN of Madurai Silver Palace is 33AAICM0030D1Z9, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Madurai Silver Palace is U52393TN2012PTC086510. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madurai Silver Palace was incorporated on 26 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
Janakiraman Ayothiraman ceased to be Director on 04 May 2015. Balasubramanian Arunkumar ceased to be Director on 02 May 2015. Balasubramanian Varadarajan ceased to be Director on 02 May 2015. Madurai Silver Palace has 11 board changes on record in total.
Madurai Silver Palace can be reached through the website silverpalace.co. Its registered office is in Madurai, Tamil Nadu, India.
The registered office of Madurai Silver Palace is at Ayothiram Complex 1st Floor 9 Meenakshi Kovil Street, Madurai, Tamil Nadu, India – 625001.
Madurai Silver Palace operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
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