About Palm Marine Services Private Limited
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Palm Marine Services Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 08 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2010PTC202896.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Bahuddin Mohammed Hanif Shaikh and Mariadasan Viyakuladimai.
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 Om Sai Datta Niwas Plot No.32A Room No.01 Sector 20 Nerul, Navi Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2025, the company reported a revenue of ₹66,664, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹9,250 (net margin 13.9%) and EBITDA of ₹12,910 (EBITDA margin 19.4%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 16% over five years.
The company is associated with 1 brand: Palm Marine Services Pvt Ltd.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thepalmmarine.com.
Company details
Contact details
Palm Marine Services Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is thepalmmarine.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOm Sai Datta Niwas Plot No.32A Room No.01 Sector 20 Nerul, Navi Mumbai, Maharashtra, India – 400706
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Palm Marine Services 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
Brands
Palm Marine Services operates one associated brand: Palm Marine Services Pvt Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Marine crew management, recruitment, and rail services in India. | thepalmmarine.com |
Business activity
The main business activity of Palm Marine Services is administrative and support service activities. In detail, this covers employment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 78 | Employment activities |
To see the full business activity and turnover split of Palm Marine Services Private Limited, buy the company report.
Financials of Palm Marine Services Private Limited
FY 2025 filings availablePalm Marine Services Private Limited reported revenue of ₹66,664 (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 17% growth in the latest year. EBITDA fell 19% 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 | ₹12,910 | ||||
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| Net Profit (PAT) | ₹9,250 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 19.4% | ||||
| Net Profit Margin | 13.9% | ||||
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To see the full financial statements and ratios of Palm Marine Services Private Limited, buy the company report.
Board of directors of Palm Marine Services Private Limited
Palm Marine Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bahuddin Mohammed Hanif Shaikh Also directs: Blesso Ship Management Private Limited | Director | 05 Jan 2019 | 7 Years 10 Months | Current |
| Mariadasan Viyakuladimai Also directs: Blesso Ship Management Private Limited | Director | 08 May 2010 | 16 Years 5 Months | Current |
| Swati Ramchandra Kadam | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
Auditor
Palm Marine Services Private Limited is audited by GHADI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GHADI & ASSOCIATES | FY 2020 | 131110W |
Shareholding
The shareholding of Palm Marine Services Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Palm Marine Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palm Marine Services 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 Palm Marine Services 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 Palm Marine Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palm Marine Services Private Limited has 6 board changes on record since 2010: 3 appointments and 3 cessations. The latest: Bahuddin Mohammed Hanif Shaikh was appointed as Director on 05 Jan 2019.
Frequently asked questions
Palm Marine Services is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 08 May 2010 (16+ years old) and is registered under CIN U63090MH2010PTC202896.
Palm Marine Services has 3 current directors:
- Bahuddin Mohammed Hanif Shaikh - Director
- Mariadasan Viyakuladimai - Director
- Swati Ramchandra Kadam - Director
The latest financial statements of Palm Marine Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Palm Marine Services is U63090MH2010PTC202896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palm Marine Services was incorporated on 08 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Bahuddin Mohammed Hanif Shaikh was appointed as Director on 05 Jan 2019. Chandra Gupta ceased to be Director on 15 May 2018. Swati Ramchandra Kadam was appointed as Director on 30 Sep 2015. Palm Marine Services has 6 board changes on record in total.
Palm Marine Services can be reached through the website thepalmmarine.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Palm Marine Services is at Om Sai Datta Niwas Plot No.32A Room No.01 Sector 20 Nerul, Navi Mumbai, Maharashtra, India – 400706.
Palm Marine Services operates in the business outsourcing industry, in the HR outsourcing and talent management segment.
The compliance status of Palm Marine Services is compliant as of 07 July 2026. The company is actively filing with the Registrar of Companies.
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