About Palette Tech Private Limited
Data last updated:
Palette Tech Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 31 December 2015.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2015PTC157766.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.07 Lakh. It was led by directors Pratik Shatrughna Magar and Bhavesh Dhanvantray Buddhdev.
Its last annual general meeting (AGM) was held on 12 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Office No.5 4th Floor Lalwani Plaza Sakore Nagar Off New Airport Road Viman Nagar, Pune, Maharashtra, India – 411014.
The last known website on record is palettetech.com.
Company details
Contact details
Palette Tech Private Limited's registered office is in Pune, Maharashtra. Its website is palettetech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No.5 4th Floor Lalwani Plaza Sakore Nagar Off New Airport Road Viman Nagar, Pune, Maharashtra, India – 411014
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Palette Tech 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
Financials of Palette Tech Private Limited
FY 2020 filings availableFinancial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Palette Tech Private Limited, buy the company report.
Board of directors of Palette Tech Private Limited
Palette Tech has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratik Shatrughna Magar Also directs: LVT Tech LLP, Fizzible Tech Private Limited | Director | 31 Dec 2015 | 10 Years 9 Months | As last reported |
| Bhavesh Dhanvantray Buddhdev Also directs: Tech Scout Labs LLP, Disruption Enablers Consortium LLP, Bright Agritrade LLP and 5 more | Director | 24 May 2016 | 10 Years 4 Months | As last reported |
Auditor
Palette Tech Private Limited is audited by D S S P & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D S S P & ASSOCIATES | FY 2018 | 141312W |
Shareholding
The shareholding of Palette Tech Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Palette Tech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palette Tech 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 Palette Tech 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 Palette Tech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palette Tech Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Tejas Arun Dusane ceased to be Director on 20 Apr 2019.
Frequently asked questions
Palette Tech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Palette Tech was a private limited company based in Pune, Maharashtra, India. The company worked in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 31 December 2015 and is registered under CIN U74999PN2015PTC157766. The company has been struck off by the Registrar of Companies and is no longer operational.
Palette Tech had 2 directors:
- Pratik Shatrughna Magar - Director
- Bhavesh Dhanvantray Buddhdev - Director
The CIN (Corporate Identification Number) of Palette Tech is U74999PN2015PTC157766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Palette Tech is at Office No.5 4th Floor Lalwani Plaza Sakore Nagar Off New Airport Road Viman Nagar, Pune, Maharashtra, India – 411014.
Palette Tech was incorporated on 31 December 2015. It is registered with the Registrar of Companies, Pune.
Palette Tech can be reached through the website palettetech.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Palette Tech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 12 December 2020. Year-wise statements from FY 2016 are in the company report.
Palette Tech operated in the information technology industry, in the electronic components and equipment manufacturing segment. It worked in this industry before it was struck off.
Tejas Arun Dusane ceased to be Director on 20 Apr 2019. Bhavesh Dhanvantray Buddhdev ceased to be Additional Director on 26 Dec 2016. Bhavesh Dhanvantray Buddhdev was appointed as Director on 24 May 2016. Palette Tech has 4 board changes on record in total.