About Palai Developments Private Limited
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Palai Developments Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2017PTC298756. Its GSTIN is 27AAJCP3774A1ZF (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Rajesh Dhanji Gala (Managing Director) and Hetal Rajesh Gala.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.95 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹31.77 Cr (net margin -144.7%) and EBITDA of ₹5.48 Cr (EBITDA margin 25%). Revenue has grown at a compounded annual rate (CAGR) of 405% over three years and 128% over five years.
As per MCA filings, the company has open charges of ₹310 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 palaigroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 96 Ground Floor Arudh Niwas, Hindu Colony Lane No. 3 Dadar East, Mumbai, Maharashtra, India – 400014
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Palai Developments Private Limited
The main business activity of Palai Developments is real estate activities. In detail, this covers real estate activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities | 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 Palai Developments Private Limited FY 2025 filings available
Palai Developments Private Limited reported revenue of ₹21.95 Cr (down 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Palai Developments Private Limited
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 128%. EBITDA rose 387% 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 Palai Developments Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹31.77 Cr | •••• | •••• | •••• | •••• |
| 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 Palai Developments Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -144.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Palai Developments are in the company report.
Financial statements from FY 2018
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 Palai Developments Private Limited
Palai Developments has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hetal Rajesh Gala Also directs: Once More Productions LLP, Siyuti Clothing Private Limited | Director | 22 Nov 2018 | 7 Years 11 Months | Current |
| Rajesh Dhanji Gala | Managing Director | 18 Aug 2017 | 9 Years 2 Months | Current |
Peer Comparison of Palai Developments Private Limited
Palai Developments Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chamundeswari Build-Tech Private Limited | ₹21.98 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Shradha Buildcon Private Limited | ₹21.97 Cr (FY 2025) | •••• | •••• | 9368.0% | •••• | Indore, Madhya Pradesh, India |
| DS Max Realty Private Limited | ₹21.97 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Hill Track Constructions Private Limited | ₹21.95 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Wynad, Kerala, India |
| Assure Infracon Services Private Limited | ₹21.95 Cr (FY 2024) | •••• | •••• | 136.0% | •••• | Bhopal, Madhya Pradesh, India |
| Palai Developments Private Limited this company | ₹21.95 Cr (FY 2025) | •••• | •••• | -62.0% | •••• | Mumbai, Maharashtra, India |
| HKP Infrastructure Private Limited | ₹21.93 Cr (FY 2024) | •••• | •••• | 137.0% | •••• | Bhubaneswar, Odisha, India |
| Elixir Buildcon Private Limited | ₹21.92 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Sri Venkata Sai Engineering Private Limited | ₹21.9 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | Rourkela, Odisha, India |
| Luxmi Portfolio Limited | ₹21.89 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Kolkata, West Bengal, India |
| SSVB Retail India Limited | ₹21.88 Cr (FY 2016) | •••• | •••• | 97.0% | •••• | Gujarat, India |
Peers are the five companies nearest above and the five nearest below Palai Developments by revenue in the Real Estate industry (Builders and Developers), 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 Palai Developments Private Limited
Palai Developments Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | 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 Palai Developments Private 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 Palai Developments Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2021 | Others | ₹185 Cr | Open |
| 12 Oct 2017 | Others | ₹125 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Palai Developments Private Limited
Employment history and EPFO contributions of people linked to Palai Developments.
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 Palai Developments Private Limited
Palai Developments has 4 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Recent Activity on Palai Developments Private Limited
Palai Developments Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Dhanji Ghellabhai Gala ceased to be Director on 24 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Palai Developments Private 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 Palai Developments Private 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 Palai Developments Private 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 Palai Developments Private Limited
Palai Developments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCP3774A1ZF | Maharashtra | Active | 27 Sep 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 Palai Developments Private 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 Palai Developments Private Limited
Palai Developments is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 August 2017 (9+ years old) and is registered under CIN U45309MH2017PTC298756.
Palai Developments reported revenue of ₹21.95 Cr for FY 2025 (down 62% YoY).
Palai Developments has 2 current directors:
- Rajesh Dhanji Gala - Managing Director
- Hetal Rajesh Gala - Director
Palai Developments reported a net loss of ₹31.77 Cr (net margin -144.7%) and EBITDA of ₹5.48 Cr (EBITDA margin 25%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palai Developments is 405% over three years and 128% over five years. In the latest year (FY 2025) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Palai Developments is 27AAJCP3774A1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Palai Developments is U45309MH2017PTC298756. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palai Developments was incorporated on 18 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Palai Developments by revenue are Chamundeswari Build-Tech Private Limited, Shradha Buildcon Private Limited, DS Max Realty Private Limited, Hill Track Constructions Private Limited, Assure Infracon Services Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Dhanji Ghellabhai Gala ceased to be Director on 24 Jun 2024. Hetal Rajesh Gala ceased to be Additional Director on 30 Dec 2019. Rajesh Dhanji Gala ceased to be Whole-Time Director on 15 Dec 2018. Palai Developments has 5 board changes on record in total.
Palai Developments can be reached through the website palaigroup.com. Its registered office is in Mumbai, Maharashtra, India.