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Palc Networks Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹40.44 Cr
▲ 46% YoY
Net profit · FY 2025
₹2.85 Cr
Net margin 7.1%
EBITDA · FY 2025
₹5.25 Cr
EBITDA margin 13%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.63 Cr
Issued & subscribed
Open charges
₹20.27 Cr
Satisfied ₹5.21 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
108
Provident fund records
About Palc Networks Private Limited
Data last updated:
Palc Networks Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC099203. Its GSTIN is 29AAJCP0669A1ZF (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.63 Cr. It is led by directors including Kingston Smiler (Managing Director) and Parul Agrawal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.44 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹2.85 Cr (net margin 7.1%) and EBITDA of ₹5.25 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 29% over five years.
The company has about 108 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Palc Networks. As per MCA filings, the company has open charges of ₹20.27 Cr and satisfied charges of ₹5.21 Cr on record. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2020. Its 7 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 4 larger and 3 smaller; the largest is International Institute of Diamond Grading and Research India Private Limited with revenue of ₹40.58 Cr.
Palc Networks Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0187680). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palcnetworks.com.
Company details
CIN U72900KA2017PTC099203
Registration Number 099203
Incorporation Date 16 January 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0187680
Key People
Kingston Smiler Managing Director Parul Agrawal Whole-Time Director Kesavan Vignesh Director Recognitions & Rankings of Palc Networks
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0187680
Contact details
Palc Networks Private Limited's registered office is in Bangalore, Karnataka. Its website is palcnetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No.8 5th Floor, Navigator Building Itpb Whitefield, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Palc Networks Private Limited, buy the company report.
Comprehensive company report
Palc Networks 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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Brands
Palc Networks operates one associated brand: PALC NETWORKS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT service suite solutions are provided by PALC NETWORKS. | palcnetworks.com |
Business activity
The main business activity of Palc Networks is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Palc Networks Private Limited, buy the company report.
Financials of Palc Networks Private Limited
FY 2025 filings availablePalc Networks Private Limited reported revenue of ₹40.44 Cr (up 46% YoY) for FY 2025.
Revenue · FY 2025
₹40.44 Cr ▲ 46%
Net profit · FY 2025
₹2.85 Cr margin 7.1%
EBITDA · FY 2025
₹5.25 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 25%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 12%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 46% growth in the latest year. EBITDA rose 45% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.85 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 7.1% | ||||
| 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 Palc Networks Private Limited, buy the company report.
Board of directors of Palc Networks Private Limited
Palc Networks has 3 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 |
|---|---|---|---|---|
| Parul Agrawal | Whole-Time Director | 02 Aug 2022 | 4 Years 3 Months | Current |
| Kingston Smiler | Managing Director | 29 Aug 2018 | 8 Years 2 Months | Current |
| Kesavan Vignesh | Director | 19 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Palc Networks Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| International Institute of Diamond Grading and Research India Private Limited | ₹40.58 Cr (FY 2019) | -4.0% | Mumbai, Maharashtra, India | |||
| Curtiss Wright Surface Technologies India Private Limited | ₹40.58 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Eide Bailly Shared Services Private Limited | ₹40.55 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Krones Digital Solutions India Private Limited | ₹40.54 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Palc Networks Private Limitedthis company | ₹40.44 Cr (FY 2025) | ₹2.85 Cr | 7.1% | 46.0% | 108 | Bangalore, Karnataka, India |
| Deccan Management Consultants Finishing Schools Skill Foundation | ₹40.43 Cr (FY 2025) | -49.0% | Pune, Maharashtra, India | |||
| Informa Exhibitions India Private Limited | ₹40.39 Cr (FY 2025) | -42.0% | New Delhi, Delhi, India | |||
| Medivision Infomedia Private Limited | ₹40.36 Cr (FY 2024) | 120.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Palc Networks Private Limited, buy the company report.
Auditor
Palc Networks Private Limited is audited by Thaned and Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Thaned and Associates | FY 2024 | 014856S |
Shareholding
The shareholding of Palc Networks Private Limited is on record for 5 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 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palc Networks Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.27 Cr
Satisfied charges
₹5.21 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2026 | 101309367 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 07 Jan 2023 | 100671168 | Others | ₹26.53 Lakh | Open | |
| 24 Aug 2022 | 100606222 | Others | ₹4.95 Cr | Satisfied | |
| 09 Aug 2021 | 100469316 | Others | ₹26.2 Lakh | Satisfied |
To see the full charge records of Palc Networks Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Palc Networks Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2020.
Total deals
3
Rights issues
2
Secondary share transfer
1
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹23.9 Lakh | Investors: 4 individuals |
| Mar 2019 | Rights issue | ₹27.6 Lakh | Investors: 4 individuals |
To see the full deal history of Palc Networks Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Palc Networks 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 Palc Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Palc Networks Private Limited has a workforce of 108 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
108
Active EPFO establishments
1
Employee growth
24.14%
GST
Palc Networks has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCP0669A1ZF | Karnataka | Active | 01 Jul 2017 |
| 33AAJCP0669A2ZP | Tamil Nadu | Active | 12 Sep 2022 |
To see the full GST registrations and return filing status of Palc Networks Private Limited, buy the company report.
Recent activity
Palc Networks Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Kesavan Vignesh was appointed as Director on 19 Nov 2024.
Charges
A charge registered on 24 Aug 2022 via Charge ID 100606222 with Others was fully satisfied on 22 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 101309367 was registered on 06 Jun 2026.
AGM
Palc Networks Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Palc Networks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Kesavan Vignesh was appointed as Director.
Charges
A charge with Others of Rs. 4.95 Cr registered on 24 Aug 2022 with Charge ID 100606222 was modified on 22 May 2024.
Charges
A charge registered on 09 Aug 2021 via Charge ID 100469316 with Others was fully satisfied on 27 Mar 2023.
Charges
A charge with Others amounted to Rs. 0.27 Cr with Charge ID 100671168 was registered on 07 Jan 2023.
Ceased
Chitragar Ravindra Shivashankar ceased to be Additional Director.
Ceased
Garg Kumar Rahul ceased to be Additional Director.
Ceased
Krishnamurthy Mayya ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 4.95 Cr with Charge ID 100606222 was registered on 24 Aug 2022.
6 earlier events are in the company report.
Frequently asked questions
Palc Networks is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 January 2017 (9+ years old) and is registered under CIN U72900KA2017PTC099203.
Palc Networks has 3 current directors:
- Kingston Smiler - Managing Director
- Parul Agrawal - Whole-Time Director
- Kesavan Vignesh - Director
The latest financial statements of Palc Networks on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Palc Networks is 29AAJCP0669A1ZF, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAJCP0669A2ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Palc Networks is U72900KA2017PTC099203. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palc Networks was incorporated on 16 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Palc Networks has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2020.
The peers of Palc Networks by revenue are International Institute of Diamond Grading and Research India Private Limited, Curtiss Wright Surface Technologies India Private Limited, Eide Bailly Shared Services Private Limited, Krones Digital Solutions India Private Limited, Deccan Management Consultants Finishing Schools Skill Foundation and 2 more, all in the same principal business activity (other professional, scientific and technical activities).
Kesavan Vignesh was appointed as Director on 19 Nov 2024. Chitragar Ravindra Shivashankar ceased to be Additional Director on 27 Sep 2022. Garg Kumar Rahul ceased to be Additional Director on 27 Sep 2022. Palc Networks has 8 board changes on record in total.
Yes, Palc Networks is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Palc Networks is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0187680).
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