Palagic Maritime Services Private Limited

Palagic Maritime Services Private Limited - business outsourcing in Thane, Maharashtra, India. FY 2026 financials & compliance.
CIN U74999MH2015PTC264753 Incorporated 22 May 2015 ROC Mumbai HQ Thane, Maharashtra, India
Active Private Limited Company business outsourcing MSME · Small
Revenue · FY 2022
₹19.25 Cr
▲ 22% YoY
Net profit · FY 2022
₹12.89 Lakh
Net margin 0.7%
EBITDA · FY 2022
₹17.77 Lakh
EBITDA margin 0.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹3 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings

About Palagic Maritime Services Private Limited

Data last updated:

Palagic Maritime Services Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 22 May 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2015PTC264753. Its GSTIN is 27AAVCS7678G2ZC (Maharashtra). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Sl Marine Services Private Limited and Sk Ship Management Private Limited. It is led by directors Christianson Devadanam Janumala (Managing Director) and Jeet Shrinivas Tendulkar.

Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Office No 308 Mk Plaza Ghodbunder Road Anand Nagar, Thane, Maharashtra, India – 400615.

As per the financials filed for FY 2022, the company reported a revenue of ₹19.25 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹12.89 Lakh (net margin 0.7%) and EBITDA of ₹17.77 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 682% over three years and 182% over five years.

As per MCA filings, the company has open charges of ₹3 Cr on record.

Palagic Maritime Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0229188). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U74999MH2015PTC264753
Registration Number 264753
Incorporation Date 22 May 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0229188

Name history

Palagic Maritime Services has undergone 7 name changes throughout its history. The current legal name is Palagic Maritime Services Private Limited.

Company NameStatus
Palagic Maritime Services Private LimitedCurrent
Sl Marine Services Private LimitedPrevious
Sk Ship Management Private LimitedPrevious
Sk Shipping Management Private LimitedPrevious
Sks Ship Management Private LimitedPrevious
Sk Ocean Ship Management Private LimitedPrevious
Sk Shipping Private LimitedPrevious
Sk Navigation Private LimitedPrevious
Key People
Christianson Devadanam Janumala Managing Director Jeet Shrinivas Tendulkar Director

Recognitions & Rankings of Palagic Maritime Services

MSME (Udyam registered) Ministry of MSME
Category
Small (2023-24)
Udyam number
UDYAM-MH-33-0229188

Contact details

Palagic Maritime Services Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Office No 308 Mk Plaza Ghodbunder Road Anand Nagar, Thane, Maharashtra, India – 400615
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management

To see the full contact details of Palagic Maritime Services Private Limited, buy the company report.

Comprehensive company report
Palagic Maritime Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Palagic Maritime Services is support service to organizations. In detail, this covers placement agencies and hr management services.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN2Placement agencies and HR management services

To see the full business activity and turnover split of Palagic Maritime Services Private Limited, buy the company report.

Financials of Palagic Maritime Services Private Limited

FY 2022 filings available

Palagic Maritime Services Private Limited reported revenue of ₹19.25 Cr (up 22% YoY) for FY 2022.

Revenue · FY 2022
₹19.25 Cr ▲ 22%
Net profit · FY 2022
₹12.89 Lakh margin 0.7%
EBITDA · FY 2022
₹17.77 Lakh margin 0.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 682%
5 years · compounded
▲ 182%
EBITDA CAGR growth
1 year
▲ 91%
3 years · compounded
▲ 96%
5 years · compounded
▲ 80%

Revenue has grown at a compounded annual rate (CAGR) of 182% over five years, including 22% growth in the latest year. EBITDA rose 91% 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹17.77 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹12.89 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin0.9%
Net Profit Margin0.7%
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

To see the full financial statements and ratios of Palagic Maritime Services Private Limited, buy the company report.

Board of directors of Palagic Maritime Services Private Limited

Palagic Maritime Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jeet Shrinivas Tendulkar
Also directs: Adiona Supply Chain Logistics Private Limited, Helium Marine Services Private Limited
Director23 Sep 20206 Years 1 MonthsCurrent
Christianson Devadanam Janumala
Also directs: Golden Kites Media LLP, Matic World Logistics Private Limited, Raey.In Technocrats Private Limited and 2 more
Managing Director28 Aug 20206 Years 2 MonthsCurrent
View all directors

Shareholding

The shareholding of Palagic Maritime Services Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Palagic Maritime Services Private Limited, buy the company report.

Charges & borrowings

Open charges
₹3 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹3.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2021100486952Others₹3 CrOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Palagic Maritime Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Palagic Maritime Services has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAVCS7678G2ZCMaharashtraActive31 Oct 2020

To see the full GST registrations and return filing status of Palagic Maritime Services Private Limited, buy the company report.

Recent activity

Palagic Maritime Services Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Aartee Shetty Santosh ceased to be Director on 05 Apr 2021.

AGM
Palagic Maritime Services Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Palagic Maritime Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100486952 was registered on 30 Sep 2021.
Ceased
Aartee Shetty Santosh ceased to be Director.
Ceased
Christianson Devadanam Janumala ceased to be Director.
Ceased
Santosh Kumar ceased to be Director.
Ceased
Santoshi Devi ceased to be Director.
Appointed
Jeet Shrinivas Tendulkar was appointed as Director.
Appointed
Christianson Devadanam Janumala was appointed as Managing Director.
Ceased
Mukesh Kumar ceased to be Managing Director.
Ceased
Rekha Mukesh Gupta ceased to be Director.
Incorporation
22 May 2015
Palagic Maritime Services Private Limited was registered on 22 May 2015 with Roc Mumbai & aged 11 years 5 months as per MCA records.

Frequently asked questions

Palagic Maritime Services is an active private limited company based in Thane, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 22 May 2015 (11+ years old) and is registered under CIN U74999MH2015PTC264753.

Palagic Maritime Services has 2 current directors:

The latest financial statements of Palagic Maritime Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Palagic Maritime Services is 27AAVCS7678G2ZC, 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 Palagic Maritime Services is U74999MH2015PTC264753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Palagic Maritime Services was incorporated on 22 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.

Aartee Shetty Santosh ceased to be Director on 05 Apr 2021. Christianson Devadanam Janumala ceased to be Director on 05 Apr 2021. Santosh Kumar ceased to be Director on 24 Sep 2020. Palagic Maritime Services has 8 board changes on record in total.

Yes, Palagic Maritime Services is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0229188).

The registered office of Palagic Maritime Services is at Office No 308 Mk Plaza Ghodbunder Road Anand Nagar, Thane, Maharashtra, India – 400615.

Palagic Maritime Services operates in the business outsourcing industry, in the HR outsourcing and talent management segment.