About Palas Software Private Limited
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Palas Software Private Limited is a private limited company based in New, Delhi, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 06 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1984PTC019511. Its GSTIN is 07AAACP1780B1ZU (Delhi).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.25 Cr. It was formerly known as Palas Associates Private Limited. It is led by directors including Rajiv Srivastava (Managing Director) and Sita Srivastava.
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 B – 39 Kailash Colony, New, Delhi, India – 110048.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.2 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹1.72 Lakh (net margin 0.8%) and EBITDA of ₹30.11 Lakh (EBITDA margin 13.7%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 21% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.36 Cr and satisfied charges of ₹4.5 Lakh 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 palas-india.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 39 Kailash Colony, New, Delhi, India – 110048
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Palas Software Private Limited
The main business activity of Palas Software is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Palas Software Private Limited FY 2025 filings available
Palas Software Private Limited reported revenue of ₹2.2 Cr (down 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Palas Software Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 27% fall in the latest year. 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 of Palas Software Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹30.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.72 Lakh | •••• | •••• | •••• | •••• |
| 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 Palas Software Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Palas Software are in the company report.
Financial statements from 2015
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.
Peer Comparison of Palas Software Private Limited
Palas Software Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Smartenersol Renewables Private Limited | ₹2.21 Cr (FY 2024) | •••• | •••• | 381.0% | •••• | Ernakulam, Kerala, India |
| Jove Multisystems Private Limited | ₹2.21 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Geeta Technologies Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | 117.0% | •••• | Nigdi, Maharashtra, India |
| GSC Infosolutions Private Limited | ₹2.21 Cr (FY 2020) | •••• | •••• | 149.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Vaishvik Civilization Private Limited | ₹2.2 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Noida, Uttar Pradesh, India |
| Palas Software Private Limited this company | ₹2.2 Cr (FY 2024) | •••• | •••• | -27.0% | •••• | New Delhi, Delhi, India |
| Aureole Process Equipments Private Limited | ₹2.2 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Sinnar, Maharashtra, India |
| Verman Manufacturing & Integration Private Limited | ₹2.2 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Daskroi, Gujarat, India |
| Terminus Circuits Private Limited | ₹2.19 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Bangalore, Karnataka, India |
| Tricolour Automation Private Limited | ₹2.19 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
| Safejet Techno Products Private Limited | ₹2.18 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Murlipura, Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Palas Software by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Palas Software Private Limited
Palas Software Private Limited is audited by BAHL CHANDHOKE for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BAHL CHANDHOKE | 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.
Board of Directors of Palas Software Private Limited
Palas Software has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sita Srivastava | Director | 08 Feb 1993 | 33 Years 8 Months | Current |
| Rajiv Srivastava Also directs: Palas Retail Automation Private Limited | Managing Director | 06 Dec 1984 | 41 Years 10 Months | Current |
| Ritin Srivastava Also directs: Palas Retail Automation Private Limited | Director | 01 Apr 2009 | 17 Years 6 Months | Current |
Ownership and Shareholding of Palas Software 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 Palas Software Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2020 | Bank of India | ₹36 Lakh | Open |
| 04 May 2007 | Bank of India | ₹2 Cr | Open |
| 15 Jun 1990 | Bank of India | ₹1.6 Lakh | Satisfied |
| 28 Aug 1988 | Bank of India | ₹1.4 Lakh | Satisfied |
| 12 Jul 1985 | Bank of India | ₹1.5 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Palas Software Private Limited
Palas Software Private Limited has a workforce of 3 employees as of Apr 06, 2024.
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.
Recent Activity on Palas Software Private Limited
Palas Software Private Limited has 3 board changes on record since 1984: 3 appointments. The latest: Ritin Srivastava was appointed as Director on 01 Apr 2009.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Palas Software 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 Palas Software 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 Palas Software 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 Palas Software Private Limited
Palas Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP1780B1ZU | Delhi | Active | 01 Jul 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 Palas Software 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 Palas Software Private Limited
Palas Software is an active private limited company based in New, Delhi, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 06 December 1984 (42+ years old) and is registered under CIN U74899DL1984PTC019511.
Palas Software reported revenue of ₹2.2 Cr for FY 2024 (down 27% YoY).
Palas Software has 3 current directors:
- Rajiv Srivastava - Managing Director
- Sita Srivastava - Director
- Ritin Srivastava - Director
Palas Software reported a net profit of ₹1.72 Lakh (net margin 0.8%) and EBITDA of ₹30.11 Lakh (EBITDA margin 13.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palas Software is 6% over three years and -21% over five years. In the latest year (FY 2024) revenue fell 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Palas Software is 07AAACP1780B1ZU, registered in Delhi.
The CIN (Corporate Identification Number) of Palas Software is U74899DL1984PTC019511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palas Software was incorporated on 06 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Palas Software by revenue are Smartenersol Renewables Private Limited, Jove Multisystems Private Limited, Geeta Technologies Private Limited, GSC Infosolutions Private Limited, Vaishvik Civilization Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Ritin Srivastava was appointed as Director on 01 Apr 2009. Sita Srivastava was appointed as Director on 08 Feb 1993. Rajiv Srivastava was appointed as Managing Director on 06 Dec 1984.
Palas Software can be reached through the website palas-india.com. Its registered office is in New, Delhi, India.