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Palak Stark Private Limited - healthcare in Jalandhar, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.74 Cr
▼ 46% YoY
Net profit · FY 2024
₹1.85 Cr
Net margin 8.5%
EBITDA · FY 2024
₹2.22 Cr
EBITDA margin 10.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹77.7 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
25
Provident fund records
About Palak Stark Private Limited
Data last updated:
Palak Stark Private Limited is a private limited company based in Jalandhar, Punjab, India, recognised as a startup by DPIIT. It operates in the preventive health supplements segment of the healthcare sector. It was incorporated on 15 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U52609PB2020PTC051887. Its GSTIN is 03AALCP4289L1ZW (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Parveen Midha and Jai Paul Midha.
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 Scs – 41 Choti Baradari Part – 2 Opposite Pims Hospital, Jalandhar, Punjab, India – 144001.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.74 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.85 Cr (net margin 8.5%) and EBITDA of ₹2.22 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 239% over three years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Palak Notes. As per MCA filings, the company has open charges of ₹77.7 Lakh on record.
Palak Stark Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-10-0028647). For more details, the company can be reached via its website palaknotes.com.
Company details
CIN U52609PB2020PTC051887
Registration Number 051887
Incorporation Date 15 September 2020
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-PB-10-0028647
Recognitions & Rankings of Palak Stark
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-10-0028647
Contact details
Palak Stark Private Limited's registered office is in Jalandhar, Punjab. Its website is palaknotes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressScs – 41 Choti Baradari Part – 2 Opposite Pims Hospital, Jalandhar, Punjab, India – 144001
- IndustryHealthcare, Preventive Health Supplements
To see the full contact details of Palak Stark Private Limited, buy the company report.
Comprehensive company report
Palak Stark 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
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Secure checkout · GST invoice included
Brands
Palak Stark operates one associated brand: Palak Notes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers natural health supplements for weight loss, immunity, and thyroid management. | palaknotes.com |
Business activity
The main business activity of Palak Stark is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Palak Stark Private Limited, buy the company report.
Financials of Palak Stark Private Limited
FY 2024 filings availablePalak Stark Private Limited reported revenue of ₹21.74 Cr (down 46% YoY) for FY 2024.
Revenue · FY 2024
₹21.74 Cr ▼ 46%
Net profit · FY 2024
₹1.85 Cr margin 8.5%
EBITDA · FY 2024
₹2.22 Cr margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 239%
EBITDA CAGR growth
1 year
▼ 67%
3 years · compounded
▲ 269%
Revenue fell 46% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 239%. EBITDA fell 67% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹21.74 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.22 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.85 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.2% | |||
| Net Profit Margin | 8.5% | |||
| 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 Stark Private Limited, buy the company report.
Board of directors of Palak Stark Private Limited
Palak Stark has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parveen Midha Also directs: Midvision Private Limited | Director | 07 Jan 2021 | 5 Years 9 Months | Current |
| Jai Paul Midha | Director | 28 Aug 2021 | 5 Years 1 Months | Current |
| Palak Midha Also directs: Midha Estates LLP, Midvision Private Limited | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Pranav Midha Also directs: Midha Estates LLP, Midvision Private Limited | Director | 14 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Palak Stark Private Limited is audited by K.L. MIGLANI & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.L. MIGLANI & CO. | FY 2024 | 010654N |
Shareholding
The shareholding of Palak Stark Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Palak Stark Private Limited, buy the company report.
Charges & borrowings
Open charges
₹77.7 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2022 | 100540761 | Hdfc Bank Limited | ₹77.7 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Palak Stark Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palak Stark Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palak Stark has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AALCP4289L1ZW | Punjab | Active | 22 Jan 2021 |
| 06AALCP4289L1ZQ | Haryana | Active | 13 Apr 2023 |
To see the full GST registrations and return filing status of Palak Stark Private Limited, buy the company report.
Recent activity
Palak Stark Private Limited has 7 board changes on record since 2020: 4 appointments and 3 cessations. The latest: Jai Paul Midha ceased to be Additional Director on 30 Nov 2021.
AGM
Palak Stark Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Palak Stark Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 77.70 Lakh with Charge ID 100540761 was registered on 05 Feb 2022.
Ceased
Jai Paul Midha ceased to be Additional Director.
Ceased
Parveen Midha ceased to be Additional Director.
Ceased
Pranav Midha ceased to be Additional Director.
Appointed
Jai Paul Midha was appointed as Director.
Appointed
Pranav Midha was appointed as Director.
Appointed
Parveen Midha was appointed as Director.
Appointed
Palak Midha was appointed as Director.
Incorporation
15 Sep 2020
Palak Stark Private Limited was registered on 15 Sep 2020 with Roc Chandigarh & aged 6 years 1 month as per MCA records.
Frequently asked questions
Palak Stark is an active private limited company based in Jalandhar, Punjab, India. The company works in preventive health supplements, within the healthcare industry. It was incorporated on 15 September 2020 (6+ years old) and is registered under CIN U52609PB2020PTC051887.
Palak Stark has 4 current directors:
- Parveen Midha - Director
- Jai Paul Midha - Director
- Palak Midha - Director
- Pranav Midha - Director
The latest financial statements of Palak Stark 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 FY 2021 are in the company report.
The GSTIN of Palak Stark is 03AALCP4289L1ZW, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AALCP4289L1ZQ (Haryana).
The CIN (Corporate Identification Number) of Palak Stark is U52609PB2020PTC051887. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palak Stark was incorporated on 15 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chandigarh.
Jai Paul Midha ceased to be Additional Director on 30 Nov 2021. Parveen Midha ceased to be Additional Director on 30 Nov 2021. Pranav Midha ceased to be Additional Director on 30 Nov 2021. Palak Stark has 7 board changes on record in total.
Yes, Palak Stark is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Palak Stark is registered as a small enterprise under Udyam registration (number: UDYAM-PB-10-0028647).
Palak Stark can be reached through the website palaknotes.com. Its registered office is in Jalandhar, Punjab, India.