MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-MH-19-0016214
Palex Express Services Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.03 Cr
▲ 37% YoY
Net profit · FY 2025
₹86.01 Lakh
Net margin 14.3%
EBITDA · FY 2025
₹1.21 Cr
EBITDA margin 20.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹20 Lakh
Secured borrowings
Company age
22 yrs
Est. 2004
Employees · EPFO
11
Provident fund records
About Palex Express Services Private Limited
Data last updated:
Palex Express Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 22 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U64120MH2004PTC144176. Its GSTIN is 27AADCP2810K2ZG (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Rajdeo Jagprasad Pal and Amravati Raj Pal.
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 94 Modi Street Karachiwala Building 1st Floor Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.03 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹86.01 Lakh (net margin 14.3%) and EBITDA of ₹1.21 Cr (EBITDA margin 20.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 10% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Lakh on record.
Palex Express Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0016214). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palexindia.com.
Company Details of Palex Express Services Private Limited
CIN U64120MH2004PTC144176
Registration Number 144176
Incorporation Date 22 January 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0016214
Recognitions & Rankings of Palex Express Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address94 Modi Street Karachiwala Building 1st Floor Fort, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Express Logistics
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Business Activity of Palex Express Services Private Limited
The main business activity of Palex Express Services is transport and storage. In detail, this covers postal & courier activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Palex Express Services Private Limited FY 2025 filings available
Palex Express Services Private Limited reported revenue of ₹6.03 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹6.03 Cr ▲ 37%
Net profit · FY 2025
₹86.01 Lakh margin 14.3%
EBITDA · FY 2025
₹1.21 Cr margin 20.1%
Compounded Annual Growth Rate (CAGR) of Palex Express Services Private Limited
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 21%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 136%
3 years · compounded
▲ 60%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 37% growth in the latest year. EBITDA rose 136% 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 Palex Express Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹86.01 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 Palex Express Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.3% | •••• | •••• | •••• | •••• |
| 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 Palex Express Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Palex Express Services Private Limited
Palex Express Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajdeo Jagprasad Pal | Director | 22 Jan 2004 | 22 Years 8 Months | Current |
| Amravati Raj Pal | Director | 22 Jan 2004 | 22 Years 8 Months | Current |
Peer Comparison of Palex Express Services Private Limited
Palex Express Services Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Express Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fastbeetle Logistics Private Limited | ₹6.18 Cr (FY 2024) | •••• | •••• | 160.0% | •••• | Jogeshwari West, Maharashtra, India |
| Speedio Move Private Limited | ₹6.16 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Leisstung Motorraad Private Limited | ₹6.16 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Bengaluru, Karnataka, India |
| Obn Associate Express Industries Private Limited | ₹6.06 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Pune, Maharashtra, India |
| Icc World Wide Private Limited | ₹6.05 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| Palex Express Services Private Limited this company | ₹6.03 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Mumbai, Maharashtra, India |
| Bhavani Courier Private Limited | ₹6.01 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Mskworldwide Express Private Limited | ₹6 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Om Freight Solutions Private Limited | ₹5.95 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Rajkot, Gujarat, India |
| Occpl Logistics Private Limited | ₹5.86 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
| E.R.S. Services Limited | ₹5.85 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Palex Express Services by revenue in the Transport and Logistics industry (Express Logistics), 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 Palex Express Services Private Limited
Auditor information for Palex Express Services Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Ownership and Shareholding of Palex Express Services Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Palex Express Services Private Limited
Open charges
₹20 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Dec 2025 | Hdfc Bank Limited | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Palex Express Services Private Limited
Palex Express Services Private Limited has a workforce of 11 employees as of Apr 06, 2024.
Employee count
11
Active EPFO establishments
1
Employee growth
-8.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Palex Express Services Private Limited
Palex Express Services Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Amravati Raj Pal was appointed as Director on 22 Jan 2004.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 101235664 was registered on 15 Dec 2025.
AGM
Palex Express Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Palex Express Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Amravati Raj Pal was appointed as Director.
Appointed
Rajdeo Jagprasad Pal was appointed as Director.
Incorporation
22 Jan 2004
Palex Express Services Private Limited was registered on 22 Jan 2004 with Roc Mumbai I & aged 22 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Palex Express Services Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Palex Express Services Private Limited
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Subsidiaries & Group Companies of Palex Express Services Private Limited
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Corporate group structure
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GST Compliance of Palex Express Services Private Limited
Palex Express Services has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP2810K2ZG | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Palex Express Services Private Limited
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Related news about Palex Express Services Private Limited
Frequently Asked Questions about Palex Express Services Private Limited
Palex Express Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 22 January 2004 (22+ years old) and is registered under CIN U64120MH2004PTC144176.
Palex Express Services reported revenue of ₹6.03 Cr for FY 2025 (up 37% YoY).
Palex Express Services has 2 current directors:
- Rajdeo Jagprasad Pal - Director
- Amravati Raj Pal - Director
Palex Express Services reported a net profit of ₹86.01 Lakh (net margin 14.3%) and EBITDA of ₹1.21 Cr (EBITDA margin 20.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Palex Express Services is 21% over three years and 10% over five years. In the latest year (FY 2025) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Palex Express Services is 27AADCP2810K2ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Palex Express Services is U64120MH2004PTC144176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palex Express Services was incorporated on 22 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Palex Express Services by revenue are Fastbeetle Logistics Private Limited, Speedio Move Private Limited, Leisstung Motorraad Private Limited, Obn Associate Express Industries Private Limited, Icc World Wide Private Limited and 5 more, all in the Transport and Logistics industry (Express Logistics).
Amravati Raj Pal was appointed as Director on 22 Jan 2004. Rajdeo Jagprasad Pal was appointed as Director on 22 Jan 2004.
Yes, Palex Express Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0016214).