Palak Sales Private Limited
About Palak Sales Private Limited
Data last updated:
Palak Sales Private Limited was a private limited company based in Nagpur, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 03 November 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1999PTC122529.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.96 Lakh.
Its last annual general meeting (AGM) was held on 19 June 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 590 Shreejee Palace Risaldar Lane Oop Gajanan Classes, Nagpur, Maharashtra, India – 440032.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.3 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.55 Lakh (net margin 47.1%) and EBITDA of ₹2.1 Lakh (EBITDA margin 63.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
Court records list 3 cases involving the company, including 3 filed against it.
Company details
Contact details
Palak Sales Private Limited's registered office is in Nagpur, Maharashtra.
- Registered Address590 Shreejee Palace Risaldar Lane Oop Gajanan Classes, Nagpur, Maharashtra, India – 440032
- IndustryFinancial Services, Financial Activities
- 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
Business activity
The main business activity of Palak Sales is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Palak Sales Private Limited, buy the company report.
Financials of Palak Sales Private Limited
FY 2019 filings availablePalak Sales Private Limited reported revenue of ₹3.3 Lakh (up 1% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 1% growth 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 |
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| EBITDA | ₹2.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.55 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 63.6% | ||||
| Net Profit Margin | 47.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Palak Sales Private Limited, buy the company report.
Board of directors of Palak Sales Private Limited
Palak Sales has 3 former directors on record and no current directors listed.
Peer comparison
Palak Sales Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stock Roots Private Limited | ₹3.31 Lakh (FY 2025) | 286.0% | Gurgaon, Haryana, India | |||
| Topflow Suppliers Private Limited | ₹3.31 Lakh (FY 2025) | -16.0% | Kolkata, West Bengal, India | |||
| Panthoibi Nidhi Limited | ₹3.31 Lakh (FY 2021) | 920.0% | Imphal, Manipur, India | |||
| Velvet Hopes & Fashions Private Limited | ₹3.3 Lakh (FY 2025) | 25.0% | Kolkata, West Bengal, India | |||
| Simco Business Ltd | ₹3.3 Lakh (FY 2019) | -65.0% | Kolkata, West Bengal, India | |||
| Palak Sales Private Limitedthis company | ₹3.3 Lakh (FY 2019) | ₹1.55 Lakh | 47.1% | 1.0% | Nagpur, Maharashtra, India | |
| Navyug Business Pvt Ltd | ₹3.3 Lakh (FY 2017) | 588.0% | Kolkata, West Bengal, India | |||
| Jag Dhan Nidhi Limited | ₹3.3 Lakh (FY 2020) | -5.0% | Allahabad, Uttar Pradesh, India | |||
| Epur Invesments Private Limited | ₹3.3 Lakh (FY 2025) | 1547.0% | Chennai, Tamil Nadu, India | |||
| Janvishwas Urban Nidhi Limited | ₹3.3 Lakh (FY 2021) | Bhoom, Maharashtra, India | ||||
| Shriram Kuries India Private Limited | ₹3.3 Lakh (FY 2017) | Sangamner, Maharashtra, India |
To see the full peer comparison of Palak Sales Private Limited, buy the company report.
Legal cases
Palak Sales Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (1 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Wardha, Maharashtra | Civil suit | Filed against the company by individuals | Disposed |
To see the full case history of Palak Sales 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 Sales Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Palak Sales Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palak Sales Private Limited has 3 board changes on record since 2012: 0 appointments and 3 cessations. The latest: Chaitanya Kumar Kochar ceased to be Director on 25 Dec 2019.
Frequently asked questions
Palak Sales has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Palak Sales was a private limited company based in Nagpur, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 03 November 1999 and is registered under CIN U51900MH1999PTC122529. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Palak Sales is U51900MH1999PTC122529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palak Sales was incorporated on 03 November 1999. It is registered with the Registrar of Companies, Mumbai.
The registered office of Palak Sales is at 590 Shreejee Palace Risaldar Lane Oop Gajanan Classes, Nagpur, Maharashtra, India – 440032.
The latest financial statements of Palak Sales on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 19 June 2019. Year-wise statements from 2015 are in the company report.
Palak Sales operated in the financial services industry, in the financial activities segment.
The peers of Palak Sales by revenue are Stock Roots Private Limited, Topflow Suppliers Private Limited, Panthoibi Nidhi Limited, Velvet Hopes & Fashions Private Limited, Simco Business Ltd and 5 more, all in the same principal business activity (other financial activities).
Palak Sales has 3 court cases on record: 3 filed against it.
Chaitanya Kumar Kochar ceased to be Director on 25 Dec 2019. Kiranbala Kochar ceased to be Director on 25 Dec 2019. Shobha Sunil Raisoni ceased to be Director on 25 Jun 2012.
The compliance status of Palak Sales is compliant as of 15 August 2026.
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