Pal Synthetics Limited
About Pal Synthetics Limited
Data last updated:
Pal Synthetics Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 May 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1981PLC024491. Its GSTIN is 27AABCP9916A1ZJ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.72 Cr. It was formerly known as Pal Synthetics Pvtlimited and Rishi Textiles Industries Pvt Ltd. It is led by directors including Ranvir Bhimchand Sharma and Dapinderpal Singh Jagjit Singh Arora.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Pal House Plot No. 41 Marolco.Op.Ind. Estate Andheri, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2019, the company reported a revenue of ₹38.37 Lakh, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹90.39 Lakh (net margin -235.6%) and EBITDA of -₹8.73 Lakh (EBITDA margin -22.8%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 55% over five years.
As per MCA filings, the company has open charges of ₹35.56 Cr on record. Court records list 19 cases involving the company, including 15 filed by the company and 4 filed against it; 8 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Name History of Pal Synthetics Limited
Pal Synthetics has undergone 3 name changes throughout its history. The company was previously known as Pal Synthetics Pvtlimited, Rishi Textiles Industries Pvt Ltd, and Rishi Textiles Industries Ltd. The current legal name is Pal Synthetics Limited.
| Company Name | Status |
|---|---|
| Pal Synthetics Limited | Current |
| Pal Synthetics Pvtlimited | Previous |
| Rishi Textiles Industries Pvt Ltd | Previous |
| Rishi Textiles Industries Ltd | Previous |
CIN History of Pal Synthetics Limited
Pal Synthetics has one previous CIN (Corporate Identification Number): U99999MH1981PTC024491. The current CIN is U99999MH1981PLC024491, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1981PLC024491 | Current |
| U99999MH1981PTC024491 | Previous |
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- WebsiteLocked
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- Registered AddressPal House Plot No. 41 Marolco.Op.Ind. Estate Andheri, Mumbai, Maharashtra, India – 400059
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Business Activity of Pal Synthetics Limited
The main business activity of Pal Synthetics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pal Synthetics Limited FY 2019 filings available
Pal Synthetics Limited reported revenue of ₹38.37 Lakh (down 66% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Pal Synthetics Limited
Revenue has declined at a compounded annual rate (CAGR) of 55% over five years, including a 66% fall in the latest year. EBITDA rose 88% 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 of Pal Synthetics Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹38.37 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹8.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹90.39 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pal Synthetics Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -235.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pal Synthetics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Pal Synthetics Limited
Pal Synthetics has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranvir Bhimchand Sharma Also directs: Shreetex Engineers Private Limited | Director | 28 Mar 2004 | 22 Years 6 Months | Current |
| Dapinderpal Singh Jagjit Singh Arora Also directs: Ashu Annu Textiles Pvt Ltd, Angadpal Industries Private Limited | Director | 31 Jan 1989 | 37 Years 8 Months | Current |
| Rapinderpal Singh Jagjitsingh Arora Also directs: Ashu Annu Textiles Pvt Ltd, Angadpal Industries Private Limited | Director | 01 May 2012 | 14 Years 5 Months | Current |
Peer Comparison of Pal Synthetics Limited
Pal Synthetics Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thanjavur Spinning Mill Limited | ₹38.47 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Rajapalayam, Tamil Nadu, India |
| Patna Electric Supply Co Ltd | ₹38.44 Lakh (FY 2024) | •••• | •••• | -49.0% | •••• | Kolkata, West Bengal, India |
| Jalgaon Food Products Private Limited | ₹38.41 Lakh (FY 2024) | •••• | •••• | -77.0% | •••• | Jalgaon, Maharashtra, India |
| Blooming Fashions Private Limited | ₹38.39 Lakh (FY 2024) | •••• | •••• | 251.0% | •••• | New Delhi, Delhi, India |
| Mega Polyfils Private Limited | ₹38.38 Lakh (FY 2020) | •••• | •••• | -83.0% | •••• | Surat, Gujarat, India |
| Pal Synthetics Limited this company | ₹38.37 Lakh (FY 2019) | •••• | •••• | -66.0% | •••• | Mumbai, Maharashtra, India |
| Sudarshan Synthetics Bombay Pvt Ltd | ₹38.37 Lakh (FY 2022) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| U-Turn Apparels Private Limited | ₹38.34 Lakh (FY 2025) | •••• | •••• | -71.0% | •••• | Indore, Madhya Pradesh, India |
| Krishnaraj Industries Limited | ₹38.33 Lakh (FY 2024) | •••• | •••• | 973.0% | •••• | Ahmedabad, Gujarat, India |
| Frontier Jewellers Private Limited | ₹38.33 Lakh (FY 2024) | •••• | •••• | 96.0% | •••• | Punjab, India |
| Innor Fashions Private Limited | ₹38.31 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Tirurangadi, Kerala, India |
Peers are the five companies nearest above and the five nearest below Pal Synthetics by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pal Synthetics Limited
Pal Synthetics Limited is audited by VIPIN L THAKUR & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIPIN L THAKUR & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Pal Synthetics Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pal Synthetics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jul 1995 | Bank of Baroda | ₹11.75 Cr | Open |
| 26 Mar 1994 | Bank of Baroda | ₹11.75 Cr | Open |
| 26 Mar 1994 | Bank of Baroda | ₹12.06 Cr | Open |
Total charge records: 3 View all charges
Legal Cases of Pal Synthetics Limited
Pal Synthetics Limited has 19 court cases on record: 15 filed by Pal Synthetics, 4 filed against it. 8 cases are pending and 11 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 3 | 8 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ess Aay Fashion (India) Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed by the company against an individual | Pending |
Full case history
All 19 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Pal Synthetics Limited
Employment history and EPFO contributions of people linked to Pal Synthetics.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Pal Synthetics Limited
Pal Synthetics has 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
Recent Activity on Pal Synthetics Limited
Pal Synthetics Limited has 7 board changes on record since 1989: 3 appointments and 4 cessations. The latest: Dr Jagjit Singh Kharbanda ceased to be Director on 15 Dec 2016.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pal Synthetics Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pal Synthetics Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pal Synthetics Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pal Synthetics Limited
Pal Synthetics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP9916A1ZJ | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pal Synthetics Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pal Synthetics Limited
Pal Synthetics is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 May 1981 (45+ years old) and is registered under CIN U99999MH1981PLC024491.
Pal Synthetics reported revenue of ₹38.37 Lakh for FY 2019 (down 66% YoY).
Pal Synthetics has 3 current directors:
- Ranvir Bhimchand Sharma - Director
- Dapinderpal Singh Jagjit Singh Arora - Director
- Rapinderpal Singh Jagjitsingh Arora - Director
Pal Synthetics reported a net loss of ₹90.39 Lakh (net margin -235.6%) and EBITDA of -₹8.73 Lakh (EBITDA margin -22.8%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pal Synthetics is -74% over three years and -55% over five years. In the latest year (FY 2019) revenue fell 66%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pal Synthetics is 27AABCP9916A1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pal Synthetics is U99999MH1981PLC024491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Synthetics has 19 court cases on record: 15 filed by the company and 4 filed against it. 8 are pending. Most are in the district courts.
Pal Synthetics was incorporated on 28 May 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pal Synthetics by revenue are Thanjavur Spinning Mill Limited, Patna Electric Supply Co Ltd, Jalgaon Food Products Private Limited, Blooming Fashions Private Limited, Mega Polyfils Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Dr Jagjit Singh Kharbanda ceased to be Director on 15 Dec 2016. Mandeep Singh Gaba ceased to be Director on 15 Dec 2016. Jagjit Singh Arora ceased to be Managing Director on 15 Jun 2016. Pal Synthetics has 7 board changes on record in total.