MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-01-0009215
Palak Creation Private Limited - home & lifestyle in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹1.51 Cr
▲ 2% YoY
Net profit · FY 2019
₹68,174
Net margin 0.5%
EBITDA · FY 2019
₹8.68 Lakh
EBITDA margin 5.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.9 Lakh
Issued & subscribed
Satisfied charges
₹16 Lakh
No open charges
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
About Palak Creation Private Limited
Data last updated:
Palak Creation Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 13 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17226DL1996PTC077111. Its GSTIN is 07AAACP8960F1ZA (Delhi).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.9 Lakh. It is led by directors Geeti Gupta and Devesh Gupta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 10 Ground Floor 877 Ashoka Palace East Park Road Karol Bagh, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.51 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹68,174 (net margin 0.5%) and EBITDA of ₹8.68 Lakh (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years.
As per MCA filings, the company has satisfied charges of ₹16 Lakh on record. Court records list 3 cases involving the company, including 3 filed by the company.
Palak Creation Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0009215). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palakcreation.in.
Company details
CIN U17226DL1996PTC077111
Registration Number 077111
Incorporation Date 13 March 1996
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-01-0009215
Key People
Geeti Gupta Director Devesh Gupta Director Recognitions & Rankings of Palak Creation
Contact details
Palak Creation Private Limited's registered office is in New Delhi, Delhi. Its website is palakcreation.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10 Ground Floor 877 Ashoka Palace East Park Road Karol Bagh, New Delhi, Delhi, India – 110005
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Palak Creation Private Limited, buy the company report.
Comprehensive company report
Palak Creation 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 Palak Creation is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Palak Creation Private Limited, buy the company report.
Financials of Palak Creation Private Limited
FY 2024 filings availablePalak Creation Private Limited reported revenue of ₹1.51 Cr (up 2% YoY) for FY 2019.
Revenue · FY 2019
₹1.51 Cr ▲ 2%
Net profit · FY 2019
₹68,174 margin 0.5%
EBITDA · FY 2019
₹8.68 Lakh margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 31%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 41%
Revenue rose 2% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 31%. EBITDA fell 13% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.51 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹68,174 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Palak Creation Private Limited, buy the company report.
Board of directors of Palak Creation Private Limited
Palak Creation has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeti Gupta | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Devesh Gupta Also directs: Gem Mercantile Limited | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Palak Creation Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hiren Brothers Investment Company Private Limited | ₹1.51 Cr (FY 2024) | 1.0% | Mumabi, Maharashtra, India | |||
| Silicon Overseas Private Limited | ₹1.51 Cr (FY 2025) | -54.0% | Ahmedabad, Gujarat, India | |||
| Nextnowo Private Limited | ₹1.51 Cr (FY 2023) | -62.0% | Mumbai, Maharashtra, India | |||
| Palak Creation Private Limitedthis company | ₹1.51 Cr (FY 2019) | ₹68,174 | 0.5% | 2.0% | New Delhi, Delhi, India | |
| Santhalia Commercial Private Limited | ₹1.51 Cr (FY 2025) | -47.0% | Kolkata, West Bengal, India | |||
| Gravity Mercantile Private Limited | ₹1.5 Cr (FY 2024) | -1.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Palak Creation Private Limited, buy the company report.
Auditor
Palak Creation Private Limited is audited by P D RAMANAND & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P D RAMANAND & CO | FY 2019 | 001104C |
Shareholding
The shareholding of Palak Creation Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palak Creation Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹16 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2002 | 90057899 | State Bank of India | ₹16 Lakh | Satisfied |
To see the full charge records of Palak Creation Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Palak Creation Private Limited has 3 court cases on record: 3 filed by Palak Creation. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Cheque dishonour complaint | Filed by the company against Ms Maya Overseas | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against Ms Maya Overseas | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against Ms Kanishko International | Disposed |
To see the full case history of Palak Creation 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 Palak Creation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palak Creation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP8960F1ZA | Delhi | Active | 10 Jul 2017 |
To see the full GST registrations and return filing status of Palak Creation Private Limited, buy the company report.
Recent activity
Palak Creation Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Deepak Gupta ceased to be Director on 30 Sep 2024.
AGM
Palak Creation Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Deepak Gupta ceased to be Director.
Appointed
Geeti Gupta was appointed as Director.
Ceased
Devesh Gupta ceased to be Additional Director.
Ceased
Shraddhanand Garg ceased to be Director.
Filing
Palak Creation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi Ii.
Appointed
Devesh Gupta was appointed as Director.
Charges
A charge registered on 31 Oct 2002 via Charge ID 90057899 with State Bank Of India was fully satisfied on 08 Oct 2020.
Ceased
Virendra Prakash Gupta ceased to be Director.
Ceased
Geeti Gupta ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 16.00 Lakh registered on 31 Oct 2002 with Charge ID 90057899 was modified on 29 Dec 2015.
Charges
A charge with State Bank Of India amounted to Rs. 16.00 Lakh with Charge ID 90057899 was registered on 31 Oct 2002.
1 earlier event is in the company report.
Frequently asked questions
Palak Creation is an active private limited company based in New Delhi, Delhi, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 13 March 1996 (30+ years old) and is registered under CIN U17226DL1996PTC077111.
Palak Creation has 2 current directors:
- Geeti Gupta - Director
- Devesh Gupta - Director
The latest financial statements of Palak Creation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Palak Creation is 07AAACP8960F1ZA, registered in Delhi.
The CIN (Corporate Identification Number) of Palak Creation is U17226DL1996PTC077111. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palak Creation has 3 court cases on record: 3 filed by the company.
Palak Creation was incorporated on 13 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Palak Creation by revenue are Hiren Brothers Investment Company Private Limited, Silicon Overseas Private Limited, Nextnowo Private Limited, Santhalia Commercial Private Limited, Gravity Mercantile Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Deepak Gupta ceased to be Director on 30 Sep 2024. Geeti Gupta was appointed as Director on 30 Sep 2024. Devesh Gupta ceased to be Additional Director on 29 Sep 2024. Palak Creation has 7 board changes on record in total.
Yes, Palak Creation is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-01-0009215).
Palak Creation can be reached through the website palakcreation.in. Its registered office is in New Delhi, Delhi, India.