MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-03-0003779
Pal Movers Private Limited - automotive in Khurda, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹92.15 Cr
▲ 12% YoY
Net profit · FY 2024
₹60.59 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹1.57 Cr
EBITDA margin 1.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹33.41 Lakh
Issued & subscribed
Open charges
₹11.5 Cr
Satisfied ₹8.35 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
44
Provident fund records
About Pal Movers Private Limited
Data last updated:
Pal Movers Private Limited is a private limited company based in Khurda, Odisha, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 16 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U34102OR2004PTC007569. Its GSTIN is 21AADCP5114C1Z7 (Odisha).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹33.41 Lakh. It is led by directors including Harman Pal Singh (Managing Director) and Inderjeet Kaur.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 96 Cuttack Roadbhubaneswar, Khurda, Odisha, India – 751006.
As per the financials filed for FY 2024, the company reported a revenue of ₹92.15 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹60.59 Lakh (net margin 0.7%) and EBITDA of ₹1.57 Cr (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pal Movers. As per MCA filings, the company has open charges of ₹11.5 Cr and satisfied charges of ₹8.35 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 5 cases are pending.
Pal Movers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-03-0003779). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palgroupindia.com.
Company details
CIN U34102OR2004PTC007569
Registration Number 007569
Incorporation Date 16 April 2004
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-03-0003779
Recognitions & Rankings of Pal Movers
Contact details
Pal Movers Private Limited's registered office is in Khurda, Odisha. Its website is palgroupindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address96 Cuttack Roadbhubaneswar, Khurda, Odisha, India – 751006
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Pal Movers Private Limited, buy the company report.
Comprehensive company report
Pal Movers Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Pal Movers operates one associated brand: Pal Movers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality automotive parts. | palgroupindia.com |
Business activity
The main business activity of Pal Movers 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 Pal Movers Private Limited, buy the company report.
Financials of Pal Movers Private Limited
FY 2025 filings availablePal Movers Private Limited reported revenue of ₹92.15 Cr (up 12% YoY) for FY 2024.
Revenue · FY 2024
₹92.15 Cr ▲ 12%
Net profit · FY 2024
₹60.59 Lakh margin 0.7%
EBITDA · FY 2024
₹1.57 Cr margin 1.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 13%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 10%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 12% growth in the latest year. EBITDA rose 26% 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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| Total Expenses | |||||
| EBITDA | ₹1.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹60.59 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Pal Movers Private Limited, buy the company report.
Board of directors of Pal Movers Private Limited
Pal Movers has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harman Pal Singh Also directs: Pal Automotives Private Limited, Palmotor Ways Private Limited, Pal Lifeware Private Limited and 1 more | Managing Director | 16 Apr 2004 | 22 Years 6 Months | Current |
| Inderjeet Kaur | Director | 16 Apr 2004 | 22 Years 6 Months | Current |
| Haneet Kaur Also directs: Pal Automotives Private Limited, Palmotor Ways Private Limited | Director | 16 Apr 2004 | 22 Years 6 Months | Current |
| Satpal Singh Also directs: Pal Automotives Private Limited, Palmotor Ways Private Limited, Pal Lifeware Private Limited and 1 more | Director | 16 Apr 2004 | 22 Years 6 Months | Current |
Peer comparison
Pal Movers Private Limited is compared with the 8 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prime Car Private Limited | ₹92.4 Cr (FY 2016) | 39.0% | Indore, Madhya Pradesh, India | |||
| Shuban HCMR Motors Private Limited | ₹92.23 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| VFM Motors Private Limited | ₹92.18 Cr (FY 2024) | 21.0% | Bangalore, Karnataka, India | |||
| Pal Movers Private Limitedthis company | ₹92.15 Cr (FY 2024) | ₹60.59 Lakh | 0.7% | 12.0% | 44 | Khurda, Odisha, India |
| Kaysons Automotive Pvt Ltd | ₹92.09 Cr (FY 2025) | -1.0% | West Bengal, India | |||
| Amit Autocars Private Limited | ₹92.07 Cr (FY 2025) | -6.0% | Haldwani, Uttarakhand, India | |||
| Rajkrishna Aditya Auto Store Private Limited | ₹92.07 Cr (FY 2024) | 14.0% | Coimbatore, Tamil Nadu, India | |||
| Jai Ganesh Autocare Private Limited | ₹92.04 Cr (FY 2025) | 3.0% | Ta Rajkot, Gujarat, India | |||
| Sri Sri Sri Auto Cars India Private Limited | ₹92.04 Cr (FY 2018) | -40.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Pal Movers Private Limited, buy the company report.
Auditor
Pal Movers Private Limited is audited by R GOPAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R GOPAL & ASSOCIATES | FY 2023 | 000846C |
Shareholding
The shareholding of Pal Movers 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 Pal Movers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.5 Cr
Satisfied charges
₹8.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2024 | 101025589 | Others | ₹3 Cr | Open | |
| 25 Mar 2022 | 100550687 | Others | ₹2 Cr | Open | |
| 28 Feb 2020 | 100333790 | Axis Bank Limited | ₹6.5 Cr | Open | |
| 20 Apr 2013 | 10425703 | State Bank of India | ₹6 Cr | Satisfied | |
| 11 Sep 2007 | 10071116 | Bank of India | ₹1.5 Cr | Satisfied |
To see the full charge records of Pal Movers Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Pal Movers Private Limited has 10 court cases on record: 4 filed by Pal Movers, 6 filed against it. 5 cases are pending and 5 are disposed.
Total cases
10
Filed by the company
4
Filed against the company
6
Pending
5
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 5 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Court case (MACA) | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against State of Orissa and 2 others | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against State Transport Authority and 2 others | Pending |
| High Court, ORISSA | Writ petition | Filed against the company by an individual | Disposed |
| District court, Bhadrak, Odisha | Court case (2.c(c.c.)) | Filed against the company by State | Disposed |
To see the full case history of Pal Movers 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
No delayed payments to MSME suppliers are on our record for Pal Movers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pal Movers Private Limited has a workforce of 44 employees on its EPFO records as of Apr 02, 2024, across 2 active EPFO establishments.
Employee count
44
Active EPFO establishments
2
Employee growth
-2.22%
GST
Pal Movers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCP5114C1Z7 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pal Movers Private Limited, buy the company report.
Recent activity
Pal Movers Private Limited has 5 board changes on record since 2004: 4 appointments and 1 cessation. The latest: Gagan Pal Singh ceased to be Director on 01 Apr 2007.
AGM
Pal Movers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Pal Movers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 101025589 was registered on 30 Dec 2024.
Charges
A charge registered on 11 Sep 2007 via Charge ID 10071116 with Bank Of India was fully satisfied on 15 Nov 2022.
Charges
A charge registered on 20 Apr 2013 via Charge ID 10425703 with State Bank Of India was fully satisfied on 14 Nov 2022.
Charges
A charge with Axis Bank Limited of Rs. 650.00 Lakh registered on 28 Feb 2020 with Charge ID 100333790 was modified on 28 Mar 2022.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100550687 was registered on 25 Mar 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 650.00 Lakh with Charge ID 100333790 was registered on 28 Feb 2020.
Charges
A charge with State Bank Of India of Rs. 600.00 Lakh registered on 20 Apr 2013 with Charge ID 10425703 was modified on 29 Sep 2018.
Charges
A charge with State Bank Of India amounted to Rs. 600.00 Lakh with Charge ID 10425703 was registered on 20 Apr 2013.
Charges
A charge registered on 29 Sep 2004 via Charge ID 90081299 with Andhra Bank was fully satisfied on 28 Nov 2007.
Charges
A charge with Bank Of India amounted to Rs. 150.00 Lakh with Charge ID 10071116 was registered on 11 Sep 2007.
7 earlier events are in the company report.
Frequently asked questions
Pal Movers is an active private limited company based in Khurda, Odisha, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 16 April 2004 (22+ years old) and is registered under CIN U34102OR2004PTC007569.
Pal Movers has 4 current directors:
- Harman Pal Singh - Managing Director
- Inderjeet Kaur - Director
- Haneet Kaur - Director
- Satpal Singh - Director
The latest financial statements of Pal Movers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pal Movers is 21AADCP5114C1Z7, registered in Odisha.
The CIN (Corporate Identification Number) of Pal Movers is U34102OR2004PTC007569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Movers has 10 court cases on record: 4 filed by the company and 6 filed against it. 5 are pending. Most are in the high courts.
Pal Movers was incorporated on 16 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Pal Movers by revenue are Prime Car Private Limited, Shuban HCMR Motors Private Limited, VFM Motors Private Limited, Kaysons Automotive Pvt Ltd, Amit Autocars Private Limited and 3 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Gagan Pal Singh ceased to be Director on 01 Apr 2007. Haneet Kaur was appointed as Director on 16 Apr 2004. Harman Pal Singh was appointed as Managing Director on 16 Apr 2004. Pal Movers has 5 board changes on record in total.
Yes, Pal Movers is registered as a medium enterprise under Udyam registration (number: UDYAM-OD-03-0003779).
Pal Movers can be reached through the website palgroupindia.com. Its registered office is in Khurda, Odisha, India.