Palande Courier Private Limited
About Palande Courier Private Limited
Data last updated:
Palande Courier Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the postal and courier segment of the logistics and supply chain sector. It was incorporated on 31 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U63023PN2009PTC133721. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashish Yashwant Palande and Yashwant Vasudeo Palande.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 2/3 Erandawane Opp. Sndt College Deccan Gymkhana, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2018, the company reported a revenue of ₹78.25 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹1.75 Cr (net margin -223.1%) and EBITDA of -₹91.4 Lakh (EBITDA margin -116.8%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
Court records list 8 cases involving the company, including 8 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palande Courier Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2/3 Erandawane Opp. Sndt College Deccan Gymkhana, Pune, Maharashtra, India – 411004
- IndustryLogistics, Postal & Courier
To see the full contact details of Palande Courier Private Limited, buy the company report.
- 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 Palande Courier is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Palande Courier Private Limited, buy the company report.
Financials of Palande Courier Private Limited
FY 2018 filings availablePalande Courier Private Limited reported revenue of ₹78.25 Lakh (down 87% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 87% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | -₹91.4 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.75 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -116.8% | |||
| Net Profit Margin | -223.1% | |||
| 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 Palande Courier Private Limited, buy the company report.
Board of directors of Palande Courier Private Limited
Palande Courier has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Yashwant Palande Also directs: Future World Landmarks LLP, CNM Exports LLP | Director | 31 Mar 2009 | 17 Years 7 Months | Current |
| Yashwant Vasudeo Palande | Director | 31 Mar 2009 | 17 Years 7 Months | Current |
Peer comparison
Palande Courier Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nihao Logistics and Marketing Private Limited | ₹81.23 Lakh (FY 2025) | -52.0% | New Delhi, Delhi, India | |||
| Mopati Logistics Private Limited | ₹80.97 Lakh (FY 2025) | -22.0% | Hyderabad, Telangana, India | |||
| Best Deals Worldwide Connection (OPC) Private Limited | ₹78.95 Lakh (FY 2024) | 1631.0% | Nagpur, Maharashtra, India | |||
| Pace Projects and Logistics Private Limited | ₹78.95 Lakh (FY 2025) | -92.0% | Mumbai, Maharashtra, India | |||
| Super Time Cargo and Courier Services Private Limited | ₹78.28 Lakh (FY 2025) | 13.0% | Jaipur, Rajasthan, India | |||
| Palande Courier Private Limitedthis company | ₹78.25 Lakh (FY 2018) | -₹1.75 Cr | -223.1% | -87.0% | Pune, Maharashtra, India | |
| Freight Link Cargo Solutions Private Limited | ₹78.19 Lakh (FY 2018) | 21.0% | Delhi, India | |||
| Shreeshaktistar Logistics International Private Limited | ₹77.84 Lakh (FY 2016) | Vadodara, Gujarat, India | ||||
| Sorites Eqip Hiring and Transports Private Limited | ₹77.45 Lakh (FY 2021) | Bhubaneswar, Odisha, India | ||||
| Q & S Cargo Private Limited | ₹75.45 Lakh (FY 2018) | 43.0% | Faridabad, Haryana, India | |||
| Rdrglobal Transport and Logistics Private Limited | ₹75.13 Lakh (FY 2023) | 1773.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Palande Courier Private Limited, buy the company report.
Auditor
Palande Courier Private Limited is audited by C. V. Chitale & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. V. Chitale & Co. | FY 2017 | 126338W |
Shareholding
The shareholding of Palande Courier Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Palande Courier Private Limited, buy the company report.
Legal cases
Palande Courier Private Limited has 8 court cases on record: 8 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Iifl Home Finance Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed against the company by M/S Indusind Bank Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by individuals | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra Through K L Mujamale | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP.) | Filed against the company by an individual | Disposed |
To see the full case history of Palande Courier 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 Palande Courier Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palande Courier has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Palande Courier Private Limited, buy the company report.
Recent activity
Palande Courier Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Ashish Yashwant Palande was appointed as Director on 31 Mar 2009.
Frequently asked questions
Palande Courier is an active private limited company based in Pune, Maharashtra, India. The company works in postal and courier, within the logistics industry. It was incorporated on 31 March 2009 (17+ years old) and is registered under CIN U63023PN2009PTC133721.
Palande Courier has 2 current directors:
- Ashish Yashwant Palande - Director
- Yashwant Vasudeo Palande - Director
The latest financial statements of Palande Courier on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Palande Courier has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Palande Courier is U63023PN2009PTC133721. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palande Courier has 8 court cases on record: 8 filed against it. 2 are pending.
Palande Courier was incorporated on 31 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Palande Courier by revenue are Nihao Logistics and Marketing Private Limited, Mopati Logistics Private Limited, Best Deals Worldwide Connection (OPC) Private Limited, Pace Projects and Logistics Private Limited, Super Time Cargo and Courier Services Private Limited and 5 more, all in the same principal business activity (postal & courier activities).
Ashish Yashwant Palande was appointed as Director on 31 Mar 2009. Yashwant Vasudeo Palande was appointed as Director on 31 Mar 2009.
The registered office of Palande Courier is at 23 Erandawane Opp. Sndt College Deccan Gymkhana, Pune, Maharashtra, India – 411004.
Palande Courier operates in the logistics industry, in the postal and courier segment.
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