Palm Spring Resorts Limited
About Palm Spring Resorts Limited
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Palm Spring Resorts Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment banking and advisory segment of the financial services sector. It was incorporated on 14 May 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1987PLC043477.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹25.49 Lakh. It is led by directors including Sandeep Ratanchand Jhaveri and Suril Sundip Jhaveri.
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 1401 – Arajul Apartments 9 Harkness Road, Mumbai, Maharashtra, India – 400006.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.98 Lakh, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹3.97 Lakh (net margin -99.8%) and EBITDA of -₹5.35 Lakh (EBITDA margin -134.5%). Revenue has declined at a compounded annual rate (CAGR) of 9% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palm Spring Resorts Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1401 – Arajul Apartments 9 Harkness Road, Mumbai, Maharashtra, India – 400006
- IndustryFinancial Services, Investment Banking & Advisory
To see the full contact details of Palm Spring Resorts 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 Spring Resorts is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
Financials of Palm Spring Resorts Limited
FY 2025 filings availablePalm Spring Resorts Limited reported revenue of ₹3.98 Lakh (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 11% fall in the latest year. EBITDA fell 13% 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 | -₹5.35 Lakh | ||||
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| Net Profit (PAT) | -₹3.97 Lakh | ||||
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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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| EBITDA Margin | -134.5% | ||||
| Net Profit Margin | -99.8% | ||||
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To see the full financial statements and ratios of Palm Spring Resorts Limited, buy the company report.
Board of directors of Palm Spring Resorts Limited
Palm Spring Resorts 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 |
|---|---|---|---|---|
| Sandeep Ratanchand Jhaveri Also directs: Asmita Cultural Foundation | Director | 14 May 1987 | 39 Years 5 Months | Current |
| Suril Sundip Jhaveri Also directs: Asmita Cultural Foundation | Director | 01 Jan 1988 | 38 Years 9 Months | Current |
| Priyaj Sandeep Jhaveri Also directs: Asmita Cultural Foundation | Director | 01 Jan 1998 | 28 Years 9 Months | Current |
Auditor
Palm Spring Resorts Limited is audited by K P SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P SHAH & CO | FY 2019 | 109640W |
Shareholding
The shareholding of Palm Spring Resorts Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Spring Resorts Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palm Spring Resorts 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 Spring Resorts 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 Spring Resorts Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palm Spring Resorts Limited has 6 board changes on record since 1987: 3 appointments and 3 cessations. The latest: Suhit Jayesh Jhaveri ceased to be Director on 08 Sep 2022.
Frequently asked questions
Palm Spring Resorts is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment banking and advisory, within the financial services industry. It was incorporated on 14 May 1987 (39+ years old) and is registered under CIN U55101MH1987PLC043477.
Palm Spring Resorts has 3 current directors:
- Sandeep Ratanchand Jhaveri - Director
- Suril Sundip Jhaveri - Director
- Priyaj Sandeep Jhaveri - Director
The latest financial statements of Palm Spring Resorts 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 Spring Resorts is U55101MH1987PLC043477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palm Spring Resorts was incorporated on 14 May 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Suhit Jayesh Jhaveri ceased to be Director on 08 Sep 2022. Paresh Ratanchand Jhaveri ceased to be Director on 01 Jan 2021. Nirad Paresh Jhaveri ceased to be Director on 20 Apr 2018. Palm Spring Resorts has 6 board changes on record in total.
The registered office of Palm Spring Resorts is at 1401 – Arajul Apartments 9 Harkness Road, Mumbai, Maharashtra, India – 400006.
Palm Spring Resorts operates in the financial services industry, in the investment banking and advisory segment.
The compliance status of Palm Spring Resorts is compliant as of 29 August 2026. The company is actively filing with the Registrar of Companies.
Palm Spring Resorts can be reached at its registered office: 1401 – Arajul Apartments 9 Harkness Road, Mumbai, Maharashtra, India – 400006.