Palm Products Pvt.Ltd.
About Palm Products Pvt.Ltd.
Data last updated:
Palm Products Pvt.Ltd. is a private limited company based in Kolkata, West Bengal, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 28 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U15143WB1995PTC068710. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.63 Lakh. It is led by directors Amritash Sirohia and Prakaash Sirohia.
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 2 Garstin Place Level – 2 Suite – 205, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.35 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹11.71 Lakh (net margin 8.7%) and EBITDA of ₹11.48 Lakh (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 40% over five years.
As per MCA filings, the company has satisfied charges of ₹8.3 Cr on record. Court records list 14 cases involving the company, including 6 filed by the company and 8 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palm Products Pvt.Ltd.'s registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 Garstin Place Level – 2 Suite – 205, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Palm Products Pvt.Ltd., 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 Products is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Palm Products Pvt.Ltd., buy the company report.
Financials of Palm Products Pvt.Ltd.
FY 2025 filings availablePalm Products Pvt.Ltd. reported revenue of ₹1.35 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 18% growth in the latest year. EBITDA fell 52% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹11.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.71 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 8.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Palm Products Pvt.Ltd., buy the company report.
Board of directors of Palm Products Pvt.Ltd.
Palm Products has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amritash Sirohia | Additional Director | 10 Feb 2020 | 6 Years 8 Months | Current |
| Prakaash Sirohia | Additional Director | 10 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Palm Products Pvt.Ltd. is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goodworth Finlease P Ltd | ₹1.35 Cr (FY 2017) | 7.0% | Mumbai, Maharashtra, India | |||
| Palm Products Pvt.Ltd.this company | ₹1.35 Cr (FY 2024) | ₹11.71 Lakh | 8.7% | 18.0% | Kolkata, West Bengal, India | |
| Radiant International Private Limited | ₹1.34 Cr (FY 2024) | -5.0% | Mumbai, Maharashtra, India | |||
| Darkin Dealcom Pvt. Ltd. | ₹1.34 Cr (FY 2025) | 92.0% | Kolkata, West Bengal, India | |||
| Beharilal Jain & Sons Pvt Ltd | ₹1.34 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Rainbow Capital Pvt Ltd | ₹1.34 Cr (FY 2025) | 65.0% | Kolkata, West Bengal, India | |||
| Kia Ora Ventures Private Limited | ₹1.34 Cr (FY 2025) | 11.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Palm Products Pvt.Ltd., buy the company report.
Auditor
Palm Products Pvt.Ltd. is audited by GUJRANI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUJRANI & CO | FY 2021 | 322101E |
Shareholding
The shareholding of Palm Products Pvt.Ltd. is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palm Products Pvt.Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2015 | 10571152 | Icici Bank Limited | ₹2.3 Cr | Satisfied | |
| 18 Mar 2014 | 10485761 | Icici Bank Limited | ₹2 Cr | Satisfied | |
| 19 Mar 2010 | 10206707 | Axis Bank Limited | ₹1 Cr | Satisfied | |
| 11 Feb 2010 | 10206705 | Axis Bank Limited | ₹1 Cr | Satisfied | |
| 28 Oct 2005 | 90246755 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Palm Products Pvt.Ltd., buy the company report.
Total charge records: 6 View all charges
Legal cases
Palm Products Pvt.Ltd. has 14 court cases on record: 6 filed by Palm Products, 8 filed against it. 4 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 7 | 6 | 4 |
| High courts | 4 | 1 | 0 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Katra Realtors Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Katra Realtors Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Srei Infrastructure Finance Ltd. and 1 other | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Katra Realtors Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Katra Realtors Private Limited | Disposed |
To see the full case history of Palm Products Pvt.Ltd., 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 Products Pvt.Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palm Products 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 Products Pvt.Ltd., buy the company report.
Recent activity
Palm Products Pvt.Ltd. has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Amit Kumar Rungta ceased to be Director on 18 Feb 2020.
16 earlier events are in the company report.
Frequently asked questions
Palm Products is an active private limited company based in Kolkata, West Bengal, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 28 February 1995 (31+ years old) and is registered under CIN U15143WB1995PTC068710.
Palm Products has 2 current directors:
- Amritash Sirohia - Additional Director
- Prakaash Sirohia - Additional Director
The latest financial statements of Palm Products 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.
No. Palm Products has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Palm Products is U15143WB1995PTC068710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palm Products has 14 court cases on record: 6 filed by the company and 8 filed against it. 4 are pending. Most are in the nclat.
Palm Products was incorporated on 28 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Palm Products by revenue are Goodworth Finlease P Ltd, Radiant International Private Limited, Darkin Dealcom Pvt. Ltd, Beharilal Jain & Sons Pvt Ltd, Rainbow Capital Pvt Ltd and 1 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Amit Kumar Rungta ceased to be Director on 18 Feb 2020. Jyoti Rungta ceased to be Director on 18 Feb 2020. Amritash Sirohia was appointed as Additional Director on 10 Feb 2020. Palm Products has 8 board changes on record in total.
The registered office of Palm Products is at 2 Garstin Place Level – 2 Suite – 205, Kolkata, West Bengal, India – 700001.
Palm Products operates in the financial services industry, in the investment and credit nbfc segment.