Palm Motors Private Limited
About Palm Motors Private Limited
Data last updated:
Palm Motors Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 18 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U34100DL2011PTC223863. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹64.5 Lakh. It is led by directors Geeta Devi and Reema Jain.
Its last annual general meeting (AGM) was held on 26 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 418/35 1st Floor New Explended Road, New Delhi, Delhi, India – 110006.
As per the financials filed for FY 2019, the company reported a revenue of ₹38.98 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹11.03 Lakh (net margin 0.3%) and EBITDA of ₹1.93 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.2 Cr and satisfied charges of ₹5.25 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palm Motors Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address418/35 1st Floor New Explended Road, New Delhi, Delhi, India – 110006
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Palm Motors 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
Business activity
The main business activity of Palm Motors is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Palm Motors Private Limited, buy the company report.
Financials of Palm Motors Private Limited
FY 2019 filings availablePalm Motors Private Limited reported revenue of ₹38.98 Cr (up 5% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over three years, including 5% growth in the latest year. EBITDA rose 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹38.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.03 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Palm Motors Private Limited, buy the company report.
Board of directors of Palm Motors Private Limited
Palm Motors has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reema Jain | Additional Director | 16 Apr 2018 | 8 Years 6 Months | Current |
| Geeta Devi | Director | 10 Oct 2013 | 13 Years 1 Months | Current |
Peer comparison
Palm Motors Private Limited is compared with the 7 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P L Automobiles Private Limited | ₹39.12 Cr (FY 2024) | 31.0% | Jaipur, Rajasthan, India | |||
| Saga Automotive (India) Private Limited | ₹39.09 Cr (FY 2016) | -27.0% | Jaipur, Rajasthan, India | |||
| Swarup Motors Private Limited | ₹39.08 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Badhwar Cars Private Limited | ₹38.99 Cr (FY 2025) | 40.0% | Rohtak, Haryana, India | |||
| Palm Motors Private Limitedthis company | ₹38.98 Cr (FY 2019) | ₹11.03 Lakh | 0.3% | 5.0% | 26 | New Delhi, Delhi, India |
| Republic Tractor Motor Private Limited | ₹38.93 Cr (FY 2024) | 40.0% | Ranchi, Jharkhand, India | |||
| Syamadynamic Motorcycles Private Limited | ₹38.83 Cr (FY 2025) | 42.0% | Ernakulam, Kerala, India | |||
| Gee Ess Steels Private Limited | ₹38.81 Cr (FY 2025) | 9.0% | Uttar Pradesh, India |
To see the full peer comparison of Palm Motors Private Limited, buy the company report.
Auditor
Palm Motors Private Limited is audited by M K NAGPAL & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K NAGPAL & ASSOCIATES | FY 2019 | 013031N |
Shareholding
The shareholding of Palm Motors Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | 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 Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2017 | 100156214 | Tata Capital Financial Services Limited | ₹7.5 Cr | Open | |
| 05 May 2017 | 100098433 | Hdfc Bank Limited | ₹1.5 Cr | Open | |
| 20 Apr 2016 | 100029547 | Others | ₹20 Lakh | Open | |
| 29 Feb 2012 | 10349918 | Allahabad Bank | ₹2 Cr | Satisfied | |
| 29 Feb 2012 | 10349929 | Allahabad Bank | ₹3.25 Cr | Satisfied |
To see the full charge records of Palm Motors Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Palm Motors Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
To see the full case history of Palm Motors Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palm Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Palm Motors Private Limited has a workforce of 26 employees on its EPFO records as of Dec 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 26 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Palm Motors Private Limited, buy the company report.
GST
Palm Motors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Palm Motors Private Limited, buy the company report.
Recent activity
Palm Motors Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Reema Jain ceased to be Additional Director on 05 Aug 2020.
6 earlier events are in the company report.
Frequently asked questions
Palm Motors is an active private limited company based in New Delhi, Delhi, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 18 August 2011 (15+ years old) and is registered under CIN U34100DL2011PTC223863.
Palm Motors has 2 current directors:
- Reema Jain - Additional Director
- Geeta Devi - Director
The latest financial statements of Palm Motors on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 26 September 2019. Year-wise statements from 2015 are in the company report.
No. Palm Motors has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Palm Motors is U34100DL2011PTC223863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palm Motors has 3 court cases on record: 3 filed against it.
Palm Motors was incorporated on 18 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Palm Motors by revenue are P L Automobiles Private Limited, Saga Automotive (India) Private Limited, Swarup Motors Private Limited, Badhwar Cars Private Limited, Republic Tractor Motor Private Limited and 2 more, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Reema Jain ceased to be Additional Director on 05 Aug 2020. Amit Jain ceased to be Director on 01 Jun 2019. Reema Jain was appointed as Additional Director on 16 Apr 2018. Palm Motors has 7 board changes on record in total.
The registered office of Palm Motors is at 41835 1st Floor New Explended Road, New Delhi, Delhi, India – 110006.
Palm Motors operates in the automotive industry, in the auto dealership and trading segment.
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