About Pala Decor Private Limited
Data last updated:
Pala Decor Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Nourison International Holdings Inc. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 30 July 2013.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17200HR2013PTC049962. Its GSTIN is 06AAHCP2888D1ZA (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹62.69 Lakh. It is led by directors including Naveen Singal (Irp/Rp/Liquidator) and Jyoti Puneet Jolly.
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 319 Sector – 22, Gurgaon, Haryana, India – 122015.
As per the financials filed for FY 2019, the company reported a revenue of ₹19.45 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹24.8 Lakh (net margin 1.3%) and EBITDA of ₹82.67 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.92 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
The last known website on record is pala.in.
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- Website
- Social MediaLocked
- Registered Address319 Sector – 22, Gurgaon, Haryana, India – 122015
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
- 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
The main business activity of Pala Decor is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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
Financials of Pala Decor Private Limited
FY 2019 filings availablePala Decor Private Limited reported revenue of ₹19.45 Cr (up 208% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over three years, including 208% growth in the latest year. EBITDA rose 213% 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 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹19.45 Cr | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹82.67 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹24.8 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
| Metrics | FY 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.3% | |
| Net Profit Margin | 1.3% | |
| 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, and every line for FY 2014-15 to FY 2017-18, 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 Pala Decor are in the company report.
: available in the company report
Board of Directors of Pala Decor Private Limited
Pala Decor has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Andrew Peykar | Additional Director | 21 Feb 2020 | 6 Years 8 Months | As last reported |
| Naveen Singal Also directs: Resonate Valutech LLP | Irp/Rp/Liquidator | 05 Jul 2023 | 3 Years 3 Months | As last reported |
| Jyoti Puneet Jolly | Director | 30 Jul 2013 | 13 Years 2 Months | As last reported |
| Puneet Jolly | Director | 04 May 2017 | 9 Years 5 Months | As last reported |
Peer Comparison
Pala Decor Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prabhu Jee Kambal Wale Private Limited | ₹20.08 Cr (FY 2025) | •••• | •••• | •••• | Ludhiana, Punjab, India | |
| Diva Exports Private Limited | ₹20.04 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Mumbai, Maharashtra, India |
| Pala Decor Private Limited this company | ₹19.45 Cr (FY 2019) | •••• | •••• | 208.0% | •••• | Gurgaon, Haryana, India |
| Dileep Essentials Private Limited | ₹18.72 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Jaipur, Rajasthan, India |
Peers are the companies nearest to Pala Decor by revenue, above and below it, in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Pala Decor Private Limited is audited by P C BINDAL & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P C BINDAL & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2018 | Others | ₹5.92 Cr | Open |
| 18 Sep 2017 | Others | ₹1.5 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases
Pala Decor Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Court case (Civ Suit) | Filed against the company by Linkers India Logistics Pvt Ltd | Disposed |
| District court, North West, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by an individual | Disposed |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by M/S Janvi Collection | Disposed |
: available in 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.
Employees and EPFO Compliance
Pala Decor Private Limited has a workforce of 22 employees as of Mar 28, 2024.
: available in the company report
Recent Activity
Pala Decor Private Limited has 6 board changes on record since 2013: 4 appointments and 2 cessations. The latest: Naveen Singal was appointed as Irp/Rp/Liquidator on 05 Jul 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Pala Decor has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCP2888D1ZA | Haryana | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Pala Decor is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Pala Decor is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 30 July 2013 and is registered under CIN U17200HR2013PTC049962. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pala Decor has 4 current directors:
- Andrew Peykar - Additional Director
- Jyoti Puneet Jolly - Director
- Puneet Jolly - Director
- Naveen Singal - Irp/Rp/Liquidator
The latest financial statements of Pala Decor on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pala Decor is U17200HR2013PTC049962. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pala Decor has open charges of ₹5.92 Cr and satisfied charges of ₹1.5 Cr as per latest MCA filings.
Pala Decor has 4 court cases on record: 4 filed against it.
Pala Decor was incorporated on 30 July 2013. It is registered with the Registrar of Companies, Delhi.
The peers of Pala Decor by revenue are Prabhu Jee Kambal Wale Private Limited, Diva Exports Private Limited, Dileep Essentials Private Limited, all in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading).
Naveen Singal was appointed as Irp/Rp/Liquidator on 05 Jul 2023. Andrew Peykar was appointed as Additional Director on 21 Feb 2020. Nisheeth Goel ceased to be Director on 15 May 2017. Pala Decor has 6 board changes on record in total.
Pala Decor can be reached through the website pala.in. Its registered office is in Gurgaon, Haryana, India.